Indian IT Shake-out

2008 has been a historic year for a host of events including some of the more unfortunate ones. The biggest ones that impact the Indian IT industry have been the Economic Crisis and to an extent the recent 'Satyam' fiasco.
My bet is that 2009 will be the year of shake-out and alignment for the Indian IT industry as it is forced to adopt creatively to the global economic conditions and the closer governance scrutiny that will be the fall-out of Satyam.
By the end of the year we will see a lot of companies closing down or being merged to form a more viable entity. It is likely that we see a new entrant in the top 7 IT firms. I will try publishing a entry list of companies as of the beginning of the year so that we can compare with what is left at the end of the year.

The present list and predictions to follow. Stay tuned

1 comment:

Blessings In Disguise said...

Here are the top 7, which one you think will go out, I'll bet on Tech Mahindra and Wipro.

1. Accenture
2. IBM
3. Infosys
4. TCS
5. Wipro Technologies
6. Tech Mahindra
7. HCL Technologies