When you find a banking app on your phone or visit the internet to purchase a plane ticket, do you ever ask yourself who developed such tools? In the majority of the cases, they are not constructed by the bank or by the airline. They do not do the work, but hire another firm to do it. That business is referred to as a service based business. Consider them as specialists that aid to resolve business issues. They do not sell you a tangible object, a phone or a car, they sell their expertise, their time and their knowledge. Services are all over the place, whether it is the hair-cutter or the colossal companies operating international IT networks.
Such service based companies in India are important today more than ever. They fuel the modern economy, provide millions of jobs, and assist other businesses to grow and adjust to the new technology. It is crucial to understand how they operate and what it is like being a member of one when you are job hunting, or simply curious about the way the world functions. So, shall we have a closer look at the thrilling world of the service-based companies!
What Is a Service Based Company?
The service based companies in India is an organization that makes money through a service rather than selling a product. The product is an action, skill or advice. It is what someone does to you.
Imagine: you are hungry. There are two options. One can visit a supermarket, purchase ingredients (products) and cook a meal oneself. Or, you can visit a restaurant where a chef (a service provider) prepares a meal for you. The restaurant is a service oriented business. You are paying for the skill of the chef, the ambience of the restaurant and the fact that you do not have to cook and clean up after yourself.
The same concept is applied in the corporate world but in a bigger scale. An organization may require new software. It may attempt to employ hundreds of programmers and develop the system on its own (such as purchasing ingredients). Or it can get a dedicated IT service provider who has thousands of highly skilled programmers. This IT company will create, test and support the software on their behalf. The service provider is an IT company.
Thus, the gist of it is straightforward: a service-based business can offer something intangible. It is something you cannot hold or touch. It is all about skills, hard work and services offered to a customer at a charge.
Service Based vs. Product Based Companies
In order to make sense of service based companies in India, it is useful to compare them with companies that deal with products.
Feature | Service-Based Company | Product-Based Company |
Core Offering | Intangible. Sells expertise, time, and skills. Examples: IT consulting, legal advice, accounting. | Tangible (or a standardized digital item). Sells a physical item or software. Examples: A smartphone, a car, Microsoft Windows. |
How They Make Money | Charges for time, projects, or on a subscription basis for ongoing support. Revenue is tied to client contracts. | Sells units of a product. Revenue is tied to how many items are sold. |
Customer Interaction | High and continuous. The service is often co-created with the client. Constant communication is key. | Interaction is often before the sale (marketing) and after the sale (customer support). The product itself is used independently. |
Customization | Usually highly customized. The service is tailored to the specific needs of each client. | Standardized. The same product is sold to many customers. Customization is limited (e.g., color or storage size). |
Innovation | Focuses on improving processes, skills, and client management. How can we deliver our service better, faster, or cheaper? | Focuses on research and development (R&D) to create the next new product or a better version of the existing one. |
Example | Accenture: Helps other companies improve their business with technology and consulting. They don’t sell a single “Accenture” product. | Apple: Designs and sells iPhones, MacBooks, and other devices. You buy the product and own it. |
Types of Service Based Companies in India
The service based companies in India are the kind of company that does not sell goods but services. It has a large population and encompasses numerous industries. It is not IT alone, although IT plays a big role. The following are the principal types:
- IT and Technology Services: These are the companies that develop software, manage applications, deal with cybersecurity, operate with cloud computing, and analyze data on behalf of other businesses. They are the technologists who make the digital world go behind the scenes.
- Consulting Services: Companies that provide expert advice to organizations in order to resolve issues. They may be management consulting (working more effectively), financial consulting (managing money more effectively) or marketing consulting (selling more effectively).
- Professional Services: This is a general category that encompasses critical business processes that are undertaken by specialists. It consists of law firms (legal services), accounting firms (audits and taxes) and architectural firms (design services).
- Creative and Marketing Services: These are the business world storytellers and artists. They are advertising agencies, which make advertisement campaigns, digital marketing agencies, which handle social media, and design studios, which design logos and websites.
- Operational Services: These are companies that offer the daily back up that keeps other businesses afloat. These are logistic and supply chain firms, facility management (cleaning and security), and call centers that support customers.
- Personal Services: These are services that directly go to the individuals. They are healthcare (doctors and hospitals), education (schools and coaching centers), hospitality (hotels and restaurants), and wellness (gym and salons).
Importance of Service Based Companies in Today’s Economy
The service based companies in India are not only a section of the economy but in most countries, they are the entire economy. They are important in that:
- They generate massive employment: The service based companies in India are the largest employer in most of the developed and developing countries. The graduates working in the IT companies are at the entry level and highly trained doctors and lawyers also get employment here.
- They allow other companies to concentrate on what they are best at: The primary task of a car company is to design and manufacture cars, not to maintain its own payroll system or even to keep a cafeteria. Outsourcing of these activities makes the car company more efficient and competitive.
- They spur digitalization: In the 21st century, every firm must be a tech firm. IT service giants assist traditional banks, retailers, and manufacturers to transition to the cloud, apply information to make improved choices, and develop improved computerized experiences to their clients.
- They promote economic activities and exports: The IT services industry is a huge export earner to a nation like India. The companies in India offer technological services to customers in different parts of the world and this earns the country a good amount of foreign exchange and enhances its international economic status.
- They are flexible and scalable: Businesses are flexible because of service companies. When a company requires a project to be expanded in a short period, it can contract a service firm rather than the tedious procedures of recruiting permanent workers. This enables businesses to respond fast to the fluctuating market needs.
Top 20 Service Based Companies in India
The world recognizes service based companies in India in service based companies particularly in the IT and consulting sectors. These are some of the twenty leading companies that have a very good presence in the country.
1. Tata Consultancy Services (TCS)

- Headquarter: Mumbai, Maharashtra
- Founded In: 1968
- Industries Served: Banking & Financial Services, Retail, Communication, Manufacturing, Healthcare, and more.
- Team Size: Over 600,000
- Official Website: www.tcs.com
- Address: TCS House, Raveline Street, 21, D.S. Marg, Fort, Mumbai, Maharashtra 400001, India.
Tata Consultancy Services or TCS is the superstar of the Tata Group and one of the leading service based companies in India. It is also the largest IT services firm in the country. It started over half a century ago and has now become a global giant. TCS is associated with the Indian IT success story. The company is of the opinion that technology ought to address the issues in the real world and make the future better. It has operations in close to fifty countries and collaborates with some of the largest companies in the world.
The TCS culture is a development of the Tata philosophy of community and giving back, and it pays much attention to the training and development of its employees. The company boasts of long-term client relations and in many cases, it has served clients over decades to propel their technological advancement in mainframe systems to the current AI and cloud-based systems. It is a yardstick to the whole industry because of its size and steady performance.
- Why it is Notable: TCS is a leading provider of IT services globally with a market capitalization of one of the largest IT service providers in the world and a leading employer in the world.
Key Services:
- IT Services, Consulting
- Business Solutions
- Digital Transformation
- Cloud Services
- AI & Analytics.
2. Infosys

- Headquarter: Bengaluru, Karnataka
- Founded In: 1981
- Industries Served: Financial Services, Retail, Communication, Energy, Utilities, Manufacturing, Healthcare.
- Team Size: Over 300,000
- Official Website: www.infosys.com
- Address: Electronics City, Hosur Road, Bengaluru, Karnataka 560100, India.
Infosys is a renowned technology company in the world and one of the most respected service based companies in India. It was begun by seven young engineers in Pune using just 250 rupees. It is a testimony of the profound intellectual strength of India today. The Global Delivery Model is a plan invented by Infosys that pre-conditioned the boom of IT outsourcing in India. The company is lauded significantly with regard to its tight corporate governance, excellent ethics, and transparency.
Its massive, contemporary campuses, particularly in Bengaluru, are a myth and an illustration of the extent to which Infosys takes the care of its people. Infosys is not just about code writing, but also about accompanying its clients through the change, so that they can embrace digital transformation and lifelong learning.
- Why it is Notable: The company invests a lot in research and development, and it is constantly developing new spheres such as AI, blockchain, and the metaverse to keep its clients ahead.
Key Services:
- Digital Transformation
- Consulting, Application Development
- IT Infrastructure Management
- Business Process Outsourcing.
3. HCLTech

- Headquarter: Noida, Uttar Pradesh
- Founded In: 1976
- Industries Served: Financial Services, Manufacturing, Healthcare, Technology, Media & Telecom.
- Team Size: Over 225,000
- Official Website: www.hcltech.com
- Address: Technology Hub, SEZ, Plot No. 3A, Sector 126, Noida, Uttar Pradesh 201304, India.
HCLTech was established in an automobile garage as a hardware company, but it is now a global leader in technology services and one of the top service based companies in India. It is characterized by tremendous reinvention and keen attention to innovation. HCL is well-known in its philosophy of Relationship Beyond the Contract, stressing partnership with the customers.
It also bears the culture of Ideapreneurship, which enables employees at every level to come up with innovative solutions that will generate value to the clients. This is one of its main cultures that focus on the employee first. HCL possesses a rich engineering DNA and has expertise in complex engineering and R&D services, unlike most of its competitors.
- Why it is Notable: The company has strategically acquired companies to enhance its capacity in digital, cloud, and cybersecurity and emerge as a major player in the next technological revolution.
Key Services:
- Digital Engineering and R&D Services (ERS)
- IT and Business Services (ITBS)
- Cloud Solutions
- Cybersecurity.
4. Wipro Limited

- Headquarter: Bengaluru, Karnataka
- Founded In: 1945
- Industries Served: Banking, Retail, Consumer Goods, Energy & Utilities, Healthcare, Technology.
- Team Size: Over 250,000
- Official Website: www.wipro.com
- Address: Doddakannelli, Sarjapur Road, Bengaluru, Karnataka 560035, India.
Wipro started as a vegetable-oil company and now it is a global leader in IT consulting and services, ranking among the top service based companies in India. This transition demonstrates the capacity of the company to be flexible and think in advance. Wipro has been making its reputation over the decades on its clear values and ethical conduct under the steady hand of Azim Premji. The company is a large player in the field of sustainability and corporate citizenship and sponsors numerous social initiatives via Azim Premji Foundation.
Nowadays, Wipro is aggressively trying to establish itself as a reliable companion on the digital transformation of its customers, investing in new-age technologies such as AI and automation through its Wipro HOLMES™ platform. It is also the policy of the company to foster a culture of diversity and inclusion in order to ensure that various points of view are allowed to thrive and drive innovation.
- Why it is Notable: Wipro has been resilient and strongly committed to values; hence it is a force to reckon with in the Indian IT industry.
Key Services:
- Consulting
- Digital Strategy
- Application Services
- Cloud and Infrastructure Services
- Business Process Services.
5. Tech Mahindra

- Headquarter: Pune, Maharashtra
- Founded In: 1986
- Industries Served: Telecommunications, Financial Services, Retail, Manufacturing, Healthcare.
- Team Size: Over 150,000
- Official Website: www.techmahindra.com
- Address: Rajiv Gandhi Infotech Park, Hinjawadi Phase III, Pune, Maharashtra 411057, India.
Tech Mahindra is a member of the Mahindra Group that envisions a connected world and a connected future. It has started as a joint venture with British Telecom and it has strong roots in telecommunications. This telecom DNA provides it with the advantage in the age of 5G, IoT and connected devices. The company is also famous for its framework NXT.NOW that is aimed at assisting clients to adopt future-ready technologies and address difficult business problems.
Tech Mahindra has a youthful and vibrant culture, which is usually referred to as agile and customer-centric. It has grown aggressively outside the telecom business into other businesses through strategic acquisitions, the most famous of which is the acquisition of Satyam Computer Services, which it successfully revived.
- Why it is Notable: Tech Mahindra is a company that is all about positive change, sustainable solution building, and human experience.
Key Services:
- Telecom Services
- Digital Transformation
- Customer Experience
- Consulting, Network Services.
6. LTIMindtree

- Headquarter: Mumbai, Maharashtra & Bengaluru, Karnataka
- Founded In: 2022 (through the merger of L&T Infotech and Mindtree)
- Industries Served: Banking & Financial Services, Insurance, Manufacturing, Retail, Hi-Tech, Media & Entertainment.
- Team Size: Over 85,000
- Official Website: www.ltimindtree.com
- Address: L&T House, Ballard Estate, Mumbai, Maharashtra 400001, India.
LTIMindtree is a technology consulting and digital solutions firm of the new age and a rising star among service based companies in India. It was formed after the merger of Larsen & Toubro Infotech and Mindtree. This merger combines the engineering expertise of the L&T Group and the profound digital expertise of Mindtree. The business assures massiveness and speed. Its slogan, Getting to the future, faster, keeps everyone in mind about its objective.
LTIMindtree works on the principles of customer-first attitude and culture of valuing creativity and collaboration. The merger has created a major player in the IT services market, and has a broad portfolio of services, which incorporate cloud, data analytics, and enterprise applications.
- Why it is Notable: It demonstrates the future of the Indian IT industry where large scale and extreme specialization are combined to provide powerful output to international customers.
Key Services:
- Cloud & Infrastructure Services
- Data & Analytics
- Enterprise Applications
- Digital Engineering.
7. Cognizant

- Headquarter: Teaneck, New Jersey, USA (with a massive presence in India)
- Founded In: 1994
- Industries Served: Financial Services, Healthcare, Products & Resources, Communications, Media & Technology.
- Team Size: Over 350,000 (Majority in India)
- Official Website: www.cognizant.com
- Address: (Major India Office) #5/535, Old Mahabalipuram Road, Okkiyam Thoraipakkam, Chennai, Tamil Nadu 600097, India.
Cognizant is based in the United States but its real heart and soul are in India where most of its people are employed. It was an offshoot of Dun & Bradstreet and soon became one of the leading companies in the world. Its core message is to be closer to the client, to understand the industry well and to be consultative. Cognizant specializes in digital services and assists customers to transform their business to the digital world. It frequently becomes a leader in digital engineering, AI, and data analytics. The culture of the company is dynamic and client oriented as it is always willing to explore the limits of technology in business.
- Why it is Notable: Cognizant spends a lot of money on reskilling to ensure that its people are equipped with the most recent digital skills, which demonstrates that it is a progressive and vibrant place to work.
Key Services:
- Digital Business & Technology
- Digital Operations
- AI & Analytics
- Cloud Solutions
- Enterprise Application Services.
8. Capgemini

- Headquarter: Paris, France (with a large presence in India)
- Founded In: 1967
- Industries Served: Automotive, Financial Services, Manufacturing, Public Sector, Retail, Telecom.
- Team Size: Over 350,000 (Over half in India)
- Official Website: www.cognizant.com
- Address: (Major India Office) #5/535, Old Mahabalipuram Road, Okkiyam Thoraipakkam, Chennai, Tamil Nadu 600097, India.
Capgemini is a global consulting, technology services and digital transformation company. It began its operations in France, and now India is its only largest operating center, which is why it plays an important role in the service industry environment of India. The motto of Capgemini, which is Get the future you want, demonstrates the value that it places on assisting its clients and employees in the attainment of their goals using technology.
The company is multicultural and collaborative in their work environment and they get different teams all over the world to come together to solve complex problems. It adopts consulting led methodology whereby it thoroughly understands the business problem and then designs a technology solution. Since the acquisition of Altran, Capgemini has greatly enhanced its capacity in the area of the digital and physical worlds merging, i.e. “Intelligent Industry”. It is an organization that upholds ethics, freedom and trust, which enables its people to work in a friendly environment.
- Why is it Notable: A French multinational whose largest workforce is in India with a good consulting practice and multicultural environment.
Key Services:
- Strategy & Consulting
- Application Services
- Technology & Engineering Services
- Cloud
- Data & AI.
9. Accenture

- Headquarter: Dublin, Ireland (with a large presence in India)
- Founded In: 1989
- Industries Served: All major industries, including Financial Services, Health & Public Service, Resources, and Communications.
- Team Size: Over 700,000 (Largest employee base in India)
- Official Website: www.accenture.com
- Address: (Major India Office) Plant 3, Godrej & Boyce Complex, LBS Marg, Vikhroli (West), Mumbai, Maharashtra 400079, India.
Accenture is a multinational professional services firm. It provides operations, strategy, consulting, and technology. Its biggest talent pool is India, and it is essential to its global delivery. Accenture is known to have a culture of high performance and is also known to offer end-to-end solutions, advising a Chief Executive Officer and developing and operating the technology that underpins the advice.
The company has four service lines namely Strategy & Consulting, Song, Technology, and Operations; these service lines are aligned to provide clients with all round solutions. Accenture is a leader in innovation and it invests in metaverse, quantum computing, and sustainable technology.
- Why is it Notable: The firm pays massive attention to training and development and makes sure that its people are constantly learning and developing. It is an industry giant because of its wide service portfolio and its progressive nature.
Key Services:
- Strategy & Consulting
- Interactive (Song)
- Technology
- Operations
- Cloud, Security.
10. Mphasis

- Headquarter: Bengaluru, Karnataka
- Founded In: 1998
- Industries Served: Banking & Capital Markets, Insurance, Healthcare, Logistics, and Travel.
- Team Size: Over 40,000
- Official Website: www.mphasis.com
- Address: Doddanakundi Village, Mahadevapura, Bengaluru, Karnataka 560048, India.
Mphasis has established itself as a company that provides applied technology services. It describes itself as agile and customer-centric and small enough to be nimble and large enough to manage complex projects. Its Front2Back 2 transformation approach is used by the company to assist its clients in modernizing their systems by using cloud and cognitive technologies. This will enhance the customer experience as well as the optimized back-office operations.
Mphasis is also well established in the banking, financial services and insurance (BFSI) industry. Mphasis is owned by Blackstone, a major private equity company, and has been in high-growth mode concentrating on next-generation services. It has an entrepreneurial culture that prompts employees to be proactive and creative in addressing the problems of clients.
- Why is it Notable: Due to its Front2Back transformation strategy and high specialization in the Banking and Financial Services sector.
Key Services:
- Cloud Services
- Cognitive (AI/ML)
- Digital Transformation
- Application Services
- Business Process Services.
11. Hexaware Technologies

- Headquarter: Mumbai, Maharashtra
- Founded In: 1990
- Industries Served: Banking, Financial Services, Insurance, Healthcare, Travel, Transportation, Manufacturing & Consumer.
- Team Size: Over 28,000
- Official Website: www.hexaware.com
- Address: 152, Millennium Business Park, Sector-3, ‘A’ Block, TTC Industrial Area, Mahape, Navi Mumbai, Maharashtra 400710, India.
Hexaware Technologies is a high-growth international IT services provider. Its leaders have a vision of what business will be. Their main approach can be explained by the slogan: “Automate Everything 1, Cloudify Everything 1, Transform Customer Experiences 1.” This is not a tagline, but it is the DNA of the way they approach every client challenge.
Hexaware is able to liberate human talent by the extensive use of automation and artificial intelligence to do the high value and creative work. They know how to take businesses to the cloud, where they will be faster and leaner. Their eventual aim is to assist their clients to develop incredible and smooth experiences to their customers. Having a rich culture with the goal of producing smiling faces, Hexaware is a client and employee-oriented company, thus a dynamic and a progressive industry player.
- Why it is Notable: Its formidable three-pronged approach: Automate Everything, Cloudify Everything, and Transform Customer Experiences, and its emphasis on how automation can be used to achieve business results.
Key Services:
- Application Transformation
- Business Process Services
- Digital & Cloud Services
- Enterprise & Data Services.
12. Persistent Systems

- Headquarter: Pune, Maharashtra
- Founded In: 1990
- Industries Served: Banking & Financial Services, Healthcare & Life Sciences, Software & Hi-Tech, Industrial.
- Team Size: Over 23,000
- Official Website: www.persistent.com
- Address: Bhageerath, 402 Senapati Bapat Road, Near ICC, Pune, Maharashtra 411016, India.
The company Persistent Systems is unique in the technological sector in terms of its focus on Digital Engineering. It does not just provide services, but collaborates with its clients to construct solutions. It assists organizations to visualize, create and run software-based enterprises. The company has a culture of success in overcoming difficult technical problems that is created by its visionary founder Anand Deshpande.
Instead of only keeping old systems, Persistent helps organizations to update their fundamental technology and introduce new digital products. This makes the company an important ally to any company intending to compete on software and data. Persistent has close relationships with the leading technology platforms, and therefore, it is constantly collaborating with the latest tools to provide its international clients with the most advanced solutions.
- Why It is Notable: The profound experience in the field of Digital Engineering and enterprise modernization and the ability to transform other businesses into software-driven ones.
Key Services:
- Digital Strategy & Design
- Software Product Engineering
- Cloud & Infrastructure
- Intelligent Automation
- Data & Analytics.
13. Coforge

- Headquarter: Noida, Uttar Pradesh
- Founded In: 1992 (as NIIT Technologies)
- Industries Served: Insurance, Banking & Financial Services, Travel, Transportation & Hospitality, Retail.
- Team Size: Over 23,000
- Official Website: www.coforge.com
- Address: Plot No. TZ-2 & 2A, Sector Tech Zone, Greater Noida, Uttar Pradesh 201308, India.
NIIT technologies was formerly known as Coforge. It is very good in technology and education. Due to this history, the company is able to observe the way businesses evolve and can assist them in doing so. Coforge only considers three industries-Insurance, Financial Services and Travel.
This emphasis will allow the business to know the business of every client very well hence making the solutions more effective and helpful. The company has a motto of engaging the emerging, which implies that they assist clients in coping with rapid technological changes. They establish a culture of curiosity, learning and resolving problems before they get big.
- Why It is Notable: Combining a profound understanding of the industry with emerging capabilities in data, AI, and cloud, Coforge can truly become a partner to real, quantifiable business outcomes.
Key Services:
- Digital Services
- Artificial Intelligence & Data Analytics
- Cloud & Infrastructure Management
- Business Process Solutions.
14. Oracle Financial Services Software (OFSS)

- Headquarter: Mumbai, Maharashtra
- Founded In: 1990 (as i-flex solutions)
- Industries Served: Banking, Financial Services, and Insurance.
- Team Size: Over 9,000
- Official Website: www.oracle.com/financial-services
- Address: Oracle Park, Off. Western Express Highway, Goregaon (East), Mumbai, Maharashtra 400063, India.
Oracle Financial Services Software, or OFSS, is an exclusive and strong force in the financial technology arena. It was originally established as i-flex solutions and was known to be the world renowned core banking product, FLEXCUBE. In the present day, OFSS is a majority-owned subsidiary of the multinational technology company Oracle, which allows it to unite product leadership with the size of a multinational.
The company is razor-sharp about the banking and insurance sector delivering the mission-critical software which drives financial institutions globally. Although it markets software products, it is a service-based company and it offers a lot of consulting, implementation and support services to help its customers succeed. This extreme specialization has made them a global undisputed leader in the financial services technology field.
- Why it is Notable: This covers all the way to core banking and payments, investor servicing and risk management.
Key Services:
- Banking Software Products (FLEXCUBE)
- Consulting
- Application Support
- Managed Services for Financial Institutions.
15. Happiest Minds Technologies

- Headquarter: Bengaluru, Karnataka
- Founded In: 2011
- Industries Served: EdTech, Industrial, Hi-Tech, Retail, Travel, Media & Entertainment.
- Team Size: Over 5,000
- Official Website: www.happiestminds.com
- Address: #53/1-4, Hosur Main Road, Madivala, Opposite Madivala Police Station, Bengaluru, Karnataka 560068, India.
Happiest minds technologies started with an entirely different concept: happy people make happy customers. Ashok Soota, the founder of the company, is a highly-esteemed leader in the Indian IT industry, and the welfare of his employees is the core of any strategy. The company is of the opinion that positive and relaxed working environments enable teams to achieve excellent client outcomes.
Being a born-digital, born-agile business, Happiest Minds was established during the time when the emphasis was on new technology, so it can enter into disruptive tools, such as AI, blockchain, cloud, and Internet of Things, without the baggage of legacy systems. The company assists clients to leverage technology to achieve growth by providing end-to-end digital transformation services. Such a combination of people-centric culture and profound digital expertise makes Happiest Minds a unique and useful partner in the world of technology.
- Why it is Notable: The fact that it was Born Digital, Born Agile and had a unique people-oriented culture that focused on employee happiness as the main driver of business success.
Key Services:
- Digital Business Services
- Product Engineering Services
- Infrastructure Management & Security Services.
16. Cyient

- Headquarter: Hyderabad, Telangana
- Founded In: 1991
- Industries Served: Aerospace & Defense, Communications, Automotive, Energy, Medical Technology, and Semiconductor.
- Team Size: Over 12,000
- Official Website: www.cyient.com
- Address: 4th Floor, A-1, SEZ, Phase-2, Infotech IT Park, Manikonda, Hyderabad, Telangana 500081, India.
Cyient is not like most IT service firms in that it specializes in engineering and geospatial activities, setting it apart among service based companies in India. What it does is indicated in its tagline, Designing Tomorrow Together. Cyient collaborates with the most progressive companies in the world to design and create intricate products and systems. This might be the design of an aircraft engine, the development of a next-generation medical device, or the development of intelligent digital maps of a telecom network.
The company combines the real world of engineering and the digital world of technology. The long experience that Cyient has in Aerospace, Communications, and Utilities implies that it provides highly specialized solutions that are essential to the operations of its clients. Cyient is in a way the unseen engineer that is making the world more intelligent and connected.
- Why it is Notable: Notable because of its deep focus on engineering, manufacturing and geospatial solutions and mission critical industries such as Aerospace and Defense.
Key Services:
- Engineering Services
- Geospatial Solutions
- Digital Transformation
- Analytics
- Manufacturing Support.
17. Zensar Technologies

- Headquarter: Pune, Maharashtra
- Founded In: 1991
- Industries Served: Hi-Tech & Manufacturing, Retail & Consumer Services, Banking & Financial Services, Insurance.
- Team Size: Over 11,000
- Official Website: www.zensar.com
- Address: Zensar Technologies, Kharadi, Plot No. 4, Zensar Park, MIDC, Pune, Maharashtra 411014, India.
Zensar Technologies is a subsidiary of the RPG Group and collaborates with companies to succeed in the digital-first world. As one of the well-established service based companies in India, their slogan Living Digital entails their incorporation of digital technologies in all aspects of their clients’ activities. Zensar provides an entire spectrum of services across all phases of digital transformation.
This begins with the creation of engaging customer experiences (CX), proceeds to the engineering and development of powerful applications, and is complemented by powerful data and analytics capabilities. Zensar is client-focused and has developed considerable experience in major sectors like manufacturing, retail, and financial services. They are not only aiming to implement technology but to deliver meaningful business results, so that their clients become more agile, customer-centric, and competitive in the new market.
- Why it is Notable: The emphasis they put on Living Digital and that they offer end-to-end digital solutions, including experience design and engineering, data analytics, and cloud services.
Key Services:
- Digital Experience & Engineering
- Data Engineering & Analytics
- Application Services
- Cloud & Infrastructure Services.
18. Sonata Software

- Headquarter: Bengaluru, Karnataka
- Founded In: 1986
- Industries Served: Retail, Consumer Goods, Distribution, Travel, and Software Vendors.
- Team Size: Over 5,000
- Official Website: www.sonata-software.com
- Address: 1/4, APS Trust Building, Bull Temple Road, N.R. Colony, Bengaluru, Karnataka 560019, India.
Sonata Software has a unique method of digital transformation referred to as Platformation TM. The company assists businesses to plan and develop their own scalable and reliable digital platforms instead of developing individual applications. This strategy allows companies to innovate quicker, develop new business models and communicate with customers in more meaningful ways. Another important aspect of the Sonata identity is a strong, long-term and strategic relationship with Microsoft.
The company is a master of incorporating the full Microsoft ecosystem, including Azure cloud, Dynamics 365, to provide powerful solutions to its customers. Sonata has a strong industry focus in retail, travel and distribution sector and uses its platform-engineering capabilities along with its domain expertise to future-proof its clients as digital enterprises. It seeks to develop contemporary, networked and smart business platforms.
- Why it is Notable: Its distinctive Platformation strategy of digital transformation and its strategic and deep partnership with Microsoft.
Key Services:
- Digital Platform Engineering
- Cloud Transformation
- Microsoft Dynamics 365 services
- Data Analytics & AI.
19. Kellton Tech Solutions

- Headquarter: Hyderabad, Telangana
- Founded In: 1993
- Industries Served: Retail, Travel, Healthcare, Financial Services, and Manufacturing.
- Team Size: Over 1,800
- Official Website: www.kellton.com
- Address: Plot No. 1367, Road No. 45, Jubilee Hills, Hyderabad, Telangana 500033, India.
Kellton Tech is an international technology consultancy and information technology services provider, and one of the emerging service based companies in India. It thinks it is fast, quick, and future oriented. It claims to be Digital Transformation of the Next and assists various types of businesses to cope with the intricacies of the digital era. Since it is a medium-sized company in comparison to the giants of the industry, Kellton Tech is flexible and client-oriented.
It collaborates with new-age technologies like the IoT, AI, cloud, and data analytics. The company is attempting to be a one-stop digital store, taking clients through initial strategy and design all the way through development, deployment, and support.
- Why it is Notable: The advantage of Kellton Tech is that it offers fast innovative solutions. That is what makes digital transformation possible and achievable by many businesses across the globe.
Key Services:
- Agile Software Development
- Digital Commerce & Marketing
- Cloud Services
- Data Science & Engineering
- IoT Solutions.
20. Birlasoft

- Headquarter: Pune, Maharashtra
- Founded In: 1995
- Industries Served: Manufacturing, Life Sciences, Banking, Financial Services & Insurance, and Energy & Resources.
- Team Size: Over 12,000
- Official Website: www.birlasoft.com
- Address: 35 & 36, Rajiv Gandhi Infotech Park, Phase 1, Hinjawadi, Pune, Maharashtra 411057, India.
Birlasoft is a part of CK Birla Group. It combines the long industrial heritage of the Group and the present digital capabilities. This combination allows Birlasoft to perform its core task: to guide the clients on the journey of the Enterprise to Digital. Major organizations depend on major systems like SAP and Oracle to operate their daily business. Birlasoft assists in maintaining these systems in a good condition and introduces new digital tools on top of them.
This is a feasible strategy that enables business firms to make a step without disrupting the day-to-day operations. Birlasoft offers extremely helpful and earthy digital solutions, thanks to its expertise in manufacturing and life sciences, which are also the skills of the CK Birla Group. To put it briefly, Birlasoft makes digital change a reality rather than a wishful thinking, combining a classic “enterprise core” and a new “digital frontier.”
- Why it is Notable: Since Birlasoft is a company of the CK Birla Group and fills the gap between Enterprise to Digital with the integration of traditional enterprise solutions and the latest digital technologies.
Key Services:
- Digital & Cloud Services
- Enterprise Application Services (SAP, Oracle, Salesforce)
- Intelligent Automation
- Data Analytics.
Conclusion: Are Service Based Companies in India Right for You?
What do we know after all? Are you fit to work in a service-based company?
It does not have a right answer. It is up to you, your personality, your career goals and what you like doing.
The service based companies in India that offer services may be an excellent choice in case: You enjoy diversity and hate doing the same thing over and over again. You are a trouble-shooter and you like to see other people succeed. You want to have a wide exposure to the various industries and technologies at the beginning of your career. You appreciate well-organized training and a career development plan in the early stages.
The abilities that you acquire in a service company: dealing with clients, flexibility, and quick learning, are very useful anywhere. It is most important to know the differences and to select the way which you are excited about the most at the moment.
FAQs
What is the difference between a service and a product company?
The easiest distinction between a product and a service company is the following: A service firm sells its time and skills (such as a consultant). A product firm sells an object (such as a phone).
Are all service companies related to IT?
All service companies are not in IT. Service companies include law firms, hospitals, advertising agencies and restaurants. The service industry is wide and big.
Are service companies good for freshers?
Service companies can be fantastic to the freshers as they offer excellent training, exposure to numerous projects, and a well-organized entry into a career.
Can I move from a service company to a product company later?
Later you may switch to a product company. Your ability to solve problems and technical skills developed in a service firm are very portable, and appreciated by product firms.