Top 20 IT Software Companies In India
The IT industry in India has seen exponential growth over the past few decades, becoming a global powerhouse. This article explores the top IT software companies in India, their contributions, and what sets them apart in a highly competitive market.
IT software companies specialize in the development, maintenance, and distribution of software solutions and services. They provide a wide array of products including operating systems, business applications, software tools, and custom solutions tailored to specific industry needs. These companies play a crucial role in driving digital transformation across various sectors such as healthcare, finance, education, and retail. They often offer services such as cloud computing, cybersecurity, data analytics, artificial intelligence, and enterprise resource planning (ERP). Known for innovation and technological advancements, IT software companies are essential in enhancing operational efficiency, improving customer experiences, and enabling businesses to stay competitive in a rapidly evolving digital landscape.
Top IT Software Companies List by Market Capitalisation
India is renowned for its vibrant IT industry, which has significantly contributed to the country's economic growth and global presence in technology and services. Here are the top 20 IT software companies in India:
1. TCS
- Market Cap: ₹ 1328181.84 Cr.
- Sales (latest quarter): ₹ 61237 Cr.
- Net Profit (latest quarter): ₹ 12502 Cr.
- Quarterly profit growth: 9.15 %
- Exchange: BSE, NSE
- Official Website: tcs.com
Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) services and consulting company. It is one of the largest IT services companies in the world, operating in over 46 countries and serving clients across various industries.
TCS was established in 1968 by Tata Sons, a holding company of the Tata Group. The company's initial focus was on providing software and IT services to the Indian government. Over time, TCS expanded its operations globally and today offers a wide range of IT services and solutions to businesses worldwide.
Services
TCS specializes in providing a wide range of services across various industries, including:
- IT Consulting: TCS offers strategic consulting to help businesses navigate complex IT challenges and optimize their IT infrastructure.
- Application Development: The company develops custom software applications tailored to the specific needs of its clients.
- Cloud Services: TCS provides cloud-based solutions to help businesses migrate their IT infrastructure to the cloud and leverage the benefits of scalability and flexibility.
- Digital Transformation: TCS helps organizations transform their businesses by adopting digital technologies and leveraging data-driven insights.
- Business Process Outsourcing: TCS offers BPO services, including customer support, finance and accounting, and HR functions, to businesses looking to outsource non-core operations.
2. Infosys
- Market Cap: ₹ 583985.54 Cr.
- Sales (latest quarter): ₹ 37923 Cr.
- Net Profit (latest quarter): ₹ 7975 Cr.
- Quarterly profit growth: 30.04 %
- Exchange: BSE, NSE
- Official Website: infosys.com
3. HCL Technologies
- Market Cap: ₹ 359316.4 Cr.
- Sales (latest quarter): ₹ 28499 Cr.
- Net Profit (latest quarter): ₹ 3995 Cr.
- Quarterly profit growth: 0.13 %
- Exchange: BSE, NSE
- Official Website: hcltech.com
HCL Technologies Limited (HCL) is a leading global IT services company, delivering solutions across various domains such as mainframe to digital, cloud, and cognitive. Headquartered in India, HCL Technologies has a global presence and offers a wide range of services to its clients, including software development, IT infrastructure management, BPO, and consulting services.
HCL Technologies was founded in 1976 by Shiv Nadar as a computer hardware and software company. Over the years, the company expanded its offerings and ventured into IT services, BPO, and consulting services. In 1991, HCL Technologies became a subsidiary of HCL Limited, a publicly-listed company in India. In 1999, HCL Technologies was listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India.
Services
HCL Technologies offers a wide range of services, catering to various industries and sectors. Some of its core services include:
- IT Services: HCL Technologies provides a comprehensive range of IT services, including application development, software testing, and IT infrastructure management.
- Business Process Outsourcing (BPO): HCL Technologies offers BPO services in areas such as finance and accounting, customer support, and HR.
- Consulting Services: HCL Technologies provides consulting services to help organizations optimize their processes, improve efficiency, and drive digital transformation.
- Cloud Services: HCL Technologies offers cloud-based solutions and infrastructure services, enabling organizations to leverage the benefits of cloud computing.
- Digital Transformation: HCL Technologies helps businesses navigate the digital age by providing them with digital solutions, including data analytics, Internet of Things (IoT), and artificial intelligence (AI).
4. Wipro
- Market Cap: ₹ 229094.17 Cr.
- Sales (latest quarter): ₹ 22208.3 Cr.
- Net Profit (latest quarter): ₹ 2858.2 Cr.
- Quarterly profit growth: -7.8 %
- Exchange: BSE, NSE
- Official Website: wipro.com
Wipro Limited, also known as Wipro Technologies, is a global information technology services and consulting company headquartered in Bangalore, India. With operations in over 50 countries, Wipro offers a wide range of IT services including consulting, business process outsourcing, enterprise application services, and infrastructure services.
Wipro was founded in 1945 by Mohamed Premji, who came to India from Yemen. Initially, the company focused on vegetable oils but later diversified into IT services. In 1981, Wipro entered the IT industry by establishing a joint venture with Burroughs Corporation.
Key Services
Wipro offers a comprehensive range of IT services across various domains. Some key services include:
- Consulting: Wipro provides consulting services to help organizations optimize their processes, enhance operational efficiency, and drive digital transformation.
- Business Process Outsourcing: Wipro offers a comprehensive suite of BPO services, including customer service, finance and accounting, HR, and procurement.
- Enterprise Application Services: Wipro delivers customized enterprise application solutions to meet the unique needs of its clients, including ERP, CRM, and data analytics.
- Infrastructure Services: Wipro provides infrastructure services, including data center management, cloud computing, networking, and storage, to help organizations manage their IT environments efficiently.
5. LTIMindtree
- Market Cap: ₹ 139253.05 Cr.
- Sales (latest quarter): ₹ 8892.9 Cr.
- Net Profit (latest quarter): ₹ 1100.7 Cr.
- Quarterly profit growth: -1.24 %
- Exchange: BSE, NSE
- Official Website: lntinfotech.com
LTIMindtree Ltd is a leading IT services and solutions company that provides a wide range of consulting and technology services. With over 20 years of experience, LTIMindtree Ltd has a strong track record of delivering innovative solutions to businesses across different industries.
Services Offered
LTIMindtree Ltd offers a comprehensive range of services to cater to the diverse needs of its clients. Some of their core services include:
- Consulting: LTIMindtree Ltd provides strategic consulting to help businesses optimize their operations, improve efficiency, and drive growth.
- Digital Transformation: The company helps organizations navigate the digital world by designing and implementing innovative digital solutions that leverage technology.
- Data Analytics: LTIMindtree Ltd offers advanced analytics services to help clients derive meaningful insights from their data to drive informed decision-making.
- Cloud Solutions: The company provides cloud-based services to enable organizations to leverage the benefits of scalability, flexibility, and cost-effectiveness.
- Application Development: LTIMindtree Ltd specializes in building custom software applications tailored to specific requirements and industries.
- Testing and Quality Assurance: The company offers comprehensive testing and quality assurance services to ensure the quality and performance of software applications.
- IT Infrastructure Management: LTIMindtree Ltd provides managed services for IT infrastructure, including infrastructure and network management, to ensure smooth operations and security.
- Cybersecurity: The company offers cybersecurity services to protect organizations from cyber threats and data breaches.
6. Tech Mahindra
- Market Cap: ₹ 120010.4 Cr.
- Sales (latest quarter): ₹ 12871.3 Cr.
- Net Profit (latest quarter): ₹ 664.2 Cr.
- Quarterly profit growth: -40.86 %
- Exchange: BSE, NSE
- Official Website: techmahindra.com
Tech Mahindra Ltd is a leading Indian multinational provider of information technology (IT), networking technology solutions, and Business Process Outsourcing (BPO). The company is headquartered in Pune, Maharashtra, and operates in more than 100 countries.
Tech Mahindra Ltd was founded in 1986 as Mahindra British Telecom (MBT), a joint venture between Mahindra & Mahindra and the British Telecom Group. In 1998, the company was renamed Tech Mahindra Limited.
Services
Tech Mahindra Ltd offers a wide range of IT services, including:
- IT Consulting: The company helps organizations assess their IT needs, design and implement technology solutions, and provide ongoing support.
- Networking Services: Tech Mahindra specializes in providing network infrastructure solutions, including network design, implementation, and optimization.
- Business Process Outsourcing: The company offers BPO services such as customer relationship management (CRM), finance & accounting, and human resources.
- Cloud Solutions: Tech Mahindra helps organizations migrate their workloads to the cloud, providing scalability, flexibility, and cost savings.
- Digital Transformation: The company assists businesses in harnessing digital technologies to gain a competitive edge, improve operational efficiency, and enhance customer experience.
7. Oracle Financial Services Software Ltd
- Market Cap: ₹ 64640.54 Cr.
- Sales (latest quarter): ₹ 1642.44 Cr.
- Net Profit (latest quarter): ₹ 560.12 Cr.
- Quarterly profit growth: 16.86 %
- Exchange: BSE, NSE
- Official Website: oracle.com
Oracle Financial Services Software Ltd (OFSS) is a leading financial technology company that specializes in providing software solutions to the banking industry. With a global presence and a wide range of products, OFSS is committed to delivering innovative solutions that empower financial institutions to optimize their operations, enhance customer experience, and drive business growth.
OFSS was established in 1996 as a wholly owned subsidiary of Oracle Corporation. The company started its operations with a focus on developing and delivering core banking solutions for financial institutions. Over the years, OFSS has grown to become a major player in the financial industry, serving customers in over 140 countries.
Products and Services
OFSS offers a wide range of products and services tailored to meet the unique needs of financial institutions. Some key offerings include:
- Core Banking Solutions: OFSS provides robust core banking solutions that streamline banking operations, enhance efficiency, and improve overall customer experience.
- Digital Banking: OFSS offers digital banking solutions that empower financial institutions to offer seamless mobile banking and online banking services to their customers.
- Risk Management: OFSS offers advanced risk management solutions that help banks identify, assess, and manage risks associated with lending, trading, and regulatory requirements.
- Payments: OFSS provides robust payments solutions that support various payment channels, including cards, mobile wallets, and ACH transactions.
- Data Analytics: OFSS offers advanced analytics capabilities that enable financial institutions to gain valuable insights from customer data and drive informed decision-making.
- Regulatory Compliance: OFSS helps banks stay compliant with regulatory requirements by providing solutions that automate compliance with Basel III, Dodd-Frank Act, and other global standards.
8. PB Fintech Ltd
- Market Cap: ₹ 58403.78 Cr.
- Sales (latest quarter): ₹ 1089.57 Cr.
- Net Profit (latest quarter): ₹ 60.19 Cr.
- Quarterly profit growth: 772.51 %
- Exchange: BSE, NSE
- Official Website: pbfintech.in
PB Fintech Ltd is a leading financial services company in India. The company offers a range of insurance and financial products and services through its online platform. PB Fintech Ltd aims to create a seamless and efficient experience for its customers by offering a wide range of insurance and financial products, including insurance, mutual funds, loans, and credit cards.
PB Fintech Ltd was founded in 2016 by venture-capital firm Sequoia Capital India. The company is headquartered in Mumbai, India. PB Fintech Ltd operates through its online platform called Policybazaar.com.
PB Fintech Ltd offers a diverse range of insurance and financial products to cater to the needs of its customers. The company's primary offering is insurance, which includes life insurance, health insurance, motor insurance, travel insurance, and more. PB Fintech Ltd also provides a range of investment options, including mutual funds, stocks, and bonds. Additionally, the company offers loans, credit cards, and other financial services.
9. Persistent Systems Ltd
- Market Cap: ₹ 52538.75 Cr.
- Sales (latest quarter): ₹ 2590.53 Cr.
- Net Profit (latest quarter): ₹ 315.32 Cr.
- Quarterly profit growth: 25.37 %
- Exchange: BSE, NSE
- Official Website: persistent.com
Persistent Systems Ltd is a leading provider of software solutions and IT services. With a strong focus on technology and innovation, the company offers a wide range of products and services to meet the evolving needs of businesses across various industries.
Persistent Systems Ltd is headquartered in Mumbai, India, and operates in over 30 locations worldwide. The company was founded in 1990 and has established itself as a trusted partner in delivering high-quality software solutions and IT services.
Key Services
- Software Development: Persistent Systems Ltd specializes in developing custom software applications tailored to the unique requirements of its clients. The company's team of skilled developers uses advanced technologies and frameworks to deliver scalable, reliable, and high-performance solutions.
- IT Services: In addition to software development, Persistent Systems Ltd offers a wide range of IT services to support businesses' digital transformation needs. These services cover areas such as IT infrastructure management, cloud migration, cybersecurity, and data analytics.
10. L&T Technology
- Market Cap: ₹ 47494.05 Cr.
- Sales (latest quarter): ₹ 2351.2 Cr.
- Net Profit (latest quarter): ₹ 329.3 Cr.
- Quarterly profit growth: 2.05 %
- Exchange: BSE, NSE
- Official Website: ltts.com
L&T Technology Services Ltd (LTTS) is a leading multinational technology company specializing in engineering, research and development, and digital transformation. With its extensive expertise and experience, LTTS has been serving clients across various sectors, including automotive, aerospace, industrial machinery, and medical devices.
L&T Technology Services Ltd (previously known as L&T Infotech) was established in 2012 as a subsidiary of Larsen & Toubro Limited. Over the years, the company has grown exponentially, expanding its global presence and establishing strategic partnerships with clients and industry leaders. L&T Technology Services Ltd offers a wide range of technology and engineering services to its clients.
11. Tata Elxsi
- Market Cap: ₹ 43246.94 Cr.
- Sales (latest quarter): ₹ 905.94 Cr.
- Net Profit (latest quarter): ₹ 196.93 Cr.
- Quarterly profit growth: -2.28 %
- Exchange: BSE, NSE
- Official Website: tataelxsi.com
Tata Elxsi Limited is a leading global design and technology services company. With a portfolio of cutting-edge offerings across various industries, Tata Elxsi is committed to creating innovative solutions that empower businesses and transform industries.
Tata Elxsi was established in 1989 as the IT arm of the Tata Group. Over the years, the company has expanded its operations and product offerings, catering to a wide range of sectors including telecommunications, media and entertainment, healthcare, and transportation. Tata Elxsi provides a range of comprehensive services tailored to meet the unique needs of its clients.
12. Mphasis
- Market Cap: ₹ 43173.21 Cr.
- Sales (latest quarter): ₹ 3412.05 Cr.
- Net Profit (latest quarter): ₹ 393.22 Cr.
- Quarterly profit growth: -2.98 %
- Exchange: BSE, NSE
- Official Website: mphasis.com
13. Tata Technologies Ltd
- Market Cap: ₹ 41791.97 Cr.
- Sales (latest quarter): ₹ 1301.05 Cr.
- Net Profit (latest quarter): ₹ 157.24 Cr.
- Quarterly profit growth: -27.39 %
- Exchange: BSE, NSE
- Official Website: tatatechnologies.com
Tata Technologies Limited is a global digital solutions and consulting company specializing in engineering, product development, and IT services. The company is part of the Tata Group, an Indian multinational conglomerate, and is headquartered in Pune, India.
Tata Technologies was established in 1989 as Tata Elxsi Limited. Over the years, the company has expanded its operations and acquired several technology companies, including Geometric Limited in 2007 and Tata Consulting Engineers in 2008. In 2016, Tata Elxsi Limited was renamed as Tata Technologies Limited to better reflect its diverse range of offerings. Tata Technologies offers a wide range of services across various industry verticals, including automotive, aerospace, defense, manufacturing, and healthcare.
14. KPIT Technology
Market Cap: ₹ 39949.61 Cr.
Sales (latest quarter): ₹ 1317.8 Cr.
Net Profit (latest quarter): ₹ 165.92 Cr.
Quarterly profit growth: 46.78 %
Exchange: BSE, NSE
Official Website: kpit.com
KPIT Technologies Ltd is a leading software and IT services company specializing in providing innovative solutions to automotive, industrial, and technology companies. With a strong focus on research and development, KPIT empowers organizations across industries to digitally transform their businesses.
KPIT Technologies Ltd was founded in 1976 in Pune, India. Over the years, the company has gained a reputation for delivering cutting-edge technologies that enable clients to navigate through complex business challenges. KPIT has successfully executed projects across various domains, including automotive engineering, embedded systems, digital solutions, and IT services.
15. Coforge
- Market Cap: ₹ 30731.22 Cr.
- Sales (latest quarter): ₹ 2358.5 Cr.
- Net Profit (latest quarter): ₹ 229.2 Cr.
- Quarterly profit growth: 42.25 %
- Exchange: BSE, NSE
- Official Website: coforge.com
Coforge Ltd is a leading IT services and solutions company that provides a range of services to businesses worldwide. With a strong focus on delivering high-quality solutions, Coforge has helped many clients achieve their business goals. This document provides an overview of Coforge Ltd, its offerings, and its success stories.
Coforge is a global digital solutions provider that leverages emerging technologies to deliver real-world business impact. Focusing on very specific industries and understanding the underlying processes provides us with a distinct perspective. By leveraging Cloud, Data, Integration, and Automation technologies, Coforge transforms client businesses into intelligent, high-growth enterprises. Across its core verticals, Coforge's proprietary platforms power critical business processes. 26 delivery centers are located in nine countries, and the firm operates in 21 countries.
16. Cyient
- Market Cap: ₹ 19238.58 Cr.
- Sales (latest quarter): ₹ 1860.8 Cr.
- Net Profit (latest quarter): ₹ 196.9 Cr.
- Quarterly profit growth: 7.82 %
- Exchange: BSE, NSE
- Official Website: cyient.com
Cyient Ltd is a global technology company specializing in engineering, manufacturing, and digital transformation solutions. With a strong focus on innovation and excellence, Cyient delivers services and solutions to industries including aerospace and defense, automotive, telecom, healthcare, and utilities.
Cyient was established in 1991 in Hyderabad, India, as a technology and engineering services company. Over the years, it has grown rapidly, expanding its presence across 21 countries with over 16,000 employees. Cyient Ltd offers a wide range of services across various industry verticals, including Engineering Services, Manufacturing Services, Digital Transformation, Data Analytics, Artificial Intelligence and Cybersecurity.
17. Birlasoft Ltd
- Market Cap: ₹ 16693.17 Cr.
- Sales (latest quarter): ₹ 1362.55 Cr.
- Net Profit (latest quarter): ₹ 180.08 Cr.
- Quarterly profit growth: 60.54 %
- Exchange: BSE, NSE
- Official Website: birlasoft.com
Birlasoft Ltd is a global IT services and consulting company that provides a range of services to businesses across various industries. With its strong focus on digital transformation, Birlasoft helps organizations adapt to changing business landscapes and drive growth.
Birlasoft Ltd was founded in 1995 by Kumar Mangalam Birla and is headquartered in Mumbai, India. The company initially focused on providing IT services to businesses in India but has since expanded its operations globally. Today, Birlasoft operates in various countries including the United States, the United Kingdom, Australia, and Singapore. Birlasoft Ltd offers a wide range of services across various industry verticals, including IT Consulting, Software Development, Cloud Services, Data Analytics, Enterprise Solutions and Digital Transformation.
18. Affle India
- Market Cap: ₹ 15945.28 Cr.
- Sales (latest quarter): ₹ 506.22 Cr.
- Net Profit (latest quarter): ₹ 87.49 Cr.
- Quarterly profit growth: 40.25 %
- Exchange: BSE, NSE
- Official Website: affle.com
Affle India Limited (AIPL) is a leading technology company in the field of mobile marketing. The company was founded on the principle of leveraging mobile advertising to drive customer engagement and monetization. With its innovative and dynamic approach, AIPL has established itself as a pioneer in the mobile advertising industry.
AIPL was founded in 2011 by Anuj Kumar and Rajul Garg, two entrepreneurs with a deep understanding of the mobile advertising landscape. The company quickly gained popularity for its ability to deliver targeted and personalized advertisements to mobile users.
19. Sonata Software
- Market Cap: ₹ 14448.89 Cr.
- Sales (latest quarter): ₹ 2191.61 Cr.
- Net Profit (latest quarter): ₹ 110.36 Cr.
- Quarterly profit growth: -3 %
- Exchange: BSE, NSE
- Official Website: sonata-software.com
Sonata Software Ltd is a leading software and technology company specializing in providing innovative solutions to businesses across various industries. With a strong focus on delivering high-quality products and services, Sonata has established itself as a trusted partner for clients worldwide.
Sonata Software Ltd was founded in 1994 by a group of talented professionals with extensive experience in the IT industry. The company initially focused on providing software and consulting services to small and medium-sized businesses. Over time, Sonata expanded its offerings and partnered with leading organizations across various sectors, including finance, healthcare, and telecommunications.
Sonata Software Ltd offers a wide range of products and services to support businesses in their digital transformation journey. Some of its key offerings include Software Development, Digital Transformation, Data Analytics, Cloud Services and Cybersecurity.
20. Zensar Tech.
- Market Cap: ₹ 13828.28 Cr.
- Sales (latest quarter): ₹ 1229.7 Cr.
- Net Profit (latest quarter): ₹ 173.3 Cr.
- Quarterly profit growth: 45.39 %
- Exchange: BSE, NSE
- Official Website: zensar.com
Zensar Technologies Ltd is a leading IT services and solutions provider company based in India. With a global presence across the Americas, Europe, and the Asia-Pacific regions, Zensar offers a wide range of services to its clients, including digital consulting, software development, and IT infrastructure management.
Founded in 1991, Zensar Technologies Ltd began its operations as a software development and consulting company. Over the years, the company has expanded its offerings to include IT infrastructure management, cloud services, and data analytics. Today, Zensar serves a diverse client base across various industries, including banking, financial services, healthcare, and telecommunications.
Zensar Technologies Ltd provides a range of services to its clients, including Digital Consulting, Software Development, IT Infrastructure Management, Cloud Services and Data Analytics.
Conclusion
The IT software industry in India has made remarkable progress and continues to be a crucial player in the global market. Companies like TCS, Infosys, Wipro, and others have set high standards through their services and innovations. As technology evolves, these companies are well-positioned to lead the next wave of digital transformation.
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