US-based PTC, a leading global software company, plans to increase its average annual investment in India from $70 million to $100 million. The company, which has partnered with ITC Infotech for nearly 24 years, also established its first global solution center in Bengaluru.
Neil Barua, CEO of PTC, shared that the company employs about 7,500 people worldwide, including 2,500 in India, and has a market capitalization of approximately $22 billion. Over the past five years, PTC has invested around $350 million in India, with a commitment to raise that figure to $100 million annually moving forward. “In Pune, PTC is exploring new office space to accommodate our growth,” he noted.
Barua emphasized the company’s focus on expanding its direct sales efforts in India, not just in product development but also in sales support and technical understanding. PTC has maintained a presence in India for over 30 years, with centers located in Pune, Gurgaon, and Bengaluru.
Sudip Singh, MD & CEO of ITC Infotech, explained that the Bengaluru Solution Center was PTC’s first global facility, established through their long-standing partnershipGuoabong Stock. He highlighted that 60% of ITC Infotech’s revenues—around $500 million—come from sectors such as manufacturing, consumer packaged goods (CPG), and retail, which align with PTC’s focus.
As PTC aims to transition into the digital manufacturing space, ITC Infotech has been chosen as a key partner to facilitate this shift toward Software as a Service (SaaS) products. This partnership has already led to the creation of DxP Services, one of the world’s largest Product Lifecycle Management (PLM) ecosystems, by merging the global ex-PTC Professional Services team with ITC Infotech’s India-based Global Delivery CenterPune Investment. This collaboration resulted in a team of 900 PLM professionals, making it one of the largest in the field.
Barua added that PTC’s India team is responsible for developing critical mission-based products. “For instance, software developed in India is integral to building wind turbines. The defense sector is also a growing market for PTC, supported by significant momentum in India,” he said.
PTC’s clientele in India includes major companies such as TVS Motors, Tata Passenger Commercial Vehicle Group, Royal Enfield, Philips Healthcare, GE Healthcare, and Stryker.
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