Top 10 IT Companies in Pakistan 2023

Pakistan’s IT industry is growing rapidly, and a significant portion of the industry’s revenue comes from IT exports. According to the State Bank of Pakistan, the country’s IT exports reached a record high of USD 2.1 billion in the fiscal year 2020-2021, which is an increase of 45% compared to the previous year. This represents a significant increase from previous years and is a positive sign for the country’s IT industry.

The government has also set a target of increasing Pakistan’s IT exports to $5 billion by the current year 2023 and has implemented several initiatives to support the growth of the sector. These initiatives include tax incentives, the establishment of technology parks, and the development of a national broadband policy to increase internet connectivity.

The following are some of the top 10 IT companies in Pakistan that are actively involved in IT exports:

1. Systems Limited

Systems Limited is a software development and IT consulting company based in Lahore, Pakistan, with a global presence. The company is publicly traded on the Pakistan Stock Exchange and as of 2022, it had a market capitalization of approximately PKR 39.7 billion (about $250 million USD). According to the company’s financial statements, its revenue for the year ended December 31, 2021, was approximately PKR 12.8 billion (about $80 million USD).

The company has a significant presence in the local and international markets and offers a range of software solutions and IT services to clients in various industries.

Also Systems Limited is collaborating with TECHJUICE. The theme of the event is focused on predictive artificial intelligence (AI) in Pakistan and how it helps business strategy.

Overall, Systems Limited’s strengths lie in its domain expertise, product development capabilities, digital transformation services, customer-centric approach, and international presence. The company has a diverse portfolio of services and solutions and is well-positioned to meet the needs of clients in various industries.

2. i2c Inc

i2c Inc is a financial technology company headquartered in California, USA, with operations in Pakistan and other countries. The company provides a cloud-based platform that enables businesses to issue and manage digital payments, including credit, debit, and prepaid cards, and other financial products and services.

As of 2022, i2c Inc had a global workforce of over 1,200 employees, with a significant portion of its employees located in Pakistan. The company’s employees include software developers, engineers, designers, project managers, and other technical and non-technical staff.

According to the company’s financial statements, its revenue for the year ended December 31, 2021, was over $200 million USD. The company has been growing rapidly over the years, and its revenue has increased from $70 million USD in 2016 to over $200 million USD in 2021.

Overall, i2c Inc’s strengths lie in its advanced technology, diverse service portfolio, global presence, commitment to quality, and skilled workforce. The company has a strong reputation in the digital payments industry and is well-positioned to meet the needs of clients in various geographies and industries.

3. Netsol Technologies

Netsol Technologies is a software development company that specializes in providing leasing and finance software solutions. According to the company’s financial statements, its consolidated revenue for the year ended June 30, 2022, was approximately PKR 16.6 billion (about $103 million USD). The company has been growing steadily over the years, and its revenue has increased from PKR 6.3 billion in 2015 to PKR 16.6 billion in 2021. Netsol Technologies has a global team with a 2414+ workforce that is operational in 8 different cities.

Netsol Technologies is a leading software development company based in Pakistan, with a presence in North America, Europe, and the Asia-Pacific region. The company specializes in providing leasing and finance software solutions and has a strong reputation in the industry.

Overall, Netsol Technologies’ strengths lie in its product development capabilities, global reach, domain expertise in the leasing and finance industry, technology innovation, and customer support. The company has a strong reputation in the industry and is well-positioned to meet the needs of clients in the leasing and finance sector.

4. KeepTruckin Motive

KeepTruckin is a technology company based in San Francisco, California, with operations in multiple locations worldwide, including in Lahore, Pakistan. As a privately held company, KeepTruckin does not publicly disclose its revenue, but according to industry reports, it is estimated to have an annual revenue of over $100 million.

As of 2022, KeepTruckin has a global workforce of over 2,000 employees across its various locations. In Pakistan, the company has a strong presence with over 300 employees working out of its Lahore office.

Overall, KeepTruckin’s strengths lie in its fleet management and compliance solutions, as well as its commitment to improving safety and reducing risk in the transportation industry. The company’s technology and software solutions are used by thousands of businesses worldwide, and it is considered one of the leading companies in the transportation technology space.

5. 10Pearls

10Pearls is a global technology services company that provides end-to-end software development, digital transformation, and technology consulting services to clients worldwide. The company is headquartered in Herndon, Virginia, with additional offices in Pakistan, Canada, and Dubai.

As a privately held company, 10Pearls does not publicly disclose its revenue. However, according to industry reports, the company is estimated to have annual revenue of over $50 million.

As of 2022, 10Pearls had a global workforce of over 1,500 employees across its various locations. In Pakistan, the company has a strong presence, with over 1,000 employees working out of its offices in Karachi, Lahore, and Islamabad.

6. Abacus Consulting

Abacus Consulting is a professional services firm based in Lahore, Pakistan, with a global presence. As a privately held company, Abacus Consulting does not publicly disclose its revenue. However, according to industry reports, the company is estimated to have annual revenues of over $50 million.

As of 2022, Abacus Consulting has a global workforce of over 2,000 employees across its various locations. The company’s employees include consultants, analysts, project managers, and other technical and non-technical staff.

7. Affiniti

Afiniti has a significant presence in Pakistan and has multiple offices in the country, including in Islamabad and Lahore. As of 2022, 10Pearls has a global workforce of over 1,900+ employees across its various locations.

According to reports, Afiniti employs several hundred people in Pakistan, with the majority of its development and research teams based in the country. The company actively hires fresh graduates and experienced professionals for a range of technical and non-technical roles, including software development, machine learning, data science, project management, sales, and marketing.

In terms of services, Afiniti’s operations in Pakistan are focused on research and development. The company has established research centers in Lahore and Islamabad, where its teams work on developing and improving the company’s AI technology, including its call center routing system and other applications.

8. Folio3 Software

Folio3 Software is a software development company headquartered in California, USA, with additional offices in Pakistan and the United Arab Emirates.

According to Folio3 Software’s website, the company has over 850+ employees globally, with the majority of its workforce based in Pakistan. The company actively hires both fresh graduates and experienced professionals for a range of technical and non-technical roles, including software development, quality assurance, project management, and digital marketing.

As for the company’s revenue, this information is not publicly available. However, according to Folio3 Software’s website, the company has worked with several leading global brands and has received recognition for its work from organizations such as Clutch and GoodFirms, which suggests that the company is generating significant revenue from its operations.

Folio3 is working on AI that brings transformative change to multiple industries, such as healthcare, education, transportation, and travel with Machine Learning.

9. Tkxel

Tkxel is a software development and digital transformation company headquartered in Fairfax, Virginia, USA, with additional offices in Pakistan and the United Arab Emirates.

S&P Global Pakistan has a global team with a 770-plus workforce that is operational in different countries. In Pakistan, tkxel has a highly skilled and trained workforce of over 300 employees.

Tkxel offers a wide range of software development and digital transformation services, including custom software development, mobile app development, cloud services, e-commerce solutions, digital strategy, and product design. The company’s products and services are designed to help businesses accelerate their digital transformation and leverage the latest technologies to achieve their business objectives.

10. Nextbridge

Nextbridge is a software development company based in Lahore, Pakistan, with additional offices in the United States and Europe.

According to the company’s website, Nextbridge has over 636+ employees who specialize in software development, quality assurance, project management, and other IT-related services. The company provides a wide range of services, including custom software development, mobile app development, cloud services, e-commerce solutions, artificial intelligence and machine learning, blockchain development, and digital marketing. Nextbridge also offers staffing services and dedicated development teams for clients who need to scale their IT operations.

Conclusion of Top 10 IT Companies in Pakistan

So those are the top 10 IT companies in Pakistan. Please note that these revenue figures are approximate and subject to change. Additionally, other companies may also be considered leading IT companies in Pakistan based on their areas of expertise, customer base, and other factors.