Genpact is top IT, BPO firm: Nasscom

Genpact has occupied the top slot in a list of top 15 third-party ITeS/BPO companies released by Nasscom today. It is followed by WNS and Wipro BPO.

The rankings are based on the revenues for 2005-06 reported as per the annual Nasscom survey of IT industry performance.

A few companies (e-funds, Sutherland Global Services) did not provide their India revenues, as reported to STPI, a Nasscom release said.

According to the survey, in FY 2005-06, the Indian ITES/BPO segment grew by 37 per cent, contributing $6.3 billion to the total software and services exports of $23.6 billion.

"If the global revenues of such firms had been considered, they would have featured in the top five companies," the statement added.

"In 2005-06, the industry size and growth exceeded our forecast, reflecting strong demand. The entire software and services industry is expected to record revenues of $36-38 billion in FY07. We expect the ITES-BPO segment to continue its growth momentum and expect exports to cross $8 billion during FY07," Nasscom President Kiran Karnik said in a statement.

He said the growth in the sector was being driven by steady increase in scale and depth of existing service lines, addition of newer vertical-specific and emerging niche business services and continued expansion of service portfolios and higher value processes.

Karnik said going ahead, the industry was likely to continue to witness an increase in M&A activity which could lead to a significant consolidation in the BPO industry, in the process creating world-scale players.