Nowadays, information technology ( IT ) is the most famous industry in the world. It has the power to transform the thoughts of the users into reality. The companies that provide information technology services are known as IT companies. The IT companies are working on technologies like machine learning, networking, cloud, internet of things, web technologies and mobile technologies etc. IT companies are adopting new technologies and meeting the needs of the users.

There are many IT companies in India. Information technology companies hire many employees every year and train them in the latest technologies. The main aim of the companies is to provide secure, reliable, user-friendly and robust services to the users. But Only a Few companies have secured a place in the Top 10 IT Companies In India with their outstanding performance.

top-10-it-companies-in-india

Before moving on to the Top 10 IT Companies In India Let Us See The Overview of the IT Services Industry.

Overview of IT Industry

Information technology in India is an industry that consists of two main components: IT services and business process outsourcing (BPO). The IT industry accounted for 8% of India’s GDP in 2020. The revenue of the IT and BPM industry is estimated to be US$ 194 billion in FY 2021, an increase of 2.3% over the previous year. The domestic revenue of the IT industry is estimated at US$ 45 billion and export revenue at US$ 150 billion in FY 2021.

The IT-BPM sector employs a total of 4.5 million people as of March 2021. The Indian IT-BPM industry has the highest attrition rate. As a global outsourcing hub, the Indian IT industry is notorious for exploiting cheap labour. As the IT-BPM sector evolves, many fear that artificial intelligence (AI) will lead to significant automation and destroy jobs in the coming years. The United States accounts for two-thirds of India’s IT services exports.

The total industry revenue IT-BPM (excluding hardware and e-commerce) is $175 billion in 2019-20. The export earnings of this industry (excluding hardware and e-commerce) are estimated to be nearly $147 billion in 2019-20. In terms of FDI inflows, the computer software and hardware sector attract the second-highest FDI. Between April 2000 and March 2021, over US$ 71 billion flowed into this sector.

India is one of the preferred destinations when it comes to setting up Global Capability Centres (GCCs). 50% of all GCCs are located in India and employ more than 1 million professionals. The Indian data centre industry has attracted investments of over $396 million in 2020. It is estimated that per capita data consumption will increase to 25 GB/month by 2025.

Credits: Invest India

Top 10 IT Companies In India

1. TCS

  • Revenue: Rs 1,35,963 Crore
  • Market Cap: Rs 12,85,660.79 Crore
  • Total Assets: Rs 1,06,221 Crore
  • Promoter Holding: 72.19%
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: TCS

Tata Consultancy Services (TCS) is an Indian multinational information technology ( IT ) services and consulting company headquartered in Mumbai, Maharashtra, India with its largest campus located in Chennai, Tamil Nadu, India. As of February 2021, TCS is the largest IT services company in the world by market capitalization ($200 billion). It is a subsidiary of Tata Group and operates in 149 locations in 46 countries.

TCS is the second-largest Indian company by market capitalization and is among the most valuable IT services brands in the world. In 2015, TCS ranked 64th in Forbes World’s Most Innovative Companies ranking, making it both the highest-ranked IT services company and the best Indian company. In 2018, the company is ranked eleventh on the Fortune India 500 list. In April 2018, TCS became the first Indian IT company to reach a market capitalization of $100 billion and the second Indian company ever (after Reliance Industries in 2007) after its market capitalization on the Bombay Stock Exchange reached ₹ 6.793 trillion (equivalent to ₹ 7.7 trillion or $100 billion by 2020).

The Company is Ranked 1st in the List of Top 10 IT Companies in India in terms of Market Cap.

Total Profit: Rs 30,960 Crores

2. Infosys

  • Revenue: Rs 85,912 Crore
  • Market Cap: Rs 7,48,880.33 Crore
  • Total Assets: Rs 92,984 Crore
  • Promoter Holding: 13.12%
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: INFY

Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. The company was incorporated in Pune and is headquartered in Bangalore. Infosys is the second-largest Indian company by revenue in 2020 IT after Tata Consultancy Services and the 602nd largest public company in the world according to Forbes Global 2000 rankings. The company’s credit rating is CRISIL AAA / Stable / CRISIL A1+ (rated by CRISIL).

On August 24, 2021, Infosys became the fourth Indian company whose market capitalization crossed the $100 billion mark.

The Company is Ranked 2nd in the List of Top 10 IT Companies in India in terms of  Market Cap.

Total Profit: Rs 18,048 Crores

3. Wipro

  • Revenue: Rs 50,299.40 Crore
  • Market Cap: Rs 3,56,749.37 Crore
  • Total Assets: Rs 5,209.12 Crore
  • Promoter Holding: 73.02%
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: WIPRO

Wipro Limited is an Indian multinational company that provides information technology, consulting and business process services. According to Fortune India 500, it is the 29th largest Indian company in terms of total revenue. It is also the 9th largest employer in India with over 221,000 employees. The company is headquartered in Bangalore, Karnataka, India.

The Company is Ranked 3rd in the List of Top 10 IT Companies in India in terms of Market Cap.

Total Profit: Rs 10,060.90 Crores

4. HCL Tech

  • Revenue: Rs 35,673 Crore
  • Market Cap: Rs 3,03,984.76 Crore
  • Total Assets: Rs 3,993.80 Crore
  • Promoter Holding: 60.33%
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: HCLTECH

HCL Technologies is an Indian multinational information technology (IT) services and consulting company headquartered in Noida, Uttar Pradesh, India. It is a subsidiary of HCL Enterprise. Originally a research and development division of HCL, it was established as an independent company in 1991 when HCL entered the software services business. The company has offices in 50 countries, including the United Kingdom, the United States, France and Germany, with a global network of R&D, “Innovation Labs” and “Delivery Centers”, over 187,000 employees and counts 250 of the Fortune 500 and 650 of the Global 2,000 companies as its customers.

The company operates in a variety of sectors, including aerospace and defence, automotive, banking, capital markets, chemicals and process, energy and utilities, healthcare, high-tech, industrial manufacturing, consumer products, insurance, life sciences, manufacturing, media and entertainment, mining and natural resources, oil and gas, retail, telecommunications, and travel, transportation, logistics and hospitality.

HCL Technologies is on the Forbes Global 2000 list. It is among the top 20 listed companies in India with a market capitalization of $50 billion as of September 2021. As of July 2020, the company, along with its subsidiaries, had consolidated annual revenues of Rs 71,265 crore ($10 billion).

The Company is Ranked 4th in the List of Top 10 IT Companies in India in terms of Market Cap.

Total Profit: Rs 8,743 Crores

5. Tech Mahindra

  • Revenue: Rs 29,640.90 Crore
  • Market Cap: Rs 1,51,952.88 Crore
  • Total Assets: Rs 32,969.30 Crore
  • Promoter Holding: 35.7%
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: TECHM

Tech Mahindra is an Indian multinational technology company that provides information technology (IT) and business process outsourcing (BPO) services. The company is a subsidiary of Mahindra Group and is headquartered in Pune and has its registered office in Mumbai.

As of April 2020, Tech Mahindra is a $5.2 billion company with 125,236 employees in 90 countries. The company ranks 5th among India’s IT companies and 47th overall on the Fortune India 500 list for 2019. [8] On 25 June 2013, Tech Mahindra announced the completion of a merger with Mahindra Satyam. Tech Mahindra has 973 active customers as of April 2020.

The Company is Ranked 5th in the List of Top 10 IT Companies in India in terms of Market Cap.

Total Profit: Rs 4,239.10 Crores

6. L&T Infotech

  • Revenue: Rs 4,964 Crore
  • Market Cap: Rs 59,208.11 Crore
  • Total Assets: Rs 4,820.10 Crore
  • Promoter Holding: 74.15%
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: LTTS

L&T Technology Services (LTTS) is an engineering services company based in Vadodara, Gujarat. It is a subsidiary of conglomerate Larsen & Toubro (L&T) and is listed on the National Stock Exchange and the Bombay Stock Exchange. The company also has offices in Edison, New Jersey, and Munich, Germany, and a subsidiary, Esencia, based in San Jose, California.

L&T Technology Services was founded in 2009 as L&T Integrated Engineering Services. In its first year, the company generated $70 million in revenue. Initially, it operated only as of the engineering arm of L&T. In 2013, as part of L&T’s strategy, the parent company was split into “nine verticals and six subsidiaries,” which included this company. Under the new brand name L&T Technology Services (LTTS), the company began to expand its engineering services as a developer of new technology solutions for other companies.

The Company is Ranked 6th in the List of Top 10 IT Companies in India in terms of Market Cap.

Total Profit: Rs 673.10 Crores

7. Mindtree

  • Revenue: Rs 7,967.80 Crore
  • Market Cap: Rs 79,733.64 Crore
  • Total Assets: Rs 6,325.50 Crore
  • Promoter Holding: 61%
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: MINDTREE

Mindtree Ltd is an Indian multinational information technology and outsourcing company headquartered in Bangalore, India. It is part of the Larsen & Toubro Group. Founded in 1999, the company employs around 23,814 people and has an annual revenue of $1.1 billion (Rs 7839.9 crore).

The company operates in the areas of e-commerce, mobile applications, cloud computing, digital transformation, data analytics, testing, enterprise application integration, and enterprise resource planning, and has more than 307 active customers and 43 offices in over 18 countries as of March 31, 2019.

The Company is Ranked 7th in the List of Top 10 IT Companies in India in terms of Market Cap.

Total Profit: Rs 1,110.30 Crores

8. MphasiS

  • Revenue: Rs 5,561.25Crore
  • Market Cap: Rs 62,493.71 Crore
  • Total Assets: Rs 5,850.98 Crore
  • Promoter Holding: 55.95%
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: MPHASIS

Mphasis Limited is an IT services company based in Bangalore, India. The company provides infrastructure technology and application outsourcing services along with architecture consulting, application development and integration, and application management. It serves the financial services, telecom, logistics, and technology industries. Mphasis was ranked 7th among Indian companies by Fortune India 500 in 2019 IT and 189th overall. In April 2016, Hewlett Packard Enterprise sold the majority of its stake in Mphasis to Blackstone Group for about $1 billion.

The Company is Ranked 8th in the List of Top 10 IT Companies in India in terms of Market Cap.

Total Profit: Rs 1,110.36 Crores

9. Oracle Fin Service

  • Revenue: Rs 3,645.21 Crore
  • Market Cap: Rs 37,706.44 Crore
  • Total Assets: Rs 6,104.45 Crore
  • Promoter Holding: 73.15%
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: OFSS

Oracle Financial Services Software Limited (OFSS) is a subsidiary of Oracle Corporation. It is a provider of technology solutions for retail banking, corporate banking, and insurance in the banking sector. The company also provides risk and compliance management applications, performance measurement, and accounting, business process management, human resources, and procurement tools.

The company claims to have more than 900 customers in over 145 countries. Oracle Financial Services Software Limited is ranked 9th in IT India and 253rd overall in the 2011 Fortune India 500 list.

The Company is Ranked 9th in the List of Top 10 IT Companies in India in terms of Market Cap.

Total Profit: Rs  1,639.29 Crores

10. Coforge Ltd.

  • Revenue: Rs 2,412.40 Crore
  • Market Cap: Rs 33,845.17 Crore
  • Total Assets: Rs 3,993.80 Crore
  • Promoter Holding: 50.18%
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: COFORGE

Coforge, formerly known as NIIT Technologies, is an Indian multinational information technology company headquartered in Noida, India and New Jersey, USA. The company’s shares trade on the Bombay Stock Exchange and the National Stock Exchange of India under the ticker symbol COFORGE.

The company was incorporated in 1981 under the name ‘NIIT Ltd. In 2006, the company acquired UK Insurance Solutions Company. In the same year, the company entered into a partnership with Adecco SA. In 2008, the company signed a multi-million-pound contract with British Airways.

In 2012, the company rolled out the Government of India approved ‘Intranet Prahari’ project for the Border Security Force. In the same year, the Indian Tobacco Board of the Government of Andhra Pradesh partnered with the company to launch an e-auction system in Karnataka and Andhra Pradesh.

In September 2012, the company launched Crew Wings, an application for airline cabin crew members. In the same year, the company acquired Sabre Philippines Development Centre.

In 2018, the company acquired a majority stake in RuleTek, a US-based BPM architecture services company. Following the acquisition, Coforge’s digital arm, Incessant Technologies, controls 55% of Ruletek.

In 2020, NIIT Technologies was renamed Coforge. In April 2021, Coforge acquired a 60% stake in SLK Global Solutions for Rs 918 crore. Post this acquisition, the company’s headcount increased to 21,000 after acquiring 10,000 employees from SLK.

The Company is Ranked 10th in the List of Top 10 IT Companies in India in terms of Market Cap.

Total Profit: Rs 239.90 Crores

Also, Read Top 10 Paint Companies In India.

product-based-company-vs-it-services-company

Indian Product-Based Businesses

Product-based businesses are driven by a plan to introduce products that have good market value and satisfy a wide range of customers.

  1. Zoho
  2. Udaan
  3. Paytm
  4. Flipkart
  5. Zerodha
  6. Freshworks
  7. Thoughtworks
  8. Atom Technologies
  9. Zomato
  10. Koo

Indian Service-Based Businesses
A service-based business is a business that provides customers, clients the ultimate solution to their needs or a service to another business.

  1. Tata Consultancy Service
  2. Infosys
  3. HCL Technologies
  4. Wipro Limited
  5. Mindtree
  6. Tech Mahindra Limited
  7. Godrej Infotech
  8. Larsen and Toubro Limited
  9. ITC Infotech
  10. Mphasis Limited

Conclusion

IT sector has given so much to society in terms of efficiency, quality, speed and agility. With the introduction of new technologies in business models, the field of analytics, IT has transformed our work systems. In times of pandemic, when everything was down, the technologies of the IT sector like telemedicine, virtual teaching, online counselling etc. were a major reason why the industry witnessed rapid growth. This highlights the potential of the IT industry in India, which has a large share in the Indian economy and provides employment opportunities to many aspiring engineers.

FAQs

What is an IT company?

An IT company is an organization with employees who have expertise in creating, maintaining, and managing technology-enabled services and solutions.

Which is the largest IT company in India?

Tata Consultancy Services (TCS) is considered the largest IT company in India in terms of revenue and capital.

Is Google an IT company?

Yes, Google is a multinational IT company that provides services and products to help businesses and customers on their path to success.

Are newcomers to IT companies paid well?

The average base salary for entry-level employees in IT companies is approximate Rs.300K per annum. This amount may vary depending on the job you are applying for, your experience, skills and employer.

Which IT company offers the highest salary in India?

TCS, Infosys, HCL Technologies are some of the companies that offer fairly good salary structures to newcomers or experienced employees in the IT sector in India.

Is it good to work in the IT industry?

Yes, the IT sector in India is a thriving industry that has a future with tremendous growth rates and learning opportunities. Being a part of this industry means being a part of the change.

Author

Hi Guys 👋, I am Mohanraj, Budding Digital Marketer and Aspiring Entrepreneur With a Vision to Make People Around the World Understand How Businesses Works and Earns in a Simplified Way.

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