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As of 2021, revenue of Indian BPO industry was estimated at US$ 38 billion. [2] Government of India has launched India BPO Promotion Scheme (IBPS) as part of Digital India initiative to encourage job creation in Tier-2 and Tier-3 cities. [3] [4] India's BPO Industry handles 56% of the world's business process outsourcing.
The company was started as Progeon Limited in April 2002 and is among the leading outsourcing companies in India according to NASSCOM. [3] It was started as a 74-26 joint venture between Infosys and Citibank Investments. In 2006, Infosys bought out Citibank's share at a price of ₹592 per share, Citibank having invested at ₹0.20 per share. [4]
Mphasis Limited is an Indian multinational information technology service and consulting company based in Bangalore. [4] [5] The company provides infrastructure technology and applications outsourcing services, as well as architecture guidance, application development and integration, and application management services.
The Electronics Committee also known as the "Bhabha Committee" created a 10-year (1966–1975) plan laying the foundation for India's IT Service Industries. [10] The industry was born in Mumbai in 1967 with the establishment of Tata Consultancy Services [11] who in 1977 partnered with Burroughs which began India's export of IT services. [12]
Bengaluru, the capital city of the South Indian state of Karnataka, India. The economy of Bengaluru contributes over 43.65% to the economy of the State [1] of Karnataka, accounting for 98% of the Software Exports of the State. The estimated Metro GDP of the city is around US$300 billion, with a Metro GDP Per Capita of roughly US$25,461 in 2021
India, China and the Philippines are major powerhouses in the industry. In 2017, in India the BPO industry generated US$30 billion in revenue according to the National Industry Association. [33] The BPO industry is a small segment of the total outsourcing industry in India. The BPO industry workforce in India is expected to shrink by 14% in 2021.
Karnataka's capital city Bangalore has the sobriquet of Silicon Valley of India, [4] with total IT exports worth US$ 53 billion during the financial year 2021–22, [5] [6] employing 1 000 000 people directly and 3 000 000 lakh indirectly. [7] Though most software companies are located in Bangalore, some have settled in other cities like Mysore ...
The Karnataka Public Service Commission (KPSC) is a government body in the state of Karnataka, India, responsible for recruiting candidates for various state government jobs through competitive examinations.