5 Biggest Indian Tech Companies

4. Mphasis Ltd (NSE:MPHASIS.NS)

Number of Employees: 37,500

Mphasis Ltd (NSE:MPHASIS), a global supplier of information technology (IT) solutions with a focus on cloud and cognitive services. It uses cutting-edge technology to support organizations in their global transformation. Mphasis, founded in 1992, serves marquee customers worldwide, including six top international banks, eleven out of fifteen leading mortgage lenders, and three top global insurance firms, and employs around 37,500 people across 21 countries.

In FY2022, Mphasis Ltd increased revenue by 22.4% to INR 11,961.4 crore ($1.47 billion), led by development in the banking and capital markets, technology media, telecom and logistics, and transportation verticals. Additionally, Mphasis’ debt coverage metrics remained favourable as of March 31, 2022, with gearing of 0.2x, TD/EBITDA of 0.6x, and interest coverage of 28.5x. The company’s financial indicators should continue to be strong, supported by strong internal accruals and a cosy capital structure.