Top 14 Service-Based Companies in India| 2024

Service-based companies in India have experienced remarkable growth and transformation in recent years, becoming key players in the country's thriving economy. As of 2024, India's service sector continues to expand, offering a wide range of domestic and international services.

In this article, we will explore India's top 14 service-based companies that have been driving innovation, employment, and economic development across various sectors, reaffirming India's position as a global hub for service-oriented businesses.

Service-Based Companies in India

Here is a list of the top 14 service-based companies in India:

Tata Consultancy Services

Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) services and consulting company that has been partnering with many of the world's largest businesses for over 55 years, providing IT infrastructure services, software development and engineering, and industrial services, business intelligence, business process outsourcing, and consulting services, cloud services, quality engineering, blockchain, enterprise solutions, and IoT. TCS is headquartered in Mumbai, India, and operates in 150 locations across 46 countries, with over 600,000 employees worldwide. 

Accenture

Accenture is a leading global professional services company that provides a wide range of services and solutions in strategy, consulting, digital, technology, and operations, operating in various industries and sectors such as financial services, healthcare, government, communications, energy, resources, and more, with over 738,000 employees in more than 200 cities across 49 countries, and clients including 91 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500, making it the largest consulting firm in the world by number of employees. 

Infosys

Infosys is an Indian multinational information technology company that provides business consulting, information technology, and outsourcing services, founded in 1981 by N.R. Narayana Murthy in Pune, India, and headquartered in Bangalore, India, with over 336,000 employees worldwide and a revenue of US$19 billion in 2023. Infosys is the second-largest Indian IT company, after Tata Consultancy Services, and has been a consistent performer in the sector, pioneering the Global Delivery Model and becoming the first IT Company from India to be listed on NASDAQ.

IBM

IBM, or International Business Machines, is a multinational technology company that specializes in producing and selling computer hardware, middleware, and software. It was founded in 1911 as the Computing-Tabulating-Recording Company (CTR), a holding company of record-keeping and measuring systems manufacturers. In 1924, the company changed its name to "International Business Machines." IBM is headquartered in Armonk, New York, and operates in over 170 countries.

IBM is one of the world's largest IT companies, with over 288,000 employees worldwide and a revenue of US$60.53 billion in 2022. IBM is known for its hardware and software development, including computers, servers, storage systems, and networking equipment. It also provides consulting, technology, and business services like cloud computing, data analytics, and artificial intelligence (AI). IBM's research and development efforts have contributed to numerous technological innovations, including the development of the first programmable computer, the first hard drive, and the first computer virus.

Deloitte

Deloitte is a global professional services firm with a range of services that provides audit, consulting, financial services, risk advisory, tax, and related services to clients in various industries and sectors. The company was founded in 1845 by William Welch Deloitte in London and has since grown to become one of the largest professional services firms in the world, with over 330,000 employees in more than 150 countries and territories. Deloitte's purpose is to make an impact that matters by creating trust and confidence in a more equitable society, and the company has established focus areas of sustainability, equity, and trust to achieve this purpose.

Wipro Limited

Wipro Limited is one of the leading service-based companies in India that provides a wide range of services to customers in 167 countries, including Technology services like information technology, consultant and business process services, cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services. Wipro's range of services is designed to help customers build innovative solutions for addressing the most complex digital transformation needs.

The company is committed to providing service to customers with a focus on sustainability, equity, and trust and has established values and habits that reflect this commitment, including being passionate about clients' success, treating each person with respect, being global and responsible, and demonstrating unyielding integrity in everything they do. Wipro has a global presence, with over 240,000 employees and diverse locations in India and other countries, including the Americas, Canada, Mexico, Japan, and more.

Capgemini

Capgemini is a global service-based company that provides cutting-edge technologies, digital solutions, and strategic solutions to customers in various industries and sectors. The company offers a wide range of services, including technology consulting, digital solutions, and agile services, and focuses on three playing fields dedicated to the digitalization of key management areas at the core of businesses: Customer First, Intelligent Industry, and Enterprise Management. Capgemini is committed to providing service to customers with a focus on sustainability, equity, and trust and has established values and habits that reflect this commitment. The company has a global presence, with operations in over 150 countries, and has been recognized as one of the world's top IT consulting and services companies.

HCL Technologies

HCL Technologies is a multinational IT services and consulting company that offers a wide range of software development services, software solutions, and cloud infrastructure to clients in various industries around the world. The company is committed to providing service to customers with a focus on sustainability, equity, and trust and has established values and habits that reflect this commitment.

HCL Infosystems has a global presence, with operations in over 30 countries, and has been recognized as one of the world's top IT consulting and services companies. The company's services range from product development, planning, sourcing, manufacturing, warehousing, and logistics and services, and all functions—internally and externally—must work. HCLTech's CloudSMART strategy offers a complete, high-value cloud consulting and delivery platform for clients to respond to specific needs and maximize their cloud investments.

Larsen and Toubro Infotech

Larsen and Toubro Infotech is a service-based company that provides strategic solutions, software development services, software solutions, and cloud infrastructure to clients in various industries around the world. LTI is a subsidiary of Larsen & Toubro and was incorporated in 1996. The company offers an extensive range of IT services like Agile, Internet of Things, Big Data Analytics, Business Process Automation, BlockChain, Artificial Intelligence, Robotic Process Automation, and more. The company has a strong presence in the service-based sector and is one of the top tech companies in India.

LTI has an integrated portfolio of services, including strategy skills, skill sets, and business solutions. The company is known for its quick delivery of services and has a focus on customer service. LTI has been recognized for its excellence in leadership, technological innovation, customer service, and strategic products. The company has received several awards and recognition for its initiatives in skill development, blended learning programs, and diversity, equity, and inclusion.

LTI has a global presence, with operations in over 30 countries, including Australia, Denmark, Finland, France, Qatar, Singapore, Sweden, the United Arab Emirates, the United Kingdom, and the United States. The company has over 82,000 employees and is one of the top Big Tech (India) companies. LTI is committed to providing service to customers with a focus on sustainability, equity, and trust and has established values and habits that reflect this commitment.

KPIT Technologies

KPIT Technologies is a service-based company that operates in the automotive industry. The company provides strategic cloud-based solutions to clients worldwide. KPIT Technologies has a strong online presence and offers digital transformation and technology consulting services to customers across various industries. The company has a market capitalization of over $2 billion and is one of the leading tech companies in India.

KPIT Technologies has an integrated portfolio of services, including software development services, solutions, and cloud infrastructure. The company is committed to providing quick service delivery and focuses on customer service. KPIT Technologies is known for its expertise in the automotive sector and has a team of over 11,000 automobelievers across the globe specializing in embedded software, AI, and digital solutions. The company has received several awards and recognition for its initiatives in skill development, blended learning programs, and diversity, equity, and inclusion.

Mindtree Ltd

Mindtree Ltd was an Indian multinational corporation that provided business consulting, digital services, and assurance services to clients worldwide. The company offered employment opportunities in the service-based industry and was known for its integrated portfolio of services. Mindtree had a strong online presence and was recognized as one of the leading service-based companies in India. The company had a market capitalization of over $1 billion and was headquartered in Bangalore. Mindtree was acquired by Larsen & Toubro Infotech (LTI) in 2019, and the two companies merged to form LTIMindtree. The new company continued to offer opportunities in service-based businesses and strategic cloud-based solutions to clients in various industries.

Tech Mahindra Limited

Tech Mahindra Limited is a multinational corporation that provides digital transformation, consulting, and business re-engineering services and solutions to clients worldwide. Tech Mahindra has a strong online presence and is known for its innovative and customer-centric digital experiences, enabling enterprises, associates, and society to rise for a more equal world, future readiness, and value creation.

Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federations of companies with 260,000 employees. The company is a USD 6.5+ billion organization with 148K+ professionals across 90 countries, helping 1250+ global customers, including Fortune 500 companies. Tech Mahindra is focused on leveraging next-generation technologies, including 5G, Metaverse, Blockchain, Quantum Computing, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers.

Tech Mahindra is the only Indian company in the world to receive the HRH The Prince of Wales’ Terra Carta Seal for its commitment to creating a sustainable future. Tech Mahindra is the fastest-growing brand globally in ‘brand value rank’ and among the top 7 IT brands globally. Tech Mahindra has partnered with IFS, the global cloud enterprise software company, to foster enterprises' operational excellence and workforce productivity. The company is India's exclusive distributor of IFS technology, including the IFS Cloud platform, which delivers intelligence and automation across Field Service Management, Enterprise Resource Planning (ERP), and Enterprise Asset Management (EAM).

Genpact

Genpact is a multinational company that provides digital transformation, consulting, and business re-engineering services and solutions to clients worldwide. The company has a strong online presence and is known for its integrated portfolio of services. Genpact has a market capitalization of over $40 billion and is headquartered in North America.

The company is not a product-based company and does not deal with physical products. Instead, it provides services to clients in various industries, including finance and accounting, artificial intelligence, cloud, customer care, data and analytics, experience, finance and accounting, risk and compliance, and more. Genpact partners with companies that complement its industry and functional expertise with best-in-class technology to help its clients meet their goals. The company has over 800 global clients and serves more than 30 industries.

Mphasis Limited

Mphasis Limited is an Indian multinational corporation that provides digital transformation, consulting, and business re-engineering services and solutions to clients worldwide. The company's purpose is to be the “Driver in the Driverless Car” for Global Enterprises by applying next-generation design, architecture, and engineering services to deliver scalable and sustainable software and technology solutions. Mphasis has a strong online presence and is known for its integrated portfolio of services. The company's Front2BackTM Transformation approach uses the exponential power of cloud and cognition to provide hyper-personalized digital experiences to clients and their end customers.

Mphasis’ Service Transformation approach helps ‘shrink the core’ through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis has a market capitalization of over $1 billion and is headquartered in Bangalore, India. The company is committed to providing quick service delivery and focuses on customer service. Mphasis has received several awards and recognition for its initiatives in skill development, blended learning programs, and diversity, equity, and inclusion. Mphasis is a leading applied technology services company that innovates to deliver service excellence and successful outcomes across sales, delivery, and more.

Conclusion

The top 15 service-based companies in India offer a wide range of services, including digital transformation, consulting, and business re-engineering services and solutions. These companies have a strong online presence and are known for their integrated portfolio of services. They have a market capitalization of over $1 billion and are headquartered in India. The companies are committed to providing quick service delivery and focus on customer service. They have received several awards and recognition for their initiatives in skill development, blended learning programs, and diversity, equity, and inclusion. These service-based companies in India are leading the way in providing innovative solutions to clients worldwide and are poised for continued growth in the years to come.

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