India’s top 10 tech companies in 2023

In the fast-evolving landscape of global technology, India stands as a beacon of innovation, with its leading IT companies making significant strides in shaping the future.

Tata Consultancy Services (TCS)


Tata Consultancy Services (TCS), India’s leading IT company, is one of the global leaders in delivering IT services, consulting, and business solutions. Established in 1968, TCS is among the oldest IT companies in India, contributing significantly to sectors such as banking, retail, telecom, and healthcare. TCS recently formed a partnership with AIB Life, a joint venture of Allied Irish Banks and Great-West Lifeco, to extend financial services to AIB’s customers through the AIM mobile banking app, leveraging its flagship insurance platform, TCS BaNCS.


Infosys, a respected global company specialising in cutting-edge digital services and consulting, has played a pivotal role in driving India’s IT revolution since its establishment in 1981. Emphasising innovation and sustainability, Infosys offers business consulting, information technology, and outsourcing services. In a significant move in June 2023, Infosys joined forces with Danske Bank, embarking on a digital transformation journey valued at $454 million over the initial five years.

HCL Technologies

HCL Technologies, a contemporary international technology company founded in 1976, is at the forefront of assisting businesses in their digital transformation journey. Recently inaugurating a Global Delivery Centre in Rabat, Morocco, HCL is spearheading transformation projects in digitization, cloud, AI, and software. HCL Technologies Ltd. specialises in computer programming, consulting, and related services, operating across three segments: software services, information technology (IT), and business process outsourcing services. With a workforce of over 219,000 employees across 46 countries, HCL Technologies Ltd. witnessed a remarkable 13.6% YoY increase in revenue in FY2022. This growth is attributed to heightened demand for technology and digital transformation initiatives, showcasing a robust financial profile with positive signals for debt coverage.

Wipro Limited

Wipro Limited, a top-tier international company specialising in information technology, consulting, and business process services, has been navigating the digital landscape since 1945. Utilising cognitive computing, hyper-automation, robotics, cloud, and analytics, Wipro aids clients in adapting to the digital realm. The recent collaboration between Wipro FullStride Cloud and Pure Storage aims to expedite the sustainability journey. Ranked 4th among India’s top tech companies, Wipro boasts a workforce of 259,179 people and continues to support customers, workers, and communities amidst a dynamic world.

LTI Mindtree Ltd

LTI Mindtree Ltd, a well-established global technology consulting and services provider, stands out in the industry with its unique blend of scale and agility. In a recent strategic move, LTI Mindtree partnered with Schneider-Neureither & Partner (SNP) to introduce “Fast Forward” in June 2023. This comprehensive solution aims to accelerate migration to the SAP S/4HANA platform, ensuring minimal risk while retaining the ERP.
The creation of LTI Mindtree marks a significant milestone, resulting from the merger between Larsen & Toubro Infotech (LTI) and Mindtree (LTIM), IT service companies under Larsen & Toubro (L&T). With L&T holding a substantial 68.73% stake in the amalgamated organisation, the new CEO, Debashis Chatterjee, takes the reins, succeeding Sanjay Jalona. Offering a diverse range of IT services, LTI Mindtree employs over 120,000 professionals across 30 countries, anticipating revenue to soar to $5 billion in the upcoming fiscal year.

Tech Mahindra

Tech Mahindra, committed to delivering innovative and customer-centric IT solutions since 1986, recently announced a significant leadership transition. Mohit Joshi, formerly the President at Infosys, is set to become Tech Mahindra’s MD & CEO after the retirement of Gurnani on December 19, 2023. As a key player in the IT Software industry, Tech Mahindra Ltd, with a market cap of $12.01 billion, operates in 90 countries, employing 151,173 professionals and serving 941 worldwide customers, including Fortune 500 corporations. The company’s revenue from operations reached INR 44,646 crores ($5.49 billion) in FY2022, driven by robust demand across all verticals, with 88% generated from IT services and 12% from Business Process Outsourcing.


Established in 1998, Mphasis, a pioneer in applying next-generation technology for global business transformation, faced challenges in the last quarter of 2022. Despite tumultuous conditions, strategic investments from BlackStone, alongside co-investments from the Abu Dhabi Investment Authority and The Regents of the University of California, remain a strong support for the company. Uniquely positioned to drive digital transformation, Mphasis continues to leverage its expertise in seamless service delivery and business process, offering a comprehensive portfolio of services to help enterprises worldwide transform their businesses.

Persistent Systems

Persistent Systems, a global powerhouse in digital solutions and enterprise modernization, has been revolutionising the business landscape since its establishment in 1990. Recognized for its profound technological expertise, the company underwent a significant leadership change during the COVID-19 crisis in 2020. Sandeep Kalra assumed the role of CEO, succeeding the founder Anand Deshpande’s reevaluation of the firm’s trajectory with Christopher O’Connor, an IBM executive. Under Kalra’s leadership, Persistent Systems soared to new heights, setting an ambitious target of $1 billion in annual revenues within six to eight quarters, a goal achieved by the March quarter of FY 2023 in just five quarters. Kalra, a veteran from HCL Tech and with experience at Samsung, has been instrumental in the company’s transformative journey.

Oracle Financial Services

Established in 1990, Oracle Financial Services has become a leading provider of comprehensive and contemporary banking applications, catering to complex IT and business requirements on a global scale. Recently, Malaysian financial organisation AmBank (M) Berhad extended its technology collaboration with Oracle, signing a deal for Financial Analytical Applications. Additionally, Ajman Bank in the UAE inked an agreement with Oracle, subscribing to the Oracle Financial Services Analytical Applications Cloud Service, further strengthening the technology landscape.

Coforge Ltd

Formerly known as NIIT Technologies, Coforge Ltd, a prominent mid-sized Indian IT services firm founded in 1981, is making waves in the industry. With a robust $720 million order book, the company offers a spectrum of services, including image identification, RPA, NLP, workflow automation, deep learning, machine learning, multi-currency, multi-lingual, and multi-channel experiences. Boasting well-known international clients like the ING group, SEI Investments, British Airways, Sabre, and SITA, Coforge Ltd has established subsidiaries across the US, Singapore, Australia, the UK, Germany, and Thailand. The company’s 22,000 experts globally leverage their technological prowess to help clients enhance their organisational capabilities.