Indian Big Tech’s affair with consulting: Will TCS, Wipro and the likes strike gold this time?
Synopsis
Indian IT firms have tried to get into consulting business earlier but they couldn’t make a mark. Now, firms like TCS, Wipro and Infosys are making acquisitions, and expanding investments among a number of other things to crack the consulting business code. But will just spending money solve the problem?
The year was 2005. Stock markets were continuing their bull run that started in 2003, the Indo-US nuclear deal discussions were on and FDI inflows were growing at a rapid pace. This was the same year when Tata Consultancy Services (TCS) became the first Indian IT firm to cross the USD10 billion mark in market cap. Like India, the Tata group’s IT giant was at a crossroads where there were many opportunities to get hold of. In an April 2005
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