A Study on Working Capital Strategies of Indian ITes Industry

Working capital strategies are amongst the significant ones for every business enterprise. In this context, the current study examined the working capital strategy in terms of current asset structure, current liability structure, working capital policy comprising current asset investment, financing, inventory policy, and credit policy of the Indian ITes industry over a period of 15 years. The analysis revealed that the asset structure of ITes industry is liquid with a higher proportion of current assets. Receivables comprised the major component in the current asset structure and Trade Credit dominated the current liability structure. The industry pursued an aggressive working capital financing strategy