Software industry in Telangana

This was done through a public-private partnership with Bharat Biotech International and its founder, Krishna Ella, along with private infrastructure companies like Shapoorji Pallonji Group and ICICI Bank.

[17] WaveRock SEZ houses over 25 IT companies including marquee clients such as Apple, GAP, Accenture, Development Bank of Singapore, DuPont among others, and has close to 25,000 to 30,000 employees working out of the premises.

In December 2019, WaveRock was bought by the Shapoorji Pallonji Real Estate Fund (SPREF II) for Rs 1,800 crore from Tishman Speyer.

It is home to global behemoths like JP Morgan,[18] Intel, Microsoft, Goldman Sachs,[19][20] Novartis Healthcare, Synchrony Financial, AMD and KPMG.

[21][22] In February 2016, Telangana Information Technology, Electronics and Communications Minister K. T. Rama Rao laid the foundation stone for IT incubation centre at Madikonda, Warangal.

[25] Outside of Warangal, the state has set up similar IT Hubs in Tier-2 Towns and Cities like Khammam, Karimnagar, Adilabad, Ramagundam, Mahabubnagar, Nizamabad, Nalgonda, Siddipet, and Suryapet.