Indian IT services companies are gradually, but surely gaining expertise in various industries they are providing services. Not only are they strengthening their manpower, but also the skills required to understand the finer nuances of business.

Consulting services can be classified according to industry practices (like automotive, pharma, media, retail etc.) or by functional practices (like operations, strategy, corporate finance). The Indian IT companies provide software services across all these industries and functions. The implementation and maintenance of the software requires a business perspective. This knowhow has enriched the skills of IT services companies. The globalization wave has also resulted in free exchange of ideas and people across countries. So how does all this make sense?

The IT industry has been the face of the Indian growth story. As time has passed, we have seen newer avenues opening up. The Indian IT industry has been constantly innovating to maintain its edge over the world. Global Delivery model was the first innovation that put India on the forefront. But now, competition has increased, and the profits are being squeezed.

The software service companies have shifted their focus from pure sales to relationship development. The Indian companies like to be called "equal partners" in their bid to work for clients. They are ready to anticipate and adapt to the changing nature of business. The software companies can be classified into two.

The software providers who create niche software products catering to various verticals. The others are software vendors who provide software services to the client, on software products owned by software providers.