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List Of Top 10 IT Companies In India 

IT Companies

IT services and business process outsourcing are the two main components of India’s information technology sector (BPO). From 1.2 per cent in 1998 to 7.7 per cent in 2017, the industry has expanded its contribution to India’s GDP. According to NASSCOM, the industry generated US$180 billion in revenue in 2019, with export sales of US$99 billion and domestic revenue of US$48 billion, a 13 per cent increase. India’s IT workforce is expected to number 4.36 million by 2020.

India’s IT services sector began in Mumbai in 1967 with the establishment of Tata Consultancy Services, which collaborated with Burroughs in 1977 to launch India’s IT services export.

Between April 2000 and March 2020, India’s computer software and hardware business drew a total of $44.91 billion in foreign direct investment (FDI). According to data published by the Department for Promotion of Industry and Internal Trade, the industry placed second in terms of FDI inflow (DPIIT).

IT companies have now become the backbone of the Indian economy. And, here are the top 10 IT companies based out of India-

  • Tata Consultancy Services

TCS

Tata Consultancy Services (TCS) is a global information technology (IT) services and consulting firm based in Mumbai, Maharashtra, India. TCS and its 67 subsidiaries provide a wide range of information technology-related products and services including application development, business process outsourcing, capacity planning, consulting, enterprise software, hardware sizing, payment processing, software management, and technology education services.

TCS is the world’s largest IT services business by market value ($169.2 billion) as of February 2021. It is a Tata Group company with operations in 149 sites in 46 countries.

TCS is India’s second-largest corporation in terms of market value. Tata Consultancy Services has risen to become one of the most valuable IT services brands in the world. TCS exceeded Accenture in market value on October 8, 2020, and became the world’s most valuable IT firm, with a market capitalisation of $144.73 billion.

TCS temporarily topped Accenture in market capitalization on January 25, 2021, to become the world’s most valuable IT firm with a market valuation of $170 billion. TCS surpassed Reliance Industries as India’s most valuable firm on the same day, with a market capitalization of Rs 12.55 lakh crore.

Tata Consultancy Services Limited was established in 1968 by a branch of Tata Sons Limited under the name “Tata Computer Systems.” Punched card services for sibling firm TISCO (now Tata Steel), work on an Inter-Branch Reconciliation System for the Central Bank of India, and bureau services for Unit Trust of India were among the business’s early contracts.

 

  • Wipro Technologies

Wipro
Source: cpoinnovation.com

Wipro Limited is a global Indian company that specialises in information technology, consulting, and business process outsourcing. Bangalore, Karnataka is the headquarters of the firm. It uses cognitive computing, hyper-automation, robots, cloud, analytics, and new technologies to assist its clients in successfully adapting to the digital environment.

The company is believed to have over 190,000 devoted workers serving clients across six continents and is known internationally for its broad array of services, a strong commitment to sustainability, and good corporate citizenship. Mohamed Premji founded the firm on December 29, 1945, in Amalner, Maharashtra, as “Western India Products,” subsequently abbreviated to “Wipro.” It began as a producer of vegetable and refined oils under the brand names Kisan, Sunflower, and Camel in Amalner, Maharashtra, British India.

After Mohamed Premji died in 1966, his son Azim Premji, then 21 years old, became the chairman of Wipro.

During the 1970s and 1980s, the firm turned its emphasis to new prospects in the information technology and computer industry, which was still in its infancy in India. The company’s name was changed from Western India Vegetable Products Limited to Wipro Products Limited on June 7, 1977. The name of the company was changed once again in 1982, from Wipro Products Limited to Wipro Limited. Wipro bought Capco, a 22-year-old British IT consultant business, in March 2021. In April, the transaction was finalised.

According to Bloomberg, Wipro has inked a deal to buy Ampion for $117 million in cash. Pierre Bruno was named CEO of Wipro’s European business in March 2021.

 

  • Tech Mahindra

Tech-Mahindra-CoE

Tech Mahindra is a global Indian corporation that specialises in information technology (IT) and business process outsourcing (BPO). The firm is based in Pune and has its registered office in Mumbai, and it is a subsidiary of the Mahindra Group. In 1986, Mahindra and Mahindra formed a technology outsourcing joint venture with British Telecom. Initially, British Telecom owned about 30% of Tech Mahindra. Mahindra & Mahindra bought 5.5 per cent of British Telecom’s interest in Tech Mahindra for Rs 451 crore in December 2010. British Telecom sold 14.1% of its shares to institutional investors for Rs 1,395 crore in August 2012. 

British Telecom sold its remaining 9.1% (11.6 million shares) of the company to institutional investors in December 2012 for total gross cash proceeds of Rs 1,011.4 crores. British Telecom left Tech Mahindra as a result of this deal. It is now a USD 5.2 billion firm with 124,250+ employees working in 90 locations, assisting 988 worldwide clients, including Fortune 500 organisations.

 

  • HCL Technologies

HCL Technologies IT Company

HCL Technologies, based in Noida, Uttar Pradesh, India, is an Indian multinational information technology (IT) services and consulting firm. It is an HCL Enterprise subsidiary. It began as a research and development section of HCL before becoming a separate firm in 1991 when HCL joined the software services sector.

With offices in 50 countries, including the United Kingdom, the United States, France, and Germany, and a global network of R&D, “innovation laboratories,” and “delivery centres,” the firm employs over 168,000 people and serves 250 Fortune 500 organisations and 650 Global 2,000 companies. Aerospace and defence, banking, capital markets, chemical and process industries, energy and utilities, healthcare, hi-tech, industrial manufacturing, manufacturing, media and entertainment, mining and natural resources, oil and gas, telecom, and travel, logistics, and hospitality are among the industries in which it operates.

In 1976, a group of six engineers led by Shiv Nadar, all former workers of Delhi Cloth & General Mills, formed a business to manufacture personal computers. Nadar and his team (which included Arjun Malhotra, Ajai Chowdhry, D.S. Puri, Yogesh Vaidya, and Subhash Arora) started selling teledigital calculators to raise cash for their primary product, which was first launched as Microcomp Limited.

The firm was renamed Hindustan Computers Limited on August 11, 1976. (HCL).

HCL Overseas Limited, a supplier of technology development services, was founded on November 12, 1991. It commenced operations after receiving the certificate of the beginning of business on February 10, 1992. The business name was changed to HCL Consulting Limited two years later, in July 1994, and then to HCL Technologies Limited in October 1999.

HCL Technologies is one of four businesses that make up HCL Corporation; the other two are HCL Infosystems and HCL Technologies. HCL Healthcare was founded in February 2014 by HCL. HCL TalentCare is the company’s fourth and most recent initiative.

 

  • MindTree Ltd

Mindtree IT Company In India
Source: The Financial Express|

Mindtree Ltd, located in Bangalore, India, is an Indian multinational information technology and outsourcing firm. E-commerce, mobile apps, cloud computing, digital transformation, data analytics, testing, business application integration, and enterprise resource planning are some of the services offered by the organisation.

Mindtree is a worldwide technology consulting and services firm that helps businesses gain a competitive advantage by combining size and agility. Mindtree, which was “born digital” in 1999 and is now a Larsen & Toubro Group Company, uses its deep domain expertise to break down silos, make sense of digital complexity, and bring innovative projects to market quicker for 260 corporate customer engagements.

The organisation allows IT to move at the speed of business by utilising new technologies and Continuous Delivery efficiency to drive business innovation. Our winning culture, which is made up of over 27,000 enterprising, collaborative, and committed “Mindtree Minds,” is reflected every day by our winning culture, which operates in 24 countries across the world.

 

  • Accenture

Accenture

Accenture is a multinational professional services firm that specialises in digital, cloud, and security solutions. It provides Strategy & Consulting, Interactive, Technology, and Operations services, all driven by the world’s biggest network of Advanced Technology and Intelligent Operations centres, with unparalleled experience and specialised capabilities across more than 40 sectors. It has over 500,000+ employees fulfilling the promise of technology and human innovation for clients in more than 120 countries. Accenture is a Fortune Global 500 firm specialising in cloud, Oracle, blockchain, Salesforce, software development, and SAP, among other services.

 

  • Hexaware Technologies Ltd

Hexaware
Source: The Financial Express

Hexaware is a rapidly expanding automation-led next-generation service provider that excels in IT, BPO, and consulting. Clients have benefited from Hexaware’s Digital solutions, which have helped them achieve operational efficiency and consumer satisfaction.  Application Transformation and Management Services, Business Intelligence and Analytics, Digital Assurance, Enterprise Solutions, Business Process Services, and Infrastructure Management Services are among the services offered by Hexaware. Hexaware is based in Navi Mumbai, Maharashtra, India, and employs approximately 19,833 people worldwide.

 

  • Infosys Technologies

Infosys

Infosys Limited is a global information technology firm based in India that specialises in business consulting, information technology, and outsourcing. The firm is based in Bangalore and was started in Pune. By 2020 sales statistics, Infosys is the second-biggest Indian IT firm, behind Tata Consultancy Services, and the 602nd largest public company in the world, according to the Forbes Global 2000 list.

Its market capitalization was $71.92 billion on December 31, 2020. After TCS, it is India’s second-largest IT company. They expertly lead customers through the digital transition, drawing on nearly four decades of expertise managing global business systems.

 

  • Cognizant

Cognizant

Cognizant is a prominent IT services company that helps customers adapt their traditional business, operational, and technology models with fast-changing digital technologies. It was founded in 1994 by Kumar Mahadeva and Francisco D’Souza. It is a global leader in professional services, changing customers’ business, operational, and technological models for the digital age. Its consulting approach focused on industry helps customers design, create, and operate more creative and efficient enterprises. Cognizant, headquartered in the United States, is number 194 on the Fortune 500 and routinely ranks among the world’s most admired corporations.

 

  • Capgemini India Pvt ltd

Capgemini

Capgemini, headquartered in Paris, is a worldwide leader in collaborating with businesses to change and manage their operations via the use of technology. The Group is guided by its mission of releasing human potential via technology for a more inclusive and sustainable future. It is a responsible and varied business with over 270,000 employees spread across almost 50 nations. Capgemini began as a small business 50 years ago. It is now one of the most well-known global businesses in the consulting, technology, professional, and outsourcing industries. IT consulting, managed services, and customised software development are all services offered by Capgemini.

 

 

 

 

Disclaimer: Note that the provided top 10  IT companies are not based on any ranking, but the discretion of the writer. 

 

About the author

Harshita Sharma

I bring to you startup, stock market, economy, business news. So, stay tuned!

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