India is one of the strongest players in the IT sector with many big companies. According to the Ministry of Electronics & Information Technology Government of India, it is projected that India’s technology exports are set to reach US$178 billion.
Advances in cloud services, Artificial Intelligence (AI), Internet of Things (IoT), machine learning, robotics, etc lead Indian companies to a very new level.
So here is the list of the top 10 biggest IT companies in India by revenue in 2023.
1. Tata Consultancy Services
Revenue: ₹1,91,754 crore
Well Tata Consultancy Services, also known as TCS is the biggest IT company in India by revenue with a far bigger margin. Its revenue clocks at ₹1,91,754 crore, which is astonishing.
TCS is backed by India’s Biggest conglomerate TATA Group. The company has operations in more than 48 countries and has over 600,000 employees.
The company was founded in 1968 as Tata Computer Systems later changed to TCS. In 2004 it became a listed company and is listed in both NSE and BSE. It is also the biggest IT company in India by market capitalisation.
2. Infosys
Revenue: ₹1,21,641 crore
The second biggest IT company in India Infosys is one of the biggest IT companies in the world with an annual revenue of ₹1,21,641 crore.
The company has more than 335,186 employees and it is listed on both the Indian stock exchange as well as the NYSE. Infosys operates on software development, maintenance and independent validation services to companies in finance, insurance, etc.
Infosys was founded in 1981 by seven engineers; N. R. Narayana Murthy, Nandan Nilekani, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh, N. S. Raghavan, and Ashok Arora.
3. HCL Tech
Revenue: ₹85,651 crore
Headquartered in Noida, HCL Tech is one of the biggest IT Companies in India by revenue with an annual revenue of ₹85,651 crore. The company was formed in 1976 by Shiv Nadar and other seven of his co-workers.
The company originally focused on hardware and later shifted to software and consultancy services. HCL Tech has offices in 52 countries and it has over 210,000 employees.
HCL Tech has clients in various industries such as Financial Services, Manufacturing, Telecommunications, Media, Publishing, Entertainment, Retail & CPG, Life Sciences & Healthcare, Oil & Gas, etc.
4. Wipro
Revenue: ₹79,312 crore
Wipro guided by Azim Premji is the 4th biggest IT company in India with an annual revenue of ₹79,312 crore, which is almost US$10 billion.
The company has more than 1,70,000 employees globally, with operations in over 50 countries globally. Wipro provides services, application development and maintenance, consulting, cloud services, data analytics, cybersecurity, etc.
Wirpo is famous globally and one of the strongest IT players in industries like banking and finance, healthcare, retail, telecommunications, and engineering services.
5. Redington
Revenue: ₹64,644 crore
Redington India Limited is an Indian IT services company, started in the year 1993. The company deals with mobile handsets and accessories, IT services, artificial intelligence, big data analysis, 5G communications, Internet of Things (IoT) and supply chain management.
It is one of the biggest IT companies in India in terms of revenue with an annual revenue of ₹64,644 crore. Redington serves more than 30 emerging countries across the world.
6. Tech Mahindra
Revenue: ₹44,646 crore
Part of the conglomerate Mahindra Group, Tech Mahindra is one of the biggest IT companies in India. It has annual revenue of ₹44,646 crore.
The company has operations in more than 90 countries across the world with more than 1,58,000 workforces. Tech Mahindra has its headquarters in Mumbai, Maharashtra.
Tech Mahindra has more than 1200 active clients across various industries. Anand Mahindra is currently serving as the chairman while C.P. Gurnani is the CEO.
7. LTIMindtree
Revenue: ₹15,668 crore
LTIMindtree Limited is one of the biggest Indian IT companies with annual revenue of ₹15,668 crore. It is a subsidiary of Larsen & Toubro, incorporated in 1996.
It has more than 90,000 employees and provides services in as many as 30 countries across the globe. LTIMindtree has a client base in many industries like banking and financial services, insurance, healthcare, retail, etc.
8. Mphasis
Revenue: ₹11,961 crore
Mphasis Limited is an Indian IT services and consulting company listed on the Indian stock exchanges. It has headquarters in Bangalore, Karnataka.
The majority of the company is owned by the Blackstone Group and Nitin Rakesh is currently operating as the CEO. With an annual revenue of ₹11,961 crore, Mphasis is one of the biggest IT companies in India.
The company provides infrastructure technology and applications outsourcing services, and along with that it also provides architecture guidance, application development and integration, application management services, etc.
9. Coforge
Revenue: ₹6,432 crore
Coforge, earlier known as NIIT Technologies is an Indian IT service provider based in Noida, India. Along with India, it provides its service to various other European, North American, and Asian countries.
The company was founded in 1981 and it is listed in both NSE and BSE. It is owned by Baring Private Equity Asia with a 40% share in the company.
Coforge provides services in areas such as application development and maintenance, infrastructure management services, and outsourcing. With an annual revenue of ₹6432 crore, it is one of the biggest IT companies in India.
10. Persistent Systems
Revenue: ₹5,710 crore
Persistent Systems is an Indian IT services company operating in various countries across the world. It has headquarters in Pune, Maharashtra, India.
The company was started in 1990 by Anand Deshpande and it is growing since. Persistent Systems has more than 21,000 employees and it is the 10th biggest IT company in India as of March 2023.
Persistent Systems provides software services to various industries including healthcare, banking, telecommunication and more.
List of Top 10 Biggest IT Companies in India By Revenue 2023
| Rank | IT Company | Revenue |
|---|---|---|
| 1 | TCS | ₹1,91,754 crore |
| 2 | Infosys | ₹1,21,641 crore |
| 3 | HCL Tech | ₹85,651 crore |
| 4 | Wipro | ₹79,312 crore |
| 5 | Redington | ₹64,644 crore |
| 6 | Tech Mahindra | ₹44,646 crore |
| 7 | LTIMindtree | ₹15,668 crore |
| 8 | Mphasis | ₹11,961 crore |
| 9 | Coforge | ₹6,432 crore |
| 10 | Persistent Systems | ₹5,710 crore |
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