India is the 3rd country for start-up in the world.Now a days Software company is growing day by day.Let’s understand about How to form a software company in India, but before starting the business, it is necessary to understand the growth of this Industry and software company in India. According to the Software and Service Company (Nasscom) in constant currency Term it is expected to grow at a rate of 12-14 percent in India. In this sector it is expected that it reach triple current Annual Revenue US$350 Billion by 2050. Based on this revenues India rank for 5th among the Emerging markets.
How to start a software company in India:
Before Starting a Software company. You have to select the type of company as a service and products. Let’s know how many types of Company are existing in India.
Register your Software Company –
Before starting a business in India, you need to a legal entity. In India there is 5 most popular legal entities which is very necessary for every business in India:
- Sole Proprietorship Firm – It is the best legal entity to start a business with a nominal cost. It is not a company, but it is simply a firm who help to start the business.
- Partnership Firm-This entity is good when you have a co-Founder and want to try to the idea in minimum legal cost
- LLP or Private Limited Company– Most of the peoples are prefer to register in this type of legal entity. Around 90% company is registered in India as PVT LTD Company Registration in India.
How to start a software company in India:
Before Starting a Software company. You have to select the type of company as a service and products. Let’s know how many types of Company are existing in India.
Types of Software Company in India:
In India Software company is broadly categorized. For starting a Software company, we have to select the right category for starting software Company. There are two types of Software Company-
1.Development or Product based Software Company.
- Consulting or service based software company.
Consulting or Service Based Software Company:
This kind of companies provide services related to Business Consulting, Technology, Information, Outsource Service, Software Engineering to the client.
Top Service Company or Software Consulting Company in India Such as-
Infosys, Accenture, TCS, Tech Mahindra, Wipro and Many Other.
Services provided by this company such as-
- Data Migration Service
- Application Development
- Customer business Solution
- Customization Services
- Outsource
- Collaborative Commerce
- ERP Solution
- Testing service and Quality Assurance
- Multimedia Offering
Development or Product Based Software Company:
These types of Software Company have a set of products and A product which provide a major part of revenue.
Top Development or Software Product based software Company in India-
- Microsoft
- Amazon
- Zoho
How to Get Project for Software Consultancy or Services in India-
For successful Software Consultancy, you need good clients in an initial stage. It requires lots ofcontact and network from your personal and professional resource. According to the Brucelin If you are working in any other company, you have to find the client which can outsource his work for you based on trust and experience
Another source is – you can use a good online platform such as Freelancer, work from home in India and you can use advertisement online by this source you can build your business. This is the best way to start your Software business in India.
How to get Project for Development or Product Based Software Company-
For Software Development or Product based company you have to think about the ideas as well as an executive the ideas but it requires lots of money for marketing and development. In India several company bring Tools and build a saas (software as service) and create new ideas for a software company.
How to Increase the Fund for Software Company in India-
In India, there are lots of opportunities to raise their fund for software companies in 2016. Previously in terms of money Traditional businesses are depend upon the Family, Friends and bank loan but know a that Venture Capital Funding work for start up in Software Companies. Looking for the technologies or Products which interrupt the market.
Conclusion:
I hope this Article is valuable for you. By this Article, You can understand about how to form your Software Company. Afleo provide service to start up to start, run and growth their business by legal services such as GST registration, one person company and PVT LTD registration or for more information. You can visit your site or contact us.
