According to the latest annual India Meets Britain Tracker, compiled by global financial advisory firm Grant Thornton in partnership with the Confederation of Indian Industry (CII), the total revenues of Indian owned companies operating in the UK rose to GBP 72.14 billion, up from GBP 68.09 billion in 2024.
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The number of Indian owned companies operating in the United Kingdom has seen a significant 23% year-on-year increase, rising to 1,197 firms in 2025. This marks the steepest pace of annual growth recorded to date, underlining the deepening economic partnership between India and the UK. The findings are part of the 12th edition of the annual ‘India Meets Britain Tracker’, jointly released by global financial advisory firm Grant Thornton and the Confederation of Indian Industry (CII).
Launched during India – UK Week at the India Global Forum (IGF) in London, the report was unveiled by Indian Commerce and Industry Minister Piyush Goyal and the UK’s Business and Trade Secretary Jonathan Reynolds. Minister Goyal is currently in the UK on a two-day official visit to further discussions on the implementation of the long-anticipated India-UK Free Trade Agreement (FTA) and to explore new avenues to boost bilateral trade and investment.
According to the Tracker, the combined revenues of Indian-owned businesses in the UK rose to GBP 72.14 billion in 2025, up from GBP 68.09 billion in 2024. These businesses now collectively employ 126,720 people across the UK, with over 8,000 new jobs created within the past year alone. The companies also paid GBP 67.3 million in corporation tax, demonstrating their expanding economic footprint in the country.
The 2025 Tracker companies achieved an average annual growth rate of 42% and reported a combined turnover of GBP 32.6 billion. Twenty new companies joined the Tracker this year, while 41 remained from the previous edition, reflecting strong continuity and fresh momentum in Indian business activity in the UK.
Wipro IT Services UK Societas topped the growth rankings with a staggering 448% surge in revenues, followed by new entrant Zoho Corporation Limited, which recorded 197% growth. These figures highlight the growing influence of Indian tech and IT service companies in the UK market.
From a regional perspective, London remains the preferred destination, hosting 47% of the Tracker companies, due to its strategic location, robust infrastructure, and proximity to global markets. Additionally, this year’s report saw a rise in female representation in leadership, with 24% of directors being women, up from 21% last year—signaling progress in gender diversity.
Strategic Significance in a Changing Global Landscape
The increasing investment also comes against the backdrop of negotiations on the India-UK FTA, which, once finalized, is expected to further facilitate trade flows, enhance market access, and strengthen investor confidence.
Manoj Ladwa, Chairman of the India Global Forum, emphasized the growing synergy between the two countries: “As the UK and India enter a new era shaped by the free trade agreement, the India Global Forum’s UK-India Future Forum is becoming a vital modern platform. It’s encouraging to see Indian investment not only rising but thriving in the UK.”
The CII echoed this sentiment, highlighting the broader impact of Indian foreign direct investment (FDI) in the UK: “This year’s report underscores the true value of the symbiotic relationship between Indian FDI and the UK economy. The continued presence and expansion of Indian businesses show the mutual benefits of this evolving partnership.”
As India emerges as a global economic powerhouse and the UK seeks to reposition itself as a leading trade hub post-Brexit, the India-UK bilateral relationship is set to become even more pivotal. The growing presence of Indian companies in the UK stands as a clear indicator of mutual trust, shared business values, and long-term strategic alignment.
With trade, technology, and talent at the heart of this engagement, the India Meets Britain Tracker offers a hopeful glimpse into a future where the collaboration between these two democracies drives inclusive and sustainable global growth.
