PROFILE OF THE INDUSTRY

Contrary to popular perception, the Indian software industry came into being long before
the much-publicized software services boom of the 1990s. TCS, the industry pioneer and the
largest Indian software company in 2005, was set up way back in 1968! Infosys and Wipro, the
other home-grown majors, were established in the early 1980s. However till the mid-1980s, the
import substitution oriented (high tariff regimes being a case in point), largely domestic
hardware industry centric policies of the Government of India and an overvalued Rupee
restricted industry growth. Ironically though, the governments other major policy initiative in
this period - undertaking substantial investment in technical education - would later prove to be a
big boon for the industry when global demand for software engineers exploded following
changes in computing technology.
The advent of personal computers and networking radically changed the computing
paradigm. The shift from hitherto mainframe oriented computerisation to network oriented
systems opened up a new source of demand in the advanced countries for customised software.
A worldwide crash in hardware prices coupled with a relaxation in some of the previously
restrictive government policies for example, allowing hardware imports by software firms
under a new Software Policy regime announced in 1986 resulted in the Indian industrys export
revenues growing fivefold from $22 million in 1984 to over $100 million by 1989.
The export orientation of Indian software firms was in large part due to lack of
opportunities in the domestic market. While private companies in most sectors had little
incentive to computerise and improve productivity as they had historically been protected from
foreign competition, the then widely prevalent fear that computerisation would lead to job
losses discouraged government and state owned enterprises from undertaking large scale
computerisation efforts. As a consequence, most software firms focused on providing software
services to international clients. The dominant revenue generation model during this period was
to second software engineers (sometimes pejoratively referred to as body-shopping) to overseas
client organisations to work onsite in client projects. The fundamental value proposition of the
industry was its ability to deliver a working team of professionals capable of undertaking any
software engineering task. The projects were conceived, designed and managed by client
organisations while Indian software professionals worked on specific tasks assigned to them.
A few Indian firms (for example Sonata Software and Wipro) attempted to develop software
products. But they failed in part due to the shallow domestic market, and in large part due to the
unavailability of risk capital to sustain investments in product development and market the
product in international markets.

The policy changes that effectively de-linked the growth of the software industry from
the hardware industry resulted in large-scale entry of firms into the industry. Apart from the
entry of local companies (Satyam entered the industry in 1987), many multinational companies
established operations in India during this period. While US multinationals such as Citicorp and
Texas Instruments (TI) set up captive software subsidiaries that catered to their internal needs,
the UK multinational British Telecom set up a joint venture with Mahindra and Mahindra, one of
Indias established industrial houses. By the end of the decade, NASSCOM had over hundred
member firms
In an increasingly globalised world, significant complexity and uncertainty is getting
attached to the unprecedented economic crisis. The Indian economy has also been impacted by
the recessionary trends, with a slowdown in GDP growth to seven per cent. The focus and
exponential growth in the domestic market has partially offset this fall and insulated the country,
resulting in net overall momentum. The IT-BPO industry in India has today become a growth
engine for the economy, contributing substantially to increases in the GDP, urban employment
and exports, to achieve the vision of a young and resilient India. During the year, the sector
maintained its double digit growth rate and was a net hirer. This growth has been fueled by
increasing diversification in the geographic base and industry verticals, and adaptation in the
service offerings portfolio.

While the effects of the economic crisis are expected to linger in the near term future, the
Indian IT-BPO industry has displayed resilience and tenacity in countering the unpredictable
conditions and reiterating the viability of Indias fundamental value proposition. Consequently,
India has retained its leadership position in the global sourcing market. The Indian IT-BPO
industry is estimated to achieve revenues of USD 71.7 billion in FY2009, with the IT software
and services industry accounting for USD 60 billion of revenues. During this period, direct
employment is expected to reach nearly 2.23 million, an addition of 226,000 employees, while
indirect job creation is estimated to touch 8 million. As a proportion of national GDP, the sector
revenues have grown from 1.2 per cent in FY1998 to an estimated 5.8 per cent in FY2009.
Software and services exports (including BPO) are expected to account for over 99 per cent of
total exports, employing over 1.76 million employees. While the current mood is that of
cautious optimism, the industry is expected to witness sustainable growth over a two-year
horizon, going past its USD 60 billion export target in FY2011. While the industry has
significant headroom for growth, competition is increasing, with a number of countries creating
enabling business environments aimed at replicating Indias success in the IT-BPO industry.
Hence, concentrated efforts are required by all stakeholders to address the current challenges, to
ensure that India realizes its potential, and maintains its leadership position.






PROFILE OF WIPRO
Their vision is to be among the top ten global technology service providers offering a
complete spectrum of e-business, Internet and communication technology services and
components in an environment of empowerment, intellectual challenge and wealth sharing.
BENEFITS
The governing theme in Wipro is the well being of their employees. The benefits offered
are on par with the best available. Their compensation package is among the best in the industry
and is aimed at not only attracting but also retaining the best talent. The package caters to all
positions across Wipro. Rewards for each position are based on performance, potential,
criticality, and market value. Besides the base pay, we offer deferred benefits such as a provident
fund, gratuity, and a pension plan.
They have a comprehensive medical assistance program that covers anything you or your
family may incur. For new employees they provide interest free loans to cover housing deposits
or the purchase of a two-wheeler. They also provide contingency loans for marriage, illness, or
the death of a close family member.
The Wipro Employee Stock Option Plan (WESOP) allows employees to share in their
success. Our education assistance plan encourages further education. Their leave policy also
includes a sabbatical to pursue higher studies related to your profession. They also take great
interest in the personal well being of their employees. They have contracted an external agency
to take care of domestic chores such as bill payment and travel bookings thereby giving you
more time to spend in more enjoyable endeavors. They also provide credit cards for all of their
employees, transport to their development centers, and an onsite cafeteria.
These benefits are offered in addition to a host of deferred ones. All common processes
like leave applications, travel planning, updating personal information, etc., are automated
through the extensive use of Intranet - HRWEB making these activities easy and less time
consuming.

REWARDS
Hard work and contribution never go unnoticed at Wipro. If you are an exceptional
performer, you can get your name carved in the Wipro Hall of Fame. This is the highest award
Wipro offers, and is given in recognition of a sustained and consistent performance by a single
employee or a team. Wipro has awards for innovative ideas (Mastermind), effort in a team
(Feather in my Cap), help to a colleague in bailing him/ her out of a difficult situation (Thanks a
Zillion), appreciation of your boss for technical, managerial or leadership skills (Dear Boss) and
celebration of achievements (On the House). Even mistakes with the right handling can be turned
into a significant learning experience for the future. All for the Best award enables you to learn
from past mistakes.
They take pride in their long serving colleagues. They are the force behind their success,
and they recognize their contribution through a comprehensive reward program. Club 5, Club 10,
and Club 15 are awards depending upon the number of completed years of service with the
company.
CULTURE
They believe that being a Wiproites is a badge of honor. Both current and past employees
can take pride in the fact they do work for or have worked for Wipro. To keep this tradition
alive, they have very strict selection criteria and a rigorous selection process. Once you become a
part of the Wipro family, you can envision your future and move ahead with them by your side.
The challenge of being at the forefront of cutting edge technologies will be yours. You will work
alongside some of the biggest names in the IT world, in an ambience that fulfils your heart's
desire as much as it stimulates your intellect. You will have the freedom to initiate and realize
your goals. Reap the benefits with us, as the world watches. Their energy, free spirit, and
commitment to human values have played a significant role in our success story so far. They
instill these qualities into every new member of the Wipro family. Active, unhindered
participation brings us closer to each other and to ourselves, making work fun.
They care about how employees feel about Wipro and to understand this, an employee
perception survey is conducted by an external agency. What they learn from the survey is then
put into action to ensure employee satisfaction. Wipro strives to provide an environment that is
stimulating, with high levels of motivation, empowerment, and recognition, removing obstacles
that hinder creativity. In this energized atmosphere, they share successes while setting new
standards of excellence.
An informal group of like-minded Wiproites organizes events and activities to bring
together people from across departments, divisions, locations, and hierarchies with one
governing spirit. "For the team, by the team, of the team Wipro!" They bring fun to the
workplace. You can become a part of any of these interest groups be it dance, music, dramatics,
literary, adventure, quizzing, or any sport you are good at. You can even initiate a new interest
group of your own.
They at Wipro strongly believe in giving back to society. Their service doesn't stop at
providing charity. They have faith in human effort and they believe that it is not just what you
do, but how you go about doing it. "Wipro Cares" brings together individuals with a common
aim so that they may contribute to society.
Ever since Wipro started in 1966 innovation has been a key ingredient. Be it
diversification of industries, breaking into the latest technology, spearheading process
milestones globally, Wipro has constantly strived to create a world class organization providing
world class solutions.
With people at the focus of all its initiatives it is no wonder that Wipro has been able to
consistently be "ahead of the pack". They believe their strength is in their people and go beyond
what is expected to provide a work environment that is the envy of all.
















PROFILE OF INFOSYS
At Infosys they have a vision of where they want to go, and it's really exciting. With an
annual compounded growth rate of around 60% in the last 5 years, and branches across the
world, they are forging ahead in the global market. To achieve their vision, they are always
looking out for talented, learnable individuals who are ambitious, who love challenges and who
have a passion to excel! Towards this objective, Infosys participates in consultancy hiring
programs and also conducts a number of off-consultancy initiatives throughout the year at
various locations. Apart from college hiring, they also hire experienced professionals from the
industry at various mid-level and senior positions.
LIFE AT INFOSYS
Drive to Excel Challenging and exciting client engagements and an organizational
culture that emphasizes learning drives every Infusion to excel in their individual capacities and
as team players. Be it technology or project management, each client engagement provides
unique opportunities to innovate and excel to build next generation technology product or realize
IT programs that change the ways of business for our clients. As a dynamic and fast growing
company, this excellence extends beyond technology roles, and is equally important to how we
manage and sustain this rapid growth. The spirit of innovation and excellence is most evident in
how they build and manage their physical, technology, or people infrastructure or in what they
do for their financial, marketing, and quality practices.
Continuous Learning The spirit of learns ability among their people and an
organizational commitment to continuous personal and professional development keeps Infosys
at the forefront in a fast-changing industry. Their framework for continuous learning at Infosys is
built around a number of focused programs for our employees. These range from major
initiatives such as the Infosys Leadership Institute to various ongoing management development
and personal improvement programs. They complement a host of technology advancement and
ongoing training options. Dedicated organizations or groups within Infosys lead these initiatives.
Their investment in people and infrastructure to build a holistic learning framework demonstrates
their commitment to continuous learning and building intellectual capital for our employees.
This learning framework is continuously enhanced with new programs and the latest learning
techniques - and close-knit coordination across these initiatives ensures that it meets the different
learning needs of our employees in specific areas of technology, management, leadership,
cultural and communication skills, and other soft skills. Apart from formal programs - a typical
example of an informal employee-driven program is the Infosys Toastmasters Club, formed in
2000. The mission of this club is to provide a mutually supportive and positive learning
environment to develop communication and leadership skills to foster self-confidence and
personal growth. The club has been recognized by Toastmasters International and joins the roster
of other recognized Corporate Clubs around the world (including those of Microsoft, Boeing,
Citicorp and Sun Microsystems).
Fun and Culture Life here at Infosys is brimming with events - where employees can
pursue their interests in areas as varied as arts, culture, or sports. The objective is to ensure that
employees are not confined to their desks. Employees express their various skills and interests
through forums that include an "Art Gallery" on consultancy dedicated to displaying the works
of Info scions, daily quiz competitions, and regular music meetings that keep the place abuzz
with creativity. Inculcom is the base organization that hosts cultural programs for Infoscions.
Each event emphasizes a specific area like music, dance, or quiz. These programs are generally
not competitive, but a competitive element is sometimes added to enhance enthusiasm and to
bring out the best in our people. Under Inculcom, there are sub groups like the IQ Circle
(Quizzes), Shruthi (the classical music club), Dramatix (the drama club), and Vakchaturya
(forum for self development).
I n sync The key to employee involvement in organizations is the sharing of information
about business performance, plans, goals, and strategies. What happens by a shout across the
corridor in a smaller organization, calls for a more systematic process in a large organization like
ours.In Sync is their internal communication program focused on keeping the Infoscion abreast
of latest corporate and business developments, and equipping him or her to be a "brand
ambassador" for the company. This program combines a communication portal with workshops,
monthly newsletters, articles, daily cartoons and brainteasers to synchronize each Infoscion with
the organization.

WORK AT INFOSYS
They would like to describe their people and their work place in simple terms. But it isn't
easy when what they are trying to describe is a certain feeling of joie de vivre; a feeling of
energy and vitality, of freshness, of a place where people work in a consultancy like facility and
culture, are unafraid to voice new ideas, of a place where there is minimal hierarchy. Their
robust people management practices enable us to create this environment for you. This is what
distinguishes them among other technology companies, enabling Infoscions to excel and
innovate in what they do for our clients and in what they stand for as a company.
How to Apply
What they look for
At Infosys they look for individuals who are high on learn ability, flexibility across
technologies and locations, and being long-term players with us, who are performance driven.
What they can offer you
A continuous learning curve, empowerment, global exposure, challenging roles, a
performance driven work culture, world class facilities (including gym, sports complexes etc).
Scope for personal development through a lot of extra curricular activities like the Toast masters
club, the Infosys Band, weekly recreational activities.