The Indian IT sector has evolved as a worldwide powerhouse, with multiple enterprises leading the way in innovation and technological developments. From software development behemoths to modern consulting organizations, the scene is broad and competitive. Going into the “Top 10 IT Companies in India” exposes not just industry leaders, but also the rapid growth and immense promise of this growing sector. This list goes into those companies that are defining the future of technology, not just in India, but around the world, showcasing their distinct capabilities, contributions, and impact on the ever-changing digital environment.
List of Top 10 IT Companies In India 2024
1. Tata Consultancy Services
- CEO: K Krithivasan
- Headquarters: Mumbai, Maharashtra, India
- Founded on: April 1, 1968
TCS, the largest IT company in India, is a worldwide frontrunner in providing IT services, consulting, and business solutions. Founded in 1968, it is one of the oldest IT companies in India. With its vast array of services, TCS has a significant presence in various sectors, including banking, retail, telecom, and healthcare. TCS recently partnered with AIB Life, the newly-formed joint venture of Allied Irish Banks and Great-West Lifeco, to launch operations in Ireland and provide AIB’s customers access to financial advice and other financial services through their phone with the AIM mobile banking app. This was facilitated by its flagship insurance platform TCS BaNCS.
2. Infosys
- CEO: Salil Parekh
- Headquarters: Bengaluru, Karnataka, India
- Founded on: July 2, 1981
Infosys is a prestigious global company specializing in cutting-edge digital services and consulting. Established in 1981, Infosys has been instrumental in driving the IT revolution in India. With its strong focus on innovation and sustainability, Infosys provides business consulting, information technology, and outsourcing services. In June 2023, Infosys allied with Danske Bank with the goal of accelerating digital transformation, in a deal worth $454 million for a period of 5 years to start with.
3. HCL Technologies
- CEO: C Vijayakumar
- Headquarters: Noida, Uttar Pradesh, India
- Founded on: November 12, 1991
HCL Technologies is a modern, international technology company that assists businesses in transforming their operations for the digital era. Founded in 1976, HCL offers an integrated portfolio of products, solutions, services, and IP through its Mode 1-2-3 strategy. HCL Tech recently launched a Global Delivery Centre in Rabat, Morocco, to lead transformation projects for clients in areas such as digitization, cloud, AI, and software.
4. Wipro Limited
- CEO: Thierry Delaporte
- Headquarters: Bengaluru, Karnataka, India
- Founded on: December 29, 1945
Wipro Limited is a top-tier international company specializing in information technology, consulting, and business process services. Founded in 1945, Wipro utilizes cognitive computing, hyper-automation, robotics, cloud, analytics, and other innovative technologies to assist clients in adapting to the digital landscape. Wipro has recently announced that Wipro FullStride Cloud has partnered with Pure Storage, an enterprise data storage solutions provider, to help clients speed up the sustainability journey.
5. LTIMindtree Ltd
- CEO: Debashis Chatterjee
- Headquarters: Bengaluru, Karnataka, India
- Founded on: December 23, 1996
LTIMindtree Ltd is a well-established and highly regarded global technology consulting and services provider. The company boasts a unique combination of scale and agility, which sets it apart from others in the industry. LTIMindtree partnered with Schneider-Neureither & Partner (SNP) in June 2023 to launch “Fast Forward” for Bluefield integration, a full lifecycle solution meant to speed up migration to the SAP S/4HANA platform for an enterprise with the least possible risk while also allowing them to retain ERP.
6. Tech Mahindra Ltd
- CEO: C P Gurnani
- Headquarters: Pune, Maharashtra, India
- Founded on: October 24, 1986
Founded in 1986, Tech Mahindra is committed to delivering innovative and customer-centric IT solutions for the interconnected world. It is a subsidiary of the Mahindra Group. In March 2023, Mohit Joshi was appointed Tech Mahindra’s MD & CEO designate, to succeed Gurnani upon his retirement on December 19, 2023. Notably, Joshi was previously the President at Infosys.
7. Mphasis Ltd
- CEO: Nitin Rakesh
- Headquarters: Bengaluru, Karnataka, India
- Founded on: June 6, 2000
Mphasis, established in 1998, applies next-generation technology to help enterprises transform businesses globally. It is uniquely positioned to drive digital transformation in enterprises through its seamless service delivery, business process expertise, and integrated portfolio of services. Despite underperforming in the last quarter of 2022 and going through tumultuous conditions, BlackStone’s investment in Mphasis continues to provide a strong backbone for the company, along with co-investments from the Abu Dhabi Investment Authority and The Regents of the University of California.
8. Persistent Systems
- CEO: Sandeep Kalra
- Headquarters: Pune, Maharashtra, India
- Founded on: May 16, 1990
Persistent Systems is a global company specializing in accelerating digital business and modernizing enterprises. Founded in 1990, Persistent is renowned for its extensive technological expertise. Amidst the Covid-19 crisis in 2020, Sandeep Kalra assumed the role of CEO, succeeding founder Anand Deshpande’s vision for the firm. Under Kalra’s leadership, Persistent Systems achieved remarkable milestones, including the ambitious target of $1 billion in annual revenues within six to eight quarters, realized by the March quarter of FY 2023. Kalra, a veteran of HCL Tech and Samsung, has propelled the company to unprecedented success.
9. Oracle Financial Services
- CEO: Chaitanya M. Kamat
- Headquarters: Mumbai, India
- Founded on: December 4, 1989
Established in 1990, Oracle Financial Services is a leading provider of comprehensive banking applications and technology solutions. With a focus on addressing complex IT and business requirements, Oracle Fin Serv recently expanded its technology partnership with AmBank (M) Berhad from Malaysia and Ajman Bank from the UAE, signing deals for Financial Analytical Applications and subscribing to the Oracle Financial Services Analytical Applications Cloud Service, respectively.
10. Coforge Limited
- CEO: Sudhir Singh
- Headquarters: Noida, India
- Founded on: May 13, 1992
Coforge Limited is a global technology company offering IT consulting, product engineering solutions, and services. Founded in 1992, Coforge serves various industries, driving digital transformation and innovation.
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