According to the NASSCOM report, it is estimated that IT companies’ exports from India increased by 8.3% in the fiscal year 2020 to $136 billion. Technological advances are altering our lives in significant ways. As technological advancements like cloud computing, artificial intelligence (A.I.), machine learning, robotics, IoT, augmented reality and virtual reality continue to increase, every aspect of the human experience will continue to change. The top software companies in India are listed here.
Largest IT Companies in India
The following is a list of the top 10 most prominent IT companies in India. The companies are ranked according to sales over the past few years. In the category of software companies:
- Tata Consultancy Company – India’s largest Information Technology (IT) company.
As measured by revenue, Tata Consultancy Services is the largest IT Company in India. For more than fifty years, TCS has provided IT services, consulting and business solutions to the world’s largest companies.
Business, technology, and engineering services and solutions are available through a consulting-led, cognitive-powered, integrated portfolio from TCS. According to its market capitalization, TCS is the largest Company in India, and in 2021, it will be the largest out of the top 10 Indian IT companies.
- Revenue: Rs. 1.67 lakh crores
- No. of Employees: 5,28,748
- ROE: 37.41 %
- Sales Growth: 22 Billion U.S. Dollars
- Promoter holding: 72.19 %
With over 420,000 best-trained consultants in 50 countries, TCS is part of the Tata group, India’s largest multinational business group. There are a lot of software companies in India, but TCS is among the largest ones.
In addition to being listed on BSE (formerly Bombay Stock Exchange) and NSE (National Stock Exchange) in India, the Company generated consolidated revenue of U.S. $20 billion for the year ended March 31, 2020. There are 810,000 crores of market capitalization in the Company.
India’s largest software company. With over 228,000 employees, Infosys is a global consulting and IT services company listed on the NYSE. The Company ranks second among the top 10 IT companies in India for 2021.
The market capitalization of the IT Company is around US$ 47.7 billion; the Company grew from a capital of US$ 250 to 11.8 billion (FY19 revenues). The Company is one of the best in India.
- Revenue: 13.56 Billion U.S. Dollars
- No. of Employees: 2,59,619
- ROE: 25.14 %
- Sales Growth (3Yrs): 19.4 %
- Promoter holding: 13.12 %
The rise of India as a global hub for IT talent has been driven by company-led changes over the last 37 years. Its first NASDAQ listing occurred in 1998.
- HCL Technologies
The IT company HCL Technologies is among the best in India. Digital technology transformation helps global enterprises reimagine and transform their businesses through the Company’s international IT services.
Under its Mode 1–2–3 growth strategy, the Company provides an integrated portfolio of services. It is the third-largest IT company in India.
- Revenue: Rs 20,655 Cr
- ROE: 24.69 %
- Sales Growth: 12.5 %
- Promoter holding: 43.87 %
Global delivery capabilities and integrated co-innovation labs allow the Company to provide holistic multi-services. They serve key industry verticals such as Financial Services, Manufacturing, Telecommunications, Media, Publishing, Entertainment, Retail, CPG, Oil & Gas, Energy, and Utilities, Travel, Transportation & Logistics.
With the first mode, DRYICETM Autonomics makes the client’s business and IT landscape lean and agile by leveraging the core services of Applications, Infrastructure, BPO, and Engineering, as well as R&D.
To help enterprises achieve digital transformation, Mode 2 offers integrated offerings spanning Digital & Analytics, IoT WoRKSTM, Cloud Native Services, and Cybersecurity & GRC.
Model three is ecosystem-driven, focused on building products and platforms by partnering with innovative IP-holders.
- Wipro Limited
Wipro Limited is based in New York City, and the Company provides information technology and business process services worldwide. The Company is among India’s top-five IT companies.
The tools to help clients adapt to the digital age include cognitive computing, robotics, cloud computing, analytics, and emerging technology. The Company is ranked fourth on the top Indian IT companies list.
- Revenue: Rs. 75,000 Cr
- No. of Employees: 2,21,890
- ROE: 19.6 %
- Sales Growth: 19 %
- Promoter holding: 73.02 %
Over 160,000 dedicated employees serve clients on six continents, making it one of India’s leading IT companies. The Company has been recognized globally for its comprehensive services, commitment to sustainability, and good corporate governance. For a better and bolder future together, one of the best Indian IT companies is exploring ideas.
- Redington India Ltd
Redington was founded in 1993 and has evolved into one of India’s leading IT companies over the years. It is one of India’s top-five IT companies.
Since they began as one brand, one product category, and one market, we have grown into a U.S. $6.7 billion distributor and supply chain management service provider for more than 220 international companies in the IT and Mobility sector.
- Revenue: Rs 46,599 Cr.
- ROE: 16.4 %
- Sales Growth: 9.50 %
- Promoter holding: 0.00 %
Technology such as Artificial Intelligence (A.I.), Robotics, Big Data and Analytics, Internet of Things (IoT), and 5G communications present new opportunities for the future. They are the fifth-largest Company in the Indian IT sector.
- Tech Mahindra Ltd
Their Connected World offering provides Enterprises, Associates, and the Society with information technology experiences that enable them to rise.
In addition to helping 941 global customers, the Company employs 125,700+ professionals across 90 countries. Tech Mahindra Ltd is among India’s top IT companies, and Mahindra Group owns it.
- Revenue: Rs 38,642 Cr
- No. of Employees: 1,25,236
- ROE: 19 %
- Sales Growth: 12 %
- Promoter holding: 35.68 %
They deliver tangible business value and experiences through convergent, digital, and innovation platforms and reusable assets. Tech Mahindra has been ranked as the top non-U.S. enterprise in Forbes Global Digital 100 and Forbes Fab 50 Asia.
- Larsen & Toubro Infotech Ltd
The Larsen & Toubro, information technology arm was founded 20 years ago. It is one of India’s top IT firms.
- Revenue: Rs 12,644 Cr
- ROE: 30.5 %
- Sales Growth: 9.1 %
- Promoter holding: 74.09 %
The LTI Group provides technology consulting and digital solutions to more than 360 clients worldwide. LTI’s Mosaic platform enables mobility, social, analytics, IoT, and cloud transformations for enterprises operating in 30 countries.
- Mphasis Ltd
The Company has about 22,000 employees spread across sixteen countries, serving marquee clients such as six of the top fifteen banks and eleven of the top fifteen mortgage lenders. They are among the leading software companies in India.
- Revenue: Rs 9,722 Cr
- No. of Employees: 29,473
- ROE: 19.7 %
- Sales Growth: 12.9 %
- Promoter holding: 0 %
Hewlett Packard Enterprise acquired 60.5% of Mphasis from Blackstone Private Equity, the world’s largest private equity firm. Blackstone has made its most significant technology investment and largest acquisition in India through this deal. Core reference architectures & tools from Mphasis, combined with solid domain expertise in the Banking, Finance, and Insurance sectors.
- Mindtree Ltd
To achieve a competitive advantage, Mindtree helps enterprises combine scale with agility. The Company was born digital in 1999, and today it is a Larsen & Toubro Group company. Mindtree’s deep domain knowledge is applied in 350+ engagements with enterprise clients to break down silos, simplify digital complexity, and accelerate new initiatives.
- Revenue: Rs 7,839.9 Cr
- Employees: 23,814
- ROE: 29.7 %
- Sales Growth (3Yrs): 8.6 %
- Promoter holding: 61.02 %
By leveraging emerging technologies and the efficiencies of Continuous Delivery, the Company enables IT to move at the speed of business. It has more than 21,000 employees in 15 countries worldwide, and it is one of India’s top software companies.
- Hexaware Technologies Ltd
Hexaware is an international leader in IT, BPO, and consulting services and one of the fastest-growing companies in these fields. The Company is ranked among India’s leading IT firms.
They combine advanced technologies – AUTOMATE EVERYTHING, CLOUDIFY EVERYTHING, and TRANSFORM CUSTOMER EXPERIENCESTM – to help enterprises become digitally engaged.
- Revenue: Rs 1,586 Cr
- No. of Employees: 19,833
- ROE: 25.4 %
- Sales Growth: 6.6 %
- Promoter holding: 62.45 %
With 33 global offices and 18,294+ employees, HTL’s growth strategy is further bolstered by expanding its global delivery capabilities. Their customers come from every central time zone and regulatory zone, and we speak over two dozen languages.
Article Proofread and Edited by Shreedatri Banerjee