In this article, we will look at some of India’s most valuable tech companies. You can skip our discussion on India’s tech industry growth and go to the 5 Most Valuable Indian Tech Companies in the World.
IT companies have become a major part of big businesses worldwide, as everything is going digital. From education to the legal system, call centers to customer services, medical reports to insurance slips, every industry uses the latest technology to be successful in what they offer to their customers.
Lately, India has managed to come to the list of those countries where technology is booming at its peak. This country is considered a worldwide hub for its IT services. According to a report published by India Brand Equity Foundation (IBEF), the contribution of India’s IT industry to the country’s GDP is around 7.7 percent. By 2025, it is expected to contribute 10 percent. The IT industry of India employs 4.1 million people as of FY19.
People are amazed to see the IT industry’s constant progress in India. The industry has emerged to rise beyond just a service. Now, it is a prominent business in itself. As per McKinsey, the major digital sectors, for example, electronic manufacturing, online communication services, and IT-BPM (Business Process Management), will double India’s GDP level to $435 billion by 2025. That’s why major US tech companies like Amazon.com, Inc. (NASDAQ:AMZN), IBM Common Stock (NYSE:IBM) and Apple Inc (NASDAQ:AAPL) are vying for a chunk of the growing Indian market.
The extraordinary growth of India’s tech companies has also improved employment opportunities for many related to this field.
This article will explore the 15 most valuable Indian tech companies on a worldwide scale. We have ranked these industries based on their market cap, and the data has mostly been taken from the Companies Market Cap website.
15. Larsen & Toubro Infotech Ltd
The company was founded 20 years ago. It offers digital and technology consulting solutions worldwide and has helped over 360 customers in a converging world. LTI operates in 30 countries and has a market cap of $9717.43 million.
Using the mosaic platform, the company accelerates digital transformation that enables many companies’ cloud, IoT, analytics, and social journeys.
14. Redington India Ltd
Redington was founded in 1993. The company started its exciting and eventful journey from one market, product, and brand into one of the leading IT companies in India. Today, it serves over 30 markets that are in their developing phase. It offers supply chain and distribution solutions to more than 220 global brands in Mobility and IT spaces.
The company’s market cap is $1.56 billion. It also provides new-age technologies for its clients, including 5G communications, IoT, Big Data, Robotics, and Artificial Intelligence.
13. Hexaware Technologies Ltd
Hexaware is the fastest-growing company providing global next-generation consulting, BPO, and IT services. The company employs more than 18000 people and has 33 offices worldwide. In this digital era, Hexaware helps the fast-tracking organization with advanced technologies, including transforming customer experiences and automating everything. The company’s current market cap is $1.81 billion.
12. Mphasis Ltd
Founded in 1992, Mphasis comes among the popular software companies of India. Its current market cap is $5.76 billion. The company serves marquee customers worldwide, including three worldwide insurance companies, top mortgage lenders, and six global banks. Mphasis has over 22,000 professionals working in sixteen countries worldwide.
Mphasis offers core reference tools and architectures, combined with powerful domain proficiency in Insurance, Financial, and Banking services.
11. Mindtree Ltd
Mindtree helps companies scale with agility to accomplish competitive advantage. It is a technology service and consulting company, having 21000+ employees worldwide. It provides deep domain knowledge to 350+ clients and works on bringing new initiatives, solving digital complexity, and breaking silos for faster marketing. The current market cap is $6.13 billion. The services provided by this company include the following:
- Use automation and tool driven approach to accelerate product release
- Compliance reporting and data management of Capital market enterprise
- Application maintenance and development of cards and payments, along with integration services.
- Offering data analytics and business intelligence service in the insurance sector
- Chatbots available in the cognitive contact center for insurance
- Risk management, loss control and premium audit services in insurance
10. Tech Mahindra Ltd
One of the popular IT companies, Tech Mahindra offers customer-centric and innovative information technology experiences, providing services to Associates and Enterprises. The company has a market cap of $13.82 billion. Currently, 125,700+ employees work across 90 countries worldwide, assisting customers worldwide. This company comes in the top rank on the 2018 Forbes Global Digital list.
TechM provides high-quality tech services, including testing services, network services, platform solutions, BPO, integrated engineering solutions, infrastructure management services, consulting and application outsourcing. The company also offers new generation solutions, including Internet of Things (IoT), data analytics, cyber security, artificial intelligence, machine learning, big data and cloud computing. Because of the rising tech talent in India, major US tech companies like Amazon.com, Inc. (NASDAQ:AMZN), IBM Common Stock (NYSE:IBM) and Apple Inc (NASDAQ:AAPL) are investing a lot of money to expand location operations in India.
Capgemini is famous globally for providing services in advanced digital formation, designing services, technology, and consultation. It works on contribution administrations, such as digital services, outsourcing, application management, custom solution improvement, artificial intelligence, and business information management.
The company has over 300,000 professionals working across 50 countries. Founded in 1967, the market capitalization of this company is $29.81 billion. The major objective of Capgemini is to:
- Enable companies to achieve a competitive edge through innovation and transformation
- Achieve sustainable profit growth through digital services, such as data management, consumer intelligence and customer experience.
- Work with IT leaders and CIOs to support greater business agility and decrease costs of business operations
8. Cognizant (CTSH)
Cognizant is a well-recognized company specializing in research, IT services, framework combination, application advancement, and business and tech counselling. Cognizant is known to be an IT leader in India. Currently, it has four branches in Bangalore, the city which provides a lot of tech talent for major US companies like Amazon.com, Inc. (NASDAQ:AMZN), IBM Common Stock (NYSE:IBM) and Apple Inc (NASDAQ:AAPL). The company helps change experiences, reimagine processes, and modernize technology to stay competitive in the ever-evolving tech world. The current market cap of Cognizant is $35.39 billion.
Cognizant enables organizations to deal with a dual mandate: to invest money in innovation and make their existing operations as cost-effective and efficient as possible. The company assists its clients in meeting both challenges. It improves productivity by guaranteeing that core business functions work better, cheaper and faster. At the same time, the company implements, architects and conceptualizes new capabilities that enable clients to take their business to the next level.
7. Wipro Limited (WIT)
Wipro Limited also comes among the top valuable tech companies in India. It is a business process and IT consulting service provider company.
The company helps its clients adapt to the digital world through different technologies, such as analytics, cloud, robotics, hyper-automation, and cognitive computing. Currently, its market cap is $36.27 billion.
Established in 1945, Wipro is one of the oldest Indian IT companies. It is the first IT company in India to receive the ISO 4001 certification. Wipro is known worldwide for its good corporate citizenship, strong dedication to sustainability, and detailed portfolio of services.
The company has more than 160,000 skilled employees working with clients globally. According to Investopedia, the revenue of Wipro was $2 million in the 1960s under the leadership of Premji. However, by 2014, the revenue grew to $7 billion, showing a massive increase in sales.
6. HCL Technologies
HCL Technologies is an IT giant that uses digital technology to transform businesses of international enterprises. The company was established in 1976. Currently, the company’s market cap is $37.77 billion. The HCL Technologies revenue for the FY 21 was 534 billion Indian rupees from the IT and business services, which shows an increase of 5.2 percent compared to the previous year. Today, the company has 117,000+ employees in 30 countries.
The company provides IT consulting and computer programming services in the healthcare, automotive, consumer goods, and banking sectors. It operates through three modes: Business Process Outsourcing (BPO), Information Technology, and Software Services.
- The BPO provides next-gen and help-desk services.
- The IT Segment offers outcome-oriented and experience-centric cybersecurity, cloud services, IoT, and Digital & Analytics services. This enables enterprise digitalization and drives business outcomes.
- The Software segment includes all the core services, including research and development, engineering, next-gen SaaS, enterprise application, development, and maintenance. The concept transforms clients” IT businesses into ”agile” and ”lean”.
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Disclosure: None. 15 Most Valuable Indian Tech Companies in the World is originally published on Insider Monkey.