Mumbai, the financial hub of India and home to a rapidly growing Information Technology (IT) industry. This bustling metropolis houses both multinational corporations and fast-rising startups makes it a hotspot for IT activities in the country.
In this section, we'll delve into the world of IT companies in Mumbai to explore their impact, contribution to the economy and the factors that make them a crucial part of India's digital transformation journey.
Top IT Companies in Mumbai in 2023
1. Tata Consultancy Services
TATA Consultancy Services Limited (TCS) is an Indian multinational information technology company that provides best IT and consulting services. Its headquarters are located in city Mumbai and state Maharashtra. It is a part of one of the most reputed business groups in the country named “Tata Group” which operates in 150 locations across 46 countries. In July of 2022, reports indicated that TCS had a global workforce that exceeded the number of 600,000 employees. It also holds the position of the second-largest Indian company in terms of market capitalization and is widely recognized as one of the most valuable IT service brands on a global scale.
Furthermore, it stands as one of the leading Big Tech companies in India. In the year 2015, TCS achieved the impressive rank of 64th in Forbes' "World's Most Innovative Companies" listing by solidifying its position as one of the highest-ranking IT companies in MUmbai and a prominent Indian corporation. As of June 2023, it holds the distinction of being the world's second-largest employer in the IT industry.
In the year 2018, it was positioned in eleventh position on the list of “Fortune India 500”. By September 2021, TCS had achieved a market capitalization milestone of US$200 billion which marked a historic achievement as the first Indian IT technology company to reach this valuation. In December 2022, the market capitalization stood at INR 11,71,481.89 crore. During the fiscal year 2016-2017 “Tata Sons” the parent company used to hold a majority ownership stake of 72.05% in TCS and over 70% of Tata Sons' dividends were attributed to TCS's earnings.
Services offered by them
- Cloud.
- Cognitive Business Operations.
- Consulting.
- Cybersecurity.
- Data and Analytics.
- Enterprise Solutions.
- IoT and Digital Engineering.
- Network Solutions and Services.
2. Tech Mahindra
Tech Mahindra is a multinational corporation specialized in providing information technology services and consulting and is an integral part of the “Mahindra Group”. The company is centrally located in “Pune” with its registered office in “Mumbai”. Tech Mahindra holds a substantial market valuation of US$6.0 billion and maintains a workforce that exceeds 148,000 professionals spanning 90 countries across the world. Notably, in the year 2019 Tech Mahindra secured the 5th position among India's IT firms and an overall ranking of 47 in the “Fortune India 500 list”.
Tech Mahindra finalized its merger with Mahindra Satyam on June 25, 2013. It is a prominent player among India's leading Big Tech companies and as of June 2022 it has maintained a roster of 1,262 active clients.
Services offered by them
- Cloud Services. ...
- FLEX Digital Workplace Services. ...
- Enterprise Network Services. ...
- Data Center Services. ...
- Enterprise Security Services.
4. Infosys
Infosys Limited is an Indian multinational information technology company that provides consulting, information technology and outsourcing services to various business segments. This company was established in “Pune” with its headquarter in “Bangalore”. According to a survey it was found that Infosys became one of the second largest IT companies in mumbai after TCS (Tata Consultancy Services), by the year 2020
On 24 August 2021, Infosys became the fourth Indian company to reach US$ 100 billion in market capitalization and one of the top Big Tech (India) companies
Services offered by them
software development, maintenance and independent validation services
5. L&T Infotech
LTIMindtree Limited is an multinational information technology and consulting services company based in Mumbai, India. It was established in 1996 as a part of Larsen & Toubro, this company had a workforce of more than 82,000 people. Due to all these factors It stands as one of India's premier Big Tech companies.
LTI starts by consulting with clients about their need or requirement, all this is done by analyzing their clients existing systems and workflows. Then they design a personalized solution by implementing a new software system for revamping the entire IT Companies in Mumbai
Once a solution is designed a team of engineers and developers at LTI work together to bring this solution to life. This process can take a long period of time because it involves coding of new softwares, setting up servers and networks or integrating different systems to nullify the communication gap between experts.
Services offered by them
- consultancy
- Design
- Development and testing services
6. Accenture
Accenture plc is an Irish-American company and is based in Dublin. This company specializes in providing IT, consulting and professional services. A Fortune Global 500 company reported that it held a revenue of $61.6 billion in the year 2022. According to a survey it was found that Accenture’s current clients include 91 out of 100 of the Fortune Global companies and more than “three-quarters” of the Fortune Global 500. In 2022, Accenture holds the distinction of being the world's largest consulting firm in terms of employee count. Julie Sweet assumed the role of CEO at Accenture on September 1, 2019. Since that day Accenture holds its name in the list of Top IT companies in Mumbai.
Their services encompass a wide range of areas which includes strategic consulting, digital integration, technology implementation and operational services. They help businesses to adopt and implement new technologies and enhance their operational efficiencies.
Accenture is like a versatile tool that a business can use to enhance its performance. Whether it's integrating a new technology system, improving business processes, or devising a digital marketing strategy.
Services offered by them
- Strategy development and implementation.
- Digital transformation and optimization.
- Technology implementation and management.
- Operations improvement and optimization.
- Cybersecurity and risk management.
- Supply chain and logistics optimization.
7. Wipro
It is an Indian Multinational Corporation that provides information technology, consultant, business process etc and is one of the leading companies in the list of “Big Tech India”. Wipro offers a wide range of services which includes cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics and various other technology consulting services to clients in 167 different countries.
Wipro is able to do this because it follows a structured process which helps them to understand all the specific needs of clients. Wipro also has a team of professionals who are experts in software development, consulting and infrastructure management. Once they clarify all the demands of their customers, Team of wipro starts working on these needs and prepares a solution which is perfectly suitable for that specific client.
It is very important to note that Wipro does analysis on a regular basis to find sectors in which they have to improve in. Using this they are able to deliver more value to its clients. So, this was overview of how wipro works and what makes it so special for being in the list of best IT Companies in Mumbai
Services offered by them
- cloud computing
- computer security
- digital transformation
- artificial intelligence
- robotics
- data analytics and other technology consulting services.
8. IBM
The International Business Machines Corporation (commonly referred to as IBM and affectionately nicknamed Big Blue) is one of the best multinational technology corporations in America. Its headquarters are situated in Armonk, New York and Operates in more than 175 countries. IBM is a specialist in building computer hardware, middleware and software.
It also offers hosting and consulting services that includes a wide range of technologies starting from mainframe computers to nanotechnology. IBM is also known as the world's largest industrial research organization because it is capable of maintaining 19 research facilities spread across dozens of countries. Remarkably, it held the record for the highest number of annual U.S. patents generated by a business for an impressive 29 consecutive years, from 1993 to 2021.
IBM was established in the year 1911 as the computing-Tabulating-Recording company popularly known as “CTR”. It also worked as a company who specializes in manufacturing record-keeping and measuring systems. IBM was renamed as "International Business Machines" in 1924 and soon after that it became one of the leading manufacturers of punch-card tabulating systems.
For the next several decades, IBM remained an industry leader in several emerging technologies like electric typewriters, electromechanical calculators and personal computers. In the 1960s and 1970s, IBM's mainframe named “System/360” stood as one of the most prevailing computing platforms. During this era, IBM was responsible for manufacturing 80 percent of the computers within the United States and 70 percent of computers worldwide.
After the successful launch of the multipurpose microcomputer in the 1980s it was able to set standards for personal computers. After that due to emergence of new competitors IBM lost the market dominance. Beginning in the 1990s, the company decided to make a strategic shift and due to this shift they lost the scale of operations and divesting from commodity production. One of the most significant actions taken in this direction was the sale of its personal computer division to the Lenovo Group in 2005.
IBM has contributed a major proportion of its time for improving computer services, software,supercomputers and scientific research. Since 2000, IBM’s supercomputers have ranked consistently among the most powerful companies in the world and in 2001 it became the first company to generate more than 3,000 patents in just one year. Due to this consistency it was able to beat this record in 2008 with over 4,000 patents. By the end of 2022, IBM was sole owner of more than 150,000 patents
As IBM was one of the world's oldest and largest technology companies it has been responsible for innovating several technological like the automated teller machine (ATM), dynamic random-access memory (DRAM), floppy Disk, hard disk drive, magnetic strip card, relational database, SQL programing language and UPC barcode. Further to show the company's establishment and expertise it ventured into advanced computer chips, quantum computing, artificial intelligence and data infrastructure. IBM employees and alumni have won various recognitions for their scientific research and inventions which includes six Nobel Prizes and six Turing Awards
IBM is a publicly traded company and one of 30 companies in the Dow Jones Industrial Average. In 2022, it ranked among the world's largest employers with a workforce of over 297,900 employees across the globe. "Despite experiencing a relative decline within the technological sector “IBM” was able to maintain its position as the seventh-largest company by revenue and ranked 49th largest overall in the 2022 Fortune 500. It is also consistently ranked among the world's most recognizable, valuable and admired brands. This made IBM one of the greatest companies in the list of top IT companies in Mumbai.
Services offered by them
- AI.
- Analytics.
- Dashboards.
- Data governance.
- Data sources.
- Developer tools.
- Industry solutions.
- Storage.
9. Capgemini
Capgemini SE is a French company that provides one of the best multinational information technology (IT) and consulting service providing companies. Its headquarters are located in Paris, France. Their operational model is based on business lines such as Application & Business Services.
In Application Services, Capgemini works closely with its clients to design, develop and help them to manage applications that are flexible, scalable and secure enough to meet their business objectives. They offer services that range from development of new softwares to enhancement of existing systems with new functionalities.
Their Business Services offer a broad range of services in areas such as finance, accounting, procurement and supply chain management. By doing this they used to assist companies in streamlining their operations, driving efficiency and reducing costs. All this services provided by “Capgemini” helps it to stand as one the best companies in the list of IT Companies in Mumbai
Services offered by them
- Cloud
- Customer first
- Cybersecurity
- Data and Artificial intelligence
- Enterprise management
- Intelligent industry
- sustainability
10. Hexaware Technologies
Hexaware Technologies is an information technology (IT) and business services company located in Navi Mumbai (country) India and was established in 1990 by Atul Nishar. On July 28, 2014, “R Srikrishna” was declared as the company's new CEO. The company has offices in countries like the United States, Mexico, Canada, Brazil, Sydney, Singapore, Japan, India, China, United Arab Emirates, Uk,Germany, Romania and Netherlands.
Hexaware follows an automation strategy that automates as many processes as possible. For reducing manual labor, increasing efficiency and eliminating human error. On the other hand Its cloud strategy aims to utilize the power of “cloud computing technology” to ensure that data is accessible and scalable enough that it can support growth and adaptability of today’s digital business environment.
It uses digital technologies to improve the way of interaction done by businesses with their customers. This leads to better customer satisfaction & loyalty. They formulate these strategies through a profound comprehension of industry-specific business processes and dedication towards innovation. This approach allows “Hexaware” to provide the most efficient solutions that suit perfectly to the unique needs of its clients.
Services offered by them
- Application Services.
- Business Process Services.
- Cloud Services.
- Hexaware's Strategic IT Consulting.
- Customer Experience Services.
- Cyber Security Resilience Services.
- Business Intelligence & Data Analytics Services.
- Digital Product Engineering.
11. HCL Technologies
"HCL Technologies Limited” is a branch that works under the brand name “HCLTech” and popularly known as “Hindustan Computers Pvt. Limited” . It is an Indian multinational company specialized in providing information technology (IT) and consulting services.
The company's headquarters are located in Noida established by the CEO “Shiv Nadar". It became an independent company in 1991 when HCL entered into the software services sector. Presently, the company maintains a global presence with offices in 52 countries and a workforce of more than 2,25,944 employees.
HCLTech is on the list of Forbes Global 2000 and is among the top 20 largest publicly traded companies in India with a market capitalization of ₹281,209 crore as of March 2022. It also holds a position in the list of top Big Tech (India) companies.
Services offered by them
- Consulting
- Applications
- Insights
- IoT
12. Cognizant
Cognizant is an American company that provides one of the best multinational information technology and consulting services. Based in Teaneck, New Jersey, U.S., Cognizant is a constituent of the NASDAQ-100 index and is traded under the ticker symbol “CTSH”. It was founded as an in-house technology unit of Dun & Bradstreet in 1994 and started serving its external clients in 1996.
After undergoing a series of corporate reorganizations Cognizant went public with an initial public offering in 1998. The company experienced rapid growth throughout the 2000s to achieve Fortune 500 status in 2011 and maintain its ranking at 185 as of 2021.
With a global workforce “Cognizant” is able to utilize advanced technologies, industry expertise and a customer-centric approach helps businesses to build stronger and more efficient systems. It's involved in areas like digital engineering, cloud and infrastructure, artificial intelligence, data and analytics and much more. It aims to deliver transformative outcomes in a digital-driven world.
Services offered by them
- Banking. Insurance. Life Sciences. Retail. Utilities.
- Services. Cloud. Consulting. Digital Experience. Quality Engineering & Assurance.
- Insights. Themes. Modern Business. Research. Deep Green. The Future of Us. The Future-Ready Business Benchmark. The Metaverse. The Work Ahead. Explore. ...
- ESG. Intuition Engineered® Public Policy.
13. Oracle
Oracle Corporation is an multinational company expertise in providing computer technology services it is located in Austin, Texas, United States (America). In 2020, Oracle was declared as the third-largest software company in the world in terms of revenue and market capitalization.
This company specializes in the sale of database software and technology which includes its proprietary brands as well as cloud-engineered systems. Additionally, it offers a range of enterprise software products like enterprise resource planning (ERP) software, human capital management (HCM) software, customer relationship management (CRM) software (also referred to as customer experience), enterprise performance management (EPM) software and supply chain management (SCM) software.
Services offered by them
- Software as a Service (SaaS) Enterprise applications: SCM, EPM, HCM, ERP and CX SaaS offerings.
- Platform as a Service (PaaS) Oracle has branded its Platform as a Service as Oracle Cloud Platform.
- Data as a Service (DaaS)
- Infrastructure as a Service (IaaS)
14. Datamatics Global Services Ltd
Datamatics is an Indian company that provides consulting, information technology (IT ), data management and business process management services to multiple giant industries. They use robotics, artificial intelligence and machine learning algorithms to provide the best services. Company’s headquarter is located in Mumbai but has a presence across countries like America, Australia, Asia and Europe.
Since 1987, the company has focused more on providing computer and electronic data processing services. Over time, they expanded their services to include services like information technology & robotic process automation as a key component of its service portfolio to make it more exotic.
Each project is overseen by a dedicated project team which regularly communicates with the client to ensure smooth and efficient delivery. Their services are used by customers across various sectors such as Banking, Insurance, Manufacturing and Healthcare to assist them in achieving their business goals by providing cost-effective solutions.
Services offered by them
- consulting
- information technology (IT)
- data management
- Enterprise Content Management
- Business process management services
15. 3i Infotech Limited
3i Infotech Ltd (established as ICICI Infotech Ltd) is an Indian IT company established in 1993. It operates as a global Information Technology company expertised in providing technology solutions to MNC companies. They follow a process specially structured for understanding the specific needs of each client which allows them to provide tailored IT services & solutions that align with these requirements.
They provide a wide range of services which includes Application Software Development & Maintenance, Business Intelligence, Infrastructure Management and IT consulting. Based on the client's requirement they initiate their process by conducting a detailed analysis. Then the team of experts design & develop a software solution using advanced technologies. Before implementation, the solution is tested thoroughly to ensure that it performs optimally and fulfills all the needs of their client's.
They also offer training to ensure that clients can efficiently use the implemented solution. In this way, 3i Infotech Limited works strategically to streamline business processes, improve operational efficiency and drive growth for their clients.
Services offered by them
- sales
- Solutions
- consulting
- delivery
- quality assurance
16. Mphasis
Mphasis Limited is a famous Indian company that provides best multinational information technology and consulting services and is one of the most reputed companies in Bengaluru. They also provide architectural guidance, application development & integration and application management services. All these services are especially built for serving the financial, telecom, logistics and technology industries.
In 2019, Mphasis achieved the impressive rank of #7 among India's top and #1 among top IT companies in Mumbai and was placed at an overall position of #189 in the list of “Fortune India 500". In April 2016, Hewlett Packard Enterprise invested the majority of its ownership in Mphasis to the Blackstone Group LP for approximately “1 billion US$”.
Mphasis is a global Information Technology (IT) solutions provider and they are experts in providing cloud and cognitive services. Company's approach primarily revolves around applying next-generation technology to traditional business problems. This process begins with understanding a client's business needs and challenges. Based on this understanding, Mphasis' team of experts designs a custom IT solution.
Then the solution prepared by them is developed, tested and implemented. Throughout this process “Mphasis” maintains a strong focus on user-friendliness and efficiency to ensure that the final product is not only effective at solving the client’s problems but also easy to use.
Services offered by them
- Application Services
- Blockchain Business Process Services
- Cognitive Cyber Security
- DevOps DevOps Automation Services.
- AI Digital Enterprise
- Automation Experience
- Design Governance
- Risk
- Compliance Infrastructure Services.
17. WNS Global Services
WNS (Holdings) Limited (NYSE: WNS) is a Mumbai-based global business process management company. Its operations span 60 delivery centers worldwide and they have established a significant global presence as well.
They help businesses to reach their goals by handling tasks that businesses might find difficult or time-consuming. Think of these tasks like stages in a relay race and "WNS" is like a dependable team member you can hand off the baton to.
It offers services in many different areas like banking, healthcare, insurance and travel. For instance, in banking they might handle tasks such as helping customers or evaluating risks. By doing this they free up the bank to concentrate on what they do best.
WNS uses advanced technology like “AI and Machine Learning” to automate some of these processes. This leads to faster and more accurate results. For example, an AI could answer customer queries at any time of the day and improve the experience of its customers.
To sum it up, WNS Global Services is like an extra hand that businesses can use to manage their tasks. They ensure that businesses can focus on what they do best while “WNS takes care of the rest”.
Services offered by them
- BPM solutions
- industry-specific offerings
- customer experience services
- finance and accounting
- human resources
- procurement
- research and analytics
18. Syntel
Syntel, Inc. was one of the best providers of integrated technology and business services on an international level. Under the leadership of Rakesh Khanna “Atos Syntel” was formed through the acquisition of Syntel, Inc. by Atos S.E. The acquisition was announced on July 22, 2018 and finalized on October 9, 2018. IN accordance with that the subsidiary was integrated into “Atos."
Syntel's primary domains included works like digital transformation, cloud services and process automation. It also offers a range of services such as application outsourcing, product engineering and testing.
Syntel implements an approach that combines industry-specific functional and technical expertise with a global delivery model. It employs automation tools, AI and machine learning techniques to improve the efficiency of processes, reduce manual intervention and increase productivity. Syntel's digital transformation services aims to help businesses to adapt new digital technologies for improving their ability and stay ahead in this rapidly evolving digital world.
Syntel's working methodology is divided into four key steps:
1. Understanding client requirements: This step involves meeting with clients to understand their specific needs, business models and expectations from the service.
2. Planning and design: In this phase, Syntel's technical team designs a solution prepared according to the client's needs and aligns the same with best practices of industry.
3. Implementation: Then the solution prepared by experts is implemented into a working system.
4. Monitoring and management: After this they provide continuous support and maintenance services.
By combining deep client insights with technological prowess “Syntel” delivers solutions that drive business growth and enable operational efficiency.
Services offered by them
- Application Outsourcing
- Knowledge Process Outsourcing
- e-Business and Team Sourcing.
19. IGATE
IGATE (Information Gateway) is a system designed to facilitate smooth and efficient data exchange. Here's how it works in layman's terms:
1. Data Collection: IGATE pulls data together from different sources. This could be anything from user input on a website, data from different software systems or accessible databases.
2. Data Transformation: Once the data is collected, IGATE transforms it into a standardized format. This process ensures that the data can be understood and utilized easily regardless of its original source or form.
3. Data Routing: After transformation, IGATE routes the data to the appropriate destination. This could be a different software system, a database or even a user interface.
4. Data Delivery: The final step is data delivery. IGATE ensures that the data arrives at its intended destination, ready to be used for decision-making, analysis or any other relevant purpose.
IGATE's main purpose is to provide a streamlined way of managing and transporting data which makes it a crucial component in many businesses and industries who depend on verified information.
Services offered by them
- Application development.
- Application maintenance.
- Business intelligence and Analytics.
- Business process outsourcing.
- Cloud services.
- Enterprise mobility.
- Infrastructure management services.
- P&ES embedded systems.
20. Genpact
Genpact is a productivity tool designed for streamlining and automating repetitive tasks. When you begin using Genpact, you start by inputting your various tasks. These can range from simple to complex and include everything beginning from emails to automating specific software functions.
This platform uses a combination of artificial intelligence and machine learning algorithms to manage these tasks. It figures out the most efficient way to perform them and makes sure to reduce the efforts of users as much as possible. What makes Genpact unique is its adaptability. It learns from your patterns and refine its process continuously to ensure that every solution is hygienic and effective.
Services offered by them
- Artificial intelligence.
- Intelligent automation.
- Cloud.
- Customer care.
- Data and analytics.
- Experience.
- Finance and accounting.
- Risk and compliance.
Conclusion
"In summary, Mumbai is known as India's financial hub and is also a major player in the IT industry. IT companies in Mumbai are always pushing the limits of technology, showing remarkable innovation and expansion. They not only offer vital services worldwide but also play a vital role in the region's economic growth, solidifying Mumbai's importance in the global IT scene."
