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Sambhar Mafia - Cooked To Kill!

Thursday, August 04, 2005

Is I-flex India’s biggest software company?

The Indian business press has extensive coverage of Oracle’s acquisition of a majority stake in I-flex Solutions. Most of you might be knowing that I-flex used to be called as CITIL (when Citigroup had a majority stake in the firm) and then they changed the name to I-flex to enable them to tap the stock market (when Citi divested its stake).

NYT has an article covering this acquisition and they say that I-flex is India’s biggest software company. Haven’t they heard of a company called TCS? Did they mean that I-flex is India’s largest software company in the BFSI domain? Coming from an Indian journalist covering an Indian company, this is simply unacceptable.

posted by Kaps at 10:15 AM

9 Comments:

  • Maybe he meant - The largest Indian s/ware co. where an American firm has a majority stake. :))

    By Anonymous Anonymous, at 11:07 AM  

  • Anil,
    I don't think so. it clearly says India's largest software company.

    By Blogger Kaps, at 11:24 AM  

  • Kaps

    I believe IFlex is the largest software product/s company in terms of revenue from its prodcuts..

    By Blogger Ram Viswanathan, at 12:19 PM  

  • Ram,

    Point noted. But there is a fine line of difference between a Software products company and a software company. IMO the NYT article is misleading.

    By Blogger Kaps, at 12:22 PM  

  • TCS is ranked the 14th in the world among software companies, it is the sixth on the basis of net income, ninth on the total number of employees and 14 on revenue basis. Can u really believe that i-flex beats TCS on at least one of these?

    By Blogger DD, at 12:34 PM  

  • btw the stats in my prev comment courtesy
    http://www.business-standard.com/bsonline/storypage.php?&autono=195102

    By Blogger DD, at 12:35 PM  

  • I think they meant largest " Software product" co..TCS,Wipro,Infy would fall under IT services ..( Remember Oracle is the world's second largest software co ). Note, IBM isn't a "software co" though its bigger than Oracle.

    By Blogger Cogito, at 1:45 PM  

  • @DD,
    Thanx for the BS article.

    @Cogito,
    If they meant software product company they should have stated so. As per the nomenclature used by international media, Infy, Wipro and TCS are classified as IT services or Outsourcing firms.

    By Blogger Kaps, at 12:56 AM  

  • There is a famous saying - "When I say a word, it means whatever I want it to mean".

    -Ashwin.
    www.bfsiforums.com - The online community forums for the Banking, Fin Svcs, and Insurance world.

    By Blogger BFSIFORUMS, at 7:42 PM  

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