Best IT Stocks to Invest in India

Patni Computer Systems Ltd, based in Mumbai, is one of the leading global providers of Information Technology services and business solutions. More than15000 professionals from Patni Computers service clients across diverse industries, from 28 international offices across the Americas, Europe and Asia-Pacific, and 20 Global Delivery Centers in strategic locations across the world.

Revenues for the quarter ended 31^st March 10 stood at US$ 172.3 million (Rs.7,745.4 million). The operating Income for the quarter at US$ 36.2 million (Rs.1,627.0 million) and this is up by 8.7% when compared quarter to quarter.

Polaris Software is arguably the world's most sophisticated banking and insurance software company. Polaris offers state-of-the-art, complete solutions for core banking, corporate banking, wealth and asset management as well as insurance. Since inception, Polaris has implemented its solutions and services among hundreds of the world's largest financial institutions.

The company’s Profit after Tax (PAT) grew by 42% to Rs. 45.74 crore for the quarter ended 31^st March 2010 from Rs. 32.11 crore compared to the same quarter last year. Revenues were up 4% to Rs. 351.04 crore from Rs. 337.25 crore. The Board of Directors recommended a final dividend of 35% on the paid up capital for fiscal 2010.

L & T Infotech is part ofa large multi-crore group of companies in India – the Larsen and Toubro, an Engineering and Construction major. L&T Infotech is a global IT services and solutions provider and the key areas of L & T Infotech are application maintenance and application development, ERP-II implementations and integration of systems within and across enterprises. The company has facilities in Mumbai, Chennai and Bangalore.

The group has posted 44% rise in consolidated net profit to Rs 5,451 crore for FY10, against Rs 3,789 crore in FY09, while total income has increased from Rs 41,087 crore to Rs 44,729 crore.

MphasiS consistently delivers global Infrastructure Technology Outsourcing, Applications Services Outsourcing and Business Process Outsourcing services through a combination of technology, domain and process expertise.

The MphasiS Group consolidated revenue was at Rs 1,220 crores for the quarter ended 30 April, 2010 as compared to Rs 1,048 crores in the same quarter last year registering an appreciable growth of 16.4%. During the same period, net profit increased by 19.2% from Rs 224 crores to Rs 267 crores. The Earnings per share (EPS) for the quarter was Rs 12.73, an increase of 18.5% over the same period last year.

Satyam, renamed as Mahindra Satyam was bought by Tech Mahindra in April last year after being heavily damaged by India's biggest corporate scandal.

The company is a provider of information technology services to the telecoms industry. Its net profit in January-March, its fiscal fourth quarter, fell to 2.27 billion rupees ($51 million) from 2.30 billion reported a year ago.

Tech Mahindra Ltd (TEML.BO) has reported a 1.3 percent fall in quarterly profit, weighed down by interest costs on borrowings to fund its acquisition of Satyam Computer Services. Although there are some setbacks, the company is in the process of recovery and backed by the powerful and consistently successful Mahindra group and the company will bounce back to add to shareholders wealth.