From Mphasis to Mindtree, mid-sized IT companies focus on fewer verticals

Companies such as Virtusa have good presence in the BFSI segment, NIIT Technologies has steadily built strong capabilities in aviation

Mid-sized IT companies in India are playing their cards carefully by not entering into every business segment like their larger peers. Instead, they are focusing on verticals in which they have deep domain expertise for executing projects.

A lower component of legacy business is also enabling them to be more agile in the digital space, which is helping them to grow their revenues faster.

"Most mid-sized IT firms are focusing on fewer verticals than playing the game across the spectrum. This enables them to compete with their larger peers, who enjoy certain economies of scale," said Pareekh Jain, senior vice-president