With the internet becoming part and parcel of our lives, engagement in social media has increased a lot. Identifying and eliminating offensive content from social media has become of utmost priority to prevent any kind of violence. However, detecting encouraging, supportive and positive content is equally important to prevent misuse of censorship targeted to attack freedom of speech. This paper presents our system for the shared task Hope Speech Detection for Equality, Diversity, and Inclusion at LT-EDI, EACL 2021. The data for this shared task is provided in English, Tamil, and Malayalam which was collected from YouTube comments. It is a multiclass classification problem where each data instance is categorized into one of the three classes: Hope speech', Not hope speech', and Not in intended language'. We propose a system that employs multilingual transformer models to obtain the representation of text and classifies it into one of the three classes. We explored the use of multilingual models trained specifically for Indian languages along with generic multilingual models. Our system was ranked 2nd for English, 2nd for Malayalam, and 7th for the Tamil language in the final leader board published by organizers and obtained a weighted F1-score of 0.92, 0.84, 0.55 respectively on the hidden test dataset used for the competition. We have made our system publicly available at GitHub.