Bangalore: Software major Infosys Technologies is not looking at the domestic market except for its
banking product "Finacle" as the company feels it gets better returns from export of software services in
the international market.
"When you have limited resources, you have to leverage it with where you get the best returns and
today those returns are coming from markets outside India. That is really the
reason why we are not focused on the Indian market other than banking," Infosys Co-Founder and
Director S Gopalakrishnan told reporters in an interview.
Incidentally, Finacle came out of the Nasdaq-listed firm's India strategy in 1989.
"We realised that in India we will have a product strategy and enter the banking sector. We felt that it will
be the one that will automate first and will try to become globally competitive, which of course, had the
money to invest," Gopalakrishnan, who is also the Chief Operating Officer of the Rs 3,634 crore Infosys,
said.
Indian revenues account for less than two per cent for the export-focused Infosys, and earn nearly 74
per cent from the huge US market.
He said though the Indian market was maturing very fast by leveraging IT, it was not yet to the level of
global market.
"It is matured today. But in terms of the returns from the market, there is a difference at this point. And
we see that we get better returns from outside India," Gopalakrishnan said.
PTI