Top 10 IT Companies In India [2023]

Are you looking for the best IT companies in India? We have rounded up the top IT companies of India (with NSE/BSE registered public companies) that offer a wide range of products and services to help you choose the best from dozens of IT companies all around the nation.

There’s no doubt in the fact that the role of IT is indispensable. Through thick and thin, it has proved to be one of the crucial industries, especially during the Covid-19 era. IT is mainly used in the context to support other business operations. When the business requests new capabilities, and then IT companies turn around and find a way to deliver these capabilities in order to drive new opportunities and open new avenues through innovations and increased efficiencies.

These companies enable new sources of revenue and increase operational efficiencies to maximize shareholder value. That is why we have IT to begin with cause it’s the driver’s seat of technology, for a number of reasons, including risks like cyber-attacks, and the integrity of the systems.

The IT companies ensure 3 core areas such as deploying and maintaining business applications, services, and infrastructure (servers, networks, storage); monitors, optimizing, and troubleshoots; and, overseeing the security and governance of applications, services, and infrastructure.

Now that, you’ve understood the importance of IT companies, so without further ado, let’s take a closer look at all the best IT companies in India in 2023.

Related: Best of Indian Companies

Top 10 IT Companies in India

With the development of companies in other sectors and due to the pandemic, the IT industry has grown multifold. Here are the best IT companies in India ranked based range of services, products, market capitalization, and other details.

1. Tata Consultancy Services (TCS)

Tata Consultancy Services is one of the finest IT companies in India founded on 1 April 1968 as an IT division of Tata Sons. The company started with FC Kohli appointed as a General Manager responsible for the management and technology consultancy that would create demand for downstream computer services.

TCS has been ranked among the top three most valuable brands in the global IT services sector and named the fastest-growing IT services brand. Moreover, the company has also been ranked as the Top Employer globally by the Top Employer Institute, and among the Best Employers by Forbes.

Services:

It offers services in the business areas of security, automation, engineering, consultation, analytics, etc. in all major industries including insurance, retail, energy, consumer, healthcare, travel, and many more. Currently, the company has a market cap of 12.77L Cr. along with a massive employee base of over 592,195 employees representing 153 nationalities across 46 countries.

2. Infosys

Infosys is one of the best IT companies in India founded in 1981 in Pune by N.R. Narayana Murthy. The company is presently headed by CEO & MD Salil Parekh with its headquarters in Bengaluru. The company’s total revenue is USD 16.31 Billion and provides employment to over 300,000 people with a presence in over 50 countries.

Services:

The wide range of services offered by Infosys includes digital commerce, digital workplace, Applied AI, Data Analytics, Blockchain, Engineering Services, IoT, API Economy & Microservices, Application Modernization, Digital Process Automation, Supply Chain, Salesforce, Cyber Security, Testing, Cloud Business and more.

Moreover, it caters to IT solutions to over dozens of Indian Industries such as Aerospace, Agriculture, Automotive, Communication, Consumer packaged goods, Education, Engineering Procurement, Financial Services, Healthcare, Insurance, Life Sciences, Logistics, Mining, Oil & Gas, Travel, and others.

3. Wipro Limited

Wipro is a leading global IT company in India. The company was incorporated and founded by M.H. Hisham Premji in the year of 1945. The company has its headquarters in the Indian Silicon Valley, aka, Bengaluru, Karnataka. The present CEO and Chairman of Wipro are Mr. Thierry Delaporte and Mr. Rishad Premji respectively.

In the current fiscal year, the company has a workforce of over 41 thousand employees worldwide and in India, it’s whopping over 159 thousand employees. Wipro reported a net profit for the Q4 of Rs. 3092 Crores.

Services:

Wipro offers a wide range of services mainly in business areas of Data, Analytics, AI, Applications, Digital Operations and platforms, Consulting, Cyber Security, and Infrastructure Services. The Industries it targets include Aerospace, Automotive, Banking, Electronics, Education, Healthcare, Packaged Goods, Media, Pharma, Software, and others.

4. HCL Technologies

HCL Technologies is one of the top 10 IT companies in India. The company was established and founded by Shiv Nadar in 1991. The company has its headquarters in the heart of India which is Noida (Delhi NCR). The present CEO and Chairwoman of Wipro are Mr. C Vijayakumar and Mrs. Roshni Nadar Malhotra respectively.

In the current FY, the company has a massive workforce of over 208 thousand worldwide and in India, it’s a whopping over 159 thousand employees. Wipro reported a net profit for the Q4 of Rs. 3593 Crores.

Services:

HCL Tech offers services mainly in areas such as Engineering, R&D services of products, platforms, operational tech, digital foundation, digital business, and digital operations. Moreover, it also focuses on Strategic Alliance Partner Ecosystem, Industry Ecosystem, Startup Ecosystem, and Industry Software for all major Industries.

5. Tech Mahindra

Tech Mahindra Limited is a part of Mahindra Group, bound by one purpose – to Rise and undoubtedly make it one of the top IT companies in India. Incorporated in 1986 and founded by Mr. Anand Mahindra. The company is headquartered in Pune, India, and has 187 office locations across 55 countries.

The present CEO and MD of Tech Mahindra are Mr. C. P. Gurnani while Mr. Anand Mahindra is the Chairman. The company has a workforce of more than 150,000 employees worldwide. Tech Mahindra reported a total revenue of 36,248 Crores for the current financial year.

Services:

The service offered by Tech Mahindra is aligned with the changing world of customers with services ranging from designing a strategy to delivering impacts such as network services, designing services, engineering, telecom, SAP, cloud services, and Infrastructure.

6. Mphasis Limited

Mphasis Limited is another one of the best IT companies in India. The company was incorporated and founded by Mr. Jerry Rao and Mr. Jeroen Tas in the year of 1998. The company has its headquarters in the Indian Silicon Valley, aka, Bengaluru, Karnataka. The present CEO and Chairman of Mphasis are Mr. Nitin Rakesh and Mr. Davinder Singh Brar respectively.

In the current fiscal year, the company has a workforce of over 30 thousand employees worldwide and was ranked #7 in India IT companies and overall #189 by Fortune India 500. Mphasis reported a revenue of Rs. 9722 Crores.

Services:

Wipro offers a wide range of services mainly in the business areas of Application Services, Data Engineering, Testing Services, CRM, Enterprise Resource Planning (ERP), Blockchain, Cyber Security, DevOps, and Business Process Services. Moreover, it caters to all major industries insurance, Hi-Tech, Healthcare, and Hospitality.

7. LTI Mindtree Limited

Mindtree Ltd is one of the top IT companies in India. The company was established and founded by Mr. Ashok Soota, Mr. Subroto Bagchi‎, and others in 1999. The company has its headquarters in Bengaluru, India. The company is presently headed by CEO Mr. Debashis Chatterjee.

In the current FY, the company has a massive workforce of over 25 thousand in India. Mindtree reported total revenue of Rs. 10,832 Crores for the financial year.

Services:

The services offered by Mindtree are data Intelligence, Consulting, workforce engagement, Digital Marketing, Ecommerce, Process Automation, Salesforce, Design, DataOps and Management, Digital Security, Hyper Automated Infrastructure, DevSecOps, and cloud services.

8. Hexaware Technologies

Hexaware Technologies is another one of the best IT companies in India. The company was incorporated and founded by Mr. Atul K. Nishar in the year of 1990. The company has its headquarters in the financial capital of India, Navi Mumbai. The present CEO and Chairman of Mphasis are Mr. R Srikrishna and Mr. Rajeev Kumar Mehta respectively.

In the current fiscal year, the company has a workforce of over 25 thousand employees worldwide with 37 offices in over 30 countries. The company reported total revenue of USD 1 billion in the present FY.

Services:

Hexaware Technologies offer services such as business intelligence & Analytics Services, Business Process Services, Marketing, Finance, IoT, Data Modernization, Insurance, Healthcare, Autonomous Testing, digital core transformation, Digital IT Ops, Enterprise & Next Gen Cloud Solutions, and more.

9. L&T Technology Services (LTTS)

L&T Technology Services (LTTS) is a division of global leading giant Larsen & Toubro and one of the best IT companies in India. The company was established and founded by Amit Chadha in 2012. The company has its headquarters in Vadodara, Gujarat, India. The present Chairman of LTTS is Mr. A. M. Naik.

In the current FY, the company has a massive workforce of over 19 thousand in India. The company reported its total revenue of USD 232 million with a Net profit of Rs. 2620 Crores for the present fiscal year.

Services:

HCL Tech offers services mainly in areas such as Product Engineering, Manufacturing Engineering, Operations, and Consultancy. Moreover, it deals in the business of security, software, testing, mechanical design, product strategy, industry 4.0, and more.

10. Quess Corp Limited

Quess Corp Limited is an Indian business services provider established in 2007 and headquartered in Bangalore, India. This IT company in India is currently managed by Ajit Isaac as the Chairman. Quess has a presence in over 1,600 cities and towns in India and has a workforce of over 1.5 million people. The company is listed on the National Stock Exchange and the Bombay Stock Exchange. It has received several awards, including the “India’s Best Managed Companies” award from the Economic Times in 2019.

Services:

It provides integrated business services, technology solutions and services, and staffing solutions to businesses of all sizes in India. Quess services include a range of IT, BPO, HR, and other services. It also provides services such as business process outsourcing (BPO), recruitment process outsourcing (RPO), staffing solutions, payroll, and corporate training.

Future of the IT Sector in India

The Information Technology (IT) sector in India has come a long way in the past two decades. From being a largely untapped market in the early 2000s, India is now a leading player in the global IT industry. With its huge pool of talented engineers and low-cost labor, India has emerged as the go-to destination for outsourcing IT services. The future of the IT sector in India looks very promising.

With the advent of 5G technology, India is poised to be the next big player in the global IT market. The growth of the sector is driven by the increasing demand for IT services in different sectors such as banking and finance, healthcare, retail, education, and manufacturing. The Indian government’s initiatives such as Digital India, Make in India, and Startup India is further boosting the IT sector in India.

These initiatives are providing a conducive environment for the growth of the IT sector in India. The government is also taking steps to promote the IT sector by providing tax incentives, subsidies, and other incentives to IT companies. This will help attract more investments in the sector.

The emergence of new technologies such as artificial intelligence (AI), machine learning (ML), and blockchain is also providing a boost to the IT sector in India. These technologies are being used in different sectors to automate processes and improve efficiency. In addition to this, the increasing penetration of the internet and the growing number of mobile users in India are further fuelling the growth of the IT sector.

As more and more people get access to the internet, the demand for IT services is expected to increase. The future of the IT sector in India is very bright. With the right policies and investments, India can become a leading player in the global IT market. The government must continue to provide incentives to IT companies and promote the use of new technologies. This will help create more jobs and contribute to the growth of the IT sector in India.