List of Top 10 IT Companies in India 2023 by Revenue and Market Capitalization [Updated]

Top 10 IT Companies in India 2023 [Updated]

Are you Looking for the Top 10 Best IT companies in India? Here in this article, we discuss the 10 best Indian IT companies that based on total revenue and Market capitalization.

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.

India has the Home of many largest IT companies like TCS, Infosys, Wipro and more, and here Software and IT companies play the most valuable character in the growth of countries' economies.

Big technology companies like Google, Microsoft, Wipro, TCS,  and Infosys have many strong bases in India owing to their success in the sector of information technology. 

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 2.87 lakh jobs, taking the overall workforce strength to 5.84 million, said the Indian IT lobby group NASSCOM.

top 10 it company in india
top 10 it company in India

Top Indian IT companies supply traditional IT services and reshape the world by moving along in technologies like cloud computing, Artificial Intelligence (AI), Machine Learning (ML), Robotics, IoT, augmented and virtual reality (VR), analytics and Cybersecurity.

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 service. – Largest IT Company in India

TCS (Tata Consultancy Service) was founded in 1968 to provide punch card services to Tata Steel but Today Tata Consultancy Service is the Largest IT Company in India by Revenue and Total Market capitalization.

TCS provides services like IT services, Business and Consulting services and Digital transformations to the world’s largest businesses.

There are more than 616,171 employees working for TCS, and based on Its revenue and total market capitalization it is one of the largest IT companies in India. In 2022 company was listed as the world's second most valuable IT company which is the reason we placed it on top of our list.

CEO:- Rajesh Gopinathan
Headquarters:- Mumbai, Maharashtra, India
ROE:- 44.72 %
Revenue:- Rs 195,772 Cr.
Market Cap:- Rs 1,243,792 Cr.
Employees:- 616,171
Sales Growth-Revenue (3Yrs):- 9.9%
Sales Growth-NetProfit (3Yrs):- 7.1%
Promoter holding:- 72.05%

On eight October 2020, TCS surpassed Accenture and became the world’s most valuable IT Company with a $152.73 billion market cap

TCS has over 200 offices across 46 countries and 147 delivery centers in 22 countries. TCS is one of the largest private-sector employers in India and has 616,171 employees.

2. Infosys

Infosys

Started in 1981 by 7 engineers with a total budget of US$ 260, Infosys is one of the global leading consulting and IT services companies with a revenue of US$16 billion (FY22 revenues). Infosys is the 2nd-largest and fast-growing IT Company by its revenue and total market capitalization.

Infosys is the 1st NASDAQ (National Association of Securities Dealers Automated Quotations) listed Indian IT Company India. Nowadays Infosys is a BSE (Bombay Stock Exchange) and NYSE (New York Stock Exchange) listed company with 3,35,787 employees.

Infosys is in the news for the last year due to multiple Billion dollar deals. Recently Infosys Pfizer deal was also in the news however it is not yet officially confirmed and based on the company's total market cap is $86.06 Billion and it is the second-best Indian IT company. 

CEO:- Salil Parekh
Headquarters:- Bengaluru, Karnataka, India
Revenue:- Rs 123,936 Cr.
Market Cap:- Rs 537,800 Cr.
Employees:- 3,35,787
ROE:- 24.97%
Sales Growth-Revenue (3Yrs):- 9.4%
Sales Growth-NetProfit (3Yrs):- 5.0%
Promoter holding:- 12.95%

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. Wipro Limited

wipro

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 81,373.60 Cr.
Market Cap:- Rs 288,812 Cr.
Employees:- 231,878
ROE:- 24.04%
Sales Growth-Revenue (3Yrs):- 3.2%
Sales Growth-NetProfit (3Yrs):- 4.6%
Promoter holding:- 74.02%

It is one of the Indian IT companies recognized globally for its strong commitment to sustainability and good corporate citizenship.

4. HCL Technologies

HCL technology
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 the fourth-largest IT company in India in 2023.

CEO:- C Vijayakumar 
Headquarters:- Noida, Uttar Pradesh, India
Revenue:- Rs 71,265 Cr.
Market Cap:- Rs 257,933 Cr.
Employees:- 150,000
ROE:- 24.04%
Sales Growth-Revenue (3Yrs):- 13.6%
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.

5. Mindtree Ltd

top it companies in India Mindtree
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 10,512.90 Cr.
Market Cap:- Rs 30,331 Cr.
Employees:- 38,518
ROE:- 19.98%
Sales Growth-Revenue (3Yrs):- 14.0%
Sales Growth-NetProfit (3Yrs):- 14.7%
Promoter holding:- 67.59%

LTI is operating in over 15 countries across the globe with 38,518 Employees. It is among the list of top software companies in India.

6. Tech Mahindra Ltd

Tech Mahindra
Tech Mahindra

Tech Mahindra Limited is a Mahindra Group subsidiary, providing IT services and Business Process OutsourcingOther 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 the sixth largest in the list of top 10 IT companies in India in 2022.

CEO:- C.P. Gurnani
Headquarters:- Pune, Maharashtra, India
Revenue:- Rs 38 640.10 Cr.
Market Cap:- Rs 1,00,609 Cr.
Employees:- 141,236
ROE:- 20.35%
Sales Growth-Revenue (3Yrs):- 8.4%
Sales Growth-NetProfit (3Yrs):12.8%
Promoter holding:- 35.82%

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. Mphasis Ltd

Mphasis
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 2022.

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 2022.

CEO:- Nitin Rakesh 
Headquarters:- Bengaluru, Karnataka, India
Revenue:- Rs 7,907 Cr.
Market Cap:- Rs 28,568 Cr.
Employees:- 22,239
ROE:- 32.77%
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.

8. Larsen & Toubro Infotech Ltd.

Larsen & Toubro Infotech Ltd.
Larsen & Toubro Infotech Ltd.

Larsen & Toubro Infotech Ltd, also known as LTI, is a global IT solutions and services company based in Mumbai, 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 8th-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 top 10 IT companies in India in 2022

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 11,207 Cr.
Market Cap:- Rs 182,132 Cr.
Employees:- 31,437
ROE:- 12.80%
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. 

9. Hexaware Technologies Ltd

Hexaware Technologies Ltd
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.

Hexaware is headquartered in Navi Mumbai, Maharashtra, India, and has 33 global offices and over 18,294+ employees. It is the ninth largest in the list of top 10 IT companies in India in 2022.

Hexaware Technologies voluntarily delisted from the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange of India Ltd) as of November 2020.

CEO:- R Srikrishna
Headquarters:- Navi Mumbai, Maharashtra, India
Revenue:- Rs 5,306 Cr.
Market Cap:- Not Applicable as the company delisted from BSE and NSE.
Employees:- 18,294

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.

10. Coforge ( Formerly NIIT(Institute of Finance, Banking & Insurance Training Ltd.) ) :

Coforge ( Formerly NIIT(Institute of Finance, Banking & Insurance Training Ltd.) )


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 as 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 2022.

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 the above, we listed the top 10 Best IT companies in India in 2022 by total revenue and market cap which helps you to choose the best IT companies to work for in 2022. In my opinion, TCs has more job security than other IT companies in India.

Which IT company is best in 2022?

Top 10 best IT companies in 2022

  1. TCS
  2. Infosys
  3. Wipro
  4. HCL Technologies
  5. Mindtree Limited
  6. Tech Mahindra Ltd
  7. Mphasis Ltd
  8. Larsen & Toubro Infotech Ltd.
  9. Hexaware Technologies Ltd
  10. Coforge

Which is the best IT company in India in 2022?

here is the complete list of the 10 best IT companies in India in 2022

  1. TCS
  2. Infosys
  3. Wipro
  4. HCL Technologies
  5. Mindtree Limited
  6. Tech Mahindra Ltd
  7. Mphasis Ltd
  8. Larsen & Toubro Infotech Ltd.
  9. Hexaware Technologies Ltd
  10. Coforge

Who is the No 1 IT company in India?

Top 10 best IT companies in India 2022

  1. TCS
  2. Infosys
  3. Wipro
  4. HCL Technologies
  5. Mindtree Limited
  6. Tech Mahindra Ltd
  7. Mphasis Ltd
  8. Larsen & Toubro Infotech Ltd.
  9. Hexaware Technologies Ltd
  10. Coforge

Which IT company is best for the future in India?

Top 10 IT & Software Development Companies In India 2022

  1. Tata Consultancy Services.
  2. WillowTree Apps.
  3. Mindtree.
  4. Tech Mahindra Ltd.
  5. Accenture.
  6. Fueled.
  7. Capgemini India Pvt ltd.
  8. HData Systems.

Highest Paying IT companies in India 2022

Here is the complete list of Top 10 Highest Paying IT companies in India in 2022

  1. TCS
  2. Infosys
  3. Wipro
  4. HCL technologies
  5. Mindtree Limited
  6. Tech Mahindra Ltd
  7. Mphasis Ltd
  8. Larsen & Toubro Infotech Ltd.
  9. Hexaware Technologies Ltd
  10. Coforge

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