SISL Infotech Emerging as Key IT Player as Young Firms Eye Bigger Role
India’s first tech revolution began some 30 years ago, when a handful of engineers brainstormed and emerged with an implausible initiative of doing back-office IT work for western firms. Today, that outsourcing industry is a capitalist wonder. It has annual sales of $100 billion, mostly from abroad, and these export earnings have been vital in a country with a weak balance of payments.
The Indian IT story is a marvel today. Indian providers have become the information technology partners of large companies in the developed world as they redesign their processes and systems. Industry experts say the key factor has been the emergence of new organisations, bringing in a breath of fresh air with innovation and cutting-edge ideas. The emergence of young entrepreneurs in the IT sector is adding muscle to the industry, consequently contributing to the expansion of its influence.
NASSCOM expects the industry to clock export revenues of USD 84-87 bn, maintaining a growth rate of 12-14 per cent. Domestic revenues will also grow at a rate of 13-15 per cent and are expected to reach INR 1180-1200 bn in FY2014.
“The Indian IT industry has demonstrated resilience and dexterity in the past year. Information Technology has today become an integral enabler for growth across all sectors and the industry is continuously evolving and innovating to emerge as a strategic partner to its customers,” said Akash Nangia, co-founder of SISL Infotech Pvt. Ltd., one of India’s up-and-coming IT reseller companies.
SISL Infotech Solutions offer end-to-end IT consulting services, including Software Development Services, Engineering Services, Systems Integration, ERP Solutions, Customer Relationship Management, Product Development, Electronic Commerce, Consulting & IT Outsourcing.
In Feb 2014, SISL Infotech Pvt. Ltd. was awarded as the best emerging new firm in the Asia pacific & Japan region by a leading global industry giant, Vmware. The event was attended by representatives/officials of leading corporate firms such as Airtel, I mac, Times group and Govt. department such as NIC & NICSI.
The Delhi-based SISL Infotech has partnered with technology giants like IBM, Microsoft, Blackberry, Oracle, Adobe, Cisco, HP, SAP and VMware. Presently, 80 % of the organization’s revenue comes from the Govt., to which it is providing quality IT services of varying nature.
The emergence of new players is critical to India’s continual growth story.
“A thriving ecosystem of early-stage funding, incubation and peer learning is creating innovative start-ups, building technology solutions and products for India and the global market. Initiatives like creating a strong and robust environment for start-ups, innovation clusters and centres of excellence (CoEs) will encourage entrepreneurship and build the next generation of Global companies from India,” said an industry expert.
Younger organizations tend to build on sustainable practices in order to offset the risk and uncertainties amidst the global volatility in market practices. Akash Nangia further pointed out, “No is absolute, it’s the relative risk which needs be quantified and assessed while building sustainable practices.
Today, existing and new companies are expanding their offerings to build India as the hub for analytics, mobility, cloud, social collaboration and emerging verticals like healthcare and medical devices. It is expected that FY2014 will be characterised as the year of rapid transition and transformation, leading the industry into expanding into newer verticals and geographies, attracting new customer segments, and transforming from technology partners to strategic business partners.
ABOUT SISL Infotech Pvt Ltd
SISL Infotech Pvt. Ltd. is an ISO 9001:2008 certified provider of specialty IT services. Under the astute leadership of Akash Nangia, SISL Infotech Solutions offer end-to-end IT consulting services using the best practices in the industry. They provide Software Development Services, Engineering Services, Systems Integration, ERP Solutions, Customer Relationship Management, Product Development, Electronic Commerce, Consulting & IT Outsourcing, helping customers to produce more; better, faster, and at a lower cost, while simultaneously and continuously finding ways to add value to their business environment. They provide tailor-made solution to the clients by understanding their enterprise-wide IT needs and bringing together the wide range of products available from across the OEM network