New Delhi
A record 1,197 Indian-owned companies are now operating in the UK, showing a 23% rise from 2024, according to a new report by Grant Thornton and the Confederation of Indian Industry (CII).
This marks the largest yearly increase since tracking began in 2017. Together, these firms have generated revenues of £72.14 billion, up from £68.09 billion last year. They also created over 8,000 new jobs, taking the total employment to 126,720 people.
The 2025 edition of the "India Meets Britain Tracker" reveals several positive trends. One key highlight is that 24% of board members in these firms are now women, up from 21% in 2024. Seventy-four companies reported revenue growth of 10% or more, with the fastest-growing firm being Wipro IT Services UK, posting a 448% rise. Zoho Corporation came second with 197% growth.
The 2025 Tracker companies reported a combined turnover of £32.6 billion, paid £67.3 million in corporate taxes, and added over 56,000 jobs. Technology, Media, and Telecommunications (TMT) firms lead the list at 31%, followed by pharmaceuticals and chemicals (22%).
London remains the top destination, hosting 47% of these businesses, while the South of England holds 24.3%. Financial services saw notable growth, now making up 9.5% of the total.
Experts say the data shows India sees the UK as a strong partner for global expansion. The report was launched by UK Trade Secretary Jonathan Reynolds and Indian Commerce Minister Piyush Goyal at a major London event hosted by India Global Forum.