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Top Indian IT Services Organizations

Nine large Indian IT services companies ranked by FY26 revenue, with headcount and what the numbers mean.

23 topics•4 categories•Updated November 2026

How This Ranking Works

4 entries

This page ranks nine large Indian IT services companies by revenue for fiscal year 2026 (FY26), the year ended 31 March 2026, in Indian rupees as reported in each company's results. The ranking covers listed companies that report on a March year-end and is not exhaustive: Hexaware reports on a calendar year and is listed separately, and many smaller firms appear on the Indian IT Services Companies page on this site. Revenue is for the whole company and may include products and other income streams, headcount is as of 31 March 2026 where a figure could be confirmed, and figures come from company results releases and press coverage of them in April 2026, so check each company's filings before relying on any number. Rankings are not endorsements, and descriptions are paraphrased.

01Indian IT Services CompaniesThe wider directory of 30 Indian IT services and software companies, on this site. 02Global IT Services and ConsultingGlobal IT services firms, on this site. 03NasscomIndia's technology industry association, with industry data and reports. 04Global Capability Centers in IndiaCaptive centers of global firms in India, on this site.

Top Nine by FY26 Revenue

9 entries

Ranked by revenue for the year ended 31 March 2026, as reported in rupees. Each card links to the company's own website.

051. Tata Consultancy Services (TCS)FY26 revenue about ₹267,021 crore (about US$30.0 billion). Headcount 584,519 at 31 March 2026, after a full-year fall of 23,460. Annualised AI revenue passed US$2.3 billion in Q4, according to coverage of its results. The company site returned 403 to automated link checks. 062. InfosysFY26 revenue about ₹178,650 crore, which crossed US$20 billion, with 3.1% constant-currency growth. Headcount 328,594 at 31 March 2026, down 8,440 in the quarter. Guidance for FY27 is 1.5% to 3.5% constant-currency growth. The company site returned 403 to automated link checks. 073. HCLTechFY26 revenue ₹130,144 crore, up 11.2%. Headcount 227,181 at 31 March 2026. FY26 deal wins were US$9.32 billion, and guidance for FY27 is 1% to 4% constant-currency growth. 084. WiproFY26 revenue from operations about ₹92,624 crore, up about 4%. IT services revenue was US$2.65 billion in Q4. Headcount 242,156 at 31 March 2026. Full-year total contract value was US$16.45 billion. 095. Tech MahindraFY26 revenue ₹56,815 crore (US$6,385 million), up 7.2% in rupees. Headcount 147,623 at 31 March 2026. Total contract value of US$3,794 million was the highest in five years, according to coverage of its results. 106. LTM (formerly LTIMindtree)FY26 revenue about ₹42,308 crore and US$4.76 billion, up 6.0% in dollars. A March 2026 headcount figure could not be confirmed. Sources differ on some quarterly figures, so check its filing. 117. CoforgeFY26 revenue about ₹16,400 crore (about US$1.87 billion), up 35.9% in rupees. Headcount 35,777 at 31 March 2026. Sources differ on its margin figures, so check its filing. 128. MphasisFY26 revenue ₹15,879.65 crore, up 11.6% in rupees and 6.7% in constant currency, about US$1.79 billion. New deal wins were US$2.1 billion. Sources disagree on its headcount, so none is shown. 139. Persistent SystemsFY26 revenue US$1,654.4 million (₹14,748 crore), up 17.4% in dollars, with a 15.6% EBIT margin. Its release says it has over 27,500 employees but gives no date for that figure.

Reports on a Different Calendar

2 entries

Companies that are large but not directly comparable in the table above.

14HexawareReports on a calendar year. Q3 CY26 revenue was US$411.9 million, up 4.3% year on year, with closing headcount of 35,887 at 30 September 2026, according to its release. 15More Indian IT services companiesThirty companies in four groups, including Zensar, Birlasoft, Cyient, KPIT and L&T Technology Services, on this site.

Related Pages

8 entries

Neighbouring directories on this site.

16Indian IT Services CompaniesDirectory of 30 Indian IT services and software companies. 17Indian Product and SaaS CompaniesIndian software product and SaaS companies. 18IT Training ProvidersIT training service providers. 19IT Job SitesJob boards for IT roles. 20IndiaIndia hub on this site. 21Top Indian IT Product CompaniesIndian product and SaaS companies with public revenue figures. 22Top Indian IT Product Engineering OrganizationsEngineering firms ranked by FY26 revenue, such as Persistent, LTTS, Cyient and KPIT. 23Top Indian IT Consulting CompaniesConsulting arms of Indian IT majors and consulting-led analytics and AI firms.

Frequently Asked Questions

Which are the largest Indian IT services companies?

By FY26 revenue (year ended 31 March 2026), the ranking on this page is TCS, Infosys, HCLTech, Wipro, Tech Mahindra, LTM, Coforge, Mphasis and Persistent Systems. The ranking covers large listed companies that report on a March year-end and is not exhaustive.

How is the ranking calculated?

It uses each company's full-year revenue for FY26 in Indian rupees, as reported in its results and in press coverage of them. Revenue can include products and other income, and companies report slightly different definitions, so differences between close neighbours such as Coforge and Mphasis are small.

Why is Hexaware not in the ranking?

Hexaware reports on a calendar year, so its figures do not cover the same period as the March year-end companies. This page lists its latest quarterly figures separately.

Why are some headcount figures missing?

Where reports disagreed or a March 2026 figure could not be confirmed, as for LTM and Mphasis, none is shown. Persistent's release gives only an undated "over 27,500" employees.

What do FY26 and constant currency mean?

FY26 is the Indian fiscal year from 1 April 2025 to 31 March 2026. Constant-currency growth removes the effect of exchange-rate changes, so it can differ from growth in rupees or dollars.

Where can I see more Indian IT companies?

The Indian IT Services Companies page on this site lists 30 companies in four groups, and the Indian Product and SaaS Companies page covers software product firms. The Nasscom site has industry data.

How current is this page?

Figures were taken from results released in April 2026 for the year ended 31 March 2026, and Hexaware from its release of 28 October 2026. Links to company websites were checked on 2 November 2026; the TCS and Infosys websites returned 403 to automated checks, which looks like bot blocking. Verify numbers in the company filings, and note that rankings are not endorsements.