Best Top 10 IT Companies in India 2021

Here is the list of Top IT companies in India [Indian IT companies] based on Total Revenue and Market capitalization. Software and IT companies from this list are the backbones of the IT Industry in India.

India is one of the biggest IT offshoring hubs, and Top IT companies play a significant role in developing the countries’ economies. According to the NASSCOM Report, IT sector revenue to grow 7.7% in FY20 to $191 billion. IT sector added 2 lakh jobs in FY20, taking overall workforce strength to 4.36 million, said the Indian IT lobby group NASSCOM. 

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Top Indian Software and IT companies provide traditional IT services and reshape the world by advancing in technologies like cloud computing, Big data, analytics, Cybersecurity, artificial intelligence (AI), machine learning, robotics, IoT, augmented and virtual reality.

List of Top IT Companies in India 2021 by Revenue and Market Cap

Here is the list of Top 10 IT companies in India 2021. The list is rank based on Total Revenue and Market capitalization in recent years.

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1. Tata Consultancy service. – Largest IT Company in India.

TCS was founded in 1968 to provide the punched card services to Tata Steel. Today Tata Consultancy service(TCS) is the Largest IT Company in India by Revenue and Total Market Cap for an IT company.

TCS provides IT services, Business and consulting, and Digital transformations to the world’s largest businesses and serves IT services and IT consulting Industry.

TCS is the second-largest company in India in terms of Market Capitalization. It is the largest in the list of top 10 IT companies in India 2021.

  • CEO: Rajesh Gopinathan
  • Headquarters: Mumbai, Maharashtra, India
  • Revenue: Rs 161,541 Cr.
  • Market Cap: Rs 1,098,792 Cr.
  • Employees: 448,464
  • ROE: 44.72 %
  • Sales Growth-Revenue (3Yrs): 9.8%
  • Sales Growth-NetProfit (3Yrs): 7.1%
  • Promoter holding: 72.05%

On 8 October 2020, TCS surpassed Accenture and became the world’s most valuable IT Company with a $144.73 billion market cap. Tata Consultancy Services(TCS) has over 200 offices across 46 countries and 147 delivery centres in 21 countries. TCS is one of the largest private-sector employers in India and has 448,464 employees.

2. Infosys

Established in 1981 by seven engineers with a capital of US$ 250, Infosys is a global consulting and IT services company with a revenue of US$13 billion(FY20 revenues). Infosys is the second-largest IT Company on the list of top 10 IT companies in India 2020.

Infosys is the first NASDAQ listed Indian IT Company. Today Infosys is a BSE and NYSE listed company with 242,371 employees. With a market capitalization of IN 536,899 Cr, It is considered one of India’s best Indian IT companies.

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.

  • CEO: Salil Parekh
  • Headquarters: Bengaluru, Karnataka, India
  • Revenue: Rs 93,594 Cr.
  • Market Cap: Rs 536,899 Cr.
  • Employees: 242,371
  • ROE: 24.97%
  • Sales Growth-Revenue (3Yrs): 9.4%
  • Sales Growth-NetProfit (3Yrs): 5.0%
  • Promoter holding: 12.95%

The company has a world-class training center in Mysore, Karnataka.

One of its known products is Finacle, a comprehensive banking solution with various retail and corporate banking modules.

Infosys provides software development and various product and 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

HCL Technologies is one of the best Indian IT companies in India. Six engineers, led by Shiv Nadar, started a company that would make personal computers, and on 11 August 1976, the company was started as Hindustan Computers Limited (HCL)

HCL is a leading global IT services and consulting company that helps global enterprises re-imagine and transform their businesses through Digital technology transformation.

HCL has over 150,000 employees and a total Market Cap of 257,933 Cr. HCL is the third-largest Indian top it companies.

  • 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 and Systems Integrations, BPO/Business Services, Engineering and R&D Services (ERS), Infrastructure Management Services (IMS), IoT WoRKS, DRYiCE, Digital & Analytics, Cybersecurity, and GRC Services. 

HCL operates across various sectors, including aerospace and defense, banking, energy, media and entertainment, healthcare, retail, telecom, hi-tech, insurance, life sciences, manufacturing, oil and gas, travel, and logistics.

HCL Technologies is on the Forbes 2000 Global list with a market capitalization of $21.5 billion. Last year in 2020, 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 a leading global information technology [Indian IT companies] consulting and business process services company. 

Wipro is one of India’s excellent Indian IT companies mentored by Azim Premji and on the list of the top-five IT companies in India. On 6 July 2020, Thierry Delaporte became the new CEO of Wipro.

Wipro harnesses the power of cognitive computing, automation, robotics, cloud, analytics, and emerging technologies and helping the clients to a digital-transformation.

Wipro has over 180,000 dedicated employees serving clients across six continents. 

  • CEO: Thierry Delaporte 
  • Headquarters: Bengaluru, Karnataka, India
  • Revenue: Rs 63,862.60 Cr.
  • Market Cap: Rs 221,812 Cr.
  • Employees: 180,000
  • ROE: 24.04%
  • Sales Growth-Revenue (3Yrs): 3.2%
  • Sales Growth-NetProfit (3Yrs): 4.6%
  • Promoter holding: 74.02%

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

5. Tech Mahindra Ltd

Tech Mahindra Limited is a Mahindra Group subsidiary, providing information technology (IT) services and business process outsourcing (BPO).

Other Top Indian IT Companies has clients from mainly the USA; however, Tech Mahindra’s primary client bases are in Europe/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 innovative and customer-centric information technology experiences, enabling enterprises worldwide.

  • CEO: C.P. Gurnani
  • Headquarters: Pune, Maharashtra, India
  • Revenue: Rs 38,060.10 Cr.
  • Market Cap: Rs 94,609 Cr.
  • Employees: 125,236
  • ROE: 20.35%
  • Sales Growth-Revenue (3Yrs): 8.4%
  • Sales Growth-NetProfit (3Yrs): 12.8%
  • Promoter holding: 35.82%

Tech Mahindra is a US$5.2 billion company with over 125,000 employees across 90 countries. The company was ranked #5 in India’s IT firms and overall #47 in Fortune India 500 list for 2019.

6. 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, Larsen & Toubro Infotech(LTI) is the sixth-largest Indian IT services company in terms of export revenues. 

  • 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, Digital Transformation.LTI Mosaic platform offers data engineering, advanced analytics, knowledge-led automation, IoT connectivity using exponential technology. 

The company has operations in 30 countries, accelerating digital transformation with the world’s best businesses.

7. Mphasis Ltd

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.

Mphasis provides information technology services, integrated solutions, business process outsourcing, infrastructure technology, and application services.

Mphasis serves six 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

  • 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 13 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 had acquired 84 percent of Hewlett-Packard’s stake in Mphasis.

8. Mindtree Ltd

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 7,839.90 Cr.
  • Market Cap: Rs 27,331 Cr.
  • Employees: 21,991
  • 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 21,000+ Employees. It is among the list of top software companies in India.

9. Hexaware Technologies Ltd

Founded as Information Technology, BPO service company in 1990, today Hexaware Technologies Limited is a global leader and the fastest growing next-generation IT, BPO, 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.

Hexaware Technologies voluntarily delisted from the BSE and the NSE as of November 2020.

  • CEO: R Srikrishna
  • Headquarters: Navi Mumbai, Maharashtra, India
  • Revenue: Rs 5,306 Cr.
  • Market Cap: Not Applicable as 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 helps in fast-tracking enterprises into the digital era.

10. Coforge ( Formerly NIIT) :

Coforge is an Indian IT software and services company operating in many countries. 

Founded in 1981 by Rajendra S. Pawar and Vijay K. Thadani, graduates from IIT Delhi as NIIT Technology; In 2020, NIIT Technology was re-branded as Coforge.

Unlike other Top IT companies, NIIT focused on learning management and training delivery solutions to corporations, institutions, and individuals.

NIIT formulated a franchising model in IT education for the first time, setting nine centers by 1987.

  • Market Cap: INR 9,067.34 Cr
  • Revenue: INR 558.10 Cr
  • CEO: Sapnesh Lalla
  • Number of employees: ~10,000
  • Headquarters: Gurugram, India

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