Tulip IT is the market leader in Indian MPLS/IP VPN market

Tulip IT Services Ltd has announced that has been identified as the leader in the Indian MPLS / IP VPN Services market according to a report compiled by global growth consulting company, Frost & Sullivan. According to the report's findings, Tulip IT Services has a market share of 28 percent in the Indian MPLS / IP VPN market. The Company has demonstrated a staggering growth of approximately 290 percent in the category, which is the fastest across the industry.

This report was compiled after an extensive analyst of services providers' revemie and market share within the industry. They analysis is based on interviews with all market participants and extensive secondary research of proprietary data sources. The findings are based on other parameter like market share, revenue growth strangers, profitability and technology innovation to arrive at the overall leadership positions. Based on the report's findings, the Company has been awarded the prestigious Frost & Sullivan Market Leadership Award 2006-07 for MPLS / IP VPN Services. The award also acknowledges the Company’s business innovation technology capabilities and reach.

On receiving the award, Lt. Col. H S Bedi, VSM, CMD of the Company said, "We are delighted to be awarded the Frost & Sullivan Market Leadership Award for MPLS / IP VPN Services as it reinforces our belief in the innovative use of technology for deployment of Enterprise Data Networks. Our continued focus on innovation and customer delight are the cornerstones of our success and that it reflected in the high growth that Tulip is seeing across all categories including MPLS-S-VPN services. As a Company, we will continue to strive towards replicating this success across domains."

Frost & Sullivan recognizes outstanding industry achievements by presenting the Frost & Sullivan Awards to leading Companies in regional and global markets. These prestigious awards are recognized worldwide by the media, the investment community and end-user markets. Using interviews with all market participants and extensive secondary research of proprietary data. Frost & Sullivan analysts track competitor revenue and market share of industry verticals, Competitors are then compared and ranked.

The Frost & Sullivan report indicates that the IP / MPLS VPN market reached a total value of INR 1,127 Crore in 2006, exhibiting an increase of 42.2 percent over 2005. With an expected growth rate of 28.2 percent in the current year, this market is poised to reach INR 3,343 Crore by 2013, exhibiting a CAGR of 16.8 percent over the forecast period. The report further expects the Enterprise Data Services market to grow from INR 5,255.8 Crore in 2006 to INR 13,393.1 Crore in 2013, which equates to a CAGR of 14.3 percent over this period.

The Company has set up India's largest VPN network and provides enterprises with connectivity in over 1000 cities across India on both fiber and wireless. The Company has further fortified its leadership position in the Enterprise Data connectivity market in India. The Company is the only service provider in India that provided enterprise with end-to-end connectivity solutions including connectivity, data services, network integration and managed services.