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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| Tata Consultancy Services | India | IT Consulting, Cloud Infrastructure | INR 3058 | $121B | 4.1x | 15.3x |
| Infosys | India | IT Consulting, Cloud Infrastructure | INR 1510 | $67.1B | N/A | N/A |
| HCLTech | India | IT Consulting, Cloud Infrastructure, BPO Services, Business Consulting | INR 1557 | $45.0B | 3.2x | 15.1x |
| Wipro | India | IT Consulting, Cloud Infrastructure, BPO Services | INR 242 | $24.9B | 2.4x | 12.1x |
| LTIMindtree | India | IT Consulting, BPO Services, Business Consulting | INR 5671 | $18.0B | 3.9x | 22.4x |
| Tech Mahindra | India | IT Consulting | INR 1453 | $14.0B | 2.3x | 15.4x |
| Persistent Systems | India | IT Consulting | INR 5891 | $10.3B | 6.7x | 37.4x |
| Coforge | India | IT Consulting | INR 1799 | $6.9B | 4.2x | 24.3x |
| Mphasis | India | IT Consulting, Business Consulting | INR 2877 | $6.0B | 3.5x | 18.9x |
| Hexaware Technologies | India | IT Consulting | INR 710 | $4.7B | 3.2x | 19.8x |
| Hexaware | India | IT Consulting | INR 710 | $4.7B | 3.2x | 19.8x |
| L&T Technology Services | India | BPO Services, IT Consulting | INR 4106 | $4.7B | 3.6x | 20.6x |
| Tata Elxsi | India | IT Consulting | INR 5537 | $3.8B | 9.0x | 37.5x |
| KPIT Technologies | India | IT Consulting, Automotive Software | INR 1194 | $3.6B | 5.0x | 24.1x |
| Tata Teleservices | India | Telecom Service Providers, IT Consulting | INR 55 | $3.6B | N/A | N/A |
| Tata Technologies | India | IT Consulting | INR 701 | $3.1B | 5.2x | 30.6x |
| Redington | India | IT Consulting | INR 263 | $2.5B | 0.2x | 10.0x |
| eClerx Services | India | IT Consulting, BPO Services | INR 4637 | $2.4B | 5.5x | 21.8x |
| CAMS | India | IT Consulting | INR 3860 | $2.1B | 12.4x | 27.5x |
| Aditya Infotech | India | IT Consulting | INR 1380 | $1.9B | N/A | N/A |
| Zensar | India | IT Consulting | INR 802 | $1.9B | 2.9x | 19.3x |
| Intellect Design Arena | India | Financial Services Software, IT Consulting | INR 1029 | $1.6B | 5.0x | 22.8x |
| Sonata Software | India | IT Consulting | INR 374 | $1.2B | 1.0x | 14.6x |
| Black Box | India | IT Consulting | INR 542 | $1.1B | 1.6x | 17.5x |
| Birlasoft | India | IT Consulting | INR 375 | $989M | 1.6x | 12.6x |
| Happiest Minds | India | IT Consulting | INR 522 | $854M | 3.4x | 19.1x |
| Mastek | India | IT Consulting | INR 2172 | $744M | 1.8x | 11.0x |
| Infibeam Avenues | India | IT Consulting | INR 18 | $690M | 1.3x | 19.1x |
| Datamatics | India | IT Consulting | INR 968 | $631M | N/A | N/A |
| R Systems | India | IT Consulting, BPO Services | INR 415 | $535M | N/A | N/A |
| Network People Services | India | Financial Services Software, IT Consulting | INR 1866 | $402M | N/A | N/A |
| Cyient | India | IT Consulting | INR 456 | $400M | 2.3x | 23.3x |
| Magellanic Cloud | India | IT Consulting | INR 56 | $394M | N/A | N/A |
| Protean | India | IT Consulting | INR 859 | $381M | 3.7x | 36.6x |
| TechNVision | India | IT Consulting | INR 4560 | $321M | N/A | N/A |
| Saksoft | India | IT Consulting | INR 191 | $263M | N/A | N/A |
| Bharat Global Developers | India | IT Consulting, Cloud Infrastructure | INR 194 | $232M | N/A | N/A |
| 63 Moons | India | Financial Services Software, IT Consulting | INR 813 | $189M | N/A | N/A |
| Quick Heal | India | Cybersecurity, IT Consulting | INR 322 | $177M | N/A | N/A |
| InfoBeans | India | IT Consulting | INR 654 | $163M | N/A | N/A |
| Expleo Solutions | India | IT Consulting | INR 1017 | $158M | N/A | N/A |
| Blue Cloud Softech | India | IT Consulting, BPO Services | INR 29 | $152M | N/A | N/A |
| Dynacons | India | IT Consulting | INR 934 | $151M | N/A | N/A |
| Kellton | India | IT Consulting | INR 20 | $138M | 1.0x | 8.4x |
| Allied Digital Services | India | IT Consulting | INR 181 | $105M | 1.0x | 12.3x |
| Sahana System | India | IT Consulting | INR 1017 | $100M | N/A | N/A |
| Vakrangee | India | IT Consulting | INR 9 | $98.5M | N/A | N/A |
| NINtec Systems | India | IT Consulting | INR 445 | $88.8M | N/A | N/A |
| Trident Techlabs | India | Industrial Software, IT Consulting | INR 446 | $88.4M | N/A | N/A |
| Kody Technolab | India | IT Consulting | INR 581 | $85.1M | N/A | N/A |
| Mindteck India | India | IT Consulting | INR 272 | $84.3M | N/A | N/A |
| Ksolves | India | IT Consulting | INR 316 | $83.4M | N/A | N/A |
| Alphalogic Techsys | India | IT Consulting | INR 76 | $53.4M | N/A | N/A |
| Alletec | India | IT Consulting | INR 262 | $48.6M | N/A | N/A |
| Danlaw Technologies | India | Automotive Parts, Electronic Components, IT Consulting | INR 717 | $40.8M | N/A | N/A |
Valuation multiples as of last 12 months (LTM). Stock prices as of October 30, 2025. Financial data powered by Morningstar and FactSet.
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