IBM, in an analyst meeting held at
Bangalore on 6 June 2005 stated that IBM's India plans are for the long term & committed to invest $6 billion in the next three years in India, triple the amount invested in the three years preceding the meeting. IBM Global Services (now split to Business Services & Technical Services) was called the "jewel in the IBM crown" by the Aberdeen group in 2003. For worldwide IBM, this is the group that contributes to more than half its global revenues ($54 billion in 2005) presently and growing at a healthy rate (8% in 2005). With half of global service employees to be located in India, IBM India's importance for the global corporation can be easily fathomed.
IBM's re-organization In 2005., Ginni Rometty at the Enterprise Business Services unit of IBM worldwide and heralded changes that would have long running implications and would lead to the explosive growth of IBM in India. To emphasize how serious IBM was about making India a major IBM headcount and business growth destination, a Global Briefing event for investors and analysts was held in Bangalore in June 2006 with India's then President
Abdul Kalam as the Chief Guest. Most of the senior most IBM executives were present for the event. To bring more focus to growing the technical talent in India, IBM appointed
IBM Fellow C. Mohan of
IBM Research in
Silicon Valley as the IBM India Chief Scientist, a new position that was created for that purpose. Mohan served in that position from June 2006 to January 2009 in Bangalore and then returned to
IBM Research – Almaden. At an investor meet in 2006, she identified five areas that would transform IBM and bring 'profitable growth'. In order of importance, they were Business Transformation Outsourcing, Application Management Services, Business Solutions, Small & Medium Business & Innovation. In each one of these areas, IBM India figures prominently and employee numbers have grown multi-fold in the last two years. IBM India's domestic revenues grew at 60% in 2005-06 making it one of the highest growth areas in the entire IBM portfolio of geographies & businesses. IBM India is also the biggest domestic IT player in the country, replacing HCL Technologies. It's worthwhile to mention that
Airtel, India's largest private telecom company which had chosen IBM as its strategic partner for outsourcing its entire network & IT backbone – a deal worth about $750 million initially, has decided to renew it for another five years, reducing the order by more than half the size of the one that expired at the end of March 2014. == History ==