12 Top IT Companies of India in 2022

Are you looking for top IT companies in India? If yes then you landed in the right place. The Indian IT industry is one of the fastest-growing IT industries in the world.

The Indian IT landscape is becoming a more and more popular destination for companies looking to outsource their technology solutions.

Many foreign companies prefer to outsource their software development and customer service operations to India.

Undoubtedly, India is one of the leading countries in the Information Technology sector. That’s the reason foreign companies are also opening their subsidiaries in India.

There has been rapid growth in the Indian IT-software industry over the last 3 decades, and for a very good reason.

India’s information technology (IT) sector is set to become a $227 billion industry in Fiscal Year 2022, with a 15.5% growth. It is the highest in over a decade, according to Nasscom.

With that said, In this post, you will learn about the top IT companies in India.

Let’s just dive in…

Top IT Companies In India

There are numerous Indian IT companies in India serving their service to the world.

Below, we have shared top Indian IT companies.

Let’s take a look at the companies.

Read more: Top 10 IT Companies of the World

#1 TCS

TCS IT Companies of India

TCS is one of the top IT companies of India.

Headquartered in Mumbai TCS is an Indian IT company. Obviously, it is part of Tata Sons.

TCS is the second most valuable IT company in the world after IBM. And TCS is the largest IT company.

Even it is the first Indian IT company to reach a market capitalization of $200 billion.

Initially, the company was known as Tata Computer Software. Later they changed the name to Tata Consultancy Services.

TCS  provides services in many industries such as Automation & AI,  Analytics and Insights, Blockchain, Cognitive Business Operations, Cyber Security, Cloud, Consulting, IoT, etc. The company provides these services across multiple countries.

The IT company served its services to different industries i.e. Banking & Financial Services,  Education, HiTech, Insurance,  Manufacturing,  Retail, Transportation & Hospitality, etc.

In 2015, TCS was ranked 64th overall in the Forbes World’s Most Innovative Companies.

The tech giant also ranked 11th on the Fortune India 500 list.

It is one of the largest private-sector employers in India. Till December 2021, Tata Consultation Sevices has 528,748 employees. The IT company has employees from 153 nationalities, across 46 countries.

Surprisingly, TCS was the first company to enter the bioinformatics market.

Market Capitalization: ₹11.84 LCr.

Revenue: ₹195,772 crore (US$26 billion) – 2022

Net income: ₹38,449 crore (US$5.0 billion) – 2022

#2 Infosys

Infosys  IT Companies of India

N. R. Narayana Murthy, Nandan Nilekani, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh, N. S. Raghavan, & Ashok Arora founded Infosys.

The MNC was founded in 1981. Now the company has 40 years of experience in the industry.

Presently, Infosys is the second-largest IT company in India after TCS.

Infosys offers many services such as Digital Marketing, Digital Commerce, Digital Workplace, Applied AI, Data Analytics, Blockchain, Microsoft Cloud, Salesforce, & many more.

The IT company serves its services to multiple industries such as Aerospace & Defense, Agriculture, Automotive, Communication Services, Consumer Packaged Goods, Education, Financial Services, Healthcare, High Technology, Industrial Manufacturing, Insurance, Logistics & Distribution, and Media and Entertainment, Mining, Retail, etc.

The company has 82 sales and marketing offices and 123 development centers across the world.

Surprisingly, The IT company became the fourth Indian company to cross $100 billion in market capitalization.

Infosys was ranked 19th on Forbes world’s most innovative companies in the year 2012.

There are 276,319 employees in Infosys until 2021.

Market Capitalization: ₹5.97 LCr

Revenue: ₹102,673 crores (US$13 billion) – 2022

Net Income:  ₹19,543 crores (US$2.6 billion) – 2021

 #3 Wipro

Wipro IT Companies of India

Wipro is an Indian MNC that provides many services: Data Analytics, AI, Consulting, Application, Digital Operation & more. Muhammed Hasham Premji founded Wipro in 1845.

Formerly the company was known as Western India Palm Refined Oils Limited. Later they shorten the name to Wipro.

Initially, the company manufactured vegetable and refined oils.

Between the 1970s and 80s, they started to focus on the IT industry. Since then they never looked back again.

In the year 1977, it changed its name to Wipro Products Limited. Later, in the year 1982, they again changed the name to Wipro Limited.

Now Wipro serves many services i.e. cloud computing, cyber security, digital transformation, artificial intelligence, robotics, data analytics, etc.

Not only this but the company also manufactures healthcare, personal care, & lighting products.

The company has clients across 67 countries.

It served its services to different industries e.g. Automotive, Communication, Healthcare, Travel, Banking, Travel, etc.

In the year 2014, Wipro was among India’s most trusted brands according to Brand Trust Report. It ranked 52nd in that report.

The company also ranked 755th on the Forbes Global 2000 list.

Wipro has over 231,671 employees till 2021. It is listed on BSE, NSE, and NYSE ( New York Stock Exchange).

Market Capitalization: 2.48 LCr

Revenue: ₹75,000 crores (US$9.8 billion) – 2021

Net Income: ₹10,866 crores (US$1.4 billion) – 2021

#4 HCL Technologies

HCL IT Companies of India

Headquartered in Noida, HCL is an IT services and consulting company.

Shiv Nadar founded the company in 1976. HCL refers to Hindustan Computers Limited.

HCL provides Data Analytics, Digital Consulting, Cloud Services, IoT, Digital Workplace, & many more services.

The IT company serves many industries such as Banking, Automotive, Healthcare, Aerospace, Public Sector, Telecom, HI-Tech, etc

As of 2020, HCL has an annual revenue of ₹71,265 crores.

It is among the top 20 largest Indian publicly-traded companies. And it is also on the Forbes Global 2000 list.

HCL has offices in 50 countries and over 208,877 employees.

Market Capitalization: ₹2.66 LCr

Revenue:  ₹85,665 crores (US$11 billion) – 2022

Net Income: ₹11,169 crores (US$1.5 billion) – 2021

#5 Tech Mahindra

Tech Mahindra IT Companies of India

Anand Mahindra founded Tech Mahindra in 1986. Now it is a part of Mahindra Group.

Tech Mahindra provides many services such as Infrastructure and Cloud Services, Artificial Intelligence, Experience Design Services, Business Process Services, Network Services, Testing Services, Business Excellence Services, Telecom Product Engineering, Data Analytics, Cyber Security, Customer Experience, etc.

The company deals in different industries i.e. Automotive, Aerospace, Boats, Logistics, Two Wheeler, Power Back, Retail, & many more.

In 2019 the company was ranked #5 in IT firms. The same year it also ranked #47 on Fortune India 500.

Until 2021, the company has 141,193 employees across 90 countries.

The company has offices in more than 60 countries.

Market Capitalization: 1.05 LCr

Revenue: ₹38,642 crores (US$5.1 billion) – 2021

Net Income: ₹4,353 crores (US$570 million) – 2021

#6 Mind Tree

Mind Tree is an IT company founded in 1999. The company has multiple founders.

The IT company serves its services to multiple industries e.g. Technology, Banking, Insurance, Consumer Packaged Goods, Manufacturing, Education, etc.

Mind Tree provides many services such as Digital Marketing, E-commerce, Cloud, Data & Intelligence, Product Engineering, Digital Security, & many more.

The company had 43 offices in over 17 countries till 2017.

In June 2019 Larsen & Toubro took over the company Mind Tree. It has a 61.06% stake in the company.

The organization has 23,814 employees from 80 nationalists.

Market Capitalization: ₹46.30 TCr

Revenue: ₹7,839.90 crore (US$1.0 billion) – 2020

Net Income: ₹630.80 crores (US$83 million) – 2020

#7 Mphasis

Mphasis is another IT company on our list. Jerry Rao & Jeroen Tas founded the company in 1998.

In the year 2008, Hewlett-Packard (HP) acquired Mphasis. After 8 years HP sold its majority of stocks to Blackstone Group. Now  Blackstone Group owns an 84% stake in the company.

Mphasis serves its services to different industries: Payments, Banking, Logistics, Manufacturing, Hi-Tech, Health Care, Travel, etc.

The company provides many services like Cloud, Blockchain, Cyber Security, Business Process Services, Infrastructure, & Enterprise Automation, & many more.

Mphasis was ranked #7th on Fortune India 500 in 2019.

The company has 29,473 employees.

Mphasis has 60 sales and delivery centers in 19 countries across multiple countries.

Market Capitalization: ₹46.12 TCr

Revenue: ₹9,722 crores (US$1.3 billion) – FY 21

Net Income: : ₹392.07 Crores

#8 Larsen & Toubro Infotech

Larsen & Toubro Infotech is an Indian IT MNC company headquartered in Mumbai. It was founded in 1997.

Initially, the company was known as L&T Information Technology Ltd. Later they changed the name to LTI (Larsen & Toubro Infotech Limited).

L&T serves its services to multiple industries such as Banking & Financial, Insurance, Energy, Retail, Hi-Tech, Life Sciences, Healthcare, Media & Entertainment, & Manufacturing

 According to the Everest Group’s PEAK Matrix, L&T is among the top 15 IT service providers globally in 2017.

L&T has 458 clients across 33 countries.

The IT company provides many services such as Cloud, Consulting, CIS, Agile Assurance and Quality Engineering, Cyber Defense, Resiliency Service, & Application Management services.

The IT firm has 45,000 employees till 2021.

Market Capitilazation: 68.96TCr

Revenue: ₹12,644 crores (US$1.7 billion) – 2020

Net Income: ₹1,938 crores (US$250 million) – 2020

#9 Hexaware Technologies

Hexaware is one of the fastest-growing IT companies. The company is incorporated on 20th November in the year 1992.

The IT company served its services to multiple industries such as Banking, Education, Insurance, Logistics, Telecom, Travel, Transportation, Hospitality, Manufacturing, Professional Services, Entertainment & many more.

Hexaware offers services i.e. Business Intelligence, Analytics Services, Cloud, Business Process Services, Digital Assurance Services, Digital IT Ops, etc.

The company has 34 offices across the world.

More than 19,000 employees are working in the company, and the number is growing.

Market Capitalization: ($1.82 Billion)

Revenue: $845 million

#10 Zoho Corporation

Headquartered in Chennai, Zoho is an Indian MNC company that specialized in making web-based tools. Sridhar Vembu and Tony Thomas founded the MNC company in 1996.

Initially, the company provided network management solutions.

Earlier, It was known as AdventNet. Later, In the year 2009, they changed the name to Zoho.

Zoho is quite popular for its CRM, Office, & some other products. It has over 50 applications.

Even many small businesses use Zoho products and services.

Zoho provides multiple services such as Technology, Information technology, Software development, & Cloud computing.

The company has 12 offices across 9 countries as of 2021. It has more than 12,000 employees who handle more than 50 million users and Zoho is still a private company.

Revenue:  ₹5,230 crore (US$690 million) – 2021

#11 Redington Group

Redington is an Indian IT company. R Srinivasan founded Redington.The organization work with multiple industries in Mobile Handsets, Mobile Accessories, Information Technology, & Supply Chain Management.

Redington provides many services i.e. Mobile Accessories, Artificial Intelligence, Big Data Analysis, 5G Communications, & Internet of Things.

The company is offering its services to 245+ brands across 37 markets.

The Redington Group has 3983 employees.

Market Capitilzation: ₹10.25 TCr

Revenue: ₹17.32 TCr

Net Income: ₹347.97 Crores

#12 Coforge

Last but not the list Coforge. It is an Indian IT company founded in 1992.

Formerly it was known as NIIT Technologies. In 2020, they renamed it Coforge.

The IT firm is serving many industries such as Insurance, Travel, Transportation, Hospitality, Banking, Financial Services,  Healthcare, Hi-tech, Manufacturing, & Media, Entertainment, & Retail.

The company offers services such as AI, Digital Services, Data & Insights, Digital Processes, Automation, Cloud, CyberSecurity, Business Process Solutions, & more.

The organization has over 21,000 employees until 2021.

Market Capitalization: ₹22.35TCr

Revenue: 64,320 million ($866.5 million) – FY22

These companies are known for providing services in various technology sectors including business process outsourcing, software development, and product engineering.

Conclusion

No doubt that the IT sector is growing like never before across the globe. India is not an exception. The Indian IT industry is also growing rapidly.

These are the top IT Companies in India. We hope you got the information that wants about the IT companies. Lastly, If we missed anything let’s discuss that in the comment section. We would love to hear from you.

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