The Indian IT industry has transformed into a dynamic sector, showcasing the country’s remarkable capacity for innovation and technological advancement. Originating in the late 20th century, this industry has experienced exponential growth, propelling India into a global IT powerhouse. Today, IT serves as the backbone of every business sector, driving innovation essential for smooth operations. India has earned international recognition for its technological prowess, boasting some of the world’s leading IT companies.
In this blog, we have compiled a list of the top 20 IT companies based in India, sorted by revenue, showcasing their significant contributions to the global IT landscape and their expertise in delivering value to clients worldwide. As India aims to make technology contribute 20-25% of the country’s GDP by 2025, these companies will play a critical role in driving innovation, fostering economic growth, generating millions of jobs nationwide and shaping the future of technology on a global scale.
Quick overview of top 20 IT companies in India
| Company Name | Headquarters | Revenue | |
| 1. | Tata Consultancy Services | Mumbai | US $29.08B |
| 2. | Infosys | Bengaluru | US $18.6B |
| 3. | HCLTech | Noida | US $13.3B |
| 4. | Wipro | Bengaluru | US $10.8B |
| 5. | Tech Mahindra | Pune | US $6.27B |
| 6. | LTIMindtree | Mumbai | US $4.28B |
| 7. | Mphasis | Bengaluru | US $1.59B |
| 8. | Hexaware Technologies | Navi Mumbai | US $1.3B |
| 9. | Persistent Systems | Pune | US $ 1.186B |
| 10. | Coforge | Noida | US $1.119B |
| 11. | Sonata Software | Bengaluru | US $1.03B |
| 12. | Oracle Financial Services Software | Mumbai | US $763.67M |
| 13. | Cyient | Hyderabad | US $707.3M |
| 14. | Birlasoft | Pune | US $637.2M |
| 15. | KPIT Technologies | Pune | US $587M |
| 16. | Sify Technologies | Chennai | US $426.9M |
| 17. | Tata Elxsi | Bengaluru | US $425M |
| 18. | Mastek | Mumbai | US $368M |
| 19. | Datamatics | Mumbai | US $136.1M |
| 20. | Godrej Infotech | Mumbai | US $17M |
Read on to discover more about these companies.
1. Tata Consultancy Services (TCS)
- CEO: K Krithivasan
- Headquarters: Mumbai, Maharashtra, India
- Revenue: US $29.08 billion (FY23-24)
Tata Consultancy Services (TCS) is a significant player in the IT industry, offering a wide range of services including IT solutions. Established in 1968 as Tata Computer Systems, it originated from a division of Tata Sons Limited. As part of the Tata Group, India’s largest multinational business conglomerate, TCS operates globally with a workforce of over 603,305 consultants spread across 55 countries.
In the fiscal year ending March 31, 2024, TCS reported consolidated revenues of US $29.08 billion, making it a major revenue generator in the IT sector. TCS is recognized for its expertise in areas such as cloud solutions, cognitive business operations, consulting, and cybersecurity. It holds the distinction of being the second-largest Indian company by market capitalization and is regarded as one of the most valuable IT service brands worldwide.
- CEO: Salil Parekh
- Headquarters: Bengaluru
- Revenue: US $18.6 billion (FY23-24)
Infosys Limited is an Indian multinational information technology company that specializes in offering business consulting, information technology, and outsourcing services. Founded in Pune and headquartered in Bangalore, Infosys has established itself as a global leader in next-generation digital services and consulting. With a presence in over 50 countries, Infosys aids clients in navigating their digital transformation journeys.
Drawing from over three decades of experience, Infosys excels in managing the systems and operations of global enterprises. It empowers businesses with an AI-powered core, facilitating the prioritization and execution of transformative initiatives. Established in 1981, Infosys currently employs 317,000 professionals worldwide.
3. HCLTech
- CEO: C Vijayakumar
- Headquarters: Noida
- Revenue: US $13.3 billion (FY23-24)
HCL Technologies Limited, known as HCLTech (formerly Hindustan Computers Pvt. Limited), is an Indian multinational IT consulting company headquartered in Noida. Established by Shiv Nadar, it emerged as a separate entity in 1991 when HCL ventured into software services. Currently, it has a workforce exceeding 227,000 individuals spread across 60 nations.
HCLTech specializes in digital, engineering, cloud, and AI solutions, supported by a diverse range of technology services and products. Collaborating with clients across various sectors such as Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services, HCLTech delivers industry-specific solutions. In the financial year ending in March 2024, its consolidated revenues reached $13.3 billion.
4. Wipro
- CEO: Srinivas Pallia
- Headquarters: Bengaluru
- Revenue: US $10.8 billion (FY23-24)
Wipro Limited, derived from its former name, the Western Indian Palm Refinery Oil, is a prominent Indian multinational corporation operating as a top-tier technology services and consulting entity, dedicated to crafting innovative solutions tailored to meet the intricate digital transformation needs of its clientele. Its expertise spans a wide spectrum, encompassing cloud computing, cybersecurity, digital transformation, artificial intelligence, robotics, data analytics, and various other technology consulting services.
Wipro has a workforce of nearly 245,000 employees and partners operating in 65 countries.
It closed the financial year 2023-24 with revenues of US $10.8 billion with a slight 0.8% decrease year-over-year.
- CEO: Mohit Joshi
- Headquarters: Pune
- Revenue: US $6.27 billion (FY23-24)
Tech Mahindra is a forward-thinking IT company dedicated to delivering innovative and customer-focused technology solutions. With a global team of over 146,000 professionals spanning 90 countries, it serves more than 1250 global customers, including Fortune 500 companies.
Focused on leveraging cutting-edge technologies like 5G, blockchain, metaverse, quantum computing, cybersecurity, and artificial intelligence, Tech Mahindra enables seamless digital transformation for its clients worldwide. A recent collaboration with Spain-based Atento enhances its capabilities by offering AI-powered solutions and services reinforcing its position as a leader in business process outsourcing (BPO), catering to diverse linguistic needs with solutions available in over 50 languages.
6. LTIMindtree
- CEO: Debashis Chatterjee
- Headquarters: Mumbai
- Revenue: US $4.3 billion (FY23-24)
LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across diverse industries to redefine business models, foster innovation, and drive growth through digital technologies.
Originally founded as L&T Information Technology Ltd in December 1996 under Larsen & Toubro, the company underwent a rebranding in May 2017 to ‘LTI’. Subsequently, in June 2019, Larsen & Toubro acquired Bengaluru-based Mindtree. Following this, in May 2022, Mindtree, then an independent IT services subsidiary of Larsen & Toubro, was merged into LTI, leading to the formation of LTIMindtree.
As a partner in digital transformation for over 700 clients, LTIMindtree leverages extensive domain expertise and advanced technologies to enhance competitive differentiation, elevate customer experiences, and deliver impactful business outcomes in a rapidly evolving landscape. It presently has a workforce of nearly 82,000 skilled and entrepreneurial professionals spread across more than 30 countries.
7. Mphasis
- CEO: Nitin Rakesh
- Headquarters: Bengaluru
- Revenue: US $1.59 billion (FY23-24)
Mphasis, a leading applied technology services company, stands out for its innovative approach in delivering service excellence and driving successful outcomes across sales, delivery, and development domains. Embracing agility, nimbleness, and a customer-centric ethos, the company remains adept at anticipating future trends in applied technology, ensuring its clients maintain a competitive edge in a constantly evolving market.
With a strong emphasis on architecture and design, Mphasis offers next-generation solutions that enable enterprises to accelerate their digital transformation journey. Leveraging core reference architectures, advanced tools, and domain expertise, Mphasis fosters a culture of speed, innovation, and specialization to meet the diverse needs of its clientele.
- CEO: R. Srikrishna
- Headquarters: Navi Mumbai
- Revenue: US $1.3 billion (FY22-23)
Hexaware Technologies is a global company that provides technology and business process services to businesses around the world. It helps businesses in their digital transformation journey by offering services such as Business Process Services, Cloud Solutions, Data & AI expertise, Digital IT Operations, Digital & Software solutions, and Enterprise Platform Services. It has a team of 27,000 professionals with offices in over 40 locations across 19 countries.
- CEO: Sandeep Kalra
- Headquarters: Pune
- Revenue: US $1.186 billion (FY23-24)
Recognized as a trusted partner in digital engineering and enterprise modernization, Persistent Systems harnesses extensive technical expertise to keep clients at the forefront of innovation. Collaborating with industry leaders globally, including prominent US corporations and financial institutions, it drives innovation across sectors such as Healthcare and Life Sciences, Banking, Financial Services, and Insurance, Software and Hi-Tech, and Emerging Verticals.
Its innovative approach and unwavering client focus have resulted in significant achievements, with FY24 revenue reaching $1.186 billion, reflecting 14.5% year-over-year growth. With a workforce exceeding 23,800 professionals across 21 countries, the company continues to empower industry leaders worldwide with transformative technology solutions.
10. Coforge
- CEO: Sudhir Singh
- Headquarters: Noida
- Revenue: US $1.119 billion (FY23-24)
Coforge is a global provider of digital services and solutions, dedicated to helping its clients achieve significant business transformations by combining domain expertise with emerging technologies. By focusing on specific industries and deeply understanding their processes, Coforge offers unique insights and value to its clients. The company adopts a product engineering approach and utilizes Cloud, Data, Integration, and Automation technologies to drive intelligence and growth in client enterprises. Coforge’s proprietary platforms play a crucial role in powering essential business processes across various industries. With a presence in 21 countries and 25 delivery centers across nine countries, Coforge is committed to delivering innovative solutions globally.
Additionally, Coforge has announced its acquisition of Cigniti Technologies, an Indian company specializing in AI-driven digital assurance and engineering services, further expanding its capabilities in the digital domain.
11. Sonata Software
- CEO: Samir Dhir
- Headquarters: Bengaluru
- Revenue FY 23-24: US $1.03 billion (FY23-24)
Based in Bangalore, Sonata Software Limited is a premier Modernization engineering firm, offering a range of services tailored to enhance business operations. Utilizing its proprietary Platformation™ approach, Sonata specializes in modernization services, focusing on cloud and data modernization, Microsoft Dynamics Modernization, Digital contact center setup and management, managed cloud services, and digital transformation services.
Established in 1986, the company has expanded its footprint to encompass North America, Europe, ANZ, and Asia-Pacific regions. It has also partnered with leading technology providers such as Microsoft, Amazon, and Google, among others.
12. Oracle Financial Services Software
- CEO: Makarand S. Padalkar
- Headquarters: Mumbai
- Revenue: US $763.67 million (FY23-24)
Based in Mumbai, Maharashtra, India, Oracle Financial Services Software Ltd (OFSS), a subsidiary of Oracle Corp, specializes in providing comprehensive IT services tailored to the financial services sector. OFSS offers a wide array of banking software solutions, encompassing cloud-based offerings, banking payment solutions, revenue management tools, and financial services analytical applications.
Additionally, the company extends its expertise through various services, including business process outsourcing, prime sourcing, consulting, application support, Business Processing Outsourcing services, and technology solutions. Serving clients across capital markets, banking, wealth management, corporate banking, payments, retail banking, and risk and compliance domains, OFSS operates on a global scale with a presence in the Americas, Europe, Asia-Pacific, the Middle East, and Africa.
13. Cyient
- CEO: Kathikeyan Natarajan
- Headquarters: Hyderabad
- Revenue: US $707.3 million (FY23-24)
Cyient is an Indian multinational technology company specializing in engineering, manufacturing, data analytics, networks, and operations. Founded in 1991 in Hyderabad under the name Infotech Enterprises Ltd., the company rebranded as Cyient in 2014. With a rich history spanning nearly three decades, Cyient has evolved from its pioneering roots in the geospatial industry to become a global leader in engineering services and solutions.
Partnering with over 300 customers, including 40% of the top 100 global innovators, Cyient is committed to delivering intelligent engineering and technology solutions that pave the way for a digital, autonomous, and sustainable future. With a workforce exceeding 10,001 employees, it continues to innovate and drive positive change in the technology landscape.
14. Birlasoft
- CEO: Angan Guha
- Headquarters: Pune
- Revenue: US $637.2 million (FY23-24)
Birlasoft, a global leader in Cloud, AI, and Digital technologies, combines domain expertise with enterprise solutions to drive innovation. The company’s consultative and design-thinking approach aims to enhance the efficiency and productivity of businesses worldwide. As part of the multibillion-dollar diversified CK Birla Group, Birlasoft, with its team of over 12,500 professionals, is dedicated to spearheading digital transformation initiatives.
Recently, Birlasoft introduced its generative AI platform, Birlasoft Cogito, designed to empower enterprises to revolutionize their operations through Generative AI capabilities. This launch highlights the company’s commitment to delivering cutting-edge enterprise solutions, facilitating process automation, content innovation, informed decision-making, and overall business performance enhancement.
15. KPIT Tech
- CEO: Kishor Patil
- Headquarters: Pune
- Revenue: US $587 million (FY23-24)
KPIT Technologies has established a strong presence in the automotive embedded software, electronics, and electrical architecture (ERD) space, consistently achieving robust double-digit year-over-year growth. As a leading independent software development and integration partner, KPIT facilitates the advancement of mobility towards a cleaner, smarter, and safer future.
With a workforce of over 11,000 professionals worldwide, KPIT empowers its clients to adopt next-generation technologies essential for the future of mobility. Operating engineering centers in Europe, the USA, Japan, China, Thailand, and India, KPIT collaborates closely with automotive and mobility leaders, strategically positioning itself within transformative ecosystems.
- CEO: Kamal Nath
- Headquarters: Chennai
- Revenue: US $426.9 million (FY23-24)
Sify Technologies Limited, formerly known as Satyam Infoway, is a prominent Indian information and communications technology (ICT) company catering to diverse needs such as telecom services, data center services, cloud & managed services, transformation integration services, and application integration services. Positioned as a Fortune India 500 company, Sify places Cloud technology at the forefront of its solutions portfolio, catering to the evolving ICT requirements of the emerging Digital economy and the varied demands of large, mid, and small-sized businesses.
Sify operates 11 advanced Data Centers and the largest MPLS network, supported by partnerships with global technology companies. It operates in over 1600 cities across India and also has a global presence with offices in North America, the United Kingdom, and Singapore.
17. Tata Elxsi
- CEO: Manoj Raghavan
- Headquarters: Bengaluru
- Revenue: US $425 million (FY23-24)
Established in 1989, Tata Elxsi is a renowned global provider of design and technology services spanning industries such as Automotive, Broadcast, Communications, and Healthcare. By leveraging design thinking and cutting-edge digital technologies like IoT (Internet of Things), Cloud, Mobility, Virtual Reality, and Artificial Intelligence, Tata Elxsi assists clients in reimagining their products and services.
With a presence across more than 35 locations in 15 countries, Tata Elxsi offers design-led digital engineering, technology development, testing, and systems integration services. Its extensive domain expertise, coupled with over 30 years of technology and product development experience, enables global brands to differentiate themselves and achieve success in competitive markets.
18. Mastek
- CEO: Hiral Chandrana
- Headquarters: Mumbai
- Revenue: US $368 million (FY23-24)
Mastek serves as an enterprise digital and cloud transformation partner, specializing in engineering excellence for clients spanning various industries such as healthcare and life sciences, retail & consumer, manufacturing, financial services, and public sector. With a global presence across 40 countries, including the UK, US, Europe, the Middle East, and Asia Pacific, Mastek aids enterprises in simplifying their digital operations and achieving desired business outcomes.
Its services encompass a wide spectrum, including digital experience & engineering, cloud implementations, data, automation & AI, and cloud managed services, all delivered with trust, value, and speed. As a trusted partner of Oracle, Salesforce, Microsoft, AWS, and Snowflake, Mastek has a team of over 6000 employees and provides tailored solutions to both medium-sized businesses and global Fortune 1000 clients.
19. Datamatics
- CEO: Rahul L. Kanodia
- Headquarters: Mumbai
- Revenue: US $136.1 million (9MFY23-24)
Datamatics helps businesses dive deep into digital realms to enhance productivity, customer experiences, and competitive edge. With a focus on three key areas—Digital Technologies, Digital Operations, and Digital Experiences—Datamatics offers a wide range of solutions. These include Intelligent Document Processing, Robotic Process Automation, AI/ML models, Smart Workflows, Business Intelligence, and Automatic Fare Collection.
Serving a diverse global clientele in sectors like Banking, Financial Services, Insurance, Healthcare, Manufacturing, International Organizations, and Media & Publishing, Datamatics operates across four continents. Its major delivery centers are located in the USA, India, and the Philippines.
20. Godrej infotech
- CEO: Ajay Pimparkar
- Headquarters: Mumbai
- Revenue: US $17 million (FY22-23)
Founded in 1999, Godrej Infotech Limited is a leading provider of technology services known for its digital solutions in Cloud, Analytics, Automation, and Transformation. The company has established strategic partnerships with major technology leaders like Microsoft, Infor, Oracle, LS Retail, Automation Anywhere, UiPath, and SalesForce. Godrej Infotech’s services also include a wide range of technologies such as .Net, SharePoint, Office 365, SQL & Oracle databases, Power Platform, DataLake, AI/ML, IIoT, and eCommerce.
Headquartered in Mumbai, India, and with a global presence across the USA, Europe, Asia-Pacific, and the Middle East, Godrej Infotech offers services such as Business Consulting, Digital Transformation, ERP Implementation, Migration & Rollout, Application Development, Integration across multiple platforms, Infrastructure Management, Data & IT Security, and customized development using Low Code–No Code tools.
This ranking of top IT companies in India is based on our research and analysis. If you would like your company to be considered for future lists, you can write to us with details at enquiry@wire19.com and our team will evaluate the same. We welcome your input and strive to provide accurate and comprehensive coverage of India’s dynamic IT industry. Let us know your thoughts via the comments section below.
Disclaimer: The article ranks IT companies of Indian origin based on their latest revenue figures as of May 8, 2024. It’s important to note that while efforts have been made to ensure accuracy, these rankings may be subject to updates or changes based on subsequent financial reporting or revisions by the companies themselves.
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