Top 20 Service-Based Companies in India To Work and Invest in 2025
By Sriram
Updated on May 30, 2025 | 18 min read | 10.27K+ views
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By Sriram
Updated on May 30, 2025 | 18 min read | 10.27K+ views
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Did You Know? As of January 2025, India’s service sector contributes over 50% to the country’s Gross Value Added (GVA), amounting to approximately US$1.4 trillion, and this share is projected to rise to 56% by 2047. |
When young aspirants step out and try to look for opportunities in the job market, they are likely to be overwhelmed by the plethora of options available. There is massive scope for educated youngsters to seek new opportunities in service-based businesses such as Accenture and Deloitte.
Service-based companies are those that do not provide tangible goods but offer services to customers. These services may be of a wide variety, such as IT, design, accounting, consulting, marketing, software development, and many more.
In this blog, we will list the top 20 best service-based companies in India that are ideal for working and safe to invest in. Read along to explore our curated list of the best service-based companies in India that could be your future workplace!
Service-based companies are much smaller and concentrated in nature and have several wings working in coherence with one another to provide specialized services.
The tech-driven world has opened up the scope for many new positions in the IT sector. Service-based companies cater to the client’s requirements by providing suitable solutions. The services are offered through amenities, skills, and expertise. These not only provide a healthy environment to work in and are safe for stakeholders to invest in.
India is home to many service-based companies, and it wouldn’t be difficult to list the top 50 service-based companies in India. However, this article discusses 20 service-based companies in India that top the list. Read on to find out.
Step Up Your Career in the Service-Based Job Industry! Discover these globally recognized programs crafted for professionals ready to lead and drive innovation within service-oriented businesses.
Service-based companies in India play a crucial role in sectors like IT, consulting, finance, and customer support. Careers in these firms often demand skills such as strong communication, problem-solving, technical expertise (especially in software and data), and adaptability to dynamic client needs.
Understanding the top players in this industry can help professionals identify where their skills align and plan their career paths effectively. Below is a list of the top 20 service-based companies in India that are known for their strong market presence and diverse opportunities.
Company Name |
Description |
Average Annual Salary |
Accenture | Global consulting and technology services provider, with 11 offices in India and a strong presence worldwide. | INR 19.9 L |
Capgemini | Popular among freshers from top institutes, offering rapid career growth through college placements. | INR 18 L |
Cognizant | Award-winning IT service company known for employing top talent and delivering quality service. | INR 17 L |
Deloitte | Leading Big 4 firm offering finance, audit, risk advisory, and tax services across 10 Indian cities. | INR 18.3 L |
HCL Technologies | Top IT and consulting company with offices in major Indian cities like Mumbai, Bangalore, and Hyderabad. | INR 16 L |
Infosys | First Indian IT firm listed on NASDAQ, focusing on AI, ML, and business agility with 39 offices nationwide. | INR 15 L |
Larsen & Toubro Infotech | Mumbai-based technology consulting and digital solutions provider with a revenue of INR 198.92 Billion (2025). | INR 13 L |
Mindtree | Digital transformation and technology service provider involved in end-to-end project execution. | INR 18 L |
Tata Consultancy Services (TCS) | Global leader in cloud, AI, automation, and industrial services, recognized as a “Global Top Employer.” | INR 17 L |
Tech Mahindra | Leading IT services firm ranked high on sustainability indexes, with offices across major Indian cities. | INR 15.5 L |
Wipro | Recognized for governance and digital transformation services including cloud, AI, and data analytics. | INR 19 L |
Birlasoft | Specializes in IT services for financial services, banking, media, and healthcare, headquartered in Pune. | INR 11 L |
DXC Technology | IT service provider focused on technological innovation to streamline business processes. | INR 16 L |
Genpact | Global digital and business services company offering AI, automation, finance, and supply chain services. | INR 12 L |
Hexaware Technologies | Navi Mumbai-based company specializing in digital transformation, cloud services, and automation worldwide. | INR 15.3 L |
Mphasis | Bangalore-based multinational offering outsourcing, architectural guidance, and infrastructure tech services. | INR 17 L |
NIIT Technologies | IT solutions firm working in application development, cloud computing, and tech consulting across industries. | INR 18 L |
Persistent Systems | IT services company focused on digital challenges, data analytics, cloud computing, and software engineering. | INR 18 L |
Syntel | Provides advanced technology services aimed at optimizing client benefits. | INR 15 L |
Zensar Technologies | Combines skills and innovation to help clients adapt to change with the latest technologies. | INR 16 L |
(Source: Glassdoor, AmbitionBox)
Note: Salaries can vary significantly based on role, experience, and location, as seen in the salary ranges for specific roles.
Let us now have a look at 20 top service-based company examples in India that are revolutionizing the market in detail:
Accenture is a global professional services company offering consulting, strategy, technology, and security operations. Known for innovation and technology-driven solutions, it serves businesses worldwide across industries. In India, Accenture operates from eleven offices and is recognized for a strong hybrid working environment and growth opportunities.
Established & Headquarter: 1989, Dublin, Ireland
Services Offered:
Customer Base: Aerospace, Automotive, Banking, Capital Markets, Chemicals, Communications, Consumer Goods
Global Presence: 120+ countries
Working Modes: Hybrid
Number of Employees: 6,00,000+
Also Read: How to Get a Job in the Banking Sector in India: A Complete Guide to Success
Capgemini is a leading global IT services and consulting company, well-known for hiring fresh BTech graduates through college placement drives. The company offers a fast career growth path for freshers and professionals alike, making it a preferred choice for young talent in India.
Established & Headquarter: 1967, Paris, France
Services Offered:
Customer Base: Financial Services, Manufacturing, Retail, Public Sector
Global Presence: 50+ countries
Working Modes: Hybrid and On-site
Number of Employees: 3,50,000+
Also Read: 20+ Top Career Options After Engineering: Trending in 2025
Cognizant is a multinational IT services company awarded the ISG Star of Excellence for its service sector contributions. It offers diverse career opportunities by employing top talent and focusing on digital and consulting services. The company is also a notable choice for investors considering tech stocks.
Established & Headquarter: 1994, Teaneck, USA
Services Offered:
Customer Base: Healthcare, Financial Services, Retail, Technology
Global Presence: 40+ countries
Working Modes: Hybrid
Number of Employees: 3,00,000+
Deloitte is one of the Big 4 accounting and consulting firms, offering finance, audit, risk advisory, and tax services. With a strong presence in India, it provides excellent career prospects for finance professionals and those interested in advisory roles.
Established & Headquarter: 1845, London, UK
Services Offered:
Customer Base: Financial Services, Energy, Healthcare, Consumer Products
Global Presence: 150+ countries
Working Modes: Hybrid and On-site
Number of Employees: 3,50,000+
HCL Technologies is a prominent IT and consulting company with offices across major Indian cities such as Mumbai, Bangalore, Hyderabad, and Pune. It offers IT services, infrastructure management, and digital solutions, attracting both professionals and investors alike.
Established & Headquarter: 1976, Noida, India
Services Offered:
Customer Base: Manufacturing, Financial Services, Healthcare, Public Sector
Global Presence: 50+ countries
Working Modes: Hybrid
Number of Employees: 2,00,000+
Infosys is a pioneering Indian IT and consulting firm, known as the first Indian company listed on NASDAQ. Headquartered in Bangalore, it has 39 offices across India and focuses on enhancing productivity using AI and machine learning technologies. Upskilling in AI/ML from institutions like IIIT Bangalore can increase your chances of securing a role here.
Established & Headquarter: 1981, Bangalore, India
Services Offered:
Customer Base: Banking, Manufacturing, Retail, Energy
Global Presence: 50+ countries
Working Modes: Hybrid
Number of Employees: 2,50,000+
Also Read: Introduction to Cloud Computing: Concepts, Models, Characteristics & Benefits
Larsen & Toubro Infotech (LTI) provides technology consulting and digital solutions with headquarters in Mumbai. It has offices in multiple Indian cities including Kolkata, Hyderabad, and Pune. In February 2025, LTI reported a revenue of INR 198.92 billion, making it a significant player in the IT sector.
Established & Headquarter: 1997, Mumbai, India
Services Offered:
Customer Base: Manufacturing, Financial Services, Energy, Telecom
Global Presence: 20+ countries
Working Modes: Hybrid
Number of Employees: 50,000+
Mindtree is a digital transformation and technology services company that supports clients from initial ideas to project execution. With multiple departments handling various aspects of projects, it offers diverse opportunities for technology professionals.
Established & Headquarter: 1999, Bangalore, India
Services Offered:
Customer Base: Retail, Travel, Banking, Manufacturing
Global Presence: 20+ countries
Working Modes: Hybrid
Number of Employees: 30,000+
Also Read: Data Science in Manufacturing: Applications, Tools, and Future
TCS is one of the largest global IT services firms, offering cloud infrastructure, artificial intelligence, automation, and industrial services. Recognized as a “Global Top Employer” for seven consecutive years, it is a sought-after workplace known for growth and innovation.
Established & Headquarter: 1968, Mumbai, India
Services Offered:
Customer Base: Banking, Retail, Telecom, Manufacturing
Global Presence: 46 countries
Working Modes: Hybrid
Number of Employees: 5,00,000+
Tech Mahindra is a leading IT services company ranked No. 1 in India and No. 2 globally on the S&P Global Dow Jones Sustainability Index (DJSI) for IT services. It has offices in major cities like Chennai, Bangalore, and Hyderabad and is a major recruiter of skilled IT professionals.
Established & Headquarter: 1986, Pune, India
Services Offered:
Customer Base: Telecom, Healthcare, Manufacturing, Banking
Global Presence: 90+ countries
Working Modes: Hybrid
Number of Employees: 1,35,000+
Also Read: Computer Networking Basics: Key Concepts, Types, and Benefits Explained
Wipro is recognized for its leadership in governance by institutions like the Bombay Stock Exchange and the International Financial Corporation. The company offers services in computer security, digital transformation, cloud computing, AI, and data analytics, making it a preferred employer for skilled professionals in these domains.
Established & Headquarter: 1945, Bangalore, India
Services Offered:
Customer Base: Healthcare, Banking, Retail, Energy
Global Presence: 50+ countries
Working Modes: Hybrid
Number of Employees: 2,00,000+
Birlasoft specializes in IT and consulting services for sectors like financial services, banking, media, and healthcare. Headquartered in Pune, it has offices in Noida, Hyderabad, Chennai, and Bangalore, offering broad career opportunities for IT professionals.
Established & Headquarter: 1990, Pune, India
Services Offered:
Customer Base: Banking, Media, Healthcare, Manufacturing
Global Presence: 10+ countries
Working Modes: Hybrid
Number of Employees: 12,000+
DXC Technology focuses on technological innovation to help clients streamline business processes. It employs skilled tech professionals who design solutions for optimizing market opportunities and overcoming complex business challenges.
Established & Headquarter: 2017, Tysons, USA
Services Offered:
Customer Base: Financial Services, Healthcare, Manufacturing
Global Presence: 70+ countries
Working Modes: Hybrid
Number of Employees: 130,000+
Genpact offers both digital and business process services. Professionals here work with technologies like data analytics, AI, machine learning, cloud computing, and automation, as well as services in customer care, finance, accounting, and supply chain management. The company is headquartered in New York City.
Established & Headquarter: 1997, New York, USA
Services Offered:
Customer Base: Banking, Healthcare, Manufacturing, Retail
Global Presence: 25+ countries
Working Modes: Hybrid
Number of Employees: 90,000+
Headquartered in Navi Mumbai, Hexaware Technologies specializes in digital transformation, cloud services, and automation. It serves clients across multiple industries globally and is known for delivering innovative IT and BPO solutions.
Established & Headquarter: 1990, Navi Mumbai, India
Services Offered:
Customer Base: Banking, Retail, Insurance, Manufacturing
Global Presence: 20+ countries
Working Modes: Hybrid
Number of Employees: 20,000+
Also Read: Technology Consultant Salary in India for 2025: Career Insights and Earning Potential
Mphasis is a leading IT services company based in Bangalore, known for outsourcing services and providing architectural guidance. It focuses on improving infrastructure technology and delivering innovative IT solutions to global clients.
Established & Headquarter: 2000, Bangalore, India
Services Offered:
Customer Base: Banking, Insurance, Healthcare, Retail
Global Presence: 20+ countries
Working Modes: Hybrid
Number of Employees: 30,000+
NIIT Technologies provides IT solutions including application development, app management, and cloud computing. It serves clients in sectors like financial services, travel, insurance, logistics, and manufacturing, helping them maximize their IT investments.
Established & Headquarter: 1981, Gurgaon, India
Services Offered:
Customer Base: Financial Services, Travel, Manufacturing, Logistics
Global Presence: 20+ countries
Working Modes: Hybrid
Number of Employees: 5,000+
Persistent Systems is an IT services company focused on helping businesses tackle digital challenges and achieve success. Their offerings include data analytics, IT security, automation, cloud computing, and software product engineering. The company is publicly listed on NSE and BSE.
Established & Headquarter: 1990, Pune, India
Services Offered:
Customer Base: Healthcare, Banking, Technology
Global Presence: 15+ countries
Working Modes: Hybrid
Number of Employees: 10,000+
Also Read: What Do Software Engineers Do? Roles, Responsibilities & Career Scope
Syntel is a service-oriented IT company that helps clients use advanced technologies efficiently. Its focus is on delivering digital solutions that optimize business performance and operational benefits.
Established & Headquarter: 1980, Troy, USA
Services Offered:
Customer Base: Financial Services, Retail, Healthcare
Global Presence: 10+ countries
Working Modes: Hybrid
Number of Employees: 15,000+
Zensar Technologies combines skills, innovation, and technology to help clients adapt to constant change. It offers IT services that keep businesses equipped with the latest technologies to maintain competitive advantage.
Established & Headquarter: 1991, Pune, India
Services Offered:
Customer Base: Manufacturing, Retail, Financial Services
Global Presence: 20+ countries
Working Modes: Hybrid
Number of Employees: 10,000+
Also Read: How to Become a Mobile App Developer in 2025: A Complete Step-by-Step Guide
Businesses’ expenditure on IT services is ever-increasing. If you have a solid educational foundation in the relevant discipline backed by specialization courses like upGrad’s Online Software Development Courses can help you carve a prosperous career in any of the top service-based companies in India.
Check out our free courses to get an edge over the competition.
Once you know the key players, it’s important to understand what makes working at these companies rewarding. This insight will help you choose the right employer for your professional growth.
Choosing the right service-based company is crucial whether you’re seeking a job or planning to invest. For job seekers, selecting a company that aligns with your career goals and offers growth opportunities ensures long-term success. For investors, identifying companies with strong client focus, financial stability, and adaptability can lead to better returns.
Below are key factors to consider when evaluating service-based companies for employment or investment purposes.
A strong company focuses on fully understanding client needs and delivers services only when required. This ensures efficient use of resources and keeps clients satisfied, which supports steady business growth and job security.
Reliable companies use their expertise to provide quality results and maintain good follow-up service. Meeting deadlines and high standards reflect solid operations that benefit employees with steady projects and investors with reliable income.
Choose companies that maintain their standing against competitors without sacrificing service quality. This offers employees a reputable workplace and investors confidence in the company’s sustainability.
Companies that adjust quickly to changing client needs and market trends stand out. This flexibility provides employees with varied experience and offers investors a business capable of handling change.
Look for organizations that invest in training and encourage a healthy work environment. A supportive atmosphere helps employees grow and stay motivated, which often leads to better overall company performance.
Firms with steady revenue growth, good profit margins, and clear financial reporting show strong management. This stability means job security for workers and attractive returns for investors.
Companies that adopt new technologies and improve processes can offer clients better services. Staying up to date with technological trends helps the business stay relevant and opens new opportunities for employees and investors alike.
Also Read: Top 25 IT Companies in India in 2025
Having looked at the criteria to help you choose service based companies, let us now have a look at the reasons for working in them.
Service-based companies in India provide diverse project experience, technology exposure, steady learning, and global opportunities. This makes them a solid choice for building a flexible and long-lasting career.
If you are wondering why you should switch to a service-based company, listed below are a few reasons that will answer your query:
Service-based companies work with clients from diverse industries, meaning each project has unique needs. This variety lets you design custom solutions and innovate regularly. For example, you might build a secure cloud infrastructure for a banking client, then develop automation software to improve efficiency for a healthcare provider. This keeps your work interesting and helps you adapt to different business challenges.
These companies implement technologies like cloud computing, AI, machine learning, and automation to solve client problems. This exposure allows you to develop expertise in multiple areas, such as deploying AWS cloud solutions for a retail client or using AI-driven analytics to optimize manufacturing processes. Working with these tools across projects ensures your skills stay current and marketable.
Service firms often provide training programs, certifications, and hands-on experience to help employees expand their knowledge. For example, you might complete a certification in Kubernetes on one project and learn cybersecurity practices on another. This continuous learning prepares you for different roles and responsibilities, making you a more versatile professional.
Because service-based companies serve multiple clients and industries, you can often move between projects without changing employers. This flexibility lets you explore various career paths, such as transitioning from backend development to cloud architecture or shifting from technical roles to project management or consulting, broadening your experience.
Many service companies have clients across the globe, offering chances to work on international projects or collaborate with teams worldwide. This experience helps you understand global business practices, enhances your cultural awareness, and builds skills in cross-border communication. For instance, you might support a US-based client while working with teams in Europe and Asia.
Projects in service-based firms usually involve large, cross-functional teams. This fosters a collaborative culture where knowledge sharing is encouraged. For example, you might learn agile methodologies from colleagues while contributing your technical expertise, which strengthens your teamwork and leadership skills.
Top service companies like TCS, Infosys, and Accenture have a strong market presence and large client bases, providing stable employment and clear career progression. Working at such firms offers opportunities to be involved in high-profile projects for multinational clients, boosting your resume and future prospects.
Service-based companies offer competitive salaries, performance bonuses, health insurance, and professional development programs. Many also provide opportunities for international assignments or relocation, which can enhance your career growth and earning potential. For example, working on an overseas client project can open doors to global roles and higher compensation.
Understanding why these companies are attractive to investors can guide your financial decisions. Knowing their strengths highlights why they offer promising returns.
Service-based companies in India have demonstrated steady growth and resilience, driven by increasing global demand for IT and consulting services. Their ability to adapt to client needs and embrace new technologies positions them well for sustained success. Here are key reasons why investing in this sector can be a sound decision:
The Indian IT services sector is projected to reach a market volume of $28.64 billion by 2027, growing at a compounded annual growth rate (CAGR) of 11.02% between 2023 and 2027. This steady expansion reflects increasing global reliance on outsourcing and digital transformation services.
Service-based companies tailor solutions specifically to their clients’ requirements, which helps build long-term partnerships and recurring revenue streams. For example, firms like TCS and Infosys customize cloud migration and AI services based on industry needs, enhancing client satisfaction and retention.
These companies serve multiple industries such as banking, healthcare, manufacturing, and retail. This diversification reduces dependence on any single sector, lowering investment risk. For instance, Accenture operates in various verticals, providing stability against market fluctuations.
Many service-based companies have extensive international clients, allowing them to benefit from a broad geographic reach. This global presence protects them from localized economic downturns and provides access to larger markets.
Service firms continually incorporate emerging technologies like AI, machine learning, cloud computing, and automation. This keeps them competitive and relevant, attracting new clients and opening new revenue channels. For example, HCL Technologies invests heavily in AI-driven services, expanding its market share.
Many Indian service-based companies consistently report strong revenues and profit margins. Their recurring contract models and long-term projects contribute to stable cash flows, making them attractive to investors.
The Indian government supports the IT and services sector through favorable policies, incentives, and infrastructure development. Initiatives like Digital India and Make in India boost demand for IT services, creating a conducive environment for growth.
India’s vast and skilled IT workforce enables service companies to deliver quality solutions at competitive costs. Continuous investment in employee training and innovation further strengthens their position in the global market.
Investing in service-based companies in India offers exposure to a growing, diversified, and resilient sector backed by innovation and strong client relationships. This combination creates a favorable outlook for long-term returns.
To get a complete view, it’s essential to look at the challenges these companies face and how the industry is expected to change. This helps you prepare for what lies ahead whether as an employee or investor.
The service-based industry in India plays a crucial role in driving technological innovation and economic growth. However, it faces several challenges that can impact its efficiency and expansion. Addressing these challenges requires strategic solutions focused on workforce development, scalability, and quality assurance.
The table below outlines key challenges, their implications, and possible solutions.
Challenge |
Description |
Solutions |
Skilled Workforce Shortage | Finding professionals with specialized skills in emerging technologies like AI, cloud computing, and cybersecurity is difficult. This limits the ability to deliver advanced services effectively. | Invest in continuous training, partner with educational institutions, and encourage certification programs to build a pipeline of skilled talent. |
Rapid Scaling Constraints | Scaling operations quickly to meet sudden client demands is challenging due to limited availability of skilled employees. This can delay project delivery and affect client satisfaction. | Develop flexible workforce models including contract hiring and partnerships with staffing agencies. Use talent pools and cross-training to enable quick deployment. |
Quality Consistency | Ensuring uniform service quality across diverse projects and multiple locations is complex, risking client dissatisfaction. | Implement standardized processes, quality management systems, and regular audits. Foster a strong organizational culture focused on excellence. |
Talent Retention and Attrition | High competition for skilled employees leads to attrition, increasing recruitment costs and knowledge loss. | Enhance employee engagement, provide career growth opportunities, and offer competitive compensation and benefits. |
Technology Adoption Lag | Keeping pace with rapidly changing technologies requires constant investment and adaptation, which some firms struggle to maintain. | Allocate budget for R&D, encourage innovation labs, and promote a culture of continuous learning to stay updated with technological trends. |
Also Read: RPA Developer: Key Skills, Career Path & How to Become One ?
Let us now have a look at how you can enhance your skillset to keep up with this growing field with the help of upGrad.
Exploring career opportunities at India’s top service-based companies such as Accenture and Deloitte can set you on a path to success in the IT and consulting sectors. Whether you’re just starting out or looking to specialize, building the right skills and profile is key to securing your desired role.
At upGrad, you can choose from focused programs that help you gain expertise in high-demand areas like programming and data science.
Here are some top courses offered by upGrad:
Feeling unsure about where to begin with your career? Connect with upGrad’s expert counselors or visit your nearest upGrad offline centre to explore a learning plan tailored to your goals. Transform your programming journey today with upGrad!
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https://www.ambitionbox.com/salaries/persistent-systems-salaries
https://www.ambitionbox.com/salaries/niit-salaries
https://www.ambitionbox.com/salaries/mphasis-salaries
https://www.ambitionbox.com/salaries/hexaware-technologies-salaries
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https://www.ambitionbox.com/salaries/birlasoft-salaries
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