The top 10 IT
companies in India in 2023, by market capitalization, are:
- Tata Consultancy Services (TCS)
- Infosys
- HCL Technologies
- Tech Mahindra
- LTIMindtree
- Mphasis
- Wipro
- Hexaware Technologies
- Mindtree
- Seqato
1 .Tata Consultancy Services (TCS)
Tata Consultancy Services (TCS) was
established on April 1, 1968, in Mumbai, India. It was founded as a division of
Tata Sons Limited, a diversified conglomerate.
TCS was one of the first IT companies to be
established in India, and it has played a major role in the development of the
Indian IT industry. TCS has also helped to make India a global leader in IT
services.
Revenue:
Tata Consultancy Services' (TCS) revenue in
the fiscal year 2022-23 was INR 2.29 trillion (USD 25.7 billion). This
represents a year-over-year growth of 16.9%.
Services:
TCS also offers a number of other services,
such as cloud computing, cybersecurity, and data analytics.
Employee
TCS has over 600,000 employees worldwide,
making it one of the largest private-sector employers in India and the
fourth-largest employer among listed Indian companies. The company has a global
presence in over 150 locations across 46 countries.
2 .Infosys
Infosys was established on July 2, 1981 in
Pune, India, by N.R. Narayana Murthy and six other engineers. The company
started with an initial capital of US$250 and has since grown to become one of
the largest IT companies in India, with a global presence in over 50 countries.
Revenue
Infosys' revenue in the fiscal year 2022-23 was INR 1.46 trillion (USD 16.7
billion). This represents a year-over-year growth of 16.0%.
Services:
Infosys offers a wide range of IT services,
including consulting, software development, infrastructure management, and
business process outsourcing. The company serves clients in a variety of
industries, including banking, financial services, insurance, healthcare, and
manufacturing.
Employee
Infosys has over
300,000 employees worldwide, making it one of the largest IT companies in
India. The company has a global presence in over 50 countries.
3. HCL Technologies
HCL Technologies was established on June 11,
1976, in Noida, India, by Shiv Nadar and Ajai Chowdhry. The company started
with an initial capital of INR 18,500 and has since grown to become one of the
largest IT companies in India, with a global presence in over 50 countries.
Revenue
HCL Technologies' revenue in the fiscal year
2022-23 was INR 1.02 trillion (USD 11.4 billion). This represents a
year-over-year growth of 18.5%.
Services:
HCL Technologies offers a wide range of IT
services, including consulting, software development, infrastructure
management, and business process outsourcing. It serves clients in a variety of
industries, including banking, financial services, insurance, healthcare, and
manufacturing.
Employee
HCL Technologies
has over 225,944 employees worldwide, making it one of the largest IT companies
in India. The company has a global presence in over 52 countries.
4. Tech Mahindra
Tech Mahindra was established on October 24, 1986, as Mahindra British Telecom
Limited, a joint venture between Mahindra & Mahindra and British Telecom.
The company was renamed Tech Mahindra Limited in 2006.
Tech Mahindra has grown rapidly since its
inception, and it is now one of the largest IT companies in India. It has a
global presence, with offices in over 90 countries. Tech Mahindra offers a wide
range of IT services to clients in a variety of industries.
Revenue
Tech Mahindra's revenue in the financial year 2022-23 was INR 53,255.2 crores
(USD 5.9 billion). This represents a year-over-year growth of 17.3%.
Services:
Tech Mahindra offers a wide range of IT
services, including consulting, software development, infrastructure
management, and business process outsourcing. It serves clients in a variety of
industries, including banking, financial services, insurance, healthcare, and
manufacturing.
Employee
Tech Mahindra is
headquartered in Pune, India, and has over 152,000 employees across 90
countries.
5. LTIMindtree
LTIMindtree is a global IT services and consulting company formed by the merger
of Larsen & Toubro Infotech (LTI) and Mindtree in November 2022. It is
headquartered in Mumbai, India, and has a global presence in over 30 countries.
LTIMindtree is the fifth-largest IT services company in India by market
capitalization.
Revenue
LTIMindtree's revenue in the financial year
2022-23 was INR 8,702.10 crores (USD 1.058 billion). This represents a
year-over-year growth of 13.84%.
Services
LTIMindtree offers a wide range of IT
services, including consulting, software development, infrastructure
management, and business process outsourcing.
Employee
LTIMindtree has over 82,738
employees worldwide, making it one of the leading IT companies in India. The
company has a global presence in over 30 countries.
6. Mphasis
Mphasis was established on August 10, 1992,
as BFL Software Limited by Mr. Shreeniwas Bangur, Shreekant Bangur, Suraj Ratan
Rathi, Partha Sarathi, Dutta Roy and Dr. V. K. Rungta. The company was renamed
MphasiS BFL Limited in 2000.
Revenue
Mphasis' revenue in the financial year
2022-23 was INR 13,960.1 crores (USD 1.66 billion). This represents a
year-over-year growth of 15.2%.
Services
Mphasis also offers a number of other
services, such as cloud computing, cybersecurity, and data analytics.
Mphasis is a leading provider of IT services
to businesses of all sizes, and it is known for its high-quality services, its
global reach, and its commitment to customer satisfaction.
Employee
Mphasis has over
35,000 employees worldwide, making it one of the leading IT companies in India.
The company has a global presence in over 20 countries.
7. Wipro
Wipro was established on December 29, 1945, in Amalner, Maharashtra, India, by
Mohamed Premji. In 1981, Wipro ventured into the IT industry with the launch of
its software division. Wipro quickly became one of the leading IT companies in
India and has since expanded its global presence to over 60 countries.
Revenue
Wipro's revenue in the financial year 2022-23 was INR 904.9 billion (USD 11.0
billion). This represents a year-over-year growth of 14.4%.
Services
Today, Wipro is a leading global provider of
information technology, consulting and business process services. The company
offers a wide range of services, including consulting, software development,
infrastructure management, and business process outsourcing
Employee
Wipro has over 257,000
employees worldwide, making it one of the largest IT companies in India. The
company has a global presence in over 66 countries.
8. Hexaware Technologies
Hexaware Technologies was established on May
21, 1990, in Mumbai, India, by Atul Nishar. Hexaware Technologies quickly
became one of the leading IT companies in India and has since expanded its
global presence to over 20 countries.
Revenue
Hexaware Technologies' revenue in the financial year 2022-23 was INR 6,123.4
crores (USD 747 million). This represents a year-over-year growth of 28.5%.
Services
The company offers a wide range of IT
services, including consulting, software development, infrastructure
management, and business process outsourcing.
Employee
Hexaware Technologies has
over 28,000 employees worldwide, making it a leading IT services and consulting
company. The company has a global presence in over 25 countries.
9. Mindtree
Mindtree was
established on August 18, 1999, in Bangalore, India, by ten IT professionals,
three of which invested through an entity incorporated in Mauritius. It was
funded by the venture capital firms Walden International and Sivan Securities
and received further funding in 2001 from the Capital Group and Franklin Templeton.
Revenue
Mindtree's revenue in the financial year
2022-23 was INR 10,525.4 crores (USD 1.28 billion). This represents a
year-over-year growth of 31.4%.
Services
Mindtree offers a
wide range of IT services, including Application
Development and Maintenance, Data Analytics, Digital Services, Engineering R&D, Enterprise Application Services, Testing, Infrastructure Management Services.
Employee
Mindtree currently
has over 82,738 employees worldwide, making it one of the leading IT companies
in India. The company has a global presence in over 30 countries.
10. Seqato
Segato was founded in 1990 by Atul Nishar,
who is the current chairman and CEO of the company. The company is
headquartered in Mumbai, India, and has offices in over 20 countries.
Revenue
Segato's revenue in the financial year
2022-23 was INR 1,500 crores (USD 184 million). This represents a
year-over-year growth of 25%.
Services
Here are some of the specific services that
Segato offers Business intelligence and analytics, Cybersecurity, Digital
transformation, Enterprise
resource planning (ERP), Internet of Things
(IoT), Machine learning and artificial intelligence
(AI), Mobile app development.
Employee
Seqato has over 200
employees. The company is headquartered in Thiruvananthapuram, Kerala, India,
and has offices in Kochi and Bengaluru.