top 10 it companies in india

Top 10 IT Companies In India In 2023

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Would you like to know the top 10 IT companies in India in 2023 to consider investing in?

This article will discuss the list of India’s top 10 IT companies that can do better in the coming years.

But before we start, here are some essential facts about the IT industry to help you better understand why you must consider investing in this sector in the longer Run.

Essential facts about the IT industry in India:

  • In the financial year, 2022 IT sector accounted for 7.4% of India’s GDP.
  • And as per the NASSCOM  IT industry’s Contribution to India’s GDP may rise to 10%.
top 10 it companies in india
  • The government of India is also taking where are steps to promote the industry in the fields of artificial intelligence, cyber security, Blockchain and hyper-scale computing.
  • In the latest budget for 2023 government has announced two significant steps in the field of artificial intelligence, which will help the IT industry in the long run. They are “Make AI for India” and “Make AI work for India”.
  • The Government of India has also introduced STP (Software Technology parks), a 100% export-oriented scheme for developing software and software services export.
  • The Information Technology industry in India accounts for 51% of the Share in the global Services Sourcing industry.
  • Indian IT industry accounts for 19% of Global IT spending. 
  • In the past ten years, the IT sector’s contribution to India’s GDP has continuously remained at more than 7%.

List Of Top 10 IT Companies In India In 2023

top 10 it companies in india
1Infosys Ltd. 
2Tata Consultancy Services Ltd. 
3HCL Technologies Limited 
4LTI Mindtree Ltd 
5Tech Mahindra Ltd. 
6Wipro Ltd. 
7Persistent Systems Ltd. 
8Cyient Ltd. 
9Mphasis Ltd. 
10Coforge Ltd. 

Infosys Ltd. 

Infosys Ltd. is first on the list of Top 10 IT Companies In India.

Infosys Limited is a global technology services firm that defines, designs and delivers information technology (IT)-enabled business solutions to their clients.

The Company has a global presence in
countries – 54
and locations – 247 til Mar 2022.

The Company is a leading provider of consulting, technology, outsourcing and next-generation digital services to enable clients to create and
execute strategies for their digital transformation.

It also provides end-to-end business solutions that leverage technology for its clients, including,
1) Technical consulting,
2) Design,
3) Development,
4) Product engineering,
5) Maintenance,
6) Systems integration,
7) Package-enabled consulting, and
8) Implementation and infrastructure management services.

It also provides software products to the banking industry (Finacle).

The Company has developed Finacle, a universal banking solution for large and medium size banks across India and overseas.

Through Infosys BPO, the company provides business process management services, such as offsite customer relationship management, finance and accounting,
and administration and sales order processing.

It has a marketing and technical alliance with FileNet, IBM, Intel, Microsoft, Oracle and System Application Products.

Tata Consultancy Services Ltd. 

Tata Consultancy Services Ltd. is second on the Top 10 IT Companies In India list.

Tata Consultancy Services Ltd is a leading global IT service, consulting and business solutions organisation offering transformational and
outsourcing services to global enterprises.

It has a global presence, deep domain expertise in multiple industry verticals and a complete portfolio of services consisting of,
1) Consulting and service integration,
2) Application services,
3) Digital transformation services,
4) Cloud services,
5) Engineering services,
6) Cognitive business operations, products & platforms – targeting every C-suite stakeholder.

The Company uses all these and its industry-leading suite of products and platforms to deliver high-quality,
high-impact solutions leveraging the latest technologies to customers worldwide. These solutions are delivered using its Secure Borderless Workspaces (SBWS) operating model,
enabling a highly distributed, Location Independent, Agile delivery.

TCS’s geographic footprint comprises,
1) North America,
2) Latin America,
3) The United Kingdom,
4) Continental Europe,
5) Asia-Pacific,
6) India and
7) Middle East & Africa.
A part of the Tata group, India’s largest multinational business group, TCS has over 592,000 of the world’s best-trained consultants in 55 countries.
The company is headquartered in Mumbai and has a manufacturing facility at Mapusa, Goa.

HCL Technologies Limited 

HCL Technologies Limited is third among the Top 10 IT Companies In India.

HCL Technologies Limited is a leading global IT services company that helps global enterprises re-imagine and
transform their businesses through Digital technology transformation.

The Company is primarily engaged in providing a range of software services, business process outsourcing and infrastructure services.

It leverages an extensive offshore global technology workforce and intellectual properties to deliver solutions across select verticals, including,
1) Financial Services,
2) Manufacturing,
3) Life Sciences & Technology Healthcare Services,
4) Public Services,
5) Retail & CPG,
6) Oil & Gas,
7) Energy & Utilities,
8) Travel,
9) Transportation & Logistics,
10) Telecom,
11) Government,
12) Media,
13) Publishing and
14) Entertainment.

LTI Mindtree Ltd. 

LTI Mindtree Ltd. is fourth on the list of Top 10 IT Companies In India.

Larsen & Toubro Infotech Limited (L&T Infotech) is a global technology consulting and digital solutions company helping more than 485 clients succeed in a converging world.
It provides the winning edge to the clients by leveraging Business-to-IT Connect and deeply committed people.

L&T Infotech’s global presence includes 23 software development centres and 44 sales offices.

The Company is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services.
It operates in over 50 countries worldwide.
The Company is engaged in core, high-impact economic sectors, and its integrated capabilities span the entire spectrum of `design to delivery’.

Its manufacturing footprint extends across eight countries in addition to India.

Apart from this, it has several international offices and a supply chain that extends around the globe.

In addition, LTI has offerings across the following service lines:
1) Application Development & Maintenance and Testing,
2) Enterprise Solutions,
3) Cloud Infrastructure & Security,
4) Analytics,
5) AI & Cognitive and Enterprise Integration & Mobility.

Tech Mahindra Ltd. 

Tech Mahindra Ltd.  is fifth on the list of Top 10 IT Companies In India.

Tech Mahindra Limited is a leading digital transformation, consulting and business re-engineering services and solutions provider.
And is a part of the USD 19.4 Billion Mahindra Group.

Befitting its size, the Mahindra Group operates in 22 key industries, providing insightful and ingenious solutions that are global in their ramifications.

Tech Mahindra is a USD 5.1 Billion company with over 121,000 professionals across 90 countries, helping 1007 global customers, including Fortune 500 companies.

The Company’s convergent digital design experiences, customer-centric platforms and reusable assets connect across technologies to
deliver tangible business value to its stakeholders.

The Company is a leading provider of consulting-led integrated portfolio services to customers, who are Telecom Equipment Manufacturers,
Telecom Service Providers and IT Infrastructure Service Providers, Business Process Outsourcing Service Providers,
as well as Enterprise Solutions Services (BFSI, Retail & Logistics, Manufacturing, Energy and Utility (E&U), Healthcare, Life Sciences, etc.)
of Information Technology (IT) and IT-enabled services (ITe-S), delivered through a network of multiple locations around the globe.

It also provides a comprehensive range of IT services, including,
1) IT-enabled services,
2) Application development and maintenance,
3) Consulting and enterprise business solutions,
4) Extended engineering solutions and
5) Infrastructure management services
to a diversified base of corporate customers in a wide range of industries, including insurance, banking and financial services, manufacturing,
telecommunications, transportation and engineering services.

The company’s global footprint spans 24 locations in 14 countries, including 11 state-of-the-art development centres and 13 sales offices in
the Americas, Europe, the Middle East, Africa and Asia-Pacific.

Wipro Ltd. 

Wipro Ltd. is sixth on the list of Top 10 IT Companies In India.

Wipro Ltd is India’s leading tech company, providing global IT Services, including Business Process Outsourcing (BPO) services.

The company provides comprehensive IT Solutions and services to corporations globally, including Systems Integration, Information Systems Outsourcing,
IT-enabled services include package implementation, software application development and maintenance, and Research and development services.

The company is the first PCMM Level 5, and SEI CMM Level 5 certified IT Services Company globally.
In the Indian market, they are a leader in providing IT Solutions and Services for the corporate segment in India,
offering System Integration, Network Integration, Software Solutions and IT Services.

In the Asia Pacific and Middle East markets, they provide IT Solutions and Services for global corporations. The company is headquartered in Bangalore, India.

The company provides integrated business, technology and process solution on a global delivery platform to customers across
the Americas, Europe, the Middle East and Asia Pacific.

They offer business value to clients through process excellence and service delivery innovation, such as,
1) Information Technology services,
2) Product Engineering Services,
3) Technology Infrastructure services,
4) Business Process Outsourcing services and
5) Consulting services.

Persistent Systems Ltd. 

Persistent Systems Ltd is seventh on the list of Top 10 IT Companies In India.

Persistent Systems Limited is a global company specialising in software products, services and technology innovation. In addition, the company offers complete product life cycle services.

The company delivers services across all product life cycle stages, enabling us to work with a wide range of customers and develop, enhance and deploy custom software products.

Cyient Ltd. 

Cyient Ltd. is eighth on the list of Top 10 IT Companies In India.

Cyient Limited (Cyient) is engaged in providing global technology services and solutions specialising in,
1) Geospatial,
2) Engineering design,
3) IT solutions and data analytics.
Having its headquarters and development facilities in India, Company serves a global customer base through its subsidiaries in the
United States of America (USA), United Kingdom (UK), Germany, Japan, Australia, Singapore and India.

Cyient’s range of services includes,
1) Digitisation of drawings and maps,
2) Photogrammetry,
3) Computer-aided design/engineering (CAD/CAE),
4) Design and modelling,
5) Repair development engineering,
6) Reverse engineering application software development,
7) Software products development,
8) Consulting, analytics and implementation.

It specializes in software services and solutions for the manufacturing, utilities, telecommunications, transportation & logistics, local government and financial services markets.

Mphasis Ltd. 

Mphasis Ltd. is ninth on the list of Top 10 IT Companies In India.

Mphasis Limited is a global Information Technology (IT) solutions provider specialising in cloud and cognitive services
and applies next-generation technology to help enterprises transform businesses globally.

Mphasis Group, an international, multicultural organisation headquartered in Bengaluru, India, specialises in providing application development
and maintenance services, infrastructure outsourcing services and business & knowledge process outsourcing solutions to clients worldwide.

Coforge Ltd. 

Coforge Ltd. is tenth on the Top 10 IT Companies In India.

Coforge Limited was initially incorporated as a Public Limited Company on May 13th, 1992, under the name ‘NIIT Technologies Limited’.

On 14 June 2020, Shareholders of the Company approved the proposed change in terms of the Company from “NIIT Technologies Limited” to “Coforge Limited”.

Consequently, the name of the Company was changed from “NIIT Technologies Limited” to “Coforge Limited” w.e.f. 03 August 2020.

The Company delivers services worldwide directly and through its subsidiaries and overseas branches.

Presently, it renders Information Technology solutions and is engaged in,
1) Application Development and Maintenance,
2) Managed Services,
3) Cloud Computing and
4) Business Process Outsourcing

To organisations in several sectors, such as Financial Services, Insurance, Travel, Transportation and Logistics, Manufacturing and Distribution and Government.


IT sector in India has made a tremendous contribution towards the country’s GDP. And this sector is blessed by the significant English-speaking human capital of Trained individuals available at a lower cost. 

 Though the industry has suffered several setbacks in the past year in the form of a tremendous attrition rate, significant payments in the form of salaries and higher operating costs. 

And the recession in the US and the United Kingdom has further added to the headwinds That Indian IT Industries are facing right now.

But slowly and gradually, things are improving, and with government support, also IT industry will keep flourishing in the years to come.

So, The Year 2023 will remain volatile for the IT industry.

 But as per the inputs from IMF reports, as soon as this recession phase gets over IT industry will come back strongly and could give good Returns to investors in the long run.

Investors should do their due diligence and research before investing in these Top 10 IT Companies In India.

DisclaimerThis blog is solely for educational purposes. The securities/investments quoted here are not recommendatory. This is not an investment advisory. The blog is for information purposes only. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, goal, time frame, risk and reward balance, and the cost associated with the investment before choosing a fund or designing a portfolio that suits your needs. The performance and returns of any investment portfolio can neither be predicted nor guaranteed. 

The information provided in this article is solely the author/advertisers’ opinion and not investment advice – it is provided for educational purposes only. Using this, you agree that the information does not constitute any investment or financial instructions by Ace Equity Research and the team. Anyone wishing to invest should seek their own independent financial or professional advice. Do conduct your research along with financial advisors before making any investment decisions. Ace Equity Research and the team are not accountable for the investment views provided in the article.

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