The 10 Best IT Companies in Mumbai - Area, Salary, History and More

The constant buzz of activity, regardless of night or day, the plethora of foods and the chatter that rises above it all – No matter who you are or where you come from there is always room for you in Mumbai – the city sets ablaze with lights and hopes. Not just Media and Bollywood, Mumbai has emerged as a major hub for technological and IT companies as well. With so many demographical advantages, IT companies in Mumbai keep performing well and have made a name for themselves globally. Let’s take a look at the top 10 IT companies of Mumbai and find out what makes them so special. 

Home to centuries of Indian heritage and now a haven that welcomes all who seek solace with open arms. As of 2020, Mumbai is home to 20,411,000 people – not just people who live there, but people who gravitate to the big city, yearning for success and grander life. To support the growing needs of its growing population, Mumbai has turned into a major hub for all things IT along with its neighbours like Hyderabad, Chennai and Bangalore. Mumbai plays host to the headquarters of India’s largest IT companies, like TCS. Packed with IT Business parks like the World Trade Centre and is also home to several notable companies such as Infotech LTD, MASTEX and Oracle FinServ. 

A Brief Glance at Mumbai’s History, In Information Technology

The Information Technology industry in India can be broken down into two parts: The first is IT Services and the second is Business Process Outsourcing (BPO). Mumbai is the place where India’s IT services were born. In 1967, the first ever Tata Consultancy Services was set up here – later, teamed up with Burroughs in 1977 and marked India is stepping into the IT services export business. In 1973, its first-ever Software Export Zone was established known as the SEEPZ. In the 1980s, SEEPZ generated over 80% of the country’s IT Exports. It underwent some major changes in the late 90s and early 2000s to create Maharashtra’s IT Hub and at the same time, one of the best IT hubs in India.

Importance of Information Technology Companies in India

India has earned a well-deserved place in the international Information Technology market. In 2020, a significantly large amount of the GDP came from the IT market and businesses, greatly improving India’s socio-economic growth. In just the last year, India has generated over 31 billion dollars in software products and engineering service exports. Packaged software cost about 5.3 billion dollars and the infrastructure software were chalked up to 2.4 billion dollars.

List of Top 10 Information Technology Companies in Mumbai

There are thousands of Tech companies in Mumbai. Listed here are the top 10 IT companies in Mumbai.

1. Accenture India Private Limited

It functions in the IT fields as a business consulting service and as an outsourcing service as well. Accenture was discovered in the United States in 198. It currently has over 80,000 employees worldwide and also holds a rank in the Fortune 500 list.

Places to live nearby - Kamathipura, RTO Colony, and Nilgiri Tower are some of the residential areas in the vicinity that offer all basic amenities and easy commute to the rest of the city.

Address: 7th Floor, 1, Express Tower, Nariman Point, Mumbai, Maharashtra 400021

Phone: 022 2285 5979

2. Infosys

Infosys functions in the IT field as a business consulting service and as an outsourcing service as well. It was founded in India in 1981.

Places to live nearby - Ambewadi, Khetwadi, Kamathipura, and Shapur Baug are nearby localities that are easy to reach and provide all the basic facilities. 

Address: 85-c, Mittal Tower, 8th Floor, Nariman Point, Nariman Point, Mumbai, Maharashtra 400021

Phone: 022 2284 6490

3. IBM India Limited:

IBM Stands for International Business machine. The company was founded in 1889 by Harlow Bundy in Binghamton, New York. The Tabulating Machine Company was the first manufacturer of punch card-based data processing machines. This place at present has 1,50,000 employees worldwide.

Places to live nearby - Cama Industrial Estate, Shiv Shankar Nagar, and Yashodham are some of the localities you can conveniently settle down in.

Address: 4th Floor, IL&FS Financial Centre, G Block BKC, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051

Phone: 022 4058 9000

4. L&T Infotech (Larsen & Toubro)

L&T Infotech works to globally provide Information Technology Services, IT Consultations as well as Business Process Outsourcing in one. Currently, there are about 30,000 people who are working here, globally. Its headquarters is down in Mumbai. L&T Infotech remains India’s sixth-largest IT industry in terms of revenue.

Places to live nearby - Airoli, Mahape, Ghansoli, and Khargar are ideal residential locations to live in that provide all the necessary amenities like Medical Centres, Grocery Stores, Theatres and Shopping plazas.

Address: MMRDA Milind Nagar, Saki Vihar Rd, IIT Area, Powai, Mumbai, Maharashtra 400072

Phone: 022 6776 6776

5. Ness Technologies

They were created in 1999 and currently employs over 7800. It specializes in IT Consultation and Business outsourcing.

Places to live nearby - People working at Ness Technologies can comfortably stay in Airoli, Koparkhairane, Mulund East, and Dighe.

Address: Unit 1 & 2, 2nd Floor, Building No-5 & 6, Serene properties, SEZ, Mindspace, Airoli, Navi Mumbai, Maharashtra 400708

Phone: 022 4115 4115

6. Polaris Software Lab Limited

Polaris was taken over by an America Company called Virtusa. It was created in 1993. Its headquarters is situated in the challenge.

Its specialization is IT Consulting, Systems implementation and application outsourcing.

Places to live near - Jalvayu Vihar, ever shine Sapphire, Orchid Enclave, and Pacific Enclave are some of the ideal residential locations that are near Polaris Software Lab and provide a suitable lifestyle.

Address: SDF-V, Unit No.133, Seepz, Andheri East, Mumbai, Maharashtra 400096

Phone: 022 4202 8400

7. Mahindra Satyam

It is of Indian Origin and came into existence in 1987. It specializes in business consulting and outsourcing.

Places to live nearby - Airoli, Chandivali, Powai, and Sakinaka are top residential locations that are well connected via road and railways to the rest of the city.

Address: 307, Chincholi Bunder Rd, Malad, Rajan Pada, Mindspace, Malad West, Mumbai, Maharashtra 400064

8. Tata Consultation Services

Tata Consultancy Services is one of the most popular companies on the list. It is commonly known as TCS. It operates in 149 different locations across 46 countries. Proudly, it is the first Indian company to reach 100 billion dollars net worth. It has 263,673 employees across the globe.

Places to live nearby - Andheri, Borivali, Nerul, Powai, and Vikhroli West are locations near Tata Consultation Services that provide all the basic amenities needed by a person to conveniently settle down.

Address: Barrister Rajni Patel Marg, Nariman Point, Mumbai, Maharashtra 400021

Phone: 022 6778 9595

9. iGATE Patni

An American company whose headquarters is located in Pittsburgh, Pennsylvania. It was sold to Capgemini in 2015 and is presently living in over 70 locations with about 30000 employees in total, worldwide. It specializes in Information Technology and Hardware.

Places to live nearby - Ideal residential spots near iGATE Patni are Kalwa, Rabale, Mulund East, and Ghansoli which offer all facilities.

Address: Plant 5, Godrej & Boyce Compound Main Gate, Lal Bahadur Shastri Rd, Pirojshanagar, Vikhroli West, Mumbai, Maharashtra 400079

Phone: 022 6686 0500

10. Tech Mahindra Limited

Tech Mahindra is an IT company in Mumbai. It is of Indian origin and specializes in all things Information Technology to global brands. Its Headquarters is located in Mumbai.

Places to live nearby - Malad West, Goregaon West, and Borivali West are some of the prime residential establishments near Tech Mahindra that provide all basic amenities.

Address: 4V7V+MMM, Wing - I & II, Oberoi Garden Estate, Off.Saki Vihar Road, Chandivali, Andheri (Ea, Andheri East, Mumbai, Maharashtra 400072

Phone: 022 6688 2000

Work Culture in Mumbai’s Information Technology Firms

One of the perks of working in an international company is the benefits that you get that make the whole experience feel so exclusive. The IT firms in Mumbai have offices that are built to please and provide some kind of mental relief to the IT employees who lose sleep over their job. They usually have fancy lounges, nutritious yet delicious food and often a coffee/tea machine with no maximum limit set. The IT industry is filled with high pressure and high returns. The better you do, the higher your incentive which really drives people to give it their all. IT industries are dynamic - ever-changing and forever evolving. On the other hand, the work pressure is always up and so is the tension.

Unhealthy competition may be kindled between teammates and not all the requests are fair.

In spite of that, the employees come together beautifully during times of crisis and support each other. Some of the bonds you create here, you can carry for the rest of your life.

Demand for Jobs in IT Companies in Mumbai

Jobs in the Information technology field will forever be in demand, and the same goes for the IT companies in Mumbai. It tends to attract mainly the youth and fresh out of college folk as they are the most versatile in the market and are willing to work long and odd hours. The pay will definitely be attractive to them, again coming right out of college they will be thrilled with the opportunity to earn and spend their money. They will usually go for the best IT companies in Mumbai, the ones with the big names and big offices to go along with it. IT MNC companies will constantly be hiring and people will constantly keep applying. During the application process, they split into two paths. The first one will be those who are interested in the technical aspect of the IT industry and the other stream will the

Business Process Outsourcing side – they come into action with customer relations when the technical side messes up. India is already facing an unemployment crisis, which is driving job hunters over the edge. It’s the desperation of these individuals who give foreigners a good chance to hire in India. They will easily be able to find willing people who work for a much cheaper price as their foreign currency put up against what they pay their employees is comparatively low.

Why is Mumbai a Hot Spot for Foreign Investors?

Mumbai is a city with blinding lights and an endless ocean of people always swarming around. There is also a good portion of those people who have migrated to Mumbai from smaller places in hopes of making it big. One of the first places that they would turn to would be the IT companies in Mumbai which are constantly in a state of hiring.

• One of the first reasons would be the talent pool in India.
• The pricing options provided are flexible and cost-effective for a foreign investor.
• Another reason for this could be the Indian's way of driving for perfection – we never compromise on quality.
• There are endless possibilities with the infrastructure available and that which can be developed

According to a survey conducted, 80% of European and American outsourcing firms ranked India as the best Outsourcing destination followed closely by the Philippines.

Revenue Generated by Mumbai’s IT companies

The Information Technology Sector in India contributed about 1.2% of the country’s GDP in 1998. In 2017, the contribution increased to a whopping 7.7%. As of 2020, the Information Technology sector in India hires a total of 4.36 million Indian employees.

Even if we take into consideration only the biggest IT companies in Mumbai, they still carry a huge part of the GDP of India. In 2020, Tata Consultancy Services gained 1.62 lakh crores INR (23 billion USD) in revenue. Followed closely by Infosys, which generated a revenue of 93,594 crores INR (13 billion USD) in 2020. Accenture gathered a total of 4,433 crores USD, last year. Tech Mahindra gained a total of 96,241 Crores INR (13 billion USD) last year. This should give us a good idea as to why people are drawn toward these high-end, high-paying and high-pressure jobs.

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