Indian Tech Firms Drive Significant Growth in the UK

Indian Tech Firms Drive Significant Growth in the UK

Indian technology companies are making substantial strides in the United Kingdom, with Wipro and Zoho leading a notable surge in investment and presence. A recent report reveals that the number of Indian-owned businesses in the UK has reached a record high, reflecting a deepening economic partnership that is generating thousands of jobs and billions in revenue.

Record Growth in Indian-Owned Companies

According to the 2025 'India meets Britain Tracker' published by Grant Thornton and the Confederation of Indian Industry (CII), the number of Indian-owned firms in the UK has increased by 23% over the past year, rising from 971 to 1,197. This marks the highest number recorded since the tracker began and represents the steepest annual increase. These companies collectively generated £72.14 billion in revenue, up from £68.09 billion the previous year, and employed 126,720 individuals, adding over 8,000 new jobs in the last year alone.

The report, which also includes insights from the India Global Forum, was launched by senior officials from both countries, underscoring strong bilateral support for the growing economic relationship, particularly following the finalization of the India-UK Free Trade Agreement (FTA).

Wipro's Leading Role

Wipro, a major player in IT services, has emerged as a leader in this growth, with its UK subsidiary, Wipro IT Services UK Societas, reporting an impressive 448% increase in revenue. This growth reflects Wipro's commitment to the UK market, where it operates a headquarters in London and multiple development centers. The company has secured significant contracts, including a £500 million, 10-year partnership with the Phoenix Group, aimed at modernizing its core policy administration platform using AI and cloud technologies.

Wipro is also engaged in various digital transformation initiatives with other UK businesses, focusing on enhancing operational efficiency through AI and IT infrastructure improvements. The company's strategy includes establishing centers of excellence in the UK to foster local expertise and innovation.

Zoho's Expansion

Zoho Corporation has also made significant strides, reporting a 197% growth in the UK market. The company, known for its corporate IT management solutions, has expanded its operations in Bletchley and nearly tripled its workforce in sales, customer support, and marketing. Zoho's UK managing director emphasized the importance of building local teams to support customers effectively, as the company continues to grow its client base, which includes notable organizations like the Office for National Statistics.

Broader Trends in Indian Investment

The report highlights that the Technology, Media, and Telecom (TMT) sector comprises the largest share of Indian-owned firms in the UK, followed by pharmaceuticals and chemicals. London remains the preferred location for 47% of these companies, with the South of England also being a popular choice. The fastest-growing companies identified in the tracker achieved an average growth rate of 42%, contributing significantly to the UK economy.

This surge in Indian business activity is indicative of the evolving economic relationship between India and the UK, with the new FTA expected to enhance market access and operational stability for Indian firms. The investment relationship supports over 600,000 jobs across both nations, reflecting the deep-rooted economic ties that are poised for further growth.