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Top 10 IT Companies in India 2021-22 – Business2Business

Here is the list of Top 10 IT companies in India 2021. The list is rank based on Total Revenue and Market capitalization in recent years.

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1. Tata Consultancy service


TCS was founded in 1968 to provide punch card services to Tata Steel. Today, Tata Consultancy Service (TCS) is among the largest IT companies in India by revenue and total Market Cap for an IT company.
TCS provides IT services, business, consulting, and digital transformation services to the world's largest businesses and serves IT services and the IT consulting Industry.
TCS is India's second-largest company in India terms of Market Capitalization. It is the largest in India's top 10 IT companies list 2021.

  • CEO: Rajesh Gopinathan
  • Headquarters: Mumbai, Maharashtra, India
  • Revenue: Rs 161,541 Cr.
  • Market Cap: Rs 1,098,792 Cr.
  • Employees:448,464
  • ROE: 72 %
  • Sales Growth-Revenue (3Yrs): 8%
  • Sales Growth-NetProfit (3Yrs): 1%
  • Promoter holding: 05%

On October 8, 2020, TCS surpassed Accenture to become the world's most valuable IT company with a market capitalization of $ 144.73 billion. Tata Consulting Services (TCS) has more than 200 offices in 46 countries and 147 delivery centers in 21 countries. TCS is one of the largest private-sector employers in India with 448,464 employees.

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2. Infosys

Founded in 1981 by seven engineers with a capital of US$ 250, Infosys is a global information technology and consulting services company with revenues of $ 13 billion (revenue for fiscal year 20). Infosys is the second-largest IT Company on the list of top 10 IT companies in India 2021.

Infosys is the first NASDAQ-listed Indian IT Company. Today Infosys is a BSE and NYSE listed company with 242,371 employees. With a market capitalization of IN 536,899 Cr, it is considered one of the best IT companies in India.
Infosys has been in the news over the past year due to multiple billion-dollar deals. Recently, the Infosys Pfizer deal also made the headlines, but it has yet to be officially confirmed.

  • CEO: Salil Parekh
  • Headquarters: Bengaluru, Karnataka, India
  • Revenue: Rs 93,594 Cr.
  • Market Cap: Rs 536,899 Cr.
  • Employees: 242,371
  • ROE: 97%
  • Sales Growth-Revenue (3Yrs): 4%
  • Sales Growth-NetProfit (3Yrs): 0%
  • Promoter holding: 95%

The company has a world-class training center in Mysore, Karnataka.

One of its well-known products is Finacle, which is a comprehensive banking solution with different modules for retail and corporate banking.

Infosys provides software development and several products and services, including NIA - the next-generation integrated artificial intelligence platform (formerly known as Mana), a global management consulting service through Infosys Consulting, Infosys Information Platform (IIP) - analytics platform, Panaya Cloud Suite, Skava, Engineering Services, Digital Marketing.

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3. HCL Technologies

HCL Technologies is one of the best IT companies in India. Six engineers, led by Chef Nadar, started a company that would make personal computers, and on 11 August 1976, the company was started as Hindustan Computers Limited (HCL)
HCL is a leading global IT consulting and services company that helps global companies reimagine and transform their businesses through digital technology transformation.
HCL has more than 150,000 employees and a total market value of 257,933 Cr. HCL ranks third among the top IT companies in India.

  • CEO: C Vijayakumar
  • Headquarters: Noida, Uttar Pradesh, India
  • Revenue:Rs 71,265 Cr.
  • Market Cap: Rs 257,933 Cr.
  • Employees: 150,000
  • ROE: 04%
  • Sales Growth-Revenue (3Yrs): 6%
  • Sales Growth-NetProfit (3Yrs): 7%
  • Promoter holding: 33%

HCL offers a variety of services, including application services and system integration, BPO / business services, engineering, research, and development services (ERS), infrastructure management services (IMS), IoT WoRKS, DRYiCE, digital and analytics, cybersecurity, and GRC Services. 

HCL operates in various sectors, including aerospace and defense, banking, energy, media and entertainment, healthcare, retail, telecommunications, high-tech, insurance, life sciences, manufacturing, oil and gas, travel, and logistics.

HCL Technologies is listed on the Forbes 2000 Global List with a market cap of $ 21.5 billion. In the last year 2020, Roshni Nadar Malhotra became President of HCL, succeeding HCL founder Shiv Nadar.

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4. Wipro Limited

Wipro (formerly known as Western India Palm Refined Oil Limited) is a global leader in business operations and IT consulting services [Indian IT companies].

Wipro is one of the excellent IT companies in India, led by Azim Premji and it is on the list of the top-five IT companies in India. On July 6, 2020, Thierry Delaporte became the new CEO of Wipro.

Wipro harnesses the power of cognitive computing, automation, robotics, cloud, analytics, and emerging technologies, and helps clients drive digital transformation.

Wipro has more than 180,000 employees dedicated to serving clients on six continents.

  • CEO: Thierry Delaporte 
  • Headquarters: Bengaluru, Karnataka, India
  • Revenue: Rs 63,862.60 Cr.
  • Market Cap: Rs 221,812 Cr.
  • Employees: 180,000
  • ROE: 04%
  • Sales Growth-Revenue (3Yrs): 2%
  • Sales Growth-NetProfit (3Yrs): 6%
  • Promoter holding: 02%

Wipro is India's fourth-largest IT company. It is one of the Indian IT companies recognized worldwide for its strong commitment to sustainability and good corporate citizenship.

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5. Tech Mahindra Ltd

Tech Mahindra Limited is a subsidiary of the Mahindra Group, which provides Information Technology (IT) and Business Process Outsourcing (BPO) services.

Other major IT companies in India have clients primarily from the United States, however, Tech Mahindra's main customer bases are in Europe / UK. Tech Mahindra is one of the best IT companies in India for telecom.

After the Satyam scandal of 2008-09, Tech Mahindra won the bid from Satyam Computer Services to merge Satyam with Tech Mahindra.

Tech Mahindra represents the connected world, providing innovative customer-centric IT experiences, empowering businesses around the world.

  • CEO: P. Gurnani
  • Headquarters: Pune, Maharashtra, India
  • Revenue:Rs 38,060.10 Cr.
  • Market Cap: Rs 94,609 Cr.
  • Employees: 125,236
  • ROE: 35%
  • Sales Growth-Revenue (3Yrs): 4%
  • Sales Growth-NetProfit (3Yrs): 8%
  • Promoter holding: 82%

Tech Mahindra is a US$5.2 5.2 billion company with more than 125,000 employees in 90 countries. The company was ranked 5th in India for IT companies and 47th on the Fortune India 500 list of 2019.

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6. Larsen & Toubro Infotech Ltd.

Larsen & Toubro Infotech Ltd, also known as LTI, is a global IT solutions and services company headquartered in Mumbai, India. Founded in December 1996 as a wholly-owned subsidiary of Larsen & Toubro Ltd (L&T), according to NASSCOM, Larsen & Toubro Infotech (LTI) is the sixth-largest IT services company in India by export revenue.

  • CEO: Sanjay Jalona
  • Headquarters: Mumbai, Maharashtra, India
  • Revenue: Rs 11,207 Cr.
  • Market Cap: Rs 182,132 Cr.
  • Employees: 31,437
  • ROE: 80%
  • Sales Growth-Revenue (3Yrs): 1%
  • Sales Growth-NetProfit (3Yrs): 5%
  • Promoter holding: 62% 

LTI provides diverse services such as Enterprise Solutions, cloud, infrastructure and security, application management, and digital transformation. The LTI Mosaic platform provides data engineering, advanced analytics, knowledge-based automation, and IoT connectivity using exponential technology.

The company operates in 30 countries, accelerating digital transformation with the top companies in the world.

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7. Mphasis Ltd

Incorporated in June 1992 as a result of the merger of the US-based IT company Mphasis Corporation and the Indian IT company BFL Software Limited, one of the leading software and IT companies in India.

Mphasis provides IT services, integrated solutions, business process outsourcing, infrastructure technology, and application services.

Mphasis serves six of the world's largest banks, eleven of the 15 largest mortgage lenders, and the three largest insurers in the world. Mphasis has 22,239 employees in 15 countries. It is one of the leading software companies in India.

  • CEO: Nitin Rakesh 
  • Headquarters: Bengaluru, Karnataka, India
  • Revenue:Rs 7,907 Cr.
  • Market Cap: Rs 28,568 Cr.
  • Employees: 22,239
  • ROE: 77%
  • Sales Growth-Revenue (3Yrs): 6%
  • Sales Growth-NetProfit (3Yrs): 4%
  • Promoter holding: 16%

In June 2006, Electronic Data Systems (EDS) bought a controlling (42%) stake in Mphasis. On May 13, 2008, Hewlett-Packard confirmed its acquisition of Electronic Data Systems (EDS). Mphasis acted as an independent subsidiary with its Board of Directors and continued to list it in the Indian market as "Mphasis Limited". By April 2016, Blackstone had acquired Hewlett-Packard's 84 percent stake in Mphasis.

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8. Mindtree Ltd

Mindtree is a new age Indian IT company that started working on digital transformation projects earlier than some of India’s biggest IT companies.

L&T group acquired Mindtree, however, it is operating as a separate entity compared to the prospect of merging with Larson and Toubro Infotech (another IT subsidiary of the L&T Group)

The company is a global technology consulting and services firm, providing exceptional services for e-commerce, mobile applications, cloud computing, digital transformation, data analytics, and business application integration.

  • CEO: Debashis Chatterjee
  • Headquarters: Bengaluru, Karnataka, India
  • Revenue: Rs 7,839.90 Cr.
  • Market Cap: Rs 27,331 Cr.
  • Employees: 21,991
  • ROE: 98%
  • Sales Growth-Revenue (3Yrs): 0%
  • Sales Growth-NetProfit (3Yrs): 7%
  • Promoter holding: 59%

LTI is operating in over 15 countries across the globe with 21,000+ Employees. It is among the list of top software companies in India.

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9. Hexaware Technologies Ltd

Founded as Information Technology, BPO Services Company, today Hexaware Technologies Limited is a world leader and the fastest growing provider of the next generation of IT services, consulting, and consulting. It is one of the top 10 Indian IT companies in India.
Hexaware offers a variety of services, including application transformation and management services, business intelligence and analytics, digital assurance, business solutions, business process services, and infrastructure management services.
Hexaware is headquartered in Navi Mumbai, Maharashtra, India, and has 33 global offices and more than 18,294 employees.
Hexaware Technologies voluntarily delisted from the BSE and the NSE as of November 2020.

  • CEO: R Srikrishna
  • Headquarters: Navi Mumbai, Maharashtra, India
  • Revenue:Rs 5,306 Cr.
  • Market Cap: Not Applicable as company delisted from BSE and NSE.
  • Employees: 18,294

The company has evolved at the intersection of advanced technologies: AUTOMATE EVERYTHING TM, NUBLICE EVERYTHING TM, and TRANSFORM CUSTOMER EXPERIENCESTM, helping companies accelerate the transition to the digital age.

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10. Coforge ( Formerly NIIT) :

Coforge is an Indian IT software and services company operating in several countries.

It was founded in 1981 by Rajendra S. Powar and Vijay K. Thadani, graduates from IIT Delhi as NIIT Technology; In 2020, NIIT Technology was re-branded as Coforge.

Unlike other high-profile IT companies, NIIT has focused on learning management and training delivery solutions for companies, organizations, and individuals.

NIIT formulated a franchising model in IT education for the first time, setting nine centers by 1987.

  • Market Cap: INR9,067.34 Cr
  • Revenue: INR 558.10 Cr
  • CEO: Sapnesh Lalla
  • Number of employees: ~10,000
  • Headquarters: Gurugram, India

Also Read: Top 10 highest-paid Indian employees
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