Growth of mid-tier IT firms outshone that of larger rivals last year

Most of these firms focus on niche biz that allows them to expand wallet share

Mid-tier information-technology (IT) companies last financial year reported better growth numbers than their larger counterparts, highlighting their ability to navigate the uncertain macroeconomic environment.

 

Most of these companies — such as Persistent Systems, Coforge, KPIT, and Mphasis — focus on niche businesses and industries that allow them to go deeper in terms of client mining and expanding wallet share from existing customers.

 

For example, KPIT is focused mostly on automotive while Persistent concentrates on banking, financial services, and insurance (BFSI); health care and life sciences; and software, hi-tech and emerging industries.

 

At a time when demand is muted and client