15 Biggest Indian Tech Companies

In this article we will talk about 15 largest Indian technology companies. If you want to skip our detailed analysis of Indian tech companies, go straight to 5 Biggest Indian Tech Companies.

Information Technology (IT) is the most popular industry in the world today. This is because it can make users’ ideas come true. Technologies, machine learning, networking, cloud computing, web technologies, internet of things and mobile technologies and more are being developed by IT businesses. IT services and business process outsourcing (BPO) are the two major segments of the Indian information technology sector.

Top Indian IT companies like Infosys, Wipro, TCS and Tech Mahindra are expanding their offerings and introducing cutting-edge concepts like blockchain and artificial intelligence to customers, using innovation centers and research and development centers to build differentiated products. In the year In 22, the IT sector contributed 7.4% of India’s GDP. In the year It is expected to account for 10% of India’s GDP by 2025.

In the year By 2022, technology has enabled businesses to adapt to a dynamic market by enabling them to operate online, customize their products and services, and collaborate with both foreign and Indian end users in a decentralized business model. Therefore, in 2022 India’s technology sector recorded the highest growth of 15.5% and the highest revenue of $227 billion. Platforms and XaS (anything as a service) were critical to driving technology adoption, and it was the start-up year for tech startups to jump into scale-up mode.

Another significant milestone recorded by the sector is reaching 5 million total direct workers, which is an increase of 445 thousand more than ever before. Technology businesses’ rapid adaptation to hybrid work models has fueled the industry’s “people first, employee-centric” strategy and the industry’s expanding digital capabilities/capacity building initiatives.

The story continues

India’s IT core capabilities and qualities have attracted significant investment from key countries. From April 2000 to June 2021, India’s computer software and hardware industry received a cumulative foreign direct investment (FDI) of $74.12 billion. In the year Between 2016 and 2020, Japanese investments in India’s IT sector have quadrupled. During the review period, 9.2 billion dollars were invested.

According to Nasscom research, India’s software product sales are expected to reach $30 billion by 2025 as local enterprises expand their global footprint and a large number of new competitors enter the market.

Additionally, according to Gartner, Inc. Global inflation and currency depreciation.

Source: pexels

“Inflation has not affected enterprise spending on technology globally and India is no exception to this trend,” said Arup Roy, VP analyst at Gartner. “Headwinds benefit technology as businesses realize how going digital can benefit them in the long term. Depending on the maturity level of the digital enterprise, the spending context may be different for different businesses, but overall technology spending will continue to increase through 2023.”

The rapid expansion of the IT and technology sectors in India and abroad has opened up vast career opportunities for qualified individuals. With the growing demand for digital transformation and automation, there is a need for skilled workforce in data analytics, cyber security, cloud computing and software development. Additionally, current projections indicate that 300,000 jobs will be created in India’s IT sector by 2023!

Our method

This article examines the 15 largest Indian IT companies. Shares are ranked in ascending/descending order by their total number of employees. Most of the information was obtained from each company’s website. We’ve also got useful additional information about each company, including its revenue, customer base and assets.

India’s largest tech companies

15. Ola

Number of employees: 7000

In India, Ola operates a mobile technology platform that connects urban transportation to customers and driver partners. The smartphone application allows customers to book taxis, auto-rickshaws, motorcycles and shuttle buses. Customers can use the Ola smartphone app to book city taxis, outbound travel, car rentals and corporate travel services. Its mobile app is accessible on Windows, Android and iOS devices. Ola was launched on December 1, 2010 by Ankit Bhatti and Bavish Agarwal. It is headquartered with additional offices in Bengaluru, India. 7,000+ employees work tirelessly to provide the highest technology and support to its users.

14. Baijus

Number of employees: 11,080

BYJU’S is a global ed-tech company serving more than 150 million students worldwide with highly adaptive, engaging and effective learning solutions. BYJU’S was established in India in 2011 with the aim of making high quality education accessible to students around the world. Along with the company’s recognized flagship product BYJU’S – Learning App, the BYJU’S family of products includes Disney-BYJU’S Early Learn, BYJU’S FutureSchool, Epic!, Osmo, Tynker, Toppr and WhiteHat Jr. BYJU’s solutions work together to support pre-K. – 12 lessons as well as extensive competitive challenges. Blue-chip investors support BYJUS. The company has acquired more than 15 businesses since 2017, including those in the United States, the United Kingdom, Austria, India and Singapore. BYJU’S is valued at $22 billion by March 2022.

13. Birlasoft Ltd (NSE:BSOFT.NS)

Number of employees: 12,565

Birlasoft Ltd (NSE: BSOFT) was founded in 1995 as part of the CK Birla Group. Birlasoft offers its clients a range of digital and IT-related services in software development, package deployment, application management and testing, and enterprise and digital technologies. Birlasoft grew core revenue by 17% year-on-year at constant currency in FY22 due to demand for digital services (cloud and digital transformation) and business and technology transformation. The company employs a total of 12,565 people.

12. One 97 Communications Ltd (NSE:PAYTM.NS)

Number of employees: 17,964

One97 Communications is the parent company of Paytm, a leading mobile payments and financial services company. Vijay Shekhar Sharma launched One97 Communications in 2011. It started in 2000. The business has filed its offer document for the largest initial public offering (IPO) in India’s history in July 2021. Listed on Indian stock markets on November 8, 2021. The company provides customers and merchants in India with various digital payment and financial services through its network of branches and enterprises. Additionally, it offers mobile marketing, payments and advertising for businesses.

11. Coforge Ltd (NSE:COFORGE.NS)

Number of employees: 22,000

Coforge Ltd (formerly NIIT Technologies) is a medium-sized Indian IT services company founded in 1981. The company offers image recognition, RPA, NLP, workflow automation, deep learning, machine learning, multi-currency, multi-lingual, and multi-channel experiences. Coforge Ltd has an order book of $720 million.

ING Group, SEI Investments, British Airways, Saber and SITA are the company’s prominent international clients. Coforge Ltd has established subsidiaries in US, Singapore, Australia, UK, Germany and Thailand. Large IT companies across the globe have business relationships with the company. With technology and subject matter expertise, Coforge’s more than 22,000 professionals help clients improve their organizations.

10. Hexaware Technologies Ltd

Number of employees: 29,695

Hexaware Technologies offers IT consulting, software development and business process outsourcing. Data modernization, cloud services, Internet of Things, independent testing, technical advice and consulting, API and integration, application security assurance, data visualization and marketing are some of the services offered by the company. It is a private company and has worked in the field for 33 years.

The company had $971 million in sales revenue. Atul Nishar is the founder and chairman of the company and R Srikrishna is the CEO of the company. The organization has a total of 29,695 employees. The nerve center of the company is in Mumbai. The company has 37 offices around the world.

9. LTI Mindtree Ltd (NSE:LTIM.NS)

Number of employees: 120,000

Larsen & Toubro (L&T) has completed the merger of its IT services companies Larsen & Toubro Infotech (LTI) and Mindtree (LTIM) to create the new LTI Mindtree (NSE:LTIM). L&T, the parent business, holds 68.73% stake in the merged entity. L&T Infotech CEO and MD Sanjay Jalona has resigned and Mindtree CEO Debashis Chatterjee is heading the combined company.

The firm provides a range of IT services including testing, analytics, artificial intelligence and application development and maintenance (ADM). LTI Mindtree employs more than 120,000 people in 30 countries and five continents. LTI Mindtree’s revenue for the next fiscal year is expected to reach $5 billion.

8. Tech Mahindra (NSE:TECHM.NS)

Number of employees: 151,173

Founded in 1986, Tech Mahindra Limited is a large business in the IT software industry. The company has a market capitalization of $12.01 billion, employs 151,173 people in 90 countries, and serves 941 global clients, including Fortune 500 corporations. It is one of the top IT companies in India. Tech Mahindra is part of the Mahindra Group.

Tech Mahindra Limited’s operating revenue is expected to reach INR 44,646 billion ($5.49 billion) in 2022. Driven by strong interest in all verticals of the company. The company’s IT services sector generates 88 percent of revenue, while business process outsourcing generates 12 percent of revenue.

7. HCL Technologies (NSE:HCTCH.NS)

Number of employees: 219,325

HCL Technologies Limited is a company engaged in computer programming, consulting and other related services. It operates through three divisions: Software Services, Information Technology (IT) and Business Process Outsourcing Services. Its IT and business services segment generated 72% in FY22. The company provides multi-service delivery across key industry verticals using its extensive global offshore infrastructure and office networks in 46 countries. HCL Technologies Ltd. By fiscal year 2022, it will employ more than 219,000 people worldwide.

In the year By 2022, HCL sees a 13.6% YoY revenue growth, largely driven by increased demand for technology and digital transformation programs. This shows that HCL Technologies Limited has a strong financial profile, healthy cash position and positive debt coverage indicators. In addition, the business is undergoing significant renewal of transactions and adding new deals from existing customers in the field of digitalization. The company has signed more than 50 contracts through 2022 with a total contract value of $8.3 billion.

6. Wipro Ltd. (NYSE:WIT)

Number of employees: 259,179

Wipro Limited (NYSE:WIT) is a multinational company that provides consulting, information technology and business process services (BPS). It is ranked 4th in the list of 15 largest Indian technology companies behind TCS, Infosys and HCL Technologies. The business has three divisions: Indian State Run Enterprise, IT Services and IT Products (ISRE). Wipro Ltd. (NYSE:WIT)’s IT services segment generates 97% of its revenues. Wipro has 259,179 people.

He said the organization supports the success of its customers, employees and communities in an ever-changing world. In the year As of March 31, 2022, Wipro Limited (NYSE:WIT) had a peak customer base of 1,369 customers, with current customers accounting for 95.2% of the company’s revenue. Wipro is one of India’s leading IT service providers with a revenue of $9.76 million by 2022. In addition, Wipro Ltd. (NYSE:WIT) added 428 new customers in 2022.

Click to continue reading and see 5 Biggest Indian Tech Companies.

Suggested Articles:

Disclosure: None 15 Biggest Indian Tech Companies Originally published on Insider Monkey.