India is one of the biggest hubs for IT companies the world over. With global companies looking to make their way into the Indian IT sector, there are a tremendous number of Indian IT Companies which have impacted the industry in a big way. Here is a list of the top 10 IT companies in India 2014. At bottom of the list we have rising companies like Rolta, Polaris,Mindtree with Revenues near Rs. 2000 Crores. In the middle we have Oracle Financials, Mphasis, Tech M, HCL and towards the Top giants like TCS, Infosys and Wipro.
10) Rolta India
Revenue: Rs 1083 Cr
Rolta India (founded in 1989) is headquartered in Mumbai, India and is led by Mr. Kamal K Singh as the current CEO and Managing Director. The company has various branches in various parts of India (Mumbai and Gurgaon) and Canada. Rolta employs around 5000 professionals and has a countrywide infrastructure and international subsidiaries across the globe. Services provided by Rolta India include geospatial engineering design such as plant design and mechanical design solutions and services, plant information management services and engineering design services for ship building and other applications, eSecurity services and solutions along with software development services such as high end games development and software testing. Recently Rolta India Ltd. had won a $31 million contract from Memphis Light gas and Water (MLGW) to provide consulting, systems integration and software services to the largest three-service municipal utility in the US.
9) Polaris Technology
Revenue: Rs 1487 Cr
Polaris (founded in 1993) has its headquarters in Chennai, India and has around 12,500+ employees spread worldwide. It is a provider of financial technology products, legacy modernization services and consulting for core banking, corporate banking, wealth & asset management and insurance. Arun Jain is the current CEO and Chairman and Govind Singhal is the current President and COO. In April 2013, Polaris launched its 8012 FT Design Center - the world's first Center dedicated to Financial Technology. 8012 FT Design Center is spread over 30,000 sq. ft and is located in the 22 acre Polaris campus on the IT Highway in Chennai. In a quest for knowledge opportunity, spanning over the last 2 decades (11 years as Polaris), Polaris has established its solutions and services footprint globally contributing to the realization of its business vision.
Revenue: Rs 2208 Cr
Mindtree (founded in 1999) is headquartered in Bangalore, India and has a corporate office in New Jersey, USA. The company with its 13000+ employees is led by Mr. Subrorto Bagchi and Mr. Krishnakumar Natarajan, the former as the Chairman and the latter as the CEO. The two were also the founders of the company; they had the idea of starting up an IT services company and were already, in some sense, industry icons with Bagchi being the chief executive of Wipro’s R&D team and Natarajan being the chief executive of Wipro’s e-commerce division. Mindtree has been able to grow fast with around 28 offices located across USA, Netherlands, Sweden, UK, Germany, France, Switzerland, Belgium, Australia, Singapore, China, UAE and India. It follows a consulting driven approach and caters to over of 40 Fortune 500 enterprises. The core services of the company are in the areas of Agile, Digital, Analytics, Testing, Infrastructure Management and SAP.
7) Oracle Financial Services
Revenue: Rs 2396 Cr
Oracle Financial Services (founded in 1990) has headquarters in Mumbai, India. It is a subsidiary of Oracle Corporation and claims to have more than 900 customers. Oracle Financial Services Software has a strong global reach with a sales, marketing and support presence in 27 overseas locations operating under four subsidiaries (Oracle Financial Services Software, Inc. in the USA, Oracle Financial Services Software b.v. in The Netherlands, Oracle Financial Services Software Pte. Ltd. in Singapore, and iPSL in India). In addition, the Company is represented in over 85 countries through over 32 corporate business partners. With employee strength of around 10,000 it has been entering into vast domains of banking like Core Banking, Private Banking, and Lending etc. Oracle Financial Services Software Limited has two main streams of business. The products division (formerly called BPD – Banking products Division) and Prime Sourcing. Recently, Oracle Financial Services even launched products for Internal Capital Adequacy Assessment Process, exposure management, enterprise performance management and energy and commodity trading compliance.
Revenue: Rs 2433 Cr
Mphasis (then, Mphasis BFL Limited) was formed in June 2000 after the merger of the US-based IT consulting company MphasiS Corporation (founded in 1998) and the Indian IT services company BFL Software Limited (founded in 1992).It is a Bangalore based IT services company majority owned by Hewlett-Packard and is led by Mr. Balu Ganesh Ayyar as CEO. It has offices in more than 19 countries and in India it is present in almost 11 locations. Consistently Mphasis has delivered superior global Infrastructure Technology Outsourcing, Applications Services Outsourcing and Business Process Outsourcing services through a combination of technology know-how, domain and process expertise. The markets served by the company are financial services & insurance, healthcare, manufacturing, government, transportation, communications, and consumer & retail industries. In February 2014 the Mphasis Company changed its logo and the Brand Name as Mphasis Unleash the Next as it seeks to boost business other than from parent Hewlett-Packard, currently its largest client. With around 50,000 employees this is a growing company with a seemingly bright future.
5) HCL Technologies
Revenue: Rs 11792 Cr
HCL Technologies is a $5.2 billion global company bringing IT and engineering services expertise under one roof to solve complex business problems for customers. It was founded in 1991 and is currently headquartered in Noida, India and serves around 31 countries worldwide. It has a high resource base of around 90,190 employees. Shiv Nadar and Anant Gupta lead the organization the former as the Chairman and the latter as the CEO and President. HCL Technologies has made it on the Forbes Global 2000 list and is one of Asia’s Fab 50 Companies. “Employees first, Customer Second” is its logo which according to the company acts as an energy booster for its employees and hence helps engaging its employees in a way that allows them to deliver business value – whether it involves enterprise application services, IT infrastructure management, custom application services, engineering and R&D services, business services or enterprise transformation services.
4) Tech Mahindra
Revenue: Rs 11925 Cr.
Tech Mahindra is part of the $12.5 billion Mahindra Group, in partnership with British Telecommunications plc (BT), one of the world’s leading communications service providers. It was founded in 1986 and currently has its headquarters in Mumbai, India. The merger with Mahindra Satyam in the year 2013 has helped it climb the ladder from the number 5 to the number 4 as compared to last year’s statistics and hence now the complete entity has 89,500 employees, servicing 540 customers across 49 countries. It has some well known famous personalities linked with its success, Anand Mahindra was its founder and current chairman and CP Gurnani holds the position of the CEO and MD. Its activities spread across a broad spectrum, including Business Support Systems (BSS), Operations Support Systems (OSS), Network Design & Engineering, Next Generation Networks, Mobility Solutions, and Security consulting and testing. However, The primary segment of the Company is business segment by category of customers is the Telecom Service Providers (TSP), Telecom Equipment Manufacturer (TEM), BPO and others, which includes non telecom vertical customers and the secondary segment is the geographical segment by location of its customers.
Revenue: Rs 28312 Cr
Wipro founded in 1945 by Mr. MH Premji (current CEO Mr. TK Kurien), has 146,053 employees spread across 61 countries. Wipro Limited is a global provider of comprehensive IT solutions and services, including Systems Integration, Consulting, Information Systems outsourcing, IT-enabled services, and R&D services. It is also a value added reseller of desktops, servers, notebooks, storage products, networking solutions and packaged software for international brands. To focus on core IT Business, it demerged its non-IT businesses into a separate company named Wipro Enterprises Limited with effect from 31 March 2013. This company offers services in healthcare, infrastructure etc. and contributed to around 10% of the profit. Wipro is presently ranked among the top 100 Technology companies in the world. It is the first Indian IT Service Provider to be awarded Gold-Level Status in Microsoft's Windows Embedded Partner Program and the first in the world to use six sigma.
Revenue: Rs 32975 Cr.
Infosys (founded in 1981) is led by the renowned Mr. Narayan Muthi and is headquartered in Bangalore,India. It has global presence with 73 offices and 94 development centers in the United States, India, China, Australia, Japan, Middle East, and Europe, giving employment to around 160,405 employees worldwide. Infosys provides software development, maintenance and independent validation services to companies in banking, finance, insurance, manufacturing and other domains. From a capital of about US$ 250, it has grown to become a US$ 8.25 billion (FY14 revenues) company with a market capitalization of approximately US$ 31 billion. Apart from its IT service excellence Infosys has been ranked among the 'Top Ten Greenest Brands in India,’ according to a consumer survey conducted in 2011 by Cohn & Wolfe. Infosys has been featured in the 'Green Brands' list for the third consecutive year. Hence, for over three decades, Infosys as a company focused on bringing to life great ideas and enterprise solutions that drive progress for clients.
1) Tata Consultancy Services
Revenue: Rs 47779 Cr.
TCS (founded in 1968) is headquartered in Mumbai, India and is the leading company in IT services and IT consulting in India. Its founder was the much renowned J.R.D. Tata and is currently led by Mr. Natarajan Chandrasekaran at the CEO position. It has around 300,464 employees spread across 46 countries across the world. This company has also been added to the ‘Big 4’ most valuable IT services brands worldwide with IBM, HP and Accenture. TCS has been able to maintain its number 1 position in Indian IT industry since a long period of time and has also been ranked amongst the top worldwide. TCS and its 59 subsidiaries provide a range of information technology-related products and services including application development, business process outsourcing, capacity planning, consulting, enterprise software, hardware sizing, payment processing, software management and technology education services. Hence, it has been building on more than 40 years of experience, and strives to add real value to global organizations through its domain expertise and world-class service.