Bengaluru: Dun & Bradstreet (D&B), the world’s leading provider of global business information, knowledge and insight, today announced and presented the ‘Dun & Bradstreet – Aircel CTO Awards 2009’ in Bengaluru. The occasion also marked the launch of the premier Dun & Bradstreet India (D&B India) publication, CTO Black Book 2009 by Mr Arun Thukral, Managing Director, Credit Information Bureau (India) Ltd., who graced the occasion as the Chief Guest, while Mr Alok Bharadwaj, Senior Vice President, Canon India, Mr. Alok Kumar, Head – Operations & Customer Support – Enterprise & Data Business, Aircel Business Solutions and Mr. Ramachandra Murty Yadavalli, Head – Marketing – Wipro IT Business – India, Middle East & Africa, delivered the key note address at the event.
This award is an effort by Dun & Bradstreet to identify and applaud the outstanding performance of CTO/CIO or the respective IT head of a company who have taken initiatives and achieved breakthrough results for the company through an IT innovation.
The award will focus on any significant IT initiatives taken by individuals, who have helped to bring out a remarkable improvement either in process, delivery model and/or new business idea (new product or service development) for their respective companies. The awards will be given to the CTO/CIO from the 7 sectors which include BFSI, Telecom, manufacturing, healthcare/pharmaceutical, logistics and transportation, retails and ITeS-BPO. The list of award winners is appended in the end.
Speaking at the Awards ceremony, Mr. Kaushal Sampat, President & CEO – India, Dun & Bradstreet said, “ The Indian IT industry has played a significant role in the country’s economic growth over the past one and half decades, with a notable contribution to the country’s GDP. The tremendous success that this sector has seen has not been achieved without surmounting various challenges. The CTOs who have made it to the esteemed list of award winners possess a stellar track record of rapidly transforming technological inventions and innovations into business value. These CTOs have proactively engaged business leaders in identifying and capturing new market opportunities using cutting-edge technologies during the slowdown. They have strived to harness technology to continually transform their firm’s products, services, processes, and business models. I would personally like to applaud the performance of each of the award winners tonight”.
About Dun & Bradstreet’s CTO Black Book 2009
The global IT industry witnessed the repercussion of the global economic crisis that slowed down growth in worldwide IT spending to 2.9% in 2009 as compared to 7.3% in 2007. IT services, which form the single largest segment (37.8%) of the total global spending on information technology, remained stagnant during 2009 as compared to 6% growth registered in 2007.
The first edition of Dun & Bradstreet’s ‘CTO Black Book 2009’ provides an overview of the recent trends in the Indian IT industry along with profiles of 164 IT companies. The publication also consists of an insight on the financial performance of 128 listed Indian IT companies from the IT services and hardware segments. These 128 companies were selected based on the availability of their comparable financials for the past five years as well as their 365 days average market capitalization as on 31 Mar 2010. Based on the nature of the IT industry, the selected companies were further classified into large, medium and small based on the widely-used 80:15:5 principle on their market capitalization.
The repercussions of the global economy crisis was felt on Indian IT industry as the sample IT companies grew at a slower rate of around 23.8% in FY09 as compared to average annual growth of over 32% recorded in the preceding three years.
Some key findings from the insights include:
• Small cap companies were the worst hit as their share in the total sales declined from 13.6% in FY05 to 11.2% in FY09. This decrease in market share was mainly due to pricing pressure and competition from large cap companies resulting in decrease in exports
• Aggregate exports accounted for approximately 79% of the overall sales in FY09 of the sample IT companies
• In the tough times, managing cost becomes priority to keep margins intact. The mid cap companies have done better compared their counterparts in managing total expenses during FY09. The total expenses for mid cap companies grew by 16.7% in FY09 as compared to 25.7% and 29.8% for large cap and small cap companies respectively
• During FY09, employee compensation constituted around 49.6% of sample IT companies, in which large IT companies spent 57.7% of their total expense on employee compensation whereas mid-sized companies spent 38.8%
• Growth in employee compensation of mid cap companies slowed down from 33.2% in FY08 to 14.3% in FY09 – an indication of some aggressive cost control measures undertaken by these companies
• Average net worth of the IT companies grew at a CAGR of 34.1% during FY05-09
• During the nine month period Apr- Dec 2009, overall sales of the sample IT companies grew by 5.9% on a y-o-y basis. Expenses, on the other hand, grew by 1.6 % which helped IT companies to achieve an impressive 21.9% growth in net profits during this period
• Net profit margin of the sample IT companies during Apr-Dec 2009 was approximately 22.1% as compared to 19.2% during the corresponding period in the previous year
On a positive note, the Indian IT industry has emerged more resilient and focused from the global financial crisis and are increasingly adopting more innovative business model to expand their market share.
‘CTO Black Book 2009’ has attempted to capture the essence of India’s IT sector. D&B India is confident that the publication will provide the right platform for the Indian IT industry, and will continue to endeavour towards recording the changing dynamics in the Indian IT industry.
List of Award winners:
Sr.
No Award Winner Company Name Sector Category
1 Srinibash Sahoo D S P BlackRock Investment Managers Private Limited BFSI / NBFC Delivery Excellence
2 Shashi Kumar Ravulapaty Reliance Capital Limited BFSI / NBFC New Product Development
3 B R Bhat Corporation Bank BFSI / NBFC Process Excellence
4 Shashi Kumar Ravulapaty Reliance Capital Limited BFSI / NBFC Overall
5 Anantbhushan Pundlik Wyeth Limited Healthcare / Pharmaceutical Process Excellence
6 Anantbhushan Pundlik Wyeth Limited Healthcare / Pharmaceutical Overall
7 T K Wali Power Grid Corporation of India Limited Hi- Tech / Telecom Process Excellence
8 T K Wali Power Grid Corporation of India Limited Hi- Tech / Telecom Overall
9 S V Ramana Genpact ITES & BPO Delivery Excellence
10 Nandita Jain Mahajan IBM Daksh Business Process Services Private Limited ITES & BPO New Product Development
11 P V Ramadas HCL Technologies BPO Services Limited ITES & BPO Process Excellence
12 Rajendra Sawant Adventity Global Services Private Limited ITES & BPO Process Excellence
13 S V Ramana Genpact ITES & BPO Overall
14 Rajesh Munjal Carzonrent (India) Pvt Ltd Logistics & Transportation Process Excellence
15 Rajesh Munjal Carzonrent (India) Pvt Ltd Logistics & Transportation Overall
16 Umesh Mehta Asia Motor Works Limited Manufacturing Delivery Excellence
17 Daya Prakash L G Electronics India Private Limited Manufacturing New Product Development
18 S Ramaswamy Indian Oil Corporation Limited Manufacturing Process Excellence
19 S Ramaswamy Indian Oil Corportation Limited Manufacturing Overall
20 V Sundar T V Sundram Iyengar & Sons Limited Retail Process Excellence
21 V Sundar T V Sundram Iyengar & Sons Limited Retail Overall
22 Vishwajeet Singh FCm Travel Solution (India) Private Limited Logistics & Transportation Process Excellence
23 Vishwajeet Singh FCm Travel Solution (India) Private Limited Logistics & Transportation Overall
About Dun & Bradstreet (D&B):
Dun & Bradstreet (NYSE:DNB), the world's leading source of global business information, knowledge and insight, has been enabling companies to Decide with Confidence® for over168 years. D&B's global commercial database contains more than 162 million business records. The database is enhanced by D&B's proprietary DUNSRight® Quality Process, which transforms the enormous amount of data collected daily into decision-ready insight. Through the D&B Worldwide Network -an unrivaled alliance of D&B and leading business information providers around the world customers gain access to the world's largest and highest quality global commercial business information database.
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