| Public sector holds on to the top rung
| Top
Enterprise IT Spenders 2002-03 |
|
Rank
|
Megaspenders |
2002-03
(Rs Cr) |
2001-02
(Rs Cr) |
| 2002-03 |
2001-02 |
a |
| 1 |
1 |
Punjab
National Bank* |
180 |
170 |
| 2 |
4 |
Canara
Bank—Canbank Computer Services |
135 |
100 |
| 3 |
2 |
Life
Insurance Corporation of India* |
105 |
140 |
| 4 |
3 |
Bharti
Cellular |
100 |
130 |
| 5 |
9 |
Central
Bank of India* |
73 |
65 |
| 6 |
8 |
Indian
Posts |
55 |
75 |
| 7 |
12 |
Wipro
Technologies |
40 |
31.5 |
| 7 |
14 |
ING
Vysya Bank |
40 |
25 |
| 7 |
11 |
Indian
Bank |
40 |
40 |
| 10 |
16 |
Vijaya
Bank |
30 |
20 |
| 10 |
14 |
UTI
Bank* |
30 |
20 |
| 12 |
20 |
Asian
Paints India* |
27 |
17 |
| 13 |
16 |
Usha
Beltron Limited |
20 |
20 |
| 13 |
16 |
ABN
Amro Bank |
20 |
20 |
| 13 |
20 |
Indusind
Bank * |
20 |
17 |
| 16 |
23 |
Redington* |
19 |
12 |
| 17 |
6 |
United
India Insurance |
16 |
90 |
| 18 |
28 |
CMC
Ltd* |
15 |
8 |
| 18 |
13 |
Indian
Oil Corporation |
15 |
30 |
| 18 |
19 |
Allahabad
Bank |
15 |
18 |
| *DQ
estimates Base: 141 Companies |
Source: IDC India |
Public sector holds on to the top rung: Last year’s Megaspenders
survey had an overwhelming public sector flavor, with eight of the top ten IT
spenders coming from this segment. Life Insurance Corporation dominated the
ranking, with a spend of Rs140 crore on its ‘Anytime, Anywhere’ facility.
That massive implementation over, LIC slipped a few rungs, but it was PSUs that
continued to remain on top. PSUs grabbed the top three slots and accounted for
about 60% of the Top 10 IT spend in the country. DQ estimates placed Punjab
National Bank with an IT spend of Rs180 crore as the top corporate IT spender.
We looked closer at why banks were figuring so prominently in our list for
two years running. The reason cale from the CIOs’ own statements—given the
success of tech-savvy private banks, PSUs had little choice but to embark on IT-enablement
of their operations. PNB has tied up with Cisco to evolve the network design and
implement a nationwide network backbone connecting all its offices across India.
The rollout will cover about 300 branches, come March 2003, and will be extended
across 1,000 PNB branches by 2004. Given its IT spend, it was little surprise
that PNB bagged the ‘Best Bank Award’ for excellence in banking technology
from IDRBT in October, 2002. Similar is the case with Canara Bank, which has
tied up with Wipro Infotech to interconnect its 835 offices and branches across
98 cities, using a high-speed WAN. Next Page : NETWORKING IS GAINING STEAM: Page(s) 1 2 3 4 5 6 7 8 9 10
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