Top Software Development Companies

Best Software development companies include Binmile Technologies, Appinventiv, Altoros, CronJ IT Technologies Private Limited, & Gencosys Technologies Pvt. Ltd. They usually provide software solutions for their clients in a customized way. They create options that suit multiple platforms for use by different clients.

Which Are the Best Software Development Companies in India?

Software solutions are the answer to any modern-day challenge. You can either develop applications for internal use or offer them as products to your customers. If you want to build a solid, fully-functioning software solution, choose the best software development company from India.

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List of 20 Best Software Development Companies

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Top Software Development Companies in Leaders Matrix

Check out the Best Software Development Leaders Matrix on SoftwareSuggest. Leaders Matrix is determined by carefully examining each product and seller, paying close attention to variables such as features, reviews, customer support, integration, interference, traffic, social media engagement, and usability, among others. This in-depth Software Development assessment exercise intends to help our users in making informed decisions and, ultimately, picking the best product that helps them achieve their business goals.

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Software Development Company Buyer's Guide

What is Software Development?

Software development refers to a set of activities that are dedicated to the process of creating, designing, deploying, and supporting software. The development process is carried out through computer programming. It involves initial research, data flow design, process flow design, flow charts, technical documentation, software testing, debugging, and other software techniques.

Why We Need Software Development?

Why do we need software development

Entrepreneurs have an option of buying ready-made software or get customized software from a reliable web development company. While purchasing software can help companies get started immediately, it may or may not fit their business needs.

It is best to hire a software development company in India and get custom software made. Designing and developing software has a host of benefits. Some of them are listed below.

1. Business Process Optimization

Each business has its in-house processes. Making changes to these procedures to suit a specific application is not easy. However, if companies decide to develop software, there is no need to change the processes. Software development will help in optimizing processes and not replace them. In the long run, it will help save time and human efforts.

2. Reduces Costs

Organizations are often wary of the process of custom software development. Many of them think that it is costlier than buying a ready-made solution. While a custom solution is expensive when compared to a ready-made software, it helps cut costs in the long-term.

As businesses grow in size, a ready-made software will fail to meet business requirements. Companies at that point need to start the process again and invest more resources.

However, custom software will allow businesses to anticipate the growth process. Businesses can plan their requirements and future needs and then design a solution that will be relevant in the long run. The software will also save the hustle of constant repair and updates. 

3. Stay Ahead of Competitors

Custom software works on solving business problems and increasing organizational efficiency. Having such software is a big advantage over other market players. However, if an organization’s competitors are also using them, it allows companies to catch up with the progress. Moreover, if organizations do extensive planning for technical improvements, they can easily gain a competitive advantage. 

4. Easy Customization

Business processes keep changing with the market dynamics. In order to keep customers satisfied, it is necessary that companies have a stronghold on the market. With customized software, organizations can easily integrate new technologies into their existing software and stay updated with the latest marketing trends. 

What is an Offshore Software Development Company?

An offshore software development company is a partner company that provides software development services to foreign organizations. The services may include web app development, mobile app development, and web development. 

Let us have a look at some of the pros and cons of outsourcing work to a software development company. 


1. Some countries have a lower cost of living and charge less in hourly rates. Moreover, there is stiff competition among companies. This means that they offer extra services at the same price.        

2. Offshore employees have a diverse software development skill set. This helps them to complete tasks better and faster. 

3. There is no need to train or administer employees. Moreover, the offshore company takes care of operational costs, office space, and recruiting equipment. 

4. The offshore companies also manage the risks involved in projects as they impact the end result. This leads to faster processing and completing deadlines. 


1. There can be communication issues due to different time zones, working hours, and bandwidth. Timely monitoring and resolving issues could be problematic. 

2. Work ethics, culture issues, and what’s offensive and what’s not can lead to unpleasant situations, if not discussed beforehand. 

3. While outsourcing will reduce costs, there are equal chances of hiring a team with a lack of skills and commitment to do the job. 

4. In the era of fraud of hacking, handling out sensitive data to offshore teams is not a wise idea. A signed contract may or may not be a 100% guarantee of trust.

What are Software Development Methodologies?

Software Development Methodologies

Let us look at the most pervasive software development methodologies. Each methodology has its own set of strengths and weaknesses.

1. Agile Development Method

The agile development methodology is used by developers to minimize risks when adding new functionalities. These risks include bugs, changing requirements, and cost overruns. 

The agile method allows the release of features in mini-increments. This helps in eliminating possible errors and bugs. Some of the agile development methods include scrum, crystal, extreme programming (XP), and feature-driven development (FDD).


Iterative releases or releasing in mini-increments allows users to realize the software benefits earlier. 


1. It works on real-time communication, so new users have no access to documentation. The process is labor-intensive and requires a huge time commitment from users. The developers need to complete all features within iterations for user approval. 

2. Agile development methods can be inefficient in large organizations. Programmers and managers may have difficulties in adjusting to an agile software development life cycle.

2. Waterfall Development Method

The waterfall development method works focusing on distinct phases. Each phase must be complete before the next phase can start. These include requirements, design, implementation, verification, and maintenance. Moreover, there is no process to go back and modify the project and direction. 


The linear nature of the method makes it easy to understand and manage. It is ideal for projects with clear objectives and stable requirements. Moreover, less experienced project managers and teams whose composition changes frequently can highly benefit from the waterfall development methodology, as the methods follow a definite pattern.


The method is slow and costly due to its rigid structure.

3. Rapid Application Development

Rapid application development is a condensed development process. It produces high-quality systems with low costs. The process allows developers to quickly adjust to the shifting requirements, which results in low investment costs.

The method contains four phases. These include requirements planning, user design, construction, and cutover. Moreover, the user design and construction phase are repeated until the user is satisfied with the product. 


It is ideal for projects having well-defined business objectives and user groups. RAD is useful for short and medium time-sensitive projects. 


It requires a stable team composition and highly skilled developers. Organizations lacking resources are unlikely to benefit from RAD.

What are the Software Development Phases?

The software development life cycle has been divided into several phases. Each phase produces deliverables that are required in the next phase. Developers come up with designs on the basis of client requirements and then translate it into code. Post coding and development, developers test and implement the software against requirements. Let's understand the different phases of software development. 

1.Understanding Requirements and Analyzing Needs 

This phase involves holding meetings with managers, stakeholders, and users to determine the requirements. These discussions help get a clear idea about the users of the systems and how it will be useful for customers. After collecting all the requirements, developers analyze the possibility of these requirements. Later, they study the possibility of incorporating the requirements in the system.

After studying they create a requirement specification document that serves as a guideline for the design phase. The testing team starts the test planning phase after completing the requirement analysis. 


The design phase involves designing the software with requirement specifications from the first phase. The system design also specifies hardware and system requirements and defines the overall system architecture. The design specifications act as an input for the testing phase. The testers decide on what to test and how to test in the design phase. 


The implementation phase involves dividing the work into units and starting the coding process. The developer works on the system design documents and focuses primarily on developing the code. It is the longest phase of the software development cycle. 


After writing the code, developers test it to ensure that it actually solves the needs gathered during the requirement phase. The process involves all types of functional and non-functional testing. These involve unit testing, integration testing, system testing, and acceptance testing. 

5. Deployment

The customers then do beta testing. This involves testing the product in a real environment and checking its efficiency. Post testing, customers can report any bugs found. The team of developers then fixes these bugs and then the final deployment takes place.

6. Maintenance

Actual issues in a developed product start coming up when customers use them. The maintenance phase involves timely solutions to these problems and making changes to the system if needed. 

7 Tips for Choosing the right Software Development Company

Tip for choosing Software development company

Businesses are digitizing as many processes as possible for better results and efficiency. They can either choose to hire a custom software development company or a team that provides software development services. Here are a few tips that will help companies choose the best software development companies in India.

1. Technical Expertise

Organizations must check the technical and subject knowledge of the custom software development company. They should ask relevant questions and also have a look at the projects completed by the firm. This will provide an insight into the experience of developers and their ability to follow deadlines.

2. Common Vision

A software development company must work towards understanding an organization’s visions and goals. Similarly, a company should also understand the software development firms working style and the amount of workload they can handle. However, if both parties do not have the same goals, it is advisable that the company looks for a different software development firm.

3. Company Size

An organization must choose a software development company in India similar to its size. If the company is large, it may or may not pay enough attention to a mid-sized company. Also, if the company is small-sized it may lack experience and manpower to fulfill requirements.

4. Technology Stack

Enterprises must look for software development services that have experts in various technologies. For example, an organization needs an Angular JS expert for the front end and requires Node JS for the server-side. A software development firm having both experts will lead to a win-win situation for both the client and the company. Hence, it is wise to choose a software development company that has experienced software developers with a variety of expertise.

5. Smooth Communication

Organizations must lookout for a software development firm that believes in communicating regularly with their clients. A software development company that uses tools to note the daily work progress and communicates the same to clients is ideal.

6. When to say “No”

A software development company that says “yes” to all the requirements of an organization is simply trying to get a contract. However, a company having professional software developers will clearly state impractical demands and also provide guidance on the various aspects of software development. Also, they will be clear on deadlines and say no to unjust demands.

7. Budget-Friendly

An enterprise must take into account their budget requirements. Software development companies that works well within budget and deliver quality products are ideal. Moreover, the software development company must clearly state additional charges that will be spent while developing the product. 

What does a Software Developer do?

Software developers are the creative minds behind computer programs. They make applications that allow people to do tasks on a computer or device. Developers usually work closely with computer programmers. However, in some companies, developers write code themselves instead of giving instructions to programmers. Let us have a look at the duties of a software developer. 

  • Analyze users’ needs and make a strategy to design and develop the software 
  • Search and recommend software upgrades for customers’ existing programs and systems  
  • Plan and design each part of the application and decide how will it work together
  • Create models and flowcharts to help the programmers develop code needed for the application
  • Ensure smooth functioning of the program through software maintenance and testing
  • Document every aspect of the application as a reference for future upgrades and maintenance

Software developers must identify the core functionality that users need from the software. Moreover, they should also ensure that software is secure and capable of optimum performance. If users or testers find the program difficult to use, software developers go back to fix the problems or improve the program. Post the application is released, a developer may need to perform upgrades and maintenance. 

How much do Software Development Services Cost?

The cost of software development involves the time and effort made by every team member in a software development firm. Moreover, there are costs involved in quality control, auditing, and addressing security issues. Here are a few things that make up the average cost of software development.

  • Resources needed for completing tasks
  • Purchase and maintenance of equipment
  • Software purchases and maintenance
  • Renting an office, paying the bills
  • Risks related to the project

Let us have a look at some of the factors that affect the cost of software development. 

1. Size

The larger the number of screens more will be the software development cost. A screen refers to the elements a user sees after launching the app. A screen view with a personal profile and a screen where the user is editing their details are two different screens. Small applications have about 10-20 screens, medium-sized applications have 25-40 screens, and big apps have over 40 screens. 

2. Complexity

If an organization needs custom fonts, images, or icons, they need a designer to create all these. There will be several changes and re-design attempts to get the perfect designs. Another factor to consider is third-party integrations. For example, if a business wants its customers to have multiple payment options, it needs to integrate options for all of them in their software. Adding these payment options can significantly increase the cost. 

3. Budget

Before signing up with a software development company, it is important to decide on the budget. Sometimes there may be delays in delivery of the project. A software development company may charge extra for their effort. However, there are companies that do not charge any extra fees if they fail to deliver work on time. 

Organizations must find a company that will stick to the budget without compromising on the quality. Custom software products fall somewhere between the $50,000- $250, 000 mark. The software can be anything from a calculator to an enterprise billing system. Thus, it is necessary that organizations clearly decide on the features and then get an application or tool developed.

Top 5 Software Development Companies in India

Let us have a look at the top 5 software development companies.

1. Fingent

With 150+ clients, 300+ employees, and 200+ completed projects, Fingent has established its presence as a leading software development company. Fingent provides technology solutions to startups, SMBs, and Fortune 500 companies. The company's key services include web application development, enterprise application development, product development, and mobile application development. 


20+ years of experience, 900+ clients, and a large talent pool make ISHIR one of the leading offshore software development companies. ISHIR helps businesses by developing cost-effective and dependable software outsourcing solutions. The services' scope extends to software development, cloud services, software testing, application development services, custom software development, and web development. 

3. Experion

Experion Technologies helps enterprises, ISV, and startup segments across the retail, transportation, healthcare, and financial services domains. The firm has 14+ years of industry experience, 300+ customers, and a presence in 32 countries. Experion’s key services include web analytics, software development, custom software development, mobile application development, and web development. 

4. Aalpha Information Systems 

A global pioneer in IT consulting,  Aalpha Information Systems helps clients develop cost-effective and scalable solutions. The firm has 12+ years of work experience, has worked on 5000+ projects, and has clients in 41+ countries. The key services provided by Aalpha Information Systems include software development, web development & mobile App Development, blockchain development, WordPress development, and IoT app development. 

5. Talentica 

Talentica helps companies transform their ideas into products by providing end-to-end solutions. The firm has built core intellectual property for 100+ customers. Talentica's client list includes some of the most innovative product companies across the USA, Europe, and India. 

Bottom Line

Finding the right software development firm can help increase an organization’s profit margins tremendously. With software, businesses can scale their operation and load more clients and tap more growth opportunities.

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Frequently Asked Questions (FAQs)

Software developers are proficient in modifying, writing, and debugging software. If you want to improve or edit software, software development companies will assist you.

Well-known and popular companies charge $200 - $300 per hour for a project. Lesser-known companies charge $150 - $200 per hour, and freelancers charge $60 - $100 per hour.

  • JavaScript
  • Java
  • HTML
  • Svelte
  • Apple MDM
  • Jest
  • Paperless Archiving
  • Big Data Storage

Software development companies have a team of software developers and can pull off time-bound projects with ease. Freelancers or solo developers might not be able to do the same.

Yes. New technologies like AI, DevOps, IoT, and BlockChain are transforming the app development process, and top software development companies love to upgrade and improve applications as per these technologies.

Last Updated: March 14, 2023


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