Dr. Anji Reddy is the man behind Dr. Reddy's Lab. This is one such pharma company that went a long way to establish itself as a profitable company, a wealth generating company. Last year, Dr. Reddy Lab's stock plunged down as stakeholder didn't want the company to invest money in research & development. Inspite of that, Dr. Reddy stayed firm and didn't leave the road of R&D. When asked, he said that he had to maintain the balance between profit and vision. Nicely said, Dr. Reddy. We all by now have known that you are heading towards making world class company known for its unique products.
Sabeer Bhatia, the hotmail guy, pounced back with the new product, InstaAssist! He seems to be of the view that India could survive in the long race of IT fierce competition by having some solid products and not only services. That seems to be very true. Does SAP need to fear if China comes up with English speaking technical pool. But, yes, Infosys, Wipro, Satyam had a reason to fear. Guess why?
There are many other Indians like the above two who believe in creating product based company instead of service based companies. Forexample, Pavan Nigam is running with Cendura.
So, Our IT biggies should take inspiration from some of the above mentioned global Indian IT leaders and start planning accordingly.India is not short of talent. But India is still short of risk-takers.