BT India eyes 20% market share by 2011

New Delhi, Oct 21 (UNI) Eyeing a 20 per cent share in the country's 24 billion euro networked IT market by 2011, BT India today said it aims to grab the ''bigger pie'', with diversifying into the fields, such as media, healthcare, financial services and e-governance projects.

''India's networked IT market is expected to be 24 billion euro in 2010-11, of which addressable market opportunity for BT is 4.4 billion euro, which is about 18-20 per cent share,'' company Managing Director Sudhir Narang told reporters here.

He, however, denied to provide the details of the company's present market share.

Asked in which fields the company will be diversifying, Mr Narang said, ''banking and finance are the key drivers in the growth...government is investing heavily in government-to-government e-government, also media and pharma companies are the potential customers for whom we design and operate the mission-critical network and IT services that support the core business of our customers.'' The company, which registered a 39 per cent growth in revenues in FY08, serves 300 domestic customers, including biggies like NDTV, INX, BSNL, Bharti Airtel, Hindustan Unilever and the Central Government.

With the acquisition of Frontline Technologies, it aims to provide IT consulting, infrastructure services, systems integration, and IT&application management outsourcing to local, regional and multinational customers.

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