Since the foundation of the software industry in India in the late 20th century, the dynamics of information technology in India have evolved by leaps and bounds. India’s growth in IT is impressive; from being a small consumer of IT services to becoming a major provider. The software sector has played a significant role in driving employment and the country’s GDP. Indeed, software development companies have gone a long way to make our work and life easier, saving us time and effort.
Today, in this blog, we are discussing the top software companies in India that have surpassed the traditional, old-fashioned way of doing things and brought a new era of technology.
Top 10 Software Companies in India by Market Capitalization
Various Indian IT companies are leading the software sector around the world. Not only in India, but also globally, they are providing the best IT, consulting, and business solutions to drive transformation. Here, we are going through the top 10 software companies in India by market capitalization.
| Company | Market Cap (Rs Lakh Crore) | Employee Headcount (Approx) |
| Tata Consultancy Service (TCS) | 15.00 | 614,795 |
| Infosys | 7.75 | 317,240 |
| HCL Technologies | 5.06 | 219,000 |
| Wipro Limited | 3.05 | 234,054 |
| LTIMindtree Ltd. | 1.76 | 81,650 |
| Tech Mahindra Ltd. | 1.65 | 145,455 |
| Oracle Financial Services Software Ltd | 1.02 | 8,754 |
| Persistent Systems Ltd | 0.89 | 23,000 |
| Coforge Ltd | 0.53 | 24,607 |
| MphasiS Ltd. | 0.56 | 33,771 |
- Tata Consultancy Services (TCS)
| Founded | 1 April 1968 |
| Parent organizations | Tata Group, Tata Sons |
| CEO | K. Krithivasan |
| Number of employees | 612,724 |
| Market Cap (Indian Rupees) | INR 15,612 Trillion |
Tata Consultancy Services, popularly known as TCS is a global leader in IT services, consulting, and business solutions. It was established as a division of Tata Sons to help clients build and deliver innovative software solutions. As of 2024, TCS is the largest IT company in India by market capitalization having INR 15.612 trillion.
Founded in 1968, Tata Consultancy Services is one of the oldest and most valuable corporations in India. With 614,795 employees representing 155 nationalities across 46 countries, this software development company is larger than any other organization in the industry.
However, experts believe that the customer experience defines the brand more than size in software development. Also, it is one of the top Software Companies in India.
- Infosys
| Founded | 2 July 1981 |
| Parent organizations | Infosys Limited |
| CEO | Salil Parekh |
| Number of employees | 317,240 |
| Market Cap (Indian Rupees) | INR 7.757 Trillion |
Infosys, India’s second-largest IT firm, and the sixth-most valuable company overall in India offers a range of services, including cloud migration and deployment, custom app development, and cybersecurity. Founded in 1981 by N.R. Narayana Murthy, Infosys is renowned for building innovative solutions, and helping its clients to navigate their digital transformation. Headquartered in Bengaluru with a research facility for AI, robotics, and other modern technology serving more than 50 countries.
As of November 2024, Infosys has a market capitalization of INR 7.757 trillion and employs 317,240 people worldwide. In addition to North America, it operates in Europe, Canada, China, Australia, Japan, and the Middle East.
- HCL Technologies
| Founded | 11 August 1976 |
| Parent organizations | HCL Group |
| CEO | C Vijayakumar |
| Number of employees | Over 220,000 |
| Market Cap (Indian Rupees) | INR 5.065 Trillion |
HCL Technologies, founded by Shiv Nadar in 1976 is among the prominent software companies in India. It helps business modernize their operations for digitalization through cloud computing, cybersecurity, NextGen Technology, HCL Software, ERX, Banking Transformation Platform, etc. With 31 locations across North America, Europe, and Asia-Pacific, the organization has a footprint in more than 50 countries with an employee base of around 219,000 “Ideapreneurs.”
HCL Technologies with a market valuation of over INR 5.065 trillion as of November 2024 is one of the top IT companies in India by market cap. It is well-known for its commitment to sustainability and innovation as well as its customer-centric approach to service delivery.
- Wipro Limited
| Founded | 29 December 1945 |
| Parent organizations | Wipro Enterprises |
| CEO | Srini Pallia |
| Number of employees | 234,054 |
| Market Cap (Indian Rupees) | INR 3.051 Trillion |
Wipro operates in more than 50 countries and has an employee base of 234,054 as of March 2024. One of the top tech companies in India, Wipro specializes in business process, consulting, and information technology services and provides cutting-edge solutions for a range of sectors like banking, finance, insurance, healthcare, energy, and utilities.
The IT giant was founded in 1545 by Mohamed Hasham Premji as Western India Vegetable Products Limited, a manufacturer of cooking oils, however, it later changed its direction to IT in the 1980s under the chairmanship of Azim Premji, Hasham Premji’s son.
With a market capitalization of approximately INR 3.051 Trillion as of November 2024, the business has achieved remarkable success in recent years with a strong portfolio to support its services and innovation.
- LTIMindtree Ltd.
| Founded | 23 December 1996 |
| Parent organizations | Larsen & Toubro |
| CEO | Debashis Chatterjee |
| Number of employees | 81,650 |
| Market Cap (Indian Rupees) | INR 1.766 Trillion |
A part of Larsen & Toubro Group, LTIMindtree Limited was founded as L&T Information Technology Ltd in 1996 with its headquarters in Mumbai. In 2022, L&T Information Technology Ltd was merged with a different IT services subsidiary of Larsen & Toubro, Mindtree to form LTIMindtree Ltd.
LTIMindtree Ltd. is operational in North America, Europe, Asia Pacific, the Middle East, and Africa with an employment base of 81,650 workers. Due to its innovative and customer-focused solutions, LTIMindtree stands out as the top IT firm in India, with a market valuation of INR 1.766 trillion as of November 2024.
- Tech Mahindra Ltd.
| Founded | 24 October 1986 |
| Parent organizations | Mahindra Group |
| CEO | Mohit Joshi |
| Number of employees | 145,455 |
| Market Cap (Indian Rupees) | INR 1.657 Trillion |
Tech Mahindra, founded in 1986 as a subsidiary of the Mahindra Group is another leading software development giant headquartered in Pune, India. Among the top tech companies in India, the company is a prominent supplier of business re-engineering, consulting, and digital transformation services, offering cutting-edge solutions for a range of sectors. It is another one of the top software companies in India for freshers offering a good salary and training in IT.
As of November 2024, the company’s market valuation was around INR 1.657 trillion. It’s working in two business categories: Business Processing Outsourcing (BPO) and Information Technology (IT) Services. Its geographical parts include India, the United States, Europe, and the rest of the world.
- Oracle Financial Services Software Ltd
| Founded | 1990 |
| Parent organizations | Oracle Corporation |
| CEO | Makarand Padalkar |
| Number of employees | 8,754 |
| Market Cap (Indian Rupees) | INR 1.02 trillion |
Oracle Ltd. was established in 1990 as a subsidiary of Oracle Corporation. With its main office in Mumbai, India, Oracle provides IT solutions and consulting services, Product licenses and related activities, and Business Processing Outsourcing services.
Originally founded as i-flex Solutions, Oracle Financial Services Software is one of the Top IT companies in India by market cap with its valuation at INR 1.02 trillion as of November 2024. Being a division of Oracle Corporation, Oracle Financial Services Software is well-known for its specialized financial solutions.
- Persistent Systems Ltd.
| Founded | 1990 |
| Parent organizations | Persistent Systems |
| CEO | Sandeep Kalra |
| Number of employees | 23,000 |
| Market Cap (Indian Rupees) | INR 859 billion |
Headquartered in Pune, India, Persistent Systems Ltd. is among the top software tech companies in India that are primarily engaged in cloud computing, the Internet of Things(IoT), endpoint security, big data analytics, and software product engineering services. Founded in 1990, the tech giant has over 23,000 employees and serves in various locations in India.
The company was founded in 1990 by Dr. Anand Deshpande. With a market capitalization of approximately INR 859 billion as of November 2024, Persistent Systems Ltd. is one of the top software companies in India 2024 driving transformation with its solutions.
- Coforge Ltd.
| Founded | 13 May 1992 |
| Parent organizations | Coforge Ltd. |
| CEO | Sudhir Singh |
| Number of employees | 24,607 |
| Market Cap (Indian Rupees) | INR 532 billion |
Coforge Ltd. was founded in 1981 as an educational institute under the name of NIIT Technologies. It operates as a major IT service provider in not only India but also worldwide. The company has its headquarters in Gurugram, India, and is employing around 24,067 employees. With its focus on industries like travel, insurance, and finance, it is considered one of the best IT companies in India with tailored solutions.
With a market capitalization of approximately INR 532 billion as of November 2024, the company has offices in India, America, Europe, APAC, and the Middle East. It changed its name to COFORGE Limited in August 2020.
- MphasiS Ltd.
| Founded | 1998 |
| Parent organizations | Blackstone Private Equity, Mphasis Limited |
| CEO | Nitin Rakesh |
| Number of employees | 33,771 |
| Market Cap (Indian Rupees) | INR 556 Billion |
The company was established in 1998 and is headquartered in Bengaluru, India. MphasiS engages in consulting, IT and software development, and business process outsourcing (BPO) services to clients worldwide. It uses the Front2Back transformation method to provide cloud and cognitive services technology to its clients to offer customized virtual enjoyment.
With a workforce of over 30,000 employees, it operates in 16 countries including India. Mphasis has a market capitalization of approximately INR 556 billion as of November 2024, reinforcing its status as one of the top software companies in India.
Final Thoughts
The list of IT leading firms in India is a long one, however, these firms are leading the IT sector of India with their innovative and tailored solutions. With the approach of customer satisfaction and driving transformation, these companies are taking information technology to another level, providing employment to thousands of professionals and training young minds. These businesses are favored partners for customers worldwide because of their expertise in software development, artificial intelligence, cloud computing, cyber security, and other cutting-edge technology.
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