July 11, 2022

Top IT Service Based Companies in India

A service-based company performs activities for clients according to their specific requirements. These businesses may or may not offer products, but the principal part of the business is service. They work for other organizations and service product-based businesses.

During the placement season, many students wish to get placed in the best service based companies in India at the beginning of their careers.

So, to identify them, we have created a list of top service-based companies in India. Scroll down and uncover the giants of the service-based industry now.

Top IT Service Based Companies in India

The following are the top IT service based companies in India:

1. Tata Consultancy Services (TCS)

Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) services and consulting company. TCS is a part of the Tata Group, which is a diversified business conglomerate with interests in sectors such as steel, automotive, and telecommunications.

It is one of the largest IT services companies in the world and operates in over 46 countries.

2. Accenture

Accenture is a multinational professional services company that provides a range of services in strategy, consulting, technology, and operations. The company was founded in 1989 and is headquartered in Dublin, Ireland, with offices in more than 200 cities in 51 countries.

As of 2021, Accenture has over 624,000 employees worldwide and a revenue of US$50.5 billion.

3. Deloitte

Deloitte is one of the world’s largest consulting and professional services firms, providing audit, tax, consulting, and advisory services to clients across various industries. The company’s services include financial consulting, risk management, human capital, technology, and strategy.

The company was founded in London in 1845 and has since expanded to over 150 countries with a workforce of over 330,000 professionals.

4. Wipro

Wipro Limited is a leading global information technology, consulting, and business process services company. Founded in 1945, the company is headquartered in Bangalore, India, and operates in over 50 countries with more than 190,000 employees worldwide.

Wipro provides a range of services to clients across various industries, including banking and financial services, healthcare, consumer goods, energy, and utilities.

5. HCL Technologies

HCL Technologies is a multinational technology company headquartered in Noida, India. It was founded in 1976 by Shiv Nadar, and provides a range of services, including application development and maintenance, infrastructure management, engineering and R&D services, digital and analytics solutions, and business process outsourcing (BPO) services.

It has grown to become one of India’s largest IT services companies, with operations in over 50 countries.

6. Infosys

Infosys is a renowned corporation in the fields of information technology, consulting, technology, and engineering technology.

Infosys Ltd. operates in over 30 countries, has over 75 locations, and 94 research and innovation facilities, with the majority of its income coming from Europe and North America.

7. Larsen and Toubro Infotech

Larsen & Toubro Infotech Limited is a multinational information technology solutions and consulting group based in India. The company is ranked among the top five construction corporations in the world. It was founded in India by 2 Danish engineers seeking refuge.

The L&T Group consists of 118 subsidiaries, 6 associates, 25 joint ventures, and 35 joint operations enterprises.

8. Capgemini

Capgemini is a global consulting and technology services company headquartered in Paris, France. With over 270,000 employees in more than 50 countries, Capgemini provides a wide range of services including consulting, technology, and outsourcing.

The company’s expertise spans across various industries such as automotive, banking, energy, healthcare, retail, and telecommunications. In 2020, Capgemini reported revenues of €16.4 billion.

9. KPIT Technologies

KPIT Technologies Limited (previously KPIT Cummins Infosystems Ltd) is a multinational business based in India. KPIT was created in 1990 by two chartered accountants, who took the company public in 2019.

Birlasoft, an IT business, and KPIT confirmed in January 2018 that they will merge and instantly separate into two new companies.

10. Mindtree

Mindtree Limited is a multinational information technology and outsourcing company headquartered in Bangalore, India. Mindtree provides services such as application development and maintenance, infrastructure management, data analytics, digital transformation, and cloud services to clients in industries including banking, finance, insurance, healthcare, manufacturing, retail, and travel.

The company was founded in 1999 and currently employs over 23,000 people across 18 countries.

Larsen & Toubro Infotech Limited holds a majority stake in the company.

11. Tech Mahindra

Tech Mahindra is an Indian multinational IT consulting and service based company that is an arm of the Mahindra Group. Established by Anand Mahindra, Tech Mahindra is present across 90, with 1290 global clients including Fortune 500 companies.

Tech Mahindra has now become a 6 billion USD company that provides services in modern IT domains. It has also been featured on Fortune 500 list at the #47 position. Given its huge employee base and widespread presence, it is one of the best service based IT companies in India.

12. Genpact

Genpact is an American multinational professional services firm that was incorporated in 1997 under General Electrics. They established themselves as an independent firm in 2005. Today they have a presence in more than 30 international countries with a revenue of 4 billion USD.

Genpact operates its services in data, IT, operations, and digital sectors along with services in global supply chains.

13. Mphasis Limited

Mphasis is an Indian multinational consulting, business outsourcing, and technology services company based out of Bangalore. Mphasis has an active presence in 19 countries with over 60 offices.

It has hit a whopping revenue of 1.2 billion USD in the financial year 2021.

14. Hexaware Technologies Ltd

Hexaware Technologies is an Indian IT service and consulting MNC based out of Navi Mumbai. Established in 1990 by Atul Nishar, the company offers its IT services in key domains like cloud computing, cyber security, business processing managing, testing, and automation services among others.

Today, Hexaware has its footprints in 19 countries with 54 offices where it services industries like banking, education, insurance, hi-tech platform and IT sectors, manufacturing, and many others.

15. NTT DATA

NTT Data is a multinational IT services and consulting company based out of Tokyo, Japan. It functions in providing IT business solutions like cybersecurity, digital operations SAP solutions, and data intelligence services.

NTT Data actively operates its services in almost 40 countries across the globe with 5000+ clients on its list. Its parent company ranked 83 in the Global Fortune 500 list in 2022.

Frequently Asked Questions

1. What is a service-based company?

A service-based company is a business that primarily provides services to its clients rather than producing or selling physical products.

2. What do service-based companies do?

Service-based companies focus on offering specialized skills, knowledge, expertise, and other intangible assets to solve their clients’ problems, fulfill their needs, and enhance their businesses.

3. Are service-based companies good?

Yes, service-based companies provide good opportunities and competition as most service-based companies. Many service-based companies are known for providing high-quality services to their clients, with a focus on meeting their needs and solving their problems.

4. How do I get into service-based companies?

There are many service-based companies in India that are mass recruiters and come to campus placements regularly. You can easily get into a service-based company through college placements.

Other than that, you can easily get into one of the best service-based companies through job portals, LinkedIn connections, or doing a professional course.

You just have to complete your bachelor’s degree in IT or a relevant field, you can build your resume, take up a course to upskill yourself further and take up relevant internships to build your profile. This would help you get into a service-based company.

5. Which is the largest IT service-based company in India?

Tata Consultancy Services or TCS is regarded as the largest IT service-based company in India by job portals and employment reports.

6. What’s the difference between a product and a service-based company?

The key difference between a product-based company and a service-based company is the type of its offering.

A product-based company builds its own product or software for sale in the market.

A service-based company offers intangible services in terms of consultancy, management, operations, skills, amenities, etc. to its customers in exchange for money.

Final Words

If you’re a fresher in the IT field, starting your career with any of the best service-based companies in India can prove very beneficial for your future. These companies offer a large number of openings and you can easily learn the trick of the trade by working at these MNC IT companies. They offer good exposure and the initial experience that you need to succeed.

So, if you have any suggestions or queries, feel free to comment below.