Top 10 IT Companies in India by Market Capatilisation – NSE

The IT sector is a major global economic force in India. IT spending in India is projected to grow by 11.1% in 2024, reaching US$ 138.6 billion from US$ 124.7 billion in 2023. The top 10 IT companies in India are global leaders in technology services, from AI to cloud solutions, making the country one of the world’s largest IT hubs and technology employers. By 2026, widespread cloud computing adoption could create 14 million jobs and contribute US$ 380 billion to India’s GDP.

In this article, we will discuss the Top 10 IT companies in India, based on the latest information gathered from stock exchange, NSE and BSE, by comparing there market capitalization as of 19th November 2024.

Top 10 IT COMPANIES IN INDIA 2024

Here’s a quick look at top 10 IT Company in India:

Rank & IT Company	Market Cap (Rs Lakh Crore)	Employee Headcount (Approx)
#1 Tata Consultancy Service	14.90	612,724
#2 Infosys	7.65	312,240
#3 HCL Technologies	5.04	218,621
#4 Wipro Limited	2.94	234,054
#5 LTIMindtree Ltd.	1.75	81,650
#6 Tech Mahindra Ltd.	1.67	145,455
#7 Oracle Financial Services Software Ltd	0.99	8,754
#8 Persistent Systems Ltd	0.88	23,000
#9 Coforge Ltd	0.54	24,607
#10 Mphasis Ltd	0.53	24,518

Tata Consultancy Services (TCS)

CEO: K Krithivasan
Headquarters: Mumbai, Maharashtra, India
Founded on: April 1, 1968
Net Revenue: ₹2.4 lakh crore 

TCS, or Tata Consultancy Services was established in 1968 and is part of the Tata Sons group. It is one of most prominent top 10 IT companies in India  F.C Kohli is one of its co-founders, often referred to as “The Father of Indian IT Industry.” TCS expanded over time and now it stands as a worldwide leader boasting an impressive number of employees which exceeds 616000 across different parts globally.

This company is based in Mumbai and it is the biggest IT company in India with a market cap of 1,487,884.22 Cr INR . The firm offers a wide range of IT services such as networking, development activities along with managed services & outsourcing tasks. Among everything else they do; their Business Process Services (BPS) department generates significant income for them.

In the 2024 rankings by Kantar BrandZ, TCS was declared as the most worthwhile brand of India with a worth of $49,657 million which shows an increase by 16%. The achievement is attributed to their developments in artificial intelligence technology and technical solutions. Moreover, consistent international visibility has been kept up through sponsorships for marathons along with a partnership in Formula E racing events alongside Jaguar.

Infosys

CEO: Salil Parekh
Headquarters: Bengaluru, Karnataka, India
Founded on: July 2, 1981
Net Revenue: ₹1.583 lakh crore

Infosys is one of the best IT companies in India that was established in 1981 by seven engineers from Pune, among them are N.R. Narayana Murthy and Nandan Nilekani. Today, the CEO of this company is Salil Parekh. Throughout the years, it has expanded to become a powerful global provider of IT services that cater to different sectors such as finance and manufacturing. 

This is achieved through innovative tools like Finacle banking software or their own AI platform called NIA. By leveraging strategic acquisitions and technological expertise, Infosys has successfully secured a position among the world’s leading companies for Information Technology Services.

From the most recent data, Infosys employs a total of 343,234 people which makes it among the biggest employers in India. Right now, its market cap is positioned at 764,952.31 crore INR.

HCL Technologies

CEO: C Vijayakumar
Headquarters: Noida, Uttar Pradesh, India
Founded on: November 12, 1991
Net Revenue: ₹1.138 Trillion

HCL Technologies, listed among the top IT companies in India, was established by Shiv Nadar and ex-workers of Delhi Cloth & General Mills at Noida city back in 1976. Beginning as a hardware firm, it has developed into an international leader in IT services.

The company’s journey began with creating microcomputers in 1978 to having its own operating system by 1983, nowadays HCL presents wide-ranging IT solutions like management of infrastructure, consulting service, engineering work along with R&D and BPO facilities under CEO C Vijayakumar’s guidance. This business operates across thirty-two countries employing more than two lakh twenty-four thousand employees.

The company HCLTech has posted notable performance results for the quarter that concluded on 30th September 2024. The firm’s income expanded at a rate of 6.2% YoY, in constant currency terms amounting to $3.4 billion dollars. Its current market cap is standing at 503,805.49 crore INR.

Wipro

CEO: Thierry Delaporte
Headquarters: Bengaluru, Karnataka, India
Founded on: December 29, 1945
Net Revenue: 22,302 crores

Wipro, now listed among the top 10 IT companies in India, began its journey as a vegetable oil production company named M.H. Hasham Premji in 1945. With time, it has evolved into an influential player in the information technology sector under the leadership of CEO Srinivas Pallia and Chairman Tariq Azim Premji.

The company, having a market cap of INR 294,986.71 crore and employing more than 150,000 individuals caters to customers in over 60 countries all around the globe. Their expertise is not restricted to conventional software services but also excels in varied technologies including cloud computing and cybersecurity as well as digital transformation with AI robotics and data analytics while maintaining BPO operations too.

Wipro, well-known for its historical acquisitions worldwide, took over US Insurtech company Agne Global Inc. in February 2024. The acquisition cost was $66 million.

LTIMindtree

CEO: Debashis Chatterjee
Headquarters: Bengaluru, Karnataka, India
Founded on: December 23, 1996
Net Revenue: 34,253.40 Crore

LTIMindtree, one of the most reputed top 10 IT companies in India, was founded in 1996 under the name L&T Information Technology Ltd. It is a branch of Larsen & Toubro company. The firm is headed by CEO Debashis Chatterjee and its main office sits in Mumbai city. They are expert at providing digital transformation and advice on IT services. Boasting over 82,000 workers and having a market value of INR 175,663.72 Crore rupees, LTIMindtree has proven to be an important competitor within the realm of IT sector services.

LTIMindtree’s excellence in manufacturing technology solutions was recognized when they received the 2024 Google Partner of the Year award for Industry Solution Services in Manufacturing, highlighting their leadership in providing innovative solutions to the manufacturing sector.

Tech Mahindra 

CEO: Mohit Joshi
Headquarters: Pune, Maharashtra, India
Founded on: October 24, 1986
Net Revenue: ₹1,250 crore

Tech Mahindra’s beginnings can be  traced back to 1986 when Anand Mahindra collaborated with British Telecom for the establishment of an IT services firm. Currently, under the leadership of CEO Mohit Joshi, it is a component of the bigger conglomerate known as Mahindra Group. Predominantly, this company gives assistance to telecom companies through IT support and network solutions besides managing customer service activities.

In 2024, Tech Mahindra’s main focus is on artificial intelligence (AI) and their NXT.NOW™ program. They hired Richard Lobo as Chief People Officer to lead three key areas: bringing AI into their work, building a diverse team, and managing employee talent. His role helps the company stay innovative by using new technology and skilled workers.

Tech Mahindra is among the top 10 IT companies in India. It has a present market cap of 167,290.41 Crore INR and employs up to 146,250 people.

Oracle Financial Services 

CEO: Makarand S. Padalkar
Headquarters: Mumbai, India
Founded on: December 4, 1989
Net Revenue: ₹1,674 crore

Oracle Global (Mauritius) Limited established Oracle Financial Services Software Ltd. as a subsidiary in 1989. Their primary focus is on providing the financial services industry with financial software, bespoke application development, consultancy, IT infrastructure management, and business processing services that are outsourced.

On April 24, 2024, Oracle Financial Services announced an equity dividend of 4800% on a face value of ₹5, which amounts to ₹240 per share

With a market capitalization of 99,794.96 crore INR and an employment base of 8,818. The company’s income is principally derived from two sources: the products business, which was previously known as BPD – Banking Products business, and prime sourcing.

Persistent System

CEO: Sandeep Kalra
Headquarters: Pune, Maharashtra, India
Founded on: May 16, 1990
Net Revenue: ₹2,897 crore

Persistent Systems, started by Anand Deshpande in 1986 in Pune city, is considered one of the top 10 IT companies in India. Now under CEO Sandeep Kalra’s leadership they concentrate on cloud computing, Internet of Things (IoT), and artificial intelligence.

In the last five years the company has shown notable growth and it now employs over 23,000 experts spread across fifteen countries. The financial achievement is demonstrated by their market cap of 88,452.74 crore INR and the operating income equaling 1,724 crore INR in the year 2024.

Coforge Ltd

CEO: Sudhir Singh
Headquarters: Noida, India
Founded on: 13 May, 1992
Net Revenue: ₹3,062.30 crore

Coforge is among top 10 IT companies in India, helping businesses worldwide make better use of modern technology. They excel in cloud computing, data analysis, and business automation, using these tools to help companies work smarter and grow faster. 

With over 17,000 employees spread across 21 countries and 26 service centers in 9 nations, Coforge has built a strong global presence. What makes them stand out is their focused approach – instead of working with all types of businesses like their competitors do, they concentrate on specific industries where they’ve developed deep expertise. According to latest stats it’s market cap is standing at 54,878.33 Crore INR.

Mphasis

CEO: Nitin Rakesh
Headquarters: Bengaluru, Karnataka, India
Founded on: June 6, 2000
Net Revenue: ₹13,814 crores

Mphasis Limited, one of  top IT companies in India, has its main office in Bangalore. It was started by Jerry Rao and Jeroen Tas in 1998 in California. The firm made an entry into the Indian market two years later by amalgamating with BFL Software Limited. This software firm had been set up by Ravi Mallikarjuniah, Dr. Ganesh Natarajan, and Vijay Reddy.

Mphasis, a significant entity in India’s IT field, is known for delivering technology services to prominent sectors such as banking, insurance, healthcare production, and selling. Their proficiency lies in managing IT infrastructure along with application creation and globally provided tech consultation services. By the year 2024, the firm has built up an impressive workforce composed of 33,771 staff members and boasts a market worth INR 53,530.59 crore.

Conclusion

We have looked into the top IT companies in India for 2024, based on their market value. The future appears promising for the IT sector, especially due to the quick progress of artificial intelligence and generative AI. As technology keeps advancing, these industry front-runners are excellently positioned to introduce new ideas, transform existing ones, and seize fresh market opportunities.