This is the ninth edition of the Grant Thornton India meets Britain Tracker, developed in collaboration with the Confederation of Indian Industry.
The Tracker identifies the fastest-growing Indian companies in the UK as well as the top Indian employers. It also provides insight into the evolving scale, business activities, locations and performance of the Indianowned companies who are making the biggest impact in the UK.
This research identified 900 Indian companies operating in the UK, up from 850 in 2021, with combined revenues of £54.4 billion, up from £50.8 billion in 2021. Together, they employed 141,005 people, up from 114,116 in 2021, and paid £304.6 million in corporation tax, compared with £459.2 million in 2021. The increase in the number of companies and number of people employed is remarkable in the context of COVID-19 disruption.
The report was launched by Lord Gerry Grimstone, Minister for Investment and HE Ms Gaitri Issar Kumar, High Commissioner of India to UK.