Are There Really 1,197 Indian-owned Firms Generating Over £72 Billion Revenue in the UK?

New Delhi, June 19 (NationPress) In a remarkable indication of the strengthening economic ties between the UK and India, the number of Indian-owned enterprises operating in Britain has surged to 1,197. This marks a significant increase of over 23 percent compared to 2024, when only 971 companies were documented, as highlighted in a report released on Thursday.

This year, the report reveals the highest tally recorded, alongside the largest annual growth since Grant Thornton began monitoring these figures in 2017.

The total revenue generated by Indian-owned businesses in the UK has risen to £72.14 billion from £68.09 billion in 2024. These companies currently employ 126,720 individuals and have contributed to the creation of over 8,000 new jobs within the past year.

Notably, the representation of female directors has also seen an increase to 24 percent from 21 percent in 2024. The latest list of the fastest-growing firms shows that 74 companies achieved a revenue growth of 10 percent or more,” the report states.

The 2025 Tracker companies reported an average growth rate of 42 percent and a combined turnover of £32.6 billion. Additionally, these firms contributed £67.3 million in corporation tax and generated more than 56,000 jobs.

“This year’s findings from the India Meets Britain Tracker illustrate the deep-rooted and historic ties between these two great nations. It’s evident that India recognizes the UK as a vital investment hub where Indian businesses can thrive,” commented Anuj Chande, Partner and Head of the South Asia Business Group at Grant Thornton.

The report, created in collaboration with the Confederation of Indian Industry (CII), has been further enhanced by the inclusion of the India Global Forum (IGF), which contributes its extensive expertise and influence in the India-UK corridor.

It was officially unveiled by UK Secretary of State for Business and Trade, Jonathan Reynolds, and Union Commerce Minister Piyush Goyal, during an opening session at the Queen Elizabeth II Centre, as part of IGF’s flagship London program.

The report highlights that Wipro IT Services UK Societas leads the growth rankings with a staggering 448 percent revenue increase, followed by newcomer Zoho Corporation Limited, which achieved 197 percent growth.

Geographically, London remains the preferred location, with 47 percent of all companies headquartered there, followed by the South of England at 24.3 percent.

In terms of sectors, the TMT (Technology, Media, and Telecommunications) sector continues to dominate, representing 31 percent of Tracker companies, while pharmaceuticals and chemicals hold the second position with 22 percent.

Interestingly, financial services have risen to 9.5 percent of Tracker companies, their highest share in recent years, driven by the strategic expansion of Indian banks and financial institutions in London’s global finance center, as reported.