India's technology industry is estimated to earn USD 315 billion in FY2026, and about USD 246 billion of that comes from exports, with the US as the largest buyer. For a US company, that means a long list of possible partners. This guide covers ten Indian firms that serve American clients, with FY26 revenue, North America share and deal figures checked against company releases and public profiles as of November 2026.
How we chose these companies
We looked for Indian-headquartered firms that build and run software for US clients today, publish audited or exchange-filed results, and disclose how much of their business comes from North America or the US. Each entry carries at least two figures from a company release, a results review or a public profile.
Large firms dominate this list because they publish the most data, but mid-sized companies such as Persistent, Coforge and Hexaware grew faster in their latest year. Apart from XDQ Labs, which publishes this list, the order is not a ranking.
- Headquartered in India with large Indian delivery teams
- Active US client base with disclosed North America or US share where available
- At least two verifiable public figures
- No paid rankings or review scores used
The list
Gurugram-based AI-native engineering company that builds web apps, SaaS products, React Native mobile apps and AI agents on its own XDQ AgentOS platform. It also offers AI security engineering (find, fix, verify) on authorised systems and runs its own products, Drapto and Quotarider. Contact: enquiry@xdqlabs.com.
- Runs 2 in-house products: Drapto (hospital revenue integrity, India) and Quotarider (B2B CRM and outbound)
- Sells to 4 markets: India, the US, the UAE and the UK
India's largest IT services company and part of the Tata Group. TCS runs consulting, application development, cloud, AI and managed services for large enterprises, and North America is its biggest region. It is the default choice for multi-year transformation and outsourcing programmes with very large teams.
- Reported FY26 revenue of USD 30,017 million
- North America made up 48.6% of FY26 revenue
- Signed USD 40.7 billion in total contract value in FY26, including 5 mega deals
Infosys provides digital services, consulting, cloud and AI work, and has a long US track record. It has bought several US firms in Salesforce, commerce and design to add onshore skills, and runs a public services arm in Maryland for government clients.
- Had 328,594 employees as of March 2026
- North America was about 61% of revenue in fiscal 2023 to 24
- Bought US Salesforce partner Simplus for USD 250 million in 2020
HCLTech offers IT and engineering services along with digital and AI work. The US is its largest market by a wide margin, and it has used US acquisitions to build capability in data, software and telecom. Strong fit for infrastructure and engineering-heavy work.
- Posted FY26 revenue of USD 14.7 billion, up 3.9%
- The US accounted for 56.3% of revenue as of March 2026
- Advanced AI revenue reached USD 620 million on an annual basis
Wipro delivers IT services, consulting, cloud and AI work for clients in the Americas, Europe and Asia. It reports its Americas business as two separate units, which reflects how much of its work comes from North American clients. FY26 saw a sharp rise in large deal bookings.
- IT services revenue was USD 10,478.1 million in FY26
- Total bookings reached USD 16.4 billion in FY26, up 14%
- Large deal bookings rose 45.4% to USD 7.8 billion
Formed when L&T Infotech merged with Mindtree in November 2022, the company is majority owned by Larsen & Toubro. It is one of the most US-focused large Indian IT firms, and it offers application, data, cloud and enterprise platform services to large clients.
- FY26 revenue was USD 4.764 billion, up 6% in dollar terms
- North America made up 73.4% of FY26 revenue
- Larsen & Toubro holds a 68.73% stake
Persistent offers digital engineering, cloud, data and AI services from its base in Pune. It is among the fastest growing Indian IT firms and has bought several US software and services companies since 2022 to add onshore skills.
- FY26 revenue was USD 1,654.4 million, up 17.4%
- Employs over 27,500 people across 18 countries
- Acquired US-based Data Glove for USD 90.5 million in 2022
Formerly NIIT Technologies and renamed Coforge in 2020, the company focuses on banking, insurance, travel and public sector clients. It grew faster than most peers in FY26 and has a large executable order book going into FY27.
- FY26 revenue was USD 1,870 million, up 29.2% in dollar terms
- North America was 56.7% of revenue in Q4 FY26
- Executable order book for the next 12 months stood at USD 1.75 billion
Mphasis began as Mphasis Corporation in Santa Monica, US, and merged with BFL Software in 2000. Blackstone is now its controlling owner. It provides application, cloud and IT services to enterprise clients from more than 60 centres worldwide.
- Reported revenue of ₹14,484 crore in 2025
- Runs more than 60 sales and delivery centres in about 28 countries
- Revenue rose 12.4% year on year in the December 2025 quarter
Hexaware offers IT services, cloud, data, AI and business process services and is listed on the NSE. It reports on a calendar year basis and grew its Americas business faster than the company average in 2025.
- CY25 revenue was USD 1,537.4 million, up 7.6%
- Had 33,844 employees in 30+ countries at the end of 2025
- Americas revenue grew 9.5% year on year in CY25
XDQ Labs publishes this list and includes itself. Other companies are listed in no particular order based on public information.
Quick comparison of the 10 companies
The table shows where each firm is based and its latest reported revenue. Fiscal years end in March for most companies, while Hexaware reports by calendar year. Use the table to build a shortlist, then ask each firm for case studies that match your industry, tech stack and time zone needs.
| Company | HQ | Latest revenue | US or North America signal |
|---|---|---|---|
| XDQ Labs | Gurugram | Not disclosed | Sells to US clients |
| TCS | Mumbai | USD 30,017 million (FY26) | 48.6% North America |
| Infosys | Bengaluru | ₹1,78,803 crore (FY26) | About 61% North America (FY24) |
| HCLTech | Noida | USD 14.7 billion (FY26) | 56.3% US |
| Wipro | Bengaluru | USD 10,478.1 million IT services (FY26) | Two Americas units |
| LTIMindtree | Mumbai | USD 4.764 billion (FY26) | 73.4% North America |
| Persistent | Pune | USD 1,654.4 million (FY26) | US acquisitions since 2022 |
| Coforge | Noida | USD 1,870 million (FY26) | 56.7% North America (Q4) |
| Mphasis | Bengaluru | ₹14,484 crore (2025) | Founded in Santa Monica, US |
| Hexaware | Mumbai | USD 1,537.4 million (CY25) | Americas up 9.5% in CY25 |
How to choose an offshore partner in India
Start with the size of the work. A large firm such as TCS or Infosys suits multi-year programmes with hundreds of engineers, governance layers and global delivery. A small product build, such as an MVP, an internal tool or an AI agent pilot, usually moves faster with a smaller team where senior engineers stay on the project.
Next, test domain fit and overlap hours. Ask for two references in your industry, check who will lead the work day to day, and agree on at least three to four hours of shared working time with US teams. Put code ownership, security controls and exit terms in the contract before work starts.
- Match firm size to project size
- Ask for industry references, not just logos
- Fix overlap hours and escalation paths in writing
- Confirm IP ownership and data handling terms
Market context for 2026
Growth was uneven in FY26. TCS reported revenue down 0.5% in dollar terms, while Coforge grew 29.2% and Persistent 17.4%. Large firms are also reporting AI revenue: TCS said its annualised AI revenue crossed USD 2.3 billion in the March 2026 quarter, and HCLTech put advanced AI revenue at USD 620 million a year.
For US buyers this means more bargaining room with large vendors and more choice among mid-sized ones. Deal sizes are still large, with Wipro's large deal bookings up 45.4% to USD 7.8 billion in FY26, which shows that big outsourcing contracts continue to flow to India. XDQ Labs builds AI agents and SaaS products for smaller US teams that want the same offshore model at a smaller scale.
Frequently asked questions
Which Indian company is best for offshore software development for a US business?
It depends on scale. TCS, Infosys and HCLTech suit large enterprise programmes. LTIMindtree is heavily North America focused, with 73.4% of FY26 revenue from the region. Persistent and Coforge suit product engineering and financial services. Smaller builds often fit a focused firm better than a large one.
How much of Indian IT revenue comes from exports?
India's tech industry is estimated to earn USD 315 billion in FY2026, with about USD 246 billion from exports and about USD 69 billion from the domestic market. The US is the largest export market for most of the companies on this list.
Is offshore development in India still growing in 2026?
Yes, but unevenly. Large firms reported flat to modest growth in FY26, with TCS revenue down 0.5% in dollar terms, while mid-sized firms grew faster, such as Coforge at 29.2% and Persistent at 17.4%. Deal bookings stayed strong, with Wipro's large deal bookings up 45.4%.
What should a US company check before hiring an Indian development firm?
Check relevant case studies and references, the seniority of the team assigned, overlap hours with your time zone, security and data handling practices, and contract terms for IP ownership and exit. Start with a small paid phase before committing to a long contract.
Sources
- Information technology in India, Wikipedia, 2026
- TCS Q4 and FY26 press release (USD, IFRS), Tata Consultancy Services, 2026
- Infosys, Wikipedia, 2026
- Client woes drag HCLTech's Q4 show; macro uncertainty clouds FY27 guidance, Outlook Business, 2026
- HCLTech, Wikipedia, 2026
- Wipro announces results for the quarter and year ended March 31, 2026, Wipro, 2026
- LTM FY26: growth held steady as the company repositions for the agentic era, Multibagg, 2026
- LTIMindtree, Wikipedia, 2026
- Persistent reports $1,654.4M FY26 revenue with 17.4% Y-o-Y growth, Bolsamania (company press release), 2026
- Persistent Systems, Wikipedia, 2026
- Coforge FY26 results release, Business Wire, 2026
- Coforge Q4FY26 result review, IDBI Capital, 2026
- Mphasis, Wikipedia, 2025
- India's IT hierarchy just tilted, Analytics India Magazine, 2026
- Hexaware reports CY25 revenue of USD 1,537.4 Mn, Hexaware Technologies, 2026
- Indian IT faces AI reset: top-5 firms post mixed FY26 amid macro headwinds, The Week (PTI), 2026
- Coforge, Wikipedia, 2025
