Tuesday, June 03, 2008

Five Indians among seven outsourcing billionaires: Forbes

Source : Click

In a clear indication that India dominates the outsourcing business in the world, a Forbes magazine survey says that five of the seven billionaires whose primary source of wealth is outsourcing are Indians.

Three of the five - N.R. Narayana Murthy, Nandan Nilekani and Senapathy Gopalakrishnan - are from Infosys Technologies. The others are Azim Premji of Wipro and Shiv Nadar of HCL Technologies.

Forbes notes that all of these five made their billions through providing global software and IT services. In contrast, the other two outsourcing billionaires, Terry Gou and Barry Lam, both of Taiwan, run companies specialising in contract manufacturing in the electronics sector.

Premji tops the list of outsourcing billionaires with a net worth of $12.7 billion. He is the chairman of Wipro, provider of integrated business, technology and process solutions. The software services outsourcing company acquired a business process outsourcing arm in 2002, the business magazine said.

Nadar's net worth is $3.9 billion and HCL Technologies, co-founded by him, is an outsourcing electronics, computing and IT software company.

"With clients like Cisco, Boeing and IBM, HCL is one of India's leading global IT services companies that emphasises 'transformational outsourcing', or working with clients to re-define the cores of their businesses," Forbes wrote.