GECs
Indian IT software and services grow by 31.4% in FY 05-06
Exports grow by 33% to clock revenues of USD 23.6 billion
Domestic market revenues grow by 24%
Indian IT software and services industry forecast to register strong growth of around 25-28% in FY 06-07
Bangalore, June 01, 2006: NASSCOM, the chamber of commerce and “voice” of the IT software and services industry in India, today announced the findings of its annual survey on the performance of the Indian software and services industry (excluding hardware) and the outlook for FY 2006-07.
As per the NASSCOM survey, the Indian IT-ITES industry has recorded 33% growth in exports, clocking revenues of USD 23.6 billion in FY 2005-06, as compared with export revenues of USD 17.7 billion in FY 2004-05. FY 2005-06 also saw the overall Indian IT-ITES industry (including domestic market) growing by 31% registering revenues of USD 29.6 billion, up from USD 22.5 billion in 2004-05.
Of the total IT-ITES exports in FY 2005-06, IT software and services grew by 33%, registering revenues of USD 13.3 billion; while ITES-BPO segment clocked revenues of USD 6.2 billion, recording a growth of 37%. Engineering services and product exports grew from USD 3.14 billion in FY 04-05 to USD 4 billion in FY 05-06. Domestic market clocked revenues of USD 6 billion in FY 04-05 from USD 4.8 billion in FY 05-06.
NASSCOM has projected overall software and services will grow by 25-28% clocking revenues of USD 36-38 billion in FY07. IT-ITES exports are likely to grow by 27-30% in FY 06-07, posting revenues between USD 29-31 billion.
Mr. Kiran Karnik, President, NASSCOM, said, “The excellent performance of the Indian software and services industry once again reinforces our confidence that the industry is on course to meet the projected target of USD 60 billion exports by FY 10, as projected in the NASSCOM McKinsey Report. This growth is also reflected in the employment trends, both direct and indirect which according to our estimates is to the tune of 4.3 million.
“With less than 10% of the market currently addressed, a large market opportunity exists for the sector which will ensure sustained demand led growth. Factors like evolution of global delivery model, unbundling of large IT outsourcing deals with larger India based delivery shares, and the large contract values due for renewal over next two years are some of the positive indicators for the sector. In the last year India’s strength has emerged through large client wins, cross-border mergers and acquisitions, movement of the industry towards stable pricing model and a gradual positive shift in the outsourcing debate”.
“However, along with the opportunity, there are a challenges that call for focused efforts. These include concerns about the quality and skill sets of graduates, infrastructure, maintaining the attractiveness of India for IT investments and steps to boost the domestic market”, he added.
GECs
ZEEL overhauls sales structure to chase growth across TV and digital platforms
New structure sharpens digital push as viewing habits fragment fast
MUMBAI: Zee Entertainment Enterprises Ltd. is reshuffling its sales playbook as it looks to keep pace with a fast-changing media landscape, where audiences are scattered, screens are multiplying and advertisers are following the data.
According to media reports, the rejig is anchored in the company’s push to build a more integrated, data-led monetisation engine, one that can straddle both traditional television and fast-growing digital platforms with equal ease.
At the heart of the move is a reworked sales architecture designed to deliver cross-platform solutions. With connected TV gaining ground and digital consumption surging, ZEEL is aligning its teams to move quicker, think broader and sell smarter.
The restructuring is being led by chief operating officer, advertisement revenue, Sandeep Mehrotra, at a time when the company says it is seeing tremendous growth. The idea is simple: match the right talent to the right opportunity in a market that is anything but static.
As part of the overhaul, several long-serving executives have been elevated to chief sales officer roles across regions and content clusters. Sanjoy Chatterjee will head the east market, while Gunjarav Nayak takes charge of the west along with high-margin verticals such as hmg, brand works, intellectual properties and digital sales. Rajnish Gupta will oversee bengaluru and chennai markets alongside the kannada and tamil clusters.
In other key moves, Divjyot Dhanda will lead hyderabad and kochi markets and manage zee tv, zee keralam and the telugu cluster. Roshan Vasu Kotian will supervise a diverse portfolio including Zee Marathi, &tv, Zee Punjabi, Zee Anmol, Big Magic and Zee Biskope.
The company is also strengthening its bench, appointing national sales heads across retail, regional clusters, digital and brand solutions. Ankur Kapila’s appointment to lead digital sales signals a sharper push into a segment that continues to outpace traditional formats.
Behind the scenes, dedicated strategy and operations roles have been carved out for both linear and digital businesses. Nitin Shetty, Rajkiran Shrivastav and Priya Nambiar will take on key responsibilities to ensure the new structure runs with precision.
The broader aim is clear. ZEEL wants a bigger slice of advertising budgets that are steadily drifting towards digital and connected TV ecosystems. By integrating its offerings, the company hopes to deepen client relationships while unlocking new revenue streams.
The new structure takes effect immediately, with Mehrotra continuing to report to chief executive officer Punit Goenka and steer the company’s advertising revenue strategy. Senior executive Laxmi Shetty will support the transition, with her revised role expected to be announced soon.
In a market where content is everywhere but attention is scarce, ZEEL’s latest move is less about rearranging the org chart and more about staying in the game.
