Top 15 Highest Paying Companies for Software Engineers in India 2024

With Indian software engineers estimated to overtake the number of software engineers in the USA by 2023, the future of software engineering as a career seems to be thriving in India. 

Software engineering has been a prominent career choice among STEM candidates for countless reasons. From managing a dynamic role to countless perks offered under reputed companies, the benefits are numerous. However, being one of the most lucrative roles still exceeds to be the number one reason why candidates explore the world of software engineering and development. 

Some of the highest paying companies in the world are looking to employ skilled software professionals to contribute to their growth. With the right skills and experience, such as offered under upGrad’s Master of Science in Computer Science from LJMU, you can claim the highest paying software engineering jobs.

Here’s how you can find yourself highest paying IT companies in India!

Criteria for Selection of the Companies

While curating the list of the highest paying companies for software engineers, there is a checklist to keep in mind. The companies must be filtered based on:-

1. Salary Packages: Companies that offer attractive compensation packages to software engineers are sure to make it to the list. Pointers such as base salary, bonuses, stock options, and other perks too should be factored in.
2. Reputation: Companies that are known for their excellence in software development, innovation and a positive work environment, too, have much to offer when it comes to employee satisfaction.
3. Employee Reviews: Reviews and feedback from current and former company employees speak tonne about the work culture, employee satisfaction, work-life balance and salary levels.
4. Growth Opportunities: Some companies might offer lucrative packages but lack upskilling opportunities. Organisations that offer career advancement, training programs, mentorship, and the chance to work on challenging projects will definitely rank higher on the list.
5. Employee Benefits: Look into the additional benefits and perks the companies offer. This includes healthcare benefits, retirement plans, vacation policies, parental leave, and other incentives contributing to overall job satisfaction.

Why choose a career in Software Engineering?

Software engineering as a profession will continue to be in high demand as technology develops. To assist them in solving complex computing issues, businesses are continuously looking for competent engineers, simultaneously giving rise to the highest paying Software Engineering jobs in India and abroad. 

Software engineering can be the ideal profession for you if you prefer a challenge and enjoy resolving technological issues. Despite the fears surrounding software engineering slowly losing significance, it continues to evolve and predicts a 25% growth in job opportunities in the upcoming years. 

Being a Software Engineer has several benefits, one of which is the fact that your abilities and knowledge are highly valued everywhere you go. This entails that working from almost anywhere is not too difficult, giving you all the more reasons why becoming highest paid software engineers is a dream that many STEM aspirants are chasing for a solid reason. 

15 Best Companies for Software Engineers in India

Wondering which company pays the highest salary for software engineers? Let us take you through a detailed list of the top highest paying companies for software engineers in India!

1. Flipkart

The Indian e-commerce giant Flipkart is one of the leading places for software engineers to seek a career, helping the company manage over 167 million monthly visitors. The company needs hundreds of skilled Software Engineers to keep functions up and running smoothly.

When it comes to their pay, you won’t believe the scale this e-commerce brand has to offer! With an average package of INR 22 LPA for Software Engineers, Flipkart offers a 300% hike from any average Internet company hiring Software Developers. 

2. Google

As one of the world’s largest Internet businesses, Google needs many experienced  Software Engineers to operate its services smoothly. From entry-level L3 to the highest level, L8, there are many tiers of engineers at Google.

With a whopping average pay scale of INR 44.3 LPA, Google pays its Software Developers 706% more than the trending average salary. No wonder their interviews are one of the toughest to crack! 

3. Adobe Systems India

When it comes to the highest-paying companies for Software Engineers, Adobe Systems India is not one to be overlooked. Adobe Systems is distinguished by its reputation for offering a work environment that promotes a healthy workplace culture and encourages work-life balance. 

In addition to providing amazing benefits to its staff members, the company boasts INR 29.3 LPA package when it comes to the average pay of a Software E. At the SDE 1 level, a beginner can expect a minimum salary of INR 13.5 LPA. 

4. Paytm

Paytm is unquestionably one of the major names among today’s financial services companies. In addition to promoting innovative and intriguing initiatives that present professional advancement opportunities, Paytm offers its Software Engineers a salary of INR 13.27 LPA.

Acquiring a job at Paytm is just a program away, with Full Stack Software Development Bootcamp from upGrad that equips learners with an in-demand dynamic skillset!

5. Oracle

For Indian software professionals looking for a fulfilling career with a global presence, Oracle Corporation is a fantastic option. The business constantly seeks top-tier engineers to join its team and support its innovative culture.

The company offers an average pay of INR 16 LPA to its Software Engineers, about 190% more than the average scale. Oracle also opens up several facets for career development, which further adds to the hype of working here.

6. Uber

Uber India could be a fantastic choice if you’re seeking the highest-paying software jobs. They have engineers at five distinct levels, with the staff Software Engineer being the highest. 

With a pay scale of 1481% greater than the average, Uber offers a lucrative package of more than INR 85 LPA to its Software Engineers. 

7. Amazon

Amazon, one of the largest tech companies in the world, has a four-tier system for its Software Engineers, from SDE 1 to Principal SDE. It is a sought-after workplace location since employees are well-compensated with attractive pay and first-rate perks. 

A Software Engineer at Amazon India is offered an average package of about INR 30 LPA. No wonder the company houses some of the most promising Software professionals in the world.

8. Capgemini

A great place to work for Software Engineers in India, Capgemini is recognised for offering flexible work schedules and generous leave policies that promote a healthy work-life balance.

The smartest and brightest engineers are always sought, and Capgemini is known for its proactive approach to hiring them. Capgemini offers its Software Engineers an average salary of INR 4.5 LPA with added perks.

9. Microsoft

Microsoft is a well-known tech company with the highest Software Engineer salary. What genuinely sets Microsoft apart from its competitors is the constant commitment to employee development and the job security it offers. 

With an average pay scale of INR 29 LPA, Microsoft also rewards their employees with lucrative perks. 

10. Infosys

India-based Infosys has been in business since 1981 and is a well-known software provider. It’s one of the biggest participants in the sector, employing more than 190,000 people worldwide. 

The business also provides competitive salary and benefits packages for its staff, boasting an average salary for its Software Developers at INR 7.7 LPA. 

11. TCS

Unquestionably a household name in the Indian software industry is Tata Consultancy Services (TCS). They are well known for offering various services, including outsourcing, IT consulting, and software development. 

The average salary for a Software Engineer at TCS is around INR 5.7 LPA. Additionally, TCS provides various career advancement opportunities that let you climb the corporate ladder and realise your professional goals.

12. Wipro

Wipro Ltd. may be the ideal employer for you if you want to be one of the highest paid Software Engineers in India. Wipro is unquestionably a business to consider, with a strong emphasis on innovation and a track record of offering outstanding work-life balance.

Wipro’s variety of employee benefits makes it stand out from other businesses. The company offers an average salary of INR 6.9 LPA to its Software Engineers, making sure to only hire the very best talent.

13. Tech Mahindra 

The dedication to staff development at Tech Mahindra makes it one of the most desirable employers. It provides a range of training and development opportunities so that staff members can keep up with the most recent developments in technology and market trends. 

With an average salary of INR 5.4 LPA, Software Professionals working for Tech Mahindra have a bonanza of opportunities to upskill themselves.

14. HCL Technologies Ltd.

HCL Technologies Ltd. is a terrific option if you’re a Software Developer searching for a top-tier business in India. With competitive pay, extensive benefits, and a good work-life balance, this organisation looks out for its staff. 

HCL Technologies is also famous for its cutting-edge technology; thus, its engineers are constantly abreast of the most recent developments in their industry. The average salary for a Software Engineer or a Developer at HCL is more than INR 4.5 LPA.

15. Cognizant

Software engineers seeking employment at a prestigious multinational software company frequently choose Cognizant. 

In order to produce cutting-edge software, Cognizant is dedicated to innovation and actively seeks the greatest personnel. The average salary for a Software Engineer at Cognizant is around INR 7.65 LPA. 

Future Trends in Software Engineering Salaries in India

In their recent report, the World Economic Forum detailed that Software Engineering has been one of the top 5 emerging job domains in India.

As the number of IT companies continues to increase, there is a corresponding rise in the demand for software engineers. Software engineering serves as a crucial link between the IT industry and computer science, with engineers playing a pivotal role in this connection. As technology continues to advance rapidly, the result is an automatic increase in job opportunities within the software engineering sector. 

This growth leads to more job openings and impacts the pay scale within the industry. 

Conclusion

There are numerous opportunities for professional growth and development in the discipline of Software Engineering. The high demand for Software Engineers bodes well for future job opportunities. However, you can further enhance your chances of getting your dream job in Software Engineering with the appropriate training and preparation, such as offered under leading upGrad programs like the Executive PG Programme in Full Stack Development from IIITB.