Top 10 Software Companies in India
Introduction
India is one of the leading destinations for software development in the world. The software industry in India contributes significantly to the country’s economy, employment, and innovation. According to NASSCOM, the software industry in India generated $194 billion in revenue in 2020, accounting for 8% of the country’s GDP. The software industry in India also employs over 4.4 million people, making it one of the largest employers in the country.
Software companies in India provide a wide range of services, such as web development, mobile app development, cloud computing, artificial intelligence, blockchain, data analytics, cybersecurity, and more. These services cater to various sectors, such as banking, healthcare, education, retail, manufacturing, and entertainment. Software companies in India also serve global clients across different regions, such as North America, Europe, Asia-Pacific, and the Middle East.
The software industry in India has witnessed tremendous growth in the past few decades, thanks to the availability of skilled talent, low-cost operations, supportive government policies, and increasing demand for digital solutions. The software industry in India is expected to grow further in the future, as new technologies emerge and new opportunities arise. According to NASSCOM, the software industry in India is projected to reach $300-350 billion by 2025.
In this blog, we will look at the top 10 software companies in India based on some criteria, such as revenue generation, employee strength, market capitalization, and customer satisfaction. We will also highlight some of the best software development companies and some of the upcoming IT companies in India that are making a mark in the software industry.
Criteria for selectionTo rank the top 10 software companies in India, we have used the following criteria:
Revenue generation: This refers to the total income generated by the company from its software services and products. Revenue is an indicator of the company’s size, scale, and market share.
Employee strength: This refers to the number of employees working for the company. Employee strength is an indicator of the company’s human resources, expertise, and diversity.
Market capitalization: This refers to the total value of the company’s shares outstanding. Market capitalization is an indicator of the company’s worth, reputation, and stability.
Customer satisfaction: This refers to the level of satisfaction that the company’s customers have with its software services and products. Customer satisfaction is an indicator of the company’s quality, reliability, and loyalty.
Company Overview: The number one software company in India is Tata Consultancy Services (TCS). TCS is a subsidiary of Tata Group, one of the largest conglomerates in India. The company TCS, which has its headquarters in Mumbai, came into existence in 1968.
Service Offered by the Company: TCS offers a variety of software services and products to its clients across different industries and domains. Some of the services offered by TCS are consulting, digital transformation, cognitive business operations, cloud infrastructure, enterprise applications, blockchain, analytics and insights, automation and AI, IoT, cybersecurity, and engineering services. Some of the products offered by TCS are TCS BaNCS (banking and financial solutions), TCS MasterCraft (software engineering tools), TCS iON (digital learning platform), TCS Quartz (blockchain platform), and TCS Ignio (cognitive automation platform).
TCS has a revenue of $22.2 billion as of 2021, making it the largest software company in India by revenue. TCS also has an employee strength of over 488000, making it one of the largest employers in India. TCS has a market capitalization of $169 billion as of October 2021, making it the most valuable software company in India by market cap. TCS has a customer satisfaction score of 4.2 out of 5 on Gartner Peer Insights, making it one of the most trusted software companies in India by customers.
Awards and recognition received by the company: TCS has received several awards and recognition for its excellence in software services and products. Some of them are:
Forbes recognizes it as one of the top employers in the world.
Ranked as one of the World’s Most Innovative Companies by BCG
Ranked as one of the World’s Most Respected Companies by Barron’s
Awarded as the Leader in Gartner Magic Quadrant for Managed Workplace Services
Awarded as the Leader in IDC MarketScape for Worldwide Artificial Intelligence Services
Company Overview: The number two software company in India is Infosys. Infosys is a multinational corporation that provides IT consulting and outsourcing services. In 1981, Infosys initiated its business and established its headquarters in Bangalore.
Service Offered by the Company: Infosys offers a range of software services and products to its clients across various sectors and geographies. Some of the services offered by Infosys are digital transformation, cloud and infrastructure, data and analytics, AI and automation, engineering, business process management, testing, and enterprise application integration. Some of the products offered by Infosys are Infosys Nia (AI platform), Infosys Finacle (banking and financial solutions), Infosys EdgeVerve (business applications), Infosys McCamish (insurance solutions), and Infosys Live Enterprise Suite (enterprise modernization platform).
Revenue and Market Share of the Company: Infosys has a revenue of $13.6 billion as of 2021, making it the second-largest software company in India by revenue. Infosys also has an employee strength of over 259000, making it one of the biggest employers in India. Infosys has a market capitalization of $95 billion as of October 2021, making it the second-most valuable software company in India by market cap. Infosys has a customer satisfaction score of 4.3 out of 5 on Gartner Peer Insights, making it one of the most reliable software companies in India by customers.
Awards and Recognition Received by the Company: Infosys has received many awards and recognition for its outstanding performance in software services and products. Some of them are:
Forbes recognizes it as one of the top employers in the world.
Ranked as one of the World’s Most Innovative Companies by BCG
Fortune ranks it as one of the most respected companies in the world.
Awarded as the Leader in Gartner Magic Quadrant for IT Services for Communications Service Providers
Awarded as the Leader in IDC MarketScape for Worldwide Cloud Professional Services
Company Overview: The number three software company in India is Wipro. Wipro is a global IT services and consulting company that provides solutions for various domains and industries. In 1945, Wipro commenced its operations and chose Bangalore as its base.
Service Offered by the Company: Wipro offers a spectrum of software services and products to its clients across different markets and segments. Some of the services offered by Wipro are digital transformation, cloud and infrastructure, data and analytics, AI and automation, engineering, business process services, testing, and cybersecurity. Some of the products offered by Wipro are Wipro HOLMES (AI platform), Wipro Gallagher Solutions (mortgage solutions), Wipro VirtuaDesk (desktop virtualization solution), Wipro Opus (risk management solution), and Wipro HealthPlan Services (healthcare solutions).
Employee Strength and Expertise: Wipro has a revenue of $8.7 billion as of 2021, making it the third-largest software company in India by revenue. Wipro also has an employee strength of over 197000, making it one of the major employers in India. Wipro has a market capitalization of $39 billion as of October 2021, making it the third-most valuable software company in India by market cap. Wipro has a customer satisfaction score of 4.2 out of 5 on Gartner Peer Insights, making it one of the most dependable software companies in India by customers.
Awards and Recognition Received by the Company: Wipro has received numerous awards and recognition for its excellence in software services and products. Some of them are:
It is among the world’s finest employers, according to Forbes.
Ethisphere ranks it as one of the most ethical companies in the world.
Ranked as one of the World’s Most Sustainable Corporations by Corporate Knights
Awarded as the Leader in Gartner Magic Quadrant for Data Center Outsourcing and Hybrid Infrastructure Managed Services
Awarded as the Leader in IDC MarketScape for Worldwide Cloud Ecosystems and Platforms Services
Company Overview: One of the best software development companies in India is Techuz Infoweb Pvt Ltd. Techuz is a web and mobile app development company that specializes in creating innovative and scalable digital solutions. Techuz was founded in 2013 and is headquartered in Ahmedabad.
Service offered by the Company: Techuz offers a variety of software development services and products to its clients across different domains and platforms. Some of the services offered by Techuz are web development, mobile app development, cloud computing, artificial intelligence, blockchain, data analytics, UI/UX design, and testing. Some of the products offered by Techuz are Valens (school management system), Feedify (customer engagement platform), Eventifyd (event management app), and Vizitor (visitor management app).
Employee Strength and Expertise: Techuz has an employee strength of over 50, making it one of the best software development companies in India by employee expertise. Techuz also has a customer satisfaction score of 4.9 out of 5 on Clutch, making it one of the best software development companies in India by customer feedback.
Awards and Recognition Received by the Company: Techuz has received several awards and recognition for its excellence in software development services and products. Some of them are:
Ranked as one of the Top Web Development Companies in India by Clutch
Ranked as one of the Top Mobile App Development Companies in India by GoodFirms
Ranked as one of the Top AI Development Companies in India by SoftwareWorld
Awarded as the Best Startup of the Year by Gujarat Innovation Society
There are many upcoming IT companies in India that are making a mark in the software industry with their innovative and cutting-edge solutions. Some of them are:
Zomato: Zomato is an online food delivery and restaurant discovery platform that connects customers with restaurants across various cities in India and abroad. Zomato was founded in 2008 and is headquartered in Gurgaon.
Byju’s: Byju’s is an online education and learning platform that offers personalized and interactive courses for students from kindergarten to 12th grade. Byju’s was founded in 2011 and is headquartered in Bangalore.
Ola: Ola is an online transportation network company that offers ride-hailing, bike-sharing, car rental, and electric vehicle services to customers across various cities in India and abroad. In 2010, Ola started its journey and set up its headquarters in Bangalore.
Paytm: Paytm is an online payment and e-commerce platform that offers digital wallet, mobile recharge, bill payment, ticket booking, online shopping, and banking services to customers across India. Paytm was founded in 2010 and is headquartered in Noida.
Flipkart: Flipkart is an online retail and e-commerce platform that offers a wide range of products, such as electronics, fashion, home appliances, books, groceries, and more to customers across India. Flipkart initiated its journey in 2007 and set up its main office in Bangalore.
Bluelupin: Bluelupin is an online software development and digital transformation company that provides solutions for various domains and industries. Bluelupin was founded in 2013 and is headquartered in Noida.
The software industry in India is one of the most dynamic and thriving sectors in the country. The software industry in India has produced some of the top software companies in the world that provide high-quality and cost-effective software services and products to global clients. The software industry in India also has some of the best software development companies that create innovative and scalable digital solutions for various domains and platforms. The software industry in India also has some of the upcoming IT companies that are disrupting the market with their cutting-edge solutions.
The software industry in India is expected to grow further in the future, as new technologies emerge and new opportunities arise. The software industry in India will also face some challenges, such as talent shortage, competition, regulation, and cybersecurity. However, with the support of the government, academia, industry bodies, and customers, the software industry in India will overcome these challenges and continue to excel.
KeywordsTop Software Development Company in India, Top Web Development Company in India, Top AI Development Company in India