Desi Tamasha

It's been an exciting trip so far. Silicon Valley is always optimistic, talks of hockey-sticks and invents new buzzwords constantly. But barring Google, revenues and profits for new companies haven't done very well lately. Most of the Web 2.0 companies don't really make any serious money and are not growing all that big very quickly.

The Business Process Outsourcing (BPO) world, on the other hand, is growing at 38% annually, is extremely profitable and there are some good IPOs on its horizon, especially that of GenPact. Even the smallest, newest outfit in the BPO space is profitable almost from day 1 and growing like crazy.