Top 10 Best Enterprise Tech Companies in India in 2022
What Exactly Is the Technology Industry?
The technology sector includes stocks involved in the development, production, or distribution of technologically related goods and services. Businesses in this area are involved in the production of electronics the development of software, computers, or information technology-related products and services.
Customers and other businesses can find a wide selection of products and services in the technology industry. Personal computers, mobile devices, wearable technology, household appliances, televisions, and other consumer items constantly improve and market to consumers with new features.
On the business side, firms rely on technological breakthroughs to develop enterprise software, manage logistics systems, protect databases, and deliver crucial information and services that allow them to make strategic business decisions. The word “technology sector” is sometimes interchangeably used with “technology industry.”
The technology sector includes businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other fields connected to information technology (IT).
Tech corporations spend a lot of money on research and development to take on more risky ventures with better long-term prospects.
Facebook, Twitter, and Instagram are all social networking networks run by tech businesses.
Businesses rely on the technology industry to help them develop and prosper.
Technology is frequently one of the most appealing growth assets in a country’s economy.
Recognising the Industry:
In many economies, the technology industry is the most attractive investment location. Apple, Google, Amazon, Meta (previously Facebook), Netflix, IBM, and Microsoft are all part of the US technological sector. These firms drive the IT industry’s development. The excitement surrounding their long-term potential has them trading at ludicrous price-to-earnings multiples compared to practically every other industry.
A big part of this expansion can be attributed to the hype that technology companies generate by creating entirely new business lines.
Growth in the Technology Sector:
Many times, the term “technology sector” has been widened to encompass enterprises that a more narrow group would better serve. At first, semiconductors, computing hardware, and communications equipment were the foundations of the sector. Furthermore, employment creation is part of growth. According to the US Bureau of Labour Statistics, jobs in computer and IT are expected to expand 13% between 2020 and 2030.
The advent of software businesses broadened the definition of technology to include everything that involves coding. Shortly more space was required to accommodate the influx of online enterprises during the Internet boom. These internet businesses were media and content businesses that worked with code as their medium. Others were busy releasing rich features that eventually evolved into e-commerce, social media, the sharing economy, and even cloud computing.
The technology industry currently has a varied range of businesses that the subsectors are significantly more relevant than the overall sector. Although there is no general agreement—some pundits demand a new industry for each innovation—the key buckets include semiconductors, software, networking and the Internet, and hardware.
All of the subsectors can then be further divided down. Wearables, peripherals, laptops, desktops, and so on are all examples of hardware. Although some may object that calling a cloud computing company a software company makes no sense, the arbitrary distinctions are more manageable than the massive “tech sector” title for every organisation.
TOP 5 REASONS WHY BUSINESS TECHNOLOGY IS IMPORTANT:
Take a look around you. The world we now live in is not the world in which we were born. In recent years, technology has changed the way we socialise, conduct business, shop, live, and work. It has become engrained in our daily lives and is now an unavoidable part of our existence.
The necessity of technology in business cannot be emphasised. Emerging trends are being used by businesses all over the world to help them gain a competitive advantage and drive strategy and growth. We can’t image conducting business without the Internet, video conferencing, project management software, and other technical advancements. In reality, technology’s influence in the workplace will only increase. If you haven’t already, this fact necessitates introducing technology into your procedures.
Here are some of the reasons why technology is so crucial for businesses:
Technology allows for more efficient, faster, and broader communication. Interactions inside your team and with clients, potential consumers, investors, and the general public fall under this category. Video conferencing through Skype and Zoom enables meetings across geographical boundaries. Software like Slack or Asana can help you streamline communication among your employees within your company. One can use it to keep track of projects, task specifics, deadlines, and so on, whether they operate from the same office or remotely. Email, newsletters, social media, and other platforms are essential communication tools.
- Safety and security:
With the rise of cyber-crime and data breaches, all firms must maintain a high level of security. Most of today’s corporate assets are stored in the cloud or on endpoints. As a result, businesses must take stringent measures to protect their data and that of their consumers.
Technology aids in the improvement of the system, product, and service efficiency. It aids in tracking and streamlining operations, maintaining data flow, and managing contacts and staff records. Increasing operational efficiency helps the company save money while also expanding quickly.
- Employee assistance:
Most employees believe that using the most up-to-date technologies when performing their jobs will help them achieve the greatest results. Companies must analyse the cost-output ratio and deploy appropriate measures to improve outcomes.
- Time and money
There’s no denying that technology allows organisations to accomplish more in less time without sacrificing product or service quality. In reality, it is already taking over duties formerly undertaken by humans. This helps by lowering personnel costs or directing them to areas most required.
To get the most out of technical tools, businesses must thoroughly understand them. Management information systems go a long way toward assisting businesses in keeping track of data, sales, production, and expenses. Data can be tilized to identify areas where there is room for improvement and expansion. Businesses that can effectively manage information systems will streamline administrative procedures, cut operating expenses, innovate, expand into new areas, improve customer service, and gain a competitive advantage in the market.
The Top 10 Best Enterprise Tech Companies in India in 2022 are as follows:
1. Hyperlink Infosystem
Hyperlink Infosystem, founded in 2011, is a well-known mobile app development business and the leading IT Software Solutions provider situated in New York, USA and India. Aside from that, they have sales offices in California and Dubai, United Arab Emirates.
Hyperlink InfoSystem creates the most innovative and visually appealing mobile apps and websites. They provide a variety of bespoke services, including mobile app development, website development, AR-VR development, game development, blockchain development, and much more. Their knowledgeable staff and high-quality products are designed to help you expand your business. They believe in providing services without sacrificing quality or timeliness.
They are ISO 27001:2013 certified and proud members of GESIA (Gujarat Electronics & Software Industries Association).
Hyperlink InfoSystem is a leading UK mobile app development firm that prides itself on its expertise and technological quality. Hundreds of mobile applications with simple and complicated functionality have been produced. They take the time to learn about your goals and initiatives and then adjust to your budget flexibly and decisively.
It specializes in the development a variety of mobile applications. They leverage user experience to design and develop applications. And provide consulting services and work with medium and large businesses as technical partners.
Work Experience: 9+
Clutch Ratings: 4.9
Apps Developed: 3200+
Salesforce Projects: 35+
AI Apps: 50+
IoT Projects: 40+
Websites Designed: 1600+
Team Strength: 350+
2. HCL Technologies
HCL Technologies is a global Indian information technology (IT) services and consulting company headquartered in Noida, Uttar Pradesh. It is a subsidiary of HCL Enterprise. When HCL entered the software services market in 1991, it began as a research and development section of HCL before becoming an independent company in 1991.
The company employs approximately 187,000 people and services 250 Fortune 500 and 650 Global 2,000 firms through offices in 50 countries, including the United Kingdom, the United States, France, and Germany, and a global network of R&D, “innovation laboratories,” and “delivery centres.”
Among the industries in which it operates are aerospace and defence, banking, capital markets, chemical and process industries, energy and utilities, healthcare, industrial manufacturing, consumer goods, insurance, manufacturing, media and entertainment, mining and natural resources, oil and gas, retail, telecom, travel, transportation, logistics, and hospitality.
HCL Technologies is included in Forbes’ Global 2000 list. It is one among India’s top 20 publicly traded companies, with a market capitalization of $50 billion as of September 2021. The corporation and its subsidiaries had a consolidated yearly revenue of 71,265 crores (US$10 billion) as of July 2020.
It is a multinational information technology corporation based in India, specialising in business consulting, information technology, and outsourcing. The company was established in the Indian city of Pune. By 2020 sales projections, Infosys is the second-biggest Indian IT business. According to the Forbes Global 2000 list, it is the 602nd largest public company in the world, behind Tata Consultancy Services.
Infosys became the fourth Indian business to reach a market valuation of $100 billion on August 24, 2021.
It is a global leader in digital services and consulting for the future generation. Clients in more than 50 countries rely on us to help them negotiate their digital transformation. They professionally guide clients through their digital journey with over three decades of experience managing the systems and workings of global organisations.
Infosys accomplish this by providing the enterprise with an AI-powered core that aids in the prioritisation of change implementation. They also equip the company with agile digital at scale, allowing it to achieve previously unheard-of performance levels and customer delight. Their always-on learning agenda drives their ongoing advancement by developing and transmitting digital skills, experience, and ideas from the innovation ecosystem.
Mphasis Limited, situated in Bangalore, India, is a worldwide information technology services and consulting firm. The organisation provides infrastructure technology and application outsourcing, architecture guidance, application development and integration, and application administration.
Financial services, telecommunications, logistics, and technology are among the industries served. In 2019, Fortune India 500 placed Mphasis #7 in India IT firms and #189 overall. Hewlett Packard Enterprise sold a majority share in Mphasis to Blackstone Group LP for roughly $1 billion in April 2016.
As a leading applied technology services organisation, they innovate to achieve service quality and effective outcomes across sales, delivery, and development. They anticipate the future of applied technology and predict tomorrow’s trends with their fast, elegant, and customer-centric strategy to keep clients at the top of an ever-changing marketplace. Their next-generation solutions, which start with architecture and design, help businesses speed their digital transformation.
It believes in customer centricity, represented in Mphasis’ Front2BackTM (F2B) transformation methodology. F2B is a customer-in-view approach that employs industry-specific X2C2TM architecture to revolutionise businesses by using the power of cognitive technologies and rich data stored in their systems. It’s a way to use disruptive technologies to modify legacy surroundings intelligently.
Mphasis’ Service Transformation methodology helps businesses shrink the core’ by applying digital technologies across legacy environments within an organisation, allowing them to stay ahead of the curve in a changing world. Mphasis’ core reference architectures and technologies and its speed and innovation combined with domain expertise and specialisation are critical in forging strong bonds with marquee clients.
These three words define Mphasis’: passion, perseverance, and perfection. Mphasis is unyielding in their pursuit of knowledge, believing in accepting differences and forging the “new normal” while remaining committed to their vision and beliefs. They believe in knowledge-based growth, authority-based responsibility, and flexibility-based freedom.
5. Tata Consultancy Services
TCS is a multinational IT services company based in India and consultancy company headquartered in Mumbai, Maharashtra, with a primary campus in Chennai, Tamil Nadu. As of February 2021, TCS was the world’s largest IT services company by market capitalization ($200 billion). It is a Tata Group business with operations in 149 locations in 46 countries.
TCS is India’s second-largest corporation by market capitalisation and one of the world’s most valuable IT services brands. TCS was ranked 64th overall in Forbes’ World’s Most Innovative Companies ranking in 2015, making it the highest-ranking IT services company and the top Indian company.
In 2018, it is ranked eleventh on the Fortune India 500 list. TCS became the first Indian IT company to exceed $100 billion in market capitalization and the second Indian company ever after its market capitalisation reached 6.793 trillion (equivalent to 7.7 trillion or US$100 billion in 2020) on the Bombay Stock Exchange in April 2018.
Tata Sons’ parent firm held 72.05 per cent of TCS in 2016–2017, and TCS produced more than 70% of Tata Sons’ dividends. Tata Sons chose to sell $1.25 billion worth of TCS stock in a bulk sale in March 2018. It became the first Indian IT company to reach a market capitalisation of $200 billion on September 15, 2021.
A mission-driven organisation that uses innovation, technology, and collective knowledge to create a meaningful future. It is part of the Tata group, India’s largest multinational corporate conglomerate, employing over 500,000 world-class consultants in 46 countries. The corporation, listed on the BSE (previously Bombay Stock Exchange) and the NSE (National Stock Exchange) in India, produced consolidated revenues of US $22.2 billion in the fiscal year ending March 31, 2021.
TCS has been included in key sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index for its proactive stance on climate change and award-winning work with communities worldwide.
Accenture is an Irish-based global professional services organisation that specialises in information technology (IT) services and consulting. It was a Fortune Global 500 firm in 2021, with revenue of $50.53 billion. 91 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500 are among Accenture’s current clients.
Julie Sweet has been the CEO of Accenture since September 1, 2019.
Accenture has been incorporated in Dublin, Ireland, since 2009.
Accenture is a worldwide professional services firm that specialises in digital, cloud, and security solutions. It offers Strategy & Consulting, Interactive, Technology, and Operations services powered by the world’s largest network of Advanced Technology and Intelligent Operations centres, with unparalleled experience and specialised talents across more than 40 sectors.
Every day, its workers fulfil the promise of technology and human inventiveness for clients in more than 120 countries. For their customers, people, shareholders, partners, and communities, they believe in the potential of transformation to produce value and shared success.
Wipro Limited, headquartered in Bangalore, Karnataka, India, is an Indian multinational conglomerate. FMCG, lighting, information technology, and consultancy are among the company’s numerous operations. According to the Fortune India 500, it is the 29th largest Indian firm in total sales. With nearly 221,000 people, it is also India’s ninth-largest employer.
Wipro Limited is a significant worldwide information technology, consulting, and business process services firm. To assist their clientele in adjusting to the digital world and succeed, they use cognitive computing, hyper-automation, robots, cloud, analytics, and emerging technologies. They have over 220,000 dedicated workers serving clients across six continents and are known globally for their extensive services, a solid commitment to sustainability, and good corporate citizenship. They find new ideas and connect the dots to create a better and more courageous future.
8. Capgemini India Pvt ltd
Capgemini SE is a French multinational consulting and services firm specialising in information technology (IT). The headquarters of the corporation are in Paris, France.
Capgemini is a global leader in collaborating with organisations to help them use technology to transform and manage their operations. The Group is guided by its objective of unleashing human potential through technology for a more inclusive and sustainable future every day. With 300,000 employees in 50 countries, it is a responsible and varied organisation.
Clients trust Capgemini to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast-evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering, and platforms, thanks to its strong 50-year heritage and deep industry expertise. The Group reported global revenues of €16 billion in 2020.
9. Tech Mahincdra
Tech Mahindra is a multinational IT services and consulting company based in India. It is headquartered in Pune and is a subsidiary of the Mahindra Group. Tech Mahindra has 125,236 workers in 90 countries and a market capitalisation of $5.2 billion. In the Fortune India 500 list for 2019, the company was placed #5 in India’s IT firms and #47 overall. Tech Mahindra announced a merger with Mahindra Satyam on June 25, 2013. As of April 2020, Tech Mahindra has 973 active clients.
Tech Mahindra represents the linked world, enabling Enterprises, Associates, and Society to RiseTM by providing innovative and customer-centric information technology experiences. It is a USD 5.1 billion firm with 126,200+ employees in 90 countries serving 1058 global clients, including Fortune 500 companies.
It is focusing on enabling end-to-end digital transformation for international customers by leveraging next-generation technologies such as 5G, Blockchain, Cybersecurity, Artificial Intelligence, and more. Tech Mahindra is one of the fastest-growing companies globally, ranking in the top 15 IT service providers. Tech Mahindra has long been a leader in sustainability, earning a spot on Corporate Knights’ list of the “Global 100 Most Sustainable Corporations in the World” for 2021.
Tech Mahindra believes that the ‘Future is Now’ and seeks to deliver tomorrow’s experiences today. They are part of the Mahindra Group, founded in 1945 and is one of the world’s largest and most admired multinational conglomerates, employing over 260,000 people in more than 100 countries.
It is the world’s largest tractor company by volume and holds a dominant position in India’s farm equipment, utility vehicles, information technology, and financial services. Renewable energy, agriculture, logistics, hotels, and real estate are all areas with a prominent presence. With a mission of driving good change in the lives of communities and stakeholders to enable them to rise, the Mahindra Group has a clear focus on leading ESG worldwide, helping rural prosperity and upgrading urban living.
10. HData Systems
HData Systems is an Indian software and data science firm that assists organisations in improving their efficiency and analytical procedures. The organisation provides data science, app development, AI, custom software development, big data analytics, automation, machine learning, and other services.
Edited and published by Ashlyn