India is a hub for many Information Technology (IT) companies. Amongst them, Tata Consultancy Services (TCS) and Infosys find themselves in the list of top 10 IT companies in the world. IT companies in India directly recruit around 4 million people. It is estimated that almost 10 million earn their livelihood through indirect recruitment in the IT industry. The estimates of revenue generated are around US$ 180 billion. The IT sector in India is a pivotal pillar of GDP. India is a leading IT destination across the world as we have almost 55 per cent of the world’s market share, ranging nearly US$ 195 billion. Some bug bulls of the IT industry are the topmost in the world, too. They find clients from around the globe. Companies from the USA, UK, APAC, Europe and several other parts of the world do fly down to India for the services of our IT giants such as Tata Consultancy Services, Infosys, Wipro, etc. Here is detailed information regarding the top 10 IT companies in India for revenue, profit, market share, and other factors.
Tata Consultancy Services
TCS finds itself in the 374th position on the Forbes Global 2000 list. It is compiled to rank the world’s 2000 largest publicly traded companies, of which 57 are Indian. Established on 1st April 1968 Founder- Faquir Chand Kohli, Tata Sons, JRD Tata Present CEO- Rajesh Gopinathan Headquarters- Mumbai, India Stock Price- TCS (NSE) Rs. 2,010.00 -95.50 (-4.54%), 28th Feb 3.30 pm IST Disclaimer Revenue- 20.90 billion USD Market Capitalization- 6793.32 billion Tata consultancy services are the world’s largest IT service provider featuring in all the prominent rank lists. TCS, along with its 58 subsidiaries, provides a wide range of products and services. TCS BaNCS and TCS MasterCraft are among the firm’s prominent software products. TCS provides services across the globe for the following: Application development and maintenance, Asset leverage solutions, Assurance services, Business process outsourcing, Consulting Engineering and industrial services, Enterprise solutions, and IT infrastructure services. Having 285 offices across 46 countries, Tata Consultancy Services delivers its services to 21 nations. It is the fourth largest employer in India and first in the private sector. An army of 4,46,675 employees is responsible for where TCS stands today. TCS established the first software research development centre in India in Pune in 1981. One of the key products of this centre is TATA Swach, a low-cost purifier that was extensively deployed during the relief activities of the Indian Ocean Tsunami 2004.
Infosys
Established on 7th July 1981 Founder- N R Narayana Murthy, Nandan Nilekani Present CEO- Salil Parekh Headquarters- Bangalore, India Stock Price- INFY (NSE) Rs. 732.00 -45.85 (-5.89%), 28th Feb 3.30 pm IST Disclaimer Revenue- 1,238.80 crores USD Market Capitalization- 321.39 billion Ranked at 643 in the Forbes Global 2000 list Infosys is the 2nd largest IT companies in India. It is a venture by seven engineers that includes the iconic N R Narayan Murthy, Nandan Nilekani, S D Dhibulal, S Gopalakrishnan, K Dinesh, N S Raghavan and Ashok Arora. Infosys deals in business consulting, outsourcing and information technology. Finacle by Infosys is a universal banking solution that is extensively used for efficient bank functioning. Other key products of Infosys include NIA- Next Generation Integrated AI Platform Infosys consulting Infosys information platform EdgeVerve Systems Panaya Cloud Suite Skava Employee strength of 2,43,454 in 82 sales and marketing offices, and 123 developmental centres are responsible for the soaring success of Infosys. It also boasts of being the world’s largest corporate university situated in Mysore. In 209, Infosys was ranked as the 3rd best-regarded Company in the world by Forbes.
Wipro
Established on 29th December 1945 Founder- M H Hasham Premji Present CEO- Abidali Neemuchwala Headquarters- Bangalore, India Stock Price- WIPRO (NSE) Rs. 222.40 -9.20 (-3.97%), 28th Feb 3.30 pm IST Disclaimer Revenue- 8.47 billion USD Market Capitalization- 131.231 billion Though Wipro started in 1945, the IT domain of this firm set off in 1980. Today, the Company has managed to accumulate a market capital of 24.4 billion USD. It stands at 857th position in the Forbes Global 2000 list, becoming the third Indian IT firm to make the list. In 2002, Wipro became the first Company to be certified ISO 14001. It provides business, consulting and software development services around the globe and is among one of the most trusted Indian Companies. It was in 2014 when Wipro signed a 10-year pact with ATCO in energy dealings. The key focus of Wipro is on machine learning, analytics, and data sciences. At present, it is keenly interested in the massive investment in blockchain technologies. A workforce of 1,71,425 employees around the six continents makes it a huge employer. The diverse portfolio of services provided by Wipro is the hard work and dedication of its employees.
HCL Technologies
Established on 11th August 1976 Founder- Shiv Nadar, Arjun Malhotra Present CEO- C Vijaykumar Headquarters- Noida, Uttar Pradesh Stock Price- HCLTECH (NSE) Rs. 539.00 -34.05 (-5.94%), 28th Feb 3.30 pm IST Disclaimer Revenue- 9.3 billion USD Market Capitalization- 156.414 billion HCL Technologies is ranked at 879th position in the Forbes Global 2000 list. The Company was founded in 1976, but it was only in 1991 that HCL decided to enter the software service business. Today, HCL Technologies is a subsidiary of Vamasundari Delhi, with a chain of entities between them. The key services of HCL Technologies are Application Services and System Integrations, Business Services, Engineering and R&D Services, Infrastructure Management Services, loT Works, and DRYICE Digital & Analytics Cybersecurity. HCL Technologies has offices in 44 countries, including Australia, the UK, America, Denmark, etc. It has spread its wings with the help of 1,47,123 employees who are dedicated to the growth of the Company. The esteemed clients of HCL Technologies include 250 companies from the Fortune 500 and 650 from the Global 2000 list that, includes aerospace, defence, automotive, banking, capital markets, hi-tech, hospitality, transport, manufacturing, retail, logistics and travel.
Tech Mahindra
Established on 24th October 1986 Founder- Anand Mahindra Present CEO- C P Gurnani Headquarters- Pune, India Stock Price- TECHM (NSE) Rs. 738.70 -5.70 (-0.77%), 28th Feb 3.30 pm IST Disclaimer Revenue- 4.9 crores USD Market Capitalization- 747.49 billion Tech Mahindra is ranked at 1543rd position in the Forbes Global 2000 list that has Worlds largest Public Companies. It is the 5th largest IT firm in India. In 2013, Tech Mahindra announced a merger with Mahindra Satyam, and today, it proudly boasts 946 clients worldwide. Today, Tech Mahindra works for banking, insurance, telecom, media, energy, transportation and retail outlets. Here are a few highly integrated platforms generated by Tech Mahindra to boost business into the digital era. CareXa (Next Gen Customer Care) SOCIO (Social Media Management) UNO (Robotic Process Automation) PRISM FQCC CAP (Cloud Aggregation Platform) Tech Mahindra has the following services to offer- Cloud Customer experience Enterprise architecture Analytics Mobility Services Network Services Security and risk management With a strength of 1,31,522 employees spread in 90 countries, Tech Mahindra continues to grow and spread the legacy of outsourcing, consulting and software services.
Oracle financial services
Established in 1990 Founder- Rajesh Hukku Present CEO- Chaitanya M Kamat Headquarters- Mumbai, India Stock Price- OFSS (NSE) Rs. 2,671.10 +22.70 (-0.86%), 28th Feb 3.30 pm IST Disclaimer Revenue- 45.27 billion USD Market Capitalization- 221.70 billion Oracle Financial Services was started in the year 1990. Its headquarters is situated in Mumbai, India. It is a subsidiary of Oracle Corporation that provides IT solutions to the banking industry. Oracle has been serving more than 900 clients in 145 countries. Oracle Financial Services started as Citicorp Oversea Software Ltd. Later, after a merger, it was named Citicorp Information Technologies Industries Ltd. (CITIL). Oracle major provides for the banking sector, and the first software created under the name of CITIL was MicroBanker. It was extensively used in many parts of the world. Later, Finware and FLEXCUBE were also invented to serve the retail banking sector. Oracle Financial Services deals in two products, i.e. banking and prime sourcing. Lately, it has also launched products for The internal capital adequacy assessment process, Exposure management, Enterprise performance management, and Energy and commodity trading compliance. A subsidiary with the name Equinox Corporation based in Irvine, California, looks after BPO, i.e. business process outsourcing. The Company employs 8,818 skilled workers for its growth.
Mindtree
Established on 18th August 1999 Founder- Subroto Bagchi, Krishnakumar Natarajan, Ashok Soota, Anjan Lahiri Present CEO- Debashis Chatterjee Headquarters- Bangalore, India Stock Price- MINDTREE (NSE) Rs. 989.00 -0.05 (-0.01%), 28th Feb 3.30 pm IST Disclaimer Revenue- 1 billion USD Market Capitalization- 163.05 billion Mindtree has more than 339 clients that it serves through the 43 offices in 18 countries. Larsen & Turbo is Mindtree's parent company. It deals in cloud computing, digital transformation, e-commerce, mobile applications, data analytics, enterprise application integration, and enterprise resource planning. Mindtree also provides research and development services that are Bluetooth Solutions, Digital Video Surveillance, MindTest – an integrated test methodology MWatch- an IT infrastructure management and service program, and Application management service Atlas SAP insurance Omni Channel with multiple clients from the banking, capital market, consumer devices & electronics, consumer Packed Goods, Independent Software Vendors, Insurance, manufacturing, Media & Entertainment, Travel & Hospitality, Retail, Semiconductors etc. MindTree provides for almost all industries. With a staff of 20,000 employees who represent 65 nations, MindTree has found a place as one of the leading IT companies.
Larsen & Turbo Infotech
Established on 23rd December 1996 Founder- a subsidiary of Larsen & Turbo Ltd. Present CEO- Sanjay Jalona Headquarters- Mumbai, India Stock Price- LTI (NSE) Rs. 1,895.25 -3.40 (-0.18%), 28th Feb 3.30 pm IST Disclaimer Revenue- 1.3 billion USD Market Capitalization- 327.60 billion Larsen and Turbo Infotech is among the top 15 IT companies in the world according to the Everest Group's Peak Matrix. It was also recognized as one of the top 10 loT service providers by HFS Research, and in 2020, L & T Infotec managed to enter the Nifty Next 50 Index. The vital services of the enterprise are:- Cloud Consulting, Cloud and Infrastructure service Assurance, and Cyber Defense Resiliency Service Application Management. The integration platforms of L & T Infotech are- Mosaic Unitrax REDaxis ICEOn Advanced SmartCity Operating Platform Rapid Adopt L & T Infotech serves many industries such as the banking and financial sector, insurance, energy & utilities, CPG & Retail, HiTech, Life Sciences & Healthcare, Media & Entertainment, Manufacturing etc. The huge workforce consists of 31,419 people who work in 32 countries and go the extra mile to help more than 420 clients across the world.
Mphasis
Established in June 2000 Founder- Jerry Rao, Jeroen Tas Present CEO- Nitin Rakesh Headquarters- Bangalore, India Stock Price- MPHASIS (NSE) Rs. 839.00 -34.45 (-3.94%), 28th Feb 3.30 pm IST Disclaimer Revenue- 1.1 billion USD Market Capitalization- 156.14 billion Mphasis provides the following services to its clients from the financial service, telecom, logistics and technology industry. Infrastructure technology and application outsourcing services Architecture guidance Application development and integration Application management services Mphasis is ranked 7th top IT companies in India and 189th in the world by Fortune India 500. It delivers to clients across the globe. With more than 60 delivery centres in 19 countries and a staff of 22,239 employees, Mphasis has the potential to grow and be at the top of its business.
Cyient
Established in 1991 Founder- B V R Mohan Reddy Present CEO- Krishna Bodanapu Headquarters- Hyderabad, Telangana, India Stock Price- CYIENT (NSE) Rs. 418.00 -2.90 (-0.69%), 28th Feb 3.30 pm IST Disclaimer Revenue- 40.69 billion Market Capitalization- 45.97 billion Cyient was previously known as Infotech Enterprises Limited. Headquartered in Hyderabad, Cyient has offices in 21 countries to serve global clients. The primary industries that Cyient serves are Aerospace & Defence, Automotive, Communication, Energy, Geospatial, Industrial & Heavy Equipment, Medical Technology & Healthcare, Mining, Oil & Gas, Power Generation, Rail Transportation, Semiconductor, utilities etc. Cyient Limited designed "software-enabled engineering & geographic information system services (GIS)" in 2017. Out of multiple accolades, Cyient holds the Indo-American Corporate Excellence Award for three consecutive times. It is the best Indian Company in the US in the technology and communication category. Cyient also found a place among the top 30 outsourcing companies in the world. India is leading t he world in every field, and the above companies, their revenue, market capitalization, etc., are proof of the development.
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