Explore Top Companies in Mumbai
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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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Based out of Mumbai, Codalyze is a diverse community of people committed to software development best practices to build beautiful web & mobile ap...
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We are an award winning full-service agency building Brands, delightful Digital Products and deciphering new ways to grow your busimess. From Strategy...
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ultraGenius is a developer network that connects US companies with pre-vetted remote Indian developers for full time, long term opportunities. We a...
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We make sure to provide top-class security services that make our clients trust us and our professionals. We strive to make our clients feel safe a...
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Ee are the best marketing strategy consultants in Navi Mumbai. We offer result-driven marketing strategies & consultancy services for Small and...
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We have been working in this marketing sector from the last seven years now and have every expertise, the main problem which every other creator face...
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Bitsy Displays are an established digital sign board supplier across India. We offer a wide range of digital signboards in: Hotel displays, In...
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Ink Narrates is a fully remote presentation design agency working globally. Ambitious brands change the world and our presentation designers love craf...
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Netcloudo Software Solution Pvt. Ltd. is an Indian based multi-service provider agency. We give support to our customers in digital marketing for grow...
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Bellwether is a real estate sales and marketing company in Mumbai with tech-backed and innovation-driven marketing solutions. Determined to enhance th...
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Mirackle Solutions is one of the best Website Design Company in Mumbai offering bespoke Web Solutions to customers in India & Overseas. Having se...
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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 business - 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 payscale, the tech average wage in Mumbai is estimated to be 804K INR or almost $11000 USD/year, but of course, it may vary from company to company. The high competition among Indian tech companies lead 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 in 2020 critical levels. 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 that 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.