best it companies in India

Top 10 IT Companies in India for 2024

The IT industry in India has witnessed remarkable growth in recent years. It has contributed significantly to establishing the country as a global technology hub. With a strong pool of talented professionals and a conducive business environment, India has become home to numerous IT companies that have significantly contributed to the industry including software development, cloud computing, cybersecurity, artificial intelligence, and more.

In this article, we have listed India’s top 10 IT companies based on their market capitalisations derived from respective stocks trading on the NSE as of December 20, 2023.

Find below a look at the top IT companies in India:

Company Founded Headquarters Market Cap in Lakh Crores(Approx.)
Tata Consultancy Services (TCS) 1968 Mumbai, Maharashtra 13.83
Infosys 1981 Bangalore, Karnataka 6.30
HCL Technologies 1976 Noida, Uttar Pradesh 3.90
Wipro 1945 Bangalore, Karnataka 2.25
LTIMintree 1997 Mumbai, Maharashtra 1.78
Tech Mahindra 1986 Pune, Maharashtra 1.21
Persistent Systems 1990 Pune, Maharashtra 0.53
Mphasis 2000 Bangalore, Karnataka 0.49
KPIT Technologies 1990 Pune, Maharashtra 0.40
Coforge Limited 2000 Noida, Uttar Pradesh 0.37

List of 10 IT Companies in India

1. Tata Consultancy Services (TCS)

TCS is a global leader in IT services, consulting, and business solutions. It is the largest IT services and consulting company in India It has a diverse range of services, including application development, cloud computing, and cybersecurity. TCS is one of the largest Indian companies by market capitalization and consistently ranks among the top IT services companies worldwide.

  • Founded: 1968
  • Headquarters: Mumbai, Maharashtra
  • Market Cap (Approx.): Rs. 13.83 Lakh Crores

2. Infosys

Infosys is a multinational corporation that provides IT consulting and services. It is known for its emphasis on innovation and has been a key player in India’s IT revolution. Infosys is one of the first Indian companies to be listed on NASDAQ and has a global presence with offices in numerous countries.

  • Founded: 1981
  • Headquarters: Bangalore, Karnataka
  • Market Cap (Approx.): Rs. 6.3 Lakh Crores

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3. HCL Technologies

HCL Technologies is an Indian multinational IT services and consulting company. It specializes in IT and business process outsourcing, application development, and engineering services. HCL has a strong focus on research and development and has received recognition for its innovation in technology solutions.

  • Founded: 1976
  • Headquarters: Noida, Uttar Pradesh
  • Market Cap (Approx.): Rs. 3.90 Lakh Crores

4. Wipro

Wipro is a global IT services company with a focus on consulting, information technology, and business process services. It serves clients across various industries, including healthcare, banking, and telecommunications. Wipro has been recognized for its commitment to sustainability and social responsibility and is a part of various global sustainability indices.

  • Founded: 1945
  • Headquarters: Bangalore, Karnataka
  • Market Cap (Approx.): Rs. 2.25 Lakh Crores

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5. LTIMindtree Ltd

LTIMindtree is a global technology consulting and digital solutions company. It provides IT services, engineering, and cybersecurity solutions to clients across industries. The company has been recognized for its digital transformation, application development, and data analytics expertise.

  • Founded: 1997
  • Headquarters: Mumbai, Maharashtra
  • Market Cap (Approx.): Rs. 1.78 Lakh Crores

6. Tech Mahindra

Tech Mahindra is a multinational technology company offering IT and business process outsourcing services. It has a significant presence in telecommunications and provides solutions for digital transformation. Tech Mahindra has received accolades for its commitment to sustainability and corporate social responsibility.

  • Founded: 1986
  • Headquarters: Pune, Maharashtra
  • Market Cap (Approx.): Rs. 1.21 Lakh Crores

7. Persistent Systems

Persistent Systems is a technology services company that specializes in software product development, digital transformation, and IT consulting. It caters to clients in various industries, including healthcare, financial services, and technology.

  • Founded: 1990
  • Headquarters: Pune, Maharashtra
  • Market Cap (Approx.): Rs.0.53 Lakh Crores

8. Mphasis

Mphasis is an IT services company specializing in cloud and cognitive services, digital transformation, and application services. It serves clients in banking, financial services, and insurance. Mphasis has been recognized for its innovation in digital solutions and its commitment to diversity and inclusion.

  • Founded: 2000
  • Headquarters: Bangalore, Karnataka
  • Market Cap (Approx.): Rs.0.49 Lakh Crores

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9. KPIT Tech

KPIT Technologies is a global technology company that specializes in providing IT consulting and product engineering solutions. It focuses on industries such as automotive, manufacturing, and energy. The company offers services related to digital transformation, product development, and IT integration.

  • Founded: 1990
  • Headquarters: Pune, Maharashtra
  • Market Cap (Approx.): Rs.0.40 Lakh Crores

10. Coforge Limited

Formerly known as NIIT Technologies, Coforge Limited is an IT services and consulting company offering services in application development, infrastructure management, and business process outsourcing. It serves clients in the banking, financial services, and insurance (BFSI) sectors, among others.

  • Founded: 2000
  • Headquarters: Noida, Uttar Pradesh
  • Market Cap (Approx.): Rs.0.37 Lakh Crores

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FAQs

Are these rankings subject to change?

Yes, the rankings of IT companies can vary over time due to factors such as market dynamics, emerging trends, and new entrants. The industry is highly competitive, and companies need to innovate and adapt to maintain their positions continually.

Are all the companies on the list Indian-based?

While the majority of the companies on the list are headquartered in India, there are a few multinational corporations with a significant presence in the country. These companies have made substantial investments in India and contribute to the growth and development of the IT industry.

Do these companies only cater to domestic clients?

No, many of the top IT companies in India serve clients globally. Their services and solutions are sought after by businesses and organizations worldwide, showcasing the industry’s capabilities and India’s prowess in the global IT landscape.

Can smaller businesses benefit from these companies?

Absolutely! The top IT companies in India cater to a wide range of clients, including small and medium-sized enterprises (SMEs). They offer scalable solutions and services that can be tailored to meet the specific needs and budgets of smaller businesses, enabling them to leverage technology for growth and efficiency.

How do these companies contribute to India’s economy?

The IT industry, fueled by the top IT companies in India, plays a vital role in the country’s economy. These companies generate significant employment opportunities, contribute to GDP growth, and drive innovation. Additionally, their export of IT services brings foreign exchange earnings and strengthens India’s position in the global market.