Beyond the Fortune 500: Rethinking growth in the IT services industry

https://cdn1.expresscomputer.in/wp-content/uploads/2026/10/05124435/EC_Preetam_Kumar_Cofounder_Psiog_750.jpg

By Preetam Kumar, Co-founder, Psiog

An entire generation of Indian IT Service Providers undertook the quintessential odyssey, from humble shores and origins to global stature and opulence, earning their spurs navigating the strait of Fortune 500! Back in 2010, NASSCOM’s Annual Strategic Review Report pegged the Indian offshoring industry’s export revenues at around $50B, with the USA contributing nearly 61%. Holding pole position for over 15 years now, the US share remains strong as ever at 62%, even as export revenues have since more than doubled at around $112B, per their 2025 Annual Report. These figures are a surrogate for the Fortune 500’s influence on the Indian IT services industry, given their storied successes with technology-centric outsourcing and offshoring programs.

The period also witnessed an explosion of tech services providers, estimated to be over several thousands, aspiring to replicate the scale and success of India’s Tier 1/2 (service providers with...

Copyright of this story solely belongs to www.expresscomputer.in. To see the full text click HERE

Read more