IT Services & Outsourcing

Top 50 Software Development Companies: 2026 Edition

The 50 largest software development companies of 2026, ranked by latest fiscal-year revenue from filings, then by published headcount.

A software development company is a firm whose main business is designing, building, testing and maintaining software to a client's specification, as opposed to selling its own packaged products. The largest such firms are IT services groups that run application development and maintenance for banks, governments, manufacturers and technology companies; below them sits a long tail of specialist engineering houses that build digital products for mid-sized companies and start-ups.

This list ranks 50 of them. The first 34 are ordered by revenue for their latest complete fiscal year as published in annual reports, securities filings or results releases, converted to US dollars where necessary. The remaining 16 are privately held or did not have a verifiable full-year total available, and are ordered by the headcount they publish. Accenture leads with US$74.18 billion in fiscal 2026 revenue; the smallest ranked-by-revenue entry, Happiest Minds, reported ₹2,315 crore.

Contents
  1. Overview
  2. Market context
  3. How the ranking was built
  4. Methodology
  5. The list
  6. Full ranking table
  7. By country
  8. Notable changes in 2026
  9. Frequently asked questions
  10. See also

At a glance

  1. Accenture — Large enterprises buying engineering, cloud and operations at global scale
  2. NTT DATA Group — Public sector, banking and enterprises in Japan and with global footprints
  3. Tata Consultancy Services — Global enterprises seeking large offshore engineering capacity
  4. Capgemini — European and global enterprises needing engineering plus consulting
  5. Cognizant — North American enterprises in healthcare, banking and insurance
  6. Infosys — Enterprises wanting a large offshore partner reporting in US dollars
  7. HCLTech — Clients mixing application work, engineering R&D and infrastructure
  8. CGI — Governments and regulated industries in North America and Europe
  9. Wipro — Enterprises wanting application, cloud and consulting work from one supplier
  10. Sopra Steria — European public bodies, banks and aerospace firms
  11. Tech Mahindra — Telecom operators and enterprises needing network and application work
  12. EPAM Systems — Product companies and enterprises needing senior engineering teams
  13. LTM (formerly LTIMindtree) — Enterprises in BFSI, manufacturing and media seeking mid-to-large programmes
  14. Alten — Automotive, aerospace and energy firms outsourcing R&D software
  15. Reply — European clients wanting specialist teams in data, cloud and AI
  16. Globant — Consumer brands, media and financial firms commissioning digital products
  17. Coforge — Insurers, banks and travel companies
  18. Mphasis — Banks, insurers and logistics firms modernising core systems
  19. adesso — German-speaking public bodies, insurers and banks
  20. Persistent Systems — Software vendors and enterprises needing product engineering
  21. Hexaware Technologies — Mid-market and large enterprises seeking automation-led delivery
  22. L&T Technology Services — Automotive, plant, medical and telecom companies outsourcing engineering
  23. Nagarro — Mid-size and large firms wanting agile engineering teams
  24. Endava — Payments, banking and mobility clients
  25. GFT Technologies — Banks and insurers modernising core systems
  26. KPIT Technologies — Car makers and suppliers developing software-defined vehicles
  27. Aubay — Banks and insurers in France, Italy, Spain and Benelux
  28. Zensar Technologies — Hi-tech, manufacturing and financial clients in the US and UK
  29. Knowit — Nordic public bodies and enterprises
  30. Kainos — UK government departments, the NHS and Workday customers
  31. CI&T — Consumer-goods and financial firms in the Americas
  32. Tata Elxsi — Car makers, broadcasters and medical-device firms
  33. Grid Dynamics — Retailers and technology companies with complex data platforms
  34. Happiest Minds Technologies — Edtech, healthcare and BFSI clients needing product engineering
  35. Softtek — North American firms wanting nearshore teams in the same time zones
  36. Birlasoft — Manufacturing, life-sciences and energy firms running ERP programmes
  37. Thoughtworks — Organisations modernising platforms and engineering culture
  38. Netcompany — Nordic and EU public authorities and banks
  39. DataArt — Financial, travel and media firms
  40. Xebia — Enterprises seeking cloud, data and agile engineering
  41. Innowise — Mid-market firms outsourcing full product builds
  42. Itransition — Enterprises needing enterprise-application and custom development
  43. Vention — Start-ups and scale-ups building product teams quickly
  44. N-iX — Enterprises seeking Eastern European engineering capacity
  45. 10Pearls — Start-ups and mid-sized firms needing product teams
  46. Mindera — Companies needing mobile and product engineering
  47. ScienceSoft — Healthcare, banking and retail firms needing custom builds
  48. STX Next — Companies building Python, data and AI products
  49. Netguru — Start-ups and enterprises building digital products
  50. Leobit — SMEs and software vendors needing .NET and web engineering

Overview

Software development services cover the commissioning of custom software: requirements analysis, architecture, coding, testing, deployment and the long tail of maintenance and enhancement. Large providers package this as application development and maintenance (ADM), usually priced on multi-year contracts and delivered by a mix of onshore consultants and offshore teams. Smaller firms more often sell dedicated product teams or fixed-scope projects to companies that lack in-house engineering capacity.

The category overlaps with several adjacent ones. IT consulting firms advise on technology strategy without necessarily writing code; managed IT services providers run infrastructure and help desks; engineering R&D services firms write embedded software for vehicles and devices; and web development agencies build marketing sites and smaller applications. Companies that mainly sell their own software products, such as enterprise software vendors, are excluded from this list even when they have consulting arms. Large diversified groups such as IBM, Fujitsu and DXC Technology were also left out because custom development is not their main business.

Scope decisions

Several of the largest entries earn part of their revenue outside software development. NTT DATA includes a data-centre business, Capgemini and Cognizant run business-process operations, and HCLTech sells software products. They are included because application development and engineering remain their largest activities, but readers comparing pure-play developers should look at the firms from EPAM downward. Alten, L&T Technology Services, KPIT and Tata Elxsi are engineering-services specialists whose work is predominantly embedded and product software.

Market context

The sector entered 2026 after two slow years. Several of the largest firms reported low single-digit or negative growth: Capgemini's revenue rose 1.7% in 2025, Sopra Steria's fell 2.2%, Alten's fell 1.1% and 4.5% like-for-like, and TCS recorded its first annual constant-currency decline as a listed company. Knowit's net sales fell 9.6%. Growth was concentrated in firms that bought scale or specialised early: Coforge grew 29.2% in fiscal 2026, Persistent 17.4%, Grid Dynamics 17.5%, Kainos 17% and EPAM 15%, the last partly through its NEORIS acquisition.

Consolidation

Acquisitions continued to reshape the top of the table. Capgemini spent €3.8 billion on acquisitions in 2025, mainly WNS, adding about 82,300 people to its headcount. Accenture invested US$4.9 billion across 17 acquisitions in fiscal 2026. EPAM paid US$626.3 million for NEORIS, Cognizant recorded the 3Cloud purchase in January 2026 and Kainos bought Davis Pier. Ownership changes also affected well-known names: GlobalLogic was merged with Hitachi Digital Services under the Hitachi Digital brand on 28 October 2026.

Generative AI

Every large provider now reports AI-related work. TCS cited annualised AI revenue in its fiscal 2026 commentary, GFT reported its Wynxx agentic-AI platform at 92 clients and Hexaware was named a Visionary in Gartner's 2026 Magic Quadrant for Custom Software Development Services. The shift matters for the business model: AI-assisted coding lowers the effort per feature, which pressures revenue from time-and-materials contracts even as it creates new work in data engineering and AI integration.

How the ranking was built

Revenue for each firm's latest complete fiscal year was taken from annual reports, SEC filings (10-K, 20-F and 6-K), stock-exchange documents or company results releases. Where those were unreachable, a named press report of the results was used and is identified in the entry. Fiscal years differ: Indian companies report years ending 31 March (fiscal 2026 ended 31 March 2026), Accenture's year ends 31 August, CGI's 30 September and Endava's 30 June, while most European and US firms use calendar 2025.

Where a company publishes revenue in US dollars, that figure is used directly. Other figures were converted at the 2025 annual average rates published by the US Federal Reserve: US$1.1306 per euro, US$1.3192 per pound, 87.1468 rupees, 149.5686 yen, 1.3973 Canadian dollars and 9.8060 Swedish kronor per US dollar. TCS, HCLTech, Wipro, LTM, Mphasis, Tata Elxsi and Happiest Minds were converted from their rupee totals; this can differ by a few percent from the dollar figures those companies publish themselves. Firms that publish no revenue, or whose full-year total could not be confirmed from a primary source, follow in order of the headcount they publish; those figures are self-reported, often rounded and not always dated.

Methodology

Eligibility: the firm's main business is building or maintaining custom software for clients (including engineering R&D software), it operates under the name shown, and it publishes either audited revenue or a headcount. Ranks 1-34 are ordered strictly by latest full fiscal-year revenue in US dollars, converted at 2025 Federal Reserve annual average rates where needed. Ranks 35-50 are ordered by published headcount. Endava is ranked on its fiscal 2025 accounts because it delayed fiscal 2026 reporting pending a restatement. Tech Mahindra and Sopra Steria differ by less than US$1 million after conversion. No figures were estimated.

The list

1

Accenture

Best for: Large enterprises buying engineering, cloud and operations at global scale

Accenture is a professional services company whose principal executive offices are in Dublin, Ireland. Its custom software work sits inside a much broader offer that also spans strategy consulting, cloud migration, managed operations and industry platforms, which is why it tops any revenue ranking of firms that build software for clients. In the fiscal year ended 31 August 2026 it reported revenues of US$74.18 billion, up from US$69.67 billion a year earlier, and employed approximately 814,000 people. The 10-K records US$4.9 billion invested across 17 strategic acquisitions in fiscal 2026, alongside spending on research and development and training. The firm's size means engagements typically run through large multi-year programmes rather than small product builds.

Services

  • Application development and modernisation
  • Cloud and data engineering
  • AI and generative-AI implementation
  • Managed services and operations
  • Industry consulting
Revenue (FY2026)
US$74.18bn
Employees
c. 814,000 (31 Aug 2026)
Headquarters
Dublin, Ireland
Listed on
New York Stock Exchange (ACN)
Core services
Consulting, technology, operations
2

NTT DATA Group

Best for: Public sector, banking and enterprises in Japan and with global footprints

NTT DATA Group is the IT services subsidiary of the NTT telecommunications group and one of the largest systems integrators in the world. Its business combines custom system development for Japanese government, financial and corporate clients with a large overseas segment. For the fiscal year ended 31 March 2026 (which the company calls FY2025) it reported net sales of ¥5,004.6 billion, up 7.9% year on year, and operating profit of ¥488.2 billion; both figures were company records. New orders received reached ¥6,010.5 billion, a figure that includes its data-centre business. That data-centre activity means not all of the revenue counted here is software engineering, a caveat that applies to several of the largest entries.

Services

  • Custom systems development
  • Consulting and systems integration
  • Managed IT services
  • Data-centre services
  • Enterprise application implementation
Revenue (FY2025, to Mar 2026)
¥5,004.6bn (≈US$33.5bn)
Headquarters
Tokyo, Japan
Core services
Systems integration, application development, managed services, data centres
3

Tata Consultancy Services

Best for: Global enterprises seeking large offshore engineering capacity

Tata Consultancy Services (TCS) is the IT services company of the Tata group and the largest Indian provider of outsourced software development and maintenance. Its model relies on large delivery centres in India serving clients in North America, the United Kingdom and continental Europe, with application development and maintenance as the historic core. For the fiscal year ended March 2026 it reported revenue of ₹2,67,021 crore and a workforce of 584,519 at year end. Coverage of the results noted that full-year revenue fell in constant-currency terms, the first such annual decline in the company's listed history, even as fourth-quarter revenue recovered. The figure used here is the rupee total converted at the 2025 average rate.

Services

  • Application development and maintenance
  • Cloud and infrastructure services
  • AI and data services
  • Enterprise platforms (SAP, Oracle, Salesforce)
  • Business process services
Revenue (FY2026)
₹2,67,021 crore (≈US$30.6bn)
Employees
584,519 (31 Mar 2026)
Headquarters
India
Core services
Application development and maintenance, cloud, AI, BPS
4

Capgemini

Best for: European and global enterprises needing engineering plus consulting

Capgemini is a French consulting and technology services group whose results are issued from Paris. Its custom software engineering is delivered through application services, cloud and data practices and the Capgemini Engineering unit, which works on product and embedded software for manufacturers. Revenue for 2025 was €22,465 million, up 1.7% reported and 3.4% at constant exchange rates. Headcount rose by 82,300 to 423,400 at the end of 2025, mainly because of the integration of WNS, the business-process company acquired in the fourth quarter. The company reported €3.8 billion spent on acquisitions in the year, principally WNS, which shifts its mix further toward operations work.

Services

  • Custom application development and management
  • Product and embedded engineering (Capgemini Engineering)
  • Cloud and data
  • Consulting
  • Business operations (including WNS)
Revenue (FY2025)
€22,465m (≈US$25.4bn)
Employees
423,400 (31 Dec 2025)
Headquarters
Paris, France
Core services
Application services, engineering R&D, cloud, consulting, operations
5

Cognizant

Best for: North American enterprises in healthcare, banking and insurance

Cognizant Technology Solutions has its worldwide headquarters in Teaneck, New Jersey, and delivers most of its work from India, where 256,900 of its approximately 351,600 employees were based at the end of 2025. Its revenue of US$21.11 billion in 2025 was up from US$19.74 billion in 2024. The company is strongest in healthcare and financial services, where it builds and maintains large application estates, and it has added engineering capability through acquisitions such as Belcan in August 2024 and 3Cloud, which the 2025 10-K records as a subsequent event in January 2026. Voluntary attrition in its tech services workforce fell to 13.9% in 2025 from 15.9% in 2024.

Services

  • Application development and maintenance
  • Digital engineering
  • Cloud and data modernisation
  • Industry platforms for healthcare and banking
  • Business process services
Revenue (FY2025)
US$21.11bn
Employees
c. 351,600 (31 Dec 2025)
Headquarters
Teaneck, New Jersey, US
Listed on
Nasdaq (CTSH)
Core services
Application development and maintenance, digital engineering, cloud, BPO
6

Infosys

Best for: Enterprises wanting a large offshore partner reporting in US dollars

Infosys was incorporated in Pune in 1981 and today has its principal executive offices in Electronics City, Bengaluru. It is the second-largest Indian IT services firm and reports under IFRS in US dollars. Total revenues for fiscal 2026 were US$20,158 million, compared with US$19,277 million in fiscal 2025; 97.1% came from services delivered outside India. At 31 March 2026 it had 328,594 employees, of whom 310,887 were professionals involved in service delivery. Infosys builds and maintains custom applications for financial services, retail, manufacturing and communications clients and also sells Finacle banking software, a product line that sits outside pure services.

Services

  • Application development and maintenance
  • Cloud (Cobalt) and infrastructure
  • AI and data services
  • Engineering services
  • Banking software (Finacle)
Revenue (FY2026)
US$20,158m
Employees
328,594 (31 Mar 2026)
Headquarters
Bengaluru, India
Founded
1981
Listed on
NSE, BSE, NYSE (INFY)
Core services
Application services, cloud, AI, engineering, Finacle
7

HCLTech

Best for: Clients mixing application work, engineering R&D and infrastructure

HCLTech (HCL Technologies) is an Indian IT services company that combines application development, engineering and R&D services, infrastructure management and a software-products division. Its fiscal 2026 revenue rose 11.18% to ₹1,30,144 crore, and net headcount reached 227,181 after 3,761 net additions during the year. Its engineering and R&D services unit, which writes embedded and product software for technology, automotive and medical-device makers, is one of the largest in the sector. Its HCLSoftware segment means part of the revenue is licences and support rather than custom development. Results for the fourth quarter were announced on 21 April 2026.

Services

  • Application development and modernisation
  • Engineering and R&D services
  • Infrastructure and cloud management
  • Digital process operations
  • Software products (HCLSoftware)
Revenue (FY2026)
₹1,30,144 crore (≈US$14.9bn)
Employees
227,181 (31 Mar 2026)
Headquarters
India
Core services
IT services, engineering R&D, software products
8

CGI

Best for: Governments and regulated industries in North America and Europe

CGI was founded in 1976 and describes itself as one of the largest independent IT and business consulting services firms. Headquartered in Montréal, it combines systems integration and custom development with managed IT, business process services and its own intellectual-property solutions, and it is particularly strong with governments in Canada, the United States, the United Kingdom and the Nordics. For fiscal 2026, ended 30 September 2026, CGI reported revenue of C$16.57 billion, up 4.2% (2.2% in constant currency). It had approximately 94,000 consultants and professionals at year end and reported a trailing twelve-month book-to-bill ratio of 105.6%. The results were released in November 2026.

Services

  • IT and business consulting
  • Systems integration and custom development
  • Managed IT and business process services
  • Proprietary IP-based solutions
Revenue (FY2026)
C$16.57bn (≈US$11.9bn)
Employees
c. 94,000 (30 Sep 2026)
Headquarters
Montréal, Canada
Founded
1976
Listed on
TSX (GIB.A), NYSE (GIB)
Core services
Consulting, systems integration, managed IT, IP solutions
9

Wipro

Best for: Enterprises wanting application, cloud and consulting work from one supplier

Wipro was incorporated on 29 December 1945 as Western India Vegetable Products Limited and is now an IT services company headquartered on Sarjapur Road, Bengaluru. Its fiscal 2026 consolidated revenues were ₹926,240 million, up from ₹890,884 million the previous year. The company reported more than 240,000 employees at 31 March 2026, against more than 230,000 a year earlier. Wipro's custom development work covers application modernisation, cloud migration and AI implementation for banking, consumer, energy and healthcare clients. It files an annual report with the SEC on Form 20-F, which is the source used here.

Services

  • Application development and modernisation
  • Cloud and infrastructure
  • AI and data
  • Consulting
  • Engineering services
Revenue (FY2026)
₹926,240m (≈US$10.6bn)
Employees
more than 240,000 (31 Mar 2026)
Headquarters
Bengaluru, India
Founded
1945 (incorporated)
Listed on
NSE, BSE, NYSE (WIT)
Core services
Application services, cloud, consulting, engineering
10

Sopra Steria

Best for: European public bodies, banks and aerospace firms

Sopra Steria Group is a French digital services company listed on Euronext Paris, with its results issued from Paris. It develops and maintains custom systems for governments, banks, defence and aerospace companies, and also sells banking and human-resources software. Full-year 2025 revenue was €5,648.0 million, down 2.2% on both a reported and an organic basis, though organic growth turned positive in the fourth quarter at 1.8%. Headcount stood at 51,275 at the end of 2025, with 8,484 employees in international service centres; the acquisitions of Neocase and Aurexia added 230 people. Rajesh Krishnamurthy is chief executive.

Services

  • Consulting
  • Systems integration and custom development
  • Banking and HR software
  • Cloud and infrastructure management
  • Business process services
Revenue (FY2025)
€5,648.0m (≈US$6.39bn)
Employees
51,275 (31 Dec 2025)
Headquarters
Paris, France
Listed on
Euronext Paris (SOP)
Core services
Consulting, systems integration, software, BPS
11

Tech Mahindra

Best for: Telecom operators and enterprises needing network and application work

Tech Mahindra is the IT services company of the Mahindra group and has historically been strongest in telecommunications, where it builds and maintains operator systems, alongside manufacturing, banking and healthcare. For fiscal 2026 it reported revenue of US$6,385 million (₹56,815 crore, up 7.2%). Headcount was 147,623 at 31 March 2026, 1,108 lower than a year earlier. Under chief executive Mohit Joshi, the company reported US$3,794 million of deal wins in fiscal 2026, its highest in five years. Its revenue in US dollars sits within 0.01% of Sopra Steria's converted total, so the order of those two entries depends on the exchange-rate rule.

Services

  • Telecom network and BSS/OSS services
  • Application development and modernisation
  • Engineering services
  • Cloud and infrastructure
  • Business process services
Revenue (FY2026)
US$6,385m
Employees
147,623 (31 Mar 2026)
Headquarters
India
Core services
Communications, enterprise applications, engineering, BPS
12

EPAM Systems

Best for: Product companies and enterprises needing senior engineering teams

EPAM Systems is a software engineering services company whose predecessor was founded in 1993; it was incorporated in Delaware in 2002 and has its principal executive offices in Newtown, Pennsylvania. Revenue for 2025 was US$5.46 billion, up from US$4.73 billion in 2024, helped by the acquisition of NEORIS, a Latin American and Spanish consultancy with about 4,800 professionals, bought for US$626.3 million. EPAM had approximately 62,850 employees at the end of 2025. An employment agreement with Balazs Fejes, its new chief executive, was filed in September 2025.

Services

  • Custom software and platform engineering
  • Data and AI engineering
  • Cloud and DevOps
  • Experience design
  • Digital consulting
Revenue (FY2025)
US$5,457m
Employees
c. 62,850 (31 Dec 2025)
Headquarters
Newtown, Pennsylvania, US
Founded
1993
Listed on
NYSE (EPAM)
Core services
Software engineering, digital platforms, data and AI, consulting
13

LTM (formerly LTIMindtree)

Best for: Enterprises in BFSI, manufacturing and media seeking mid-to-large programmes

LTM, the company formerly known as LTIMindtree, is the IT services subsidiary of the Larsen & Toubro engineering group, providing application development, cloud, data and enterprise-platform services, with banking, insurance and manufacturing as major sectors. For fiscal 2026 it reported revenue of ₹42,307.6 crore, up 11.31%, and a headcount of 87,950 at year end, according to results coverage. Venu Lambu is chief executive and managing director. The revenue figure is taken from a market-news report rather than the company's own release, and is converted from rupees for the ranking.

Services

  • Application development and maintenance
  • Cloud and infrastructure
  • Data and AI
  • Enterprise platforms
  • Digital engineering
Revenue (FY2026)
₹42,307.6 crore (≈US$4.85bn)
Employees
87,950 (31 Mar 2026)
Headquarters
India
Core services
Application development, cloud, data, enterprise platforms
14

Alten

Best for: Automotive, aerospace and energy firms outsourcing R&D software

Alten is a Paris-based engineering and technology consulting group; much of its work is embedded and product software for automotive, aerospace, rail, energy and life-sciences clients, alongside mechanical and electrical engineering. Revenue for 2025 was €4,099.0 million, down 1.1% reported and 4.5% on a like-for-like basis, with France growing 4.3% and international activity falling 3.7%. Headcount was 57,400 at the end of 2025, compared with 57,700 a year earlier. Operating profit fell after a €67.4 million goodwill impairment and a fine from the French Competition Authority, which Alten is appealing; the results also reflect the Worldgrid acquisition. Because not all of Alten's work is software, it sits at the edge of this list's scope.

Services

  • Embedded and product software
  • Engineering R&D outsourcing
  • IT and digital services
  • Testing and validation
Revenue (FY2025)
€4,099.0m (≈US$4.63bn)
Employees
57,400 (31 Dec 2025)
Headquarters
Paris, France
Core services
Engineering R&D, embedded software, IT services
15

Reply

Best for: European clients wanting specialist teams in data, cloud and AI

Reply S.p.A. is an Italian group organised as a network of small, specialised companies, each focused on a technology such as cloud, data, AI, SAP, cybersecurity or digital experience. Its consolidated turnover for 2025 was €2,483.6 million, an 8.0% increase on €2,300.5 million in 2024. The board approved the draft 2025 accounts on 12 March 2026 and referred to recent partnerships with leading large-language-model producers. The structure lets Reply staff projects from boutique units rather than from a single delivery organisation, but it also makes the group harder to compare with firms that publish a single headcount.

Services

  • Cloud and platform engineering
  • Data and AI
  • SAP and enterprise applications
  • Cybersecurity
  • Digital experience and IoT
Revenue (FY2025)
€2,483.6m (≈US$2.81bn)
Core services
Cloud, data and AI, SAP, security, digital experience
16

Globant

Best for: Consumer brands, media and financial firms commissioning digital products

Globant was founded in Argentina in 2003 by four entrepreneurs, including chairman and chief executive Martín Migoya, and is now domiciled in Luxembourg with its shares listed on the New York Stock Exchange. It builds digital products, platforms and AI-based services, organised in industry-focused units it calls studios. Revenue for 2025 was US$2.45 billion, against US$2.42 billion in 2024, a slowdown from the double-digit growth of earlier years. At 31 December 2025 Globant had 28,773 employees. Its delivery base is concentrated in Latin America, with additional centres in India, Europe and the United States.

Services

  • Digital product engineering
  • AI and data
  • Experience design
  • Cloud and platform modernisation
  • Gaming and media technology
Revenue (FY2025)
US$2,455m
Employees
28,773 (31 Dec 2025)
Headquarters
Luxembourg
Founded
2003, Argentina
Listed on
NYSE (GLOB)
Core services
Digital product engineering, AI, design, cloud
17

Coforge

Best for: Insurers, banks and travel companies

Coforge is an Indian IT services company with offices in Princeton, New Jersey, and Greater Noida. It concentrates on banking, insurance and travel, where it develops and maintains core and digital systems. Revenue for fiscal 2026 grew 29.2% to US$1,870 million (₹16,420.7 crore), the fastest growth among the large Indian entries, and the EBIT margin widened by 370 basis points to 14.4%. Sudhir Singh is chief executive. Headcount figures in the company's release were inconsistent between the operating table and boilerplate, so none is shown here.

Services

  • Application development and maintenance
  • Cloud and infrastructure
  • Data and AI
  • Product engineering
  • Business process services
Revenue (FY2026)
US$1,870m
Headquarters
India
Core services
Application development, cloud, data, BPS for BFSI and travel
18

Mphasis

Best for: Banks, insurers and logistics firms modernising core systems

Mphasis is a Bengaluru-based IT services company listed on the BSE and NSE. Its work is weighted toward banking, financial services and insurance, where it builds and modernises applications and runs cloud migrations, and it also has a sizeable logistics and transportation practice. Revenue for fiscal 2026 was Rs 15,879.65 crore, up 11.59%, and headcount was 27,020 at the end of the fourth quarter. Chief executive Nitin Rakesh reported new deal wins with a total contract value of US$2.1 billion for the year, and the company announced the acquisition of Theory and Practice.

Services

  • Application development and modernisation
  • Cloud transformation
  • AI and data
  • BFSI-specific platforms
  • Infrastructure services
Revenue (FY2026)
Rs 15,879.65 crore (≈US$1.82bn)
Employees
27,020 (31 Mar 2026)
Headquarters
Bengaluru, India
Listed on
BSE (526299), NSE (MPHASIS)
Core services
Application services, cloud, AI, BFSI platforms
19

adesso

Best for: German-speaking public bodies, insurers and banks

adesso SE is a German IT services company headquartered at Adessoplatz 1 in Dortmund. It develops custom software and implements industry platforms for insurers, banks, health insurers, public administration and manufacturers, mostly in Germany, Austria and Switzerland. Revenue for 2025 was €1.47 billion, up 14% from €1.29 billion, with all of the growth organic. Full-time-equivalent staff rose 9% to 11,298 at year end. adesso is one of the few mid-sized European software developers to have kept double-digit growth through 2025.

Services

  • Custom software development
  • IT consulting
  • Insurance and banking solutions
  • Public-sector digitalisation
  • SAP and Microsoft services
Revenue (FY2025)
€1.47bn (≈US$1.66bn)
Employees
11,298 FTE (31 Dec 2025)
Headquarters
Dortmund, Germany
Core services
Custom software, IT consulting, industry solutions
20

Persistent Systems

Best for: Software vendors and enterprises needing product engineering

Persistent Systems is a software engineering company with dual bases in Santa Clara, California, and Pune, India, and its shares trade on the NSE and BSE. It began as an outsourced product-development partner for software vendors and has expanded into enterprise digital engineering for banks, healthcare companies and manufacturers. Revenue for fiscal 2026 was US$1,654.4 million, up 17.4% (₹14,748.45 crore, up 23.5%), and the fourth quarter was its 24th consecutive quarter of growth. The company describes itself as having over 27,500 employees in 18 countries.

Services

  • Software product engineering
  • Enterprise digital engineering
  • Cloud and infrastructure
  • Data and AI
  • Enterprise IT modernisation
Revenue (FY2026)
US$1,654.4m
Employees
over 27,500 (April 2026)
Headquarters
Pune, India
Listed on
NSE (PERSISTENT), BSE (533179)
Core services
Product engineering, digital engineering, cloud, AI
21

Hexaware Technologies

Best for: Mid-market and large enterprises seeking automation-led delivery

Hexaware Technologies is an Indian IT services company that reports on a calendar-year basis and trades on the National Stock Exchange of India. It provides application development and maintenance, cloud and data services and business process work, with an emphasis on automation. Revenue for 2025 was US$1,537.4 million, up 7.6% (₹13,430.4 crore, up 12.2%), and headcount was 33,844 at 31 December 2025. The company closed two capability acquisitions during the year and was named a Visionary in Gartner's 2026 Magic Quadrant for Custom Software Development Services. Srikrishna is chief executive.

Services

  • Application development and maintenance
  • Cloud and infrastructure
  • Data and AI
  • Enterprise platforms
  • Business process services
Revenue (CY2025)
US$1,537.4m
Employees
33,844 (31 Dec 2025)
Headquarters
India
Listed on
NSE (HEXT)
Core services
Application services, cloud, data and AI, BPS
22

L&T Technology Services

Best for: Automotive, plant, medical and telecom companies outsourcing engineering

L&T Technology Services (LTTS) is the engineering research and development services company of the Larsen & Toubro group. It writes embedded and product software and provides digital engineering for transportation, industrial products, medical devices, telecom and hi-tech clients, as well as plant engineering. For fiscal 2026 it reported revenue of ₹1,09,959 million, equivalent to US$1,233 million, and a workforce of 23,830 employees. Like KPIT and Tata Elxsi, LTTS is included because software is now the main component of the engineering work it sells, though not all of its revenue is software development.

Services

  • Embedded systems and product software
  • Digital engineering
  • Plant engineering
  • Medical-device engineering
  • Telecom and hi-tech engineering
Revenue (FY2026)
US$1,233m (₹1,09,959m)
Employees
23,830 (31 Mar 2026)
Headquarters
India
Core services
Engineering R&D, embedded software, digital engineering
23

Nagarro

Best for: Mid-size and large firms wanting agile engineering teams

Nagarro SE is a German digital engineering company with large delivery teams outside Germany. It builds custom software, cloud platforms and data and AI solutions for clients in sectors ranging from automotive to financial services. Audited revenue for 2025 was €999.3 million, up from €972.0 million in 2024, and the company reported 18,003 professionals at 31 December 2025. The audited annual report was published on 29 April 2026 and reaffirmed the preliminary figures. Its revenue places it just above Endava and GFT, the other European mid-sized engineering firms on the list, and it is one of the few in that group to report growth in constant currency in 2025.

Services

  • Custom software and digital product engineering
  • Cloud and DevOps
  • Data and AI
  • ERP consulting
  • Testing and quality engineering
Revenue (FY2025)
€999.3m (≈US$1.13bn)
Employees
18,003 professionals (31 Dec 2025)
Core services
Digital product engineering, cloud, data and AI, ERP
24

Endava

Best for: Payments, banking and mobility clients

Endava plc is a technology services company headquartered at 125 Old Broad Street, London, and listed on the New York Stock Exchange. Its last audited fiscal year, ended 30 June 2025, produced revenue of £772.3 million with an average of 11,614 employees. In September 2026 the board placed the chief financial officer on leave pending an audit-committee investigation, and on 28 October 2026 Endava said it would restate its fiscal 2026 results and that founder and chief executive John Cotterell would retire. Fiscal 2026 accounts were not available when this list was compiled.

Services

  • Software product engineering
  • Payments and banking technology
  • Cloud and data
  • AI services
  • Experience design
Revenue (FY2025)
£772.3m (≈US$1.02bn)
Employees
11,614 average (FY2025)
Headquarters
London, UK
Listed on
NYSE (DAVA)
Core services
Digital product engineering, payments, cloud, AI
25

GFT Technologies

Best for: Banks and insurers modernising core systems

GFT Technologies SE is a Stuttgart-based IT services company specialising in banking and insurance. It builds and modernises core banking, payments and insurance systems and named Brazil, Colombia and the United States among its fastest-growing markets in 2025. Preliminary revenue for 2025 was €888 million, slightly above its €885 million forecast, and staff numbered 11,772 full-time equivalents at 31 December 2025. Group net income fell 29%. GFT reported that its Wynxx agentic-AI platform was in use at 92 clients in eight countries, much of it based on Anthropic Claude, OpenAI and Gemini models.

Services

  • Core banking modernisation
  • Insurance platforms
  • Cloud engineering
  • Data and AI (Wynxx)
  • Industrial and manufacturing IT
Revenue (FY2025)
€888m (≈US$1.00bn)
Employees
11,772 FTE (31 Dec 2025)
Headquarters
Stuttgart, Germany
Core services
Banking IT, insurance IT, cloud, AI
26

KPIT Technologies

Best for: Car makers and suppliers developing software-defined vehicles

KPIT Technologies is an Indian software company devoted almost entirely to the automotive and mobility industries, writing embedded, autonomous-driving, powertrain and vehicle-diagnostics software for car makers and tier-one suppliers. Revenue for fiscal 2026 was US$724.8 million, up 4.8%. KPIT is one of the most specialised entries on this list: its custom software is tightly coupled to vehicle platforms, and it competes with in-house software units created by carmakers rather than with general IT outsourcers. Because its revenue is tied to vehicle development cycles, its results tend to move with carmakers' research budgets rather than with general IT spending.

Services

  • Software-defined vehicle engineering
  • Autonomous driving and ADAS
  • Electric powertrain software
  • Vehicle diagnostics
  • Middleware integration
Revenue (FY2026)
US$724.8m
Headquarters
Pune, India
Core services
Automotive embedded software, software-defined vehicle engineering
27

Aubay

Best for: Banks and insurers in France, Italy, Spain and Benelux

Aubay is a French digital services company based in Boulogne-Billancourt. It provides software development, testing, IT consulting and project management, with banking and insurance accounting for most of its revenue, with operations across several European countries. The company states revenue of €601.6 million for 2025 and a team of 9,000 consultants. Its model relies on consultants placed on client projects rather than offshore delivery centres, which distinguishes it from the Indian and Eastern European entries. It is the smallest of the four French entries, alongside the far larger Capgemini, Sopra Steria and Alten.

Services

  • Custom software development
  • Testing and quality assurance
  • IT consulting and project management
  • Data and AI
  • Infrastructure services
Revenue (FY2025)
€601.6m (≈US$680m)
Employees
9,000 consultants
Headquarters
Boulogne-Billancourt, France
Core services
Software development, testing, IT consulting
28

Zensar Technologies

Best for: Hi-tech, manufacturing and financial clients in the US and UK

Zensar Technologies is an Indian IT services company whose results are issued from Pune. It provides application development, digital engineering, cloud and data services, with clients concentrated in hi-tech, manufacturing, consumer and financial services in the United States and Europe. Revenue for fiscal 2026 was US$643.7 million, up 3.1% in reported currency. The results were published on 24 April 2026. Zensar is smaller than the Indian tier-one firms and competes on account focus and senior attention rather than scale.

Services

  • Application development and maintenance
  • Digital and product engineering
  • Cloud and infrastructure
  • Data and AI
  • Experience design
Revenue (FY2026)
US$643.7m
Headquarters
Pune, India
Core services
Application services, digital engineering, cloud, data
29

Knowit

Best for: Nordic public bodies and enterprises

Knowit AB is a Swedish IT consultancy operating in Sweden, Norway, Finland and Denmark. Its Solutions business area, which builds and maintains custom systems, is the largest of its units. Net sales fell 9.6% to SEK 5,798.0 million in 2025, and the company recorded a SEK 399 million goodwill impairment, producing a loss after tax of SEK 282.1 million. Headcount fell to 3,714 at the end of 2025 from 3,860 a year earlier, after the disposal of Knowit Consulting Services A/S and the acquisition of Insicon AB.

Services

  • Custom software solutions
  • Digital experience
  • Management consulting
  • Cybersecurity
  • Data and AI
Revenue (FY2025)
SEK 5,798.0m (≈US$591m)
Employees
3,714 (31 Dec 2025)
Core services
Software solutions, digital experience, management consulting
30

Kainos

Best for: UK government departments, the NHS and Workday customers

Kainos Group plc is a UK-headquartered IT provider organised in three divisions: Digital Services, Workday Services and Workday Products. Digital Services builds custom systems for UK government departments, the NHS and commercial clients. Revenue for the year to 31 March 2026 rose 17% to £431.1 million, and bookings rose 32% to £505.3 million. Employed staff grew from 2,796 to 3,216, including 120 people who joined through the acquisition of Davis Pier, and the company began building a new headquarters in Belfast.

Services

  • Custom digital services for government and health
  • Workday implementation
  • Workday testing and security products
  • AI services
Revenue (FY2026)
£431.1m (≈US$569m)
Employees
3,216 employed staff (31 Mar 2026)
Headquarters
Belfast, UK
Listed on
London Stock Exchange (KNOS)
Core services
Digital services, Workday services and products
31

CI&T

Best for: Consumer-goods and financial firms in the Americas

CI&T is a Brazilian software engineering company listed on the New York Stock Exchange that reports in US dollars. It builds digital products and platforms and applies AI to software delivery for consumer-goods, financial-services, retail and industrial clients in Brazil, North America and Europe. Revenue for 2025 was US$489.65 million, up from US$438.96 million in 2024; financial services rose to 36.1% of the total. Revenue from Brazilian operations grew 30.8% in local currency, while US revenue rose 9.2%. Headcount increased 15.7% to 7,993 at 31 December 2025.

Services

  • Digital product engineering
  • AI-assisted software delivery
  • Data and analytics
  • Cloud modernisation
  • Experience design
Revenue (FY2025)
US$489.65m
Employees
7,993 (31 Dec 2025)
Listed on
NYSE (CINT)
Core services
Digital product engineering, AI, data, cloud
32

Tata Elxsi

Best for: Car makers, broadcasters and medical-device firms

Tata Elxsi is a Tata group company providing design and technology services, chiefly embedded software for vehicles, software and platforms for broadcasters and media companies, and engineering for medical devices. Its results for fiscal 2026, released from Bangalore on 21 April 2026, showed revenue of Rs 3,757.4 crore. Manoj Raghavan is chief executive and managing director. Like KPIT and LTTS, Tata Elxsi is an engineering-services specialist rather than a general IT outsourcer, and its revenue depends on a small number of large automotive and media clients.

Services

  • Automotive embedded software
  • Media and broadcast platforms
  • Medical-device engineering
  • Product design
  • Digital engineering
Revenue (FY2026)
Rs 3,757.4 crore (≈US$431m)
Headquarters
Bengaluru, India
Core services
Automotive software, media and communications, healthcare engineering, design
33

Grid Dynamics

Best for: Retailers and technology companies with complex data platforms

Grid Dynamics Holdings was founded in 2006 and is headquartered in San Ramon, California, with offices across the Americas, Europe and India. It provides AI, data and analytics, platform and cloud engineering and digital-commerce services to retailers, technology companies, financial firms and manufacturers. Revenue for 2025 was US$411.8 million, up 17.5% from US$350.6 million. The 10-K notes that India has become one of its top two countries by headcount, a shift from its historic base in Eastern Europe. Grid Dynamics is listed on Nasdaq.

Services

  • AI and machine-learning engineering
  • Data and analytics platforms
  • Cloud and platform engineering
  • Digital commerce
  • IoT and edge computing
Revenue (FY2025)
US$411.8m
Headquarters
San Ramon, California, US
Founded
2006
Listed on
Nasdaq (GDYN)
Core services
AI, data, platform and cloud engineering
34

Happiest Minds Technologies

Best for: Edtech, healthcare and BFSI clients needing product engineering

Happiest Minds Technologies is a Bengaluru-based IT services company focused on digital engineering, product development, infrastructure and security services. Its clients include education-technology, healthcare, banking and industrial firms, mainly in the United States, the United Kingdom and India. Revenue for fiscal 2026 was ₹2,315 crore, up 12.3%, and it had 6,497 people at 31 March 2026. The results were published on 28 May 2026. It is the smallest of the revenue-ranked entries. Its growth rate in fiscal 2026 was higher than that of most larger Indian peers on this list.

Services

  • Product and digital engineering
  • Generative-AI services
  • Infrastructure management
  • Cybersecurity
  • Analytics
Revenue (FY2026)
₹2,315 crore (≈US$266m)
Employees
6,497 (31 Mar 2026)
Headquarters
Bengaluru, India
Core services
Product engineering, digital business services, infrastructure and security
35

Softtek

Best for: North American firms wanting nearshore teams in the same time zones

Softtek is a Mexican IT services company and one of the largest Latin American providers of outsourced software development, offering clients in North America development and application-maintenance teams in nearby time zones. Softtek's website describes the company as backed by 16,000 global experts. It does not publish audited revenue, so it is ranked here by headcount. Its services range from application development and testing to AI and cloud engineering. Within the headcount-ranked group it is the largest entry, though the figure is a rounded website statement rather than a dated filing.

Services

  • Nearshore application development
  • Application management
  • Testing and QA
  • Cloud and data
  • AI engineering
Employees
16,000 (company website)
Core services
Nearshore application development, testing, cloud, AI
36

Birlasoft

Best for: Manufacturing, life-sciences and energy firms running ERP programmes

Birlasoft is part of the CKA Birla Group and is listed on the BSE and NSE. It focuses on enterprise applications such as Oracle, SAP and Infor, together with digital engineering, cloud and data services for manufacturing, life-sciences, energy and financial clients. Its fiscal 2026 results release, dated 6 May 2026, reported fourth-quarter revenue of ₹13,486 million and described the company as having over 11,000 professionals. Because the full-year total was not stated in the document reviewed, Birlasoft is placed in the headcount-ranked group. Angan Guha is chief executive.

Services

  • Enterprise applications (Oracle, SAP, Infor)
  • Digital engineering
  • Cloud and infrastructure
  • Data and AI
Employees
over 11,000
Headquarters
India
Listed on
BSE (532400), NSE (BSOFT)
Core services
ERP, digital engineering, cloud, data and AI
37

Thoughtworks

Best for: Organisations modernising platforms and engineering culture

Thoughtworks was founded in Chicago in 1993 and is known for its influence on agile and continuous-delivery practice, including its widely read Technology Radar. It builds custom software, modernises legacy platforms and advises on engineering practices, with offices in 22 countries. The company does not currently publish revenue. Its website cites more than 10,000 Thoughtworkers. Its consulting style, which pairs delivery teams with advice on engineering practice, distinguishes it from offshore-centred providers of similar size. The headcount shown is the rounded figure on its own site.

Services

  • Custom software development
  • Legacy modernisation
  • Data and AI
  • Platform engineering
  • Engineering-culture consulting
Employees
10,000+
Founded
1993, Chicago
Core services
Custom software, platform modernisation, AI, engineering consulting
38

Netcompany

Best for: Nordic and EU public authorities and banks

Netcompany Group is a Danish IT services company that builds large custom systems, chiefly for public authorities. In 2025 it merged SDC, a Nordic banking-technology provider, into a new Netcompany Banking Services unit, which added roughly 13 percentage points of reported growth; organic revenue rose 7.7% to DKK 7,044.1 million. The average workforce increased to 8,929 full-time equivalents. Netcompany appears in the headcount group because its reported (as opposed to organic) revenue total could not be confirmed from a primary document during this review.

Services

  • Large public-sector systems
  • Banking services (former SDC)
  • Custom software development
  • Application management
Employees
8,929 FTE average (2025)
Core services
Public-sector IT, banking services, custom software
39

DataArt

Best for: Financial, travel and media firms

DataArt was founded in New York in 1997 with a global delivery model from the start. It provides custom software development, data engineering, AI and cloud services, and is known in financial services, travel and hospitality, media and healthcare. The company lists more than 6,000 experts across over 40 locations in more than 20 countries. DataArt is privately held and does not publish revenue. The headcount figure is a rounded statement from its company page rather than a dated filing, so it is used here only to order the private firms.

Services

  • Custom software development
  • Data engineering
  • AI and machine learning
  • Cloud migration
  • Legacy modernisation
Employees
6,000+
Founded
1997, New York
Core services
Custom software, data, AI, cloud
40

Xebia

Best for: Enterprises seeking cloud, data and agile engineering

Xebia began in the Netherlands in 2001 and moved its global headquarters to Atlanta, Georgia, in 2023. It has grown through acquisitions of specialist consultancies into a group offering software development, cloud and DevOps, data and AI, and agile training. The company states that its team includes over 4,500 experts. Xebia is privately held and does not publish revenue. Its training academy and consulting heritage give it a stronger advisory component than most offshore-centred software developers.

Services

  • Custom software development
  • Cloud and DevOps
  • Data and AI
  • Agile and engineering training
  • Low-code
Employees
over 4,500
Headquarters
Atlanta, Georgia, US
Founded
2001, Netherlands
Core services
Software development, cloud, data and AI, training
41

Innowise

Best for: Mid-market firms outsourcing full product builds

Innowise is a custom software development company. It offers web and mobile application development, enterprise software, data and AI engineering, and dedicated teams, and says it has been working on digital solutions since 2007. The company's website cites 3.5 thousand IT professionals. It does not publish financial statements, and its client base is weighted toward mid-sized companies in Europe and North America. Its position is based on the rounded headcount shown on its homepage, which is not dated, so comparisons with neighbouring entries are approximate. The company does not disclose which office serves as its headquarters on that page.

Services

  • Custom software development
  • Web and mobile applications
  • Data and AI
  • Dedicated development teams
  • Cloud and DevOps
Employees
3,500 IT professionals
Core services
Custom software, mobile, data and AI, dedicated teams
42

Itransition

Best for: Enterprises needing enterprise-application and custom development

Itransition is a privately held software development company founded in 1998. It builds custom enterprise software, e-commerce and CRM systems and provides application management and data and AI services. The company's website lists more than 3,000 engineers. Itransition does not publish revenue. Its headcount is a rounded, undated figure from its homepage, which places it level with Vention in this ranking; the two are listed in alphabetical order. The homepage does not name a headquarters city, so the country column shows it as not stated.

Services

  • Custom software development
  • Enterprise application implementation
  • E-commerce
  • Data and AI
  • Application management
Employees
3,000+ engineers
Founded
1998
Core services
Custom software, enterprise platforms, data and AI
43

Vention

Best for: Start-ups and scale-ups building product teams quickly

Vention is a software engineering company whose website lists an office at 575 Lexington Avenue in New York and more than 3,000 engineers across over 20 offices. It supplies dedicated development teams and full project delivery to venture-backed start-ups and growth companies as well as established enterprises. Vention is privately held and does not publish revenue or a dated headcount figure, so its position relies on the figure displayed on its site. Its figure ties with Itransition's, and the two appear in alphabetical order.

Services

  • Dedicated engineering teams
  • Custom software development
  • AI and machine learning
  • QA and testing
  • Cloud and DevOps
Employees
3,000+ engineers
Core services
Dedicated teams, custom software, AI
44

N-iX

Best for: Enterprises seeking Eastern European engineering capacity

N-iX is a software engineering company that lists Valletta, Malta, as its headquarters and has its largest engineering presence in Ukraine and other European countries. It provides AI-augmented software development, cloud, data and analytics, cybersecurity and industry-specific software. Its website states 2,400+ engineers across ten countries and more than 90 enterprise clients, and cites ISO 27001 and ISO 9001:2015 certification. N-iX is privately held and does not publish revenue. Like other firms in this part of the ranking, its position rests on a rounded headcount figure rather than revenue.

Services

  • AI-augmented software engineering
  • Cloud and DevOps
  • Data and analytics
  • Cybersecurity
  • Embedded and IoT
Employees
2,400+ engineers
Headquarters
Valletta, Malta
Core services
Software engineering, cloud, data, AI
45

10Pearls

Best for: Start-ups and mid-sized firms needing product teams

10Pearls is a privately held digital product engineering company whose offices include Washington DC, Chicago, London, Medellín, Lima, Karachi, Lahore and Islamabad. It designs and builds web and mobile products, data and AI solutions and cloud platforms, often for venture-backed companies and mid-sized enterprises. The company's website cites a team of 1,400+ people. It does not publish revenue, and its delivery model combines Pakistan-based engineering with nearshore teams in Latin America. The headquarters city is not identified on the homepage reviewed, so the country column shows it as not stated.

Services

  • Digital product engineering
  • Mobile and web development
  • Data and AI
  • Cloud
  • Experience design
Employees
1,400+
Core services
Product engineering, mobile, data and AI
46

Mindera

Best for: Companies needing mobile and product engineering

Mindera was founded in 2014 and grew from Portugal into a group with offices in ten countries. It builds digital products, mobile applications and cloud platforms. The company's website lists more than 1,344 people. Mindera is privately held and does not publish revenue. Its delivery model relies on small cross-functional teams placed with clients for long-running product work. The headcount shown is the figure on its homepage, which is the only size measure the company publishes, and the homepage does not identify a headquarters.

Services

  • Digital product engineering
  • Mobile applications
  • Cloud and platform engineering
  • Data and AI
  • QA automation
Employees
1,344+
Founded
2014
Core services
Product engineering, mobile, cloud, data
47

ScienceSoft

Best for: Healthcare, banking and retail firms needing custom builds

ScienceSoft is a privately held IT consulting and software development company that says it has been operating since 1989, with a listed address in McKinney, Texas. It develops custom software, implements enterprise systems and provides data analytics, AI, cybersecurity and testing services. Its website cites 750+ consultants, engineers, architects and AI specialists. ScienceSoft does not publish revenue. Its stated operating history is the longest among the privately held firms on the list, although its published headcount is one of the smallest.

Services

  • Custom software development
  • Data analytics and AI
  • Cybersecurity
  • Testing and QA
  • IT consulting
Employees
750+
Founded
1989
Core services
Custom software, data analytics, cybersecurity, testing
48

STX Next

Best for: Companies building Python, data and AI products

STX Next is a Polish software development company headquartered in Poznań. It is best known as a large specialist Python house and builds web platforms, data engineering pipelines and AI applications for clients in Europe and North America. Its website shows 450+ specialists and 21 years in the market. STX Next does not publish revenue. Its size places it toward the end of the list, alongside other Polish software houses such as Netguru, which compete with larger firms on specialist depth rather than capacity.

Services

  • Python web development
  • Data engineering
  • AI and machine learning
  • Cloud
  • Product design
Employees
450+
Headquarters
Poznań, Poland
Core services
Python development, data engineering, AI
49

Netguru

Best for: Start-ups and enterprises building digital products

Netguru S.A. is a Polish digital product consultancy headquartered in Poznań. Since 2008 it has designed and built web and mobile products for start-ups and enterprises, and it now offers AI, data and product-strategy services alongside development. Its website lists 400+ people on board. Netguru does not publish revenue on its site. It is one of two Poznań firms on the list, alongside STX Next, and among the smallest entries; both rely on rounded headcounts published on their websites.

Services

  • Product design
  • Web and mobile development
  • AI solutions
  • Product strategy
  • Staff augmentation
Employees
400+
Headquarters
Poznań, Poland
Core services
Product design, web and mobile development, AI
50

Leobit

Best for: SMEs and software vendors needing .NET and web engineering

Leobit is a software development company that lists its US headquarters in Austin, Texas, and development centres in Lviv, Tallinn and Kraków, with an office in London. It specialises in .NET, web and mobile development, legacy modernisation and AI integration for small and mid-sized companies and software vendors. Its website cites 200+ software engineers and 78 Microsoft-certified professionals. Leobit is privately held and does not publish revenue. It is included as the smallest of the firms whose main business is custom development and which publish a headcount.

Services

  • .NET development
  • Web and mobile applications
  • Legacy modernisation
  • AI integration
  • Dedicated teams
Employees
200+ engineers
Headquarters
Austin, Texas, US
Core services
.NET development, web and mobile, modernisation, AI

Full ranking table

RankCompanyHQ countryRevenue (USD equivalent)Fiscal yearEmployees
1AccentureIrelandUS$74.18bnFY2026 (to 31 Aug 2026)c. 814,000
2NTT DATA GroupJapan¥5,004.6bn (US$33.46bn)FY2025 (to 31 Mar 2026)n/a
3Tata Consultancy ServicesIndia₹2,67,021 crore (US$30.64bn)FY2026 (to 31 Mar 2026)584,519
4CapgeminiFrance€22,465m (US$25.40bn)FY2025423,400
5CognizantUnited StatesUS$21.11bnFY2025c. 351,600
6InfosysIndiaUS$20.16bnFY2026 (to 31 Mar 2026)328,594
7HCLTechIndia₹1,30,144 crore (US$14.93bn)FY2026 (to 31 Mar 2026)227,181
8CGICanadaC$16.57bn (US$11.86bn)FY2026 (to 30 Sep 2026)c. 94,000
9WiproIndia₹926,240m (US$10.63bn)FY2026 (to 31 Mar 2026)more than 240,000
10Sopra SteriaFrance€5,648.0m (US$6.39bn)FY202551,275
11Tech MahindraIndiaUS$6,385mFY2026 (to 31 Mar 2026)147,623
12EPAM SystemsUnited StatesUS$5.46bnFY2025c. 62,850
13LTM (formerly LTIMindtree)India₹42,307.6 crore (US$4.86bn)FY2026 (to 31 Mar 2026)87,950
14AltenFrance€4,099.0m (US$4.63bn)FY202557,400
15ReplyItaly€2,483.6m (US$2.81bn)FY2025n/a
16GlobantLuxembourgUS$2.45bnFY202528,773
17CoforgeIndiaUS$1,870mFY2026 (to 31 Mar 2026)n/a
18MphasisIndiaRs 15,879.65 crore (US$1.82bn)FY2026 (to 31 Mar 2026)27,020
19adessoGermany€1.47bn (US$1.66bn)FY202511,298 FTE
20Persistent SystemsIndiaUS$1,654.4mFY2026 (to 31 Mar 2026)over 27,500
21Hexaware TechnologiesIndiaUS$1,537.4mCY202533,844
22L&T Technology ServicesIndiaUS$1,233mFY2026 (to 31 Mar 2026)23,830
23NagarroGermany€999.3m (US$1.13bn)FY202518,003
24EndavaUnited Kingdom£772.3m (US$1.02bn)FY2025 (to 30 Jun 2025)11,614 (average)
25GFT TechnologiesGermany€888m (US$1.00bn)FY202511,772 FTE
26KPIT TechnologiesIndiaUS$724.8mFY2026 (to 31 Mar 2026)n/a
27AubayFrance€601.6m (US$680m)FY20259,000
28Zensar TechnologiesIndiaUS$643.7mFY2026 (to 31 Mar 2026)n/a
29KnowitSwedenSEK 5,798.0m (US$591m)FY20253,714
30KainosUnited Kingdom£431.1m (US$569m)FY2026 (to 31 Mar 2026)3,216
31CI&TBrazilUS$489.65mFY20257,993
32Tata ElxsiIndiaRs 3,757.4 crore (US$431m)FY2026 (to 31 Mar 2026)n/a
33Grid DynamicsUnited StatesUS$411.8mFY2025n/a
34Happiest Minds TechnologiesIndia₹2,315 crore (US$266m)FY2026 (to 31 Mar 2026)6,497
35SofttekMexicoNot published–16,000
36BirlasoftIndiaNot published–over 11,000
37ThoughtworksNot statedNot published–10,000+
38NetcompanyDenmarkNot published–8,929 FTE (2025 average)
39DataArtNot statedNot published–6,000+
40XebiaUnited StatesNot published–over 4,500
41InnowiseNot statedNot published–3,500
42ItransitionNot statedNot published–3,000+
43VentionUnited StatesNot published–3,000+
44N-iXMaltaNot published–2,400+
4510PearlsNot statedNot published–1,400+
46MinderaNot statedNot published–1,344+
47ScienceSoftUnited StatesNot published–750+
48STX NextPolandNot published–450+
49NetguruPolandNot published–400+
50LeobitUnited StatesNot published–200+

By country

HQ countryEntriesCombined revenue of ranked entries (USD equivalent)Companies
India16US$97.78bnTata Consultancy Services, Infosys, HCLTech, Wipro, Tech Mahindra, LTM (formerly LTIMindtree), Coforge, Mphasis, Persistent Systems, Hexaware Technologies, L&T Technology Services, KPIT Technologies, Zensar Technologies, Tata Elxsi, Happiest Minds Technologies, Birlasoft
United States7US$26.98bnCognizant, EPAM Systems, Grid Dynamics, Xebia, Vention, ScienceSoft, Leobit
Not stated6–Thoughtworks, DataArt, Innowise, Itransition, 10Pearls, Mindera
France4US$37.10bnCapgemini, Sopra Steria, Alten, Aubay
Germany3US$3.80bnadesso, Nagarro, GFT Technologies
United Kingdom2US$1.59bnEndava, Kainos
Poland2–STX Next, Netguru
Ireland1US$74.18bnAccenture
Japan1US$33.46bnNTT DATA Group
Canada1US$11.86bnCGI
Italy1US$2.81bnReply
Luxembourg1US$2.46bnGlobant
Sweden1US$591mKnowit
Brazil1US$490mCI&T
Mexico1–Softtek
Denmark1–Netcompany
Malta1–N-iX

Combined revenue counts only the revenue-ranked entries, converted as described in the methodology.

Notable changes in 2026

  • Endava: on 21 September 2026 the board placed its chief financial officer on administrative leave pending an audit-committee investigation; on 28 October 2026 it said it would restate fiscal 2026 results and that founder John Cotterell would retire as chief executive.
  • GlobalLogic: merged with Hitachi Digital Services under the single Hitachi Digital brand, announced 28 October 2026.
  • LTIMindtree: now trading as LTM.
  • Cognizant: completed the 3Cloud acquisition in January 2026.
  • Capgemini: integration of WNS, which lifted year-end 2025 headcount by 82,300.
  • CGI: reported fiscal 2026 revenue of C$16.57 billion and approximately 94,000 staff on 11 November 2026.
  • Kainos: acquired Davis Pier and started construction of a Belfast headquarters.
  • Nagarro: published its audited 2025 annual report on 29 April 2026, reaffirming preliminary figures.

Frequently asked questions

What is the largest software development company in the world?

By revenue, Accenture is the largest firm whose main business includes custom software development, with US$74.18 billion in the fiscal year to August 2026 and about 814,000 employees. Much of that revenue also comes from consulting and managed operations. Among firms focused more narrowly on software engineering, EPAM Systems is the largest, with US$5.46 billion in 2025 revenue.

Which Indian software development company is the biggest?

Tata Consultancy Services is the largest Indian IT services company, with fiscal 2026 revenue of ₹2,67,021 crore and 584,519 employees at the end of March 2026. Infosys is second, reporting US$20,158 million of revenue and 328,594 employees, followed by HCLTech and Wipro.

How were companies without published revenue ranked?

Privately held firms such as Softtek, Thoughtworks, DataArt and N-iX do not publish audited revenue. They appear after all revenue-ranked companies and are ordered by the headcount figure on their own websites. These figures are self-reported and rounded, so the order within this group is approximate and does not imply relative revenue.

What is the difference between a software development company and an IT consulting firm?

A software development company builds and maintains software to a client's specification and is paid mainly for engineering effort or delivered systems. An IT consulting firm advises on strategy, architecture and vendor selection and may not write code. Most large providers on this list do both, but their largest revenue line is application development and maintenance.

Why do some revenue figures look different from the companies' own US dollar numbers?

Revenue reported in rupees, euros, pounds, yen, Canadian dollars or Swedish kronor was converted at 2025 Federal Reserve annual average rates. Indian firms with March year-ends convert at the actual monthly rates of their own fiscal year, so their published dollar totals can differ by a few percent from the converted figures used here.

Which software development companies grew fastest in 2025-2026?

Among revenue-ranked entries, Coforge reported 29.2% growth in fiscal 2026, Grid Dynamics 17.5% in 2025, Persistent Systems 17.4%, Kainos 17% and adesso 14%, all organic in adesso's case. Several of the largest firms grew by less than 2%, and some, such as Knowit, shrank.

Are nearshore software companies included?

Yes. Softtek, based in Mexico, is the largest nearshore provider on the list by headcount, with 16,000 experts. Globant, founded in Argentina, and the Brazilian firm CI&T deliver mainly from Latin America to clients in North America and Europe.

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