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Thirty Software Companies Separated From NASSCOM, Formed a New Association

Feb 4, 2013 13:44 IST

Top Picks :  Corporate Current Affairs , Business | Industry News , 2013 Current Affairs , February 2013 Current Affairs

Thirty Indian software product companies joined hands to form their own new association, marking a break-up with the IT industry body NASSCOM. Thirty founder members who were led by Bharat Goenka, co-founder of Tally Solutions, Vishnu Dusad, founder of Nucleus Software, Sharad Sharma, former head of Yahoo India R&D, startup mentor and founder of Brand Sigma and Naveen Tewari, founder of InMobi, will meet on 4 February 2013 to formalize this newly formed association and also for developing further action plans. The new association is called Indian Software Product Industry Round Table or iSpirt.
 
Vision of Indian Software Product Industry Round Table or iSpirt

The vision of Indian Software Product Industry Round Table or iSpirt is to transform India in terms of IT and also deliver the invaluable IT solutions at the international level. The objective of iSpirt is to share experiences and expertise of these industries in order to create the awareness in government as well as society about the importance of IT. These 30 Indian software product companies that formed their new association believed that it was not possible for them to grow under larger umbrella of NASSCOM.

No conflict with NASSCOM

One of the founder members of the new association, Bharat Goenka made it clear that there were negotiations about new association formation since past six months. NASSCOM had in return promised support and that there were no conflicts with the IT body. Also, it was explained that the new association would work with everyone including NASSCOM.

Organisational structure of iSpirt

A founder member Sharad Sharma described that the new association iSpirt will not have a president or similar nomenclature. Instead, there will be a governing council that will consist of these four founding members- Sharma, Goenka, Tewari and Dusad. There will be a flat structure of the association. Volunteer model will be adopted.

About NASSCOM

•NASSCOM is expanded as National Association of Software and Services Companies. It is a trade association of the BPO and IT industry. It was established in 1988 and is a non-profit organisation.
•It is a global trade organisation with more than 1200 members out of which there are 250 global companies as well from China, Japan, Europe, UK and US.
•The member companies of NASSCOM have businesses such as software services, software development, BPO, IT and e-commerce.
•NASSCOM was established to facilitate trade and business in services and software in order to encourage advanced research in the software technology. It is registered under Indian Societies Act, 1860.
•At present, the headquarters of NASSCOM is in New Delhi.

Is this article important for exams ? Yes22 People Agreed
Read more Current Affairs on: NASSCOM , IT industry , Indian Societies Act
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8 Comment

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