The list of the top 5 IT companies in India is based on research from several software development companies located in major cities like Bangalore, Mumbai, Pune, Kolkata, Jaipur, etc. India’s IT-BPM industry holds a major chunk of 45 percent share in Indian Export Services. Hence, it is the fastest-growing Indian sector with a rate of 2.3 percent. Also, it has a share of more than 8 percent of Indian GDP (Gross Domestic Product).
As per the NASSCOM report, because of top companies in India, IT export reviews grew by 8.3 percent in 2019. Hence, in the fiscal year 2019, approximately $ 136 billion was extracted as revenue. Hence, big companies like Microsoft, TCS, Google, Wipro, and many more have strong foundations in India. Thus, these big companies in India owe much to their success in the IT sector.
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What are IT companies? How are they the top companies in India?
The full form of IT is information technology. Thus, IT companies in India are the top companies in India. They are flourishing as they are successful in providing their clients with the finest informational technology services.
These days, the entire world is digitalized by leaps and bounds. From payroll to customer services, from insurance slips to medical reports, from call centers to legal education systems, all are digitalized. Hence, all such industries are thriving with the help of technology and software.
The job of these top IT companies in India is to provide their clients with the expertise in maintaining the technical department. Also, elaborating about services, means hardware services, cloud computing, network infrastructure, and even cybersecurity. Hence, the function of these top companies in India is not limited but diversified and comprehensive.
The three main departments of IT functions:
Infrastructure: It includes all the components of hardware, software, and network resources. Also, some of the services include Networking, Platform management, security, and more.
Governance: It uses IT systems and new methods to incorporate efficient evaluation of any business or individual client. Hence, they focus on delivery, resource management, risk management, and performance management. Thus, some of the top IT companies in India for governance include COBIT and ITIL.
Functionality: This sector includes the SaaS (software as service) and FaaS (Function as service). Thus, this section provides a platform for various companies to run, develop, and manage the functionality of applications.
Here is the list of the top 5 IT companies in India:
Tata Consultancy Service:
TCS or the Tata Consultancy Service is the biggest IT company in India as per the revenue earned. Thus, the revenue earned in 2020 is at INR 152,497 crores. In the past 50 years, Tata Consultancy Service has been in partnership with the world’s largest businesses and their transformation. Thus, TCS has played a major role in IT services, consulting, and business solution providers. Hence, it is one of the top IT companies in India.
It offers a consulting-led, integrated portfolio of business as well as technology and engineering services. Thus, it makes it one of the biggest companies in India.
Being one of the biggest companies in India, Infosys was established in 1981. Thus, it is an NYSE-listed global consulting and IT company. Also, it has more than 228,000 working employees paying them a high salary. Also, it is listed as the 2nd largest company in India in 2020. Considering the revenue, it is $87,371 crores for Infosys. Also, the sales growth in the past 3 years has been 9.81 percent. Within the time of 37 years, Infosys has catalyzed major changes. Also, it assisted in making India emerge as a global destination full of software services talent.
In the IT sector, HCL technologies is one of the best companies in India. Thus, HCL technologies via Digital technology transformation assist global enterprises in re-imagining and transforming their businesses. They influence their global network of integrated co-innovation labs and global delivery capabilities providing holistic multi-service delivery in key industries.
Also, HCL Technologies focuses on providing an integrated portfolio of services via mode 1-2-3 growth strategy. Mode 1 comprises core services in areas of Applications, Infrastructure, R&D services, and more. Thus, it transforms the client’s business and IT section, making it lean and agile. In Mode 2, the focus is on experience-centric and outcome-oriented integrated offering to drive business outcomes and digitalization. Hence, it includes Digital and Analytics, IoT WoRKS, Cybersecurity & GRC service, and Cloud-Native Service. In Mode 3, the strategy is ecosystem-driven, creating innovative IP partnerships to build businesses.
One of the best in Information Technology, Wipro excels as a consulting and business process services company. Also, Wipro has successfully made it into the top 5 IT companies in India and is globally recognized. It offers a comprehensive portfolio of services, a strong commitment to sustainability, and good corporate citizenship. Wipro has approximately 160,000 employees across 6 continents and pays them a high salary.
Tech Mahindra Ltd:
Tech Mahindra, a part of the Mahindra group, offers an innovative and custom-centric information technology experience. Thus, it enables the enterprises, associates, and society to rise. Tech Mahindra Ltd is a company worth 9 billion with 125,700 professionals across 90 countries, all being paid a high salary. Also, the company has assisted 941 global customers including Fortune 500 companies. Tech Mahindra Ltd is also the highest-ranked non-American company mentioned in Forbes Global Digital 100 list in 2018.
Importance of the IT sector:
Information Technology as a sector has thrived tremendously and given so much efficiency, quality, speediness, and agility. Hence, it provides huge employment with a high salary and has advanced the economy in general. Thus, these top 5 IT companies in India have given employment to more than 1 million employees. IT has changed the working system with the onset of new technologies into business models. Also, even during the pandemic and lockdown, IT technologies like virtual classes, telehealthcare, and more kept the industry growing at a fast-paced speed. The rate of growth of the IT sector in India for the year 2020 is roughly 10 percent. Thus, India has become one of the largest hubs for the IT sector.