With thousands of companies available, choosing the top IT companies in India is challenging.
In 2020, the worldwide information technology marketplace took a tiny step backward in terms of gross revenue. Till August 2020, IDC was predicting a global ROI of $4.8 trillion, contrasted to their real assessment of $5.2 trillion.
While the technology domain prospered better than other fields throughout the pandemic, it wasn’t safe to cutbacks in deferment of chief investments and spending patterns. Moving ahead, IDC outlines that the IT industry is about to reach $5 trillion in 2022.
However, this blog isn’t about the growth of the IT sector; it is about the top IT companies in India. Hence, after examining several statistics, I have come up with a list of the top 10 IT companies available in the market. So, what are we waiting for? Let’s get started.
List of Top IT Companies in India
1. Tata Consultancy Service (TCS)– Largest IT Organization in India
TCS is the most prominent IT company in India in terms of ROI. Tata Consultancy Service is an IT business, consulting, and services provider associating with the world’s biggest companies in their revolutionizing voyages for several years.
The Organization provides a cognitive-powered, consulting-led, integrated portfolio of business, technology, and engineering services and solutions.
It is the largest corporation in India when it comes to Market Capitalization.
- ROE: 35.98 %
- Employees: 420,000+
- Sales Growth (3Yrs): 10.47 %
- Revenue: Rs 152,497 Cr
- Market Cap: Rs 845,337 Cr.
- Promoter holding: 72.05 %
A section of the Tata group, India’s most prominent multinational business association, TCS has more than 420,000 of the globe’s best-trained specialists in 50 countries.
The Organization created consolidated US $20B incomes for the year closed March 31, 2019. Besides, it is listed on the NSF ((National Stock Exchange) and BSE (formerly Bombay Stock Exchange) in India. The firm has a marketplace capitalization of 8,10,000 Crores.
Who doesn’t know Infosys! Introduced in 1981, it is an NYSE registered worldwide IT and consulting solutions company with over 228,000 workers. Infosys is the other company on my list of the best IT companies in India.
From funds of US$ 250 to convert a US$ 11.8B (FY19 profits) corporation with a business capitalization of around US$ 47.7B. The company is one of the trusted IT companies in India.
- ROE: 23.50 %
- Employees: 228,000
- Sales Growth (3Yrs): 9.81 %
- Revenue: Rs 87,371 Cr
- Market Cap: Rs 282,028 Cr.
- Promoter holding: 13.15 %
With 37+ years, the Organization has catalyzed a few of the significant modifications directed to India’s development as the worldwide goal for software solution expertise. Moreover, it is the first IT firm from India to be recorded on NASDAQ.
3. HCL Technologies
The third company I want to list is HCL Technologies. It is a reliable international IT services firm that aids enterprises in re-imagine and reconstructing their businesses via Digital technology transmutation.
HCL technologies concentrate on giving a combined portfolio of solutions indicated by its Mode 1–2–3 expansion approach.
- ROE: 25.76 %
- Sales Growth (3Yrs): 24.74 %
- Revenue: Rs 65,643 Cr
- Market Cap: Rs 153,370 Cr.
- Promoter holding: 60.00 %
The Organization leverages its comprehensive network of mixed co-innovation global and lab delivery abilities to give holistic multi-service distribution in essential industry verticals.
A few of these verticals include Financial Services, Oil & Gas, Publishing, Life Sciences & Healthcare, Manufacturing, Entertainment, Retail & CPG, Telecommunications, Transportation & Logistics, Media, Government, Travel, and Energy & Utilities.
Mode 1 comprises the crucial solutions in the regions of Apps, BPO and Engineering, Infrastructure, and R&D leveraging DRY iCE Autonomics to remodel clients’ IT and business landscape, allowing them to be ‘lean’ and ‘agile.
Mode 2 concentrates on experience-centric and result-oriented unified Cybersecurity & GRC, IoT WoRKS™, Digital & Analytics, Cloud Native Service to accelerate business results and facilitate business digitalization.
Mode 3 approach is creating innovative IP-partnerships and ecosystems–driven to develop goods and platforms business.
4. Wipro Limited
Wipro Limited is a trusted global IT business and consulting process services firm. The company is in the top 5 IT companies in India. It harnesses the potential of robotics, cognitive computing, cloud, analytics, and emerging technologies, and hyper-automation to accommodate our clients acclimate to the digital globe and make them victorious.
- ROE: 17.26 %
- Employees: 160,000
- Revenue: Rs 60,137 Cr
- Sales Growth (3Yrs): 4.82 %
- Market Cap: Rs 153,043 Cr.
- Promoter holding: 74.04 %
Wipro Limited is recognized for its extensive portfolio of solutions. It has a robust dedication to sustainability and excellent corporate citizenship. Besides, it has more than 160,000 dedicated workers assisting clients across six regions.
This is one of the top Indian IT companies to find views and join the dots to create a bold and better new future.
5. Redington India Ltd
Founded in 1993, Redington holds traversed a memorable and inspiring path to one of the most reliable Indian IT corporations.
The unbelievable journey has noticed us rise from a single brand, one market, and one product division into a US $6.7B supply chain and distribution solutions supplier to above 220 international marks in IT and Mobility areas, following over 30 developing markets.
- ROE: 15.00 %
- Sales Growth (3Yrs): 9.50 %
- Revenue: Rs 47,996 Cr.
- Market Cap: Rs 4,438 Cr.
- Promoter holding: 0.00 %
Nowadays, new-age innovations, including the Internet of Things (IoT), Artificial Intelligence (AI), 5G communications, and Robotics, Big Data, and Analytics are unlocking new opportunities and new possibilities for tomorrow.
6. Tech Mahindra Ltd
Tech Mahindra depicts the combined world, striving for innovative and user-centric information technology skills, allowing Associates, Enterprises, and the Society to grow.
The Organization is a 9B firm with over 125,700 experts across 90 nations, encouraging 941 global consumers, including Fortune 500 businesses. No doubt, it is one of the well-known IT corporations in India.
- ROE: 21.58 %
- Employees: 125,700
- Revenue: Rs 35,119 Cr
- Sales Growth (3Yrs): 9.45 %
- Market Cap: 70,141 Cr.
- Promoter holding: 35.88 %
Tech Mahindra design experiences, convergent, reusable assets, innovation platforms and relate across several innovations to provide substantial business experiences and value to our shareholders.
It is the highest positioned Non-U.S. firm in the Forbes Fab 50 companies in Asia (2018) and the Forbes Global Digital 100 list (2018).
7. Larsen & Toubro Infotech Ltd
It was established 20 years before as the information technology unit of the Larsen & Toubro group. Besides, it is among one of the top IT corporations in India.
- ROE: 34.63 %
- Sales Growth (3Yrs): 17.34 %
- Revenue: Rs 10,014 Cr
- Market Cap: Rs 29,302 Cr.
- Promoter holding: 74.62 %
LTI is a worldwide technology digital and consulting solutions business assisting more than 360 customers in succeeding in a concentrating globe. With services in 30 countries, digital revolutionization with LTI’s Mosaic podium lets their IoT, social, mobile, cloud, and analytics journeys.
8. Mphasis Ltd
The next company that I want to list is Mphasis Ltd.
Mphasis Ltd was incorporated in 1992 and serves marquee consumers globally, including three top global insurance firms, six top global banks, eleven out of fifteen best mortgage lenders, and around 22,000 workers across sixteen countries.
- ROE: 19.96 %
- Employees: 22,000
- Revenue: Rs 7,973 Cr
- Sales Growth (3Yrs): 8.33 %
- Market Cap: 17,738 Cr.
- Promoter holding: 52.22 %
Blackstone Private Equity, the world’s biggest equity company, gained Hewlett Packard Company’s stake (60.5 percent) in Mphasis.
This agreement outlines the largest technology financing and the largest takeover by Blackstone in India. The core reference of Mphasis tools & architectures, connected with powerful domain skills in Financial Services, Insurance verticals, and Banking.
9. Mindtree Ltd
Mindtree is an international IT company assisting enterprises in enhancing scale by agility to gain competitive benefit. “Born digital, in 1999 and presently a Larsen & Toubro Group organization, Mindtree utilizes its extensive area acquaintance to more than 350 enterprise customer engagements to tear down silos, bring new drives, and make sense of digital difficulty to market quicker.
- ROE: 24.94 %
- Employees: 21000
- Revenue: Rs 7,375 Cr
- Sales Growth (3Yrs): 14.54 %
- Market Cap: Rs 11,855 Cr.
- Promoter holding: 73.76 %
The firm allows IT to run at the business pace, leveraging developing technologies and regular delivery capabilities to encourage business innovation.
Working in over 15 countries worldwide built up of 21,000+ Employees, the company has gained a considerable market reputation.
10. Hexaware Technologies Ltd
Last but not least! Hexaware is one of the fastest-growing next-gen IT companies with a plethora of services. Founded in 1990, the Organization has paved its own path in the world of technology and innovation.
The firm is developed at the junction of modern technologies, such as automation, cloud computing, customer experience transformation, and more, helping in quick-tracking enterprises into the virtual era.
- ROE: 26.53 %
- Employees: 18,294
- Revenue: Rs 5,306 Cr
- Sales Growth (3Yrs): 14.17 %
- Market Cap: 10,165 Cr.
- Promoter holding: 62.45 %
HTL’s expansion tactic is additionally backed by growing global delivery inclination, with 33 worldwide offices and 18,294+ workers.
HTL services clients in more than two dozen languages. Moreover, they serve customers from each time zone and regulatory zone.
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The Final Thoughts on the Best Indian IT Companies
The list is long. However, I have mentioned the top 10 IT companies in India. Before hiring any of the companies for your next project, always check their portfolio. If you are looking forward to starting your career in the IT industry, these are the companies you can surely trust upon.
I hope you liked the blog. So, which IT company is your favorite? Let me know in the comment section below! Also, if you want me to add any other major company, mention it too.
Frequently Asked Questions
Which is the wealthiest or the richest IT company in India?
The list is as follows:
- Tech Mahindra
Which IT company is at no. 1 position in the world?
It is none other than Microsoft Corporation. It is headquartered in Washington, Redmond, and is one of the biggest organizations in the world. The products, such as Internet Explorer, Microsoft Office, and Microsoft Windows, and more, are being utilized by around every professional globally.
What is the richest online company?
Beating the competition, Alphabet is the largest internet company worldwide. It is the parent company of Google, having a market capitalization of more than 741B U.S. dollars.
Is Google an IT company?
Yes! Google specializes in Internet-related products and services, including cloud computing, online advertising technologies, a search engine, hardware, and software.