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
- 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.
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.
|CEO||Rajesh Gopinathan (Feb 10, 2013–)|
|Market Cap||$134.6 Billion|
|Number of employees||606,331|
|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.
The leading international IT company in India, Infosys offers business consulting, IT, and outsourcing services.
|CEO||Salil Parekh (Jan 2, 2018–)|
|Market Cap||$71.46 Billion|
|Number of employees||296,315|
|Founded||July 2, 1981|
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.
|CEO||C Vijayakumar (Oct 2016–)|
|Market Cap||$30.8 Billion|
|Number of employees||210,966|
|Founders||Shiv Nadar, Arjun Malhotra|
|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.
|CEO||Thierry Delaporte (Jul 6, 2020–)|
|Market Cap||$25.78 billion|
|Number of employees||2,58,574|
|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.
|CEO||C. P. Gurnani|
|Market Cap||$12.8 Billion|
|Number of employees||1,51,000|
|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.
|CEO||Sanjay Jalona (Aug 11, 2015–)|
|Market Cap||$9.5 Billion|
|Number of employees||35,991|
|Founded||December 23, 1996|
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.
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.
|CEO||Debashis Chatterjee (Aug 2, 2019–)|
|Market Cap||$6.3 Billion|
|Number of employees||38,518|
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.
|CEO||Nitin Rakesh (Jan 29, 2017–)|
|Market Cap||$4.81 Billion|
|Number of employees||29,473|
|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.
|CEO||R Srikrishna (Jul 28, 2014–)|
|Market Cap||$1.7 Billion|
|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.
|CEO||CEO: Sudip Singh (Feb 1, 2019–)|
|Number of employees||23,829|
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.
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.
Ans: Here is the list of top 10 IT companies in India:
1) Tata Consultancy Service
3) HCL Technologies
4) Wipro Limited
6) Tech Mahindra Limited
7) Mphasis Limited
8) Larsen and Toubro Limited
9) ITC Infotech
10) Hexaware Technologies Ltd
Ans: TCS is the largest IT company in India.
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.
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.
Ans: IT industry is growing at an accelerated rate so it may be profitable to work in IT industry.
This blog post is written by business industry experts & published by the Digital5k editorial team to give the best industry knowledge. This blog post was well researched to ensure the right information.