Looking into the Top IT Companies in India in 2024

By Soutrik BanerjeeSaturday June 3, 2023

India is now a country that provides world-class software and tech services. The clients of our country are spread across the globe and have gained a significant amount of profits from the services of these Indian software companies.

With all these efforts, the IT companies in India have been contributing to the Indian economy for the last few years. When we look into some of the best industries that offer software services, the list can get diverse.

Loads of expertise can be put on the plate including consulting in the information technology space, software developme nt, digital revolution and with cybersecurity. To name some of the greatest IT companies in India; Tata Consultancy Services (TCS), Tech Mahindra, Wipro along HCL Technologies come to our mind.

But when we dive into a deeper understanding of other companies, the list can run out of paper. Yes! India is moving ahead and we are more than proud of what we have been achieving. We are trying to help you know about some of the largest software companies in India and provide insight into their growth curve.

Top IT Companies in India in 2024

Tata Consultancy Services (TCS)-

Tata Consultancy Services was founded back in 1968 and is currently an IT giant in the Indian industry. There are several areas of expertise offered by Tata Consultancy Services that including application development, consulting, infrastructure, several digital and engineering services, and many more.

The company approximately employs 600,000 individuals across 46 countries. In India, TCS is the second-largest company in terms of market capitalization and ranks eighth in terms of revenue. TCS always focuses on innovation and invests massively in research to stay aligned with the current demands of the market. The research labs by TCS, especially the TCS Research and Innovation Lab in Bengaluru study technologies like Artificial Intelligence, and robotics along with blockchain.

Infosys Limited-

Infosys Limited is an Indian IT company that offers consulting and several IT services. The company has its headquarters in Bengaluru, Karnataka. Infosys was founded back in 1981 by some engineers including N.R. Narayana Murthy.

Some of the services offered by Infosys are software development, outsourcing of business processes, infrastructure management and many others. The company heavily focuses on digital shift and also provides its expertise on cloud computing along with artificial intelligence and something unique like automation. The company has clients in several industries like healthcare, banking, manufacturing, finance, etc.

Wipro Limited-

Wipro is a multinational Indian IT company that offers several IT services along with business processes. The company has its headquarters in Bengaluru, Karnataka, and was built in 1945 by M.H.Hasham Premji. At that time the name of the company was Western India Vegetable Products Limited.

Wipro later branched into the IT niche in the 1990s. Some of the services offered by Wipro are research along with development services, infrastructure management, business consulting, and many more. As per reports, about 200,000 employees work for Wipro and are also located in countries outside India.

HCL Technologies-

HCL Technologies was founded in 1976 by Shiv Nadar and is currently one of the leading software companies in India. This IT consulting services company has its headquarters in Noida, Uttar Pradesh in India.

Some of the services offered by HCL Technologies include software management, infrastructure management, digital processing systems, research and development. The company has branches in about 52 countries and employs around 225,944 individuals.

HCL stands as one of the top 20 massive publicly traded brands in India. As reported in March of 2022, HCL Technologies has a market capitalization of about Rs. 279,209 crores. The clients of HCL Technologies belong to industries like banking, energy, manufacturing, and several others.

Tech Mahindra Group-

Tech Mahindra is a multinational IT company from India that has its headquarters in Pune with registered offices in Mumbai. As per reports, the valuation of Tech Mahindra is about US $6 billion which employs around 158,000 people. The company has offices in about 90 countries and was ranked as one of the top IT firms in India on the Fortune 500 list in 2019.

Reports indicate that in 2022, Tech Mahindra was working with about 1,262 clients. In 1986, Tech Mahindra collaborated with British Telecom. Initially, British Telecom had about 30% share in Tech Mahindra. But back in 2010, British Telecom sold about 5.5% stake of Tech Mahindra to Mahindra & Mahindra for about Rs. 451 crore.

Cognizant Technology Solutions-

Cognizant is an IT multinational company from America which is headquartered in Teaneck, New Jersey. Cognizant is a section of NASDAQ 100 and operated as an in-house tech division of Dun & Bradstreet in 1994. The company started working for several clients in 1996.

After several restructuring, Cognizant went for an initial public offering in 1998. The company grew at a rapid pace in the 2000s and became a Fortune 500 company in 2011. Reports indicate that in 2021, Cognizant ranked 185 in the list.

Some of the strategies offered by Cognizant are digital strategy, application development, services in research and development, engineering, and many others. Cognizant Technology operates in more than 40 countries and employs around 300,000 individuals.

Accenture Solutions Pvt. Ltd. –

Accenture Solutions Pvt. Ltd. is a multinational information and technology company that has its headquarters in Dublin, Ireland. The company has massive operations in India and was founded in 1989. Accenture was then called Andersen Consulting. Now the company is one of the largest consulting firms in the world.

The services offered by Accenture are infrastructure management, business consulting, several software services, and many others. The company works in about 120 countries with clients in sectors like health, finance, banking, manufacturing, and many others. With a significant amount of operations in India, Accenture employs a total number of about 570,000 individuals.

Capgemini Technology India Pvt. Ltd. –

Capgemini Services Pvt. Ltd. is a company in Paris, France, that also has a significant foundation in India. The IT multinational giant was founded in 1967 and currently is one of the largest IT consulting firms in the world.

Capgemini has expertise in services like digital strategy, engineering, business consulting, and several others. The company operates in about 50 countries and has clients from industries like healthcare, manufacturing, banking, and many others. About 270,000 employees are working for Capgemini and a large part of it is present in India.

IBM India Pvt. Ltd. –

IBM India Pvt. Ltd. is a part of IBM Corporation that is headquartered in Armonk, New York in the US. Some of the services offered by IBM are cloud computing, cybersecurity, consulting, blockchain, and many others.

When it comes to innovation and development, IBM has heavily invested in new technologies. IBM or International Business Machines Corporation has worked in about 170 countries with clients in sectors like energy, manufacturing, banking, and many others. The company employs around 380,000 individuals worldwide.

Larsen and Toubro Infotech Ltd. –

Larsen & Toubro Infotech is a part of Larsen & Toubro, which is a renowned engineering along construction conglomerate present in India. Larsen & Toubro (LTI) offers several services like testing, analytics, application development, digital systems, and many others. The company has always empowered innovation and has devoted a lot of investments in technologies like blockchain, AI along cloud computing.

Larsen & Toubro works in about 30 countries with clients coming from diverse industries like retail, energy, finance, and many others. Reports indicate that the company employs around 35,000 individuals and was founded by two Danish engineers, who took refuge in India.

Mindtree Limited-

Mindtree Limited is an IT consulting firm in India that has its headquarters in Bengaluru. The company was formed back in 1999 by 10 IT experts. Since then Mindtree has emerged as one of the IT leaders in India. Mindtree focuses on client satisfaction and devotes heavily to their needs.

The company specializes in customized solutions for clients and addresses several business challenges. Mindtree’s clients belong to industries like banking, finance, manufacturing, and many others. In recent times, Mindtree has performed very well in the information technology space. They have won several awards like the Best Agile Transformation Awards, Best CSR Practice Awards, and many more.

Oracle Software Services Limited-

Oracle Software and Financial Services Limited is a part of Oracle Corporation. The company provides services in industries like banking and finance. They provide some pivotal expertise in digital banking, compliance risk management, and many others.

The company was formed back in 1990 and has expanded as one of the greatest companies in India that provides services in banking and finance. Oracle provides invaluable feedback to banks and several financial institutions for increasing software efficiency and reducing costs.

Clients can get more detailed support for improving risk management, and bolstering customer experience. The company has won many awards like the Asian Banker Awards, Best Risk Management Solutions Awards, and many others.

The age of technology is rising and we are looking at a vast shift across all industries. These companies offer some of the best services in the information technology space. With employees who are continuously upgrading their skills, the sector has always been thriving for decades. It is up to us to understand and embrace the change and stay toe to toe with the latest trends in the market.