As Bollywood’s homebase and de facto financial capital of India, Mumbai is already on the map. Now, a burgeoning IT sector is giving India’s most populous city another accolade to add to the list.
Thanks to its proximity to a bustling business center — complete with office parks full of major multinational corporations — a deep talent pool and convenient global connectivity, new branches of well-established IT companies are moving into town.
Even more support has emerged from the public sector. New state-level initiatives aim to convert a developing economic zone, known as Navi Mumbai Integrated Industrial Township, into a destination IT and data hub.
IT Companies in Mumbai to Know
- Tata Consultancy Services
- Tech Mahindra
- Infosys
- Accenture
- IBM
- Capgemini
The following Mumbai-based companies are at the forefront of this effort, making tech-enabled digital transformation possible from Maharashtra’s metropolis.
Top IT Companies in Mumbai
Accenture is a global professional services company that specializes in digital, cloud and security services. Of all the IT companies on this list, Accenture is the largest in company size, with 733,000 global employees serving more than 9,000 in 120 countries. It offers cloud, data and AI integrations in addition to application development, business strategy, automation, infrastructure and cybersecurity services. In 2023, Fortune recognized Accenture as the most-admired IT company in the world, and Great Place to Work called it a world’s best workplace.
MediSage is a healthtech startup that has created an online platform designed to facilitate peer-to-peer collaboration among medical professionals. Through short videos, live talks, forums, real-world case discussions and evidence-based journals, MediSage’s app aims to improve patient outcomes by connecting doctors to a pool of nearly one million healthcare workers, sharing curated content across more than one hundred specialties. The knowledge-sharing platform’s biggest impact, as MediSage co-founder Abhishek Ghosh has it, is that it’s become a portal that can provide assistance and second opinions to rural facilities handling critical cases with limited information.
Software company CSC provides business, tax, digital brand and legal services to 90 percent of Fortune 500 companies and more than 10,000 law firms. The company employs more than 8,000 people with offices in four cities across India. Its Mumbai office is located in Hiranandani Gardens.
NTT Data is an IT services provider that modernizes business processes and systems via consulting and tech-enabled industry solutions. Operating out of 56 countries, the company’s 151,600-person workforce serves a client base of over 82 companies, offering cloud, data, cybersecurity and application solutions. NTT Data’s products and services can be found in the automotive, healthcare, banking and insurance sectors.
Infosys is the third-largest IT services and consulting company in India that modernizes software systems across a number of industries. With a company size of about 300,000 employees in 50 countries, Infosys delivers agile enterprise DevOps, data-driven and AI-enhanced analytics, digital marketing, cybersecurity and digital marketing as well as integrations for SAP, Oracle, Salesforce and Microsoft Cloud. For the third consecutive year, Infosys has been named a global top employer for its people practices and reskilling efforts.
Jio is a telecommunications company that provides wireless internet connectivity to more than 459 million subscribers. The “digital lifeline of India” is the country’s largest operator, with its 4G LTE networks covering more than 99 percent of the population. It offers pre- and post-paid mobile plans with unlimited voice calls and SMS messaging as well as various wifi and fiber plans, devices and applications. Jio has deployed 5G networks at 700 megahertz speeds to 7,764 cities, and has already begun efforts to develop next generation 6G technology.
Wipro Limited offers consulting and IT services as well as networking, security and other business software. The company uses hyper-automation, robotics, cloud technology and cognitive computing to assist its clients in adapting to the digital world. Wipro was founded in India in 1945 and has locations in both Mumbai and Bangalore.
Fintech company Adyen provides businesses with payment software that helps streamline their financial processes with data-driven insights. Customers like Uber, Meta and Spotify use Adyen to integrate payments into their existing platforms and conduct risk assessments to protect against fraud. Adyen’s Mumbai office is near Mahim Bay.
IBM is an IT company that provides infrastructure, software and consulting services for clients undergoing digital transformation. Founded in 1911, IBM is one of the world’s oldest and largest tech companies, now employing more than 345,000 employees and raking in $60.5 billion in annual revenue. It’s best known for manufacturing computers, servers, storage systems and networking equipment, but also delivers cloud computing, data analytics, DevOps and AI solutions. And while some of the earlier machines IBM produced were punch card tabulators and floppy discs, it’s since moved onto quantum computing and digitized, AI-employees.
Family-owned automation company Festo develops pneumatic and electrical automation technology, including parts for robotic machines like actuators, gearboxes and motors. Festo’s customers operate in over 35 industries across 176 countries. More than 20,000 people work for the company, which has offices in 61 locations worldwide.
Tata Consultancy Services is India’s largest IT company. With over 615,000 employees across 55 countries, the firm’s services span consulting, cloud computing, cognitive business operations, cybersecurity and data analytics. Founded in 1968, the company — now valued at $158 billion in market cap — started out servicing national banks and has since expanded across the e-governance, financial services, telecommunications, education and healthcare sectors.
Cogoport is a digital freight logistics startup with a global trade platform that connects importers and exporters to streamline supply chain management. Founded in 2016, the transportation company has helped over 30,000 small-and-midsize enterprises move more than 478,000 containers across 192 countries. Its freight marketplace enables access to transparent price discovery, verified trade partners, tracking and visibility tools for real-time shipping updates and financing solutions. Currently, Cogoport employs about 1,000 workers, and is looking to double its workforce in 2024.
Capgemini is an IT services and consulting agency that partners with businesses to technologize digital workflows and operations. Headquartered in Paris, France, the €29.9 million company caters to 85 percent of the 200 largest public businesses on the Forbes Global 2000 list. Powered by 350,000 employees in more than 50 countries, Capgemini offers cloud migration, data, analytics, artificial intelligence, cybersecurity and enterprise management solutions to a variety of industries, including aerospace, defense, healthcare, hospitality and the public sector. For eleven consecutive years, Capgemini has been named one of the world’s most ethical companies.
IDfy is an IT company developing AI-enabled solutions that help companies identify people, verify credentials and assess the risk of fraud. Its verification and onboarding platform, which can be integrated into video and app-based digital workflows, is built with machine-learning-enhanced APIs that can extract data from proof of identity documents — like an Aadhaar card, license or passport — while running background checks or KYC credentials. Clients use these services to verify customers, partners and users, or when onboarding merchants and conducting a risk assessment of lending decisions. Every month, IDfy processes about 25 million identities for more than 600 clients.
Fintech company Enfusion provides investment management software to more than 600 investment managers. Its offerings include software, analytics, real-time data intelligence and back-office managed services. Headquartered in the United States, Enfusion maintains offices in both Mumbai and Bangalore.
Vodafone Idea is India’s third largest telecommunications provider. In addition to providing 223 million Indians with high-speed broadband and wireless mobile services and across 2G, 3G, 4G and 5G networks, the company also offers voice and SMS chats, pre- and post-paid packages with unlimited minutes and data, optional subscription and membership bundles as well as its own international roaming coverage. Vodafone Idea’s migration to a universal cloud infrastructure designed to run network, IT and third-party applications from more than 100 distributed data centers in order to run applications closer to end-users resulted in reduced latency, cost and the title of Red Hat’s Innovator of the Year in 2020.
Oracle offers cloud technology that helps companies easily move their data between on-site locations and the cloud. Oracle’s subsidiary, Oracle Financial Services Software, which aids banks with their compliance, risk assessment, cloud infrastructure and payment processing needs, is headquartered in Mumbai. The company employs more than 8,500 people and has 10 offices across India.
Tech Mahindra is an IT and consulting firm that integrates next-generation tech into a brand’s digital transformation. This $6.5 billion company helps more than 1,250 global clients integrate things like 5G, blockchain, cybersecurity and AI applications into their systems. Beyond consulting, Tech Mahindra offers SAP and Oracle updates, business process outsourcing, engineering solutions as well as digital supply chain, infrastructure management, network and testing services. Currently, the company is made up of 148,000 professionals across 90 countries, and recognized as one of the fastest growing brands in the global IT sector.
ABB supplies robotics and automation systems for clients across industries from automotive to logistics. Focused on sustainability, ABB operates 177 manufacturing sites across the world and has achieved an overall 76 percent reduction in greenhouse gas emissions since 2019. The company is headquartered in Bangalore.
US-based Dynatrace is known for its AIOps platform, an analytics and automation tool powered by causal AI. The platform provides infrastructure observability, application observability and business analytics. Founded in 2005, Dynatrace has three locations in India: Mumbai, Bangalore and New Delhi.
ServiceNow offers AI technology that businesses use to efficiently engage employees and customers. For example, ServiceNow’s suite of safe workplace solutions allows organizations to deploy data-driven contact tracing protocols and conduct health screenings that ensure employees are ready to be in an onsite work environment.
