List of the Top 10 Best IT Company in India based on Market Capitalization in 2020
- Tata Consultancy Services
- Infosys
- HCL Technologies Ltd
- Wipro Ltd
- Tech Mahindra Ltd
- L&T Infotech Ltd
- Oracle Financial Services Software Ltd
- Mphasis Ltd
- Mindtree ltd
- Hexaware Technologies Ltd
Key drivers to IT company’s growth in India are:
- Low cost of operation and tax advantages
- Supportive government policies
- Availability of technically skilled manpower
- Rapid introduction of IT technologies in major sectors such as telecom, BFSI and more Strong growth in export demand
- Adoption of new technologies like cloud computing, Artificial Intelligence, Big Data, etc
- Government established SEZs
Top 10 IT Company in India
#1. Tata Consultancy Services
TCS is the No.1 IT company listed in India with a market capitalization of Rs. 7,777,400 crore in 2020 and is the second-largest company in India after Reliance Industries Ltd.
Industry | IT Services,IT consulting |
Founded | 1968; 52 years ago |
Founder | Tata Sons |
Chairman | N. Chandrasekaran |
MD | Rajesh Gopinathan |
Tata Consultancy Services is an IT services, consulting, and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.
It is currently the largest Indian IT services company. The company pioneered the concept of offshore IT services in 1974 and emerged as an integrated full-service provider with a global footprint
It was listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in August 2004.
It offers a rich portfolio of services, which includes consulting and service integration, digital transformation services and cognitive business operation
KEY INDUATRY SEGMENT
- Banking & Financial Services
- Consumer goods and distributor
- Communication,Media & Technology
- Energy, Resources & Utilities
- Hi-Tech
- Insurance
- Life science & Healthcare
- Manufacturing
- Public service
- Retail
- Travel,transportation & Hospitality
REVENUE BREAK-UP BY INDUSTRY VERTICAL

REVENUE BREAK-UP GEOGRAPHY WISE

BRAND VALUE
TCS LTD is recognized as a top employer brand across the major markets it operates in, including North America, Europe, UK, India, Latin America, and Australia, among others.
According to Brand Finance, TCS’ brand value grew 476% from 2010-2020, the highest percentage growth in the IT services industry; year-on-year brand value grew from $12.8bn to $13.5bn in FY 2020, making TCS the fastest growing among the top three IT services brands for the second year running.

CURRENT YEAR
FINANCIAL DATA OF TCS LTD
- Market Cap: 777,400 Cr
- Current Price: 2,072
- 52 weeks High / Low 2296.20 / 1504.40
- Book Value: 224.19
- Stock P/E: 24.07
- Dividend Yield: 1.59 %
- ROCE: 47.76 %
- ROE: 37.21 %
- Sales Growth (3Yrs): 9.99 %
BONUS SHARE ISSUE HISTORY

FINANCIAL PERFORMANCE OF TCS IN LAST 10 YEARS
YEAR | 2010 | 2020 | CAGR RETURN(%) |
---|---|---|---|
Sales | 30,029 | 1,56,949 | 17.98% |
Profit | 7,001 | 32,340 | 16.54% |
Share Price | 382 | 2072 | 18.42% |
JOURNEY OF TCS SINCE LISTING

#2.Infosys Ltd
Infosys is the second-largest IT company listed in India with a market cap of Rs 3,07,000 cr in 2020.
Industry | IT Service,IT Consulting |
Founded | 7 July 1981; 38 years ago |
Founder | N.R. Narayana Murthy, Nandan Nilekani,S. Gopalakrishnan, S. D. Shibulal, K. Dinesh, N. S. Raghavan ,Ashok Arora |
Chairman | Nandan M. Nilekani |
MD | Salil Parekh |
Infosys Limited is an Indian multinational corporation that provides business consulting, information technology, and outsourcing services.
- It is a global leader in next-generation digital services and consulting
- Founded in 1981 as Infosys Consultants Private Limited.
- Get listed on BSE and NSE in 1993.
- From a capital of US$ 250, It has grown to become a US$ 12.78 billion (FY20 revenues) company
It is a large Indian IT services company, offering a range of services, including application development and maintenance, consulting and systems integration, enterprise application and package implementation, and re-engineering services.
KEY INDUSTRY SEGMENT
- Aerospace & Defence
- Agriculture & Automotive
- Communication Services & Consumer Packaged Goods
- Financial & Education
- Healthcare & Life science
- High technology
- Industrial Manufacturing
- Information Services & Publishing
- Logistics & Distribution
- Media & Entertainment
- Mining & utility
- Oil & Gas
- Professional Services & Public Sector
- Retail
REVENUE BREAK-UP BY INDUSTRY VERTICAL

(1) FS – Includes enterprises in Financial Services and Insurance
(2) Retail – Includes enterprises in Retail, Consumer Packaged Goods and Logistics
(3) COM – Includes enterprises in Communication, Telecom OEM and Media
(4) EURS – Includes enterprises in the Energy, Utilities, Resources and Services
(5) MFG – Includes enterprises in Manufacturing
(6) Hi-Tech – Includes enterprises in Hi-Tech
(7) LS – Includes enterprises in Life Sciences and Healthcare
(8) Others – Includes segments of businesses in India, Japan, China, Infosys Public Services and other enterprises in public services
REVENUE BREAK-UP GEOGRAPHY WISE

CURRENT YEAR
FINANCIAL DATA OF INFOSYS LTD
- Market Cap: 307,018 Cr.
- Current Price: 720.85
- 52 weeks High / Low 847.40 / 509.25
- Book Value: 153.67
- Stock P/E: 18.65
- Dividend Yield: 2.43 %
- ROCE: 32.58 %
- ROE: 25.24 %
- Sales Growth (3Yrs): 9.85 %
FINANCIAL PERFORMANCE OF INFOSYS LTD IN LAST 10 YEARS
YEAR | 2010 | 2020 | CAGR RETURN(%) |
---|---|---|---|
Sales | 22,742 | 90,791 | 14.85% |
Profit | 6266 | 16,594 | 10.23% |
Share Price | 330 | 720.85 | 8.13% |
INFOSYS AMAZING JOURNY SO FAR

Must Read : 25 years since listing! 100 Infosys shares bought in 1993 could have turned you into a crorepati
#3. HCL Technologies Ltd
HCL Technologie Ltd is the third largest IT company in India with a market cap of Rs 1,56,918 Cr in 2020
Industry | IT Service,IT Consulting |
Founded | 11 August 1976; 43 years ago |
Founder & Chairman | Shiv Nadar |
MD | C Vijaykumar |
HCL Tech is a leading global IT services company, which is ranked amongst the top five Indian IT services companies in terms of revenues.

Since its inception into the global landscape after its IPO in 1999, HCL Tech has focused on transformational outsourcing and offers an integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering, and R&D services and BPO
It has 47,123 employees and its customers include 250 of the Fortune 500 and 650 of the Global 2000 companies.
KEY INDUSTRY SEGMENTS
- Banking & Insurance
- capital market
- Life Sciences and Healthcare
- Energy and Utilities
- mining and natural Resources
- Oil & Gas
- travel,Transport,Logistics & Hospitality
- Retail and Consumer Goods
- Media and Entertainment
- Telecom
- Aerospace and Defence
- Automotive
- Chemical and Process Industries
- Hi-Tech
- Industrial manufacturing
BUSINESS SEGMENTS
The Group derives its revenue from three segments viz Software services, IT Infrastructure Services, and Business Process Outsourcing services.


CURRENT YEAR
FINANCIAL DATA OF HCL TECHNOLOGIES LTD
- Market Cap: 156,918 Cr.
- Current Price: 578.25
- 52 weeks High / Low 624.00 / 375.25
- Book Value: 188.92
- Stock P/E: 14.19
- Dividend Yield: 0.86 %
- ROCE: 30.67 %
- ROE: 25.76 %
- Sales Growth (3Yrs): 24.74 %
BONUS HISTORY
DATE | RATIO |
---|---|
05 Dec 2019 | Issue 1:1 |
19 Mar 2015 | Issue 1:1 |
FINANCIAL PERFORMANCE OF HCL TECHNOLOGIES IN LAST 10 YEARS
YEAR | 2010 | 2020 | CAGR RETURN(%) |
---|---|---|---|
Sales | 12,136 | 70,676 | 19.27% |
Profit | 1259 | 11,057 | 24.57% |
Share price | 90.67 | 578.25 | 20.37% |
#4. WIPRO LTD
- Wipro is the 4th largest IT company listed in India with a market cap of Rs 1,24,753 Cr in 2020.
Industry | IT Service,IT Consulting |
Founded | 29 December 1945 |
Founder | Mohamed Premji |
CEO | Abidali Z Neemuchwala |
Wipro Limited is a leading global information technology, consulting, and business process services company.
- It was founded in 1945 by Mohamed Premji as “Western India Palm Refined Oil Limited”, later abbreviated to “Wipro”.
- Its Initial Public Offering was in the year 1946.
- It is listed on the National Stock Exchange and Bombay Stock Exchange in India and the New York Stock Exchange in the US.
- It is a part of BSE and NSE index
KEY INDUSTRY SEGMENTS
- Aerospace & Defence
- oil and Gas
- Banking, Financial Services, and Insurance
- New age market
- Industrial & Process Manufacturing
- Retail
- Travel, Transportation, Hospitality, and logistics
- Automative
- Consumer Electronics
- Healthcare life science
- Public sectors and Government
- semiconductors
REVENUE BREAK-UP BY BUSINESS SEGMENTS


CURRENT YEAR
FINANCIAL DATA OF WIPRO
- Market Cap: 124,753 Cr.
- Current Price: 218.35
- 52 weeks High / Low 301.60 / 159.40
- Book Value: 96.83
- Stock P/E: 12.83
- Dividend Yield: 0.46 %
- ROCE: 19.16 %
- ROE: 17.26 %
- Sales Growth (3Yrs): 4.82 %
BONUS SHARE HISTORY
Date | Bonus Ratio |
---|---|
18-01-2019 | 1:3 |
25-04-2017 | 1:1 |
23-04-2010 | 2:3 |
22-04-2005 | 1:1 |
16-04-2004 | 2:1 |
13-09-1997 | 2:1 |
01-02-1995 | 1:1 |
30-07-1992 | 1:1 |
22-10-1989 | 1:1 |
15-11-1987 | 1:1 |
22-10-1985 | 1:1 |
22-10-1981 | 1:1 |
31-10-1971 | 1:3 |
FINANCIAL PERFORMANCE OF WIPRO LTD IN LAST 10 YEARS
YEAR | 2010 | 2020 | CAGR RETURN(%) |
Sales | 27,213 | 61,138 | 8.43% |
Profit | 4631 | 9722 | 7.70% |
Share Price | 156 | 218 | 3.40% |
JOURNEY OF WIPRO SO FAR
How an Investment Of Rs 10,000 in wipro grew to Rs 741 crores in 39 years
#5.Tech Mahindra Ltd
Tech Mahindra is the 5th largest IT company listed in India with market cap Rs 56,999 Cr in 2020.
Industry | IT Service,IT Consulting |
Founded | 24 October 1986; 33 years ago |
Founder | Anand Mahindra |
CEO | C.P. Gurnani |
Tech Mahindra Limited is an Indian multinational subsidiary of the Mahindra Group, providing IT services and BPO to companies in various vertical and horizontal market.
It is USD 5.2 billion the company with 125,200+ professionals across 90 countries, helping over 970 global customers including Fortune 500 companies spread across America, Europe, and the Asia Pacific.
After the Satyam scandal Of 2008-2009 Tech Mahindra bid for Satyam computer services and emerged as a top bidder with an offer of Rs 58.90 a share for a 31 percent stake in the company, beating strong rival L&T
KEY INDUSTRY SEGMENTS
- Communication
- Media & Entertainment
- Manufacturing
- Banking, Financial Services, and Insurance
- Healthcare life science
- Retail and Consumer Goods
- Energy and Utility
- hi-Tech
- Travel, Transportation, Hospitality, and logistics
- Public sectors and Government
- Professional Services
- oil and Gas
Revenue distribution by Industry (%)


CURRENT YEAR
FINANCIAL DATA OF TECH MAHINDRA LTD
- Market Cap: 56,999 Cr.
- Current Price: 590.00
- 52 weeks High / Low 845.90 / 470.25
- Book Value: 225.79
- Stock P/E: 14.13
- Dividend Yield: 2.54 %
- ROCE: 25.62 %
- ROE: 21.58 %
- Sales Growth (3Yrs): 9.45 %
BONUS SHARE HISTORY
DATE | BONUS RATIO |
---|---|
30-01-2015 | 1:1 |
FINANCIAL PERFORMANCE OF TECH MAHINDRA IN LAST 10 YEARS
YEAR | 2010 | 2020 | CAGR RETURN(%) |
---|---|---|---|
Sales | 4,625 | 36,868 | 23.07% |
Profit | 700 | 4,033 | 19.15% |
Share Price | 228.23 | 590 | 9.96% |
#6. L&T Infotech Ltd
L&T Infotech is the 6th largest IT company in India with a market cap of Rs. 32,572 Cr.
Industry | IT Service,IT Consulting |
Founded | 23 December 1996; 23 years ago |
Parent | Larsen & Toubro |
Chairman | A.M.Naik |
MD | Sanjay Jalona |
L&T Infotech Ltd is a global technology consulting and digital solution company helping more than 420 clients succeed in converging words.
- It is a wholly-owned subsidiary of L&T
- During 2001–2002 the company’s name was changed from L&T Information Technology Limited to Larsen & Toubro Infotech Limited
- Larsen & Toubro Infotech offers an extensive range of IT services like application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions and platform-based solutions to the clients in diverse industries
KEY INDUSTRY SEGMENTS
- Banking & Financial Services
- Insurance
- Energy & Utility
- CPG & Retail
- Hi-Tech
- Life Science
- Healthcare
- Media & Entertainment
- Manufacturing
REVENUE MIX BY VERTICALS

REVENUE BREAK-UP GEOGRAPHY WISE

CURRENT YEAR
FINANCIAL DATA OF L&T INFOTECH LTD
- Market Cap: 32,572 Cr.
- Current Price: 1,870
- 52 weeks High / Low 2050.00 / 1207.60
- Book Value: 310.25
- Stock P/E: 21.43
- Dividend Yield: 1.50 %
- ROCE: 46.57 %
- ROE: 34.63 %
- Sales Growth (3Yrs): 17.34 %
#7. Oracle Financial Services Software Ltd
Oracle Financial Services is the 7th largest IT company in India with a market cap of Rs. 22,317 Cr.
Industry | IT Service,IT Consulting |
Founded | 1990; 30 years ago |
Parent | Oracle Corporation |
Chairperson | S venkatachalam |
Oracle Financial Services Ltd is a world leader in providing IT solutions to the financial service industry.
BUSINESS SEGMENTS
Oracle Financial Services Software Limited has two main streams of business.
- The product business (comprising product licensing, consulting, and support) is its principal business segment.
- It has two smaller business segments of prime sourcing and the business process outsourcing(BPO) Services business.
REVENUE BREAK-UP SEGMENT WISE(%)


CURRENT YEAR
FINANCIAL DATA OFORACLE FINANCIAL LTD
- Market Cap: 22,317 Cr.
- Current Price: 2,596
- 52 weeks High / Low 3424.20 / 1506.00
- Book Value: 764.32
- Stock P/E: 15.26
- Dividend Yield: 6.93 %
- ROCE: 47.01 %
- ROE: 28.74 %
- Sales Growth (3Yrs): 6.28 %
BONUS SHARE ISSUE HISTORY
DATE | BONUS RATIO |
---|---|
01-07-2003 | 1:1 |
FINANCIAL PERFORMANCE OF ORACLE IN LAST 10 YEARS
YEAR | 2010 | 2020 | CAGR RETURN(%) |
---|---|---|---|
Sales | 2,874 | 4,861 | 5.40% |
Profit | 774 | 1,462 | 6.99% |
Share Price | 2295 | 2596 | 1.24% |
#8. Mphasis Ltd
Mphasis Ltd is the No.8 IT company in India with a market cap of 16,618 Cr
Industry | IT Service,IT Consulting |
Founded | June 2000; 20 years ago |
Founder | Jerry Rao,Jeroen Tas |
CEO | Nitin Rakesh |
Mphasis Ltd is a next-generation technology company to help enterprises transform businesses globally
- The company provides infrastructure technology and applications outsourcing services, as well as architecture guidance, application development and integration, and application management services
- It serves financial services, telecom, logistics, and technology industries
KEY MARKET SEGMENTS
- Financial Services and Insurance
- Healthcare
- Manufacturing
- Government
- Transportation
- Communication
- Consumer and Retail Industries.
REVENUE BREAK-UP BY BUSINESS SEGMENTS

REVENUE BREAK UP GEOGRAPHY WISE

CURRENT YEAR
FINANCIAL DATA OF MPHASIS LTD
- Market Cap: 16,618 Cr.
- Current Price: 890.90
- 52 weeks High / Low 1017.90 / 612.05
- Book Value: 312.52
- Stock P/E: 14.03
- Dividend Yield: 3.03 %
- ROCE: 24.38 %
- ROE: 19.96 %
- Sales Growth (3Yrs): 8.33 %
FINANCIAL PERFORMANCE OF MPHASIS LTD IN LAST 10 YEARS
YEAR | 2010 | 2020 | CAGR RETURN(%) |
---|---|---|---|
Sales | 5,037 | 8,844 | 5.79% |
Profit | 1091 | 1185 | 0.83% |
Share Price | 672 | 891 | 2.86% |
#9. Mindtree ltd
Mindtree is the No.9 IT company in India with a market cap of Rs. 15118 Cr
Industry | IT Service,IT Consulting |
Founded | 18 August 1999; 20 years ago |
Founder | Subroto Bagchi,Krishnakumar Natarajan,Ashok Soota,Anjan Lahiri,Rostow Ravanav |
MD & CEO | Debashis Chatterjee |
- It is an Indian Multinational IT company.
- It became a public company on 12 December 2006 and was listed on the BSE and NSE
- Today, It is a Larson & Toubro group company.
- It is a technology solutions company. It delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform their competition
- The company employs approximately 21,991 employees.
KET SEGMENT INDUSTRY
- Banking
- capital Markets
- Consumer electronics
- Consumer packaged Goods
- Consumer Technology
- Enterprise Technology
- Higher Education
- Insurance
- Manufacturing
- Media & Entertainment
- Retail
- Transportation & logistics
- Travel & Hospitality
REVENUE BREAK-UP BY INDUSTRY

REVENUE BREAK UP GEOGRAPHY WISE

CURRENT YEAR
FINANCIAL DATA OF MINDTREE LTD
- Market Cap: 15,118 Cr.
- Current Price: 918.60
- 52 weeks High / Low 1062.80 / 652.05
- Book Value: 191.82
- Stock P/E: 23.96
- Dividend Yield: 1.42 %
- ROCE: 31.17 %
- ROE: 24.94 %
- Sales Growth (3Yrs): 14.54 %
BONUS SHARE ISSUE HISTORY
DATE | BONUS RATIO |
---|---|
18/01/2016 | 1 : 1 |
16/04/2014 | 1: 1 |
FINANCIAL PERFORMANCE OF MINDTREE LTD IN LAST 10 YEARS
YEAR | 2010 | 2020 | CAGR RETURN(%) |
Sales | 1296 | 7764 | 19.60% |
Profit | 215 | 631 | 11.37% |
Share Price | 137 | 918 | 20.96% |
#10. Hexaware Technologies Ltd
Hexaware Technologies Ltd is the 10th largest IT company in India with a market cap of Rs.9,818 Cr.
Founded | 1990 |
Parent | HT Global IT Solution Holdings Limited |
Chairman | Atul Nishar |
CEO | R Srikrishna |
Since 1992, with a strong global presence, it is one of the fastest growing IT services companies in the world.
- It is engaged in information technology consulting, software development, and business process services.
- It is a global leader and one of the fastest-growing, next-generation providers of futuristic technologies, innovative solutions, and transformative services to reimagine business models, re-engineer processes, and redesign customer experiences.
KEY INDUSTRY SEGMENT
- Banking & Financial Services
- Health & Insurance
- Travel & Transportation
- Manufacturing & Consumer
- Professional Services
REVENUE BREAK-UP BY INDUSTRY VERTICAL

REVENUE BREAK-UP BY GEOGRAPHIC WISE

CURRENT YEAR
FINANCIAL DATA OF HEXAWARE LTD
- Market Cap: 9,888 Cr.
- Current Price: 330.85
- 52 weeks High / Low 455.70 / 201.70
- Book Value: 92.53
- Stock P/E: 14.31
- Dividend Yield: 3.32 %
- ROCE: 33.16 %
- ROE: 26.53 %
- Sales Growth (3Yrs): 14.17 %
FINANCIAL PERFORMANCE OF HEXAWARE IN LAST 10 YEARS
YEAR | 2010 | 2020 | CAGR RETURN(%) |
Sales | 1055 | 5860 | 18.70% |
Profit | 108 | 678 | 20.17% |
Share Price | 35 | 330 | 25.15% |
Quick View about Top IT Company In India

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