Grant Thornton research highlights record number of Indian-owned businesses in the UK

New research for the 12^th edition of the Grant Thornton India meets Britain Tracker has revealed that there are now 1,197 Indian-owned companies operating in the UK, an increase of over 23% on 2024 when 971 were recorded.

This is the highest number identified, and the largest year on year increase, since Grant Thornton began tracking exact total numbers in 2017 i and highlights the growing strength of the India–UK economic relationship.

The Tracker identifies the fastest growing Indian-owned companies in the UK as well as the top Indian employers. It also provides insight into the evolving scale, business activities, locations, and performance of the Indian-owned companies making the biggest impact in the UK.

This year the 12-year Grant Thornton report produced in collaboration with Confederation of Indian Industry has been strengthened by the addition of India Global Forum (IGF), who enhance the report with their long-standing, expertise, experience and influence in the India UK corridor. It also follows the recent finalization of the ground-breaking India / UK Free Trade Agreement.

The report will be officially launched on the 18^th of June by the UK Secretary of State for Business and Trade, the Right Honorable Jonathan Reynolds MP, and the Indian Commerce Minister Piyush Goyal, during a special opening session at the Queen Elizabeth II Centre, as part of IGF’s London flagship programme.

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 proportion of female directors has also increased to 24% from 21% in 2024.

This year’s listing of the fastest-growing companies also delivers strong results, with 74 companies recording revenue growth of 10% or more.

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.

 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.

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%).

In terms of the sectors with the most Indian owned firms, the 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.

Anuj Chande, Partner and Head of the South Asia Business Group at Grant Thornton said, “The findings of this year’s India Meets Britain Tracker stand testimony to the deep and historic relationship and 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.

“As the recent milestone UK/India Free Trade Agreement highlighted, there is a distinct economic commonality between the UK and India and a mutual desire to trade and invest more with one another. The UK government has said the deal would boost trade by an additional £25.5bn a year by 2040 which will give UK SME’s and corporates much better access to the fastest growing economy and an increasing middle-class population of 300m plus.

“My congratulations go to all the companies featured in the 2025 Tracker, especially those who return year after year. Their achievements stand as a testament to the resilience, ambition, and global leadership of Indian-owned firms in the UK.”

Manoj Ladwa , Founder Chairman and CEO of The India Global Forum, added,“The radical reforms of the Indian economy over the past decade have revolutionised the global outlook of the country and the ambitions of its businesses. This year’s India Meets Britain Tracker underlines just how engaged Indian businesses are with the UK as a key trading partner and investment hub.

“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.”

The Confederation of Indian Industry said, “Coming at such a significant time in the ongoing development of the strong trade links between India and the UK, this year’s report highlights the true value of the symbiotic impact of Indian foreign direct investment in the UK. The recent announcement of the conclusion of the Free Trade Agreement negotiations will turbo-charge this relationship further and leads us into a golden era of India/UK trade, which we can all look forward to.”