Hyderabad is India's second largest IT exporter, with Telangana's IT exports reaching ₹2,68,233 crore in FY2023-24. The city had about 9,05,715 people working in IT and IT-enabled services in 2023, spread across more than 1,500 companies. This list covers ten IT companies that are headquartered in Hyderabad or run major centres there, with the facts we verified.
How we chose these companies
We included Hyderabad-headquartered IT companies and a few global firms whose Hyderabad centres are among their largest anywhere. The list covers engineering services, communications platforms, product engineering, HR and lending software, salon and spa software and defence simulation. Facts come from company websites and from Wikipedia entries that cite annual reports and state government data.
XDQ Labs appears first because it publishes this list. It is based in Gurugram and works with Hyderabad clients remotely. The other companies are listed in no particular order, and none paid for inclusion. The sources at the end of this page show where each figure came from, so you can check the latest numbers yourself.
The list
AI-native engineering company that builds web apps, SaaS platforms, React Native mobile apps, integrations and AI agents on its own XDQ AgentOS, and runs AI security engineering (find, fix, verify) on authorised systems. It also operates 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 clients in 4 markets: India, the US, the UAE and the UK
- Ships builds on XDQ AgentOS, its own agent layer with human approval gates and audit logs
An engineering and technology services company founded in Hyderabad in 1991 as Infotech Enterprises and renamed Cyient in 2014. It provides lifecycle engineering, digital and technology services to aerospace, rail, telecom, utilities and medical clients.
- Revenue of ₹7,147 crore in FY24
- 15,000+ employees and 300+ customers
A communications platform as a service company that handles business messaging such as SMS and WhatsApp for enterprises, along with AI-based anti-spam and anti-phishing tools. It listed on the BSE and NSE in 2006 and acquired Karix Mobile in 2018.
- Revenue of ₹3,927 crore in FY24
- Acquired Karix Mobile at an enterprise value of ₹340 crore in 2018
A product engineering and digital services company that began as an offshore product development firm with a three-member team in Hyderabad. It now delivers AI-assisted engineering and outcome-based services from its Hyderabad head office and 31 locations.
- 7,000+ employees and 300+ clients
- Average client tenure of 12 years
A cloud HR and payroll software company covering hiring, attendance, leave, performance and payroll. It was founded in Hyderabad on 21 July 2014, has its head office in Gachibowli, and also operates in Singapore and the US.
- Raised US$57 million in Series A funding from WestBridge Capital in 2022
- Passed US$1 million in annual recurring revenue by 2019
A defence technology company that builds training simulators, counter-drone systems and integrated defence systems for armed forces and police. It began in 1993 by developing computer-based training systems and is listed on the NSE and BSE.
- Founded in 1993 and listed on the Hyderabad Stock Exchange in 2000
- Listed on the BSE in March 2011 and the NSE on 30 March 2015
A lending technology company whose pennApps platform covers loan origination, loan management, collections, supply chain finance and credit lines on UPI. Its corporate office is in Cyber Gateway, HITEC City, with a centre of excellence in Visakhapatnam.
- Corporate office in Cyber Gateway, an 8,66,000 sq ft HITEC City building
- Product suite covers 5+ lending areas including credit lines on UPI
Makes cloud software for salons, spas, medspas and fitness businesses, covering booking, payments, marketing and AI tools that catch lost revenue. Its India office is in RMZ Futura, HITEC City, Hyderabad, and it has offices in countries including the UAE.
- Used by 30,000+ salon, spa and medspa businesses
- Customers in 50+ countries
Microsoft's India Development Center was set up in Hyderabad in 1998 and is one of the company's largest research and development centres outside its Redmond headquarters. Teams there build products and cloud services used worldwide.
- Set up in 1998
- Sits on a 54-acre campus with a LEED Gold certified building
Amazon began its India operations from Hyderabad in 2004. In 2019 it opened its first owned campus building in the city, which it described as its largest single building worldwide by built-up area, housing technology and operations teams.
- Campus building spreads over 9.5 acres and can house 15,000+ employees
- Wider campus planned across 68 acres
XDQ Labs publishes this list and includes itself. Other companies are listed in no particular order based on public information.
Quick comparison
The table lists each company's focus and one figure that signals its scale. Some entries are software product companies, some are services firms and two are global companies with very large Hyderabad centres. Figures refer to the whole company or campus and the latest year we could verify from public sources.
| Company | Focus | Scale signal |
|---|---|---|
| XDQ Labs | Web, SaaS, mobile, AI agents | Own products Drapto and Quotarider |
| Cyient | Engineering and technology services | 15,000+ employees |
| Tanla Platforms | Communications platform (CPaaS) | ₹3,927 crore revenue (FY24) |
| ValueLabs | Product engineering services | 7,000+ employees, 300+ clients |
| Keka HR | HR and payroll SaaS | US$57 million Series A (2022) |
| Zen Technologies | Defence simulation and tech | Founded 1993 |
| Pennant Technologies | Lending software | Corporate office, HITEC City |
| Zenoti | Salon, spa and medspa software | 30,000+ businesses |
| Microsoft IDC | Software R&D centre | 54-acre campus |
| Amazon Hyderabad | Technology and operations campus | Room for 15,000+ staff |
How to choose an IT partner in Hyderabad
Decide first whether you need a services partner or a software product. Cyient and ValueLabs build to your specification, while Keka, Zenoti and Pennant sell ready platforms that you configure. Mixing the two is common: buy a platform for standard processes and hire a services firm for the integrations and custom pieces.
For services work, ask about team stability, security practices and how the vendor reports progress. For software products, check data residency, integration options and the total cost over three years, not just the first year. Ask for customer references in your own industry and city.
- Check references from clients of a similar size
- Confirm data hosting location for regulated data
- Ask for a clear exit plan and data export format
- Compare total cost over three years
Market context
Telangana contributed about 15% to 16% of India's software exports in FY2022-23 and 16.77% of India's IT sector employment in FY2023. HITEC City, inaugurated in November 1998, grew into the wider Cyberabad district. Hyderabad now hosts more than 450 global capability centres, and recent trends show it attracting a growing share of new centres set up in India.
Frequently asked questions
How many people work in IT in Hyderabad?
About 9,05,715 people worked in Hyderabad's IT and IT-enabled services sector in 2023, across more than 1,500 companies. Telangana accounted for 16.77% of India's IT sector employment as of FY2023.
Which large IT companies are headquartered in Hyderabad?
Cyient, founded in 1991, and Tanla Platforms, founded in 1999, are two of the best-known listed IT companies headquartered in Hyderabad. ValueLabs and Keka HR are other notable Hyderabad-based technology firms.
Where are IT companies located in Hyderabad?
Most are in HITEC City and the wider Cyberabad area, including Madhapur, Gachibowli, Kondapur and Nanakramguda. Large campuses such as Microsoft's 54-acre site and Amazon's campus are in this western part of the city.
Is Hyderabad growing faster than Bengaluru for tech centres?
Bengaluru still hosts more global capability centres, with 950+ in 2026 against about 450+ in Hyderabad. Recent trends, however, show Hyderabad attracting a growing share of the new centres that global companies set up in India.
Sources
- XDQ Labs: Secure AI agents on XDQ AgentOS, XDQ Labs, 2026
- Cyient, Wikipedia, 2026
- About Cyient, Cyient, 2026
- Tanla Platforms, Wikipedia, 2026
- About ValueLabs, ValueLabs, 2026
- Keka HR, Wikipedia, 2026
- Zen Technologies, Wikipedia, 2026
- Contact Pennant Technologies, Pennant Technologies, 2026
- Contact Zenoti, Zenoti, 2026
- Zenoti salon and spa software, Zenoti, 2026
- HITEC City, Wikipedia, 2026
- Software industry in Telangana, Wikipedia, 2026
