Word: wipro
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...market. Compare that with India's bustling IT-outsourcing industry, where the top 10 firms capture 45%. Smaller firms mean lower margins, since projects aren't big enough to reap economies of scale. Yet Chinese firms show little interest in consolidation mergers. There is no Infosys or Tata or Wipro of China, at least not yet. --By Barbara Kiviat
...products. Philips, the Dutch consumer-electronics giant, develops and tests software for DVD players and flat-screen TVs. General Motors opened a research lab, its first outside the U.S. Others without wholly owned R.-and-D. labs are parceling out discrete pieces of research to Indian firms such as Wipro Technologies, which increased its R.-and-D. business 55% last year. "[Clients] are not doing their core-competency product engineering with us, but there's a lot of work around it," says Wipro Technologies' CEO, Vivek Paul. For example, Wipro might handle the documentation and testing of new software...
...their products. Philips, the Dutch consumer-electronics giant, develops and tests software for DVD players and flat-screen TVs. General Motors opened a research lab, its first outside the U.S. Others without wholly owned R&D labs are parceling out discrete pieces of research to Indian firms such as Wipro Technologies, which increased its R&D business 55% last year. "[Clients] are not doing their core-competency product engineering with us, but there's a lot of work around it," says Wipro Technologies' CEO, Vivek Paul. For example, Wipro might handle the documentation and testing of new software or create...
...had already seen his American Dream come true. He arrived in the U.S. from India as an M.B.A. student in 1980, worked hard, married, started a family and rose to a top job at GE, having been recruited by Jack Welch himself. Then, in 1999, Azim Premji, chairman of Wipro, an Indian conglomerate, called him back to India. He asked Paul, a former water-polo captain, to take over his software unit, Wipro Technologies. "He said, 'You can build another skyscraper in New York,'" Paul says, "'or you can build a completely new thing in India.'" Paul took the challenge...
...helps that the stigma once associated with "made-in-India" goods and services is evaporating, thanks to the success of software outsourcing giants such as Infosys and Wipro. "Earlier, you had to spend most of your time selling India and a little time selling your company," says Biren Ghose, CEO of Bombay-based Animation Bridge. "Now, I don't have to sell India. I can start selling my company straight away." Because of globalization, cultural differences that affect production values?the look and feel of programs?are rapidly disappearing, too. "Ten years ago, when Bugs Bunny said, 'What...