• Latest
  • Trending
Indian IT firms chase inorganic growth through acquisition route

Indian IT firms chase inorganic growth through acquisition route

16 May 2024
Posco taps Oracle Autonomous Database to power smart manufacturing and AI-driven growth

Posco taps Oracle Autonomous Database to power smart manufacturing and AI-driven growth

2 August 2025
How to build your first game

How to build your first game

2 August 2025
Amazon Q2 2025 profit surges to $18.2 billion on strong AWS and AI momentum

Amazon Q2 2025 profit surges to $18.2 billion on strong AWS and AI momentum

2 August 2025
LIC Housing kicks off FY26 with 5% profit jump, zero processing fee pushes growth

LIC Housing kicks off FY26 with 5% profit jump, zero processing fee pushes growth

2 August 2025
Trump launches crypto venture to fuel 2024 Presidential run

Indian state-owned oil firms cut Russian crude orders

1 August 2025
Boeing reports $22.7 billion in Q2 revenue amid ongoing recovery efforts

Boeing reports $22.7 billion in Q2 revenue amid ongoing recovery efforts

1 August 2025
PwC’s latest M&A technology platform reimagines the way clients do deals

PwC’s latest M&A technology platform reimagines the way clients do deals

1 August 2025
Turn your idea into an App without tech skills

Turn your idea into an App without tech skills

1 August 2025
LTIMindtree and Adobe launch CraftStudio to power smarter marketing

LTIMindtree and Adobe launch CraftStudio to power smarter marketing

31 July 2025
Top 10 Python skills every developer should learn

The building blocks of Python Syntax explained

31 July 2025
Cognizant beats Q2 guidance, announces $2 billion shareholder return plan

Cognizant beats Q2 guidance, announces $2 billion shareholder return plan

31 July 2025
Retailers are not buying Trump’s ‘Eat the Tariffs’ advice

How Trump’s tariffs could impact India’s major industries?

31 July 2025
Sunday, August 3, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

Indian IT firms chase inorganic growth through acquisition route

in Technology, world
Reading Time: 3 mins read
0
Indian IT firms chase inorganic growth through acquisition route

Credit: Murrstock/Adobe Stock

-Around 10 M&A deals have been announced since last year with Infosys, HCL Tech, Coforge, Happiest Minds, ITC Infotech taking the lead

RelatedPosts

Indian state-owned oil firms cut Russian crude orders

PwC’s latest M&A technology platform reimagines the way clients do deals

How Trump’s tariffs could impact India’s major industries?

DBT Bureau

Bengaluru, 16 May

Indian IT firms are becoming aggressive in the M&A (merger & acquisition) space with acquisitions of many companies in recent quarters.

Experts are of the opinion that IT companies are trying to push up revenue growth rates through the inorganic route as organic growth comes down for the whole industry. They also said that most acquisitions are happening in the engineering services, digital, and cloud areas as these domains remain bright spots despite the overall slowdown.

Interestingly, many large firms and several mid-tier firms have announced acquisitions in the past quarters. For instance, Infosys said it would acquire in-tech, an engineering R&D services provider focused on the German automotive industry, for around $480 million. The Bengaluru-headquartered firm announced the acquisition of InSemi, a provider of semiconductor design and embedded services, for around Rs 280 crore (about $34 million).

Among large firms, HCL Tech acquired German automotive engineering services company, ASAP Group for $279 million last year.

Not only large IT firms, but mid-tier IT services companies are also investing heavily in acquiring companies that will accelerate their revenue growth in FY25.

This month, Coforge has announced a big-ticket acquisition in order to drive its next phase of growth. The company will acquire a majority stake in Cigniti Technologies for around $220 million, making it the biggest M&A deal so far.

Coforge has said that post this acquisition, its revenue is likely to grow to $2 billion by FY27 along with an improvement of margin by 150-200 basis points by this period.

“The acquisition will create three new scaled-up verticals – Retail, Technology and Healthcare. It will help Coforge realize its objective of scaling up its presence across South-West, Mid-West, and Western US markets. It will also help Coforge address the significant opportunities that the proliferation of AI is creating for specialized Assurance Services,” the company has said in an exchange filing.

Happiest Minds is another IT firm that has done series of acquisitions in recent quarters. The company last month said it would acquire PureSoftware Technologies for Rs 779 crore (around $98 million). Last week, it signed definitive agreements to acquire 100% stake in US-based digital product engineering company Aureus Tech Systems for $8.5 million, or around Rs 71 crore, in cash consideration. Macmillan Learning India is another firm that Happiest Minds announced to acquire last month.

Another mid-tier IT services firm, ITC Infotech announced the acquisition of cloud services firm, Blazeclan for Rs 485 crore (about $60 million) in April.

Experts opine that macroeconomic uncertainty, tepid demand in North America, and robust cash reserve are the driving factors for such a flurry of acquisitions in recent quarters. Such a trend is likely to accelerate in the coming months, they added.

Related Posts

Trump launches crypto venture to fuel 2024 Presidential run

Indian state-owned oil firms cut Russian crude orders

by databiztimes.com
1 August 2025
0

Athira Sethu Kochi, 1 August 2025 India is the world's third-largest oil importer. It also purchases more Russian oil transported...

PwC’s latest M&A technology platform reimagines the way clients do deals

PwC’s latest M&A technology platform reimagines the way clients do deals

by databiztimes.com
1 August 2025
0

DBT Bureau Pune, 1 August 2025 PwC and its alliance partner, Harvey, have extended access to their latest co-developed technology,...

Retailers are not buying Trump’s ‘Eat the Tariffs’ advice

How Trump’s tariffs could impact India’s major industries?

by databiztimes.com
31 July 2025
0

Athira Sethu Kochi, 31 July 2025 From August 1, 2025, the U.S. will impose a 25% tariff on numerous of...

Gulf Air to add up to 18 Boeing 787 Dreamliners to its widebody fleet

Gulf Air to add up to 18 Boeing 787 Dreamliners to its widebody fleet

by databiztimes.com
21 July 2025
0

DBT Bureau Pune, 21 July 2025 Boeing and Gulf Air announced an agreement for the purchase of 12 Boeing 787...

Posco taps Oracle Autonomous Database to power smart manufacturing and AI-driven growth
Media Release

Posco taps Oracle Autonomous Database to power smart manufacturing and AI-driven growth

by databiztimes.com
2 August 2025
0

DBT Bureau Pune, 3 August 2025 POSCO, one of the world’s largest steelmakers, has implemented Oracle Autonomous Database to streamline...

Read moreDetails
How to build your first game
Blog

How to build your first game

by databiztimes.com
2 August 2025
0

Athira Sethu Kochi, 2 August 2025 Game development is the act of making video games, and it has various important...

Read moreDetails
Amazon Q2 2025 profit surges to $18.2 billion on strong AWS and AI momentum
Media Release

Amazon Q2 2025 profit surges to $18.2 billion on strong AWS and AI momentum

by databiztimes.com
2 August 2025
0

DBT Bureau Pune, 2 August 2025 Amazon.com, Inc. announced financial results for its second quarter ended June 30, 2025. Net...

Read moreDetails
LIC Housing kicks off FY26 with 5% profit jump, zero processing fee pushes growth
Media Release

LIC Housing kicks off FY26 with 5% profit jump, zero processing fee pushes growth

by databiztimes.com
2 August 2025
0

DBT Bureau Pune, 2 August 2025 The Board of Directors of LIC Housing Finance Ltd. announced its standalone audited results...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?