India is one of the largest IT outsourcing centres, and top IT firms contribute significantly to the development of the economy of the countries. IT sector sales increased 7.7% to $191 billion in FY21, according to the NASSCOM Report.
According to the Indian IT advocacy group NASSCOM, the IT sector added 2 lakh jobs in FY21, bringing its total employment to 4.36 million.
Based on total revenue and market capitalization, below is a list of the top IT businesses in India:-
Tata Consultancy by TATA:
Tata Steel hired TCS to supply punch card services in 1968, and the company grew from there. Tata Consultancy Services (TCS) is now one of India’s major IT firms, both in terms of revenue and overall market capitalization.
TCS supports the IT services and consulting industries by providing IT services, business consulting, and digital transformation services to some of the world’s major companies.
TCS is the country’s second-largest company by market capitalization. In India’s top 10 IT businesses ranking for 2021, it is the largest.
Rajesh Gopinathan is the company’s chief executive officer.
Mumbai, Maharashtra, India is the location of the company’s headquarters.
161,541 crores in revenue
Rs 1,098,792 crore in market capitalization
Employees:448,464
The return on investment is 72%.
Revenue Growth in Three Years: 8%
Net Profit Growth in 3 Years: 1%
05 percent of the promoter’s stake is held by him.
With a market valuation of $ 144.73 billion on October 8, 2020, TCS surpassed Accenture as the world’s most valuable IT business.
Tata Consulting Services (TCS) has 147 delivery centres in 21 countries and over 200 offices in 46 countries. With 448,464 employees, TCS is one of India’s largest private-sector employers.
Infosys:
Infosys, a worldwide information technology and consulting services firm with revenues of $ 13 billion, was founded in 1981 by seven engineers with a capital of US$ 250. (revenue for fiscal year 20). On the list of top 10 IT companies in India for 2021, Infosys is the second-largest IT company.
Infosys is the first Indian information technology company to be listed on the New York Stock Exchange (NASDAQ). Infosys now has 242,371 workers and is traded on the BSE and NYSE. It is one of India’s most valuable IT businesses, with a market valuation of IN 536,899 crores.
Infosys has been in the news over the past year as a result of many multibillion-dollar transactions. The Infosys-Pfizer agreement grabbed news recently as well, but it has yet to be verified officially.
Salil Parekh is the company’s CEO.
Bengaluru, Karnataka, India is the company’s headquarters.
Rs 93,594 crores in revenue
536,899 crore rupees in market capitalization
242,371 people work for the company.
The return on investment (ROI) is 97 percent.
Revenue Growth (3 Years): 4%
Sales Growth-Net Profit (3 Years): 0%
Promoter ownership: 95%
In Mysore, Karnataka, the firm operates a world-class training institution.
Finacle, a comprehensive banking solution with numerous modules for retail and business banking, is one of its most well-known products.
Infosys develops software and offers a variety of products and services, including NIA (previously Mana), a global management consulting service through Infosys Consulting, Infosys Information Platform (IIP) – analytics platform, Panaya Cloud Suite, Skava, Engineering Services, and Digital Marketing.
HCL Technologies:
HCL Technologies is one of India’s leading IT firms. Six engineers, led by Chef Nadar, founded Hindustan Computers Limited on August 11, 1976, to produce personal computers (HCL)
HCL is a prominent worldwide IT consulting and services firm that helps organizations around the world reinvent and change their operations using digital technologies.
HCL has around 150,000 workers and a market capitalization of 257,933 crores. HCL is ranked third among India’s leading IT firms.
C Vijayakumar is the company’s president and chief executive officer.
Noida, Uttar Pradesh, India is the headquarters.
71,265 crores in revenue
The company’s market capitalization is Rs 257,933 crore.
150,000 employees
Return on investment: 4%
Sales-to-Revenue Growth (3 Years): 6%
Sales-to-NetProfit Growth (3 Years): 7%
Promoter ownership is 33%.
Application services and system integration, BPO / business services, cybersecurity, engineering, research, and infrastructure management services (IMS),development services (ERS), IoT WoRKS, DRYiCE, digital and analytics, and GRC Services are among the services offered by HCL.
Banking, energy, life sciences, healthcare, retail, telecommunications, insurance, aerospace and defense, manufacturing, oil and gas, media and entertainment, travel, logistics, and high-tech are among the industries in which HCL operates.
With a market capitalization of $ 21.5 billion, HCL Technologies is placed on the Forbes 2000 Global List. Roshni Nadar Malhotra succeeded HCL founder Shiv Nadar as President in the year 2020.
Wipro Limited:
Wipro (previously Western India Palm Refined Oil Limited) [Indian IT businesses] is a global leader in business operations and IT consulting services.
Wipro, led by Azim Premji, is one of India’s best IT businesses, ranking within the top five. Thierry Delaporte took over as Wipro’s new CEO on July 6, 2020.
Wipro assists clients in driving digital transformation by leveraging cognitive computing, automation, robots, cloud, analytics, and emerging technologies.
Wipro employs over 180,000 people across six continents who are dedicated to serving clients.
Thierry Delaporte is the company’s CEO.
Bengaluru, Karnataka, India is the company’s headquarters.
Rs 63,862.60 crore in revenue
The market capitalization of the company is Rs 221,812 crore.
180,000 people are employed.
4% return on investment
Revenue Growth (3 Years): 2%
Sales Growth-Net Profit (3 Years): 6%
02% of the company is owned by the promoter.
Wipro is India’s fourth-largest information technology firm. It is one of the Indian IT firms that is well-known around the world for its strong dedication to environmental sustainability and excellent corporate behavior.
Tech Mahindra Ltd. :
Tech Mahindra Limited is a Mahindra Group business that provides IT and BPO services.
Tech Mahindra’s main customer bases are in Europe and the United Kingdom, unlike other big IT companies in India. In terms of telecom, Tech Mahindra is one of India’s leading IT firms.
Tech Mahindra won the offer to merge Satyam Computer Services with Tech Mahindra after the Satyam crisis of 2008-09.
Tech Mahindra represents the connected world by empowering businesses around the world with innovative customer-centric IT experiences.
C .P. Gurnani is the company’s MD & CEO.
Pune (Maharashtra, India) is the company’s headquarters.
38,060.10 crores in revenue
94,609 crores in market capitalization
125,236 workers
35 percent return on equity
Revenue Growth in Three Years: 4%
Net Profit Growth in 3 Years: 8%
82 percent of the shares are held by promoters.
Tech Mahindra has over 125,000 workers in 90 countries and a market capitalization of US$5.2 billion. On the Fortune India 500 list of 2019, the company was placed fifth in India for IT companies and 47th overall.
Larsen & Toubro Infotech Ltd. :
Larsen & Toubro Infotech Ltd, or LTI, is an Indian multinational IT solutions and services firm located in Mumbai. Larsen & Toubro Infotech (LTI) was founded in December 1996 as a wholly-owned subsidiary of Larsen & Toubro Ltd (L&T), and according to NASSCOM, it is India’s sixth-largest IT services firm by export revenue.
Sanjay Jalona is the company’s CEO.
Mumbai, Maharashtra, India is the headquarters.
Rs 11,207 crores in revenue
The company’s market capitalization is Rs 182,132 crore.
31,437 employees
80 percent return on investment
Sales-to-Revenue Growth (3 Years): 1%
Sales-to-NetProfit Growth (3 Years): 5%
62 percent of the shares are held by the promoters.
Enterprise Solutions, cloud, infrastructure and security, application management, and digital transformation are just a few of the services offered by LTI. The LTI Mosaic platform uses exponential technologies to deliver data engineering, advanced analytics, knowledge-based automation, and IoT connectivity.
The organization works with the world’s top companies to accelerate digital transformation in 30 countries.
Mphasis Ltd.
Incorporated in June 1992 as a result of the combination of Mphasis Corporation of the United States and BFL Software Limited of India, one of India’s premier software and IT businesses.
Integrated solutions, application services, business process outsourcing, IT services, and infrastructure technologies are all offered by Mphasis.
Mphasis works with six of the world’s largest banks, eleven of the top 15 mortgage lenders, and three of the world’s leading insurers. Mphasis employs 22,239 people in 15 countries. It is one of India’s leading software companies.
Nitin Rakesh is the company’s CEO.
Bengaluru, Karnataka, India is the headquarters.
7,907 crore rupees in revenue
The company’s market capitalization is Rs 28,568 crore.
22,239 people work for the company.
77 percent return on investment
Sales-to-Revenue Growth (3 Years): 6%
Sales-to-NetProfit Growth (3 Years): 4%
16 percent of the shares are held by the promoters.
Electronic Data Systems (EDS) purchased a 42% share in Mphasis in June 2006. Electronic Data Systems was purchased by Hewlett-Packard on May 13, 2008. (EDS). Mphasis continues to trade as “Mphasis Limited” in the Indian market, acting as an independent subsidiary with its own Board of Directors. Hewlett-84 Packard’s percent ownership in Mphasis was purchased by Blackstone in April 2016.
Mindtree Ltd:
Mindtree is a new-generation Indian IT firm that began working on digital transformation projects before some of the country’s largest IT firms.
Mindtree was acquired by the L&T group, Although it continues to operate as an independent organization, despite the possibility of combining with Larson and Toubro Infotech (another IT subsidiary of the L&T Group)
The business is a multinational technology consulting and services firm that specializes in e-commerce, mobile apps, cloud computing, digital transformation, data analytics, and business application integration.
Debashis Chatterjee is the company’s chief executive officer.
Bengaluru, Karnataka, India is home to the company’s headquarters.
783.90 crores in revenue
Rs 27,331 crores in market capitalization
21,991 employees
The return on investment (ROI) is 98%.
Sales-Revenue Growth (Three Years): 0%
Net Profit Growth in 3 Years: 7%
59 percent is owned by the promoters.
LTI employs more than 21,000 people in more than 15 countries around the world. It is one of India’s leading software firms.
Hexaware Technologies Ltd:
Hexaware Technologies Limited, which began as an information technology and business process outsourcing company, is now a global leader and the fastest-growing provider of next-generation IT services, consulting, and consulting. It is among India’s top ten IT firms.
Hexaware provides application transformation and management services, as well as infrastructure management services, business process services, business solutions, business intelligence and analytics, and digital assurance.
Hexaware has 33 global offices and about 18,294 employees, with its headquarters in Navi Mumbai, Maharashtra, India.
As of November 2020, Hexaware Technologies voluntarily delisted from the BSE and NSE.
R Srikrishna is the company’s president and chief executive officer.
Mumbai, Maharashtra, India is the company’s headquarters.
Rs 5,306 crore in revenue
Company delisted from the BSE and NSE, hence market cap isn’t relevant.
18,294 employees
AUTOMATE EVERYTHING TM, NUBLICE EVERYTHING TM, and TRANSFORM CUSTOMER EXPERIENCES TM have formed at the confluence of innovative technologies, assisting businesses in their journey to the digital age.
Coforge ( Formerly NIIT) :
Coforge is a multinational IT services and software firm based in India.
NIIT Technology was created in 1981 by Rajendra S. Powar and Vijay K. Thadani, both IIT Delhi graduates; it was renamed Coforge in 2020.
NIIT has concentrated on learning management and training delivery solutions for businesses, organizations, and individuals, unlike other high-profile IT firms.
For the first time in IT education, NIIT developed a franchising strategy, and by 1987 had established nine centers.
INR 9,067.34 Cr Market Cap
558.10 crores in revenue
Sapnesh Lalla is the company’s chief executive officer.
Approximately 10,000 employees
Gurugram, India, is the headquarters.
Almost everyone has benefited from the digital revolution, and IT companies were among the first to offer customers digital services. Across India, IT companies have employed millions of people. This is the primary reason why the IT industry is so valuable and important to young people all around the world. Without IT businesses, the country, as well as the rest of the world, would not be able to achieve such rapid growth.
To Conclude:
The IT industry has provided society with a great deal in terms of efficiency, quality, speed, and agility. The analytics area has revolutionized our working systems as a result of the introduction of new technology into business models. The IT companies mentioned above are best Indian tech companies that are blooming in the world of technology not only in India but all over the globe.
