ker was launched in London during the UK-India Week by India’s Commerce and Industry Minister Piyush Goyal and the UK’s Secretary of State for Business and Trade, Jonathan Reynolds. The launch coincided with ongoing discussions to finalize the long-anticipated UK-India Free Trade Agreement, a pact expected to significantly elevate trade and investment flows between the two nations.
Rising Revenues, Expanding Workforce
The Indian-owned firms in the UK recorded a combined revenue of GBP 72.14 billion (approximately Rs. 7.67 lakh crore), up from GBP 68.09 billion in the previous year. These companies now employ over 126,700 people—a net addition of more than 8,000 jobs over the past 12 months.
The 2025 Tracker specifically highlights 20 new entrants and 41 firms that retained their place from the previous edition. Collectively, the companies tracked this year achieved an average growth rate of 42%, contributing GBP 32.6 billion in turnover and GBP 67.3 million in corporation tax. More notably, these businesses have generated over 56,000 jobs across the UK.
Sector Leaders and Regional Insights
Among the highest performers, Wipro IT Services UK Societas emerged as the fastest-growing firm, clocking an extraordinary 448% increase in revenue. IT solutions provider Zoho Corporation followed closely with 197% growth. These results reflect the strength of the Indian technology and services sector in foreign markets.
Geographically, London remains the preferred location for Indian business headquarters, housing 47% of all companies featured in the Tracker. The capital’s established infrastructure, access to talent, and regulatory stability continue to attract Indian investment. Encouragingly, the proportion of female directors among Tracker firms also rose to 24%, up from 21% the previous year, suggesting progress toward greater boardroom diversity.
Strengthening Strategic Ties: FTA in Focus
The report arrives at a critical juncture in UK-India relations. With negotiations on the India-UK Free Trade Agreement reportedly nearing completion, Indian businesses appear to be positioning themselves for a new phase of cross-border trade liberalization.
Anuj Chande, Partner and Head of the South Asia Business Group at Grant Thornton, commented that the Tracker “testifies to the deep and historic relationship between these two great nations.” He emphasized that the UK remains a highly attractive market for Indian firms seeking scale, innovation, and regulatory transparency.
The Confederation of Indian Industry echoed this sentiment, noting that the data confirms the mutual value and strength of Indian foreign direct investment. “The forthcoming FTA is poised to turbocharge this relationship and usher in a golden era of bilateral commerce,” the CII said in its statement.
Outlook: Toward a Shared Economic Future
As economic power shifts and global partnerships evolve, the UK's embrace of Indian enterprise sends a clear message of openness and long-term collaboration. The continued surge in Indian investment underscores both commercial confidence and policy alignment at a bilateral level.
With the Free Trade Agreement expected to act as a catalyst for future engagement, Indian firms in the UK are well-positioned to play a pivotal role in shaping the next decade of Indo-British economic cooperation. The message from this year’s Tracker is clear: Indian business in the UK isn’t just growing—it’s thriving.
Conclusion:
The robust expansion of Indian businesses in the UK highlights a strategic alignment of two mature economies that are increasingly interdependent. With deepening corporate ties, increasing job creation, and policy-level momentum, the stage is set for a dynamic new chapter in the UK-India economic partnership—rooted in shared growth, innovation, and mutual respect.
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