As of 2024, the Indian IT sector continues to be a major contributor to the economy, with several companies leading in market capitalization and employee strength. Check out the below given detailed overview of the top 10 largest IT companies in India based on their market capitalization:
Rank | IT Company | Market Capitalization (Rs. Lakh Crore) | Employee Headcount (Approx) |
1 | Tata Consultancy Services (TCS) | 15.44 | 614,795 |
2 | Infosys | 7.77 | 317,240 |
3 | HCL Technologies | 4.87 | 219,000 |
4 | Wipro Limited | 2.82 | 234,054 |
5 | LTIMindtree Ltd. | 1.85 | 81,650 |
6 | Tech Mahindra Ltd. | 1.53 | 145,455 |
7 | Oracle Financial Services Software Ltd. | 0.98 | 8,754 |
8 | Persistent Systems Ltd. | 0.85 | 23,000 |
9 | Mphasis Ltd. | 0.56 | 24,518 |
10 | Coforge Ltd. | 0.46 | 24,607 |
Company Highlights
- Tata Consultancy Services: It was founded in 1968 by the TCS group headquartered in Mumbai. It is a major IT company in terms of market capitalization in India, offering consulting and business solutions in various sectors, including healthcare and banking.
- Infosys: Founded in Pune in 1981 and headquartered in Bangalore, Infosys is a business consulting and outsourcing company that was one of the first Indian companies to have a market capitalization of $100 billion.
- HCL Technologies: Shiv Nadar founded HCL in Noida in 1976. HCL has evolved from a hardware company to a global leader in IT services.
- Wipro Limited: The firm, Wipro, has considerably diversified the products it offers and is increasingly globalizing its footprint.
- LTIMindtree: The company, LTIMindtree, has built up the digital transformation area, giving technology solutions to almost every type of business or industry.
- Tech Mahindra: Telecommunication services and solutions were where Tech Mahindra's major focus had always been; however, over time, it ventured into AI and cloud computing.
- Oracle Financial Services Software Ltd: A subsidiary of Oracle Corporation, it offers financial services software solutions.
- Persistent Systems: It specializes in software development for various industries and has experienced tremendous growth due to its focus on cloud computing and IoT.
- Mphasis: This company focuses on cloud and cognitive services and has established itself as a leader in the IT space with innovative solutions.
- Coforge Ltd.: Specialising in cloud computing and data analytics, Coforge enables business houses to utilize technology to improve productivity.
These firms not only rule the roost within India but also significantly influence activities worldwide, leading to the rapid evolution of technology and accelerated economic activities.
Indian IT giants are the key to the trend shaping of the global technology world. Market leadership, employee strength, and innovation in areas such as cloud computing, AI, and digital transformation make them important players in the world of technology. India's IT industry is likely to remain bright with steady growth and international influence.
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