The footprint of Indian businesses in the UK expanded sharply this year, with the number of Indian-owned companies rising nearly 60% from a year earlier and combined revenues surpassing £105 billion, according to the latest India Meets Britain Tracker published by Grant Thornton UK.
The 2026 edition of the report found that 1,912 Indian-owned businesses are now operating in the UK, up from 1,197 in the previous year, with their combined turnover reaching £105.77 billion compared with £72.14 billion in 2025.
Published by Grant Thornton UK in collaboration with the Confederation of Indian Industry (CII) and India Global Forum (IGF), the India Meets Britain Tracker tracks the fastest-growing Indian-owned businesses in the UK and examines trends in investment, employment and sector growth.
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The findings come at a time when economic ties between the two countries are strengthening. Bilateral trade between India and the UK rose to £47.4 billion in 2025, marking an 11.7% increase from the previous year. Growth was concentrated in advanced manufacturing, clean energy and technology.
The report comes nearly a year after the signing of the Comprehensive Economic and Trade Agreement (CETA) in July 2025 , which is expected to become law soon. According to the report, the agreement is helping drive increased economic activity between the two countries by simplifying trade regulations, encouraging cross-border investment and supporting a shared ambition of reaching USD 100 billion in bilateral trade by 2030.
The Tracker found that 66 companies recorded annual revenue growth of at least 10% during the year. Those companies delivered an average growth rate of 61%, compared with 42% previously, highlighting the continued expansion of Indian businesses despite a subdued economic backdrop in the UK.
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Among the fastest-growing firms, Prime Focus International Services posted revenue growth of 1,283%, while Zydus Pharmaceuticals UK recorded growth of 320%.
Anuj Chande OBE, Partner and Head of South Asia Business Group at Grant Thornton, said the findings reflected the growing strength of the business corridor between the two countries.
"The India Meets Britain Tracker 2026 highlights the remarkable achievements of Indian businesses in the UK. With CETA now in place, the India-UK corridor is poised for unprecedented growth, creating value for both economies and cementing a long-term partnership," Chande OBE said.
"We are continuing to see that the India-UK corridor is not just a trade relationship; it is a strategic partnership leveraging innovation, resilience, and shared ambitions. With nearly all Indian mid-market firms planning UK expansion and UK businesses eyeing India for growth, this collaboration is set to thrive in the coming years across technology, clean energy, and advanced manufacturing," he added.
