Outsourcing in India: The Past, Present, and Future

Mr. N. Krishnakumar is the Chief Executive Officer and Managing Director of MindTree Consulting and the Chairperson of Emerging Companies Forum, NASSCOM, India. MindTree Consulting was founded in 1999. It is an international IT and R&D services company that delivers business and technology solutions through global software development. MindTree is coheadquartered in Somerset, New Jersey and Bangalore, India, and employs over 7500 professionals worldwide. It has development centers in both India and US. In 2009, MindTree was named among the world’s top 100 outsourcing service providers by the International Association of Outsourcing Professionals and has been consistently ranked high among the Best Place to Work in India. National Association of Software and Services Companies (NASSCOM) is the Indian chamber of commerce and is a consortium that serves as an interface to the Indian software industry and Indian BPO industry. It has more than 1200 organization members, of which over 250 are global companies from across US, UK, EU and APAC. NASSCOM was set up in 1988, at Mumbai to facilitate business and trade in software and services and to encourage advancement of research in software technology. The Emerging Companies Forum, one of the four forums of NASSCOM, is aimed at strategizing the growth potential of small and medium outsourcing enterprises.