Monday, April 10, 2023

How to start a software company in India

How to start a software company in India

There are various steps to follow to register a software company in India. There is a big
rise in Software companies in India recently with India being the 3rd largest startup
ecosystem in the world. Thus, let’s talk about the procedure to start a software
company in India. Before starting a software company let’s comprehend growth in its
industry or software industry in India. The Indian sector is expected to grow at a rate of
12-14 percent for the financial year 2016 in constant currency terms. The sector is also
expected to triple its present annual profits to reach US Dollar 350 billion by the
financial year 2025, as per the national association of software and services companies
(NASSCOM).Even as per the PWC report the Indian companies in the top 100 emerging markets list
account for combined revenue of 797 million US dollars. India ranks fifth amongst the
emerging markets based on revenues.Before starting a software company in India, we have to choose the right type of company as service or product based so let’s understand how many types of software
companies in India exist. And how to register a company in India with Company
registration.