Top 10 Best IT Companies in India 2022 (Updated List)

Given that the IT industry contributed 8% of India’s GDP in 2020 and has a projected income of $227 billion by 2022, it is clear that there is a high need for it in the country.

If you want to know the top 10 IT companies in India in 2022, then you have come to the right place.

I’ll provide you with a list of the top 10 software and IT companies in India ranked by their annual revenue in this blog article.

IT companies provide various kinds of services, such as:

  • Tech/IT Support
  • File Servers
  • Email
  • Computer Repair
  • Machine Learning
  • Artificial Intelligence
  • Cloud Services
  • Virtual Desktops
  • Data Security
  • Data Backups

IT companies are businesses that offer information technology-related services.

Nowadays, as technology advances, there are more and more renowned software and MNC firms.

The top 10 IT or Software businesses operating in India are listed below.

Top 10 IT Companies in India 2022

I’ve included the top 10 IT companies below based on how much income each company has produced.

Sr No.CompanyWebsite
1TCShttps://www.tcs.com/
2Infosyshttps://www.infosys.com/
3HCL Technologieshttps://www.hcltech.com/
4Wipro Limitedhttps://www.wipro.com/
5Tech Mahindrahttps://www.techmahindra.com/
6L&Thttps://www.larsentoubro.com/
7Mindtreehttps://www.mindtree.com/
8Mphasishttps://www.mphasis.com/home.html
9Hexaware Technologieshttps://hexaware.com/
10ITC Infotechhttps://www.itcinfotech.com/

1. TCS

TCS (Tata Consultancy Service) is India’s largest Information Technology Solution & Consultancy providing Multinational IT Company. TCS was founded in 1968 and is a member of the Tata Group.

CEORajesh Gopinathan (Feb 10, 2013–)
Revenue$23 Billion
Market Cap$134.6 Billion
Number of employees606,331
ROE45.50%
CAGR (10 Years)17%

Tata Consultancy Services (TCS) reported yearly sales of about 1.91 trillion INR, or roughly $23 billion, for the fiscal year 2022.

TCS has operations in 149 locations across 46 nations. And it is regarded as one of the most valuable IT brands in the world.

2. Infosys

The leading international IT company in India, Infosys offers business consulting, IT, and outsourcing services.

CEOSalil Parekh (Jan 2, 2018–)
Revenue$16.3 Billion
Market Cap$71.46 Billion
Number of employees296,315 
FoundedJuly 2, 1981
ROE27.49%
CAGR16%
Promoter Holding13.15%

Since its founding in 1981, the business has grown to employ about 3,14,015 people.

Infosys offers a range of IT services in the financial, insurance, manufacturing, and other sectors, including independent validation, maintenance, and software development.

Infosys is the first IT business in India to list on NASDAQ. It is currently one of India’s top software or IT companies.

3. HCL Technologies

HCL Technologies is one of the biggest and best IT businesses in India. HCL Technologies specializes in IT consulting and services. It was established in 1991 by Arjun Malhotra and Shiv Nadar.

CEOC Vijayakumar (Oct 2016–)
Revenue$11.18 billion
Market Cap$30.8 Billion
Number of employees210,966
FoundersShiv Nadar, Arjun Malhotra
ROE25.27%
CAGR (10 Years)20%

They offer their services in a variety of industries, including finance, manufacturing, telecommunications, retail, and services for consumer packaged products, media and entertainment, life sciences, insurance, and others.

HCL Technologies is on the Forbes Global 2000 list. It ranks among India’s top 20 most valuable publicly traded companies, with a market valuation of $50 billion as of September 2021. As of July 2020, the corporation and its subsidiaries generated combined annual revenue of 23,464 crores (US$ 11.79 billion).

It operates in India as well as 52 countries in the world, such as Australia, China, Hong Kong, Indonesia, Israel, Japan, Malaysia, New Zealand, Saudi Arabia, etc.

4. Wipro Limited

Wipro Limited is one of the top 5 IT companies in India. It provides information technology, consulting, and business process services.

In terms of overall revenue, it ranks as the 29th largest Indian company in the Fortune India 500.

CEOThierry Delaporte (Jul 6, 2020–)
Revenue$10 billion
Market Cap$25.78 billion
Number of employees2,58,574
ROE16.64%
CAGR (10 Years)11%

Wipro provides consulting services to customers in 67 different countries in the fields of robotics, data analytics, cloud computing, cyber security, and other technologies.

5. Tech Mahindra

One of the main providers of IT consulting and services in India is Tech Mahindra. Tech Mahindra is a $5.2 billion company that employs more than 1,51,000 employees in 90 different countries.

CEOC. P. Gurnani
Revenue$5.1 Billion
Market Cap$12.8 Billion
Number of employees1,51,000
FounderAnand Mahindra
Founded1986
ROE19.65%
CAGR (10 Years)15%

Tech Mahindra is focusing on utilizing next-generation technologies, such as 5G, Blockchain, Quantum Computing, Cybersecurity, and Artificial Intelligence, in order to support end-to-end digital transformation for multinational clients.

In 2022, Tech Mahindra had over 1,200 customers, and that figure will continue to rise quickly.

6. L&T Infotech

L&T Infotech is one of the top 10 IT companies in India that provides information technology and consulting services. It was founded in the year 1996 by A.M. Nayak.

CEOSanjay Jalona (Aug 11, 2015–)
Revenue$1.6 billion
Market Cap$9.5 Billion
Number of employees35,991
FoundedDecember 23, 1996
ROE29.4%
CAGR48%

According to export income, LTI was ranked sixth among Indian IT services companies by NASSCOM in 2017. According to the Everest Group’s PEAK Matrix for IT service providers, the organization was one of the top 15 worldwide IT service providers in 2017.

LTI, a publicly traded subsidiary that was once known as L&T Information Technology Ltd., is owned by Larsen & Toubro 74% of the time (L&T). In 2001–2002, the business’s name was changed from L&T Information Technology Limited to Larsen & Toubro Infotech Limited.

7. Mindtree

One of the biggest IT firms in India, Mindtree offers consulting and information technology services. It was founded in 1999 and is a part of the L&T Group.

CEODebashis Chatterjee (Aug 2, 2019–)
Revenue$1.4 Billion
Market Cap$6.3 Billion
Number of employees38,518
ROE30.19%
CAGR17.5%

The business, which has 43 offices worldwide and over 276 current clients, excels in e-commerce, mobile apps, cloud computing, digital transformation, data analytics, testing, enterprise application integration, and enterprise resource planning.

8. Mphasis Ltd

One of the top ten information technology businesses in India, Mphasis Ltd offers consulting and other IT services.

CEONitin Rakesh (Jan 29, 2017–)
Revenue$1.2 Billion
Market Cap$4.81 Billion
Number of employees29,473
ROE30.75%
CAGR (7 Years)10.9%

This business offers a range of IT services, including application management, architecture consulting, application development and integration, and outsourcing of infrastructure and technology.

9. Hexaware Technologies Ltd.

One of the top 10 Indian IT businesses, Hexaware Technologies Ltd. offers business process outsourcing and information technology services.

CEOR Srikrishna (Jul 28, 2014–)
Revenue$971 Million
Market Cap$1.7 Billion
Employees25,000
Founded1990
ROE26.1%
CAGR (10 Years)18%

The three-pronged strategy of Hexaware technologies limited to quickly transitioning businesses into the digital era is AUTOMATE EVERYTHING, CLOUDIFY EVERYTHING, and TRANSFORM CUSTOMER EXPERIENCES.

Hexaware provides services in the areas of business process management, infrastructure management, and digital customer and digital assurance. Additionally, it provides administration and transformation services for applications.

10. ITC Infotech

ITC Infotech is one of India’s top software and IT companies, offering its services to a variety of industries including banking and finance, healthcare, manufacturing, consumer products, travel, and hospitality.

ITC Infotech
CEOCEO: Sudip Singh (Feb 1, 2019–)
Revenue$5.8 Billion
Founded2000
Number of employees23,829
ROE24.29%
CAGR5%

ITC Ltd.’s wholly owned subsidiary is ITC Infotech. One of the top private firms in India, ITC is a diversified conglomerate with operations in the consumer goods, hospitality, paperboard and packaging, agribusiness, and information technology sectors.

Essential reads:

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By now, you must have come to know about the top 10 IT companies in India 2022. The software companies mentioned above are growing rapidly.

The IT sector is one where innovation is occurring at the highest level and is improving people’s lives.

We hope that after reading this blog post, all your questions have been answered.

FAQ

Q: Who is the top 10 IT company in India?

Ans: Here is the list of top 10 IT companies in India:
1) Tata Consultancy Service
2) Infosys
3) HCL Technologies
4) Wipro Limited
5) Mindtree
6) Tech Mahindra Limited
7) Mphasis Limited
8) Larsen and Toubro Limited
9) ITC Infotech
10) Hexaware Technologies Ltd

Q: Which is the largest IT company in India?

Ans: TCS is the largest IT company in India.

Q: What do IT companies do?

Ans: IT companies provide different types of IT services such as:
1) Cloud Services.
2) Backup and Disaster Recovery.
3) Network Security.
4) Help Desk Support.
5) Managed Print Services.
6) Computer Training.
7) IT Consulting.

Q: Which IT company offers the highest salary in India?

Ans: In the Indian IT industry, TCS, Infosys, and HCL Technologies are a few businesses that provide entry-level and seasoned workers with respectable compensation packages.

Q: Is it good to work in the IT industry?

Ans: IT industry is growing at an accelerated rate so it may be profitable to work in IT industry.