5 interesting facts about Lakshmi Niwas Mittal

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New Delhi: Indian-origin steel tycoon Lakshmi Mittal, who spent eight years at the top of the Sunday Times Rich List, is the Chairman and Chief Executive Officer of ArcelorMittal, the biggest steel producing company of the world. In 2013, a £2.7 billion drop in his wealth in the past 12 months sent Mittal from the top spot to the fourth place. 

Mittal is well known to turn sick steel companies into money spinners, something which has always amazed the industry and his peers. He has shown India’s hardworking middle class what they can achieve if they set a goal for. His business acumen, swift decision making ability and boldness has resulted in the spectacular amount of wealth.

Mittal has been a member of the board of directors of Goldman Sachs since 2008,and is also member of the board of directors of the European Aeronautic Defence and Space Company. He sits on the World Steel Association's executive committee,and is a member of the Indian Prime Minister’s Global Advisory Council, the Foreign Investment Council in Kazakhstan, the World Economic Forum’s International Business Council, and the Presidential International Advisory Board of Mozambique.

Let’s take a look at fifteen interesting facts about him and his life. 

1. Lakshmi Niwas Mittal was born on June 15, 1950 at Sadulpur, in Churu district of Rajasthan. His grandfather worked for one of the leading industrial firms, whereas his father was a businessman. The family relocated to Kolkata after his father joined a domestic steel company as a partner. He graduated in commerce from St. Xavier's College in Kolkata and joined the family business along with his two younger brothers Pramod Mittal and Vinod Mittal. Mittal’s joining of family’s company “Ispat” marked the turning point of his life.



2. Starting in Indonesia in 1975, he built a new mill on land his father held in Indonesia  which he then operated. Within a year, Mittal established Ispat International, a unit of his father’s company, in Indonesia and was focusing on running its operations.

“I realized that life is too short to build a steel company from scratch,” Mittal told Fortune in 2006.

According to Financial Times, this faith created 'the only true global steel company.' In addition it also fortified his reputation as a doctor of sick steel mills. 

3. He spent the late 1970s and early 1980s running the Indonesian mill for his family’s company. But starting in 1989 with a plant in Trinidad and Tobago, Mittal began purchasing and overhauling struggling steel mills in areas such as Mexico, Romania, and Ukraine,. In 1994, the Mittals split up the family business. Ispat International went public in 1997, and in 2004, Lakshmi integrated his privately held steel company, LNM Holdings, into Ispat for $13 billion—and Mittal Steel took shape.

4. In order to become a major player in the global steel market, Mittal turned to Kazakhstan. Mittal bought the country’s Karmet Steel works in Temirtau for just $400 million. The single acquisition turned out of be the wisest decision by Mittal since Kazakhstan shares a border with China, a country where the steel demand was about to rise. Later Lakshmi Mittal became a global steel producer with operations in 14 countries.

5. Visionary Mittal saw immense opportunity in the fragmented international steel industry that was crying out for consolidation. It was largely because lots of companies were owned by the governments and research and development was inexistent. The sector was characterized by acute over capacity, high indebtedness and steel prices that had hit rock bottom.

10 interesting facts about Infosys co-founder NR Narayana Murth

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New Delhi: More than three decades since its inception, India's second largest software firm Infosys has got its first non-founder chief executive officer in Vishal Sikka. He replaces S D Shibulal, last among the co-founders to hold the CEO post.

On June 12, 2014, at the Bangalore headquarters of the $8.2 billion firm, N.R. Narayana Murthy, the 67-year-old co-founder and executive chairman, announced that after 33 years, he and the other two remaining co-founders — S. Gopalakrishnan, who serves as executive vice chairman, and CEO S.D. Shibulal — were stepping down.

Experts say the departure of the three co-founders is a positive development and the move indicates that the founders recognize that “they do not have the capabilities to take the company to the next orbit of growth, which is essential to remain competitive in the industry.” “Appointing a new CEO and giving up his executive chairman role, Murthy has shown that he has the imagination and courage to take risks on people and ideas,” they say.

Sikka comes from the German software firm SAP, where he was a member of its executive board, leading all products and driving innovation. Sikka is credited with developing HANA — High-performance Analytic Appliance — SAP’s flagship in-memory database management system. It remains to be seen how Sikka steers the Infosys towards a new growth trajectory. 

According to industry pundits, a “desirable state” for Infosys in the next few years would at the forefront of the technology universe, not merely as the leader among Indian outsourcing providers.

Here are some interesting facts about NR Narayana Murthy:

1. In 1981, Murthy founded Infosys Technologies along with six of his friends. Since none of them had the money to start the company, luckily his wife Sudha Murthy, who was an engineer with Tata Industries, gave him Rs 10,000 to start the company. 



2. Narayana Murthy was born on 20 August 1946 to Sri R H Kulkarni and Vimala Kulkarni at Mysore, in Mysore, Karnataka. He got a degree in Electrical Engineering from Mysore University, and later studied Computer Science at the Indian Institute of Technology (IIT) in Kanpur. He has also worked at IIM Ahmedabad as chief systems programmer before Infosys.



3. Murthy served as the CEO of Infosys for 21 years, from 1981 to 2002, later succeeded by co-founder Nandan Nilekani in 2002. He was the chairman of the board from 2002 to 2006, after which he became Chairman of the Board and Chief Mentor. In August 2011, he retired from the company, taking the title Chairman Emeritus.



4. Murthy has been given Padma Shri award in 2000, Commander of the Order of the British Empire award by the UK govenrment, Officer of the Legion of Honour by Government of France, Padma Vibhushan award by President of India, and many other awards.

5. Infosys wasn't NR Narayana Murthy's first entrepreneurial venture. It was a company called Softronics, an IT consulting firm that Murthy founded in Pune in 1976.



6. Murthy, a self proclaimed socialist in the mid '70s was jailed for 72 hours in Bulgaria. The experience taught him that entrepreneurship and job creation is the way to alleviate poverty.



7. In a poll conducted by Asiaweek, he was adjudged one of the 50 most powerful people in Asia for 2000. Fifty percent of the respondents in an online poll conducted by The Economic Times voted him the best CEO of India.  

8. According to him, the role model that inspired his career were: “: “Those days our role models were our teachers, both in school and university. They taught us to be inquisitive and articulate. You have to imagine a lower middle class family in a district headquarters in the ’60s. My father used to tell us about the importance of putting public good before private good; mother would talk about sacrifice and truth. Beyond the basic values of life they didn’t discuss too much about our careers.”



9. When asked what has instilled the quality of leadership in him, he said “My father ... was a great fan of Western classical music. On Sundays, he used to play music for an hour. One day I asked him: why should I listen to this alien music? He said: What appeals to me is that in a symphony there are over 100 people, each of whom is a maestro, but they come together as a team to play according to a script under this conductor and produce something divine. They prove that one plus one can be more than two. It’s a great example of teamwork.”



10. His mantra for a successful and worry less life, “Keep your life simple and straight. That way, you get to work more and worry less.”

Rani Mukerji’s soul stirring saga 'Mardaani' goes tax-free in Madhya Pradesh

India TV Entertainment Desk [ Updated 25 Aug 2014, 15:59:51 ]

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New Delhi: Rani Mukerji's 'Mardaani' might have unexpectedly got an 'A' certificate from the Censor Board but it received its due from audiences. 

The movie is being appreciated throughout the nation with people from media as well as entertainment industry praising the effort by YRF films. 

Madhya Pradesh govt. sensing the sensitivity of the issue took a decision to make the movie tax-free encouraging people to go and watch the movie. 

CM Shivraj Singh Chauhan went on a spree to post tweets announcing the decision to get 'Mardaani' tax-free all over MP.

In his tweets he shared, "After a very long time went along with family to watch a movie.’Mardaani' turned out to be soul stirring saga highlighting a societal evil."

Not just this, the CM of Madhya Pradesh Mr. Chauhan also congratulated YRF productions, Aditya Chopra and Rani Mukerji for their effort to bring such crucial topics out in open with such great use of cinema, "I congratulate Rani Mukherjee for a wonderful and powerful performance in 'Mardaani'. Aditya Chopra has done well to produce this movie." 

Raising his voice against the dark side of human trafficking spreading like a fatal virus in the Indian society Shivraj Singh Chauhan tweeted, "Trafficking of young girls and women is worst evil which needs to be eliminated.'Mardaani' has brought it into focus."

And with finishing off his praises for the entire crew and cast he added, "We will give 'tax free' status to 'Mardaani' in Madhya Pradesh considering the bold social message conveyed by it."

With such good work winning appreciation government must make the movie go tax-free encouraging larger arena of audience to watch such films.

By-polls results a setback for BJP in Bihar, Congress clinches Bellari and Patiala

India TV Politics Desk [ Updated 25 Aug 2014, 19:27:05 ]

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New Delhi: Just three months after the BJP-led alliance swept the Lok Sabha polls, the new combine of the RJD, JD-U and Congress stunned the BJP by winning six of the 10 assembly seats in Bihar.

Wild celebrations erupted outside the offices of the Janata Dal-United (JD-U) and Rashtriya Janata Dal (RJD) in particular, while the Bharatiya Janata Party (BJP) -- on the same road -- was deserted as the by-election results came in.

In a stunning reversal of fortunes, the RJD won three seats, its new found ally JD-U two while the Congress wrested the Bhagalpur seat from the BJP after a gap of 23 long years.

The RJD victories came from Mohiuddinnagar, Rajnagar and Chapra. The JD-U won in Jale and Parbatta.

The BJP, which was confident of crushing the opposition, was declared elected from Hajipur, Mohania, Narkatiaganj and Banka constituencies. Its ally, the Lok Janshakti Party, was routed.

Of the 10 seats, the BJP had won six, the RJD three and the JD-U one in the last assembly elections in 2010.

The Aug 21 by-elections were seen as a litmus test for both the BJP as well as the RJD and JD-U, which came together after two decades soon after the Lok Sabha results came out in May.

The Congress later joined the alliance to take on the BJP-LJP combine.

RJD leader Ashok Kumar Sinha said the victory of the new alliance showed that the "magic of Lalu and Nitish has clicked", referring to former chief ministers Lalu Prasad (RJD) and Nitish Kumar (JD-U).

Nitish Kumar resigned as chief minister in May after the Lok Sabha disaster. A new JD-U government, led by Jitan Ram Manjhi, took power with the backing of its former foe, the RJD.

"The Modi factor has failed," Sinha gloated, referring to BJP mascot and Prime Minister Narendra Modi.

JD-U leader Sanjay Singh said the results proved that Lalu Prasad and Nitish Kumar were right in joining hands again.

"It was the first major political test after the general election and ahead of next year's assembly polls in Bihar," he said. "The alliance of RJD-JD-U-Congress has gained."

BJP leaders in the state were shattered but put up a brave front.

BJP's Syed Shahnawaz Hussain took moral responsibility for the poor showing. Party spokesman Vinod Narain Jha, however, claimed the results would have no impact on the assembly polls next year.

In Bhagalpur, Ajit Sharma of the Congress won by 8,000 votes over Nabhay Choudhary of BJP.

The by-election was caused by the resignation of former minister Ashwani Kumar Choubey, who was elected to the Lok Sabha from Buxar on a BJP ticket.

"It is a big win for Congress," state Congress president Ashok Choudhary said. The BJP had been winning the seat since 1990.

Bhagalpur, an urban centre, was considered a stronghold of the BJP.
Reacting to Bihar by-poll results, RJD supremo Lalu Prasad tweeted, “People of Bihar are the masters. I thank all the candidates of the “Grand alliance” who won the bypolls. Voters have rectified the mistake they made during 2014 Lok Sabha Elections.”




Karnataka:

The ruling Congress Monday wrested the prestigious Bellary (ST) seat and retained Chikkodi-Sadalga seat while the BJP won from Shikaripura in assembly by-elections in Karnataka.

N.Y. Gopalakrishna of the Congress trounced Obalesh of the Bharatiya Janata Party by 33,104 votes in the Bellary reserved constituency, 330 km from Bangalore.

Of the total votes polled, Gopalakrishna secured 83,906 and Obalesh 50,802.

The election was caused by the resignation of former BJP minister B.R. Sriramulu, who contested on the BSR ticket in the May 2013 assembly polls, on winning the Bellary Lok Sabha seat on BJP ticket.

In Chikkodi-Sadalga, Ganesh Hukkeri of the Congress won by 31,820 votes defeating K.M. Mallikarjun of the BJP.

The resignation of former Congress minister Prakash Hukkeri, father of Ganesh, after he won the Chikkodi Lok Sabha seat caused the by-election in this constituency, about 570 km from Bangalore.

In Shikaripura, B.Y. Raghavendra of the BJP defeated H.S. Shanthavirappa Gowda of the Congress by a slender margin of 6,430 votes to retain the seat.

The resignation of former BJP chief minister B.S. Yeddyurappa on winning from the Shimoga Lok Sabha seat necessitated the by-poll in Shikaripura in Malnad region, about 260 km from Bangalore.

The by-elections witnessed a record voter turnout in all three assembly segments, with 86 percent in Chikkodi, 72 percent in Shikaripura and 71 percent in Bellary.

Madhya Pradesh:

In a setback to BJP, Congress wrested the Bahoriband Assembly seat from the ruling party which emerged victorious in Agar and Vijayraghavgarh segments in the by-elections, results of which were announced today.  

Sourabh Singh, who joined Congress recently after quitting BSP, won from Bahoriband by a margin of 7,977 votes.
  
The BJP wrested Vijayraghavgarh from Congress as its candidate Sanjay Pathak won by a convincing margin of 53,397 votes over Congress’ former Mayor Brajendra Mishra Pathak secured 90,084 votes, while Mishra got 36,687.  

Pathak had won the 2013 Assembly election from Vijaraghavgarh on a Congress ticket with a thin margin. He later joined the BJP during Lok Sabha elections following differences with senior Congress leaders.  

The victory in Bahoriband may boost the morale of Congress, which has been out of power in the state since 2003.  At the seat, Sourabh bagged 76,712 votes while BJP’s Pranav Pandey got 68,735 votes in a keenly contested by-poll held on August 21.

In the run up to the election, former Congress MLA Nishith Patel from the same seat had joined BJP.  The by-poll in Bahoriband was necessitated after sitting BJP MLA Prabhat Pandey, who won the poll in 2013, died.

BJP fielded his son Pranav from the seat.

Meanwhile, BJP retained the Agar Assembly seat with its candidate Gopal Parmar defeating Congress’ Rajkumar Gore by a margin of 27,102 votes.

The by-poll was necessitated in Agar (Malwa) after sitting BJP MLA Manohar Untwal got elected as MP from Dewas Lok Sabha seat.

Punjab:

Ruling Shiromani Akali Dal (SAD) and Congress won one seat each in the by-polls to Patiala (urban) and Talwandi Sabo Assembly seats today but the Aam Aadmi Party (AAP) finished a poor third.  

It was a gain for ruling SAD which fought a strong anti-incumbency factor to wrest control over Talwandi Sabo seat from the Congress.

Both Patiala (urban) and Talwandi Sabo seats were with the Congress before they fell vacant.

Patiala seat fell vacant after sitting Congress MLA and former Chief Minister Amarinder Singh got elected to Lok Sabha from Amritsar, whereas Talwandi Sabo Assembly seat faced by-poll as sitting Congress MLA Jeet Mohinder Sidhu deserted the party to join the ruling SAD.

Talwandi Sabo Assembly under Bathinda district was retained by SAD’s Harsimrat Kaur Badal, wife of Punjab Deputy Chief Minister Sukhbir Singh Badal in the recently held Lok Sabha polls. After the election, Harsimrat was given a ministerial berth in the Narendra Modi cabinet.  Chief Minister Parkash Singh Badal and his son Sukhbir had campaigned vigorously in Talwandi Sabo leaving no stone unturned to ensure the victory of party candidate and “turncoat” Sidhu.

Patiala’s royal family maintained its stronghold on Patiala seat, considered to be the strong bastion of the family.

After retaining Patiala seat, Amarinder Singh had emerged as a strong leader of the party in Punjab. He had limited his campaigning for his wife in the run up to the by-polls to Patiala seat.

Preneet, a three time MP was defeated by AAP’s Dharamvira Gandhi in the Lok Sabha polls.

While Amarinder preferred to campaign for his wife, his bete noire and Punjab Congress chief Partap Singh Bajwa confined his campaigning to Talwandi Sabo.  AAP which sprung a surprise in the recently held Lok Sabha polls by winning four out of total 13 seats in Punjab, performed badly in the by-polls as its candidates finished third.

Preneet, wife of former chief minister Amarinder Singh, won over her nearest SAD rival by a margin of over 23,282 votes, an election office spokesman said.

Kaur polled 52,967 votes, SAD nominee Bhagwan Dass Juneja 29,685 and AAP candidate Harjit S Adaltiwala 5,724 votes.  AAP’s candidate lost his security deposit, an election office spokesman said.

Patiala’s SAD candidate Juneja not only lost the poll, his son died of cardiac arrest last night.  Keeping this in mind, Preneet canceled her victory procession and expressed sympathies with the bereaved family.  In Talwandi Sabo, SAD’s Jeet Mohinder Singh Sidhu won by a margin of 46,642 votes against his nearest Congress rival Harminder Singh Jassi, a former Congress MLA and close relative of Haryana’s Sirsa-based Dera Sacha Sauda sect Gurmeet Ram Rahim Singh.

According to an election office spokesman, Sidhu polled 71,747 votes, Jassi 25,105, AAP’s Baljinder Kaur 13,899.  Balkar Singh, who was first declared as party candidate by AAP and later replaced by Baljinder Kaur, polled 6,305 votes.

Sidhu was once a close associate of Amarinder Singh.  While a total of eight contestants fought for Patiala seat, seven candidates contested from Talwandi Sabo.  Both the seats witnessed a triangular contest between SAD, Congress and AAP.

In the 117-member Punjab Assembly, ruling SAD’s strength had increased to 57 MLAs, while its ally BJP has 12, Congress moved to 45 members and independents three. 

After the results, SAD fell one short of getting simple majority as it needed a win on both the assembly seats for it.  SAD has alliance with BJP in the state.

The by-polls to the two seats were held on August 21.  While Talwandi Sabo, which falls under Bathinda Lok Sabha constituency from where Sukhbir’s wife Harsimrat Kaur won, had witnessed 82.34 per cent turnout, 60 per cent polling was recorded in Patiala seat, a traditional bastion of Patiala royal family of Amarinder.

Meanwhile, reacting over the by-poll results, Punjab’s AAP spokesman H S Phoolka said that the party welcomes the peoples’ verdict.

“AAP is there to provide an alternative to the people and also clean politics...it is for the people to decide what they want,” he said, adding that AAP was not greedy for posts.  “People wanted change in the political system that is why the AAP existed,” he said.

Both Preneet and Sidhu asserted that they would fight for the cause of their respective assembly segments in the Vidhan Sabha.

Ind vs Eng: Team India seeks fresh beginning in ODI series against England

PTI [ Updated 25 Aug 2014, 07:29:59 ]

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Bristol: Their morale battered by the Test series debacle, India would look to make a fresh beginning and salvage lost pride when they take on England in a five-match ODI cricket series starting here.

     
On one hand, the Indians will be distracted by the 1-3 series loss in the Test series prior and will want to do well in the ODIs, on the other, they will also need to balance their approach keeping next year's World Cup in mind.
     
That tournament, to be hosted by Australia and New Zealand, is now just six months away. From here onwards, every ODI played by the Indian team will be a preparatory step towards defending their 2011 crown Down Under.
     
And to do so, they will be evaluating players in the three ODI series between now and the World Cup here in England, at home against West Indies and then the tri-series on the Australian tour.
     
Already, the Indian selectors have taken stock of the situation at hand and the 17-man squad is a reflection of their thoughts. Sanju Samson and Karn Sharma represent their line of thinking in that the squad will need an additional wicket-keeper as well as a probable third spin-bowling all-round option.
     
But there is a question-mark over how many opportunities these two youngsters will get in the current five-match series. This is because the middle-order and
all-round/spin-option slots have enough contenders at the moment.
     
Starting with the latter, Ravindra Jadeja and R Ashwin will fill up the two spin options in the playing eleven. Earlier this year in New Zealand, in the fourth ODI at Hamilton, Stuart Binny was introduced as an alternate and his exploits in Bangladesh showed that he will remain one in conditions that assist swing.
     
However Indian skipper Mahendra Singh Dhoni is a little circumspect about using four medium pace options as it slows down the over-rate. It will be interesting to see if he will opt for two spinners straight-away, irrespective of conditions in Bristol, given that Binny didn't get to bowl in the warm-up game against Middlesex on Friday.
     
On that day, Bhuvneshwar Kumar and Mohammad Shami bowled short spells and it was a clear sign that the team management wanted to preserve them before things get heated. 

How to decide the right flat size for your family?

Arvind Jain [ Updated 25 Aug 2014, 15:54:29 ]

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New Delhi: With lots of choices available in the market, picking up the appropriate flat size is tougher than ever. This is largely because of the fact that home purchase is rarely, if ever, done without consulting others. 

The result is while you may feel that a 1 BHK is perfectly adequate for your current needs, your family, friends and colleagues may be of the opinion that you can and should purchase a larger unit. Here are some guidelines to help you resolve the confusion.

As of now, Indian families are divided into two broad buckets - the joint family and the nuclear family. Though the joint family system is made up of more than just one family, there tends to be a high degree of overlap between these units. Members of individual families engage in a lot of inter-unit socializing, and there are a lot of shared responsibilities related to children and elders involved. If you belong to a joint family and firmly believe in the related values that you have grown up with, a larger home is definitely a wiser choice. 

The nuclear family is a fairly recent introduction on the Indian socio-cultural landscape, but it is now a rapidly growing trend. Nuclear families develop as independent units that have little or even no overlap with a larger family configuration. Inherently small, they either have one income earner or are dual-income households. 

When a young couple wherein both the wife and husband are earning members applies for a home loan, they often find themselves on the receiving end of determined efforts by brokers and housing finance companies to convince them to opt for a larger flat. "Why limit yourself to a 1 BHK when you can easily afford a 2 BHK?" is the argument put forth. A small nuclear family should not be influenced by such reasoning. Rather, they should take such a decision only on the basis of:

• How many children they intend to have 

• Their preferred style of socializing - some families place more value on privacy, while others get more satisfaction out of having a lot of people over frequently 

• Their financial plans and aspirations other than home purchase. Do they plan to do a lot of traveling? Will they want their children to have the opportunity to study abroad? Is early retirement an attractive proposition? Financial preparation for such plans will have to start early on.

There are also other factors to take into consideration while deciding on what size of flat to take. A larger flat definitely offers more living space and therefore convenience. However, apart from the higher capital cost, it also entails more effort and expense to maintain. A young couple without children and at the start of their respective careers may not wish to allocate a lot of money towards hiring outside help, and may even prefer to do a lot of household chores themselves.

Finally, India has also seen the emergence of the ultra-independent young single who has no immediate plans to marry and is fully focused on his or her career. Unless they happen to already be in a very high pay bracket, a larger home at this point in their life may turn out to be nothing but a millstone around their neck. 

A flat should be chosen on the basis of current requirements and financial ability - 'right sizing' is definitely an operative concept. A larger flat should ideally be the result of upgrading rather than initial choice, since upgrading is always an option for people with upward mobility. 

A 2 or 3 BHK is definitely the right choice to make towards mid-career. By this time, the children have arrived, their education is fairly well mapped and there is good oversight of all financial aspects. This period, and the period close to retirement, is the ideal point in time to decide on the family's final home. In most cases, bigger is definitely better at such a point.

(Arvind Jain is Managing Director of Pride Group)

India's 5 best IT companies in 2013

New Delhi: India’s IT industry which grew from nothing to $100 billion in 20 years ago, is perceived to be passing through a tough phase given the declining margins amid global economic uncertainty. The IT and allied services sector, has gained scale and prominence through on-time project delivery, deep domain knowledge, and solidified reputation for delivery of complex business-centric IT projects. 

The Indian IT industry has achieved a phenomenal growth of an estimated $ 108 billion in 2013 from an $8 billion in 2000. The industry took advantage of the vast pool of highly skilled resources available at low cost, and rode on the wave of application development and BPM services to spread its wings.

According to a CII report, newer technologies such as social media, analytics and cloud computing (SMAC) will help India’s IT-BPO industry cross $225-billion-mark in revenues by 2020.

Wondering which are the best IT companies? Here is the list: 

1. TCS

Revenue: 48426.14 Cr
 

Tata Consultancy Services (TCS) is one of the largest provider of information technology (IT) services, business solutions and consulting company headquartered in Mumbai. At present, TCS has about 2,76,000 employees across the globe. After the recent rally in its stock price, Tata Consultancy Services (TCS) is now the world’s second-most-valuable IT services company — ahead of Accenture and Hewlett-Packard but behind IBM. 



The Indian firm is currently valued at around $60 billion, compared with Accenture’s $50.5 billion and HP’s $43 billion. TCS, which accounted for nearly 47 per cent of the IT industry’s combined market cap and nearly four-fifths of the total net profit of listed IT companies on the BSE-500 index last financial year, is miles ahead of its Indian peers. Five years ago, the company accounted for 28 per cent of the total market capitalisation of the IT industry. Analysts attribute TCS’ success to its execution capability and its wide presence in key geographies.

2. Infosys

Revenue: 36765 Cr
 
Founded in 1981 by Narayan Murthy, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora, Infosys today is a household name and one of the biggest brands in the field of IT. It is headquartered in Bangalore, India. 



It employs 155000 people across India and the world. As of march 2013, Infosys had $30.8 billion market capitalization and is India's sixth largest publicly traded company that provides IT solution, software engineering and outsourcing services. 

3. Wipro

Revenue: 31682 Cr
 
Bangalore-based Wipro is India's third largest software provider Wipro, The company has over 145,000 people across the world who are serving over 900 clients. 



It has presence in 53 countries and offer services such as Systems Integration, Consulting, Information Systems outsourcing, IT-enabled services, and R&D services.

4. HCL Technologies

Revenue: 8907 Cr
 
Global IT service major offers services like software-led IT solutions, remote infrastructure management, engineering and R&D services, and business process outsourcing (BPO). 



HCL is spread across 31 countries with about 90,000 employees across the world. Anant Gupta is currently serving as the president and CEO of HCL technologies.

5. Mahindra Satyam

Revenue: 5964 Cr
 
Mahindra Satyam offers services such as software development, system maintenance, packaged software integration and engineering design services. 



In 2013, Mumbai-based Mahindra Satyam was merged with Tech Mahindra.