Explore Top Companies in Mumbai
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Modern Veer Rays Security Force offers expert security, advanced tech, and tailored solutions for all needs.
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A Suit for Enterprise Services and Products For the World Of Logistics.
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Highrise - India's First Construction ERP Software is useful for builders, contractors, infrastructure, townships, interior, HVAC & SEZ projects.
A Social Media Marketing For Hospitality and Online Marketing Agency in Mumbai. Focused on ROI Driven Google Ads and Social Media Marketing Services....
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Pulse Solutions helps accelerate growth through custom software solutions that solve specific business problems. We often integrate disconnected syste...
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Your IT- Our Business
digital marketing freelancer in mumbai
Best Studios In Mumbai - 9 Wings Studios
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Rishita Akhade: Mumbai's Trusted Freelancer for Effective Digital Marketing
we build websites that represent your brand with our specialized uiux
Exhibitum X stands out as a premier exhibition stall design company in India.
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Pillai College of Engineering (PCE) formerly known as Pillai Institute of Information Technology
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Best FEMA Consultant Advisory in India
We are a team of dynamic and experience professionals dedicated to designs, branding and Digital Marketing needs. We are result driven digital marketi...
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DGmark Institute is the fastest growing Digital Marketing Training Institute in Goregaon, Mumbai offers Advanced digital marketing courses in Mumbai.
Webstream Communications Group is a Global name in the business of Physical, Hybrid & Virtual Event Management Services as well as Platforms.
Flurrish Factor is a brand-driven digital marketing agency in Mumbai, India.
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The best digital marketing agency in Dubai
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Enhance DX & Revenues with Mobile App Dev Services
FinPlus is the most trusted eCommerce Service Provider in India, Web Design & Development Agency in Mumbai & the Top Digital Marketing Company Bandra.
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We are the top SAP Business One Gold Partner and have 20 years of experience in SAP Business One. We offer world-class implementation consultant.
Growing brand with online strategies with best ROI
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The IT Industry in Mumbai: General Portrait
Mumbai is India’s economic capital and among some of the most developed tech centers in Asia. But even though it would be expected for the FinTech industry to be the main contributor to the local economy, the tech sector is surprisingly surpassing all other industries and is considered the top key industry.
According to Indiatimes, Mumbai has one of the highest tech job opportunity growth in Asia, and more exactly 32.5% which makes it a promising place for both tech companies and skilled professionals. However, investors are somewhat cautious in investing in tech startups and rather prefer to bid on solid and sustainable businesses, the main reason for that being the unstable startup ecosystem. With all these, the Mumbai tech industry still manages to attract new professionals, especially those who are returning from overseas, with rich experience in the field.
According to SalaryExpert, the tech average wage in Mumbai is estimated to be over $11000 USD/year, but of course, it may vary from company to company. The high competition among Indian tech companies leads to lower prices/project and lower hourly rates, which also means that Mumbai is a good place to find IT and software companies that charge lower than other Western companies per project.
At the same time, one of the biggest challenges IT companies face is the talent shortage, which reached critical levels in 2020. According to the same source, the shortage of entry-level devs was 46,6%, middle level - 33.87%, and senior-level over 19%. The problem is expected to be solved in the near future, mainly because of young professionals who graduate from tech universities in Mumbai, and also due to talent migration within India.
In case you are searching for a partner for a tech project in India, Mumbai is surely one of the best destinations you should explore.