Should India be able to decouple itself from US Subprime Impact?

Friday, November 2, 2007

It's Cub League

Living under the shadows of India’s much lionised IT giants, Infosys, TCS and Wipro can be tough. For companies outside this club, there’s the constant pressure of being compared with the Big Three. HCL Technologies, Satyam, and Cognizant have now breached the $1 billion revenue mark — but they’re still considered to be in the cub league.
There’s constant speculation about Satyam and HCL being taken over by larger firms and apprehensions about Cognizant’s ability to sustain its breakneck growth. While HCL’s restructuring act in 2005 and 2006 was considered a move aimed at sprucing up the balance sheet for a potential selloff , Ramalinga Raju, CEO of Satyam, had to forcefully deny rumours that the company was a takeover target for IBM in an analysts conference.

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