From the 21 companies shortlisted, eight winners will be felicitated and recognised for their outstanding contribution to the Indian IT sector at the forthcoming Nasscom 2008 India Leadership Forum, scheduled in Mumbai from February 13-15, 2008. 

Nasscom Innovation in IT Awards honours those companies who have instilled innovation into existing knowledge and have come up with new ideas, products, processes or technologies that enable the business to achieve greater and better margins plough back into the business.

Congratulating the winners, Nasscom President Som Mittal said “Over the years, the Indian IT industry has made many rapid strides and has now established itself as a mature and credible player in the global IT industry. The next wave of growth for Indian IT industry will be innovation-lead and hence possessing an innovation capability will be sine qua non for Indian IT firms, regardless of their size.”

According to the recently released report by Nasscom and Boston Consulting Group (BCG) — Innovation Report 2007 focusing on innovation will allow the Indian IT sector to tap additional revenue streams worth US$ 50 billion by 2012.

The year 2007 marks the fourth edition of the awards and in this edition Nasscom has introduced a special focus on start-ups, the association said. 

INNOVATION IN IT AWARDS WINNERS
* Comat Technologies (P) Ltd  
* Financial Technologies India Ltd 
* Mango Technologies Pvt Ltd 
* MediaLab Asia 
* Mindtree Consulting  
* Mistral Solutions Pvt Ltd 
* MeritTrac Services Pvt Ltd  
* Texas Instruments