BENGALURU: The Indian IT services industry appears set to witness a major change in its pecking order this quarter. HCL Technologies will likely overtake Wipro in revenues in the ongoing quarter to become the third largest company – after TCS and Infosys – going by the upbeat revenue guidance for the ongoing fiscal that it provided on Wednesday.
If we regard Cognizant as an Indian company, then HCL will be the fourth largest. Cognizant is registered in the US, but its origins in many ways was in India, and the majority of its employees are in India.
The last time there was a shake-up of the order was in 2012, when Cognizant dislodged Infosys from the second spot.