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INITIAL PUBLIC OFFER AND ANALYSIS WITH REFERENCE TO BHARTI INFRATEL LIMITED
Submitted to Sanskrithi School of Business, Puttaparthi, an Affiliated Institution under JNTU-A, in Partial Fulfillment of Master of Business Management
MENTOR CERTIFICATE
It is certified that the research work incorporated in the Mini project titled . submitted by ..is original work and was carried out under my supervision and guidance. Date: Signature of the Mentor Name: his
DECLARATION
I,., Roll No.,Batch hereby declare the project work titled . is an original work conducted by me under the supervision of my revered mentor.
I further declare that no part of project, neither the whole nor in part, has been submitted or published in any form as compliance towards any other degree or similar title to any of the institution and the sources refereed in this project is duly acknowledged.
Date:
ACKNOWLEDGEMENT
It gives me immense pleasure to submit my project work as compliance to internal assessment of the MBA program. I am fortunate enough to have Prof. as my mentor who with his/her professional acumen and experience encouraged me to study the scope and various dimensions of project from broad perspectives and enrich my knowledge to produce this piece of work. Despite his busy schedule of professional and social commitments, he/she was always available to me, whenever needed, for consultation, discussion and deliberation on the various aspects of my research work. I have no words to express my deep sense of gratitude and just salute him for his humbleness and invaluable support. I cannot forget the overwhelming support and encouragement; I received from Prof Sreekanth Reddy who have remained behind me as the guiding instruments during the entire period of the project work, keeping me intact in Lab I simply salute them for sustaining me the most congenial atmosphere within the institutional premises. Name: Date:
INTRODUCTION
The information technology (IT) industry has become of the most robust industries in the world. IT, more than any other industry or economic facet, has an increased productivity, particularly in the developed world, and therefore is a key driver of global economic growth. Economies of scale and insatiable demand from both consumers and enterprises characterize this rapidly growing sector. The Information technology industry in India has gained a brand identity as a knowledge economy due to its IT and ITES sector. The ITITES industry has two major components: IT Services and business process outsourcing (BPO). The growth in the service sector in India has been led by the ITITES sector, contributing substantially to increase in GDP, employment, and exports. The sector has increased its contribution to India's GDP from 1.2% in FY1998 to 7.5% in FY2012. According to NASSCOM, the IT BPO sector in India aggregated revenues of US$100 billion in FY2012, where export and domestic revenue stood at US$69.1 billion and US$31.7 billion respectively, growing by over 9%. The major cities that account for about nearly 90% of this sectors exports are Bangalore, Chennai, Delhi, Mumbai, Hyderabad, Pune, Kolkata. Export dominate the IT ITES industry, and constitute about 77% of the total industry revenue. Though the IT ITES sector is export driven, the domestic market is also significant with a robust revenue growth. The industrys share of total Indian exports (merchandise plus services) increased from less than 4% in FY1998 to about 25% in FY2012. According to Gartner, the "Top Five Indian IT Services Providers" are Tata Consultancy Services, Infosys, Cognizant, Wipro and HCL Technologies. This sector has also led to massive employment generation. The industry continues to be a net employment generator - expected to add 230,000 jobs in FY2012, thus providing direct employment to about 2.8 million, and indirectly employing 8.9 million people. Generally dominant player in the global outsourcing sector. However, the sector continues to face challenges of competitiveness in the globalized world, particularly from countries like China and Philippines. India's growing stature in the Information Age enabled it to form close ties with both the United States of America and the European Union. However, the recent global financial crises has deeply impacted the Indian IT companies as well as global companies. As a result hiring has dropped sharply, and employees are looking at different sectors like the financial service, telecommunications, and manufacturing industries, which have been growing phenomenally over the last few years. India's IT Services industry was born in Mumbai in 1967 with the establishment of Tata Group in partnership with Burroughs. The first software export zone SEEPZ was set up here way back in 1973, the old avatar of the modern day IT park. More than 80 percent of the country's software exports happened out of SEEPZ, Mumbai in 80s.
We use the term information technology or IT to refer to an entire industry. In actuality, information technology is the use of computers and software to manage information. In some companies, this is referred to as Management Information Services (or MIS) or simply as Information Services (or IS). The information technology department of a large company would be responsible for storing information, protecting information, processing the information, transmitting the information as necessary, and later retrieving information as necessary
Some of the major reasons for the significant growth of the IT industry of India are
Abundant availability of skilled manpower Reduced telecommunication and internet costs Reduced import duties on software and hardware products Cost advantages Encouraging government policies
Information Security Certifications Oracle DBA Certifications Microsoft Certifications Cisco Certifications PMP Certification
Commercial perspective
Worldwide IT spending forecast[35] (billions of U.S. dollars) Category 2011 spending 404 2012 spending 420
Growth of India's IT Industry India's IT industry has recorded phenomenal growth over the last decade. During the period from 1992-2001, the compounded annual growth rate of the Indian IT services industry has been over 50%. The software sector in India has grown at almost double the rate of the US software sector. The statistics of the India's IT industry substantiates the huge momentum acquired by the IT sector in the recent past. During the financial year 20002001, the software industry in India accounted for $8.26 billion. The corresponding figure was $100 million 10 years back. As per the report of a study undertaken by NASSCOM-McKinsey, the software export from Indian IT industry is likely to reach 50 billion US dollars in the year 2008. This growth rate of the software sector for the year 2008 has been projected on the basis of the 35% per year growth rate achieved in the last couple of years. Export of software and services from India is expected to add almost 41 billion US dollars to the annual revenue of the Indian government in the current year. The share of technology industry in India's GDP is expected to reach 5.5% in 2008; while the corresponding figure in 1998 was as small as 1.2%.The study of NASSCOM has revealed that the growth of India's IT industry has prompted the growth of Indian exports by almost 36%. Another favorable effect of India's IT boom is the expansion of opportunities of employment. By the end of fiscal year 2008, the IT sector of India is expected to employ around 2 million skilled Indian youths. The growth of India's IT sector has brought about many other positive changes in the Indian economy. The purchasing power of a large section of Indian population has increased dramatically. This has resulted in an increase in the average standard of living of the majority of population of the country. The increase in purchasing power of the common people has propelled the growth rate of the other sectors of the economy as well. There has been considerable increase in the amount of fund available for venture capitalism and equity financing.
India is now home to a number of IT giants. The operations of IT firms like Wipro, Infosys, Accenture, Capgemini, Tata Consultancy Services and many more in different locations of India have changed the entire scenario of the Indian job market. The ITES sector has also come up to complement the growth of Indian IT sector.