The software industry in India has been one of the country’s major economic contributors for decades, while the top 10 software companies in India are not only the industrial leaders domestically, but also some of the leading information technology (IT) services and business process outsourcing (BPO) providers in the world. As the global demand for software and IT services continues to grow at an exceptional pace, the software and IT industry in India is expected to flourish further. Some of the top software companies in India – such as Tata Consultancy Services Ltd (TCS), Infosys, and Wipro – are also forecasted to maintain their dominance in the domestic market while increasing their presence globally. BizVibe makes it easy and quick to connect with the top 10 software companies in India and help your business grow to another level.
Indian Software Industry Analysis
India is one of the world’s largest and fastest growing software markets, specializing in IT services and business process management outsourcing. According to software industry lobby NASSCOM, the software industry in India generated total revenues of US$160 billion in 2017, with export revenue standing at US$99 billion and domestic revenue at US$48 billion, representing an impressive 13% growth year on year. The USA is currently accounting for more than 60% of the IT exports from India. IBEF (India Brand Equity Foundation) also reports that the IT and business process management (BPM) sector in India is estimated to expand at a CAGR of 9.5% to US$ 300 billion by 2020 and continue to reach US$ 350 billion by 2025.
Recently, the Indian software and IT industry has been increasingly focusing on the latest trends in information technology, including the Internet of Things (IoT), big data, custom software development, artificial intelligence, cloud services and the blockchain. The competencies and strengths of India’s software and IT industry have also attracted significant investments from other major countries.
According to data released by the Department of Industrial Policy and Promotion (DIPP), the computer software and hardware sector in India attracted cumulative Foreign Direct Investment (FDI) inflows US$ 29.825 billion from April 2000 to December 2017, making India one of the world’s most popular investment destinations for software and IT businesses. This is our feature-packed list of top 10 software companies in India that will dominate in 2018.
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Top 10 Software Companies in India for 2018
Tata Consultancy Services Limited (TCS) — leading the list of the top 10 it companies in India — is an Indian multinational information technology (IT) service, consulting and business solutions company headquartered in Mumbai, India. It is a subsidiary of the Tata Group and operates in 46 countries. As the largest software company in India, TCS is also one of the top 10 IT companies in the world, providing services including consulting, software development, infrastructure support, and business process outsourcing. It is currently expanding quickly with the latest technologies like Artificial Intelligence, Machine learning, Internet of things, Cloud Computing and Cyber Security.
List of software products developed by Tata Consultancy Services:
- TCS MasterCraft
- TCS BaNCS
Infosys Limited is an Indian multinational corporation and one of the top software companies in India, that provides business consulting, information technology and outsourcing services. It has its headquarters in Bengaluru, Karnataka, India. Infosys is the second largest IT company in India and one of the top 10 largest IT companies in the world in terms of revenue. It provides software development, maintenance, and independent validation services to companies in finance, insurance, manufacturing and other domains. Offering a wide range of products, expect Infosys to continue dominating these software companies list in the future.
List of software products developed by Infosys:
- NIA – Next Generation Integrated AI Platform (formerly known as Mana).
- Infosys Consulting – a global management consulting service.
- Infosys Information Platform (IIP)- Analytics platform.
- EdgeVerve Systems which includes Finacle, a global banking platform.
- Panaya Cloud Suite.
Headquartered in Bangalore, Karnataka, Wipro is a global information technology, consulting and outsourcing company with over 147,000 employees serving over 900 clients in over 175 cities across six continents and among the most innovative in this top 10 software companies in India list. Wipro is globally recognized for its innovative approach towards delivering business value and its commitment to sustainability. It champions optimized utilization of natural resources, capital and talent.
List of software products developed by Wipro:
- Criminal Tracking Network and Systems ( CCTNS)
- banking platform
HCL Technologies was founded in 1976 and headquartered in Noida. It is an Indian Multinational IT service company. HCL Technologies is offering wide range of services including enterprise transformation, engineering, remote infrastructure management, business process outsourcing etc. The company’s network of 31 offices is spread across the US, Europe and Asia–Pacific. The enterprise comprises two companies listed in India – HCL Technologies and HCL Infosystems.
List of software products developed by HCL Technologies:
- Server Systems
- IT Services
- Digital Solutions
Tech Mahindra, incorporated in 1986, is an Indian multinational provider of information technology (IT), networking technology solutions and business support services to the telecommunications industry. It is a part of the Mahindra Group that employs more than 180,000 people in over 100 countries. Based on it’s software solutions, Tech Mahindra is also one of the major players in the healthcare industry in India.
List of software products developed by Tech Mahindra:
- Real-time patient monitoring systems.
- Training simulators.
- Remote monitoring solution for a leading Asia based healthcare provider.
Oracle Financial Services Software was founded in the year 1990, is a subsidiary of Oracle Corporation. It is headquartered in Mumbai, India. The company provides a wide range of services including business consulting, outsourcing services and IT. It provides IT Solutions to the Banking Industry. The company’s offerings cover retail, private wealth management, corporate and investment banking, funds, trade, treasury, cash management, asset management, payments, lending, and business analytics.
List of software products developed by Oracle Financial Services Software:
- JD Edwards Enterprise One
- Oracle E-Business Suite
- Peoplesoft Enterprise
Larsen & Toubro Infotech was founded in 1997 and headquartered in Mumbai, Maharashtra. LTI provides a wide range of services including digital and automation solutions, IT Consulting, IT Service Management. The company is subsidiary of Larsen & Tourbo. It is a leading IT solutions and software company in the world. LTI has a presence across various regions including India, North America, Europe, Middle East, South America, Africa, Asia Pacific. One of the software companies in Mumbai and in India, Larsen & Toubro Infotech continues to provide a vast array of software products disrupt the industry.
List of software products developed by Larsen & Toubro Infotech:
- Automation Products & Systems
- Engineering Analytics
- Semiconductor IP Solutions
Mphasis Ltd is headquartered in Bangalore, India. The company is a leading IT solutions provider in India and considered one of the best it companies in India, offering applications, business process outsourcing (BPO) and infrastructure services globally. It offers a wide range of services including IT, Business Consulting and Outsourcing Services. The company also provides architecture guidance, application development and integration, infrastructure technology and applications outsourcing services, and application management services.
List of software products developed by Mphasis Ltd:
- Business Consulting
Mindtree Limited is an Indian multinational information technology and outsourcing company headquartered in Bengaluru, India and New Jersey, USA. Mindtree delivers software and IT services and specializes in mobile applications, e-commerce, digital transformation, cloud computing, data analytics, EAI, and ER. It offers a wide range of products In-Store analytics, Intelligent Video Surveillance, Connected Building, Employee Training & Micro Learning and Field Engineer Inspection. MindTree also provides digital, operation and IT consulting services and is considered one of the hottest software companies in the world.
List of software products developed by Mindtree Limited:
- Corporate IT Services
- Technology Consulting
Hexaware Technologies is an IT and business process outsourcing service provider company based in Navi Mumbai, India. It provides software services in Banking, Financial Services, Capital Markets, Healthcare, Insurance, Manufacturing, Retail, Online Education, Telecom, Professional services, Travel, Transportation, and Logistics. Today, it has around 15,000 employees serving over 230 clients around the world.
List of software products developed by Hexaware Technologies:
- Eagle Services
- Business Process Outsourcing (BPO) Services
- Risk and Compliance
- Data Management Services
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Future of the Top 10 Software Companies in India
India has evolved to become of the world’s hottest software and IT industry hubs, offering top-notch services to various sectors and businesses worldwide. In order to move up the value chain, provide better end-to-end solutions, and engage more closely with their global clients, many of these top 10 software companies in India, like Infosys, Wipro, TCS and Tech Mahindra, are diversifying their software services and investing heavily in blockchain, artificial intelligence and cloud computing etc. Therefore, it is expected to see these top Indian IT companies maintain their leadership in the industry in the future. Which future companies do you think will join this list of the largest enterprise software companies next year? Let us know in the comments section.
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