TCS leads India's IT sector with FY26 revenue of Rs. 2,67,021 Crore.
AI, cloud computing, and cybersecurity remain major growth areas for Indian technology firms.
Coforge and Persistent Systems report strong revenue growth in Q2 FY27.
India’s IT sector is home to some big names that serve global businesses, build enterprise software, and develop new technology. Tata Consultancy Services (TCS), Infosys, HCLTech and Wipro lead by revenue, while Coforge and Persistent Systems are growing fast in specialized services.
These companies also cover software development, cloud, artificial intelligence, cybersecurity, and digital transformation. Their size, client lists and technical depth make India a key hub for the global IT industry.
TCS tops the list with FY26 revenue of Rs. 2,67,021 Crore. It is headquartered in Mumbai and started operations in 1968. The company offers IT consulting, cloud computing, cybersecurity, AI, and enterprise software, with clients across many industries worldwide. In Q2 FY27, TCS reported revenue of USD 7.642 billion and annualised AI revenue of USD 3.1 billion. New deal value hit USD 9.6 Billion, a sign of strong demand.
Infosys ranks second, with FY26 revenue of Rs. 1,78,650 Crore. It was founded in 1981 and is based in Bengaluru. Its main services are software development, cloud computing, data analytics, consulting, and AI solutions, and Infosys Topaz supports its AI and business automation work. In Q2 FY27, revenue came in at Rs. 49,244 Crore, up 10.7% year on year. Operating profit was Rs. 10,330 Crore and net profit was Rs. 7,823 Crore.
HCLTech comes third with FY26 revenue of Rs. 1,30,144 Crore. Founded in 1976, it is headquartered in Noida. Its business spans engineering research, cloud services, software products, cybersecurity, and IT infrastructure, and it holds a strong position in engineering-led technology services.
Q2 FY27 revenue reached Rs. 35,620 Crore, up 11.5% year on year. Advanced AI revenue was USD 219 million, up 78% year on year in constant currency, and new deal wins totalled USD 3.258 billion.
Wipro places fourth with FY26 revenue of Rs. 92,624 Crore. It began in 1945 and is based in Bengaluru. Its services include IT consulting, cloud technology, cybersecurity, engineering, and business process services for global clients that need software and enterprise technology solutions. In Q2 FY27, gross revenue was Rs. 24,750 Crore, up 9.1% year on year. The operating margin was 16.5%, and large deal bookings came to USD 674 million.
Tech Mahindra holds fifth place with FY26 revenue of Rs. 56,815 Crore. Founded in 1986, it is headquartered in Pune. Its main areas are telecom technology, 5G networks, cloud computing, AI and digital engineering, and it has a strong presence in telecommunications and network services. Q2 FY27 revenue was USD 1.693 billion, with constant-currency growth of 7.2% year on year. The EBIT margin was 14.8%, and new deal wins reached USD 1.023 billion.
LTM Limited, formerly LTIMindtree, places sixth with FY26 revenue of Rs. 42,308 Crore, and its headquarters are in Mumbai. It offers cloud services, enterprise software, data analytics, AI and digital consulting, helping businesses improve their software systems and handle complex technology needs. In Q2 FY27, LTM reported revenue of Rs. 11,808 Crore, up 13.6% year on year. EBIT grew 11.5%, which points to healthy business performance.
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Coforge ranks seventh with FY26 revenue of approximately Rs. 16,403 Crore. Founded in 1992, it is headquartered in Noida. Its key services are AI, cloud computing, software development, and business automation, and banking, insurance, and travel make up important parts of its client base. Q2 FY27 revenue reached USD 652.2 million, up 40.1% year on year. It also signed eight large deals and reported a next 12-month executable order book of USD 2.38 billion.
Mphasis comes in eighth with FY26 revenue of approximately Rs. 15,880 Crore. Founded in 1998, it is headquartered in Bengaluru. Its main services include cloud technology, application development, automation, and financial technology, with banking and insurance remaining important business areas. That focus on financial services technology gives it a clear position among India’s specialist IT firms.
Persistent Systems takes ninth place with FY26 revenue of Rs. 14,748 Crore. Founded in 1990, it is headquartered in Pune and focuses on software product engineering, AI, cloud computing and data services. In Q2 FY27, revenue reached USD 487.6 million, up 20% year on year. Total contract value stood at USD 633.5 Million, and the workforce crossed 29,500 employees.
L&T Technology Services holds the tenth place with FY26 revenue of Rs. 10,996 Crore. Founded in 2012, it is headquartered in Vadodara. Its main areas are engineering research, automotive technology, embedded systems, and industrial automation. Q2 FY27 revenue was Rs. 3,040.4 Crore, up 12.1% year on year. Total contract value for large deals topped USD 200 million, with AI-related deals contributing more than 50%.
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India’s top IT companies now compete on more than revenue and headcount. AI services, cloud expertise, cybersecurity, and software engineering are playing a bigger role in business growth. TCS leads on scale, while Coforge and Persistent Systems have posted strong recent revenue growth. Each company has its own strength, from telecom services to industrial engineering. How well they turn technical skills into valuable business solutions will shape India’s position in the global IT market.
1. Which is the No. 1 IT company in India in 2026?
Tata Consultancy Services (TCS) ranks first among Indian IT companies by FY26 revenue of Rs. 2,67,021 Crore.
2. Which are the top 5 IT companies in India?
The top five are TCS, Infosys, HCLTech, Wipro, and Tech Mahindra, based on FY26 revenue.
3. Which Indian IT company has the highest revenue?
TCS has the highest revenue among the companies covered, with Rs. 2,67,021 Crore in FY26.
4. What services do India's leading IT companies offer?
These companies offer software development, IT consulting, cloud computing, cybersecurity, artificial intelligence, data analytics, and digital engineering.
5. Which technology trends are shaping India's IT industry in 2026?
Artificial intelligence, agentic AI, cloud computing, cybersecurity, digital engineering, and Global Capability Centres (GCCs) are major trends shaping the sector.