The DQ 61 - 70

Rank - 61 : iGATE

Despite recessionary challenges, in the first two quarters, gross profit
margin increased to 39.1% due to enhanced contribution of higher-margin business
and increase in resource utilization. While key wins like ERP support for a
global construction company and BI project for a building materials company, as
well as building IP for iTOPS solutions in mortgage helped, this was achieved
more due to prudent management of SG&A expenses. Key senior executives from
diverse industries like David Kruzner, Patrick Burke and Ari Aaltonen too came
on board.

Rank - 62 : CORE Projects & Technologies

In FY10, CORE Projects was a big winner in school management solutions. It
bagged the Maharashtra Government project(120 crore) for a period of five years,
for providing computer infrastructure in 947 schools; and from Karanataka State
Open University to implement FAIMits admissions and examinations management
system. COREs US arm bagged a $24 mn contract from the Los Angeles Unified
School District to design and implement an assessment program for 7 lakh
students. The acquisition of K12 division of Princeton Review was a big win.

Rank - 63 : Bartronics India

The results were exceptionalnot just the topline, but a five-fold increase
in the bottomline. Bartronics also became the first RFID company to be certified
by ICAR; it also received three patents from the US Patent Office for RFID
wristbands to be used in applications from healthcare to leisure and
entertainment. Subsidiaries too blossomed. Bartronics Asia bagged a RFID project
from Avitar Group for developing mobile phone distribution warehousing
application. The five associate banks of SBI awarded the Smart Card based
project to Bartronics for providing customers a biometrically configured
contact-less smart card.

Rank - 64 : Genpact

The acquisition of High Performance Partners (mortgage industry solutions)
and Symphony Marketing Solutions (data analytics services) bolstered the IT
contribution to the overall Genpact pie. However, revenue from the IT business
declined to 14.8% (of total net revenue of Genpact) in JFM from 16.9% in the
corresponding quarter of the previous year. This was due to the continued
reduction in spending on discretionary IT projects as well as a reduction in
prices, though it was partially offset by new global client wins in India and
growth in China and the Netherlands.

Rank - 65 : Rashi Peripherals

Systems (HP, Asus) and peripherals (HP, Asus, Logitech, APC, SanDisk, Sony)
continued to remain Rashis mainstay (93% revenues). New principals like
Microsoft, A-DATA and Fujitsu contributed to the toplineparticularly the
Microsoft business, after Ingram and Redington refrained because of the software
double taxation confusion. Rashi was appointed by Targus as its national
distributor. Though the company has more than 9,000 partners across 425 towns
and fifty-three branches, the southern region accounts for 31% of its revenues.

Rank - 66 : Headstrong India

Even though the biggest chunk of revenues came from Wall Street, Headstrong
revenues remained flat. The profits however jumped 40%, with the company
capitalizing on layoffs by financial institutions, a move that worked well in
FY10. Headstrong acquired iX Partners, a consulting firm for global asset
management providers, both for its domain knowledge and client base as well as
Lydian Data Services, a mortgage BPO provider. While India business remained
flat, Japan was active for Headstrong. However, India is high on priority in the
coming year, made clear by the appointment of a new head for APAC, Puneet
Pushkarna as well as a new CEO Sandeep Sahai.

Rank - 67 : TPV Technology India

There was a 29% dip in TPVs overall revenues. The saving grace came from its
AOC brand as it managed to move to number two position with a 12.1% market
share. TPV also ventured in the competitive PC business launching its
All-In-One PCs, and is relying on its channel strength to garner market share.
Its monitor TV range launched in 2008 saw good demand, selling on an average
10,000 units. While it did not add any new channel partners, around 1,000
dealers came on board taking the total to 2,500 dealers.

Rank - 68 : Sai Infosystems

In FY10, Sai made all the right movesbagging video phone and
videoconferencing services projects in association with BSNL, and hitting the
capital market. It launched the video phone services in a phased manner
throughout north and west. This service was first provided on an experimental
basis for six months and then officially launched in Gujarat. Being Intels
leading white-box partner, Sai not only assembled a wide range of servers
including blades, but exported more than Rs 40 crore worth of servers too.

Rank - 69 : Mastek

The dip in revenues was primarily owing to lower income generated from the
BT/NHS engagement where project development revenues fully ramped down in the
JAS Q2 quarter as well as adverse foreign exchange conditions (mainly due to
translation losses in pounds denominated inflows from UK). The UK contribution
subsequently came down from 65% to 52%. Notwithstanding these setbacks, Mastek
focused strongly on its products, particularly in insurancethe partnership with
Capita in UK moved to the next phase with Capita standardizing on Elixir for its
customers. A DQ Top50, Mastek was out this year.

Rank - 70 : Xenitis Infotech

Since FY09 Xenitis had been focusing on OEM supply, and with that
contributing 90% of its revenues the company pulled off its brand Aamar PC from
the market. However, in FY10 Xenitis decided to make a comeback by relaunching
Aamar PC. The move came in after Xenitis planned to revamp its production
capacity in its plant in Subarna in Hooghly district of West Bengal. In this
endeavor, Xenitis launched four new desktops beginning with Core2 Duo to Core i3
processors in the price range of Rs 12,000 to Rs 22,000. Xenitis currently has
65 channel partners across West Bengal, with its primary focus on areas in
downtown Kolkata, Siliguri-Jalpaiguri belt and Burdwan-Bankura region.