According to the previous year’s fiscal and NASSCOM reports, the IT sector has generated $136 billion in 2019. Even after the Covid-19 Pandemic, the IT sector is getting back to normal, and soon tons of job opportunities will be available for the aspirants. With the latest technology advancements like Artificial Intelligence (AI), IoT, cloud computing, and machine learning (ML).
These latest technology enhancements will transform every single aspect of human life. However, when IT companies have incurred huge losses, it’s tough for them to afloat in this sector. Hence, here is the updated list of the top 10 Information Technology (IT) companies in India.
List Of The Top 10 IT Companies In India
Tata Consultancy Services (TCS)
According to the revenue reports, Tata Consultancy Services is the largest IT company in our country. TCS was established in 1968 and have more than fifty years of experience in providing IT services, business, and consulting solutions. Enterprise solutions, Cognitive Business Operations, Artificial Intelligence, Application Development, and Consulting are the flagship services of TCS.
TCS is currently headquartered in Mumbai and expanding its services to around 50 countries with 420,000 business consultants. According to BSE and NSE reports, TCS generated US $20 billion in the financial year-end.
Infosys is one of the most famous IT companies in this country and the toughest competitor of TCS. Seven Indian engineers founded Infosys in 1981, and now it the only IT company having a feature-rich and innovative training center in Mysore.
Infosys is currently headquartered in Bangalore and has more than 228,000 employees. According to financial reports of 2019, the overall market capitalization of Infosys is the US $47 billion. Infosys is the global destination of software and major IT services. Furthermore, Infosys is the only Indian IT company listed on NASDAQ.
Shiv Nadar led the foundation of HCL Technologies that started making personal computers and other accessories. HCL (Hindustan Computers Limited) was established in the year 1976. This company is currently headquartered in Noida, Uttar Pradesh. HCL has numerous corporate offices in more than 35 countries.
Currently, HCL is the third-largest Indian IT company having more than 150,000 employees globally. C Vijaykumar is the current CEO of HCL technologies. HCL is offering Infrastructure Management Services (IMS), Digital & Analytics, GRC Services, Applications Services, Systems Integrations, etc.
Wipro Limited was founded in the year 1945 and entered the IT sector in 1980. In 2020, Wipro has become the leading IT company mentored by Azim Premji. Currently, Wipro is the fourth largest IT company in terms of revenue. This IT company provides services like Digital Operations and Platforms, Analytics & Artificial Intelligence, Infrastructure Services, and Business Consulting.
Wipro is currently headquartered in Bangalore, and Thierry Delaporte is leading this IT company. In 2005, Wipro set a record of becoming the first to discover SEI CMMI Level 5.
Redington India Ltd
Redington India Ltd was established in 1993 and came under the list of top 5 IT companies in India. Redington started as a single brand, and now it has 220 clients across the globe. Redington is now aiming to expands its services in Japan and other Asian countries.
Internet of Things (IoT), Artificial Intelligence (AI), Big Data and Analytics, and 5G communications are the keys of Redington India Limited. As Redington is expanding its services, soon, the unemployment rate in India will go down.
Tech Mahindra Ltd
Tech Mahindra Ltd is the flagship subsidiary of Mahindra Group, offering BPO and IT services. The majority of Wipro and TCS clients are based in the USA; however, Tech Mahindra LTD is expanding its services in the UK market. According to the Telecom domain, Tech Mahindra LTD is one of the best IT companies in India.
Tech Mahindra LTD is listed under Fortune 500 companies having more than 125,700 professionals across the globe. According to the Forbes Global Digital 100 list (2018), Tech Mahindra is a highly ranked Non-US IT company.
Larsen & Toubro Infotech Ltd
Information Technology is the arm of Larsen & Toubro Infotech Ltd, which was founded more than 20 years ago. LTI helps more than 360 clients globally adopt the latest technology advancements like Artificial Intelligence (AI), Machine Learning, etc.
According to 2019 revenue reports, LTI generated 10,014 Cr, one of the highest numbers in the IT domain. LTI is currently headquartered in Mumbai, having more than 32000 employees. Larsen & Toubro Infotech Ltd is currently headquartered in Mumbai, Maharashtra. Believe it or not, LTI is on the right path to compete with TCS.
Mphasis Ltd was established in 1992 who is offering its services to the top six global companies, top three insurance companies, and top eleven mortgage lenders. Mphasis Ltd is also one of the leading IT companies in India. Mphasis Ltd also has a strong presence in the Tier II cities like Pune, Indore, Vadodara, etc.
Recently, Blackstone Private Equity, one of the world’s biggest private equity firms, seized 60% percent shares of Hewlett Packard in Mphasis. This deal one of the largest investments in the IT sector by any private equity firm. Mphasis Ltd is headquartered in Bangalore, having more than 23,000 employees. Currently, Nitin Rakesh is the Chief Executive Officer (CEO) of Mphasis Ltd.
Mphasis Ltd was awarded the Innovation and Excellence Award for Global Technological Solution Services in 2015.
Mindtree was established in 1999 by ten young IT professionals, and now more than 14000 employees are part of this organization. Mindtree is also having a strong presence in eight different countries apart from India. This emerging IT company is headquartered in Bangalore, Karnataka.
Nevertheless, Mindtree is merged with Larsen & Toubro Group independently provides its services to the clients. Debashis Chatterjee is the current CEO of Mindtree; he is planning to expand its services in neighboring Asian countries.
Hence, buddies, this is the updated list of the leading IT companies in India. We hope that the IT domain helps the Indian GDP to get stable and reduce the unemployment rate. Please share your opinions in the below comment box.