The 12th edition of the Grant Thornton ‘India Meets Britain Tracker’ was officially launched by Indian Commerce Minister Piyush Goyal during a special opening session at IGF London. This year’s edition arrives at a pivotal moment, closely following the finalisation of the UK–India Free Trade Agreement and marks a record-breaking year for Indian business presence in the UK.
Produced by Grant Thornton in collaboration with India Global Forum (IGF) and Confederation of Indian Industry, the 2025 report provides the most comprehensive snapshot of Indian investment in the UK.
Manoj Ladwa, Founder and Chairman of IGF, said: “This year’s tracker is a powerful testament to the vitality of the UK-India economic relationship. As the first major platform following the conclusion of the FTA, IGF London provides the ideal stage to spotlight how Indian businesses are scaling in the UK. The rise in Indian-owned companies isn’t just growth, it’s momentum. It reflects the ambition and trust shaping this new chapter of bilateral collaboration.”
The 2025 Tracker identifies 1,197 Indian-owned companies operating in the UK, a 23% increase from last year’s 971. This marks the highest figure on record and the largest annual increase since total numbers were first measured in 2017. These companies collectively reinforce the economic significance of the bilateral corridor, as the newly signed FTA is forecast to contribute an estimated £4.8 billion to UK GDP and £2.2 billion in wage growth annually.
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The report reveals the Technology, Media, and Telecom sector as the largest and fastestgrowing vertical, representing 31 per cent of all tracker companies. Pharmaceuticals and chemicals hold strong in second place, accounting for 22 per cent of growth tracker companies. Financial services saw a notable rise, making up 10% of Tracker companies, the largest share since 2021.
Geographically, London remains the top choice, hosting 47% of the 74 fastest-growing companies. The South of England follows at 24.3 per cent, while the Midlands and North contribute 9.5 per cent each.
Anuj Chande, Partner and Head of the South Asia Business Group at Grant Thornton UK Advisory & Tax LLP commented: “We are thrilled to witness such a significant surge in Indianowned businesses in the UK. This reflects the confidence Indian investors place in the UK market, as well as the opportunities being unlocked by deeper bilateral engagement. The FTA’s conclusion promises to supercharge this momentum, and this report oders a clear view of where that growth is taking shape. Our collaboration with India Global Forum has further strengthened the Tracker’s reach and relevance at a pivotal moment in UK-India relations.”
The Tracker stands as a critical barometer of bilateral economic health and a strategic tool for policymakers, investors, and businesses on both sides. As the UK-India relationship enters a new era, IGF London 2025 underscores how partnership on paper is now being translated into impact on the ground.
*Info: India Global Forum; Grant Thornton
