Ranking first on the list of the largest software companies in India by market cap is Tata Elxsi. The company was established on May 5, 1989, in Bangalore, India's Silicon Valley; with the idea to develop and promote electronics, embedded systems, and software applications. The goal was to promote innovation in the fast-expanding IT business and to accelerate the adoption of cutting-edge technology. Tata Elxsi is today known around the world as a leading engineering services supplier and a pioneer in the automotive, media, broadcast, communications, and healthcare industries.

Tata Elxsi is a global pioneer in design and technology services for industries ranging from automotive to broadcast, transportation, communication and healthcare. Using design thinking and the use of digital technologies such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality, and Artificial Intelligence, Tata Elxsi helps the customer in reimagining their products and services.

Tata Elxsi combines the greatest technology and user-centric design expertise to assist customers in creating new solutions and outstanding consumer experiences. Its integrated Design and Technology teams assist businesses in reimagining their products and services, from strategy to consumer research and insights, service and experience design, technology implementation, integration, launch, and beyond. This is backed by world-class product development processes and methodologies that have developed and grown over the last 30 years; as well as a global ecosystem of partners, and design studios, that help the most recent technological tools, and drive greater faster time-to-market for customers.

Founded: 1989
Headquarters: Bengaluru, India
Website: https://tataelxsi.com/

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https://www.kpit.com/KPIT Technologies is a worldwide automotive and mobility ecosystem partner, specializing in the development of software-defined vehicles. It is an important independent software development and integration partner assisting mobility in shifting to a clean, smart, and safe future.

KPIT holds 58 patents, has published multiple research papers, and has garnered numerous innovation awards. KPIT's business is structured into six domains: Autonomous Driving, Connected Vehicles, Electric & Conventional Powertrain, Vehicle Diagnostics, AUTOSAR, and Mechatronics. KPIT's software solutions have been incorporated by BMW, Cummins, Paccar, Lafarge, GM, DICV, and other firms, including Revolo, the first ARAI-certified JNNURM II-compliant On-Bus intelligent transport system.

KPIT accelerates its clients' implementation of next-generation technologies for the future mobility roadmap by using its global network of 10000+ expert staff specialized in embedded software, AI, and digital solutions. KPIT partners with automotive and mobility leaders and is present where the ecosystem is expanding, with engineering centers in Europe, the United States, Japan, China, Thailand, and India.

Founded: 1990

Headquarters: Pune, Maharashtra, India

Website: https://www.kpit.com/

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Coforge, originally NIIT Technologies, is a worldwide Indian information technology firm with offices in Noida, India, and New Jersey, USA. Coforge is a global provider of digital services and solutions that support customers in making changes at the intersection of domain expertise and new technology in order to make a real-world business impact.

Coforge is a product engineering industry leader, turning client businesses into intelligent, high-growth corporations via the use of Cloud, Data, Integration, and Automation technologies. Coforge has created the "Shiksha" CSR initiative in collaboration with the NIIT Foundation. Coforge's four operational centers impact the lives of roughly 5000 impoverished youngsters each year by delivering a variety of IT Skills and Employability Training. Not only that, the group has contributed to the fight against climate change by sponsoring the restoration of Neknampur Lake, a 98-acre lake in Telangana state.

Awards and accolades have played a vital role in Coforge's growth. The organization has been recognized in some important ways at the national and global levels, including its industry performance, outsourcing leadership, progress in specific industry verticals, and robust HR practices. The two latest awards it has received are Coforge Partners with Transcard to Help Insurers Automate their Disbursements and Collections and Duck Creek Technologies 2022 Innovation Award.

Founded: 1992
Headquarters: Noida, Uttar Pradesh, India
Website: https://www.coforge.com/

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MapmyIndia is the next name that is listed among the largest software companies in India by market cap. It is India's top provider of digital maps, geospatial software, and location-based Internet of Things (IoT) technologies. Rakesh and Rashmi Verma, company founders, forecasted in 1995 that 80% of all data will contain a location component. This determination put in motion a long and arduous path of digitally mapping India's complex landscape.

Today, the company's maps and location technologies touch hundreds of millions of people every day through customers, who include global tech giants, cutting-edge consumer internet technology companies, leading automotive manufacturers, large businesses in industries such as BFSI, telecom, FMCG, industrial, logistics and transportation, and key government organizations.

MapmyIndia provides desktop and mobile navigation, tracking, IoT, analytics, and online mapping solutions. The firm also provides powerful GPS tracking devices, in-dash infotainment systems, and plug-and-play on-board diagnostics car trackers. The navigation service includes street view, public transit information, and turn-by-turn guidance for automobiles with spoken instructions. It later released Navimaps, an offline navigation tool that uses offline vector data to provide 3D terrains and city models, as well as 3D building for in-car infotainment systems.

Founded: 1995

Headquarters: Okhla Phase-III, New Delhi, India

Website: https://www.mapmyindia.com/

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Mastek is a digital engineering and cloud transformation firm with operations in 40 countries. With approximately 5,810 employees worldwide, the firm provides digital transformation services and software to large public and private companies. The headquarters of the firm are in Mumbai, Maharashtra.

Mastek is an enterprise digital and cloud transformation expert with customers in 40 countries, including the United Kingdom, Europe, the United States, the Middle East, Asia Pacific, and India. By unlocking the potential of data, modernizing applications, and driving digital advantage for its clients, it helps organizations navigate the digital world and remain competitive.

Mastek announced cooperation with AI startup Netail in March 2023 to help e-commerce and omnichannel businesses in improving their retail value chain. Mastek also partnered with King Faisal Specialist Hospital and Research Centre in January 2023 to make these changes in their healthcare services. Information Services Group (ISG), a worldwide technology research and consultancy business, has honored the company with the 2022 ISG Digital Case Study Award for its digital transformation efforts with enterprise customers.

Founded: 1982
Headquarters: Mumbai, Maharashtra, India
Website: https://www.mastek.com/

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Cigniti Technologies Ltd is one of the largest software companies in India by market cap and is the world's leading AI & IP-led Digital Assurance and Digital Engineering services provider, helping global corporations across industries continually accelerate their Digital Transformation and become Digital-First. Its headquarters are in Hyderabad, India, and its team of 4,100+ professionals is spread across the United States, United Kingdom, Australia, Canada, the United Arab Emirates, the Czech Republic, South Africa, and Singapore.

Cigniti Technologies provides end-to-end Digital Assurance and Digital Engineering services to worldwide organizations in industries such as BFSI, HCLS, Retail, TTH, ISVs, and others. Its strategic Digital Assurance, Quality Engineering, Advisory & Transformation, and Quality Assurance services assist organizations in achieving the best digital transformation strategies and accelerating the launch of secure applications. It helps forecast and avoid unanticipated failures by employing AI-driven, proprietary Continuous Testing & Test Automation solutions, thus improving engagement for user experience.

Its modernized AI-driven Quality Engineering approaches address the business demands of scalability, dependability, and assured continuity - ensuring the safety, security, and performance of business applications and data, resulting in empowered business resilience. Its ongoing digital transformation assistance can help businesses in the following ways Experience quality engineering powered by AI; Provide an exceptional digital customer experience for your users; Use the IP BlueSwanTM to have access to continuous testing services based on artificial intelligence and ML; Increase the resilience of your business.

Founded: 1998

Headquarters: Hyderabad, India

Website: https://www.cigniti.com/

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Accelya is a prominent provider of travel and transportation technology products and services. By using its technology, data, and industry knowledge, Accelya helps airline and travel companies manage their financial operations and obtain insights into their company performance. Accelya's products and services help them to anticipate, adapt, and accelerate in order to remain on top of change in a challenging market.

Accelya works with airlines from the time a ticket or air waybill is issued, all the way through the data's life cycle until it is converted into actionable decision support. Accelya provides financial, commercial, cargo, and analytics solutions and has over 40 years of proven innovation and delivery. They include BSP Processing, Payment Management, Revenue Accounting, Audit & Revenue Recovery, Cost Management, Cargo Operations, Revenue Management, Business Intelligence, and Analytics.

The company supports airlines in operating safely, securely, efficiently, and cost-effectively following clearly defined rules. Professional assistance is provided to all industry stakeholders in the way of a diverse range of products and professional services. Following the estimate, Accelya provides mission-critical solutions for budgeting and managing over 5 billion financial transactions and 75 million tons of cargo every year.

Founded: 1976
Headquarters: Mumbai, India
Website: https://w3.accelya.com/

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Nucleus Software provides lending and transaction banking products to the worldwide financial services market. Since 1986, it has been a pioneer in retail and corporate banking software, combining deep expertise with an unmatched track record and a total commitment to establishing long-term relationships with clients. Its software powers the operations of over 200 financial institutions in over 50 countries, covering retail lending, corporate banking, cash management, mobile and internet banking, automobile financing, and other business sectors.

Nucleus Software is well-known for its world-class lending and transaction banking technology expertise and innovation. Its two flagship products, designed using cutting-edge technology, are: FinnOne has been named the World's Best Selling Lending Solution ten times. And FinnAxia is a global transaction banking system utilized by banks throughout the world to provide efficient and innovative global payments and receivables, liquidity management, and business Internet banking services.

With changing market dynamics, the company concentrates on product innovation with a desire for excellence and a total commitment to providing world-class products to its consumers. Many strategic projects are ongoing to strengthen operational processes, as well as staff empowerment and co-creation initiatives aimed at enhancing customer centricity.

Founded: 1986

Headquarters: Noida, Uttar Pradesh, India

Website: https://www.nucleussoftware.com/

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The end of the list of the largest software companies in India by market cap is eMudhra, the company was founded in 2008 with the goal of accelerating the world's transition to a safe integrated digital society based on digital identity and trust. Employees, customers, and vendors are increasingly expecting real-time and secure interactions, whether for onboarding, getting a loan, signing a contract, or making online payments. Its solutions, developed over a decade of research and development, utilize digital identity, trust, and AI to enable you to provide excellent customer experiences while saving money and improving security, compliance, and governance.

During the last decade, eMudhra has earned a reputation as an innovative, consumer-oriented that has pioneered methods to improve the way consumers interact with large organizations, including the government. eMudhra tries to stay relevant by using a market-based strategy to drive solutions that satisfy its customer's demands and improve their ease of use.

Furthermore, eMudhra is a public CA/Trust Service Provider and certified CA in numerous jurisdictions that issue user certificates, SSL certificates, and IoT certificates. eMudhra works with governments and banks all across the world to help them achieve paperless transformation. It has issued more than 50 million digital Id numbers and has corporate clients in more than 21 countries that utilize its identity, authentication, and paperless systems.

Founded: 2008
Headquarters: Bangalore, India
Website: https://emudhra.com/

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