Indian-owned companies operating in the UK have increased by 23% in the last year, the 12th edition of the Grant Thornton ‘India Meets Britain’ Tracker has revealed.
According to the report, the number of Indian-owned companies has risen to 1,197 in 2025, up from 971 last year. The combined revenues reported by Indian-owned companies in the UK increased to £72.14 billion from £68.09 billion in 2024. These businesses employ 126,720 people across the UK and have added over 8,000 new jobs in the past year, the report said.
The 2025 Tracker companies achieved an average growth rate of 42% and a combined turnover of £32.6 billion. These firms also paid £67.3 million in corporation tax and created more than 56,000 jobs.
According to the report, Wipro IT Services UK Societas tops the growth rankings with a 448% revenue surge, followed by a new entrant, corporate IT management firm Zoho Corporation Limited, which posted 197% growth during the year.
In total, 20 companies joined the Tracker for the first time in 2025, while 41 companies remain on the Tracker from last year. In terms of location, London remains the destination of choice, with 47% of all Tracker companies headquartered in the capital, followed by the South of England (24.3%), the report said.
In terms of the sectors with the most Indian-owned firms, the Technology, Media, and Telecom (TMT) sector continues to lead, accounting for 31% of Tracker companies. Pharmaceuticals and chemicals hold strong in second place (22%). Notably, financial services rose to 9.5% of Tracker companies—their highest proportion in recent years—driven by the strategic expansion of Indian banks and financial institutions in London’s global finance hub, the report said.
“The findings of this year’s India Meets Britain Tracker stand testimony to the deep and historic relationship between these two great nations. It is evident that India continues to see the UK as a key investment hub, and a country in which Indian firms can flourish,” Anuj Chande, Partner and Head of the South Asia Business Group at Grant Thornton, said.
The report is produced in collaboration with the Confederation of Indian Industry (CII) and India Global Forum (IGF).
“As the UK and India enter a new era shaped by the Free Trade Agreement, India Global Forum’s UK–India Future Forum is becoming a vital modern platform, serving as a gateway to this next chapter of collaboration. It’s encouraging to see Indian investment in the UK not only rising but thriving. I have confidence that the UK–India economic relationship is on course for an even brighter and more dynamic future,” Manoj Ladwa, founder, chairman and CEO of The India Global Forum, said.