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Capgemini Technology Service India Growth
Capgemini Technology Service India Overview: •
Capgemini Technology Services India Limited (CTSIL) formerly known as IGATE Global Solutions Limited was on incorporated on 27 December 1993.
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CTSIL provides customized and packaged application development, application maintenance outsourcing, business intelligence services and application re-engineering through large offshore development centers in Bengaluru, Chennai, Pune, Mumbai and Hyderabad. The name of the Company was changed from IGATE Global Solutions Limited to Capgemini Technology Service Upcoming IPO w.e.f. December 16, 2016 Currently, Mr. Srinivasa Rao Kandula and Mr. Ashwin Yardi are the Chairman the Chief Executive Officer, respectively.
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The revenue for the financial year 19-20 was INR 15,303 Cr. as against INR 14,042 Cr. for the previous year, which is approximately a 9% increase over the previous year The Company earned strong profit after tax of INR 1,570 Cr. as against INR 1,574 Cr. in the previous year The company’s EBITDA margin have improved from 18.6% for the year 2018-19 to 20.8% for the year 2019-20.
Capgemini Technology Service India Industry Overview Industry Statistics Introduction: •
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The IT industry accounted for 8% of India’s GDP in 2020. Exports from the Indian IT industry are expected to increase by 1.9% to reach INR 10,80,000 Cr. in FY21. In 2020, the IT industry recorded 138,000 new hires India is the leading sourcing destination across the world, accounting for approximately 55.0% market share of the INR 14,40,00018,00,000 Cr. global services sourcing business in 2019-20.
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