Indian firms in the UK at record high, shows report

The UK is seeing a rapid growth in the number of companies owned by Indians, with the figure reaching its highest level to date, according to new research.

Grant Thornton’s 12th annual India Meets Britain Tracker, developed in collaboration with the Confederation of Indian Industry (CII), has identified 1,197 Indian-owned firms active in the UK.

This is a 23% increase from last year and the highest year-on-year growth since tracking began in 2017.

Combined revenues from Indian businesses in the UK rose to £72.14 billion, up from £68.09 billion in the previous year. These companies now employ 126,720 people, adding more than 8,000 new jobs in the past year. The share of female directors has grown from 21% to 24%.

According to this year’s Tracker, 74 Indian-owned companies that achieved at least 10% revenue growth. Of these companies, Wipro IT Services UK Societas led with a 448% increase.

New entrant Zoho Corporation Limited saw a growth of 197%.

The 2025 Tracker companies collectively reached a turnover of £32.6 billion and paid £67.3 million in corporation tax.

London is a host to 47% of the Indian firms operating in the UK. The South of England follows with 24.3%.

The technology, media, and telecom (TMT) sector comprises 31% of the companies, with pharmaceuticals and chemicals at 22%, and financial services rising to 9.5%.

“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,” said Anuj Chande, partner and Head of the South Asia Business Group at Grant Thornton.

The CII said that the timing of the report, coming soon after the finalization of the India–UK Free Trade Agreement, “highlights the true value of the symbiotic impact of Indian foreign direct investment in the UK.”

The report was officially launched on 18 June at the Queen Elizabeth II Centre in London, with participation from UK business and trade secretary Jonathan Reynolds MP and India’s commerce minister Piyush Goyal.