Last week, US-based Apple Inc. reached a market valuation of $2 trillion, we now look at some of the most valued IT companies that are based in India.
In the list below, we look at the most notable companies based in India that deal with information technology.
1. Tata Consultancy Services
Tata Consultancy Services Limited (TCS) is an Indian company that operates in 149 locations in 49 countries. Overall, it is the second-largest Indian company by market valuation and it has 448,464 employees as of the end of Q1 2020.
Tata Consultancy Services Limited (TCS) has generated a revenue of $23 billion as of July 2020. It is currently worth $100.7 billion on Forbes list. Its services are mainly; IT, business solutions and outsourcing and it is part of the Tata Group.
2. Infosys
Infosys Limited is a business consulting information technology company that also provides outsourcing services. It has a staff strength of more than 242,000 employees and operates in several countries outside of India.
In 2019, it had a market capitalisation of $46.52 billion. Infosys has made a revenue of $13 billion in 2020.
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3. Wipro
Wipro Limited is an information technology consulting and business process company. It is headquartered in Bangalore, Karnataka, India. Wipro Limited has been existing for 74 years and had split its non-IT businesses and formed the privately-owned Wipro Enterprises in 2013.
As of July 2020, Wipro Limited has generated a revenue of $9 billion and it launched its 5G edge services solution in collaboration with IBM in the same month. It has a market capitalisation of $24 billion in 2020.
4. HCL Technologies
HCL Technologies is an information technology company that operates in 42 other countries besides India. The company has offices in the US, UK, France and Germany. It has 140,000+ employees and has made $10 billion in revenue in 2020.
According to its updated Forbes profile, HCL technologies has a market capitalisation of $19.6 billion. Its major businesses include software services, information technology (IT) services, and business outsourcing.
5. Tech Mahindra
This is a multinational tech company that has its headquarters in India but is present in 50 other countries. Tech Mahindra has three major businesses; business process outsourcing, IT managed services and consulting.
The company has 125,236 employees in 2020 and has made a revenue of $5.3 billion in 2020. Tech Mahindra has a market value of $9.3 billion in 2020.
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