In the last few years, India has become home to some of the world’s largest IT companies. Undeniably, IT has expanded its verticals and has presented itself as a demanding career. Especially in India, IT has presented numerous job opportunities to millions and millions of IT aspirants. The growth of IT aspirants and IT companies has simultaneously increased to meet each other’s requirements. Cities like Pune Bangalore, and Hyderabad are well-known IT hubs in India. This blog will bring you detailed information on the Top 10 IT companies in India.
1. Oracle Fin Serv
- CEO: Srinivasan Raghunathan
- Headquarters: Bangalore, India
- Founded in: 1998
- Business & Industry: Financial services software
- Market Cap: $339.52 billion
Oracle Financial Services Software (OFSS), an Oracle subsidiary serving the financial industry, has announced key developments: a partnership with Google Cloud to boost cloud adoption, the launch of Oracle Financial Services Retail Banking Cloud, and winning a contract from the Reserve Bank of India for digital currency services. Future goals involve expanding cloud solutions, investing in AI and machine learning, and global growth. With 9,000+ employees across 145 countries, 2022 revenue of US$640 million, and an 11th global IT provider ranking by IDC, OFSS is thriving. Employee reviews highlight work-life balance, growth opportunities, and a supportive culture.
2. Tata Consultancy Service
- CEO: K. Krithivasan
- Headquarters: Mumbai, India
- Founded in: 1968
- Business & Industry: Information technology (IT) consulting, outsourcing, and business solutions
- Market Cap: $152.93 billion
Tata Consultancy Services (TCS), an Indian IT services giant and part of the Tata Group, operates globally with 600,000 employees across 46 countries. It ranks second in Indian market capitalization and excels as a top IT service brand worldwide. Noteworthy highlights include a $300 million investment in digital capabilities, securing a US Department of Defense contract, and being named the world’s most valuable IT services brand by Brand Finance in April 2023. TCS aims to achieve $250 billion in revenue by 2030, lead in digital transformation, and create one million jobs in India by 2025.
3. Infosys
- CEO: Salil Parekh
- Headquarters: Bengaluru, India
- Founded in: 1981
- Business & Industry: Information technology (IT) services and consulting
- Market Cap: $72.88 billion
Infosys, based in Bengaluru, India, is a leading IT multinational among India’s Big Five. Its market value, as of September 2023, stands at $73.71 billion. Recent moves include a $39 million investment in a Pune development center, plans to hire 10,000 US employees, and a $1.5 billion contract with the US Department of Defense. Future objectives encompass cloud expansion, AI and ML investment, and digital transformation leadership. Infosys is India’s third-largest IT firm by market cap, boasts 280,000 global employees, serves major clients like Walmart, Coca-Cola, and Amazon, and is a top Indian IT employer.
4. HCL Technologies
- CEO: C. Vijayakumar
- Headquarters: Noida, India
- Founded in: 1976
- Business & Industry: Information technology (IT) services and consulting
- Market Cap: $41.38 billion
HCL Technologies, based in Noida, India, is the third-largest Indian IT services company. Recent highlights include a $1.8 billion acquisition of US-based Alight Solutions, a contract win with the US Department of Defense for cloud-based IT services, and the launch of an innovation center in Tel Aviv, Israel. HCL’s strategy focuses on expanding cloud and digital capabilities, investing in AI and machine learning, and growing its presence in the US and developed markets. With over 220,000 employees and $26.6 billion in 2022-23 revenue, it is a global IT leader with significant growth potential.
5. Wipro Limited
- CEO: Thierry Delaporte
- Headquarters: Bangalore, India
- Founded in: 1945
- Business & Industry: Information technology, consulting
- Market Cap: $26.68 billion
Wipro Limited, headquartered in Bangalore, India, is the third-largest IT company in the country. Recent highlights include being named a Leader in the 2023 Gartner Magic Quadrant for Public Cloud IT Transformation Services, securing a $1 billion deal with Jaguar Land Rover, and appointing Abidali Neemuchwala as chairman. Future goals include reaching a $50 billion valuation by 2030, becoming a leader in cloud computing, AI, and machine learning, and expanding globally. Founded in 1945, Wipro has over 220,000 employees in 60 countries, serving clients like GE, Cisco, and Microsoft, and winning numerous innovation and sustainability awards.
6. LTIMindtree Ltd.
- CEO: Debashis Chatterjee
- Headquarters: Bengaluru, India
- Founded in: 1996
- Business & Industry: Information technology (IT) services
- Market Cap: $19.31 billion
LTIMindtree Limited, a Mumbai-based IT company formed from the merger of Larsen & Toubro Infotech and Mindtree in November 2022, has unveiled a new brand identity and plans to hire 10,000 employees in the coming fiscal year. Their future goals include global expansion, service diversification, research investment, and leadership in digital transformation. With 82,738 employees (as of June 2023), a presence in 30+ countries, and services spanning digital transformation, cloud computing, and more, LTIMindtree is poised for success in the evolving IT landscape.
7. Tech Mahindra Ltd.
- CEO: CP Gurnani
- Headquarters: Mumbai, India
- Founded in: 1986
- Business & Industry: Information technology, consulting, and business reengineering services
- Market Cap: $14.96 billion
Tech Mahindra, an Indian IT powerhouse headquartered in Pune, recently secured a ₹10 billion contract from the Indian government for National Health Mission IT services. They also launched an innovation lab in Pune, focusing on automotive, manufacturing, and healthcare technologies. The company further expanded its digital capabilities by acquiring a majority stake in Tenzing. With over 148,000 employees and a presence in 90+ countries, Tech Mahindra ranks 3rd in Forbes Global 2000 and is India’s 2nd largest IT firm. Their goals encompass leadership in digital transformation, global expansion, and sustainability, promising a bright future.
8. MphasiS Ltd.
- CEO: Nitin Rakesh
- Headquarters: Bangalore, India
- Founded in: 1992
- Business & Industry: Information technology (IT) services
- Market Cap: $5.63 billion.
Mphasis Limited, based in Bangalore, India, is a multinational IT company, excelling in digital transformation, cloud computing, engineering, and business process management. Notable recent developments include acquiring Axtria in April 2023, securing a $100 million US Department of Defense IT contract in May 2023, and opening a London office in June 2023 for European expansion. Future goals include expanding cloud services, investing in AI and ML, and entering North American and European markets. With 23,000+ employees and operations in 30+ countries, Mphasis consistently ranks among India’s top 10 IT firms, poised for sustained growth.
9. Persistent
- CEO: Sandeep Kalra
- Headquarters: Pune, India
- Founded in: 1990
- Business & Industry: IT services, consulting, and digital engineering
- Market Cap: $5.54 Billion
Persistent Systems is a prominent IT services and consulting firm specializing in application development and business intelligence. Recent developments include the acquisition of Avana Solutions, a US-based IT services company, and securing a pivotal government contract for the National Payments Corporation of India. Persistent Systems is committed to global expansion, tech investments in cloud and AI, and the development of IoT and Industry 4.0 solutions, supported by 25,000+ employees and a 2022-23 revenue of ₹31,885 crores (US$4.3 billion).
10. KPIT Tech
- CEO: Karthikeyan Natarajan
- Headquarters: Pune, India
- Founded in: 1988
- Business & Industry: Information technology, software development, automotive engineering
- Market Cap: $3.86 Billion
KPIT Technologies serves the global automotive and mobility sectors. With a market cap of about US$4.1 billion (as of September 8, 2023), KPIT recently partnered with ZF for electric vehicle software, achieved 50% YoY growth in Q4 CC revenue (Rs 1,156 crore), and earned the “Automotive Supplier of the Year” award from Frost & Sullivan. KPIT aims to reach Rs 10,000 crore in revenue by 2025, expand globally, and hire 10,000 employees in three years. Serving top manufacturers like Audi, BMW, Daimler, Ford, General Motors, and Volkswagen, KPIT is a major player in the automotive industry.
Growth of Top IT companies is taking the next step in building the industry and are working with advanced technologies including IoT, and AI. IT professionals must remain optimistic about their future prospects. The involvement and utilization of trending technologies are expanding IT companies and helping them achieve growth and success. Company growth is nothing but the contribution of employees. The above-listed top 10 IT companies are experiencing enormous growth and can help one build a better tomorrow.
Also Read: Top 10 Solar Companies In India
