Patent filings rise as Indian IT cos look to raise their game

Indian technology companies have stepped up filing patents as they build solutions and products in emerging technologies and look to monetise their IP and grow their business faster. The proliferation of digital technologies across industries is perhaps the biggest reason why these firms are rushing to create IP.

At Wipro, the number of patents filed has jumped to over 2,200 in FY19 from 221 in FY12. For industry leader Tata Consultancy Services, this number has touched 4,596 in FY19 from 1,746 in FY14, with over a thousand being granted already.

“In a world of rapid tech development, patents ensure that Wipro has the ability to deliver solutions in multiple new technologies and that access to new tech is not being walled off by other organisations creating patent rights for themselves,” said Ajay Bhaskar, global head-corporate strategy and IP, Wipro.

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