Information Technology sectors in India play a vital role in the contribution of India’s GDP and IT companies are expanding further day by day. The vibrant policy of the India government has encouraged investors from across the globe to invest in India, generating job opportunities more than 2.5 million. Now India is one of the biggest markets for software development. Several companies across the globe are outsourcing their projects to India. Presently, many cities in our country have become a hub for IT sectors. Major cities like Bangalore, Chennai, Hyderabad, Pune, and Gurgaon are providing a superb environment for the growth of the expansion of IT companies. Technological innovations like cloud computing, artificial intelligence, machine learning, robotics, augmented and virtual reality are reshaping every aspect of human life. Here are given the list of top 10 software companies based on revenue and the number of workforces.
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1. Tata Consultancy Service
Tata Consultancy Service or TCS was founded by JRD Ratan Tata in 1968 and headquartered in Mumbai. TCS is the largest IT Company in India in terms of the number of staff and revenue. The IT firm has been in this business for the last fifty years. TCS offers plenty of services like consulting, insurance, banking, health care, hospitality, travel, telecom, technology, and engineering services. They are the topmost software company in India with revenue Rs 152,497 Cr. The company has a market capitalization of Rs 845,337 Cr with sales growth of 10.47%. Tata group, India’s biggest multinational group, they have 420,000 expert and skilled consultants in 50 countries. TCS has a total of 446675 workforces out of which 36.2% are women. Now the software company is the most valuable IT service brand worldwide. The company has been ranked 64th in Forbes and 11th in Fortune India 500 lists.
2. Infosys
Infosys is the second largest software company in India headquartered in Bengaluru. The company was founded by N.R.Narayana Murthy in the year 1981. Initially, the company was established by 7 engineers in Pune with an initial capital of $250 in 1981 and the office was later relocated to Bangalore in 1983. Infosys is NYSE listed global consulting IT service firm with a market capitalization of approximately US$47.7 billion. It is the first IT company from India to be listed on NASDAQ. The company has been providing quality services like software testing, business application, management consulting, engineering service, business process outsourcing, and much more. They also provide application development, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services. The number of staff working in Infosys is 242371. The multinational company has market capitalization $46.52 billion and the credit rating of the company is A. A well-known product of Infosys is Finacle which provides universal banking solutions with various modules for retail and corporate banking.
3. Wipro
Wipro was founded in the year 1945 by Azim Premji even before India got Independence. Wipro headquartered in Bangalore operates through two segments: IT services and IT products. The company is a leading information technology firm and they harness the power of cognitive computing, robotics, clouds, analytics, and hyper-automation helping clients to adopt the digital world. The Indian company is recognized globally for its strong commitment to sustainability and outstanding corporate citizenship. The company provides amazing services such as data integration, human resource outsourcing, cloud management services, and much more. Apart from these, they also provide services in other fields such as automotive, banking, transportation, manufacturing, and retail. The number of workforce in Wipro is 175,000 as per 2020 and revenue is Rs 60137 Cr. The company market capitalization is Rs 153,043 Cr. Wipro owns several other countries under their group which are consumer care & lighting, Wipro infrastructure, and engineering, Wipro BPO, Wipro Infotech ltd, Wipro consumer care & lighting.
4. HCL Technologies
HCL Technologies is one of the leading IT service firms that helps global enterprises reconceptualize and transform business through digital technology transformation. The software company was established in 1976 by Shiv Nadar, headquartered in Noida. They are the fourth largest Indian company that focuses on providing an integrated portfolio of services through its mode 1-2-3 growth strategy. The company is a subsidiary of HCL enterprise and they have branches in 44 countries including the USA, France, Germany, and the UK. The software firm provides multi-service delivery in key industry verticals like financial services, media, publishing, manufacturing, telecommunication, entertainment, retail & CPG, oil & gas, life science & healthcare, energy & utilities, travel & transportation, logistics, and government. The revenue of HCL technologies is Rs 65,643 Cr, and market capital Rs 153, 370 Cr. The number of employees working in the leading software firm 1,50000. HCL technologies are registered on the Forbes global 2000 lists.
5. Tech Mahindra
Tech Mahindra is a foremost IT company established in the year 1986 and headquartered in Pune, India. The multi-national company provides a wide range of solutions like cloud, next-gen solutions, consulting, customer experience, ADMS Java & Open source, enterprise architecture, and enterprise of the future. Apart from these, they provide plenty of services like business application, software testing service, web content management, network services, insurance, retail, manufacturing, and banking. They are one of the best IT companies serving professionals across 90 countries. The total revenue of the company is Rs 35,119 Cr, and market capitalization of Rs 70,141 Cr. Tech Mahindra holds a workforce of 125, 236 as of 2020. The company has ranked 5th in India’s IT firm and 47 in Fortune India 500 list for 2019. In 2013, Tech Mahindra announced a merger with Sathyam Computer Services.
6. Oracle Financial Service Software
Oracle financial service software was founded in the year 1990, headquartered in Mumbai. The software company is a subsidiary of Oracle Corporation. They mainly focus on providing IT solutions to the banking sectors. The company offers a wide range of services like retail, corporate, investment banking, fund, cash management, trade, treasury, payment, private wealth management, asset management, and business analytics. The software company has a revenue of 45.27 billion with market capitalization INR 29538.11 Cr. The company is considered to be the home for more than 9000 people. The IT firm has been ranked 253 in Fortune India 500 list. The CEO of the company is Chaitanya M Kamat.
7. Larsen & Turbo Infotech
Larsen & Turbo Infotech was founded in 1997 headquartered in Mumbai. The software company was founded by two Danish engineers who were residing in India. The company business was into heavy engineering, construction, information technology, financial services, and realty manufacturing of capital goods. L&T offers a wide range of services including IT consulting, digital and automation solutions, and IT service management. The software company is a subsidiary of Larsen & Turbo and they have a presence across various countries across the globe. NASSCOM has ranked L&T as the 6th largest IT service company in terms of export revenues. The company has a presence in India, North America, Europe, Middle East, South America, Africa, and the Asia Pacific. The company has a revenue of INR 10,014 Cr and market capital is INR 29,302 Cr. The software company has 31419 employees.
8. Mphasis
Mphasis was founded in 2000 by Jerry Rao and Jeroen Tas, headquartered in Bangalore. The company offers a wide range of services in hospitality, insurance, healthcare, life sciences, and much more. The software company provides architecture guidance, application development and integration, application management services, outsourcing service, and infrastructure technology. Mphasis has been ranked 189 by Fortune India. The company has a revenue of INR 7973 Cr and market capital of INR 17738 Cr. Blackstone Private Equity have acquired Hewlett Packard Enterprise Stake in Mphasis. The number of employees in the software company is 22,239 and the present CEO is Balu Ganesh Ayer. The IT firm has delivery centers in 19 countries and they have a presence with operations in Bangalore, Chennai, Pune, Hyderabad, Mumbai, and Mangalore.
9. Mindtree
Mindtree is a global technology consulting company established in the year 1999 by Subroto Bagchi, Ashok Soota, Namakkal Parthasarthy, and Krishnakumar Natarajan. The multi-national firm is headquartered in Bengaluru, India, New Jersey, and the USA. Krishnakumar Natarajan and Subroto Bagchi are considered as the key IT professionals behind the company foundation. Krishnakumar Natarajan is the current CEO of the company. The software company provides services like data analytics, digital services, independent testing, enterprise application service, and EAI BPM. The software firm has a total of 21,991 employees out of which 32% were women.
10.Reddington India Ltd
Reddington India Ltd was founded in 1993 headquartered in Chennai and it is considered to be India’s one of the leading companies, serving more than 30 emerging markets. The company started distributing HP peripherals and they later added products to their portfolio growing to $2million sales in 1994 and they have 1800 employees. They are a solution provider for more than 220 International brands in IT and mobility spaces. The software company market revenue is INR 47996 Cr and market capital INR 4438 Cr. The IT company has been invested in new-age technologies like artificial intelligence, robotics, big data, and