Rank 25: Tata Infotech: Blow Hot, Blow Cold

Tata Infotech had a bad run in fiscal 2001-02. Revenues dropped 7.6%

to close the year with figures of Rs 483.8 crore, and net profits also slipped

by 22.7%–the fall primarily came in from sagging software exports (down Rs 48

crore), while domestic software sales remained flat. It was hardware exports

that was the find of the day–growing to nearly Rs 37 crore. Tata Infotech won

MAIT’s ‘Award for Excellence in Hardware Exports’ this year.

Performance Highlights Hardware exports are a notable growth area for the company, having increased 33%  Offers managed services, high-end facilities management Startup: 1977 l Products & services: Software Development, Systems Integration, Education and Manufacturing l Employees: 3201 l Branches: 29 l Address: Manish Commercial Centre, 216-A, Dr Annie Besant Road, Worli, Mumbai-400025 l Tel: 4933560 l Fax: 4950318 l Website: www.tatainfotech.com

The company has been weak in the software exports sphere for the past few

years–this time around, in the year of the slowdown, it could not pull off

even marginal growth. It systems integration and customized software development

in the domestic space. It began managed services in association with iServ

India, and bagged a Rs 9-crore order for systems maintenance and facilities

management from Air-India. Amongst export orders was an integrated tax solution

built around its own product, TaxMantra–an order worth $1.5 million from the

City of Tempe, Arizona.