Company lists
The India edition · 2026

Bpo servicescompanies in India

BPO & IT services, customer support, HR & recruitment, marketing & research, finance & legal and more: the companies building bpo services in India, with their founders, funding, team size and business models.

1,627 company profiles490 with reported revenue42 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent bpo services business events in India

Funding, M&A, contract wins and launches involving 2,036 bpo services companies in India, last 24 months: 54 Contracts · 45 M&A deals · 31 launches · 8 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

LaunchAgentic Development & Modernization Services

Tech mahindra

Tech Mahindra has announced the launch of Agentic Development & Modernization Services, a next-generation services portfolio designed to empower enterprises modernize how applications…

AI-driven application development and modernization services
ContractService

ITCONS e-Solutions · client: Indian Council of Medical Research (ICMR), Department of Health Research, Ministry of Health and Family Welfare

ITCONS E-Solutions has secured new contract worth around Rs 1.23 crore (inclusive of all taxes and duties) for providing 33 resources for a period of one year.

IT
ContractService

ITCONS e-Solutions · client: Indian council of medical research (icmr)

ITCONS E-Solutions has secured new contract worth around Rs 1.23 crore (inclusive of all taxes and duties) for providing 33 resources for a period of one year.

Technology
LaunchAgentverse™

Hexaware technologies

Hexaware Technologies, a global provider of IT solutions and services, announced on June 2nd, 2026, new enhancements to its enterprise AI agent platform, Agentverse™.

Enterprise AI agent platform
M&AAcquisition · Completed

Hexaware technologies acquires Consulting Professionals Services Holdings Limited

and Hexaware Technologies bought the UK- and UAE-based consulting firm Consulting Professionals Services Holdings Limited in a deal valued at up to 11 million pounds.

Consulting
LaunchMphasis Tria

Mphasis

Mphasis has launched Mphasis Tria, an artificial intelligence platform for enterprise decision-making and execution.

Artificial intelligence
M&AAcquisition · Announced

Tech mahindra acquires Avant techno solutions

Tech Mahindra has acquired an 85% stake in Avant Techno Solutions for $20.59 million, strengthening its capabilities in banking, financial services and insurance (BFSI).

IT/FinTech
M&AAcquisition · Announced

Mphasis acquires Theory and Practice Business Intelligence Inc.

Mphasis announced today, its acquisition of Theory and Practice Business Intelligence Inc. (TAP).

Technology
LaunchKairos

Firstsource Solutions

Firstsource Solutions Limited has announced the launch of Kairos, an operating system it says is designed to convert artificial intelligence from promise to production by embedding it…

Operating System
M&AAcquisition · Announced

Flexgen acquires CES

CES will now operate as a subsidiary of FlexGen, maintaining continuity of service for existing customers, who will now be offered the HybridOS platform.

Contract

Flexgen · client: CES

CES is a battery storage services company set up in 2022 by Ahmad Atwan and Constantine Triantafyllides, which will now become a subsidiary of FlexGen.

Battery storage services
LaunchIntelligence That Operates

Firstsource Solutions

Firstsource Solutions has launched ‘Intelligence That Operates’, a full-stack, agent-first operating model aimed at designing, building and running AI-powered enterprise operations with…

Full‑stack, agent‑first operating model
M&AAcquisition · Completed

Hcl technologies acquires Finergic

HCL Technologies has informed the stock exchanges that it has successfully completed the acquisition of Finergic Solutions Pte Ltd

M&AAcquisition · Announced

Asm technologies acquires Myelin foundry

ASM Technologies announced that it has signed a definitive agreement to acquire 20% stake in Myelin Foundry

M&AAcquisition · Announced

Sona India Investments acquires eClerx Services

US-based Sona India Investments has bought 2.09 lakh shares (0.44 percent of paid‑up equity) in IT firm eClerx Services at Rs 4,409.7 per share from Point Break Capital, valued at Rs…

M&AAcquisition · Announced

Hcl technologies acquires Wobby

HCL Tech snapping up Wobby, an early-stage startup offering AI data analyst ‘agents.’

IT Services
FundingInitial Public Offering

Silicon Valley

Silicon Valley Acquisition Corp. announced the closing of its initial public offering of 20,000,000 units at a price of $10.00 per unit on December 24, 2025. Total gross proceeds from…

Investors Clear street
LaunchMotor Insurance CuES 2025

Hansa research

Hansa Research, India’s leading consumer insights powerhouse, has expanded its footprint in the insurance ecosystem with the launch of the Motor Insurance CuES 2025, a nationwide study…

Insurance Research Study
M&AAcquisition · Announced

Talentpro india acquires PSN SupplyChain Solutions Pvt. Ltd.

5 months ago TalentPro India, a leading provider of staffing, payroll, and compliance management solutions, today announced the acquisition of PSN SupplyChain Solutions Pvt. Ltd.

Supply Chain, Logistics, and E-commerce Staffing
ContractTechnology

Intel · client: Tech mahindra

Tech Mahindra has partnered with Intel. Currently, the IT firm is in talks with Intel to deploy the model in Intel AI PCs in a way that it will be accessible to students.

Technology
FundingSeries A

Stan

Mobile-first social gaming platform STAN announced that Sony Innovation Fund, the corporate venture capital arm of Sony Group Corporation, well known for backing ventures in…

Investors Sony innovation fund, Hyderabad Angels Fund (HAF VC), Google’s AI Futures Fund, Bandai namco entertainment
Gaming
M&AAcquisition · Completed

HDFC Mutual Fund, ICICI Prudential MF, Kotak Mahindra MF acquires Mphasis

Meanwhile, HDFC Mutual Fund (MF), ICICI Prudential MF and Kotak Mahindra MF acquired a total of 70,75,436 or 3.71 per cent stake in Mphasis at the same price.

Information technology and consulting
ContractTechnology

Eclerx · client: Egypt’s Information Technology Industry Development Agency (ITIDA)

eClerx Services Ltd (ECLERX.NS), a leading productized services company, today announced that it has signed a Memorandum of Understanding (MoU) with Egypt’s Information Technology…

Technology
LaunchInteraction Intelligence

Hinduja global solutions

Hinduja Global Solutions (HGS) has introduced its new enterprise-grade AI solution, “Interaction Intelligence”, built on its Agent X framework.

Enterprise AI Solution
LaunchNext-Gen Franchise Program

Times BPO

Times BPO, one of India's leading business process outsourcings (BPO) networks, has announced the launch of its Next-Gen Franchise Program for 2026

Franchise Program
FundingSeed

Navo

Navo, an AI-powered B2B fashion wholesale marketplace, has raised Rs 8 crore in a seed funding round led by IndiaQuotient, with participation from Antler.

Investors IndiaQuotient, Antler
Fashion
M&AAcquisition · Announced

Ht global acquires Hexaware technologies

IT firm Hexaware Technologies on Wednesday said will offer Rs 475 per share as the final price for its delisting offer.

M&AAcquisition · Announced

Blackstone acquires Ags health

Blackstone's $1.1-billion acquisition of AGS Health

Private Equity
M&AAcquisition · Announced

New mountain capital acquires Access healthcare

In 2024, Carlyle was in the race to acquire Chennai and Texas-based RCM service provider Access Healthcare , before US fund New Mountain Capital clinched the deal at a valuation of…

Revenue Cycle Management
FundingSeries A

Stan

Gaming and social community startup STAN has raised $8.5 million in Series A funding. The round saw participation from Google AI Futures Fund, Bandai Namco, Square Enix, and others…

Investors Google AI Futures Fund, Bandai namco, Square enix, Nazara
Gaming & social community

Bpo services companies in India, by revenue

Browse bpo services companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 490 bpo services companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Provider of diversified BPO services

Bpo services
₹149,468.00 crFY 2022-23
Not reported
45,459+59954% vs previous recordLinkedIn · Jul 2026
24 yr2002
112postings · last posted Sep 2026

Provider of data analytics, cloud, networking, cyber security, support, and other outsourcing services

It services
₹111,408.00 crFY 2023-24
Not reported
256,338+2% 12 mo to Jul 2024LinkedIn · Jul 2026
50 yr1976
0none in 3 months

Provider of data analytics, cloud management, and business process outsourcing services

Bpo services
₹53,843.70 crFY 2024-25
+2%2024–2025
110,240recorded Aug 2024
40 yr1986
0none in 3 months

Electric utility company

Bpo services
₹14,555.12 crFY 2022-23
Not reported
2,763-3% 12 mo to Jul 2024LinkedIn · Jul 2026
147 yr1879
0none in 3 months

Provider of outsourcing and business services

Bpo services
₹14,990.82 crFY 2024-25
+9%2024–2025
33,786+1% 12 mo to Aug 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of IT consulting and BPO services

Digital transformation services
₹12,049.30 crFY 2023-24
+16%2023–2024
36,270+11% vs previous recordLinkedIn · Jul 2026
36 yr1990
12postings · last posted Sep 2026

Provider of business process management, data analytics, and IT support services

Bpo services
₹7,979.45 crFY 2024-25
+25%2024–2025
24,115+21% 12 mo to Mar 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Provider of business processes, change management, analytics, and data-driven insights services

It services
₹3,452.39 crFY 2024-25
+15%2024–2025
20,313-3% 12 mo to Aug 2024LinkedIn · Jul 2026
26 yr2000
128postings · last posted Sep 2026

Provider of revenue cycle management, BPO, IT, and finance and accounting services

Bpo services
₹3,293.20 crFY 2024-25
+19%2024–2025
22,241+5% 12 mo to Aug 2024LinkedIn · Jul 2026
15 yr2011
89postings · last posted Sep 2026

Provider of recruitment process outsourcing services

Bpo services
₹3,291.89 crFY 2024-25
+4%2024–2025
4,712-5% 12 mo to Feb 2024LinkedIn · Jul 2026
21 yr2005
47postings · last posted Sep 2026

Provider of financing outsourcing services

Bpo services
₹2,002.11 crFY 2022-23
Not reported
1,094recorded
85 yr1941
1postings · last posted Jul 2026

Provider of HR consulting services

Bpo services
₹1,273.39 crFY 2024-25
+25%2024–2025
12,298-23% 12 mo to Sep 2024recorded Sep 2024
18 yr2008
19postings · last posted Sep 2026

Provider of digitization, banking, financial, and other transformation services

Grc services
₹1,131.99 crFY 2024-25
+2%2024–2025
4,719-5% 12 mo to Sep 2024recorded Sep 2024
39 yr1987
2postings · last posted Jul 2026

Provider of clinical data management services to biopharma sector

Biopharma outsourcing
₹1,125.81 crFY 2024-25
+16%2024–2025
2,216-2% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
1postings · last posted Jul 2026

Provider of end to end HR management services

Hr services
₹1,095.70 crFY 2024-25
+4%2024–2025
1,386+235% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
4postings · last posted Aug 2026

Provider of business & claims processing, project management, and billing services

Bpo services
₹855.09 crFY 2023-24
+14%2023–2024
3,381-1% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
1postings · last posted Sep 2026

Provider of medical & industrial automation services

Bpo services
₹855.10 crFY 2024-25
+2%2024–2025
2,210-42% 12 mo to Sep 2024recorded Sep 2024
34 yr1992
18postings · last posted Sep 2026

Provider of business strategy, operations, technology, finance, and other consulting services

Management consulting services
₹833.62 crFY 2024-25
Not reported
81LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of sales, recruitment & payroll, and learning management services

Customer experience services
₹551.90 crFY 2024-25
+156%2024–2025
2,531+0% 12 mo to Jun 2024LinkedIn · Jul 2026
26 yr2000
1postings · last posted Jul 2026

Provider of end to end HR services

Hr services
₹493.66 crFY 2024-25
+10%2024–2025
18,031+9% 12 mo to Aug 2024recorded Aug 2024
30 yr1996
0none in 3 months

Provider of outsourced marketing and e commerce services

Customer experience services
₹468.01 crFY 2024-25
-1%2024–2025
10,365+8% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
8postings · last posted Aug 2026

Provider of farm monitoring and management, IT consulting , and BPO services

It services
₹432.68 crFY 2022-23
Not reported
1,046+14% 12 mo to Sep 2024recorded Sep 2024
41 yr1985
0none in 3 months

Business solution provider company

Bpo services
₹443.50 crFY 2024-25
Not reported
13,145+3% 12 mo to Sep 2024recorded Sep 2024
20 yr2006
9postings · last posted Sep 2026

Provider of communication interception, monitoring & analytics solutions

Bpo services
₹440.46 crFY 2024-25
-9%2024–2025
491+38% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Provider of HR consulting services

Hr services
₹430.68 crFY 2023-24
+3%2023–2024
21,320+6% 12 mo to Aug 2024recorded Aug 2024
29 yr1997
11postings · last posted Sep 2026
50 of 1,627 companies shown here · the full list is on Radar
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Explore all 1,627 bpo services companies in India on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

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Explore BPO services companies in India by what you are looking for

Browse top BPO companies in India, from customer support and back-office outsourcing to healthcare BPO and legal process outsourcing. Find BPO services providers, HR and recruitment outsourcing firms and newer BPO startups in one place.

9 ways to explore bpo services in India

BPO, IT & digital transformation servicesCall center & customer experience outsourcingHR, payroll & recruitment outsourcingMarketing, research & analytics outsourcingFinance, accounting & legal process outsourcingHealthcare BPO & medical billing companies

BPO, IT & digital transformation services

Large outsourcing providers combining business process management, IT and digital services.

  1. Infosys BPM

    Provider of diversified BPO services

    Bpo services
    See in list
  2. HCL Technologies

    Provider of data analytics, cloud, networking, cyber security, support, and other outsourcing services

    It services
    See in list
  3. Quess

    Provider of outsourcing and business services

    Bpo services
    See in list
  4. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  5. Xplore Tech Services

    Provider of application development, digital marketing, call center, and BPO services

    Bpo services
    Website

Call center & customer experience outsourcing

Contact center, customer support and telemarketing outsourcing companies.

  1. NetAmbit

    Provider of sales, recruitment & payroll, and learning management services

    Customer experience services
    See in list
  2. 1Point1

    Provider of AI-powered business process and customer experience outsourcing

    Management consulting services
    See in list
  3. Mobius Services

    Provider of data analytics, customer experience, real estate, and BPO services

    It services
    Website
  4. ILeads

    Provider of business process management, customer support, and verification services

    Bpo services
    Website
  5. HRHNext

    Provider of inbound, outbound call, chat, email, and BPO support services

    Bpo services
    Website

HR, payroll & recruitment outsourcing

Recruitment process outsourcing, staffing, payroll and HR management providers.

  1. Randstad India

    Provider of recruitment process outsourcing services

    Bpo services
    See in list
  2. Spectrum Talent Management

    Provider of HR consulting services

    Bpo services
    See in list
  3. TalentPro

    Provider of end to end HR management services

    Hr services
    See in list
  4. NetAmbit

    Provider of sales, recruitment & payroll, and learning management services

    Customer experience services
    See in list
  5. Needs Information Technologies

    Provider of end to end HR services

    Hr services
    See in list

Marketing, research & analytics outsourcing

Outsourced marketing, market research and data analytics services.

  1. Cogent E Services

    Provider of outsourced marketing and e commerce services

    Customer experience services
    See in list
  2. Quantum Consumer Solutions

    Provider of BPO services for marketing

    Bpo services
    Website
  3. Market Xcel

    Provider of audit, qualitative research, and data analytics services

    Bpo services
    Website
  4. Enser

    Provider of web & software development, digital marketing, and IT solutions

    Marketing services
    Website
  5. Ibroad7

    Provider media and marketing services

    Bpo services
    Website

Healthcare BPO & medical billing companies

Revenue cycle, medical billing and claims processing outsourcing.

  1. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  2. Access Healthcare

    Provider of revenue cycle management, BPO, IT, and finance and accounting services

    Bpo services
    See in list
  3. Zifo RnD Solutions

    Provider of clinical data management services to biopharma sector

    Biopharma outsourcing
    See in list
  4. Thryve Digital

    Provider of business & claims processing, project management, and billing services

    Bpo services
    See in list
  5. AM Infoweb

    Provider of data security and business operations services for healthcare sector

    Services for healthcare providers
    Website

BPO services startups in India

Newer BPO and outsourcing companies founded in recent years.

  1. Welspun GCC

    Provider of business process outsourcing, IT outsourcing, and HR services

    It services
    Website
  2. Prodocssolution

    Provider of non-voice business process outsourcing services including indexing and imaging

    Bpo services
    Website
  3. Mervice

    Provider of customer & back office support, marketing, and telesales services

    Bpo services
    Website
  4. LetitbeX AI

    IT services and consulting company specializing in AI/ML, data analytics, and digital transformation

    It services
    Website
  5. Intellinez

    Provider of IT outsourcing services

    Bpo services
    Website
168 companies in India

BPO companies hiring in India

BPO companies with open jobs right now.

  1. Infosys BPM

    Provider of diversified BPO services

    Bpo services
    See in list
  2. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  3. eClerx

    Provider of business processes, change management, analytics, and data-driven insights services

    It services
    See in list
  4. Access Healthcare

    Provider of revenue cycle management, BPO, IT, and finance and accounting services

    Bpo services
    See in list
  5. Randstad India

    Provider of recruitment process outsourcing services

    Bpo services
    See in list
60 companies in India

Listed BPO services companies in India

Publicly traded BPO and outsourcing companies.

  1. HCL Technologies

    Provider of data analytics, cloud, networking, cyber security, support, and other outsourcing services

    It services
    See in list
  2. CESC

    Electric utility company

    Bpo services
    See in list
  3. Quess

    Provider of outsourcing and business services

    Bpo services
    See in list
  4. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  5. eClerx

    Provider of business processes, change management, analytics, and data-driven insights services

    It services
    See in list
44 companies in India
Mobile reach

Top 10 bpo services apps from India

The most-installed Android apps published by bpo services companies headquartered in India — 7.6M installs between them. 64 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

POP - Paperless Onboarding

by Quess

Installs3.1M
Rating4.655K ratings
Last updatedMar 2025
View on Google Play ↗
POP - Paperless Onboarding screenshot 1POP - Paperless Onboarding screenshot 2POP - Paperless Onboarding screenshot 3
2

CESCAPPS - Pay Bill

by CESC

Installs1.0M
Rating2.5510K ratings
Installs, year on year+21%
Last updatedApr 2026
View on Google Play ↗
CESCAPPS - Pay Bill screenshot 1CESCAPPS - Pay Bill screenshot 2CESCAPPS - Pay Bill screenshot 3CESCAPPS - Pay Bill screenshot 4CESCAPPS - Pay Bill screenshot 5CESCAPPS - Pay Bill screenshot 6
3

Xcel Global Panel

by Market Xcel

Installs749K
Rating—
Last updatedFeb 2024
View on Google Play ↗
Xcel Global Panel screenshot 1Xcel Global Panel screenshot 2Xcel Global Panel screenshot 3Xcel Global Panel screenshot 4Xcel Global Panel screenshot 5Xcel Global Panel screenshot 6
4

Fake Notifications

by Zopsoft

Installs712K
Rating4.163K ratings
Installs, year on year+14%
Last updatedOct 2025
View on Google Play ↗
Fake Notifications screenshot 1Fake Notifications screenshot 2Fake Notifications screenshot 3Fake Notifications screenshot 4Fake Notifications screenshot 5Fake Notifications screenshot 6
5

Picsy Print Photo Album & Gift

by Radixweb

Installs512K
Rating4.02K ratings
Last updatedJun 2026
View on Google Play ↗
Picsy Print Photo Album & Gift screenshot 1Picsy Print Photo Album & Gift screenshot 2Picsy Print Photo Album & Gift screenshot 3Picsy Print Photo Album & Gift screenshot 4Picsy Print Photo Album & Gift screenshot 5Picsy Print Photo Album & Gift screenshot 6
The business behind the activity

Bpo services financials in India

Revenue, profit and growth from the filed annual accounts of 466 bpo services companies in India for FY24-25 — 565 of the 1,627 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 83% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹151,825.10 cr

466 companies filing accounts

combined net profit₹17,684.68 cr

11.6% aggregate margin

are profitable74%

345 of 466 companies

median revenue~₹7.9 cr

the typical company

median revenue growth+9%

into FY24-25

earned by the top five83%

revenue concentration

Six-year view

Combined revenue of filing companies

₹98,389.07 crFY19-20449 filers
₹99,326.95 crFY20-21455 filers
₹118,158.10 crFY21-22468 filers
₹139,954.05 crFY22-23484 filers
₹143,755.16 crFY23-24493 filers
₹151,825.10 crFY24-25466 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 430 companies over three years

+10%
FY22-23₹137,546.21 cr₹18,292.56 cr net
FY23-24₹141,010.58 cr₹17,320.04 cr net
FY24-25₹151,293.46 cr₹17,674.71 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr10443% profitable
₹1–10 cr14470% profitable
₹10–100 cr16189% profitable
₹100–1,000 cr4898% profitable
Over ₹1,000 cr9100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking161
0–20%137
20–50%87
50–100%31
Doubled+34

450 companies with accounts for both years; median growth +9%.

Profitability

Profit is concentrated at the top

345profitable
120loss-making
11.6%aggregate margin
2.8%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
QuatrroQUATRRO GLOBAL SERVICES PRIVATE LIMITED+957%₹13.02 cr
Han DigitalHAN DIGITAL SOLUTION PRIVATE LIMITED+528%₹80.78 cr
SpiraeaQUANTUMX GLOBAL PRIVATE LIMITED
NamsbelNAMSBEL GLOBAL PRIVATE LIMITED+277%₹17.12 cr
MV Infra ServicesM V INFRA SERVICES PRIVATE LIMITED₹43.72 cr
RadiateRADIATE E-SERVICES PRIVATE LIMITED+229%₹14.88 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
DefteamDEFTEAM SOLUTIONS PRIVATE LIMITED100.0%₹10.84 cr
QuatrroQUATRRO GLOBAL SERVICES PRIVATE LIMITED80.9%₹13.02 cr
BresconBRESCON VENTURES PRIVATE LIMITED₹72.82 cr
Grmtech Solutions LLPGREAT MEDIA TECHNOLOGIES PVT LTD
GD Research CenterGD RESEARCH CENTER PRIVATE LIMITED
BrickworkBRICKWORK INDIA PRIVATE LIMITED43.3%₹74.98 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Bpo services358₹89,629.67 cr~₹7.2 cr73%5.1%
It services24₹55,225.91 cr~₹5.2 cr79%22.9%
Hr services22₹2,533.85 cr~₹18.8 cr73%1.7%
Customer experience services5₹1,098.03 cr~₹65.1 cr80%2.9%
Management consulting services10₹419.36 cr~₹18.7 cr90%8.4%
Marketing services17₹193.94 cr~₹2.0 cr53%-1.0%
Leaders

Largest bpo services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
HCL TechnologiesHCL TECHNOLOGIES LIMITED₹52,339.00 cr₹12,266.00 cr23.4%+6%
Tech MahindraTECH MAHINDRA LIMITED₹45,950.20 cr₹3,506.10 cr7.6%+5%
QuessQuess Corp Limited₹13,917.88 cr₹120.12 cr0.9%+14%
CESCCESC LTD₹9,764.86 cr₹799.81 cr8.2%+12%
Randstad IndiaRANDSTAD INDIA PRIVATE LIMITED₹3,291.89 cr₹7.46 cr0.2%+4%
eClerxECLERX SERVICES LIMITED₹2,495.35 cr₹359.50 cr14.4%+17%
FirstsourceFIRSTSOURCE SOLUTIONS LIMITED₹2,346.84 cr₹427.04 cr18.2%+43%
Spectrum Talent ManagementSpectrum Talent Management Limited₹1,256.64 cr₹6.89 cr0.5%+25%
TalentProTALENTPRO INDIA HR PRIVATE LIMITED₹1,094.43 cr₹15.01 cr1.4%+5%
Manipal TechnologiesMANIPAL TECHNOLOGIES LIMITED₹962.65 cr₹69.91 cr7.3%+9%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full bpo services landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the bpo services landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Bpo services funding and M&A across India

137 recorded equity rounds have gone to 2,036 bpo services companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months0

US$0k

equity rounds, last 24 months6

US$239.63m

raised over five yearsUS$544.57m

22 rounds in India

M&A deals, India45

last 24 months

Capital by year

Equity funding into bpo services in India

amount rounds
$26m20185
$7.1m20193
$1.4m20203
$11m20212
$268m20225
$6.1m20232
$45m202410
$215m20253

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$267.59m across 5 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$396k3 rounds · median US$134k
SeedUS$14.96m8 rounds · median US$1.02m
Series AUS$28.66m5 rounds · median US$3.62m
Series BUS$26.32m2 rounds · median US$13.16m
Series CUS$2.41m1 rounds · median US$2.41m
Series D+US$250.00m1 rounds · median US$250.00m
Private equityUS$221.82m2 rounds · median US$110.91m
Where the money went · five years

Most-funded sub-sectors

Biopharma outsourcingUS$250.00m1 rounds · 1 companies
Bpo servicesUS$225.14m6 rounds · 5 companies
Services for healthcare providersUS$22.00m1 rounds · 1 companies
Hr servicesUS$21.11m4 rounds · 2 companies
Management consulting servicesUS$12.94m3 rounds · 1 companies
It servicesUS$8.63m3 rounds · 1 companies
Digital transformation servicesUS$4.72m3 rounds · 2 companies
Corporate activity · last 24 months

M&A in India

43Acquisition
1Merger
1Announced

Most active acquirers

  1. Hexaware technologies11
  2. Mphasis4
  3. Tech mahindra3
  4. Hcl technologies3
  5. Firstsource Solutions3

Most acquired or merged

  1. Ags health4
  2. Access healthcare3
  3. Consulting Professionals Services Holdings Limited2
  4. Avant techno solutions2
  5. Mphasis2

Each deal appears in the events strip at the top of the page.

Bpo services funding in India

42 bpo services companies in India have recorded equity funding, US$837.57m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind bpo services companies in India. 611 of 1,627 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India bpo services companies by sub-sector

The most common specialisations among bpo services companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring bpo services in India and nearby markets.

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