Top 10 IT Companies in India 2023 [Updated]
The information technology (IT) industry in India has experienced tremendous growth in recent years, and is now home to some of the most successful and innovative IT companies in the world.
In this article, we will take a look at the top 10 IT companies in India, highlighting their achievements, innovative products and services, and future growth potential.
Today India is one of the fast-growing countries in the world and here the top IT (Information Technology) companies help India to become a Developed country.
Big technology companies like Wipro, TCS and Infosys have many strong bases in India owing to their success in the sector of information technology.
These companies are leading the way in the IT industry, and are poised to continue their success in the years ahead. Whether you are a developer, a business owner, or simply someone who is interested in technology, these companies are definitely worth paying attention to.
According to the report of NASSCOM (National Association of Software and Service Companies) IT sector revenue grew 15.5% in FY22 to $227 billion every year IT sector added 3.33 lakh jobs, taking the overall workforce strength to 5.84 million.
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| top 10 it company in India |
List of Top 10 IT Companies in India 2023 by Revenue and Market Capitalization.
Here is the list of the Top 10 IT companies in India in 2023.
1. TCS
Tata Consultancy Services (TCS) is a multinational IT services and consulting company that is based in Mumbai, India. It is one of the largest and most successful IT companies in India, and is consistently ranked as one of the top 10 IT companies in the country.
TCS was founded in 1968, and has since grown to become a global leader in the IT industry, with a presence in more than 50 countries around the world. The company provides a wide range of IT services, including software development, consulting, and outsourcing, and has a diverse client base that includes Fortune 500 companies and government agencies.
One of the key strengths of TCS is its focus on innovation and continuous improvement. The company has a strong track record of developing new technologies and solutions that meet the changing needs of its clients, and is always looking for ways to improve its services and stay ahead of the curve in the rapidly evolving IT industry.
- CEO:- Rajesh Gopinathan
- Headquarters:- Mumbai, Maharashtra, India
- ROE:- 35.98 %
- Revenue:- Rs 1,95,772 Cr.
- Market Cap:- Rs 845,792 Cr.
- Employees:- 616,171
- Sales Growth-Revenue (3Yrs):- 10.47%
- Sales Growth-NetProfit (3Yrs):- 9.22%
- Promoter holding:- 72.05%
In addition to its strong focus on innovation, TCS is also known for its commitment to quality and customer satisfaction. The company has a rigorous quality management system in place, and is committed to delivering high-quality services and solutions to its clients.
2. Infosys
Infosys is a global technology company that is based in Bengaluru, India. It is one of the largest and most successful IT companies in India, and is consistently ranked as one of the top 10 IT companies in the country.
Infosys was founded in 1981, and has since grown to become a global leader in the IT industry, with a presence in more than 50 countries around the world. The company provides a wide range of IT services, including software development, consulting, and outsourcing, and has a diverse client base that includes Fortune 500 companies and government agencies.
One of the key strengths of Infosys is its focus on innovation and continuous improvement. The company has a strong track record of developing new technologies and solutions that meet the changing needs of its clients, and is always looking for ways to improve its services and stay ahead of the curve in the rapidly evolving IT industry. It is one of the best IT company in India.
- CEO:- Salil Parekh
- Headquarters:- Bengaluru, Karnataka, India
- Revenue:- Rs 1,02,936 Cr.
- Market Cap:- Rs 282,028 Cr.
- Employees:- 3,35,787
- ROE:- 23.50%
- Sales Growth-Revenue (3Yrs):- 9.81%
- Sales Growth-NetProfit (3Yrs):- 6.1%
- Promoter holding:- 13.15%
One of its known Products is Finacle, a comprehensive banking solution with many retail and corporate banking modules that help.
Infosys provides software development and various product & services including NIA – Next Generation Integrated AI Platform (formerly known as Mana), global management consulting service through Infosys Consulting, Infosys Information Platform (IIP) – Analytics platform, Panaya Cloud Suite, Skava, Engineering Services, Digital Marketing.
3. HCL Technologies
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| HCL Technology |
HCL(Hindustan Computers Limited) Technologies is one of the Leading Indian IT companies. 6 engineers and led by Shiv Nadar, started a company that would make personal computers and then provides other services like Software services, business software and more.
On 11th August 1976, the company was started as Hindustan Computers Limited (HCL). Today HCL is one of the leading global IT services and consulting companies that helps global enterprises re-imagine and transform their businesses through Digital technology & transformation.
HCL has over 2,10,000 employees and a total Market Cap of 268,933 Cr. It is also listed in the list of the top 5 best IT companies in India in 2023.
- CEO:- C Vijayakumar
- Headquarters:- Noida, Uttar Pradesh, India
- Revenue:- Rs 76,265 Cr.
- Market Cap:- Rs 153,933 Cr.
- Employees:- 150,000
- ROE:- 25.74%
- Sales Growth-Revenue (3Yrs):- 24.74%
- Sales Growth-NetProfit (3Yrs):- 8.7%
- Promoter holding:- 60.33%
HCL provides various services, including Applications Services & Systems Integrations, BPO / Business Services, Engineering and R&D Services (ERS), Infrastructure Management Services (IMS), IoT WoRKS, DRYiCE, Digital & Analytics, Cybersecurity, GRC Services Governance, risk and compliance.
HCL operates across many different sectors, including aerospace and defense, banking, energy, media & entertainment, healthcare, retail, telecom, hi-tech, insurance, life sciences, manufacturing, oil, and gas.
HCL Technologies is on the Forbes 2000 Global list with a market capitalization of $25.8 billion. Last year in 2021, Roshni Nadar Malhotra became the Chairman of the HCL succeeding the HCL founder Shiv Nadar.
4. Wipro Limited
Wipro formerly Western India Palm Refined Oil Limited, is one of the leading global IT consulting and business process services companies. Wipro is one of India’s excellent IT companies mentored by Azim Premji and On 6th July 2020, Thierry Delaporte became the New CEO of Wipro.
Today Wipro is considered the top IT company in India. since 2022, Wipro also Provides Many jobs in India including web development, Software development-related jobs. and give students a bright career.
Wipro tacks the power of robotics, cloud, analytics, cognitive computing, automation, and emerging technologies and helps clients with digital transformation. Wipro has over 231,878 dedicated employees serving clients across 6 continents.
- CEO:- Thierry Delaporte
- Headquarters:- Bengaluru, Karnataka, India
- Revenue:- Rs 65,373.60 Cr.
- Market Cap:- Rs 153,812 Cr.
- Employees:- 231,878
- ROE:- 17.26%
- Sales Growth-Revenue (3Yrs):- 4.82%
- Sales Growth-NetProfit (3Yrs):- 4.6%
- Promoter holding:- 74.04%
It is one of the Indian IT companies recognized globally for its strong commitment to sustainability and good corporate citizenship.
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5. Redington India Limited
Redington India Limited is an Indian multinational company that is based in Chennai, India. It is one of the largest and most successful IT companies in India, and is consistently ranked as one of the top 10 IT companies in the country.
Redington India was founded in 1993, Redington India has made a name for itself as one of the top IT companies in India, consistently ranking among the top 5 in the country.
From its humble beginnings, the company has experienced a dynamic and thrilling journey to the top of the industry and has since grown to become a leading player in the IT industry, with a presence in more than 50 countries around the world.
The company provides a wide range of IT products and services, including hardware, software, and solutions, and has a diverse client base that includes Fortune 500 companies and government agencies.
One of the key strengths of Redington India is its focus on innovation and continuous improvement. The company has a strong track record of developing new technologies and solutions that meet the changing needs of its clients, and is always looking for ways to improve its products and services and stay ahead of the curve in the rapidly evolving IT industry. Redington India Ltd is the fifth largest Indian top it companies.
- CEO:- Ramesh Natarajan
- Headquarters:- Tamil Nadu, India
- Revenue:- Rs 47,996 Cr.
- Market Cap:- Rs 4,438 Cr.
- Employees:- 3,984
- ROE:- 15.26%
- Sales Growth-Revenue (3Yrs):- 9.50%
- Sales Growth-NetProfit (3Yrs):- 6.42%
- Promoter holding:- 0.00%
In addition to its strong focus on innovation, Redington India is also known for its commitment to quality and customer satisfaction. The company has a rigorous quality management system in place, and is committed to delivering high-quality products and solutions to its clients.
6. Tech Mahindra Ltd
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| Tech Mahindra |
Tech Mahindra Limited is a Mahindra Group subsidiary, providing IT services and Business Process Outsourcing. Other Top Indian IT Companies have clients from mainly the USA; however, Tech Mahindra’s primary client bases are in Europe and/UK.
Tech Mahindra is considered one of the best IT companies from India in the Telecom Domain. After the Satyam scandal in 2008-09, Tech Mahindra won Satyam Computer Services’ bid to merge Satyam with Tech Mahindra.
Tech Mahindra represents the connected world, offering web development innovative and customer-centric information technology experiences, enabling enterprises worldwide. It is one of the best IT company in India.
- CEO:- C.P. Gurnani
- Headquarters:- Pune, Maharashtra, India
- Revenue:- Rs 38,643 Cr.
- Market Cap:- Rs 70,609 Cr.
- Employees:- 125,800
- ROE:- 21.58%
- Sales Growth-Revenue (3Yrs):- 9.45%
- Sales Growth-NetProfit (3Yrs):- 12.8%
- Promoter holding:- 35.88%
Tech Mahindra is a US$38.642 billion company with over 125,000 employees across 90 countries. The company was ranked #5 in India’s IT firms and overall #47 on Fortune India 500 list for 2019.
7. Larsen & Toubro Infotech Ltd.
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| Larsen & Toubro Infotech Ltd. |
Larsen & Toubro Infotech Ltd, also known as LTI, is a global IT solutions and services company based in Mumbai, India. It is also one of the best IT company in India.
Founded in December 1996 as a wholly-owned subsidiary of Larsen & Toubro Ltd (L&T), according to NASSCOM [National Association of Software and Service Companies).
Larsen & Toubro Infotech(LTI) is the seventh-largest Indian IT services company in terms of export revenues.
For the past two decades, the Larsen and Turbo Group has fallen into the IT industry. Like the organization above, It is the eighth largest in the list of best IT companies in India.
LTI is an international technology consulting and digital solutions company that helps more than 360 clients thrive in a converged world. With operations in 30 countries, LTI's Mosaic platform enables rapid digital transformation enabling social, analytics, IoT, mobile, and cloud journeys.
- CEO:- Sanjay Jalona
- Headquarters:- Mumbai, Maharashtra, India
- Revenue:- Rs 12,644 Cr.
- Market Cap:- Rs 29,302 Cr.
- Employees:- 31,437
- ROE:- 43.63%
- Sales Growth-Revenue (3Yrs):- 10.1%
- Sales Growth-NetProfit (3Yrs):- 16.5%
- Promoter holding:- 74.62%
LTI provides various services such as Enterprise Solutions, Cloud, Infrastructure & Security, Applications Management, and Digital Transformation.LTI Mosaic platform offers data engineering, advanced analytics, knowledge-led automation, and IoT connectivity using exponential technology.
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8. Mphasis Ltd
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| Mphasis |
Incorporated in June 1992, as a result of the merger of the US-based IT company Mphasis Corporation and the Indian IT company BFL Software Limited, it is one of the top Software and IT companies in India in 2023.
Mphasis provides information technology services, integrated solutions, business process outsourcing, infrastructure technology, and application services.
Mphasis serves 6 top global banks, eleven out of fifteen top mortgage lenders, and three top global insurance companies. Mphasis has 22,239 employees across 15 countries. It is among the leading software companies in India. It is the seventh largest in the list of top 10 IT companies in India in 2023.
- CEO:- Nitin Rakesh
- Headquarters:- Bengaluru, Karnataka, India
- Revenue:- Rs 9,855 Cr.
- Market Cap:- Rs 22,000 Cr.
- Employees:- 22,239
- ROE:- 19.96%
- Sales Growth-Revenue (3Yrs):- 12.6%
- Sales Growth-NetProfit (3Yrs):- 14.4%
- Promoter holding:- 56.16%
In June 2006, Electronic Data Systems (EDS) bought a controlling stake (42%)in Mphasis. On 13th May 2008, Hewlett-Packard confirmed the acquisition of Electronic Data Systems (EDS).
Mphasis served as an independent subsidiary with its board and continued to be listed on Indian markets as “Mphasis Limited.” In April 2016, Blackstone acquired 84 percent of Hewlett-Packard’s stake in Mphasis.
9. Mindtree Ltd
mindtree
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| mindtree |
Mindtree is one of the new-age Indian IT companies that started working on Digital Transformation projects earlier than some of India’s biggest IT companies.
L&T Group acquired Mindtree however works as a separate entity as compared to an expectation of merging it with Larson and Toubro Infotech (Another IT subsidiary of L&T group).
The company is a global technology consulting and services company and provides outstanding services for e-commerce, mobile applications, cloud computing, digital transformation, data analytics, and enterprise application integration.
- CEO:- Debashis Chatterjee
- Headquarters:- Bengaluru, Karnataka, India
- Revenue:- Rs 8,119 Cr.
- Market Cap:- Rs 12,331 Cr.
- Employees:- 28,518
- ROE:- 24.94%
- Sales Growth-Revenue (3Yrs):- 14.54%
- Sales Growth-NetProfit (3Yrs):- 14.7%
- Promoter holding:- 73.76%
LTI is operating in over 15 countries across the globe with 21,000 Employees. It is among the list of top software companies in India.
10. Hexaware Technologies Ltd
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| Hexaware Technologies Ltd |
Founded as Information Technology, BPO (business process outsourcing) service company in 1990, today Hexaware Technologies Limited is a global leader and the fastest growing next-generation IT, BPO (business process outsourcing), and consulting services provider. It is one of the best Top 10 Indian IT companies in India.
Hexaware provides various services, including Application Transformation and Management Services, Business Intelligence and Analytics, Digital Assurance, Enterprise Solutions, Business Process Services, and Infrastructure Management Services. It is one of the best IT company in India.
- Revenue:- Rs 5,306 Cr
- Market Cap:- 10,165 Cr.
- Employees:- 18,294
- ROE:- 26.53 %
- Sales Growth (3Yrs):- 14.17 %
- Promoter holding:- 62.45 %
The company evolved at the intersection of advanced technologies – AUTOMATE EVERYTHING TM, CLOUDIFY EVERYTHING TM, TRANSFORM CUSTOMER EXPERIENCES TM, that help fast-tracking enterprises into the digital era.
11. Coforge
Coforge is an Indian IT solution software and services company operating in many countries.
Founded in 1981 by Rajendra S. Pawar and Vijay K. Thadani, graduates from IIT(Indian Institutes of Technology) Delhi NIIT(Institute of Finance, Banking & Insurance Training Ltd.) Technology; In 2020, NIIT (Institute of Finance, Banking & Insurance Training Ltd.) Technology was re-branded as Coverage.
Unlike other Top IT companies, NIIT Institute of Finance, Banking & Insurance Training Ltd.) focused on learning management and training delivery solutions to corporations, institutions, and individuals.
NIIT(Institute of Finance, Banking & Insurance Training Ltd.) formulated a franchising model in IT education for the first time, setting up nine centers by 1987. It is the 10th largest in the list of top 10 IT companies in India in 2023.
- CEO:- Sapnesh Lalla
- Market Cap:- INR 9,067.34 Cr
- Revenue:- INR 558.10 Cr
- Number of employees:- ~10,000
- Headquarters:- Gurugram, India
Conclusion
In conclusion, the top 10 IT companies in India are leading the way in the technology industry, with their innovative products and services, strong focus on quality and customer satisfaction, and commitment to continuous improvement.
These companies have played a significant role in driving the growth and success of the Indian IT industry, and are poised to continue their success in the years ahead. Whether you are a developer, a business owner, or simply someone who is interested in technology, these companies are definitely worth paying attention to.
As the Indian IT industry continues to grow and evolve, it will be interesting to see how these top 10 companies adapt and innovate to meet the changing needs of their clients and stay ahead of the curve in the highly competitive and rapidly-evolving technology industry.
FAQ's
Which IT company is best in 2023?
Top 10 best IT companies in 2023
- TCS
- Infosys
- Wipro
- HCL Technologies
- Mindtree Limited
- Tech Mahindra Ltd
- Mphasis Ltd
- Larsen & Toubro Infotech Ltd.
- Hexaware Technologies Ltd
- Coforge
Which is the best IT company in India ?
It is difficult to determine which is the "best" IT company in India, as different companies excel in different areas and have different strengths and weaknesses. Some of the top IT companies in India include Tata Consultancy Services (TCS), Infosys, Redington India Limited, Wipro, and HCL Technologies, all of which are known for their innovative products and services, strong focus on quality, and commitment to customer satisfaction.
Ultimately, the best IT company for a particular individual or organization will depend on their specific needs and priorities. Some factors that you may want to consider when evaluating IT companies include their areas of expertise, the quality and reliability of their products and services, their customer service and support, and their financial stability and growth potential.
Who is the No 1 IT company in India?
It is difficult to determine the No. 1 IT company in India, as different companies excel in different areas and have different strengths and weaknesses. In terms of revenue, Tata Consultancy Services (TCS) is currently the largest IT company in India, followed by Infosys and Wipro. However, it is important to note that there are many other factors that contribute to a company's success, and ranking companies based on a single metric such as revenue may not provide a complete picture of their overall performance or success.
Ultimately, the "best" IT company in India will depend on an individual's or organization's specific needs and priorities. Some factors that you may want to consider when evaluating IT companies include their areas of expertise, the quality and reliability of their products and services, their customer service and support, and their financial stability and growth potential.
Which IT company is best for the future in India?
It is difficult to predict which IT company will be the best for the future in India, as the technology industry is constantly evolving and it is challenging to predict which companies will be most successful in the long term. However, some factors that may contribute to a company's future success include its ability to adapt to and anticipate changes in the market, its innovation and technology leadership, its financial stability and growth potential, and its commitment to quality and customer satisfaction.
Some IT companies in India that are well-positioned for the future include Tata Consultancy Services (TCS), Infosys, Redington India Limited, Wipro, and HCL Technologies, all of which are known for their strong track record of innovation and adaptability, and their focus on quality and customer satisfaction. Ultimately, the best IT company for the future will depend on the specific needs and priorities of an individual or organization.
Highest Paying IT companies in India 2023
Some of the highest paying IT companies in India include:
- Tata Consultancy Services (TCS)
- Infosys
- Redington India Limited
- Wipro
- HCL Technologies
