Tata Infotech: The Last Hurrah

Tata Infotech would probably not feature in this list next year following the

recent announcement of its merger into TCS. It now seems a little ironic since

FY 2005 was the turnaround year for the company (40% up in profits). The

architects of this turnaround were Charles Anthony, who was brought in from

Motorola US as the COO (he moved to TTSL), and Pauroos Karkaria, executive

director and CFO.

Revenue from SI services grew by 70% to reach Rs 815 crore. The domestic

drive came from the execution of Asia's largest NI project (broadband rollout

for a major telco) and the set-up of a nationwide messaging network for

Department of Defense. International growth came from the Canada subsidiary

Exegenix. The manufacturing segment grew 20% to reach Rs 130 crore-the Goa plant

was involved in contract manufacturing of ATMs, cash dispensers and bill payment

kiosks called Sevak.