I.T. is now the core of the business world. It is the catalyst for innovation, and it is this innovation that keeps the business running. The old-fashioned way of doing business without the use of Information Technology seems less efficient than the huge tech companies operating at a rapid pace in tech.
It is a source of innovation. The new software assists in storing data allow communication and reveal the most recent and advanced technology. India is seeking many advantages from the digital revolution that has prompted every company, including small-scale companies, to rely on technology and computers. This article discusses the best and most dependable I.T. companies in India.
Did You Know?
In 2020, The I.T. sector accounted for 8% of India's GDP. As per STPI, the software exports from IT-related companies linked to it amounted to around ₹ 1.20 lac crore ( $16.29 billion) in the first quarter of the Financial year 2022.
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Top ITES Companies in India
These are the top picks:
1. Tata Consultancy Service
Listed on the Bombay Stock Exchange, Tata Consultancy Services is one of India's most prominent I.T. companies. It is one of the largest companies in the world and boasts of more than 285 offices in 46 countries. Founded in 1968, it started with management consulting but today has operations in several fields, including energy, chemicals, telecommunications, financial services and manufacturing.
Tata Consultancy services limited is a multinational I.T. services and business solutions company with headquarters in Mumbai, India. The company provides business and consulting services worldwide and leverages the offshore outsourcing model. Also, Tata is among the top software companies in India in the IT industry.
The company generates half of its revenue from North American clients. The company's services include traditional I.T. consulting, managed services, cloud infrastructure, and business process outsourcing, or BPaaS. TCS strives to provide world-class performance and support with over forty years of experience and 59 subsidiaries. In short, even if we compare the top 100 software companies in India, Tata is the largest.
If your search is to find a software company in India, Infosys can be among the top ITES companies in India. In Bangalore, India, Infosys Technologies Ltd. was established in 1981 by N.R. Narayana Murthy with a combined investment of ₹70,000. He is the eighth son of a village official, and the company was initially a small business.
Today, Infosys is one of the largest software exporters in the world. In 1981, it was founded as a private company and became a publicly-traded company in 1992. In 1999, it became the first Indian company listed on the NASDAQ. With offices and construction sites spread across the country, Infosys has over 160,45 employees.
In its initial years, Infosys was based out of Pune. It took a year to get a phone line and three years to import a computer. It wasn't until the company's initial four years of operation that it became financially self-sufficient.
In 1983, it moved from Pune to Bangalore and was one of the first Indian companies to reach the fourth level of the Capability Maturity Model developed by Carnegie Mellon University. It also met all international quality standards and contributed 90% of the company's revenue.
3. HCL Technologies
Founded in 1976 as one of India's first I.T. garage start-ups, HCL Technologies has made a name for itself as a pioneer of modern computing, introducing the world's first 8-bit microprocessor-based computer in 1978. HCL believes that collective action increases the human potential and is committed to multiplying it in the wider society.
To this end, the company heavily invests in promoting sports, music and other culture to provide opportunities to talented artists and athletes. HCL Technologies is an I.T. company in India that has expanded its operations into various sectors.
The company's recent expansions include a five-year transformational I.T. infrastructure management agreement with Energy Future Holdings Corporation (EHHC), a privately-held energy firm.
The company's other recent announcements include a partnership with nMatric, a global provider of intelligent shop floor solutions for automotive manufacturers, and a ₹5 crores global engineering transformation service agreement with Meggitt. MEANWHILE, its HCL AXON division has signed a strategic Go-To-Market agreement with NextLabs, a global leader in policy-driven information risk management solutions.
In terms of its operations, HCL Technologies has offices and facilities in 50 countries worldwide. While its headquarters are in Noida, India, it has branches in Australia, China, Hong Kong, Israel, New Zealand and Saudi Arabia. HCL also operates in Estonia, Finland and Norway. The company has also opened offices in Sweden and the United Kingdom. This global presence is indicative of its growing reach.
4. Wipro Limited
Wipro Limited is an I.T. services company in India. Founded in 1983, Wipro has offices in Bangalore and Hyderabad. The company has more than two million customers in more than 80 countries. In 2001, Wipro had 209 active clients, including G.E., a U.S. conglomerate and Nortel Networks. The company also has regional offices in Japan and the U.K.
The I.T. Industry in India was booming in the nineties, with software development growing at nearly 60% a year. India quickly became the third-largest supplier of I.T. labour, making it an attractive option for U.S. companies. Wipro began contracting teams of engineers to work on projects for U.S. companies, as labour costs in India were forty to 60%t cheaper than in the United States.
Wipro Limited is an Indian multinational information technology company. It offers consulting and business process services to businesses worldwide. With over 150,000 employees worldwide, Wipro generates over 80% of its revenue outside of India.
Wipro is the third-largest I.T. company in India. Also, it’s among the top software companies in India. It employs more people than any other Indian company. The company is one of the most highly-regarded companies globally and is widely recognized as a leading technology company.
5. Redington India Ltd.
Redington India is an I.T. distributor based in India. The company's revenue has increased by 14% annually over the past decade, from ₹137.5 billion in FY10 to ₹514.7 billion in FY20. The company's growth has been led by its Overseas business, which has grown at a rate of 16% per year, while its Indian business has grown slower.
Redington started operations in India in 1993 in Chennai. Its vision is to become the leading I.T. distributor globally by focusing on supply chain and operational excellence.
As of Dec'20, the company has over twelve thousand channel partners in India and 2800 partners in the Middle East and Africa. In addition, Redington also has a presence in overseas markets, where it provides logistics services and software. Its product lines include computer hardware, software and security.
The company has focused on cloud-managed solutions and software solutions. It is also a Tier 2 reseller of Microsoft Azure and AWS and a service provider of Oracle and cloud-based software. It has also set up a solution centre called Red Vault, which showcases software-defined networking and private cloud solutions. Redington's latest strategic plan focuses on building a "service model" to increase annuity income.
6. Tech Mahindra Ltd.
Tech Mahindra Ltd. is a multinational Indian technology company. The company is headquartered in Pune, India, with its registered office in Mumbai. The company has 145,000 employees in 90 countries and around ₹520 crores market value. Its core business is software development.
The company is a part of the Mahindra Group. Its products include software for business process management, cloud computing, and mobile applications. The company is one of the largest in India, with offices in several foreign countries.
Tech Mahindra Limited provides I.T. solutions to clients in the telecommunications industry. It is a part of the Mahindra Group, a ₹2100 crores conglomerate that operates in 20 key industries.
Its services span all aspects of I.T., from software development to networking and telecom services. Founded in 1986, Tech Mahindra works with over 120,000 people in more than 90 countries to provide comprehensive solutions. The company has offices in the Americas, Europe and Africa.
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7. Larsen & Toubro Infotech Ltd.
Larsen & Toubro Infotech Limited (L&T) is an Indian multinational I.T. services company headquartered in Mumbai, India. Based on export revenues, NASSCOM ranks L&T as the sixth largest Indian I.T. services company.
It is a Fortune 500 company with approximately ₹200 crores in annual revenues. It provides I.T. services for clients globally, including the Fortune 500. For its recent performance, L&T has announced targeting greater export revenues and expanding its global footprint.
L&T Infotech's business model is centred around I.T. services for industries such as banking, financial services and manufacturing. It also provides solutions for the energy, retail and media sectors.
Its primary revenue sources come from the Banking, Financial Services and Insurance segments. The company also provides I.T. solutions for manufacturing and energy companies and government agencies and governments. Despite its global reach, L&T Infotech has yet to achieve growth outside of India.
8. Mphasis Ltd.
Mphasis Ltd, an I.T. company headquartered in Chennai, aims to join the ranks of Wipro, Infosys, and Tata Consultancy Services. The company has revealed that its next growth phase aims to reach ₹1000 crores in three to five years. Although it is focused on banking and finance services, the company plans to expand into other sectors, including hi-tech, travel and consumer products.
The company was initially known as Mphasis BFL Limited before merging with BFL Software in 2000. The two companies provided I.T. services for various industries, including health care, telecom and logistics.
Its growth is based on the data revolution and the emergence of OTT platforms, which enable users to watch T.V. and radio programs over the internet. Mphasis has more than 30 offices worldwide and delivery centres in Sri Lanka, Australia and India.
So, these were the top 8 software companies in India. India has already seen a great revolution in Information Technology in the last 15 years, and we can expect great advancement in the upcoming years also. Follow Khatabook for the latest updates, news blogs, and articles related to micro, small and medium businesses (MSMEs), business tips, income tax, GST, salary, and accounting.