Indian It Firms

Beyond AI engineers: Sovereign AI may redefine India's IT talent pyramid

The push for sovereign AI comes at a time when India's AI hiring market is undergoing a broader shift-from building AI models to deploying them at scale

India IT cos generating $10-12 bn in AI revenue, set for growth: Nasscom

The Indian technology services industry is already generating an estimated USD 10-12 billion in revenue from artificial intelligence (AI) services, with nearly a quarter of companies successfully moving AI experiments into production, industry body Nasscom said. Dismissing concerns that the rise of AI could diminish the relevance of traditional IT services, industry leaders at the Nasscom US CEO Forum in New York City said that the sector remains central to global enterprise transformation in the AI era. "While AI will bring productivity gains and compress parts of standardised, repeatable work, it will also expand demand for technology orchestration, data readiness, application modernisation, AI governance, cybersecurity, agent management and industry-specific solutions. "Nearly 25 per cent of technology services companies have moved AI experiments into production. The industry is generating an estimated USD 10 to 12 billion in AI services revenue, with more than 2 million ...

Happiest Minds Q4 result: Net profit jumps 80% to ₹61 crore; revenue up 11%

IT firm Happiest Minds Technologies on Friday reported a 79.9 per cent growth in consolidated net profit to Rs 61.17 crore in the January-March quarter of FY26, primarily on the back of improved employee utilisation and a resulting expansion in operating margins. The company had posted a net profit of Rs 34 crore in the corresponding quarter of FY25, according to regulatory filings. Revenue from operations grew 10.9 per cent to Rs 604.08 crore during the quarter under review, as compared to Rs 544.57 crore in the year-ago period. Seen sequentially, profit and revenue rose 51.7 per cent and 2.8 per cent, respectively. Employee utilisation improved to 81.4 per cent in the quarter under review, up from 77.4 per cent in the corresponding period last year. As of March 31, 2026, the company has 6,497 employees. The company's operating margin grew by 30.7 per cent year-on-year to Rs 106.21 crore in Q4 FY26, compared to Rs 81.25 crore in Q4 FY25. As a percentage of revenue, the operating

Indian IT cos near-term outlook muted; clients cut spending, AI risks mount

India's IT sector faces muted growth as client spending slows and AI disrupts pricing, with analysts expecting only 3-4% revenue growth in the near term

Top 5 IT cos' net hiring down for FY26; uncertainties to continue

Top IT firms see net hiring decline in FY26 as AI-led shifts, weak demand, and global uncertainties slow recruitment and dampen fresher hiring outlook

India preferred tech partner amid global supply chain shifts: Nasscom chief

Geopolitical uncertainties and fragmented supply chains are forcing global businesses to prioritise trust and resilience over mere cost-efficiency, positioning India as a highly viable technology partner of choice, Nasscom President Rajesh Nambiar said on Tuesday. Speaking at the Nasscom Global Confluence 2026, Nambiar said the technology industry, which is heavily dependent on exports, is navigating an era of extraordinary transformation, noting that the reconfiguration of global value chains has fundamentally changed how countries and companies approach technology partnerships. "It used to be a fact that everybody optimised only for cost and efficiency... Those days are gone... Efficiency is important, but not necessarily the deciding factor. Resilience becomes much, much more critical. India sits at a very nice intersection of all these priorities, which makes us a very viable country to do business with. "...We are navigating this period where not just the geopolitical tensions,

To trade coders for AI 'Legos', India needs a smarter long-term deal

As India pivots from software services to AI token "factories" with tax breaks for global firms, questions arise over jobs, skills and the future of its $200 billion IT export engine

Designed to Win: How Tata Elxsi found its niche in India's IT landscape

How the Tata company went from being a loss-making firm to becoming a front-runner in design and technology in India and globally

Infosys, Bhel, Arvind: Antique lists top gainers from India-US trade deal

The India-US trade deal, Antique believes, is significantly positive for Indian equities as FPI equity outflow of $34 billion since October 2024, the highest among emerging markets (EMs), may reverse

Q3FY26 results preview: IT companies' growth likely to remain muted

Management commentary on AI-led demand to be watched closely

Clinging to the H-1B lottery has finally caught up with Indian ITeS

Indian ITeS should have moved away from the H-1B lottery

New H-1B rules unlikely to impact large Indian IT firms, says Nasscom head

Nasscom President Rajesh Nambiar says recent US H-1B visa changes will have little effect on large Indian IT firms, as companies have already boosted local hiring and are preparing for new rules

Excelsoft Technologies IPO subscribed 43.19 times on final day of bidding

The initial public offer of Excelsoft Technologies Ltd received 43.19 times subscription on the closing day of bidding on Friday. The IPO got bids for 1,32,59,07,625 shares against 3,07,01,754 shares on offer, according to NSE data. Among the investor categories, the non-institutional investor portion attracted 101.69 times the subscription, while the quota for Qualified Institutional Buyers (QIBs) got subscribed 47.55 times. The category for Retail Individual Investors (RIIs) fetched 15.62 times subscription. Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, on Tuesday said it has garnered Rs 150 crore from anchor investors. The price band for the IPO has been fixed at Rs 114-120 per share, valuing the company at around Rs 1,380 crore at the upper end. The initial public offer (IPO) has a fresh issue aggregating up to Rs 180 crore and an offer for sale aggregating up to Rs 320 crore. The company proposes to uti

Infosys to start largest ever share buyback of ₹18,000 crore on Nov 20

IT services giant Infosys' largest-ever share buyback programme worth Rs 18,000 crore is set to open for subscription on Thursday, and will close on November 26, according to a regulatory filing. The company aims to buy back 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 per cent of the total paid-up equity share capital, at Rs 1,800 per share. "The eligible shareholders can tender their equity shares during the tendering period, i.e. from November 20, 2025, to November 26, 2025. "The Buyback is being undertaken by the company after taking into account the strategic and operational cash needs of the company in the medium term and for returning surplus funds to the shareholders in an effective and efficient manner in line with its capital allocation policy," Infosys said. The buyback is divided into two categories: reserved (small shareholders) and the general category. The reservation for small shareholders will be 15 per cent of the numb

Set for the best month since Nov 2024, is Nifty IT out of the woods?

Among individual stocks, Infosys has risen by 4 per cent, while Tata Consultancy Services (TCS) and HCL Technologies have risen by 5.8 per cent and 9.8 per cent, respectively thus far in October

LTIMindtree wins $100 mn deal from US chemicals and polymers firm

The multi-year contract strengthens LTIMindtree's large deal momentum as it delivers AI and automation-led IT transformation for a US-based global manufacturer

Kautilya Conclave: AI boosting services exports, says World Bank economist

South Asia Chief Economist Franziska Ohnsorge flags India's low net FDI flows

Magicbricks to raise AI integration in products, eyes IPO in 2-3 years

Real estate platform Magicbricks, profitable for four years, plans an IPO in 2-3 years while expanding AI integration across products and growing home loans and interiors services

The math behind the shock: $100,000 H-1B fee could cost Indian IT $500 mn

The Indian IT industry, which earns over 60% of its revenues from the U.S., has already been reducing dependence on H-1Bs over the past decade

'Why move to US when work can happen remotely': Sanjeev Sanyal on H-1B visa

Speaking at an event in New Delhi, Sanjeev Sanyal today questioned why IT firms in India send people to the US, noting their work does not require physical relocation