New Delhi: In a strong signal of the deepening UK-India economic partnership, 1,197 Indian-owned companies are now operating in Britain—a 23 per cent increase from 971 in 2024—according to a report released in June. This represents the highest number recorded and the largest year-on-year rise since Grant Thornton began tracking figures in 2017.

The combined revenues of Indian-owned companies in the UK surged to £72.14 billion, up from £68.09 billion in 2024. These businesses employ 126,720 people across the UK and added more than 8,000 new jobs in the past year.

“The proportion of female directors has also risen to 24 per cent from 21 per cent in 2024. This year’s listing of the fastest-growing companies shows strong results, with 74 companies recording revenue growth of 10 per cent or more,” the report noted.

The 2025 Tracker companies achieved an average growth rate of 42 per cent, contributing to a combined turnover of £32.6 billion. Collectively, these firms paid £67.3 million in corporation tax and generated over 56,000 jobs.

“The findings of this year’s India Meets Britain Tracker stand testimony to the deep and historic relationship 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.

Produced in partnership with the Confederation of Indian Industry (CII), the report this year has been further enhanced by India Global Forum (IGF), bringing their extensive experience and influence in the UK-India corridor.

The report was officially launched by UK Secretary of State for Business and Trade, Jonathan Reynolds, and Union Commerce Minister Piyush Goyal during a special opening session at the Queen Elizabeth II Centre, part of IGF’s flagship programme in London.

“Wipro IT Services UK Societas tops the growth rankings with a 448 per cent revenue surge, followed by new entrant Zoho Corporation Limited, a corporate IT management firm that posted 197 per cent growth,” the report added.

London remains the leading destination, hosting 47 per cent of all Indian-owned companies, followed by the South of England with 24.3 per cent.

Sector-wise, the TMT (Technology, Media, and Telecommunications) sector continues to dominate, accounting for 31 percent of Tracker companies. Pharmaceuticals and chemicals are in second place at 22 per cent.

Significantly, financial services rose to 9.5 per cent of Tracker companies—their highest proportion in recent years—driven by strategic expansions of Indian banks and financial institutions within London’s global financial centre, the report stated.