According to Grant Thornton UK LLP's India Tracker 2014 report, the Indian companies are playing a vital role in the growth of British economy by contributing to the GDP and creating employment opportunities.

The report is prepared in colloboration with the Confederation of Indian Industry (CII). The report was compiled after monitoring those UK registered businesses which had ultimate Indian parent companies and identifying the fastest growing corporates based on turnover and employment size.

The report revealed that there are currently over 700 Indian-owned small to large-sized businesses in the UK which employ over 100,000 individuals.

Out of these, 41 organizations registered annual growth of over 10 percent, with around 20 organizations registering a splendid growth of over 20 percent. These top 41 companies have also generated revenue of around 19 billion pounds.

"The appetite and opportunities for successful UK investment by Indian companies remains as strong as ever. In light of sluggish growth potential in India, investors are increasingly eager to enter or scale up their UK operations as the British economy re-enters a growth phase," Anuj Chande, partner and head of the South Asia Group at Grant Thornton UK LLP, said.

The report was launched by Ranjan Mathai who is high commissioner of India to the UK, earlier this week at an exclusive dinner where some of highest Indian origin business achievers were invited.

"I am very pleased that this research has been conducted to show the strength of Indian investment and the range of business in which they have invested in the UK. This complements the UKTI statistics of India being the 5th largest investor in the UK last year,” Mathai said.

"The pharmaceutical/chemical and technology/telecom sectors represent over half of the organizations in the Top 41 (22% and 32%, respectively); although the automotive, transport and engineering and manufacturing sectors are also strongly represented," he added.