The economy of India, a developing mixed economy, is currently the fastest-growing in the world. The growth rate of above 9% of its service sector is unrivaled, followed closely by exporting of IT services and business process outsourcing. Along with software services, this is the part developing most rapidly. Furthermore, India is the second-largest startup hub with 3100 technology start-ups alone. The agricultural and manufacturing sector holds a steady share in the economic contribution, and the Indian automobile industry is one of the largest in the world with an annual production of 21.48 million vehicles. In 2015, India’s retail market was worth a whopping $600 billion.
There is no doubt that the economy’s rapid growth is due to the abundance of highly skilled graduates, the numbers of which are growing at a rate of 7% per year. Its large population of especially young people in the age bracket of 5 to 24 presents great opportunities in the sphere of education. An extensive English speaking population makes education (as well as employment) much easier, contributing to these world-leading figures.
Considering all the aforementioned, the growing business confidence triggered the expansion of the commercial property market with optimistic prospects. Large office spaces of above 100,000 square feet are most sought after, not only by domestic companies on the rise, but foreign enterprises as well. A Bengaluru-based developer has leased about 4 million square feet across Bengaluru and Hyderabad. The city of Hyderabad has leased large spaces to both JP Morgan and Microsoft in order to accommodate their upcoming projects. A company will have offices throughout the country, adding to their further expansion and development. By creating more office space, companies strive towards increasing productivity, expanding, developing and improving workplace transformation strategies for better facilities.
This is only to mirror the economically healthy cities and their proliferation, especially in the growth of the real-estate market. Bangalore, Mumbai, Hyderabad and NCR accounted for almost 80% of the leasing activity, while tech corporates have a share of 48%. They were followed by engineering and manufacturing companies (14%) and agile / co-working / business center operators (11%).
Even though there is much to choose from when it comes to employment in the technology sector, young talents very frequently opt for a multinational company rather than a homegrown one. There is certainly a special kind of appeal to multinational companies that these talented graduates find almost irresistible. Recent findings show that professional aspirations of India’s youth revealed that clear progression structures and a positive work environment are at the top of the list when it comes to choosing a future post. Companies that rate highly on the scale of desirability have well-developed people management and a conducive environment for their employees. So, there is some allure in the fact that a company seeking capable new employees is a multinational one, yet it is not the only factor that decides the list. A strong sense of community and teamwork, opportunities for advancement and capable mentorship are all factors that add to the company’s appeal, moving it high up the ranks.
These are the top ten technology companies that won India’s popularity contest.
10. Indian Space Research Organization
A space agency in the public sector within the Indian government. Their goal is to develop space technology for national development along with space science research and planetary exploration. With headquarters in Bangalore, they can also be found in Hyderabad.
This information technology company was split in 2015 into HP Inc (development of personal computers, printers and 3D printing solutions) and Hewlett Packard Enterprise focused on business and financial services. Offices may be found in Bangalore, Chennai, Gurgaon, Kolkata, Lucknow, Mumbai, New Delhi and Udham Singh Nagar.
This software company manages business operations as well as customer relations in Bangalore, Chandigarh, Gurgaon, Kolkata, Mumbai and New Delhi.
A company that needs no introduction successfully deals in developing, manufacturing, supporting and selling computer software, electronics, personal computers and services in Ahmedabad, Bangalore, Chennai, Hyderabad, Gurgaon, Kochi, Kolkata, New Delhi and Pune.
Besides networking hardware and telecommunications equipment, the company also has a number of subsidiaries that specialize in specific tech markets, including Internet of Things and security in their offices in Bangalore, Chennai, Colombo, Kolkata, Gurugam, Hyderabad, Mumbai, New Delhi and Pune.
5. Tata Consultancy Services
A subsidiary of a multinational conglomerate the Tata Group is an IT service, consulting and business solutions company, consisting of 29 listed enterprises such as Tata Steel, Tata Motors (which owns Jaguar & Land Rover) and Tata Communications. Offices may be found in Ahmedabad, Bangalore, Bhopal, Bhubaneswar, Chennai, Coimbatore, Gandhinagar, Gurugram, Hyderabad, Jamshedpur, Kochi, Kolkata, Lucknow, Mapusa, Mumbai, Nagpur, New Delhi, Noida, Patna, Pune, Raipur, Trivandrum and Vadodara.
A company with a century-long history, first established as the Computing-Tabulating-Recording Company, has been known as IBM (or International Business Machines) since 1924. It focuses on manufacturing hardware, middleware and software, as well as providing hosting and consulting services. Offices are in Ahmedabad, Bangalore, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Gurgaon, Hyderabad, Kolkata, Mumbai, New Delhi, Noida, Pune and Visakhapatnam.
The countdown has finally brought us to the top three and most sought after world-renowned companies.
The third company on the list, Intel specializes in producing microprocessors and semiconductor chips. They can be found in Ahmedabad, Bangalore, Chennai, Gurgaon, Hyderabad, Kolkata, Mumbai, New Delhi, Noida, Pune and Secunderabad.
This runner up is a cloud computing and e-commerce business. It has come a long way since being only an online bookstore. Apart from selling a wide variety of products and streaming services, it also produces consumer electronics. Their latest feat is an automated grocery store. Offices are held in Bangalore, Chennai, New Delhi, Hyderabad and Mumbai.
And the winner, as you might have already guessed, is
Internet-related services and products which include their eponymous search engine, cloud computing, advertising technologies, software and hardware are provided in India in their offices in Bangalore, Mumbai, Gurgaon and Hyderabad.
So there you have it – India has undoubtedly become a desirable place for employers and employees alike. The expanding market is a sign of a very bright future awaiting this country.