Top 10 IT Companies in India 2022 (2023)

This article is about the list of Top IT companies in India [Indian IT companies] based on Total Sales Before That take a look at the IT Industry in India. India is Home to biggest IT companies.

According to the NASSCOM Report, IT export revenues from India grew by 8.3% to an estimated $136 billion in the fiscal year 2019. Technological innovations are reshaping the world we live in. Exponential advances across technologies like cloud computing, artificial intelligence (AI), machine learning, robotics, IoT, augmented and virtual reality would continue to transform every aspect of human life. So here is the list of top software companies in India

List of Top IT Companies in India 2020

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I List of Top IT Companies in India 2020

I.I 1. Tata Consultancy service

I.II 2. Infosys

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I.III 3. HCL Technologies

I.IV 4. Wipro Limited

I.V 5. Redington India Ltd

I.VI 6. Tech Mahindra Ltd

I.VIII 8. Mphasis Ltd

I.IX 9. Mindtree Ltd

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I.X 10. Hexaware Technologies Ltd

Here is the list of Top 10 Biggest IT companies in India 2020. The list is ranked based on total sales in recent years. Indian IT companies are

1. Tata Consultancy service

Tata Consultancy service is the Largest IT company in India in terms of Revenue. TCS is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years.

TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. Tata Consultancy Service is the largest company in India in terms of Market Capitalization. It is the largest in the list of top 10 IT companies in India 2020.

  • Revenue: Rs 1,67,311 Cr
  • Market Cap:Rs845,337Cr.
  • Employees: 420,000
  • ROE:35.98%
  • Sales Growth (3Yrs):10.47%
  • Promoter holding:72.05%

A part of the Tata group, India’s largest multinational business group, TCS has over 420,000 of the world’s best-trained consultants in 50 countries. TCS is Largest software companies in India.

The company generated consolidated revenues of US $20 billion for the year ended March 31, 2019, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. The company has a market capitalization of Rs 8,10,000 Crores.

2. Infosys

Established in 1981, Infosys is an NYSE listed global consulting and IT services company with more than 228,000 employees. It is the second largest in the list of top 10 IT companies in India 2020. One of the leading software companies in India.

From a capital of US$ 250 to become a US$ 11.8 billion (FY19 revenues) company with a market capitalization of approximately US$ 47.7 billion. It is one of the best IT company in India.

  • Revenue: Rs 1,02,673 Cr
  • Market Cap: Rs282,028Cr.
  • Employees: 228,000
  • ROE:23.50%
  • Sales Growth (3Yrs):9.81%
  • Promoter holding:13.15%

Over 37 years, The company has catalyzed some of the major changes that have led to India’s emergence as the global destination for software services talent. The first IT Company from India to be listed on NASDAQ.

3. HCL Technologies

HCL Technologies is one of the best IT companies in India. The Company is a leading global IT services company that helps global enterprises re-imagine and transform their businesses through Digital technology transformation.

The Company focuses on providing an integrated portfolio of services underlined by its Mode 1–2–3 growth strategy. It is the third-largest Indian top it companies.

  • Revenue: Rs 76,306 Cr
  • Market Cap:Rs153,370Cr.
  • ROE:25.76%
  • Sales Growth (3Yrs):24.74%
  • Promoter holding:60.00%

The Company leverages its global network of integrated co-innovation labs and global delivery capabilities to provide holistic multi-service delivery in key industry verticals including Financial Services, Manufacturing, Telecommunications, Media, Publishing, Entertainment, Retail & CPG, Life Sciences & Healthcare, Oil & Gas, Energy & Utilities, Travel, Transportation & Logistics and Government.

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HCL Mode 1 encompasses the core services in the areas of Applications, Infrastructure, BPO and Engineering, and R&D services, leveraging DRYiCETM Autonomics to transform clients’ business and IT landscape, making them ‘lean’ and ‘agile’.

Mode 2 focuses on experience-centric and outcome-oriented integrated offerings of Digital & Analytics, IoT WoRKS™, Cloud Native Services, and Cybersecurity & GRC services to drive business outcomes and enable enterprise digitalization.

Mode 3 strategy is ecosystem–driven, creating innovative IP–partnerships to build products and platforms business.

4. Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology [Indian IT companies] consulting and business process services company. It is on the list of top 5 IT companies in India.

The Company harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help clients adapt to the digital world and make them successful. It is the fourth largest Indian top it companies.

  • Revenue: Rs 64,338 Cr
  • Market Cap:Rs153,043Cr.
  • Employees: 160,000
  • ROE:17.26%
  • Sales Growth (3Yrs):4.82%
  • Promoter holding:74.04%

It is one of the Indian IT companies recognized globally for its comprehensive portfolio of services, a strong commitment to sustainability and good corporate citizenship, The Company has over 160,000 dedicated employees serving clients across six continents. Together, one of the best Indian IT companies to discover ideas and connect the dots to build a better and a bold new future.

5. Redington India Ltd

Established in 1993, Redington has traversed an eventful and exciting journey to one of the best Indian IT companies. It is on the list of top 5 IT companies in India.

The incredible journey has seen us emerge from one brand, one product category, and one market into a US $6.7 billion distribution and supply chain solutions provider to over 220 international brands in IT and Mobility spaces, serving 30+ emerging markets.

  • Revenue: Rs 47,996 Cr.
  • Market Cap: Rs4,438Cr.
  • ROE:15.00%
  • Sales Growth (3Yrs):9.50%
  • Promoter holding:0.00%

Today, new-age technologies like Artificial Intelligence (AI), Robotics, Big Data and Analytics, Internet of Things (IoT), and 5G communications are opening new possibilities and new opportunities for tomorrow. Redington India Ltd is the fifth largest Indian top it companies.

6. Tech Mahindra Ltd

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™.

The company is a 9 billion company with 125,700+ professionals across 90 countries, helping 941global customers including Fortune 500 companies. It is one of the best IT company in India. Tech Mahindra is a part of mahindra Group.

  • Revenue: Rs 38,643 Cr
  • Market Cap:70,141Cr.
  • Employees: 125,700
  • ROE:21.58%
  • Sales Growth (3Yrs):9.45%
  • Promoter holding:35.88%

The Company convergent, digital, design experiences, innovation platforms, and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018).

Read More about Top Tech Companies in the world.

7. Larsen & Toubro Infotech Ltd

Founded 20 years ago as the information technology arm of the Larsen & Toubro group. It is also one of the best IT company in India.

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  • Revenue: Rs 12,644 Cr
  • Market Cap: Rs29,302Cr.
  • ROE:34.63%
  • Sales Growth (3Yrs):17.34%
  • Promoter holding:74.62%

LTI is a global technology consulting and digital solutions company helping more than 360 clients succeed in a converging world. With operations in 30 countries, accelerate digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys.

8. Mphasis Ltd

Incorporated in 1992,Mphasis serves marquee customers across the globe including six top global banks, eleven out of fifteen top mortgage lenders, and three top global insurance companies and has about 22,000 employees across sixteen countries. It is among the top software companies in India.

  • Revenue: Rs 9,855 Cr
  • Employees: 22,000
  • Market Cap:17,738Cr.
  • ROE:19.96%
  • Sales Growth (3Yrs):8.33%
  • Promoter holding:52.22%

Blackstone Private Equity, the world’s largest private equity firmacquiredHewlett Packard Enterprise’s stake (60.5%) in Mphasis. This deal represents the largest technology investment as well as the largest acquisition by Blackstone in India. Mphasis’ core reference architectures & tools, combined with strong domain expertise in Banking, Financial Services & Insurance verticals.

Mphasis Ltd Profile Bangalore Pune

9. Mindtree Ltd

Mindtree is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage. “Born digital,” in 1999 and now a Larsen & Toubro Group Company, Mindtree applies its deep domain knowledge to 350+ enterprise client engagements to break down silos, make sense of digital complexity and bring new initiatives to market faster.

  • Revenue: Rs 8,119 Cr
  • Market Cap: Rs11,855Cr.
  • Employees: 21000
  • ROE:24.94%
  • Sales Growth (3Yrs):14.54%
  • Promoter holding:73.76%

The Company enables IT to move at the speed of business, leveraging emerging technologies and the efficiencies of Continuous Delivery to spur business innovation. Operating in more than 15 countries across the world made up of 21,000 Employees. It is among the list of top software companies in India

10. Hexaware Technologies Ltd

Hexaware is a global leader and the fastest growing next-generation provider of IT, BPO and consulting services. It is one among the best IT company in India.

The Company evolved at the intersection of advanced technologies – AUTOMATE EVERYTHINGTM, CLOUDIFY EVERYTHINGTM, TRANSFORM CUSTOMER EXPERIENCESTM, that helps in fast-tracking enterprises into the digital era.

  • Revenue: Rs 5,306 Cr
  • Market Cap:10,165Cr.
  • Employees: 18,294
  • ROE:26.53%
  • Sales Growth (3Yrs):14.17%
  • Promoter holding:62.45%

HTL growth strategy is further strengthened by expanding global delivery capability, with 33 global offices and 18,294+ employees. HTL service customers in over two dozen languages, from every major time zone and every major regulatory zone.

NoCompany Name
1Tata Consultancy service
3HCL Technologies
4Wipro Limited
5Redington India Ltd
6Tech Mahindra Ltd
7Larsen & Toubro Infotech Ltd
8Mphasis Ltd
9Mindtree Ltd
10Hexaware Technologies Ltd

Which is the No 1 IT company in India?

Tata Consultancy service [TCS] is the No 1 IT company in India in terms of Revenue and Market capital. TCS is owned by TATA Group and the Company offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.

So finally these are the List of Top software companies in India.

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