Information Technology or IT has changed the way of life all over the globe. It has made gathering resources, information sharing, and communication more efficient than ever. It all started back in the 1950s when software programming become a thing and various new and old companies join the market. This revolution came to the Indian market in 1967 when TATA Group partnered with Burroughs Corporation. Thereafter in 1973, a software export zone called SEEPZ was formed. It held 80 percent of the market share until the 1980s.
Then in 1991 economic reforms opened a new world of opportunity for this sector and the rest is history. Today the IT sector is one of the biggest employers in India. This sector contributed around 1.2% to Indian GDP in 1998 and it was recorded 7.7% in 2017. In 2017 the industry’s revenue was recorded US$160 billion which was a huge amount of growth.
The cities like Gurugram, Bangalore, Hyderabad, and Kochi have greatly transformed due to the evolution of this sector. Companies like Infosys have generated their entire business in this sector and companies like TATA have used this market to create their major subsidiary. This is proof that this sector has greatly developed in the past decades and will continue to do so in the future too.
Below are Top 10 IT Companies in India
1. TATA Consultancy Service
Tata Group has its presence in many sectors in the country. They make cars, many consumer-eating products, steelworks, etc. But, in the IT sector, it is occupying the first position for quite a long time now. Its headquarters lie in Mumbai in Maharashtra in India. It is present in many countries(46 to be specific). It is a public listed company and it has the largest capitalization in the Indian market as an IT company. Rajesh Gopinathan is the current CEO and MD and Natarajan Chandrasekaran is the Chairman of the company. It is a part of the parent organization that is the TATA Group. One can visit them at www.tcs.com. After Reliance, it became the second company to achieve a $100 billion market capitalization.
It is an Indian MNC that is Multinational Corporation. It not only provides information technology but also business consultation and some kind of outsourcing services. According to various reports, it has been at the place of number 2 in terms of the largest Indian IT companies after TCS. It was founded by N.R. Narayana Murthy and six other co-founders on 7th July in the year 1981 that is around 38 years ago. Its headquarter lies in Silicon Valley of India that is Bangalore (now Bengaluru). Nandan Nilekani is the current chairman of this company whereas Salil S. Parekh is the current MD and CEO of the company. It has a total market capitalization value of around $46.52 billion. It has a credit rating of A. One can visit them at www.infosys.com
It was formerly regarded as Western India Palm Refined Oil Limited. It is also an Indian MNC just like Infosys but it is way older than it. It was founded by Sudipto Halder on 29 December in the year 1945 which is around 74 years ago. It specializes in consulting, IT, and making Digital strategies. It is also headquartered in Silicon Valley that Banglore in Karnataka. Rishad Premji is the current Chairman of the company with Abidali Neemuchwala as the CEO of the company. It was started in Maharashtra by Mohamed Premji. In the year 2013, the company took the step to go for non-IT related works as this company was called a Wipro enterprise. You can visit it on http://www.wipro.com/.
It has a market capitalization of Rs. 132380.73 Crore.
4. ORACLE Financial Service
It is an American MNC. Its headquarter lies in the Redwood Shores, California in North America. It is not only an IT company but it also sells database systems and cloud systems. It also helps to provide word software for supply chain management, customer relationship management, and enterprise resource planning. It was founded on 16th June in the year 1977 by Larry Ellison and two other co-founders. Larry Ellison is the current Executive Chairman & CTO of the company, Jeff Henley is the Vice-Chairman of the company and Safra Catz is the CEO. You can visit the company on https://www.oracle.com/index.html
The Indian IBM is a subsidiary of the globally recognized IBM and it is known as IBM India Private Limited. It was founded in 1992 and it is headquartered in Bangalore. Around 3.5 lacs employees work in this company. Sandip Patel is the Managing Director of IBM India Private Limited & he is also theSouth Asia Head of the company. During 2003-07 it grew heavily in India. You can visit them at www.ibm.com/in-en
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6. Tech Mahindra
It is a subsidiary part of the Indian manufacturer company Mahindra and Mahindra. It has ranked 5th in top Indian IT companies and overall in 6th position. It also provides consulting and outsourcing facilities. You can visit the company at http://www.techmahindra.com/.
Anand Mahindra is the Chairman of the company and
C.P. Gurnani is MD and CEO of the company. It was founded in the year 1983 on 24th October and its headquarter is in Pune, Maharashtra.
7. HCL Technologies
It is also an Indian MNC and its headquarter lies in Noida, Uttar Pradesh. It was founded on 11th August in the year 1976 by Shiv Nadar. It is a subsidiary of HCL enterprises as in 1991 it became an independent enterprise. Around 1.5 lacs employees work in this company. Shiv Nadar is the current Chairman & CSO of the company and
C Vijayakumar is the CEO. You can visit them at https://www.hcltech.com/
8. SAP Labs India Private Limited
It is a European MNC which is also known for developing ERP software. You can visit it on https://www.sap.com/, Its headquarters lies in Baden-Württemberg, Germany. Hasso Plattner is the Chairman, Jennifer Morgan, and Christian Klein are the co-CEO. It was founded in 1972 in Germany. Around 100,330 employees work under this company. SAP CRM (Customer Relationship Management), SAP SRM (Supplier Relationship Management) are some of its products. SAP SRM is used in many industries as a useful inventory management tool.
9. MIND TREE Ltd.
It is also an Indian MNC known for the IT sector as well as outsourcing. It is also headquartered in the silicon valley of India that is Bangalore and one in New Jersey which is in the USA. It is also a public listed company with a total capitalization of $980 million in the year 2019. Larsen & Toubro are the parent organization of this company which was founded in the year 1999 on 18th August that is around 20 years from now. It also functions as an e-commerce platform, cloud computation, as well as analysis of the data with enterprise planning and application integration. A.M. Naik is the Non-Executive Chairman of the company whereas S. N. Subrahmanyan is the Non-Exe Vice-Chairman and Debashis Chatterjee is the current MD and CEO. Its business is spread in 18 countries worldwide. You can visit it on http://www.mindtree.com/
10. Rolta India
It is also an Indian IT company and it is headquartered in Mumbai in Maharashtra. It was founded on 29th June in the year 1989 that is approximately 30 years ago. It was founded by Kamal K. Singh. It not only focusses on the IT sector but also on BigData Analytics, and Business Intelligence. It is also listed in both BSE (Bombay Stock Exchange ) and NSE (National Stock Exchange of India). Kamal K. Singh is the present Chairman & MD of the company and
Preetha Pulusani is the President of the company. Its presence is worldwide and one can visit it on http://www.rolta.com/.
If we talk about the generation of parents, nobody would have imagined a world in which we are living currently. If someone had told that communication will break all the physical barriers in the upcoming time, then, someone would have told him how insane are you? But as I speak of today’s world nothing seems real. Everything looks like the magic of science. As the internet and computers came into existence it changed our lives forever.
Now if we don’t know about computers and the internet, we would be behind everyone else. The role of Information Technology or IT companies is vast enough to feel their essence. They are responsible for storing important company data in a database, making Internet-enabled systems, such as secure entry systems and wireless cameras, etc.
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