Information Technology (IT) is one of the key sectors driving India’s economic expansion. Although the epidemic has produced spectacular profits for IT stocks, selling pressure is still present. IT stocks can be rewarding for long-term investors despite the fact that the market is currently unreliable.
Tata Consultancy Services Ltd.
TCS, a company under the Tata Group, is considered one of the most valuable IT businesses globally in terms of market value. With a presence in 46 different countries, it was originally established in 1968 as “Tata Computer Systems” and later went public in 2004. Today, after 53 years since its inception, TCS has grown to encompass 50 subsidiary companies and is recognized as a prominent global player in the field of IT.
Infosys Ltd.
An Indian multinational organization with its headquarters in Bangalore, Infosys offers consulting, outsourcing, and IT services to businesses in various industries. Seven engineers formed it on July 2nd, 1981 in Pune. Nearly forty years after entering the market, in August 2021, Infosys became the 4th Indian company to have a market valuation of $100 billion.
HCL Tech Ltd.
Shiv Nadar founded HCL Tech, a division of HCL Enterprise, 25 years ago. It has offices all around the world and its main office is in Noida, Uttar Pradesh. According to market capitalization, HCL Tech is among the top IT stocks in India and one of the top twenty largest publicly traded firms in India.
Wipro Ltd.
In 1945, Mohamed Premji founded Wipro in Amalner, Maharashtra. Under the name “Western India Products,” Mohamed Premji initially founded the business to produce refined and vegetable oils. Later, the name was shortened to Wipro. With over 2 lakh people, Wipro currently works with businesses all over the world.
Tech Mahindra Ltd.
Anand Mahindra established Tech Mahindra 35 years ago, with its corporate headquarters in Pune. When it first began, British Telecom, which left the company in December 2012, was a joint venture partner. Currently, Tech Mahindra employs more than 1.25 lakh people across 90 nations.
L&T Infotech Ltd.
Incorporated in December 1996, L&T Infotech. The business changed its name to “LTI” in May 2017. It belongs to Larsen & Toubro as a subsidiary.
MindTree Ltd.
Like L&T, MindtTree is a division of Larsen & Toubro, which as of September 2021 owned a 61% share in the business. Ten IT specialists launched it 22 years ago. The business today has over 23,000 staff and serves clients from numerous international locations.
Mphasis Ltd.
Jerry Rao and Jeroen Tas founded Mphasis 23 years ago. With its headquarters in Bangalore, India, it now has more than 60 sales and delivery centers spread throughout 19 nations.
Info Edge Ltd.
Sanjeev Bikhchandani started Info Edge back in 1995. It is well known for its matrimonial website Jeevansaathi.com and online employment platform Naukri.com.
L&T Technology Services Ltd.
A provider of engineering research and development services with its headquarters in India is L&T Technology Services Limited. Embedded systems, product software, engineering analytics, mechanical and manufacturing engineering, and plant engineering are all sectors in which the company offers services and solutions.
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