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Top Service-based Companies in India

HomeBlogIT Service ManagementTop Service-based Companies in India

Top Service-based Companies in India

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Yashil Garg

Published

18th Oct, 2023

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When one ventures out into the professional world, it is natural to be overwhelmed by the various job options available. There is an immense scope of employment for educated individuals in a service-based business requiring their skills and knowledge across different industries.

A service-oriented business gives utmost importance to the quality of service delivered to its customer. From a candidate’s point of view, placements after pursuing a Data Science course, will lead you to service-based companies.

Fortunately, India is home to leading service-based companies offering a wide range of services to its clients, such as strategic solutions, IT services, research and software development services, and more.

If you are looking to get hired by the top service-based company in India, you've reached the right place. The following article provides in-depth information about the best service-based companies in India for you to work at, along with their history, headquarters, and services.

What are Service-based Companies?

Service-based companies are businesses that provide services to customers instead of tangible goods. These services range from consulting, accounting, marketing, design, IT, and other professional services. Today in India, a large and diverse range of service-based companies offer various services to both businesses and individuals.

These companies are often distinguished from product-based companies, which create and sell physical goods by focusing on providing services. Service-based companies are typically smaller in size than product-based companies and are often more specialized in their services.

The list of service-based companies in India is extensive, each offering its unique set of services. Some popular services include information technology, business consulting, financial services, marketing, and legal services. In addition, other services such as web design, engineering, and architecture are popular choices. Some service based companies examples include Oracle, Infosys, IBM, Tata Consultancy Services, and HCL Technologies.

However, before jumping to that let's quickly look at how service-based companies are different from product-based companies. Software Testing certification will help you learn software testing by applying testing skills in work like environments.

Difference Between Product-based and Service-based Companies

Business products and services are varied based on whether an offering is tangible or intangible.

A product-based company designs and manufactures a particular product which they then sell to the public. They aim to produce products that can be sold to a wide range of masses to bring in good market value.

Product-based companies usually take the help of service-based companies to help manufacture their products. The latter use their employees' skill set and knowledge to provide services and solutions for their clients, like web and software development, strategic solutions, etc.

Service-based companies usually consider the customers' specific requirements first and then generate tailor-cut services accordingly.

Product-based vs Service-based Companies: Table of Difference

To understand what service-based companies are, let’s look at the major differences between product-based companies and service-based companies.

Parameters	Product-based Companies	Service-based Companies
Revenue Model	Product-based companies generate revenue by selling physical products to customers.	Service-based companies generate revenue by selling services such as consulting, software development, web development, and so on.
Focus	Product-based companies focus on marketing, manufacturing, and selling products.	Service-based companies, on the other hand, focus on providing services that are tailored to the customer's needs.
Cost	Product-based companies incur costs related to the production, manufacturing, and distribution of their products.	Service-based companies, however, have lower costs since they do not have to incur the cost of producing or manufacturing products.
Employees	Product-based companies typically have employees with diverse skill sets, such as production, marketing, and sales.	Service-based companies, on the other hand, require employees with specific skills related to the services they provide.
Risk	Product-based companies have a higher risk of failure due to the investments they must make to produce, manufacture, and distribute their products.	Service-based companies, however, have lower risks since they do not have to invest in production or manufacturing.
Scalability	Product-based companies can typically scale up quickly, as they can easily increase the production and distribution of their products.	Service-based companies, on the other hand, have difficulty scaling up quickly since they must ensure that they have enough employees with the necessary skills to provide their services.
Location	Product-based companies can be located anywhere, as they do not need to be close to their customers to provide their services.	Service-based companies, however, need to be located close to their customers to provide their services.
Customer Retention	Product-based companies must focus on customer retention to generate repeat sales.	Service-based companies, on the other hand, must focus on customer satisfaction to ensure that their customers continue to use their services.

Top Service-based Companies in India

Here is a list of 25 top service-based business examples across India known for their top-notch quality and customer satisfaction.

1. Accenture

Accenture, a professional service provider in Ireland, is one of the world's leading service-based companies globally, offering its customers a broad range of services. Accenture specializes in strategy and consulting management and information technology services and is consistently ranked as one of the topmost service providers in the world.

Clarence DeLany founded the company in 1989 in Bermuda. After cutting ties with the parent company, the company was formerly known as Andersen Consulting but later changed its name to Accenture. The current CEO is Julie Sweet, and the headquarters are currently based in Dublin, Ireland.

Accenture has confirmed its place for 18 consecutive years in the Forbes Global 2000 list and 20 consecutive years on the FORTUNE global 500 list. It has also been recognized among Ethisphere world's most ethical companies and has been placed in Wall Street Journal Management Top 250 for five consecutive years now.

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Accenture has eleven offices across India in Bengaluru, Chennai, Gurugram, Kolkata, Hyderabad, Noida, Mumbai, New Delhi, and Pune.

2. Infosys

Infosys is a multinational service provider based in India specializing in outsourcing services, digital services, business consulting, and information technology.

The company was founded in 1981 in Pune by founders N. R. Narayana Murthy, Nandan Nilekani, SD. Shibulal, Kris Gopalakrishnan, K. Dinesh, Ashok Arora, and NS.Raghavan. The company's current CEO is Salil Parekh, and the company is headquartered in Bangalore.

It has been recognized as one of the Ethisphere world's ethical companies for two consecutive years and received Brandon Hall group's Organizational Excellence Certification.

The company has around 39 offices in India, with Mysore, Pune, Thiruvananthapuram, Pune, Kolkata, Hyderabad, Mumbai, Noida, Bengaluru, Gurugram, Chennai, Chandigarh, Mangalore, Bhubaneswar, Jaipur, Nagpur, and Delhi.

3. IBM

International Business Machines Corporation, famously known as IBM, is one of the biggest IT companies in the world. The company, headquartered in Armonk, New York, United States, was founded in 1911 in the United States by Charles Ranlett Flint, a financial capitalist.

It has five significant sectors generating its revenue: Global Business Services, Global Technology Services, Cloud and Cognitive Software, Systems, and Global Financing.

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IBM has offices in India in the following cities - Bhubaneshwar, Chennai, Coimbatore, Noida, Pune, Visakhapatnam, Ahmedabad, Bengaluru, Delhi, Gurgaon, Hyderabad, Kochi, Kolkata, and Mumbai.

4. Tata Consultancy Services (TCS)

TCS is a subsidiary of the TATA group, which JRD started. One of the world's biggest firms providing top-notch IT services, TCS was founded in 1968 and is headquartered in Mumbai.

It offers engineering and industrial services, automation and AI, cloud infrastructure, and many more to various clients. Rajesh Gopinathan is the company's current CEO and managing director.

TCS has been recognized as a Global Top Employer for seven consecutive years by Top Employers Institute. It has multiple offices across India in the following cities - Ahmedabad, Coimbatore, Delhi, Kochi, Thiruvananthapuram, Chennai, Kolkata, Pune, Banglore, Hyderabad, Gurugram, Noida, and many more.

5. Deloitte

Deloitte, officially known as Deloitte Touche Tohmatsu Limited (DTTL), is a multinational company that provides its services in finance, risk advisory, audit, and tax advisory to leading clients worldwide. The company was founded by William Welch Deloitte in 1845 in the United Kingdom, with its headquarters in London, and is one of the big four accounting organizations.

Deloitte was named one of the top 5 global brands by Brand Finance Global 500 in 2020. Punit Renjen is currently the CEO of the company.

Deloitte has offices in 10 cities in India, namely Kochi, Goa, Kolkata, Ahmedabad, Bangalore, Chennai, Gurugram, Hyderabad, Mumbai, and Pune.

6. Wipro

Wipro Limited is one of the leading service providers for information technology, consulting, and business process consulting. It was founded in 1945 by M.H. Hasham Premji and is headquartered in Bengaluru, with Thierry Delaporte as the current CEO.

The company has been recognized in the top 'leadership' category in governance practices by various institutions such as International Financial Corporation, the Bombay Stock Exchange, and Institutional investor advisory services.

Bangalore, Guwahati, Chennai, Mysore, Bhubaneswar, Kolkata, Jaipur, Noida, Gurgaon, Delhi, Vijayawada, Visakhapatnam, Secunderabad, Hyderabad, Kochi, Baroda, Gujarat, Ahmedabad, Mumbai, and Pune are the cities where Wipro offices are located in India.

7. NTT DATA

The Nippon Telegraph and Telephone Corporation DATA is a Japan-based IT company that provides services concerning consulting and information technology. Yo Honma is the present CEO and President, and the company is headquartered in Tokyo, Japan.

NTT DATA has a global presence and offers services to some of the most promising clients. This service provider was established in 1967 within the Nippon Telegraph and Telephone Corporation when they decided to launch the data communications bureau.

NTT DATA has offices in Bangalore, Chennai, Gurgaon, Noida, Pune, Hyderabad, and Mumbai in India.

8. LTI

Larsen and Toubro Infotech is a global company specializing in digital solutions and technology consulting. Founded and headquartered in Bombay in 1938 by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro, the current Chief Executive Officer of LTI is Sanjay Jalona. The company's offices in India are in Delhi, Kolkata, Pune, Hyderabad, Nagpur, Chandigarh, Bangalore, and Chennai.

9. Redington

The Redington group offers services and solutions in information technology, artificial intelligence, mobile equipment, and supply chain management. It was founded in 1993 by R. Srinivasan and R. Jayachandran. The current CFO is S.V. Krishnan, and the company is headquartered in Tamil Nadu. They currently have offices in Bengaluru and Chennai.

10. Bharti Airtel

A telecommunications company based in New Delhi, Bharti Airtel Limited, often known as Airtel, is a service provider that specializes in telecom. Sunil Bharti Mittal founded the company in July 1995, and it is currently headquartered in New Delhi with Gopal Vittal as its CEO.

Airtel has multiple subsidiaries, such as Wynk Music, Airtel Digital, etc. In addition, it was rated 'fastest mobile network' for the year 2016 by Ookla. Its offices are in Ahmedabad, Hyderabad, Lucknow, Kolkata, Indore, Gurgaon, Chennai, Patna, Guwahati, Bangalore, Mumbai, Jaipur, and Chandigarh.

11. Capgemini

Headquartered in Paris, France, Capgemini offers its services in consulting and technology services. In 1967, Serge Kampf founded the company and transformed it into a global IT firm.

Capgemini won two Pega Partner Excellence Awards in 2020 and three Brandon Hall Group Excellence in Technology Awards in 2021. The company has branches in 12 cities in India, including Bhubaneswar, Noida, Bengaluru, Kolkata, Gurugram, Chandigarh, Pune, Mumbai, and Chennai.

12. HCL

HCL is one of the leading service providers in information technology and consulting, headquartered in Noida. It was founded in 1991 by industrialists Shiv Nadar and Arjun Malhotra under the parent organization HCL Enterprise, and the current CEO is C Vijayakumar.

HCL has offices in Chennai, Bangalore, Noida, Hyderabad, Pune, Lucknow, Vadodara, Gurgaon, Mumbai, Kolkata, and Jaipur.

13. Tech Mahindra

Headquartered in Pune, Business conglomerate Anand Mahindra founded tech Mahindra in 1986. The present CEO is C. P. Gurnani.

The company has acquired many achievements, including the 2021 golden peacock award for HR excellence in the IT sector. It was also listed among the best companies to work for in India in 2020.

Tech Mahindra has offices in Bhubaneswar, Chandigarh, Chennai, Bangalore, Gurgaon, Hyderabad, Kolkata, etc.

14. W S Atkins

W S Atkins, a part of the SNC Lavalin Group, is an engineering, design, and architectural consultancy service provider based in the United Kingdom. The headquarter is situated in London, with Uwe Kreuger as the current CEO.

William Sydney Atkins founded the company in 1938, which was the service provider behind the building of Burj Al Arab in Dubai, a seven-star hotel, giving the company numerous accolades and praises. Atkins has multiple offices in India, including in cities like Bangalore.

15. Mphasis

An Indian multinational company, Mphasis, is an IT consultancy service provider based in Bangalore. It also delivers architectural guidance, infrastructure technology, outsourcing services, etc. The company, founded in 1998, is headquartered in Bangalore, and the current CEO is Nitin Rakesh.

Mphasis has offices located in Bangalore and Chennai. Bhubaneswar, Ahmedabad, Indore, Jaipur, Mangalore, Mumbai, Noida, Puducherry, Pune, Raipur, and Vadodara.

16. Birlasoft

Birlasoft is an IT services and consulting service provider with a global presence. The company was founded in 1990 and is headquartered in Pune, with Dharmender Kapoor as the current CEO and managing director.

The company's expertise is in banking, financial services, healthcare, media, and insurance. Its offices are in Bangalore, Chennai, Noida, and Hyderabad.

17. Cognizant

Headquartered in Teaneck, New Jersey, and the United States, Cognizant is an Information technology and consulting company founded in 1994. The CEO is Brian Humphries.

Cognizant is one of the leading providers of information technology consulting and business process outsourcing services, and they have received ISG's star of excellence awards for its exemplary services.

The offices are in Bangalore, Chennai, Coimbatore, Gurgaon, Hyderabad, Kochi, Kolkata, and Mangalore.

18. SAP

SAP SE is a multinational company based in Germany that provides software and technology solutions. The company was founded and headquartered in 1972 by five engineers named Dietmar Hopp, Klaus Tschira, Hans-Werner Hector, Hasso Plattner, and Claus Wellenreuther. Its current CEO is Christian Klein.

SAP SE has won many accolades for its commitment to gender equality and LGBTQ inclusion. In 2018, SAP was also named the Top Employer in Europe due to better employee conditions. SAP has offices in Bangalore, Gurgram, Mumbai, and Kolkata.

19. KPIT Technologies

With its headquarters in Pune, KPIT technologies, formerly known as KPIT Cummins Infosystems Ltd, is a multinational company that maintains software development and solution expertise and provides products and services to its clients.

Ravi Pandit founded the company, currently the chairman, and Kishor Patil, CEO, and MD, in 1990. KPIT Technologies has offices situated in Pune, Bengaluru, and Mumbai.

20. Ernst and Young

One of the leading multinational service providers, Ernst and Young, is located in London, England. The company specializes in consulting and tax services and is considered one of the world's four biggest accounting firms.

It was founded in 1989 in England, the United Kingdom, and has Carmine Di Sibio as the current CEO. Ernst and Young LLP maintained its position in DiversityInc Magazine's Top 50 Hall of fame for three consecutive years, 2019, 2020, and 2021. The company also appeared in Fortune magazine's ‘100 best companies to work for 23 straight years.

The offices of Ernst and Young are situated in Ahmedabad, Bangalore, Chennai, Chandigarh, Gurugram, Hyderabad, Jamshedpur, Kochi, Kolkata, Mumbai, New Delhi, Noida, and Pune.

21. Mindtree

Mindtree, a multinational company, offers its services in IT and consulting services. It is a part of the Larsen and Toubro group and was founded in 1999 by Subroto Bagchi, Ashok Soota, Krishnakumar Natarajan, and Anjan Lahiri. The current CEO is Debashis Chatterjee.

Mindtree won the 'Best in Biz' award in 2021 in North America and the 'Silver Shield' award for excellence in Integrated Reporting from ICAI. The company, headquartered in Bangalore, has offices in Bangalore, Chennai, Coimbatore, Bhubaneswar, Noida, Hyderabad, Kolkata, Mumbai, and Pune.

22. Hexaware Technologies

Hexaware Technologies, headquartered in Navi Mumbai, is an IT management services company founded in 1990 by Atul. K. Nishar. It has various subsidiaries, and the parent organization is CA Magnum Holdings. The current CEO of the company is R. Srikrishna.

Hexaware won the Gold at ITSMA Marketing Excellence Awards 2018 and bagged the 2018 ISG Paragon Awards in 'Imagination.’ Hexaware offices are in Bengaluru, Chennai, Coimbatore, Mumbai, Nagpur, Gurgaon, Navi Mumbai, and Pune.

23. Oracle

Although Oracle is a product-based company, it also does much service-based work in India. It is a software technology corporation headquartered in Austin, Texas, United States, founded in 1977 in California, United States.

Oracle provides services in consulting and cloud platform services. The company was founded by Larry Ellison, Bob Miner, and Ed Oates. Its offices are located in Delhi, Mumbai, Chennai, and Bengaluru.

24. 3i Infotech

3i Infotech is a global IT company headquartered in India with Thompson Gnanam as its CEO. The company started as a subsidiary of ICICI bank. However, in 2002, the company ceased to be a subsidiary of the ICICI Bank and opened its offices in Navi Mumbai, Bengaluru, Chennai, Hyderabad, Delhi, and Noida.

25. Cyient

A global tech giant responsible for engineering and digital technology solutions, Cyient is headquartered in Hyderabad. The company was founded in 1991 by B. V. R. Mohan Reddy, with its offices located in Hyderabad, Bengaluru, Pune, Noida, and other Indian cities.

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Why Join Service-based Companies?

The scope of job opportunities in service-based companies will only increase in the near future. With the ascension of Artificial Intelligence and the need for a solid online presence, companies will require more experts and guarantee them good pay for their services.

Entering a service-based company thus provides so much learning and growing as you will not be tied to a single space. You get to interact with the members of other experts and expand your potential and capabilities.

At a service-based company, you will tackle specific differing requirements from different clients, thus exposing you to variety and richness for unlocking your creativity.

Conclusion

Service-based companies are essential businesses in the fast-growing world, as their services are invaluable to multiple industries and sectors. India is a proud home to these thriving companies providing employment opportunities for tons of highly skilled and knowledgeable candidates in their respective fields. KnowledgeHut PMP certification course will help you ace your PMP exam in the very first go and boost your knowledge further.

Frequently Asked Questions (FAQs)

1. Which is the largest service company?

Accenture remains the largest Information Technology service company due to its high brand value.

2. Which service company gives the highest salary?

Infosys is one of the top IT and outsourcing service industries that also promises one of the highest salary packages in India for almost all positions.

3. What are examples of service-based companies?

Examples of famous service-based companies are TATA Consultancy Services, Deloitte, Accenture, and many more.

4. What is a service-based company?

A service-based company focuses on providing specialized services to its clients by applying skills, knowledge, and resources. It provides information technology services, digital solutions, web and software development, management, strategic solutions, etc.

Yashil Garg

Blog Author

Yashil Garg - An Experienced Content Marketer with a demonstrated history of half a decade working in diverse industries such as information technology and web development, Edtech, BSFI and Marketing.

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