India’s information technology industry has grown far beyond its early reputation as an outsourcing centre. The country’s leading technology companies now manage cloud platforms, modernise banking systems, build enterprise software, protect digital infrastructure and develop artificial intelligence solutions for some of the world’s largest organisations.
The industry is also entering a new phase. Traditional application development and support remain important, but clients increasingly want measurable business outcomes from generative AI, automation, data engineering, cybersecurity and cloud transformation. This shift is changing how Indian IT companies win contracts, train employees and price their services.
We have prepared the Top 10 IT Companies in India 2026 by comparing their consolidated revenue for the financial year ended March 31, 2026. The ranking covers India-headquartered listed IT and technology-services companies and does not include foreign-headquartered firms with large Indian operations.
1. Tata Consultancy Services (TCS) – ₹2,67,021 Crore Revenue
Tata Consultancy Services remains India’s largest IT company by a wide margin. The Tata Group flagship reported FY2025–26 revenue of approximately ₹2,67,021 crore, equivalent to about $30 billion.
TCS serves customers across banking, retail, manufacturing, healthcare, communications and public services. Its scale allows it to compete for enormous multi-year transformation contracts that smaller providers cannot easily execute.
Artificial intelligence has become central to its strategy. By the end of FY26, TCS said its annualised AI revenue had crossed $2.3 billion, while its full-year order book reached $40.7 billion. The company also retained one of the strongest operating margins among large global IT-services firms.
What makes it stand out: Unmatched scale, a vast global delivery network and the ability to manage complex technology programmes across almost every major industry.
2. Infosys – ₹1,78,650 Crore Revenue
Infosys holds second place with FY2025–26 revenue of approximately ₹1,78,650 crore, crossing the $20-billion annual revenue milestone.
Founded in 1981, Infosys helped establish India as a global centre for technology services. Today, its work extends from application modernisation and consulting to cloud, data, cybersecurity and AI-led business transformation.
The company reported 9.6% revenue growth in rupee terms during FY26 and said AI-led programmes were active across 90% of its top 200 clients. Its large-deal total contract value reached $14.9 billion, providing a strong base for future revenue.
What makes it stand out: A globally respected brand, strong consulting capabilities and a disciplined approach to large digital-transformation programmes.
3. HCLTech – ₹1,30,144 Crore Revenue
HCLTech ranks third after recording FY2025–26 revenue of approximately ₹1,30,144 crore.
The company has built particular strength in infrastructure services, engineering and research and development, cloud operations, software and enterprise technology. Its HCLSoftware business also gives it a product portfolio that distinguishes it from most Indian IT-services competitors.
HCLTech delivered 11.2% growth in rupee revenue during FY26. It also became one of the first large India-headquartered technology-services firms to separately report advanced AI revenue, reflecting the growing commercial importance of AI-led work.
What makes it stand out: Deep engineering expertise, leadership in infrastructure management and a valuable combination of services and software products.
4. Wipro – ₹92,620 Crore Revenue
Wipro remains one of India’s best-known technology companies, with FY2025–26 gross revenue of approximately ₹92,620 crore.
The Bengaluru-headquartered company works across consulting, cloud, cybersecurity, engineering, data and business-process services. It serves large enterprises in financial services, healthcare, energy, consumer goods and manufacturing.
Wipro’s FY26 IT-services revenue was about $10.48 billion. Growth remained modest, but large-deal bookings increased strongly and the company continued reorganising around AI-powered services, platforms and industry-specific solutions.
What makes it stand out: A broad international client base, long-standing enterprise relationships and capabilities spanning consulting, engineering and managed services.
5. Tech Mahindra – ₹56,815 Crore Revenue
Tech Mahindra occupies fifth place with FY2025–26 revenue of approximately ₹56,815 crore, an increase of 7.2% over the previous year.
Part of the Mahindra Group, the company is especially well known for telecommunications technology. It also provides services to banking, manufacturing, healthcare, retail and automotive clients.
During FY26, Tech Mahindra improved profitability while expanding its work in AI, cloud, customer-experience platforms and network transformation. Its knowledge of telecom networks remains a major advantage as operators adopt automation and next-generation connectivity.
What makes it stand out: Exceptional telecom expertise, Mahindra Group backing and a growing focus on higher-value AI and digital-transformation contracts.
6. LTIMindtree – ₹42,308 Crore Revenue
LTIMindtree, now operating under the LTM brand, reported FY2025–26 revenue of approximately ₹42,308 crore.
The company was formed through the merger of Larsen & Toubro Infotech and Mindtree. The combination created a larger technology-services provider with substantial capabilities in banking, insurance, consumer goods, manufacturing, travel, cloud and data.
FY26 revenue increased 11.3%, while full-year order bookings reached about $6.6 billion. The company has also been deploying agentic AI within delivery operations to improve productivity without relying entirely on headcount growth.
What makes it stand out: The scale created by a major merger, strong digital-engineering capabilities and access to the wider Larsen & Toubro business ecosystem.
7. Coforge – ₹16,421 Crore Revenue
Coforge moved ahead of several established mid-sized rivals after reporting FY2025–26 revenue of approximately ₹16,421 crore.
Formerly known as NIIT Technologies, Coforge has strong industry specialisation in insurance, banking, travel, transportation and public-sector services. Its acquisitions have expanded both its capabilities and international reach.
Revenue grew 35.9% in rupee terms during FY26, making Coforge one of the fastest-growing companies in this ranking. Its executable order book for the following 12 months stood at about $1.75 billion.
What makes it stand out: Rapid growth, focused industry expertise and a consistent record of winning large transformation deals.
8. Mphasis – ₹15,880 Crore Revenue
Mphasis ranks eighth with FY2025–26 revenue from operations of approximately ₹15,880 crore.
The company is strongly associated with banking, financial services and insurance, although it also serves clients in logistics, travel, healthcare and technology. Cloud modernisation, application services and AI-led transformation are central to its current strategy.
Mphasis recorded improving growth through FY26 and secured about $2.1 billion in new total contract value during the year. A large share of those wins was connected to AI-led work, indicating how quickly its portfolio is changing.
What makes it stand out: Deep financial-services knowledge, specialist cloud capabilities and a growing pipeline of AI-linked contracts.
9. Persistent Systems – ₹14,748 Crore Revenue
Persistent Systems is one of India’s fastest-growing digital-engineering companies, with FY2025–26 revenue of approximately ₹14,748 crore, or $1.65 billion.
Founded in Pune, Persistent has built a strong position in software product engineering, cloud, data, healthcare technology and financial services. Its engineering-led culture appeals to clients developing or modernising complex digital products.
The company delivered 17.4% dollar revenue growth in FY26 and completed its 24th consecutive quarter of sequential growth. It has also invested aggressively in generative AI partnerships and enterprise AI engineering.
What makes it stand out: Consistent high growth, strong product-engineering skills and a clear focus on cloud, data and artificial intelligence.
10. L&T Technology Services – ₹10,996 Crore Revenue
L&T Technology Services, commonly called LTTS, completes the list with FY2025–26 revenue of approximately ₹10,996 crore.
Unlike general IT-services companies, LTTS specialises in engineering research and development. Its teams work on automobiles, industrial products, medical devices, telecommunications, aerospace and sustainability technologies.
FY26 revenue grew 14% in rupee terms, while large-deal bookings crossed $850 million. The company is combining engineering knowledge with AI, digital twins, embedded software and smart-manufacturing solutions.
What makes it stand out: A specialised engineering focus, a large patent portfolio and strong relationships with global product and manufacturing companies.
What Is Changing in India’s IT Industry in 2026?
AI is moving from experiment to revenue: Major companies are now reporting AI-related revenue, deal wins or client deployments rather than discussing only pilot projects.
Growth is no longer driven only by headcount: Automation, reusable platforms and AI agents are allowing firms to increase output without adding employees at the same pace as before.
Large deals remain crucial: Multi-year contracts provide revenue visibility when discretionary technology spending is weak or unpredictable.
Mid-sized companies are gaining ground: Coforge, Persistent Systems and Mphasis are growing through specialised expertise, acquisitions and faster execution.
Engineering services are expanding: Connected vehicles, industrial AI, medical technology and smart manufacturing are creating opportunities beyond traditional software outsourcing.
IT Companies Worth Watching
Several companies outside the revenue-based Top 10 deserve attention. Tata Elxsi has a strong position in design and embedded engineering. KPIT Technologies specialises in automotive software and mobility. Oracle Financial Services Software remains important in banking technology, while Hexaware Technologies has expanded through automation, cloud and digital operations.
These companies are smaller by annual revenue, but their specialist capabilities can produce faster growth and stronger margins than the largest general IT-services providers.
Final Word
India’s IT industry in 2026 combines enormous global scale with a fast-growing group of specialised challengers. TCS leads with approximately ₹2,67,021 crore in FY26 revenue, followed by Infosys and HCLTech, while Wipro, Tech Mahindra and LTIMindtree retain their positions among the country’s major technology exporters.
At the same time, Coforge, Mphasis, Persistent Systems and LTTS show that the next phase of Indian technology growth will not be defined by size alone. AI capability, engineering depth, industry knowledge and the ability to deliver measurable outcomes are becoming just as important as workforce scale.
