The Indian IT sector continues to be a powerhouse of global technology, demonstrating remarkable growth and financial strength as we move through 2025. A recent analysis, based on NSE data from November 21, 2025, and a Forbes report, reveals the titans of the industry ranked by their formidable market capitalisation.
The Undisputed Leaders of Indian IT
Tata Consultancy Services (TCS) firmly holds its position at the pinnacle of the Indian IT industry. With a staggering market capitalisation of Rs 11,25,948.84 crore, TCS is the undisputed leader. Its dominance is backed by impressive financial performance, including revenues surpassing $30 billion for the fiscal year ending March 31, 2025. The company's extensive global footprint and strategic focus on emerging technologies like cloud computing and artificial intelligence continue to fuel its success.
Following closely is Infosys, the Bengaluru-based giant co-founded by N.R. Narayana Murthy. Securing the second spot, Infosys boasts a market cap of Rs 6,25,569.76 crore, firmly placing it in the top five. The company generates annual revenues of approximately $18 billion, a significant portion of which comes from its advanced digital services portfolio encompassing cloud, AI, Internet of Things (IoT), and big data. With a trusted clientele spread across 59 countries, Infosys has cemented its status as a global IT partner.
Strong Contenders and Market Dynamics
HCL Technologies claims the third position with a market valuation of Rs 4,33,345.18 crore. Known for its prowess in engineering services and research-driven solutions, HCL crossed the $13 billion revenue mark in 2025. Its growth strategy heavily involves investing in new ideas, technologies, and intellectual property partnerships, strengthening its competitive edge in the market.
The list of top performers continues with other established names. Wipro takes the fourth place with a market cap of Rs 2,57,019.09 crore, while LTIMindtree rounds out the top five with a valuation of Rs 1,72,260.25 crore. The ranking demonstrates the sustained resilience and innovative capacity of India's home-grown tech giants, which compete effectively on the world stage alongside global behemoths like Alphabet, Microsoft, and Meta Platforms.
The Complete Top 10 Ranking
Here is the definitive list of the top 10 IT companies in India for 2025, based on market capitalisation in Indian Rupees (Crore):
1. Tata Consultancy Services (TCS): 11,25,948.84
2. Infosys: 6,25,569.76
3. HCL Tech: 4,33,345.18
4. Wipro: 2,57,019.09
5. LTIMindtree: 1,72,260.25
6. Tech Mahindra: 1,41,436.89
7. Persistent: 96,416.80
8. Oracle Fin Services: 71,518.71
9. Coforge: 60,329.98
10. Mphasis: 52,783.73
This ranking underscores the robust health and exciting trajectory of the Indian IT industry. From its beginnings decades ago, India has solidified its position as a global centre for technology, software services, and digital innovation, with these companies leading the charge.
