India has been experiencing a rapid stage of development, marked by various digital innovations, which are noticeable in several aspects. For example, you can refer to healthcare, technology, agriculture, and many more. As digital innovations and progress have expanded significantly in India, numerous startup agencies have emerged.
Nonetheless, India has changed a lot in the past decades because of many digital and commercial facilities. Moreover, these are the reasons why various prominent software firms in India have even expanded their businesses into foreign lands and into different sectors and categories.
In this blog, we will highlight the top software companies in India, and what some of their facilities and services are.
The Evolution And Growth of The Software Industry in India
The evolution and growth of the software industry in India mainly reflect various factors such as international demand, talent accessibility, and strategic planning. You can mainly refer to these reasons that are responsible for expanding the landscape of India in several global sectors. Nonetheless, there are also many points you can follow, such as:
Early Beginnings
It was mainly in the 1960s to 1970s when the Indian government set several preliminaries for the IT industries by investing in technical educational facilities such as RECs and IITs. Moreover, the government had also established various public sectors like the ECIL (Electronics Corporation of India Limited.
Also, in 1980, there were many noticeable shifts in these technical industries, such as:
- Policy changes mainly valued the software exports.
- The DoE (Department of Electronics) establishment and STPs (Software Technology Parks) created the foundation of formation.
- There are many companies like Tata Consultancy, Wipro, and Infosys that rose as early candidates in the software industry.
Expansion And Liberalisation
There was a turning of software companies in India in 1991, which you can also refer to as the economic reforms. Nonetheless, the era had several characteristics, such as:
- Convenient technology and computer exports.
- Liberalisation of foreign and trade investment.
Diversification And Maturity
This evolution was mainly noticeable in the 2000 era, where we could see several shifts in the IT sectors or ITES (IT-Enabled), such as:
- Standard and quality emphasis, such as the CMMI Level 5 certifications.
- Emergence of BPOs (Business Process Outsourcing).
- There were many software companies in India, such as TCS, Wipro, and Infosys, that started operating on an international level.
Recent Trends And Upcoming Outlook
This era primarily spans from 2020 to the present day, and this particular era has witnessed several characteristics, such as:
- International digital metamorphosis emerges after post-covid situation.
- Enhanced appeal for various services such as cybersecurity, AI/ML, Cloud, and many more.
- Various companies have gained global traction, like Freshworks, Razorpay, and Zoho.
What Is A Software Company? Definition And Scope
You can refer to a software company in India as a business facility that operates in several activities. For example, these activities are distribution, development, assistance of software assets and services, maintenance, and many more.
The software companies in India also develop various facilities such as system tools, applications, and platforms that assist various individuals, like governments, individuals, and businesses. Moreover, these figures operate with particular activities or solve certain queries by implementing digital technologies.
Scope of A Software Company
The scope of a software company in India can be highlighted widely and in a special way. Moreover, this scope also depends on various factors such as the target market, business model, and technical focus. Nonetheless, here is a breakdown you can follow:
Kinds of Software Services And Products
- System software: Device drivers and operating systems like Linux and Windows.
- Application Software: Facilities for end-users like Zoom, Microsoft, Photoshop, etc.
- Enterprise Software: Business solutions like CRM, HRM, ERP, and many more.
- SaaS (Software as a Service): Cloud-driven application accessibility by a subscription, such as Google Workspace and Salesforce.
Types of Software Companies in India
There are various kinds of software companies in India that you can notice. However, there are mainly two types of companies you can refer to, such as:
Product-Based Vs Service-Based
The product-based companies in India are companies in India that sell and develop proprietary software assets to consumers. Nonetheless, there are various sources for their revenues, such as licences, product sales, cloud-based facilities (SaaS), and subscriptions.
Also, if we discuss the service-based companies in India, they mainly offer facilities such as personalized software development, outsourcing facilities, and IT consulting to customers across many international lands. Moreover, these companies sometimes operate with customer assignments in exchange for a contract or a fee.
Domestic Vs Global-Focused
The domestic-focused software companies in India mainly deliver and develop software solutions for various facilities and figures, such as individuals, public sector organisations, and Indian businesses.
On the other hand, we have global-focused software companies in India that mainly prefer global customers and extract most of their income from various sources. For example, you can refer to it in the form of IT services, exports, consulting, and SaaS assets.
Top 10 Software Companies in India
Organizations and companies, especially related to software, are increasing and expanding their services and connections each year for technical and digital innovations. Moreover, as we have gone through many evolutions and kinds of software companies, here are the top 10 software companies in India, you can find:
1. Tata Consultancy
At the top of our list, we have Tata Consultancy Services, which has been one of the earliest growing software companies in India. Nonetheless, the Tata Consultancy is also the largest software facility in India that offers its customers various services such as business solutions, consulting, and IT services.
Alongside its broad facilities and services, the company has a prominent presence in several places in our country. Moreover, some of these places and sectors are banking, retail, telecom, and healthcare.
- Headquarters: Mumbai, Maharashtra.
- Founded: April 1st, 1968.
- Team size: 613,069.
- Website: https://www.tcs.com
2. HCL Technologies Limited
In second place in our list for top software companies in India is HCL Technologies Limited. Unlike most software companies in India, HCL Technologies Limited is one of the modern companies that operate on a global scale with helping various businesses and organisations in changing their services for the digital era.
Also, if we talk about the services of HCL Technologies Limited, there are several kinds of services they can offer to their customers. For example, you can refer to an integrated portfolio of services, IP, assets, and solutions by its 1-2-3 strategy mode.
- Headquarters: Noida, Uttar Pradesh.
- Founded: 12th November 1991.
- Team size: 223,420.
- Website: https://www.hcltech.com
3. Infosys
Coming up next, we have the Infosys software company in India, which is one of the oldest running IT and software services. The Infosys company has set its prominence on a global scale with its specialization in cutting-edge digital consulting and facilities for its customers.
Nonetheless, Infosys has been one of the factors driving the digital growth of India. Moreover, the company mainly focuses on sustainability and innovation while providing many services for businesses in data technology, consulting, outsourcing facilities, and many more.
- Headquarters: Bengaluru, Karnataka.
- Founded: 2nd July 1981.
- Team size: 323,578.
- Website: https://www.infosys.com
4. Tech Mahindra Ltd
If you are looking for top software companies in India, you will certainly come across Tech Mahindra Limited. Tech Mahindra Ltd primarily focuses on delivering customer-driven and innovative solutions to customers on a global scale. Also, Tech Mahindra Ltd is a subsidiary of the Mahindra group in India.
This facility offers various kinds of services to its customers. For example, you can refer to cloud and infrastructure services, engineering solutions, IT consulting, network services, and many more.
- Headquarters: Pune, Maharashtra.
- Founded: 24th October, 1986.
- Team size: 154,273.
- Website: https://www.techmahindra.com
5. Wipro Limited
There are several software and IT companies you can find in India; some of them have been operating for a long time, and others have newly emerged. Nonetheless, if we talk about one of the earliest developing IT facilities and companies in India, Wipro Limited will certainly make an appearance of providing various services through various facilities.
Moreover, some of the facilities are analytics, hyper-automation, innovative technologies, and robotics. Nonetheless, there are also many core services of Wipro Limited you can refer to, and some of them are consulting, data technology, business process services, etc.
- Headquarters: Bengaluru, Karnataka.
- Founded: 29th December 1945.
- Team size: 234,054.
- Website: https://www.wipro.com
6. Persistent Systems Ltd
Many software companies mainly operate on a global scale, and one of such software companies in India is Persistent Systems Ltd. The company primarily focuses on providing its services for modernising tech facilities and emerging digital businesses through its technology and digital comprehensiveness.
Also, if we talk about the services you can get from Persistent System Ltd, some of those services are data analytics, engineering solutions, cloud computing, endpoint security, software product management, and many more.
- Headquarters: Pune, Maharashtra.
- Founded: 16th May 1990.
- Team size: 23,500.
- Website: https://www.persistent.com
7. LTIMindtree Ltd
Another example of a prominent software company in India is LTIMindtree Ltd. Moreover, just like several other software and IT companies, LTIMindtree Ltd has also made its prominence across several global regions. Moreover, the company has a distinctive integration of speed and scale in its services, which are hardly noticeable in other software companies.
Also, if we talk about the various services of LTIMindtree Ltd, we will get a variety of choices. For example, you can refer to platform operations, cloud computing, data analytics, digital transformations, customer experience, and many more.
- Headquarters: Bengaluru, Karnataka.
- Founded: 23rd December 1996.
- Team size: 84,000.
- Website: https://www.ltimindtree.com
8. Coforge Ltd
There are various software companies you can find in India, and most of them offer several kinds of services you might require for your business. Moreover, another prominent mention of a software company in India is Coforge Ltd, which was previously referred to as NIIT Technologies.
Nonetheless, you can find a lot of services from Coforge Ltd, such as cloud infrastructure, enterprise application genres, artificial intelligence, digital supply chain, data management, and many more for their customers.
- Headquarters: Greater Noida, Uttar Pradesh.
- Founded: 13th May 1992.
- Team size: 33,497.
- Website: https://www.coforge.com
9. Oracle Financial Services Software Ltd
Coming up next, we are going to refer you to Oracle Financial Services Software Ltd as one of the top growing software companies in India. Also, the software has gained its prominence through its global contemporary and extensive technology footprint and banking applications. Moreover, these facilities are mainly there for your complicated business and IT needs.
Nonetheless, the company offers several facilities to its customers. For example, you can refer to cloud infrastructure, customer experience and acquisition, consulting services, BPO services, risk and finance, and many more.
- Headquarters: Mumbai, India.
- Founded: 4th of December, 1989.
- Team size: 8,868.
- Website: https://www.oracle.com
10. MphasiS Ltd
At the end of our list, we will suggest MphasiS Ltd as one of the emerging and prominent IT and software companies in India. Also, the company operates with next-generation facilities to address your enterprise and business problems on a global scale. Moreover, the company focuses on driving digital innovations in businesses through its flawless services at many facilities.
Furthermore, some of these facilities are a combined portfolio of facilities, business process expertise, etc. Nonetheless, there are various services the company offers to its customers. For example, you can refer to enterprise automation, Artificial intelligence, experience design, next-generation data, and many more.
- Headquarters: Bengaluru, Karnataka.
- Founded: June 6th, 2000.
- Team size: 31,601.
- Website: https://www.mphasis.com
Categorised List of Software Companies in India
There are several categories of software companies in India, such as:
Enterprise Software Providers
1. Tally Solutions
The company mainly operates with Enterprise Resource Planning and accounting software for various kinds of businesses. Also, the company focuses on regulatory compliance and provides ease-of-use facilities to its customers. Nonetheless, the company has been growing with its several facilities across many sectors in the country.
- Services: Resource planning and IT solutions.
- Website: https://tallysolutions.com
2. Ramco Systems
If we are talking about enterprise software providers, Ramco Systems will surely appear. Just like other software companies, it also operates on a global scale. Moreover, the company has various industries in textiles, energy, cement, and software.
Services: Enterprise asset management, international payroll and HR, and cloud services.
Website: https://www.ramco.com
3. Marg ERP
While describing enterprise software providers, another name that comes up is the Marg ERP. Moreover, this is a publicly traded company with CMIMI level 3. Also, the facility has gained prominence because of its innovations in ERP software.
- Services: GST compliance, E-invoicing, integrated accounting, and many more.
- Website: https://margcompusoft.com
Fintech Software Companies
1. Paytm
If we are talking about fintech software companies in India, Paytm is certain to make its appearance in the list. We mostly know the Paytm facility for UPI transactions. Moreover, Paytm also focuses on various facilities such as
Wallet, POS devices, etc.
Services: Money transfer, online payments, bill payments, etc.
Website: https://paytm.com
2. Razorpay
Just like Paytm, Razorpay is another facility that falls under the fintech software companies. Most people also use it as a platform for digital transactions. Nonetheless, it has various focus areas like payouts, neo-banking, payment gateway, etc.
- Services: NetBanking, mobile wallets, EMIs, etc.
- Website: https://razorpay.com
3. KreditBee
Coming up next, we have the KreditBee facility as one of the growing fintech software companies in India. It has a comprehensive user base that includes gig workers, young experts, self-employed, etc. Moreover, the facility has over 11 crore downloads for its application.
Services: Personal loans and customer credits.
Website: https://www.kreditbee.in
SaaS Startups
1. Freshworks
At the top of our list of SaaS startups, we are going to mention the Freshworks company. The company operates on a global scale with several facilities and services. Moreover, it has raised more than 1 billion dollars in revenue in 2021.
- Services: Customer support service, IT service management solution, etc.
- Website: https://www.freshworks.com
2. Zoho
Zoho is a prominent mention for a SaaS startup. Nonetheless, the company mainly focuses on end-to-end business suites like books and CRM. Moreover, it is one of the best examples of private companies with no external funding.
- Services: Data monetization, GDPR guidance, etc.
- Website: https://www.zoho.com
3. LeadSquared
At the end of our list for SaaS startups, we are going to recommend LeadSquared. This company focuses on selling CRM and marketing automation. Moreover, it has over 1500+ employees and serves more than 2000+ consumers.
Services: Sales execution, marketing automation, and many more.
Website: https://www.leadsquared.com
Cloud And AI Companies
1. Amazon Web Services India (AWS)
One of the most prominent cloud services you can refer to is Amazon Web Services. It mainly focuses on areas like storage and cloud infrastructure. Moreover, it also operates with several accessibility zones across many sectors in India.
- Services: AI platform expansion, machine learning, etc.
- Website: https://aws.amazon.com/india
2. Microsoft Azure
As the second choice for cloud and AI companies, we will refer you to Microsoft Azure. This facility mainly provides security, Azure AI, and many more. Nonetheless, it has an Indian office in Bengaluru and Noida.
- Services: Auto-indexing, DevOps support, etc.
- Website: https://azure.microsoft.com
3. H2O.ai
For our ending suggestion for cloud and AI companies, we are going to mention the H20.ai facility. Moreover, H2O.ai focuses on areas such as open-source ML and AI platforms. Nonetheless, the company has a headquarters located in Bengaluru.
- Services: Field data science delivery, engineering support, etc.
- Website: https://h2o.ai
CRM And HR Tech Providers
1. SugarCRM
At the top position for CRM and HR tech providers goes SugarCRM. This company has a headquarters situated in Mumbai. Nonetheless, the facility also has prominence as a global CRM vendor with an Indian presence.
- Serviced: Sales and marketing automations.
- Website: https://www.sugarcrm.com
2. Vtiger
Coming up next, we will recommend the Vtiger facility as one of the best CRM providers. This facility has a main operational base in Mumbai. Nonetheless, it focuses on cloud and on-premise CRM options for its services.
Services: Helpdesk for SMBs and CRM.
Website: https://www.vtiger.com
3. Keka HR
For our last option, the Kaka HR company is an ideal choice for HR tech providers. The company mainly operates in Hyderabad. Moreover, it is one of the fast-growing mid-market facilities in India with various HR facilities.
- Services: Performance management, payroll, and attendance.
- Website: https://www.keka.com
Rising Stars: Emerging Startup Companies in India to Watch
There are various startup companies in India that have been gaining a lot of popularity for their services. Nonetheless, some of the examples are:
- SuperProcure: This company has become prominent for AI-driven power management and has focus areas on SaaS procurement for enterprises.
- Kloudio: This facility operates by simplifying data reports for non-tech users and mainly focuses on self-service data analytics.
- SuperOps.ai: This service or facility has gained major prominence because of its fast adaptation in the IT sector. Moreover, the company focuses on IT services and MSP platform automation.
Why Global Tech Giants Build And Scale in India?
You can find several for global tech giants scaling and building in India, such as:
- There is a huge talent pool of proficient engineers who focus on coding skills and STEM education.
- There are competitive labor costs that help various companies create extensive engineering facilities.
- You can find thriving tech startups and ecosystems in India.
- The number of large domestic markets and use cases has significantly increased.
How to find the Right Software Company?
If you want to choose the right software company in India, especially for career growth and business partnerships, here are some steps you need to follow:
For Career Growth
- Working on customer projects across various domains.
- Providing often exposure to cutting-edge innovations and technologies.
- Providing customers with a lot of projects for their requirements.
For Business Partnership
- Ensuring the technical proficiency of the company matches your project requirements.
- Checking if the companies provide end-to-end services.
- Confirming experience with your industry domains, providing often exposure to cutting-edge innovations and technologies.
- Providing customers with a lot of projects for their requirements.
In Conclusion
The future of software companies in India looks promising in several ways. Moreover, the companies are not only providing customers with various convenient services for their tech businesses but also expanding their service range to global clients.
Nonetheless, the software companies in India have also been adapting modern and trending digital innovations and facilities available in the global market to make their services more accessible and direct to their customers.
FAQs
What are some of the best IT companies in India?
Some of the best IT companies in India are Wipro, Sonanta, MphasiS, and many more.
What are some of the emerging software companies in India?
There are a lot of emerging software companies in India, such as HCL Technologies Limited, Tech Mahindra, Redington, etc.
What is the most prominent private company in India?
The most private company in India, following various surveys and statistics, is Reliance Industries Limited.
Which IT companies have operated in India for a long time?
Many IT companies have been operating for a very long time, such as Tata Consultancy, Infosys, Wipro, Oracle, and many more.
