According to the latest ‘India Meets Britain Tracker’ published by Grant Thornton UK, the expansion of Indian businesses in the UK has been very rapid this year. The number of Indian-owned companies has increased by almost 60 percent compared to last year and their total revenue has exceeded 105 billion pounds. The 2026 edition of the report found that there are now 1,912 Indian-owned businesses operating in the UK, up from 1,197 businesses last year. Their total turnover has reached 105.77 billion pounds, whereas in 2025 it was 72.14 billion pounds.
The ‘India Meets Britain Tracker’, published by Grant Thornton UK in collaboration with the Confederation of Indian Industry (CII) and the India Global Forum (IGF), tracks the fastest growing Indian-owned businesses in the UK and analyzes trends in investment, employment and regional growth. These findings have come at a time when economic relations between the two countries are strengthening. Bilateral trade between India and UK will increase to 47.4 billion pounds by 2025, which is 11.7 percent more than last year. This growth was mainly advanced manufacturing, clean energy and tech sector centric.
Earnings of Indian companies increased in UK
This report comes almost a year after the ‘Comprehensive Economic and Trade Agreement’ (CETA) was signed in July 2025, which is expected to become law soon. According to the report, the agreement is helping to increase economic activities between the two countries by simplifying trade rules, promoting cross-border investment and supporting the common goal of increasing bilateral trade to $100 billion by 2030. The tracker found that 66 companies recorded annual revenue growth of at least 10% this year.
These companies achieved an average growth rate of 61 percent, whereas earlier it was 42 percent. This underlines the fact that Indian businesses continue to expand despite the sluggish economic environment in the UK. Among the fastest growing companies, Prime Focus International Services recorded revenue growth of 1,283 per cent, while Zydus Pharmaceuticals UK recorded a growth of 320 per cent.
Sita’s contribution is important
Anuj Chande OBE, partner and head of the South Asia trade group at Grant Thornton, said the findings reflect the growing strength of the trade corridor between the two countries. “The India Meets Britain Tracker 2026 showcases the fantastic achievements of Indian businesses in the UK. Now that CETA has been implemented, the India-UK corridor is poised for unprecedented growth, creating value for both economies and cementing a long-term partnership.
Anuj Chande OBE said that we are continuously seeing that the India-UK Corridor is not just a trade relationship. It is a strategic partnership that leverages innovation, strength and shared goals. With almost all Indian mid-market companies planning to expand in the UK and eyeing India for business growth, this collaboration is set to flourish in the coming years in the sectors of technology, clean energy and advanced manufacturing.
ahead in providing jobs
The contribution of Indian-owned companies to employment has also increased significantly. The report found that these companies now employ 203,549 people across the UK, an increase of 60.6 per cent compared to 2025. Tata Motors-owned Jaguar Land Rover Automotive PLC remains the largest Indian employer in the UK, with a workforce of 44,103 employees.
Tata Steel stood second with 19,600 employees, while Borelli Tea Holdings stood third with 5,040 employees. The report also points to an increase in the number of women directors in tracker companies, which reflects greater gender diversity in senior leading positions in Indian-owned companies.
Across all sectors, technology, media and telecom (TMT) remained the industries of greatest focus for Indian businesses, maintaining their leading position since the tracker was first published. Manufacturing and pharmaceuticals were the second and third most important sectors. Companies like LTI Mindtree, Wipro and Prime Focus contributed to the expansion in TMT sectors, while Zydus Pharmaceuticals strengthened its presence in life sciences.
Business is expanding not only in London but across the country
London remained the preferred destination for Indian businesses. The capital was home to 38 per cent of all Indian-owned companies included in the tracker, and generated revenues of £2.26 billion. Although London remains the leading destination, its share among tracker companies has declined from levels of more than 50 per cent recorded between 2018 and 2021, suggesting that Indian investment is now more widely spread across the country. Outside the capital, the southern region had 27 per cent of Indian businesses, meaning almost one in three companies was located here. There was almost similar investment in the Midlands and Northern regions, where 12 per cent and 11 per cent of businesses are located respectively.
Interest may increase further
A spokesperson for the Confederation of Indian Industry said the trade agreement has already started promoting more investment activities. CII spokesperson said that UK-India CETA has done a lot to promote and enable Indian investment in the UK. As soon as this becomes law, we will see even more interest from Indian companies in the UK, as it is an important overseas market for Indian businesses to establish themselves. Along with this, new capital inflow from India will also come into UK companies. The spokesperson further said that the annual tracker continues to provide insight into the fastest growing Indian-owned businesses in the UK and broader trends in employment, investment and regional development. India Global Forum also pointed to the growing strategic importance of investment relations.
