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List of the largest Indian IT companies in 2024: The Indian information technology (IT) and software industry has gone through massive growth since its beginning in the late 20th century.
Initially focused on software services and outsourcing, the IT industry is now venturing into advanced technologies such as artificial intelligence (AI), data analytics, cloud computing, and the Internet of Things (IoT).
As a result, the Indian IT industry has remarkably grown in terms of revenue and has emerged as a key contributor to India’s total GDP, accounting for approximately 7% in FY2023-24, as reported by India’s Ministry of Electronics and Information Technology.
The Gartner report reveals that the Indian information technology (IT) sector is set to reach $124.6 billion in 2024, an increase of 10.7% as compared to last year.
Additionally, Nasscom forecasts that India’s technology industry revenue, including hardware, is likely to reach $254 billion in FY24, an increase of over $9 billion from last year.
India’s major tech companies such as Infosys, TCS, and Wipro have significantly shaped the Indian IT industry over the last two decades and transformed it into a global IT powerhouse.
Market capitalisation, also known as market cap, is a measure of a company’s value. It is calculated by multiplying the total number of outstanding shares by the current market price of one share.
Market cap provides a snapshot of a company’s size and importance in the market. Consequently, companies with the highest market caps are widely regarded as the most valuable entities in the business world.
Presently renowned for its technological expertise and is home to some of the leading IT companies; Here are India’s largest IT companies, based on their market capitalisation.
| Rank | Company Name | Market Cap (Indian Rupees) |
| 1 | Tata Consultancy Services (TCS) | ₹15.865 trillion |
| 2 | Infosys | ₹8.088 trillion |
| 3 | HCL Technologies | ₹4.784 trillion |
| 4 | Wipro | ₹2.882 trillion |
| 5 | LTIMindtree | ₹1.861 trillion |
| 6 | Tech Mahindra | ₹1.411 trillion |
| 7 | Oracle Financial Services Software | ₹1.020 trillion |
| 8 | Persistent Systems | ₹784.94 billion |
| 9 | MphasiS | ₹568.51 billion |
| 10 | KPIT Technologie | ₹471.67 billion |
Source: companiesmarketcap.com, Forbes, Google
Please note: Market capitalisation is dynamic and fluctuates with a company’s share price and can change significantly over time or even within a single trading day. The market capitalisation mentioned is recorded as of September 2024.*
Not so surprisingly, Tata Consultancy Services (TCS) is the largest IT company in India by market capitalization as of 2024.
However, it is noteworthy to mention that TCS is India’s second most valuable company and the world’s 67th most valuable company by market capitalisation, as per the data on companiesmarketcap.com.
With its wide range of services, TCS has emerged as a global leader in providing IT services, consulting, and business solutions, and it also has a significant presence in various sectors.
Infosys is a global company specializing in cutting-edge digital services and consulting. It is the second most valuable IT company in India and the sixth most valuable company overall in India, with a global ranking of 176th as of 2024.
The company has a strong focus on innovation and sustainability and provides business consulting, information technology, and outsourcing services.
Established in 1976 by Shiv Nadar, HCL Technologies is a contemporary global technology company that helps businesses modernise their operations for the digital age.
With a market capitalization of ₹4.784 trillion, it is not only the third most valuable IT company in India but also the 12th most valuable in the country and the world’s 334th most valuable company.
Wipro Limited is a leading multinational IT firm that specialises in information technology, consulting, and business process services.
It uses cognitive computing, hyper-automation, robots, cloud computing, analytics, and other revolutionary technologies to help clients adapt to the digital world.
LTIMindtree Ltd is a well-known and reputable global technology consulting and services business, founded by Debashish Chatterjee in 1996.
A subsidiary of Larsen & Toubro, the company’s unique blend of scale and agility distinguishes it from others in the business.
