The entire IT sector is a bundle of products and services.
The IT sector includes companies that produce hardware, software, or other semi-conductor equipment and other companies that provide the internet or other related services.
The IT sector is broadly classified into the following segments:-
Hardware and software for technology
Software and services.
Semi-conductors and semi-conductor equipment
Information technology sector ETFs (Exchange-Traded Funds) and mutual funds
List of Top 10 IT companies in India:-
There are many IT companies in India.
The main aim of IT companies is to provide secure, reliable, robust, and user-friendly services to their users.
Here is the list of the very few companies that have entered the list of the top 10 companies in India.
SR.No.
Company Name
Sector
1.
Tata Consultancy Services (TCS)
Consultancy
2.
Infosys
Consultancy and outsourcing services
3.
Wipro
Consultancy
4.
HCL Technologies
Consultancy in various sectors
5.
Mindtree
Technology and consultancy
6.
Larsen & Toubro Infotech
Consultancy and digital solutions
7.
Oracle Fin Services
Technology services to the banking sector
8.
Tech Mahindra
Outsourcing and consultancy
9.
Redington India Limited
Supply chain, logistics, and consultancy
10.
Mphasis Limited
Financial services and logistics
#1. Tata Consultancy Services (TCS):-
TCS is the largest IT Company in India in terms of revenue.
TCS is often considered a big bull for offering IT services like consultancy and other business solutions.
TCS was ranked at 64th position in the Forbes World’s Most Innovative Companies ranking, making it the highest-ranked IT service company.
In 2018, it stood at the 11th position in the Fortune India 500 list.
Founded:- 1968
Founder:- Tata Group
Revenue
167,827
Employees
420,000
Return on Equity
35.98%
Net Profit
38,187
#2. Infosys:-
Infosys is the second-largest IT Company in India in terms of revenue.
Infosys is a multinational IT company that provides services like business consulting, information technology, and other outsourcing services.
According to the Forbes Global 6000 ranking, the company was ranked at 602.
Infosys is the first Indian IT company to have been listed on NASDAQ.
Founded:- 1981
Founder:- It was founded by seven engineers in Pune, Maharashtra.
Revenue
107,164
Employees
228,000
Return on Equity
23.50%
Net Profit
21,235
#3. Wipro:-
Wipro is an Indian multinational company that provides services like information technology, consultancy, and other business processes.
The company has harnessed the power of cognitive computing, robotics, hyper-automation, cloud analytics, and other emerging technologies that allow its clients to adapt to the digital world and make them successful.
In the Forbes Global 2000 List, the company stood at 755th.
Founded:- 1945
Founder:- Azim Premji.
Revenue
64,280
Employees
160,000
Return on Equity
17.26%
Net Profit
12,135.30
#4. HCL Technologies:-
The company is a subsidiary of HCL Enterprise.
The company is a leading global IT company that is helping global enterprises to re-think and re-imagine as well as transform their businesses through digital technology transformation.
The company has a very broad horizon and covers various sectors like finance and banking, aerospace, telecom, transportation, chemical and process industries, logistics, and hospitality.
The company is also on the list of the Forbes Global 2000 List and ranked among the top 20 largest publicly traded companies.
HCL is focused on providing combined portfolio services in its MODE 1-2-3 growth strategy.
Mode 1
It incorporates the crucial services in the areas of applications, BPO, etc. to reform clients’ business and IT landscape.
Mode 2
This mode emphasizes on direct business upshots and helps enterprise digitalization
Mode 3
This approach is ecosystem driven to form products and platforms business.
Founded:- 1976
Founder:- Shiv Nadar
Revenue
41,518
Employees
187,000
Return on Equity
25.76%
Net Profit
10,874
#5. Mindtree:-
Mindtree is an IT, outsourcing, and consultancy company.
It is also a part of the Larsen & Toubro Group of companies.
The company has operations in areas like e-commerce, cloud computing, mobile applications, testing, data analytics, digital transformation, and enterprise resource planning.
Founded:- 1999
Founder:- The Company was founded by 10 IT professionals.
Revenue
10,832.40
Employees
21,000
Return on Equity
24.94%
Net Profit
1652.80
#6. Larsen & Toubro Infotech:-
The company is continuously progressing in the IT industry for the past 20 years.
The company is a global tech consulting firm as well as a digital services firm that has helped over 360 clients in a merging world.
Founded:- 1946
Founder:- Henning Holck- Larsen and Soren Kristian Toubro.
Revenue
104,613.06
Employees
337,994
Return on Equity
34.63%
Net Profit
7879.45
#7. Oracle Fin Services:-
Oracle Fin Services Solutions (OFSS) is a subsidiary of the Oracle Corporation.
It provided technology solutions for retail banking, insurance, and corporate banking.
The company also has a huge menu for its other services, like compliance management, accounting, performance measurement, business process management, performance measurement, and human resources.
Founded:- 1990
Founder:- Initially was a part of Citicorporation
Revenue
4152.15
Employees
8818
Return on Equity
33.41%
Net Profit
1811.21
#8. Tech Mahindra:-
The company is an expert in providing outsourcing, IT services, and consultancy services and can also help in solving complex business problems.
The company is a subsidiary of the Mahindra Group.
It is ranked 47th on the Fortune India 500 list.
Founded:- 1986
Founder:- Anand Mahindra
Revenue
36,248.90
Employees
125,700
Return on Equity
21.58%
Net Profit
4913.10
#9. Redington India Limited:-
Redington Limited emerged from a single brand, a single product, and a single market category and provides services like supply chain solutions, consultancy, logistics, and other solutions to complex business problems.
The company started with the distribution of HP peripherals and eventually started adding new products to its list.
Founded:- 1993
Founders:- R. Srinivasan, R. Jayachandran
Revenue
27,506.47
Employees
4000
Return on Equity
15.00%
Net Profit
935.07
#10. Mphasis Limited:-
Mphasis is an American Indian company.
It provides infrastructure technology and application outsourcing services, along with several other services.
The company serves the telecom, financial services, logistics, and technology industries.
The company was ranked 7th on the Fortune India 500 List.
Founded:- 1998
Founders:- Jerry Rao, Jeroen Tas.
Revenue
7512.77
Employees
22,000
Return on Equity
19.96%
Net Profit
1235.25
Conclusion:-
IT has given so much to the country in terms of efficiency, quality, and speed. During the pandemic, it was only IT through which we could survive in terms of telemedicine, virtual teaching, etc.
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