We have listed the top 20 software development companies in India 2021 based on their market cap.
India is among the leading nations in the world when it comes to Information Technology (IT) and IT-enabled services (ITES) organizations. There are 02 major parts of this industry, they are – IT services and Business Process Outsourcing (BPO).
Some Facts and Figures
The industry earned revenues of more than $180 billion in FY2020, with almost 80% of it coming from exports. Most of the exports are to the US. More than 8 million people are employed in this industry in India. With economic activity on the rise again globally, the Indian IT sector is foreseeing major growth in the days to come. New areas like Artificial Intelligence and Machine Learning are set to contribute close to $1 trillion to the Indian economy in the next 15 years.
The Indian IT majors have established delivery centers all over the globe, serving multiple industry verticals like financial services, telecom, retail, etc. India also has a cost advantage over many other nations, as a competent workforce is available here at a much cheaper cost. The Ministry of Electronics and Information Technology has taken several steps to encourage more investment in this domain and setting up of more companies.
Below infographic listed the India’s Top 20 IT Companies:
From 2019 till 2020, the industry has seen a cumulative FDI inflow of USD $39.47 billion (source). Some of the IT companies in India are global leaders in their domain, with offices in multiple countries, generating revenues to the tune of billions of dollars. Besides them, there are a huge number of mid and small-level firms operating here as well.
Top 20 Popular IT Companies in India 2021
Here is the list of India’s top Giant IT companies who are dominating in the world:
Tata Consultancy Services (TCS)
Among all the TCS is one of the biggest IT Companies in India. Part of the global behemoth, the Tata Group, TCS is a dominant player in the world in the domains of IT services, business solutions, and digital transformation of businesses. With a presence in almost 50 countries, TCS employs more than 460,000 highly qualified and focused people. With the famed Tata Group heritage of ethics, optimum service, and customer responsiveness to guide it, TCS provides a range of services like consulting, cloud computing, Internet of Things, blockchain, automation, cybersecurity, and much more.
- Total Employees: 4,60,000
With four decades of experience behind it, Infosys is one of the largest companies of its kind in the world. It has operations in more than 40 countries where thousands of customers are benefitted from Infosys’ expertise and top-class service standards. The AI-powered service solutions offered by the company helps to reach its clients to reach new heights of success on a continuous basis. More than 95% of Infosys’ customers are repeat customers – vindicating the latter’s trust in the company’s services like digital workplace solutions, IoT, blockchain, cloud computing, digital supply chain, and cybersecurity, among others.
- Total Employees: 2,42,300
Helmed by the legendary industrialist Azim Premji, Wipro stands tall among the IT service providers of the world. It becomes a partner in its clients’ growth by enabling them to become citizens of the digital world. They have clients across 6 continents, Wipro believes in long-term customer service and stringent adherence to commitments. Respect, responsibility, and integrity are the buzzwords in Wipro. Wipro provides services related to cloud computing, data analytics, and AI, big data, blockchain, and consulting.
- Total Employees: 1,75,000
The next-gen global technology giant HCL Tech helps businesses to reengineer digitally which allows them to become responsive to the needs of the new-age customers. Serving the needs of a large number of premium Fortune 500 organizations, HCL Tech has a robust presence across 50 nations, powered by almost 160,000 employees. HCL Tech provides Digital Business Services, Digital Workplace Solutions, Cybersecurity services, and a wide range of engineering and R&D services.
- Total Employees: 1,60,000
Among the leading technology-enablers globally, Tech Mahindra is a fast growing IT company in India that provide supreme-level digital experiences for its customers. Almost 1,000 clients (including Fortune 500 ones) around the world trust the $5.2 billion-worth Tech Mahindra to take care of their next-gen digital requirements that include solutions for infrastructure and cloud services, data analytics, business process services, enterprise business solutions, cybersecurity, and much more.
L&T Infotech (LTI)
Established in 1997, L&T Infotech is a group company of the renowned Larsen & Toubro Group. With its operations spread across more than 30+ countries, L&T Infotech provides technology consultancy & digital solutions to its customers that is spread across different industries.
They offer a wide range of IT services like:
- Cloud computing,
- Application management, etc.
Considering the clients’ needs as its own, LTI delivers value to its customers by enabling them to raise productivity by several notches with the help of digital reengineering of its processes.
Mindtree is another giant IT company that is also listed in Indian stock market. Mindtree provides end-to-end technology services by creating digital solutions that are customized for specific customer requirements. Banking on the immense expertise of its staff, Mindree delivers solutions like data & intelligence consulting services, digital security, quality engineering, data modernization, cloud services, and more.
Applying cutting-edge technology to help businesses transform drastically, Mphasis is another new-age technology major creating waves in various industries. Mphasis provides next-level digital business solutions to its clients. Serving a range of industries, Mphasis’ main services include application, business process services, cybersecurity, blockchain, product engineering, and enterprise automation.
Oracle Financial Services Software Limited (OFSS) is a group organization of the global major Oracle Corporation. It provides top-class technology solutions for the banking and financial services industry to almost 900 customers across 140+ countries. Apart from this, the company is also into compliance & risk management systems, business process management, and human resource tools.
Catering is another mid-size IT company that is offering their services to insurance, travel, and financial services industries. Empowered by its 11,000 able engineers, Coforge assists businesses to overcome digital challenges and emerge victoriously. Aligning industry expertise with continuous innovation, Coforge provides services related to digital process automation, application services, AI, business process services, and cloud services.
What began as a humble startup in 1990 is an entity today that spreads across 17 countries. True to its name, Persistent has remained steadfast in its goal of becoming the chosen IT services consultant for its clients. Based on the values of ingenuity, confidence, responsibility, and of course, persistence, the company provides services on the lines of digital business strategy, digital product engineering, data-driven business intelligence, IT modernization, etc.
Cyient is another Indian IT company that is listed in Stock Market and work in 14 countries.
They have 300+ clients out of which nearly 25 Fortune 500 companies. It serves a wide range of industries, from aerospace to communications and oil & gas to rail transportation. Driven by fairness, integrity, and a commitment to clients’ success, Cyient is proficient in the areas of analytics & IoT, predictive maintenance, smart city, engineering application software development, and more.
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Birlasoft is a part of the historic 159-year old CK Birla Group that has always been committed to providing sustainable & long-term solutions to customers in every area of its operation. Birlasoft harnesses the power of technology and blends it with the domain expertise to create digital transformations for clients’ businesses. Some of its key services include data analytics, cloud, blockchain, supply chain management, and IT transformation.
The much-awarded Zensar is part of the Rs 25,000-crore RPG Enterprises that has diversified business interests. They have an excellent in-house team. Zensar has its goals set on being the chosen industry-focused digital solutions provider Its services include enterprise application, application transformation, analytics strategy & consulting, data management, and advanced analytics, among others.
The new-age global technology company KPIT Technologies has created a niche for itself in its domain, with development centers spread across several countries that provide cutting-edge solutions to primarily automotive industries.
The embedded software company partners with global automotive leaders and provides solutions like:
- Autonomous driving,
- Vehicle diagnostics,
- Conventional and electrical powertrain
Bringing the rhythm of coordinated music and its sweetness too, to the domain of technology – that’s Sonata Software for you. Inspired always to create lifetime and sustainable value for its clients, Sonata Software has been consistently scripting success stories glomore than bally – with a unified team delivering values for industries like:
- Tours and Travel
Its main services are Platformation, data and analytics, cloud computing, customer engagement and commerce, and digital assurance & managed services.
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Intellect Design is a digital enabler that creates technology solutions for the financial industry. Aligning the growth objective of the financial sector with future-ready technology solutions, Intellect Design is among the most popular service providers in its category. More than 12,000+ of its customers conduct 10 million transactions daily. Its software has reduced operating risks and underwriting time drastically. Its solutions are based on platforms like iTurmeric & Contextual Banking Experience (CBX).
For close to 3 decades, R Systems has been at the forefront of creating top-edge design solutions for clients across industries. From a small start, the company today has a presence in more than 25 offices around the world with a staff strength of 2,700+. 16 global delivery centers facilitate quick and effective services to over 1,000 clients. R Systems provides world-class service in the realms of cloud enablement, Internet of Things, product engineering, AI/Machine Learning, modern data management, among others.
Sasken started its journey in 1989. In the last 3 decades, it has made steady progress as a premier digital services transformation enabler to corporates in the areas of semiconductors, automotive, consumer electronics, telecom, and transportation, among others. More than 100 Fortune 500 companies have benefitted from Sasken’s immense domain expertise and world-class client servicing. Almost 1,700 highly enabled employees tirelessly provide the best quality digital experience to their clients in the form of mobility, data analytics, Internet of Things, digital testing, blockchain, and much more.
In its quest to become a world-class provider of business-transforming data intelligence services, Datamatics has created quite a stir among its ever-growing customer base. Datamatics caters to industries like BFSI, healthcare, edutech, logistics, retail, hospitality, and much more. More than 200 dedicated customers avail of its services, contributing to the company’s $170 million yearly revenues. The company is present in 6 countries with global delivery centers in 4 regions. Some of Datamatics’ services are robot process automation, business intelligence & data visualization, end-to-end automated workflow management, automated fare collection, etc.
List of Top 20 IT Companies in India
|Sl. No.||Company Name||Establishment||Head office||Website|
|1||Tata Consultancy Services (TCS)||1968||Mumbai||https://www.tcs.com/|
|6||L&T Infotech (LTI)||1996||Mumbai||https://www.lntinfotech.com/|
|18||R Systems||1993||El Dorado County, California, United States||https://www.rsystems.com/|