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India is the world’s biggest and one of the hottest IT hubs, consistently ranking among the top software outsourcing destinations.
India’s IT sector is expected to reach $350 billion by 2025, with IT services outsourcing being a major contributor.
The reasons why India attracts international clients, both big and small, and huge foreign investment in their IT, specifically software, services are:
As we’ve established so far, software development companies in India are not only too many to count, but also highly diverse in terms of specialization, types of services and cost.
Before looking at what the market has to offer, it is important to look inwardly, i.e. to determine your organization’s requirement and set allocate a provisional budget to your software offshoring venture.
The first step to outsourcing should always be to clearly define your requirements. So, make sure you determine:
Decide on a provisional budget for your software outsourcing project. Strive to include all costs associated with it from the actual development to the third-party fees, including transactions, subscriptions and travel (if applicable).
This is just a number that will keep you focused on your business goals and help you narrow down your search to the custom software development company in India that can provide the most value for your money.
Keep in mind that your budget is very likely to change by the time you sign a contract with your software development partner.
You have decided on your requirement, set a provisional budget and filtered a few prospective software development partners accordingly.
Here are the questions that will help you identify the best software development partner in India for your business:
And here are the questions to ask your prospective software development partner’s references:
An average software engineers’ salary in software companies in India falls between Rs 15 and Rs 20 lakhs per year, with translated to $21-28k per year.
But this is far from the real picture.
As we’ve discussed, these rates can vary greatly, and you’ll find software companies in India that pay their non-senior developers as little $3,000 per year.
This directly translates to the rates that the companies charge for their services.
Some software companies in India will charge as little as $10 per person, per hour, while others will go over $50.
There are over 1.9 million registered companies across all industries in India. However, not all of them are active nor are they based in the software industry.
Although it is hard to know the exact number of software companies in India, it’s safe to say the number is in the hundreds – if not thousands.
Additionally, the top software companies in India include:
Research says that Cognizant Technology Solutions may be the top-earning IT and software company in India.
However, the best software company boils down to more than a quick sentence.
Instead, the number one custom software development company in India is a more personal choice – it is the firm that suits your particular needs.
The software developers that are able to understand your brand, provide the skills needed for success, and can deliver results in a timely manner will be the best ones for your business.
It is easy to say that “any company can find their perfect software development partner in India,” and this is true, but it is not as easy to do so.
Companies that can arm themselves with patience and commit to meticulous research before embarking on their India offshoring venture stand to gain a lot. Others would be taking on great risk instead.
The best place to start are the lists of carefully curated software companies in India, like the one we’ve put together above (↑), and go slowly screen each prospective partner until you are confident you have found the company that can help you reach your business goals.
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