Best IT Stocks in India to Add to Your Watchlist

#1 TCS

First on the list is Tata Consultancy Services.

Tata Consultancy Services is the flagship company and a part of the Tata group.

TCS is an IT services, consulting and business solutions organisation partnering with many of the world's largest businesses in their transformational journeys for the last 57 years.

With a global presence and deep domain expertise across multiple industry verticals, TCS offers a comprehensive portfolio of application development and management, digital transformation, AI, data and cloud services, engineering services, cognitive business operations, cyber security, and products & platforms - targeting every C-suite stakeholder.

TCS has a strong global footprint with operations across six continents and a workforce representing 152 nationalities.

Its geographic presence spans North America, Latin America, the UK, Continental Europe, Asia Pacific, India, and the Middle East & Africa, underlining its diversified revenue base and global delivery capabilities.

According to its FY25 annual report, TCS emerged as the second global IT services brand to cross the US$ 20 bn mark in brand value, reaching US$ 21.3 bn, as per Brand Finance.

Since 2010, the company's brand value has grown by 826%, reinforcing its leadership position in the global IT services industry.

On the financial front, over the past five years the company's revenue has seen a growth of 10.2%, meanwhile, net profit grew at a CAGR of 8.5%.

The company's five-year average ROE and ROCE stand at 46% and 62.6%.

TCS's Financial Snapshot

Going forward, the company plans to expand its technology ecosystem.

For more details, see the TCS company fact sheet and quarterly results.

#2 Infosys

Next on the list is Infosys.

According to its FY25 annual report, Infosys is a global leader in next-generation digital services and consulting, with a strong focus on delivering AI, cloud, and other digital solutions across industry verticals in more than 59 countries.

The company enables clients through an AI-first foundation while scaling enterprise AI, cloud, and digital technologies to deliver higher performance and enhanced customer experience.

Infosys pioneered the Global Delivery Model and was the first Indian IT company to be listed on NASDAQ, marking a key milestone in India's IT services evolution.

On the financial front, over the past five years the company's revenue has seen a growth of 12.4%, meanwhile, net profit grew at a CAGR of 10%.

The company's five-year average ROE and ROCE stand at 29.2% and 40.6%.

Infosys' Financial Snapshot

Looking ahead, the company is prioritising an AI-first strategy to support clients in their transition to artificial intelligence. Agentic AI has become central to client engagements, with Infosys seeing a strong business case for improving operational efficiency and customer outcomes.

At the same time, Infosys continues to strengthen its cloud capabilities, with an increased focus on cloud advisory, data on cloud, cloud security, SaaS, PaaS, IaaS, and private cloud solutions, positioning the company for sustained growth.

For more details, see the Infosys company fact sheet and quarterly results.

#3 HCL Tech

Next on the list is HCL Tech.

It's a global technology company offering industry-leading capabilities centred around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products.

The company works with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG, Mobility, and Public Services.

The company is a strategic partner to around 50% of Fortune Global 500 companies and 40% of Global 2000 enterprises.

Its enterprise software business is valued at around US$ 1.4 bn and comprises more than 70 products across multiple technology domains. Meanwhile, its delivery capabilities are supported by over 220 global delivery centres spread across 60 countries.

On the financial front, over the past five years the company's revenue has seen a growth of 10.6%, meanwhile, net profit grew at a CAGR of 9.5%.

The company's five-year average ROE and ROCE stand at 22.3% and 29.3% respectively.

HCL Tech's Financial Snapshot

Going forward, HCL Tech plans to continue developing market-ready solutions and offerings aimed at setting new industry standards.

The company also intends to enhance its AI Force Agentic Tech platform by integrating Service Level Management (SLM) for IT operations, enabling a more efficient, scalable, and outcome-driven delivery model.

For more details, see the HCL Technologies company fact sheet and quarterly results.

#4 Wipro

Next on the list is Wipro.

The company is a leading global end-to-end IT transformation, consulting, and business process services provider, with decades of experience and a pioneering presence in the Indian market.

It leverages applications, cognitive computing, hyper-automation, robotics, cloud, analytics, and other emerging technologies to deliver comprehensive technology-led solutions.

Its broad IT services portfolio spans digital, analytics, consulting, systems integration, application development and maintenance, technology infrastructure services, package implementation, R&D services, and more.

With a global workforce of over 230,000 professionals across 65 countries, the company maintains a strong international delivery network.

On the financial front, over the past five years the company's revenue has seen a growth of 25.%, meanwhile, net profit grew at a CAGR of 16.3%.

The company's five-year average ROE and ROCE stand at 12.7 and 17.8%.

Wipro's Financial Snapshot

Going forward, the company seeks to deepen relationships with existing clients by expanding the range and complexity of services offered, aiming to drive higher wallet share and long-term growth.

For more details, see the Wipro company fact sheet and quarterly results.

Conclusion

According to India Brand Equity Foundation (IBEF), India's technology industry is on track to double its revenue to around Rs 43,100 bn (US$ 500 bn) by 2030, underscoring the sector's long-term growth potential.

Rising demand for AI-led solutions, cloud modernisation, and the rapid expansion of Global Capability Centres (GCCs) are expected to be key growth drivers.

In addition, the wide adoption of cloud services, cybersecurity, and analytics continues to provide structural support, which is set to bolster the performance of Indian IT stocks over the long term.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Happy investing.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...