Software companies in India have a long history and the past. Most of the preeminent Indian software companies are formed even before the age of computer’s begin. They have strongholds in every path of digitalization of the human life. And they crafted the technology industry of a country and brought it to the global spotlight. In this writing, we are listing the Top 10 Indian software companies 2016 with their current market capitalization.
I. TCS – Tata Consulting Service
Founded in the year 1968 in Mumbai, by Tata sons, now transformed to a multinational Information technology behemoth operating in 46 countries. TCS specializes in IT services, consulting and business solutions. TCS holds 10th position in Fortune India 500 list and ranked 64th in Forbes most innovative companies around the world in 2015.
TCS main product line includes Application development and maintenance, assurance service, Business process outsourcing, Enterprise solutions, IT infrastructure services, And Business consulting and analytics. The company is the largest private employer in India. Currently has a workforce of 362,079, of which 31% were women.
Headquarters in Mumbai, TCS has global subsidiaries like CMC Limited, TCS China, TRDDC, Computational Research Laboratories, TCS e-Serve Ltd. this Mumbai-based Software forerunner is the country’s largest IT service company by revenue.
Founded – 1968
Key People – N. Chandrasekaran(CEO & MD)
Market Capitalization – Rs 4,81,406 Crore (As of Sept 2016)
Website – www.tcs.com
Infosys is the name that flying above the cloud in the Indian software biosphere. From its inception in 1981, Infosys has been a prominent player in crafting Indian technology industry. The Bangalore-based software goliath is the home to country’s most notable IT personalities like N.R Narayana Murthy and Nandan Nilekani. With a global footprint of offices spanning across 50 countries, Infosys hold the position of second largest Indian IT company by revenue.
Infosys keep the primary focus on the business consulting, information technology, software engineering, and outsourcing services. The company has an employment strength of 193,383, as of January 2016. Currently, lead by CEO Vishal Sikka Infosys has the list of global subsidiaries which includes EdgeVerve Systems Limited, Infosys BPO Limited, Infosys Lodestone, Infosys Public Services Inc. and Infosys Tecnologia do Brasil Ltda
Infosys is entitled with many international accolades for their exceptional delivery solutions and is the only Indian company which received the prestigious Asian “Most Admired Knowledge Enterprises (MAKE)” award 12 times. Infosys is famed for their employee-friendly atmosphere, because of its employee friendly policies, the company frequently find top spots in the best employer of India lists and received more than 1.5M applications for employment in 2016.
Founded – 1981
Key People – Vishal Sikka (CEO & MD)
Market Capitalization – Rs 2.39,157 Crore (As of Sept 2016)
Website – www.infosys.com
Wipro is one of the country’s most renowned software company. With an iconic leader, Azim Premji still in the game, Wipro consolidated profitable revenue year after year. Starting with non-IT ventures, Wipro turns its business focus to IT in late 70’s. From there Azim Premji teleported Wipro into prestigious IT company and one of the country’s most valuable brand.
In 2013, Wipro splits off its non-IT companies into separate entities to focus duly on independent business. Wipro’s technology business has over 160,000 employees and has office base’s across 57 countries. Headquarters in Bangalore, Wipro has a diverse product line which mainly specializes in IT consulting, enterprise solutions and outsourcing. With revenue of Rs. 49659.50 crore Wipro placed as the third largest Indian IT companies.
Founded – 1945
Key People – Azim Premji (Chairman), Abidali Neemuchwala (CEO)
Market Capitalization – Rs 1.19,456 Crore (As of Sept 2016)
Website – www.wipro.com
IV. HCL Technologies
HCL is one of the foremost names in the Indian software arena. Founded in 1976, rose to prominence with quality and integrity of their service. HCL is often regarded as the best Indian company in offshore IT & Software Development Outsourcing.
Headquartered in Noida, HCL Technologies is a subsidiary of HCL Enterprise, which has the business interests in wider areas like aerospace and defense, automotive, energy and utility, consumer electronics, life science and healthcare. HCL technologies expertized in IT service which includes consulting, enterprise transformation, remote infrastructure management, engineering, R&D, and business process outsourcing (BPO)
HCL employee’s over than 106,107 workers spanning across their offshoots in 34 countries. HCL was honored with numerous international awards and made a mark among the Asia’s FAB 50 companies. With Shiv Nadar in leading, HCL Technologies spot their place as the fourth largest Software company in India.
Founded – 1976
Key People – Shiv Nadar (Chairman & CSO), Anant Gupta (President & CEO)
Market Capitalization – Rs 1,12,081 Crore (As of Sept 2016)
Website – www.hcltech.com
V. Tech Mahindra
Founded in 1986, as a part of Mahindra group, Started as a joint venture with British telecom for technology outsourcing. Tech Mahindra paced to the spotlight of one of the top 10 software companies in India through providing world class, productive, and innovative IT solutions across the globe.
In 2013, Tech Mahindra completed the merger with Mahindra Satyam, Mahindra itself owned company( Formed through the takeover of fraud-hit Satyam Computers & Service by Mahindra Group). With active 800 clients and global offices in more than 50 countries, Tech Mahindra placed as the fifth largest Software company in India.
Headquartered in Pune, Tech Mahindra has a workforce of 107,216. The company currently lead by C. P. Gurnani entitled with many national and international accolades. Also, one of the Fab 50 companies in Asia.
Founded – 1986
Key People – Anand Mahindra (Chairman & Founder), CP Gurnani (CEO & MD)
Market Capitalization – Rs 43,583 Crore (As of Sept 2016)
Website – www.techmahindra.com
Mphasis is a Bangalore based Indian Software company, with a yearly revenue of Rs. 5,991.55 making them as the sixth top software company by revenue. Mphasis is formed through the merger of US-based MphasiS Corporation and Indian IT service company BFL Software Limited.
Mphasis has a product line specializes in business process outsourcing, infrastructure technology, and application services, and market interest in wider areas. The company currently employees around 22,000 and has global office spaces around 19 countries.
Mphasis is now owned by The Blackstone Group, a US-based Hedge-equity firm. Before then Hewlett-Packard controls Mphasis for a brief time. During the Tenure of HP, Mphasis undergoes a majority overhaul in theirs Product and appearance. this revamps galvanized the later growth of Mphasis to one of the top 10 software companies in India.
Founded – Incorporated 1995
Key People – Balu Ganesh Ayyar (CEO)
Market Capitalization – Rs 11,375 Crore (As of Sept 2016)
Website – www.mphasis.com
VII. Oracle Financial Service Software
Oracle financial service is a subsidiary of oracle corporation, Headquartered in Mumbai. The company’s principal focus is on Providing IT & Software solutions for the banking industry. Oracle financial service is the seventh largest software company in India with a revenue of Rs. 4,253.
Oracle FSS has a clientele base of 900 financial firms with global workspaces in 22 countries and a workforce of 8,733. Besides the Banking Software, companies product line consist of financial service, cloud services, financial service BPO, Analytical Applications for Customer Insight, Enterprise Risk Management, Financial Crime and Compliance Management and Financial Services Data Warehouses.
Oracle Financial service Software is a Fortune India 500 company and also earned the Fraud and Financial Crime Software Provider award for the year 2014.
Founded – 1990
Key People – Derek Williams (Director)
Market Capitalization – Rs 28,054 Crore (As of Sept 2016)
Website – www.oracle.com
VII. Rolta India
Rolta is a Multinational Software Company based in India. Headquartered in Mumbai, Rolta has a strong hold in the vertical markets of industries like Utilities, Process, Transportation, Banking and Insurance, And Power.
Founded in 1989, Rolta has the footprint in 40 countries with a back of more than 5000 employees. Product and solution of the company include Business Intelligence, Big Data Analytics, Geospatial Solution, e-governance, And safety & security.
Rolta entitled a huge list of major accolades, some of them are SAP pinnacle awards, Oracle ‘Titan’ and partners excellence, and Municipalika 2014 award for the best Municipal solution. With a revenue of Rs. 3710.18 crores Rolta India is the Eighth largest Software corporation in India.
Founded – 1989
Key People – Kamal K Singh (Chairman & Managing Director)
Market Capitalization – Rs 10,250 Crore (As of Sept 2016)
Website – www.rolta.com
Mindtree is a Banglore based Indian Multinational Company with a global workforce of 16,110 and office spaces spanning across 11 countries.Founded in 1999, as a Mindtree Consulting Private Limited, quickly taken the pace and rose to prominence as one of the Top 10 Software companies in India.
Company’s primary focus is on retail. Apart from retails, Mindtree offers the solution to the Banking and Capital markets, Consumer Devices and Electronics, Manufacturing, Insurance, And Media & Entertainment. With combined revenue of Rs. 3645.40 crores from all this industry, make Mindtree as the ninth largest Software company in India.
Founded – 1999
Key People – Subroto Bagchi (Non-executive director), Krishnakumar Natarajan (Chairman)
Market Capitalization – Rs 8,311 Crore (As of Sept 2016)
Website – www.mindtree.com
Cyient is an Indian company with global network and operations. Headquartered in Hyderabad, Company had global offices in 38 countries with a workforce of 12,480 employees. Founded in 1991, as Infotech Enterprise. Through diversified outsourcing in the field like Aerospace & defense, consumer, energy, transportation, communications, navigation, off-highway, oil, and gas, mining, medical and so on, the company earns a combined revenue of Rs. 2840, and making them as the tenth largest software corporation in India.
Throughout their formative years, Cyient made a series of acquisitions that later capitalized their growth to a spotlight. Cyient is the recipient of numerous prestigious awards including ICSI National Award for Excellence in Corporate Governance 2014.
Founded – 1991
Key People – B V R Mohan Reddy
Market Capitalization – Rs 5,376 Crore (As of Sept 2016)
Website – www.cyient.com