In today’s fast-paced era, the IT industry plays a vital role in shaping the future of businesses and societies across the globe. When it comes to the Indian IT industry, the growth has been remarkable over the years, and the trend seems to have continued over the years.
With India being the second-largest internet user base in the world and the presence of a highly skilled workforce, the IT sector in India has been experiencing a surge in demand. In fact, it is projected that the Indian IT industry will reach a market cap of $350 billion by the end of 2025.
But with so many companies competing for the top spot, it can be challenging to identify the ones that stand out. That’s why we have compiled a list of the top IT companies in India for the year 2023.
In this Blog, we have covered a comprehensive overview of the Indian IT landscape. So, whether you’re an entrepreneur looking for an IT partner or a tech enthusiast curious about the latest trends, this blog has got you covered.
So, let’s dive in and discover the most promising IT companies in India.
List of Top 10 IT Companies in India
1. Tata consultancy services (TCS)
Market cap: ₹11,43,326 Cr
Founded in: 1968
CEO: Rajesh Gopinathan
Tata Consultancy Services (TCS) is an Indian multinational IT service and consulting company headquartered in Mumbai. With over 50 years of experience, TCS is one of the biggest IT companies in the world offering IT services, consulting, and business solutions to clients.
The company has a global presence with 6,16,171 of the world’s best-trained consultants spread across 149 locations across 46 countries. This impressive reach has enabled TCS to be a trusted partner for many of the world’s biggest businesses in their transformational journeys.
TCS is a significant part of the Tata Group, a diversified business conglomerate and is listed on the BSE and the NSE in India. Its strong financial position and market reputation are reflected in its stock market listings.
Want to know more about Tata Group, read: Top Companies Owned by Tata in 2023
Market cap: ₹5,71,000 Cr
Founded in: 1981
CEO: Salil Parekh
Infosys, established in 1981, was the first IT company from India to be listed on NASDAQ. Founded in Pune and headquartered in Bangalore, Infosys is a global consulting and IT services company with more than 3,46,000 employees.
Over the years, Infosys has been instrumental in catalyzing some of the major changes that have led to India’s emergence as the global destination for software services talent. This has resulted in the company being ranked as the 602nd biggest public company in the world, according to the Forbes Global 2000 ranking.
Infosys has also been successful in the stock market, becoming the fourth Indian company to reach $100 billion in market capitalization on 24 August 2021. This impressive feat reflects the company’s strong financial position and reputation in the marketplace.
Market cap: ₹1,98.000 Cr
Founded in: 1945
CEO: Thierry Delaporte
Wipro Limited (formerly Western India Palm Refined Oils Limited) is a leading global IT, consulting and business process services company that harnesses the power of cognitive computing, hyper-automation, robotics, cloud and analytics to help clients adapt to the digital world and achieve success.
With over 2,31,000 dedicated employees serving clients in 167 countries across six continents, Wipro has established itself as a major player in the list of IT companies in India.
Its initial public offering was in 1946 and since then its equity shares have been listed on the BSE and NSE. Additionally, the American depositary shares of the company have been listed on the New York Stock Exchange since October 2000.
4. HCL Technologies
Market cap: ₹2,85,0000 Cr
Founded in: 1991
CEO: C Vijaykumar
HCL Technologies (formerly Hindustan Computers Limited) is one of the prominent IT companies in India headquartered in Noida. The company specializes in helping enterprises transform their businesses for the digital world.
With offices in 52 countries and a workforce of over 2,10,966 employees, HCLTech is among the top 20 largest publicly traded companies in India and is listed on Forbes Global 2000.
Since going public on 10 November 1999, HCLTech has focused on providing an integrated portfolio of services underlined by its Mode 1-2-3 growth strategy.
- Mode 1 of HCLTech’s growth strategy focuses on core services like applications, infrastructure, BPO, engineering, and R&D.
- Mode 2 emphasizes experience-centric and outcome-oriented digital services like analytics, IoT, cloud, and cybersecurity.
- Mode 3 is ecosystem-driven, building innovative IP partnerships to create products and platforms for business.
5. Tech Mahindra
Market cap: ₹1,07,000 Cr
Founded in: 1986
CEO: CP Gurnani
Tech Mahindra is a multinational IT services and consulting company and a member of the Mahindra Group.
With its headquarters in Pune and a registered office in Mumbai, the company has a global presence across 90 countries, boasting a workforce of over 158,000 skilled employees.
Tech Mahindra has been ranked 5th among India’s IT firms and 47th on the Fortune India 500 list for 2019. The company has an impressive portfolio of 1,262 active clients, including Fortune 500 companies, as of June 2022. Tech Mahindra is a constituent of the BSE Sensex and NSE Nifty 50, further cementing its position as a leading player in the IT industry.
Market cap: ₹13,86,115 Cr
Founded in: 1845
CEO: Joe Ucuzoglu
Deloitte is a global professional services network that provides a range of services including audit, consulting, financial advisory, risk advisory, and tax services to select clients. The company is headquartered in London, England.
With more than 175 years of experience, Deloitte has a presence in over 150 countries and territories with a workforce of over 4,15,000 people.
In India, Deloitte operates through two entities – Deloitte India and Deloitte US-India (USI), the latter being a branch within the Deloitte US organization. While Deloitte India caters to clients within India, Deloitte USI is an entity of Deloitte US that is geographically located in India and serves clients of the US member firm.
Market cap: ₹ 9,22,776 Cr
Founded in: 1911
CEO: Arvind Krishna
IBM, also known as Big Blue, is a leading American cloud platform and cognitive solutions company present in over 175 countries. With over 2,97,900 employees worldwide as of 2022, IBM is the largest technology and consulting employer globally.
As a pioneer in technology, IBM has been responsible for several game-changing innovations such as the ATM, dynamic RAM, floppy disk, hard disk drive, magnetic stripe card, relational database, SQL programming language, and UPC barcode.
IBM India Private Limited is the Indian subsidiary of IBM, constituting the largest number of employees of IBM worldwide since 2006. One in every five IBM employees works in India, reflecting the company’s significant presence in the country.
Market cap: ₹14,74,799
Founded in: 1989
CEO: Julie Sweet
Accenture is an Irish-American company based in Dublin, specializing in providing IT services and consulting to clients across more than 40 industries.
Ranked among the Fortune Global 500 companies, Accenture serves an impressive clientele that includes 91 of the Fortune Global 100 and over three-quarters of the Fortune Global 500. With over 642,000 employees worldwide as of 2022, Accenture is currently the largest consulting firm in the world by the number of employees.
Accenture India Private Limited is the Indian subsidiary of Accenture, classified as a ‘company limited by shares and currently a private unlisted company.
9. LTI Mindtree
Market cap: ₹89,686 Cr
Founded in: 1996
CEO: Debashis Chatterjee
LTI aka Larsen & Toubro Infotech, a subsidiary of Larsen & Toubro Group, is a Mumbai-based global technology consulting and digital solutions company with operations in 30 countries.
It was founded in 1996 by two Danish engineers Henning Holck-Larsen and Søren Kristian Toubro, who took refuge in India. In May 2022, LTI was merged with Mindtree, the other IT services subsidiary of Larsen & Toubro and the company was renamed LTI Mindtree.
LTI employs more than 90,000 people and specializes in mobile, social, analytics, IoT, and cloud journeys. The company went public in July 2016 via an IPO of ₹1,243 crore.
10. Redington India Ltd
Market cap: ₹13,361 Cr
Founded in: 1993
CEO: Ramesh Natarajan
Redington India Ltd, a subsidiary of the Redington Group co-founded by R. Srinivasan in 1993, started as a distributor of IT products from Epson, Tripp Lite, Samsung, and others in India. Today, Redington provides end-to-end supply chain solutions for various categories of IT products such as PCs, networking, software, and enterprise solutions, as well as consumer and lifestyle products like telecom and digital lifestyle products.
As a provider to over 220 international brands in IT and mobility spaces, Redington serves 30+ emerging markets with a global presence in over 70 sales offices. The company has more than 4,518 employees who work towards offering efficient and effective supply chain solutions to their clients.
Who is the top 10 IT company in India?
The top 10 IT companies in India are:
- Tata Consultancy Services (TCS)
- HCL Technologies
- Tech Mahindra
- Accenture India
- IBM India
- LTI Mindtree
- Redington Indian Ltd
How many IT companies in India?
There are more than 1,70,000+ IT companies in India.
Which is India’s largest IT industry?
Tata Consultancy Services is India’s largest IT company.
Which city is top in the IT sector in India?
Bangalore is the IT Capital of India and the top city in the IT sector in India.