This article brings the list of India’s top 10 IT companies here. These companies are leaders in the field of information technology and offer wide range of services that include software development, system integration, consulting, and outsourcing.
The Indian IT industry is booming and is expected to contribute 10% to India’s GDP by 2025. The industry accounted for 8% of India’s GDP in 2020, and it is expected to grow at a rate of 15.5% every year. According to the National Association of Software and Service Companies (Nasscom), the Indian IT industry’s revenue touched US$ 227 billion in FY22, a 15.5% YoY growth.
The IT and BPM market accounts for 9.3% of India’s GDP and 56% of the global outsourcing market. The sector added 4.45 lakh new employees in FY22, bringing the total employment in the sector to 50 lakh employees.
In this article, we bring you the list of the top 10 informational technology companies in India that are leaders in the field of information technology and offer a range of services that include software development, system integration, consulting, and outsourcing.
IT Companies in India By Revenue 2023
| No | Company Name | Revenue |
|---|---|---|
| 1 | Tata Consultancy Services | ₹191,754 crore |
| 2 | Infosys | ₹1,21,641 crore |
| 3 | HCL Technologies | ₹85,651 crore |
| 4 | Wipro | ₹82,842 crore |
| 5 | Redington India | ₹62,731 crore |
| 6 | Tech Mahindra Limited | ₹44,646 crore |
| 7 | Larsen & Toubro Infotech Limited | ₹12,644 crores |
| 8 | MindTree Ltd | ₹10,520 crores |
| 9 | Mphasis Limited | ₹9,722 crores |
| 10 | Hexaware Technologies | ₹7,100 crore |
1. Tata Consultancy Services
- CEO: Rajesh Gopinathan (10 Feb 2013–)
- Headquarters: Mumbai
- Revenue: 1.96 lakh crores INR (US$26 billion, 2022)
- Number of employees: 6,06,331 (June 2022)
- Founded: 1 April 1968
- Founders: Faquir Chand Kohli, J. R. D. Tata, Tata Sons
- Parent organizations: Tata Group, Tata Sons
Tata Consultancy Services is an Indian multinational information technology (IT) service and consulting company headquartered in Mumbai, Maharashtra. It is a subsidiary of Tata Sons and operates in 46 countries. TCS is the second-largest Indian company by market capitalization and is ranked 10th on Fortune India 500 list for 2012.
Tata Consultancy Services was founded in 1968 by Faquir Chand Kohli, J. R. D. Tata, and Tata Sons. The company was listed on the National Stock Exchange of India in 2004. Tata Sons are the parent organization of Tata Consultancy Services. Rajesh Gopinathan has served as CEO of Tata Consultancy Services since February 10, 2013.
- CEO: Rajesh Gopinathan (10 Feb 2013–)
- Headquarters: Mumbai
- Revenue: 191,754 crores, INR (US$25.7 billion, 2022)
- Number of employees: 592,195 (2022)
- Founded: 1 April 1968
- Founders: Faquir Chand Kohli, J. R. D. Tata, Tata Sons
- Parent organizations: Tata Group, Tata Sons
Banking, Financial Services and Insurance contributed (75,126) 39.2% of the revenue, followed by Communication, Media and Technology 31,874 16.6%.
- Revenue: 1.96 lakh crores INR (US$26 billion, 2022)
- Market Cap: 11.49T INR
- Promoter holding: 72.3 %
- ROE:45.50%
- DIVIDEND YIELD 1.40%
- Number of employees: 6,06,331 (June 2022)
2. Infosys
- CEO: Salil Parekh
- Headquarters: Bengaluru, Karnataka
- Revenue: 1,21,641 cr
- Number of employees: 3,14,015 [2021]
- Founded: 2 July 1981, Pune
- Founders: N.r. Narayana Murthy, Nandan Nilekani, S. D. Shibulal, Kris Gopalakrishnan, K. Dinesh, N. S. Raghavan, Ashok Arora
- Subsidiaries: Infosys BPM, EdgeVerve, Infosys Consulting, Skava, MORE
Infosys is an Indian multinational corporation that provides business consulting, information technology, and outsourcing services. It has its headquarters in Bengaluru, Karnataka, and it is the second-largest IT company in India after Tata Consultancy Services. Infosys was founded in 1981 by N.R. Narayana Murthy, Nandan Nilekani, S.D. Shibulal, Kris Gopalakrishnan, K. Dinesh, and N.S. Raghavan.
The company has over 335,186 employees, and its revenue for 2022 was 1,21,641 crore. Infosys has subsidiaries in various countries, including Infosys BPM, EdgeVerve, Infosys Consulting, Skava, and MORE. The company has been ranked 193rd on the Fortune 500 list for 2020.
It operates in 54 countries.
- Revenue:1,21,641 cr
- Market Cap: 6.13T INR
- Promoter holding: 13.11%
- ROE: 29.1%
- DIVIDEND YIELD 1.40%76,782 cr Net assets
- Number of employees: 3,14,015
- 21.1% growth Y-o-Y
- `76,782 cr Net assets
Infosys is one of the top IT companies in India, with a strong global presence. It has a comprehensive suite of services, including consulting, application development, product engineering, custom package implementation and manufacturing support. The company has a very strong client base, including some of the world’s largest enterprise organizations. Infosys also has a very strong research and development team which constantly innovates and brings new products and services to the market.
3. HCL Technologies
- CEO: C Vijayakumar (Oct 2016–)
- Headquarters: Noida
- Founded: 12 November 1991
- Revenue: 1,118 crores USD (31 December 2021)
- Parent organization: HCL Enterprise
- Founders: Shiv Nadar, Arjun Malhotra
- Subsidiaries: HCL America, Inc., Actian, Geometric Limited, etc
HCL Technologies is a leading global technology company that helps businesses unlock their true potential. Founded in 1991, HCL Technologies has over 210,966 employees across 52 countries. Headquartered in Noida, India, HCL Technologies is a subsidiary of HCL Enterprise. The company’s product and services portfolio include digital solutions, enterprise transformation services, cloud infrastructure services, and more. HCL Technologies has a strong track record of helping businesses drive digital transformation and achieve their desired outcomes. Under the leadership of CEO C Vijayakumar, HCL Technologies is well-positioned to continue its work as a trusted partner for businesses across the globe.
HCL Technologies is a member of the “Big 4” group of Indian IT services companies along with Tata Consultancy Services (TCS), Infosys, and Cognizant. HCL Technologies is ranked #1 in the world in the Professional Services sector in Forbes’ “World’s Best Employers” List 2021. The company has 78 Fortune 200 clients and has been ranked among the top 100 globally for the second consecutive year.
In terms of revenue, HCL Technologies is the 7th largest IT services company in the world with 1,118 crores USD as of 31 December 2021. Its subsidiaries include HCL America, Inc., Actian, Geometric Limited, and others.
Today, HCL provides a comprehensive range of services, including IT Infrastructure Management, Business Process Outsourcing, Engineering and R&D Services, and Application Development & Maintenance. With its strong focus on innovation and customer satisfaction, HCL is well-positioned to continue its growth into the future.
- Revenue:85,651
- Market Cap: 2.48T INR
- Promoter holding: 60.72%
- ROE: 25.2%
- DIVIDEND YIELD 5.22%
- 62,006 cr Net assets
- Number of employees: 210,966
4. Wipro Limited
- CEO: Thierry Delaporte (6 Jul 2020–)
- Founder: M.H. Hasham Premji
- Owner: Azim Premji
- Headquarters: Bengaluru
- Founded: 29 December 1945, India
- Revenue: 795,289 (US$9.8 billion, 2021)
- Subsidiaries: Capco, Topcoder, Appirio, Ampion Holdings Pty Ltd, etc
Wipro Limited is a leading Indian multinational corporation with headquarters in Bengaluru. The company was founded in 1945 by M.H. Hasham Premji and today is owned by his son, Azim Premji. Wipro employs over 247,073 people and has a revenue of US$9.8 billion. It serves over 1,800 clients in over 66 countries.
The company operates in multiple industries, including information technology, consumer care, and lighting. Wipro is strongly committed to corporate social responsibility and sustainability and has been recognized as a global leader in these areas. The company’s subsidiaries include Capco, Topcoder, Appirio, Ampion Holdings Pty Ltd, and more. Wipro is a powerful force in the global marketplace and is poised for continued success in the years to come.
- Revenue: 85,651
- Market Cap: 2.21T INR
- Promoter holding: 73.00%
- ROE: 24.37%
- DIVIDEND YIELD: 5.22%
- 62,006 cr Net assets
- Number of employees: 247,073
5. Redington India
- Founded: 1993
- CEO: Ramesh Natarajan (11 Jun 2022–)
- Headquarters: Tamil Nadu
- CFO: S. V. Krishnan
- Subsidiaries: Proconnect Supply Chain Solutions Ltd, MORE
- Founders: R. Srinivasan, R. Jayachandran
- Presidents: R. Venkatesh (Enterprise Business Group), Gautam Hukku (Apple and Mobility Group)
Redington India is a leading distributor of information technology products and services in India. Founded in 1993, the company has grown to become one of the country’s largest IT distributors, with a worldwide network of 39,500 channel partners and 290 leading brands. Redington is a publicly listed company with no promoter, and its shares are traded on the National Stock Exchange. The company’s current CEO is Ramesh Natarajan, who took over from founding CEO R. Srinivasan in June 2022. Redington India is headquartered in Tamil Nadu and has many subsidiaries.
- Revenue: 62,731.6 Crores
- RoE: 24.1
- Employee: 4,025
- Market Cap: 118.28B INR
- Promoter holding: no promoter” since July 2019
- ROE: 24.37%
- DIVIDEND YIELD: 4.35%
- 62,006 cr Net assets
- Number of employees: 247,073
- 39,500 Channel Partners
- 290 Leading Brands
- listed company with no promoter” since July 2019
6. Tech Mahindra Limited
- CEO: R Srikrishna (28 Jul 2014–)
- Headquarters: Navi Mumbai
- Founder: Atul K. Nishar
- Founded: 1990
- Subsidiaries: Hexaware Technologies, Inc., etc
- Parent organization: HT Global IT Solutions Holdings Limited
Headquartered in Pune, India, Tech Mahindra is a leading digital transformation, consulting, and business reengineering service provider. With over 151,000 employees and operations in 90+ countries, Tech Mahindra serves 1,224 clients across a broad range of industries. A subsidiary of the Mahindra Group, Tech Mahindra was founded in 1986 and has been at the forefront of the digital revolution in India. In 2021, the company was ranked #39 on Forbes’ list of the World’s Most Innovative Companies and #16 on their Blockchain 50 list. Tech Mahindra is poised to continue its leadership role in helping companies across the globe transform their businesses for the digital age.
It was founded as a joint venture between Mahindra & Mahindra Limited and British Telecom with the name Mahindra British Telecom (MBT). On 25 June 2013, Tech Mahindra announced the completion of a merger with Mahindra Satyam.
- 151,173 Employees
- 90+ Countries
- 1,224 Clients
- Market Cap 1.01T INR
- Promoters Holdings 35.26%
- Net worth 268,857
- Roe: 19.32%
7. Larsen and Toubro Infotech Limited
- CEO: Sanjay Jalona (11 Aug 2015–)
- Founded: 23 December 1996
- Number of employees: 48,766 (2022)
- Parent organization: Larsen & Toubro
- Revenue: 12,644 crores INR (US$1.8 billion, 2021)
- Headquarters: Mumbai, India
- Subsidiaries: Larsen & Toubro Infotech LLC, MORE
Larsen & Toubro Infotech Ltd. is an Indian multinational corporation that provides information technology, consulting and business process outsourcing services. It was founded in 1996 and is headquartered in Mumbai. The company has 48,766 employees and a revenue of 12,644 crores INR (US$1.8 billion) as of 2021.
It is a subsidiary of Larsen & Toubro, India’s largest engineering and construction firms. L&T Infotech is one of India’s leading IT services providers[6th largest] and among the top 20 global IT services companies. The company has 486 clients, including 73 Fortune 500 companies.
L&T Infotech’s services include application development and maintenance, enterprise application services, infrastructure management, business process management and consulting. The company strongly focuses on digital transformation and offers a wide range of digital solutions such as big data, cloud, artificial intelligence, the Internet of Things, etc. L&T Infotech has a strong delivery model with a global delivery network spanning 33 countries. T
- Revenue:85,651
- Market Cap: 784.10B INR
- Promoter holding: 74.05
- ROE: 29.5%
- DIVIDEND YIELD 1.01%
- Number of employees: 46,648
- Revenue $2.10 Bn. 156,687 M
8. MindTree Ltd
- CEO: Debashis Chatterjee (2 Aug 2019–)
- Revenue: 10,520 crores INR (US$1.4 billion, 2022)
- Headquarters: Bengaluru
- Number of employees: 38,518 (July 2022)
- Founders: Subroto Bagchi, Ashok Soota, Krishnakumar Natarajan, Anjan Lahiri
- Parent organization: Larsen & Toubro
- Subsidiaries: Magnet 360, LLC, Bluefin, etc
MindTree Ltd is one of the top IT companies in India. It was founded in 1999 by four ex-Infosys employees, including current Chairman and Managing Director Krishnakumar Natarajan.
MindTree Ltd. is an Indian multinational corporation that delivers digital transformation and technology services from ideation to execution. It is headquartered in Bengaluru, India and was founded in 1999 by four ex-Infosys employees, including current Chairman and Managing Director Krishnakumar Natarajan.
The company has 38,518 employees and reported 10,520 crores INR (US$1.4 billion) in revenue for the fiscal year 2022. MindTree is a member of the Larsen & Toubro group of companies and its subsidiaries include Magnet 360, LLC, Bluefin, etc. The company is led by CEO Debashis Chatterjee, who took over in August 2019. Under his leadership, MindTree has continued to grow its business with a focus on digital transformation and technology services. As a result, the company has established itself as a leading player in the global market for digital transformation and technology services.
- MARKET CAP: 547.33B INR
- Roe: 33.8
- Annual INR revenue growth 32.1%
- Revenue INR105,253 Million
- Employees: 35,071
- Promoter Holdings: 60.99
- DIVIDEND YIELD 1.11%
9. Mphasis Limited
- CEO: Nitin Rakesh (29 Jan 2017–)
- Headquarters: Bengaluru
- Number of employees: 29,473 (June 2021)
- Revenue: 9,722 crores INR (FY 21, US$1.2 billion)
- Founders: Jerry Rao, Jeroen Tas
- Subsidiaries: Mphasis Corporation, MORE
- Parent organizations: Blackstone Inc., Electronic Data Systems
Mphasis Limited is an Indian global information technology (IT) consulting and services company headquartered in Bengaluru, India. The company delivers cloud and cognitive services, next-gen customer experience, enterprise applications, and digital process transformation for clients worldwide. Mphasis was founded in 1998 by Jerry Rao and Jeroen Tas. As of June 2021, the company had 29,473 employees and 9,722 crore INR in revenue (US$1.2 billion).
10. Hexaware Technologies
- CEO: R Srikrishna (28 Jul 2014–)
- Headquarters: Navi Mumbai
- Founder: Atul K. Nishar
- Founded: 1990
- Subsidiaries: Hexaware Technologies, Inc., etc
- Parent organization: HT Global IT Solutions Holdings Limited
Hexaware Technologies is a leading global provider of digital, cloud and automation services. Founded in 1990, the company has over 24,000 employees and operates in more than 20 countries. Hexaware exited the stock exchange in 2020 and is now a part of HT Global IT Solutions Holdings Limited. The company has a strong presence in the Americas, Europe and Asia-Pacific, headquartered in Navi Mumbai, India.
Under CEO R Srikrishna’s leadership, Hexaware is globally recognized for its innovative and customer-centric solutions. The company is committed to helping its clients accelerate their digital transformation journeys and drive business growth. With a comprehensive portfolio of services and a team of highly skilled professionals, Hexaware is well positioned to help organizations meet their goals and overcome challenges.
Conclusion
As this list demonstrates, the IT industry in India is thriving, and many different companies can generate significant revenue. This is good news for the economy and the future of the country’s tech sector.
India is home to some of the world’s most successful IT companies. These businesses have succeeded through innovative products and services, a strong customer base, and experienced leadership teams. If you are looking for an IT partner to help your business grow, these companies you should consider.
The top 10 IT companies in India by revenue are a testament to the country’s thriving tech sector. These businesses have succeeded due to their innovative products and services, strong customer base, and experienced leadership teams. If you are looking for an IT partner to help your business grow, these companies you should consider. Thanks for reading! Check our collection of Cement Companies in India.
