This study is primarily based on to compare the financial performance of the major IT giants on the basis of important financial indicators. IT industry is one of the major sector that is rapidly emerging and re-shaping the Indian markets. The companies that were selected for the study are Infosys Ltd., Tech Mahindra & Tata Consultancy. The time period selected for the analysis is from FY 2016-2019. The financial indicators that are selected for the study are Liquidity, Solvency, Activity and Profitability. For the purpose of analysis, one way anova is used in the study. Analysis on different type of financial ratios representing Liquidity, Profitability, Activity and Solvency position of these companies have been performed. It is concluded that there is no substantial gap in the financial output of established units in the Indian IT industry in terms of liquidity, solvency, operation, and profitability status, based on the study and testing of hypothesis.

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Keywords: Solvency, Liquidity, Activity and Financial Ratio.