India’s top 10 IT firms by market capitalization in 2024 : The thriving and dynamic Indian IT sector is evidence of the nation’s ability to innovate and grow technologically. With origins in the late 20th century, the business has expanded quickly, making India a major player in the global IT market. India is now home to some of the top IT companies in the world and is known throughout the world for its technological expertise.
The top ten IT companies in India are to be highlighted in this article: We have ranked them according to the market capitalization of the corresponding equities that were traded on the NSE on April 15, 2024.
Here is a brief overview of the top 10 IT giants in India :
A closer look at India’s top 10 IT businesses
Let’s examine India’s top 10 IT firms by market capitalization in 2024 in more detail now that we know which ones are the greatest in the country:
CEO: K Krithivasan
Headquarters: Mumbai, Maharashtra, India
Founded on: April 1, 1968
The biggest IT firm in India, TCS, is a world leader in business solutions, consulting, and IT services. It is one of the earliest IT firms in India, having been founded in 1968. TCS is a major player in a number of industries, including banking, retail, telecom, and healthcare, thanks to its extensive variety of services.
AIB Life, a recently established joint venture between Allied Irish Banks and Great West Lifeco, and TCS have teamed to commence operations in Ireland. Through the AIM Mobile Banking app, AIB clients can receive financial advice and access to other financial services. TCS BaNCS, the company’s premier insurance platform, was used for this.
CEO: Salil Parekh
Headquarters: Bengaluru, Karnataka, India
Founded on: July 2, 1981
Infosys is a well-known global company that specialises in cutting-edge digital services and consultancy. India’s IT revolution has been spearheaded in part by Infosys, which was established in 1981. Infosys is a corporate consulting, outsourcing, and information technology company that prioritizes innovation and sustainability.
In June 2023, Infosys and Danske Bank will collaborate to quicken the digital transformation process. Spread over five years, the contract’s original worth is $454 million.
CEO: C Vijayakumar
Headquarters: Noida, Uttar Pradesh, India
Founded on: November 12, 1991
HCL Technologies is an innovative, global technology company that helps companies modernize their operations for the digital age. Using its Mode 1-2-3 strategy, HCL, founded in 1976, provides an integrated portfolio of products, solutions, services, and intellectual property.
HCLTech recently opened a Global Delivery Center in Rabat, Morocco, to oversee transformation projects for clients in industries such as software, cloud, AI, and digitalization.
CEO: Thierry Delaporte
Headquarters: Bengaluru, Karnataka, India
Founded on: December 29, 1945
Wipro Limited is a leading international company specializing in information technology, consulting and business process services. Founded in 1945, Wipro uses cognitive computing, hyper-automation, robotics, cloud, analytics, and other cutting-edge technologies to help customers adapt to the digital landscape.
Wipro recently announced that it has partnered with Wipro FullStride Cloud Pure Storage, a provider of enterprise data storage solutions to help customers accelerate their sustainability journey.
CEO: Debashis Chatterjee
Headquarters: Bengaluru, Karnataka, India
Founded on: December 23, 1996
LTIMindtree Limited is a reputable global provider of technology consulting and services with extensive experience. The company’s distinct blend of size and agility sets it apart from rivals in the industry.
LTIMindtree and Schneider-Neureither & Partner (SNP) teamed together in June 2023 to start the Bluefield integration’s “fast forward” phase. A comprehensive lifecycle solution called Fast Forward is intended to lower risk and preserve ERP compatibility while quickening enterprise migration to the SAP S/4HANA platform.
CEO: Mohit Joshi
Headquarters: Pune, Maharashtra, India
Founded on: October 24, 1986
Established in 1986, Tech Mahindra is committed to providing innovative, customer-focused IT solutions to a worldwide community. It belongs to the Mahindra Group division.
Gurnani left Tech Mahindra on December 19, 2023, and Mohit Joshi took over as MD and CEO in March 2023. It’s interesting to note that Joshi was Infosys’s president before.
CEO: Makarand S. Padalkar
Headquarters: Mumbai, India
Founded on: December 4, 1989.
Oracle Financial Services was founded in 1990. It provides the world’s most comprehensive and contemporary banking applications and technology map that meets complex IT and business needs.
AmBank (M) Berhad, a Malaysian financial institution, recently expanded its technology relationship with Oracle and signed an agreement for its financial analytics applications. Additionally, Ajman Bank of Ajman, UAE has also signed an agreement with Oracle and subscribed to Oracle Financial Services Analytical Applications Cloud Service.
CEO: Sandeep Kalra
Headquarters: Pune, Maharashtra, India
Founded on: May 16, 1990
Global corporation Persistent Systems offers solutions to modernize businesses and speed up digital operations. The business was established in 1990 and is renowned for its deep understanding of technology.
Founder Anand Deshpande didn’t think IBM executive Christopher O’Connor would lead the company to success, thus in the midst of the Covid-19 crisis, 2020 hired Sandeep Kalra as a permanent CEO. But after assuming the CEO role, Kalra elevated the business to whole new levels. For instance, as reported in the third quarter of fiscal 2022, their objective was to generate $1 billion in revenue annually over a period of six to eight quarters.
Notably, Kalra has extensive experience with HCL technologies and has previously worked for Samsung.
CEO: Nitin Rakesh
Headquarters: Bengaluru, Karnataka, India
Founded on: June 6, 2000
Founded in 1998, Mphasis uses cutting-edge technology to assist businesses in transforming their operations on a worldwide scale. Because of its integrated service portfolio, business process knowledge, and smooth service delivery, it is ideally positioned to spearhead digital transformation in organizations.
Even if Mphasis substantially underperformed in the final quarter of 2022 and is still facing challenges, the company nevertheless benefits greatly from Blackstone’s investment and a combined investment by Abu Dhabi Investment Authority and The Regents. California University.
CEO: Kishor Patil
Headquarters: Pune, Maharashtra, India
Founded on: January 28, 1990
Since 1990, KPIT Technologies has been in business. This multinational technology corporation provides product engineering solutions, IT consulting, and services to businesses in the manufacturing, energy, utility, and automotive industries.
KPIT Technologies and Honda established a partnership in March 2023 to further the latter’s software-defined mobility (SDM) initiative. Notably, Honda has supported KPIT for the previous eight years as a partner.
We hope that this post on the top 10 IT businesses in India will be helpful to you whether you are an investor, job seeker, or just interested in learning more about the Indian IT industry.
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