NASSCOM explained

Type:Non-governmental trade association
Headquarters:Noida, Uttar Pradesh, India & New Delhi, Delhi, India
Key People:Rajesh Nambiar (Chairman)[1]
Debjani Ghosh (President)
Services:Business promotion, networking, policy reforms
National Association of Software and Service Companies
Abbreviation:NASSCOM
Vat Id:(for European organisations) -->
Fields:Information Technology (IT)
Business Process Management (BPM)
Num Members:Over 3,200 companies
Owners:-->

National Association of Software and Service Companies (NASSCOM[2]) is an Indian non-governmental trade association and advocacy group that primarily serves the Indian technology industry. Founded in 1988, NASSCOM operates as a nonprofit organization and serves as a key entity within the Indian technology sector.[3] [4] [5]

Events

In 2013, NASSCOM initiated a program to promote 10,000 startups in India by 2023.[6] NASSCOM sponsors events that target startups in India.[7] Events include:

NASSCOM organized the NASSCOM International SME Conclave in January 2019[11] and the FISITA World Automotive Congress in October 2018.[12]

Collaborations

The Telangana AI Mission (T-AIM) collaborated with NASSCOM to implement the Investor Connect program, benefiting 30 startups in India as part of the Revv Up accelerator program. Additionally, NASSCOM has established multiple partnerships, including one with the Karnataka State Higher Education Council.[13]

Membership

NASSCOM members include various information technology and business process management companies. Its members are generally:

  1. Indian IT Companies: Many leading Indian IT companies are members of NASSCOM. These include companies engaged in software development, IT consulting, system integration and related services.
  2. Multinational Corporations: NASSCOM has a presence in India and multinational corporations as its constituents. These companies mostly have operations or subsidiaries in India and are active contributors to the IT sector.
  3. Business Process Management Service Providers: Companies that provide business process management services, which include services such as customer support, finance and accounting, human resources and more, are part of NASSCOM's membership.
  4. Technology Start-ups: NASSCOM has initiatives and programs to provide technology start-ups. Therefore, start-ups in the IT and technology sector can also be members.
  5. Industry Stakeholders: Apart from IT companies, NASSCOM's constituents may include other stakeholders such as academic institutions, research institutes and individuals interested in the IT and business process management sectors.

Categories of membership

Nasscom membership is categorized as follows:

  1. Companies with an annual revenue of more than ₹500 crore per annum from IT and business process infrastructure products and services;
  2. Companies with annual revenue of ₹50 crore to ₹500 crore;
  3. Companies with an annual turnover of ₹2 to ₹50 crore;
  4. IT and IT-enabled product and services start-ups registered in India with an annual turnover not exceeding ₹2 crore through IT and business process infrastructure sectors;
  5. Companies that provide solutions/support services to the IT and Business Process Management sectors.

The organization's core focus has been ensuring high service quality standards and upholding intellectual property rights within the Indian software and BPM industries. As of January 2024, more than 2,000 information technology services companies were members of NASSCOM, including domestic software and ITES companies and multinationals operating within India, pushing the total members to 3,200 and counting. NASSCOM accounts for 90% of the industry's revenue and enables the association to drive local, national and global initiatives.

The Executive Council

Employees and members of the executive council of NASSCOM include:

Founders

Among the founders of NASSCOM were Nandan Nilekani, Shiv Nadar, and Narayana Murthy. These industry leaders, along with other key figures in the Indian IT industry, collaborated to form NASSCOM to promote and represent the interests of the software and services industry in India. Notably, NASSCOM has evolved over the years under the leadership of various industry professionals, and its operations have expanded to include IT and business process automation services.

Objectives

The primary objective of the establishment of NASSCOM was to act as a catalyst for the growth of India's IT and Business Process Automation industries. The founders envisioned an industry association to bring together key stakeholders to address common challenges and promote the interests of the rapidly growing IT sector in the country. The specific objectives of establishing NASSCOM are as follows:

  1. Promotion of IT Sector: NASSCOM aims to promote the growth and development of the Indian IT sector domestically and internationally.[15]
  2. Policy Advocacy: The association has sought to interact with government bodies and policymakers to advocate for policies that foster an enabling environment for the growth of the IT sector. These include issues related to taxation, regulation and infrastructure.[16]
  3. Global Vision: NASSCOM aims to enhance the global vision of the Indian IT industry. This includes marketing and business initiatives to position India as an IT and software services destination.[17]
  4. Industry Collaboration: NASSCOM aims to foster collaboration and knowledge sharing among its member institutions. This collaborative approach addressed common challenges, shared best practices and encouraged industry-wide innovation.
  5. Skill Development: To address the need for skilled manpower, NASSCOM is also engaged in education and skill development initiatives in the IT sector.[18]
  6. Quality Standards: NASSCOM works to establish and develop industry standards and quality benchmarks to ensure the competitiveness of Indian IT services globally.
  7. Networking and Events: The association organizes events, conferences, and forums where professionals can network, share insights, and stay updated on the latest trends and technologies.

Over the years, NASSCOM has been instrumental in shaping the trajectory of the IT industry in India. It has evolved to address the sector's changing needs. It has played a key role in positioning India as a key player in the global IT and business process automation landscape.

See also

External links

Notes and References

  1. Web site: Executive Council. NASSCOM. 31 January 2024 .
  2. Britannica, T. Editors of Encyclopaedia (2023, November 28). National Association of Software and Services Companies. Encyclopedia Britannica. https://www.britannica.com/topic/National-Association-of-Software-and-Services-Companies
  3. Web site: India's tech industry set to reach $245 billion in FY23. 2 March 2023 .
  4. News: Indian IT sector to touch $245 billion in FY23: Nasscom. The Times of India . 2 March 2023 .
  5. Web site: Indian IT revenues grow fastest in a decade to $227 billion in pandemic-hit FY22. 15 February 2022 .
  6. News: Why NASSCOM 10K Startups - backed by Google, Microsoft, IBM - has had mixed success in India. Singh. Shelley. 5 October 2016. The Economic Times. 31 January 2024.
  7. News: Maharashtra to create incubation centre for startups near Mumbai with Nasscom. The Economic Times. 2024-01-31.
  8. Web site: Nasscom leadership forum, IT congress kick off in Hyderabad. Kurmanath. K. V.. The Hindu Businessline. 7 December 2021. 31 January 2024.
  9. News: Basu. Somdatta. IIT KGP wins DSCI Excellence Award 2018 for Cyber Security Education at NASSCOM-DSCI - Times of India. The Times of India. 8 December 2018 . 31 January 2024.
  10. Web site: Nasscom's InnoTrek picks 40 start-ups for programme at Silicon Valley. The Hindu Businessline. 26 April 2018 . 31 January 2024.
  11. Web site: Pullela Gopichand's masterclass: on scaling success from failure . www.telegraphindia.com. en. 31 January 2024.
  12. Web site: Startup Events This Week: NASSCOM's FISITA 2018 World Automotive Congress And More - Inc42. DailyHunt. en. 14 February 2019.
  13. News: T-AIM partners Nasscom to offer investor connect for startups . The Hindu . 21 October 2021 . en-IN.
  14. News: 2023-09-05 . Nasscom appoints Rajesh Nambiar as chairperson . The Times of India . 2023-12-10 . 0971-8257.
  15. News: IANS . 7 January 2024 . We need short-term courses to skill 100 million people in fundamentals of AI: CP Gurnani . The Economic Times tech. 31 January 2024.
  16. News: Aryan . Aashish. Majumdar . Romita. 11 August 2023 . Nasscom seeks review of licensing rule for PCs, other equipment . The Economic Times tech. 31 January 2024.
  17. News: 29 January 2024 . Regulations, industry collaborations needed to fix deepfake issue: Nasscom. Business Standard . 31 January 2024. Press Trust of India .
  18. News: Basu . Sreeradha . 14 December 2023 . Cognizant unveils Shakti to boost women leadership in technology. The Economic Times tech . 31 January 2024.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "NASSCOM".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.