Top 10 IT Companies in India

The IT division has been India's shining sector for quite a time now. The industry has contributed significantly to changing India's picture from a lethargic developing economy to a worldwide player in providing world class technology prospects. Here is the list of ten best IT Companies in India, as stated by Mbaskool.com.

10. Oracle Financial Services

Oracle Financial Services known as i-flex Solutions is a part of Oracle Corporation. The company was ranked ninth in top IT companies of India and No. 253 in Fortune India 500 list in 2011. It is a huge IT service provider to the banking industry.

Initially the company was called CITL owned by Citigroup, later named as i-flex. Oracle generally provides services in Core Banking, Universal Banking, Investor Servicing, Private Banking, Operational Risk, Market Risks etc.

9. L&T InfoTech

Initially the company was known as Larsen & Toubro but later renamed as L&T Infotech in 1997. L&T Infotech is leading IT services and solutions provider headquartered in Mumbai. The company was ranked eighth in 2011-2012 and also known as '6th Best Learning & Development Company in India' at World HRD & Education Congress, 2012.

8. iGate Patni

iGate is an American MNC which provides services like information Technology, consulting and business process outsourcing services etc. Mumbai, India based Patni Computer System merged with igate and is presently known as iGate Patni. The company operates in America, Europe, and the Asia-Pacific region having 23 international offices as well as offshore development centers in eight cities in India. iGate Patni is listed as ‘IAOP 2008 Global Outsourcing 100 Company’ and ranked among top 15 Insurance Industry Vendors offering Comprehensive End-to-end BPO Services’

7. MphasiS

Owned by Hewlett-Packard, MphasiS is an IT service multinational company. MphasiS was ranked 7th among the top IT companies in India and 165 among Fortune India 500 in 2011. Headquartered in Bangalore the company operates in 14 other countries.

Services provided by MphasiS include business process outsourcing, infrastructure technology, and application services.

6. Tech Mahindra

The mother company of Tech Mahindra is the Mahindra group headquartered in Pune, India. Tech Mahindra is an information technology networking technology solutions and business support services (BPO) to the world wide telecommunications industry. Tech Mahindra has offices operating in more than 30 countries.

In the financial year 2012 Tech Mahindra announced revenue of $ 1.5 Billion with 3 percent increase. The company also acquired HGS for $87.1 million and bought 51 percent stake in Comviva and also merged with another IT giant of the country, Mahindra Styam.

5. HCL Technologies

HCL Technologies is an India based information technology service provider headquartered in Noida, UP. The company is the fourth largest IT Company in India and is ranked 48 in the global list of IT services providers. Along with many big acquisitions HCL Technologies took over the UK based AXON Group for U.S. $658 million and renamed as HCL Axon.

4. Infosys

According to the 2012 revenues, Infosys is the third-largest India-based IT services company. Infosys is an India based multinational company mainly dealing with business consulting, technology, engineering, and outsourcing services. Headquartered in Bangalore, Infosys has offices in 29 countries and progress centers in India, U.S., China, Australia, UK, Canada, Japan and many other countries.

Infosys is included in the list of the most innovative companies in a Forbes survey and also tagged among top ten green companies in Newsweek's Green Rankings.

3. Wipro

The company was established on 29 December 1945 at Mumbai by Mohamed Hasham Premji as Western India Products, later renamed to Wipro. Wipro is the second major India-based IT services company according to 2012 revenues.

Wipro is an India based multinational company dealing with information technology (IT) services, consulting and outsourcing services. Headquartered in Bangalore, Karnataka, the company operates in 54 countries across the globe. The company is also listed in the Fortune India 500, 2012.

2. Cognizant Technology Solutions

Cognizant Technology Solutions Corporation is a provider of information technology, consulting and business process outsourcing (BPO) services. Headquartered in New Jersey, U.S. Cognizant was ranked as world's third most admired IT Services Company after Accenture and IBM in 2011 by the Fortune magazine.

 In 2012 financial year the company claimed to be very much sound financially with revenues of $2.6 billion in cash and short term investments.

1. Tata Consultancy Services

According to 2012 revenues TCS is the largest IT service company in India. Headquartered in Mumbai TCS is the part of Tata Group. TCS In financial year 2011-2012 TCS the company had annual revenues of more than $10 billion. Along India TCS also operates in Africa, Asia, Australia, Europe, North America, and South America.

TCS includes services like application development and maintenance, asset leverage solutions, assurance services, business intelligence, BPO services, consulting, engineering and Industrial services, etc.