Company lists
The Mumbai edition · 2026

Bpo servicescompanies in Mumbai

BPO & outsourcing, IT services, HR & recruitment, marketing & research, finance & accounting and more: the companies building bpo services in Mumbai, Maharashtra, with their founders, funding, team size and business models.

155 company profiles64 with reported revenue8 with recorded fundingOctober 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 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 · 7 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
ContractService

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 Mumbai, by revenue

Browse bpo services companies in Mumbai 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 64 bpo services companies in Mumbai, Maharashtra 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 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
9postings · 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
59postings · 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
0none in 3 months · last posted Jul 2026

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
5postings · last posted Sep 2026

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
5postings · last posted Sep 2026

Provider of AI-powered business process and customer experience outsourcing

Management consulting services
₹270.17 crFY 2024-25
+54%2024–2025
4,170+3% 12 mo to Jan 2024LinkedIn · Jul 2026
18 yr2008
5postings · last posted Aug 2026

Provider of risk advisory, business process management and tax consulting services

Management consulting services
₹257.23 crFY 2024-25
+2%2024–2025
1,430-14% 12 mo to Feb 2024LinkedIn · Jul 2026
16 yr2010
16postings · last posted Sep 2026

Provider of app development, cloud, ERP, and managed services

Bpo services
₹177.67 crFY 2024-25
+13%2024–2025
815+144% vs previous recordLinkedIn · Jul 2026
27 yr1999
7postings · last posted Sep 2026

Provider of diversified BPO services

Bpo services
₹161.70 crFY 2024-25
+8%2024–2025
2,634-6% 12 mo to Sep 2024recorded Sep 2024
22 yr2004
2postings · last posted Sep 2026

BPO providing outsourcing partnerships with a focus on the BFSI industry

Bpo services
₹150.79 crFY 2024-25
+88%2024–2025
—Not available
7 yr2019
0none in 3 months

Provider of BPO services for marketing

Bpo services
₹148.92 crFY 2024-25
+10%2024–2025
275-16% 12 mo to Sep 2024LinkedIn · Jul 2026
36 yr1990
0none in 3 months

Provider of business process outsourcing services

Bpo services
₹122.08 crFY 2021-22
Not reported
36LinkedIn · Jul 2026
34 yr1992
0none in 3 months

Provider of recruitment services

Hr services
₹121.11 crFY 2024-25
-9%2024–2025
98LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Provider of BPO services for businesses

Bpo services
₹96.64 crFY 2021-22
Not reported
204+5% 12 mo to Aug 2023LinkedIn · Jul 2026
66 yr1960
—No postings tracked

Provider of BPO for financial and accounting services

Bpo services
₹109.33 crFY 2024-25
+11%2024–2025
1,302LinkedIn · Jul 2026
31 yr1995
0none in 3 months · last posted Jul 2026

Provider of executive search and talent mapping services

Hr services
₹83.53 crFY 2021-22
Not reported
26-7% 12 mo to Jun 2024recorded Jun 2024
14 yr2012
0none in 3 months

Provider of underwriting, digital transformation, and IT solution services

Bpo services
₹81.82 crFY 2023-24
+30%2023–2024
840-4% 12 mo to Sep 2024LinkedIn · Jul 2026
24 yr2002
0none in 3 months · last posted Jun 2026

Research, analytics and sales & marketing solutions company

Bpo services
₹80.45 crFY 2024-25
-19%2024–2025
471+8% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of outsourced backend support, sales, and customer care services

Bpo services
₹78.52 crFY 2024-25
+4%2024–2025
35LinkedIn · Jul 2026
20 yr2006
0none in 3 months · last posted Jan 2026

Provider of BPO services for healthcare, logistics, and other sectors

Bpo services
₹74.67 crFY 2024-25
+22%2024–2025
24LinkedIn · Jul 2026
35 yr1991
0none in 3 months

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

Marketing services
₹70.86 crFY 2024-25
+53%2024–2025
623LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Jun 2026

Provider of end to end HR services

Bpo services
₹55.65 crFY 2024-25
+56%2024–2025
141-4% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of healthcare payer, call center, data management & IT services

Bpo services
₹53.06 crFY 2024-25
+10%2024–2025
358+10% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

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

Bpo services
₹45.66 crFY 2023-24
+24%2023–2024
—Not available
5 yr2021
0none in 3 months
50 of 155 companies shown here · the full list is on Radar
Fliar Radar

Explore all 155 bpo services companies in Mumbai on Radar

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

Open bpo services in Mumbai on Radar
  • Every company, not just 50All 155 bpo services companies in Mumbai, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore BPO services companies in Mumbai by what you are looking for

Find the top BPO companies in India based in Mumbai, from BPO companies in Mumbai offering end to end services to call centres and back-office providers. Browse BPO service providers grouped by the type of work they take on.

9 ways to explore bpo services in Mumbai

BPO & business process outsourcing companiesIT services & software BPO companiesHR services & recruitment outsourcing companiesMarketing, research & sales outsourcing companiesFinance, accounting & compliance outsourcing companiesManagement consulting & advisory companies

BPO & business process outsourcing companies

End to end business process outsourcing, process automation and global capability centres.

  1. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  2. Firstsource

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

    Bpo services
    See in list
  3. 1Point1

    Provider of AI-powered business process and customer experience outsourcing

    Management consulting services
    See in list
  4. Aeries Technology

    Provider of business process and technology consulting services

    Digital transformation services
    See in list
  5. Osource Global

    Provider of diversified BPO services

    Bpo services
    See in list

IT services & software BPO companies

IT consulting, application development and managed IT outsourcing.

  1. Godrej Infotech

    Provider of app development, cloud, ERP, and managed services

    Bpo services
    See in list
  2. Enser

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

    Marketing services
    See in list
  3. Prosares

    Provider of application & UX development and intelligent automation services

    Legal services
    See in list
  4. Aeries Technology

    Provider of business process and technology consulting services

    Digital transformation services
    See in list
  5. SmartCirqls

    Provider of BPO IT services

    It services
    Website

HR services & recruitment outsourcing companies

Recruitment, executive search and HR outsourcing providers.

  1. Prompt Personnel

    Provider of HR consulting services

    Hr services
    See in list
  2. Pousse

    Provider of recruitment services

    Hr services
    See in list
  3. Accord India

    Provider of executive search and talent mapping services

    Hr services
    See in list
  4. Obox HR

    Provider of end to end HR services

    Bpo services
    See in list
  5. TMS

    Provider of talent management services

    Bpo services
    See in list

Marketing, research & sales outsourcing companies

Digital marketing agencies, market research and lead generation providers.

  1. Quantum Consumer Solutions

    Provider of BPO services for marketing

    Bpo services
    See in list
  2. Enser

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

    Marketing services
    See in list
  3. Hansa Research

    Market research

    Bpo services
    Website
  4. KServe BPO

    Provider of AI development, lead generation, research, and finance & accounting services

    Bpo services
    See in list
  5. Aeon Research

    Provider of marketing services

    Bpo services
    See in list

Finance, accounting & compliance outsourcing companies

Outsourced accounting, bookkeeping, risk and legal support.

  1. Spiraea

    Provider of outsourced accounting, compliance, and IT services

    Management consulting services
    See in list
  2. SME BOTS

    Provider of BPO & training solutions in the credit and business risk areas

    Bpo services
    Website
  3. Nsrm

    Provider of accounting, taxation, audit, assurance, and financial advisory services

    Finance & accounting tech
    Website
  4. LEX Outsourcing

    Provider of legal and intellectual property services

    Bpo services
    Website
  5. Kjco

    Provider of chartered accounting, compliance, taxation, and transaction advisory services

    Management consulting services
    Website

Management consulting & advisory companies

Business consulting, advisory and outsourced process management.

  1. Nexdigm

    Provider of risk advisory, business process management and tax consulting services

    Management consulting services
    See in list
  2. Kaizen Partners

    Provider of financial advisory services

    Investment consultants
    See in list
  3. Igmite

    Provider of analytics, web & mobile application development, consulting, and other services

    It services
    Website
  4. Kjco

    Provider of chartered accounting, compliance, taxation, and transaction advisory services

    Management consulting services
    Website
  5. Vestval

    Provider of strategic advisory and financial services for business transformation

    Management consulting services
    Website

Listed BPO services companies in Mumbai

Publicly listed BPO and outsourcing companies in Mumbai.

  1. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  2. Firstsource

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

    Bpo services
    See in list
  3. eClerx

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

    It services
    See in list
  4. 1Point1

    Provider of AI-powered business process and customer experience outsourcing

    Management consulting services
    See in list
  5. Enser

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

    Marketing services
    See in list
12 companies in Mumbai

BPO services startups in Mumbai

Recently founded BPO and outsourcing companies in Mumbai.

  1. Prodocssolution

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

    Bpo services
    See in list
  2. esampark

    Provider of BPO contact center services and online education solutions for various industries

    Bpo services
    See in list
  3. Flamingo Infinite

    Provider of outsourcing and technology solutions

    Bpo services
    Website
  4. CUEX FIRST

    Provider of diversified BPO services

    Bpo services
    Website
  5. C L Corporation

    Provider of BPO, tech support, cold calling, and other services

    Bpo services
    Website
15 companies in Mumbai

BPO services companies hiring in Mumbai

BPO companies in Mumbai with open roles right now.

  1. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  2. eClerx

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

    It services
    See in list
  3. Writer Information

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

    Grc services
    See in list
  4. CalibeHR

    Business solution provider company

    Bpo services
    See in list
  5. Prompt Personnel

    Provider of HR consulting services

    Hr services
    See in list
26 companies in Mumbai
Mobile reach

Top 10 bpo services apps from Mumbai

The most-installed Android apps published by bpo services companies headquartered in Mumbai — 768K installs between them. 11 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
3

Mitra 2

by CalibeHR

Installs101K
Rating—
Last updatedMar 2026
View on Google Play ↗
Mitra 2 screenshot 1Mitra 2 screenshot 2Mitra 2 screenshot 3Mitra 2 screenshot 4Mitra 2 screenshot 5Mitra 2 screenshot 6
5

Lifecell Sales App

by Altius

Installs14K
Rating—
Last updatedApr 2024
View on Google Play ↗
Lifecell Sales App screenshot 1Lifecell Sales App screenshot 2Lifecell Sales App screenshot 3Lifecell Sales App screenshot 4
6

BA Channel | PMS

by Pousse

Installs12K
Rating—
Last updatedJan 2025
View on Google Play ↗
BA Channel | PMS screenshot 1BA Channel | PMS screenshot 2BA Channel | PMS screenshot 3BA Channel | PMS screenshot 4BA Channel | PMS screenshot 5BA Channel | PMS screenshot 6
7

Enser Communications HRMS

by Enser

Installs5K
Rating—
Last updatedMar 2026
View on Google Play ↗
Enser Communications HRMS screenshot 1Enser Communications HRMS screenshot 2Enser Communications HRMS screenshot 3Enser Communications HRMS screenshot 4Enser Communications HRMS screenshot 5Enser Communications HRMS screenshot 6
8

Dispatch Support CX

by eClerx

Installs3K
Rating2.0622 ratings
Last updatedMay 2026
View on Google Play ↗
Dispatch Support CX screenshot 1Dispatch Support CX screenshot 2Dispatch Support CX screenshot 3Dispatch Support CX screenshot 4Dispatch Support CX screenshot 5
9

HexaAttendance Tracker

by Hexaware

Installs1K
Rating—
Last updatedMay 2026
View on Google Play ↗
HexaAttendance Tracker screenshot 1HexaAttendance Tracker screenshot 2HexaAttendance Tracker screenshot 3HexaAttendance Tracker screenshot 4HexaAttendance Tracker screenshot 5HexaAttendance Tracker screenshot 6
The business behind the activity

Bpo services financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 57 bpo services companies in Mumbai, Maharashtra for FY24-25 — 66 of the 155 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 78% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹8,154.97 cr

57 companies filing accounts

combined net profit₹982.35 cr

12.0% aggregate margin

are profitable70%

40 of 57 companies

median revenue~₹17.3 cr

the typical company

median revenue growth+3%

into FY24-25

earned by the top five78%

revenue concentration

Six-year view

Combined revenue of filing companies

₹5,151.13 crFY19-2061 filers
₹5,259.09 crFY20-2160 filers
₹6,237.66 crFY21-2258 filers
₹7,062.23 crFY22-2361 filers
₹7,946.08 crFY23-2463 filers
₹8,154.97 crFY24-2557 filers

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

Like-for-like

The same 52 companies over three years

+25%
FY22-23₹6,460.53 cr₹874.75 cr net
FY23-24₹7,174.23 cr₹992.75 cr net
FY24-25₹8,049.12 cr₹1,000.62 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 cr1050% profitable
₹1–10 cr1338% profitable
₹10–100 cr2383% profitable
₹100–1,000 cr9100% profitable
Over ₹1,000 cr2100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking25
0–20%15
20–50%8
50–100%4
Doubled+4

56 companies with accounts for both years; median growth +3%.

Profitability

Profit is concentrated at the top

40profitable
16loss-making
12.0%aggregate margin
3.0%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
SpiraeaQUANTUMX GLOBAL PRIVATE LIMITED
Excel InfowaysEXCEL REALTY N INFRA LIMITED
Arrise BPOARRISE BPO SOLUTIONS PRIVATE LIMITED+88%₹150.79 cr
TMSSURIA STEELTECH PRIVATE LIMITED
Obox HROBOX HR SOLUTIONS PRIVATE LIMITED+56%₹55.65 cr
EnserENSER COMMUNICATIONS LIMITED+53%₹70.86 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
BresconBRESCON VENTURES PRIVATE LIMITED76.8%₹72.82 cr
VIAANTEVIAANTE BUSINESS SOLUTIONS PRIVATE LIMITED29.0%₹53.06 cr
FirstsourceFIRSTSOURCE SOLUTIONS LIMITED18.2%₹2,346.84 cr
eClerxECLERX SERVICES LIMITED14.4%₹2,495.35 cr
1Point1ONE POINT ONE SOLUTIONS LIMITED13.0%₹212.72 cr
EnserENSER COMMUNICATIONS LIMITED11.5%₹70.86 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Bpo services41₹4,269.75 cr~₹19.0 cr71%12.8%
Leaders

Largest bpo services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
eClerxECLERX SERVICES LIMITED₹2,495.35 cr₹359.50 cr14.4%+17%
FirstsourceFIRSTSOURCE SOLUTIONS LIMITED₹2,346.84 cr₹427.04 cr18.2%+43%
Writer InformationWRITER BUSINESS SERVICES PRIVATE LIMITED₹864.37 cr₹43.63 cr5.0%-6%
CalibeHRCALIBEHR BUSINESS SUPPORT SERVICES PRIVATE LIMITED₹443.50 cr₹13.29 cr3.0%+3%
1Point1ONE POINT ONE SOLUTIONS LIMITED₹212.72 cr₹27.61 cr13.0%+28%
Godrej InfotechGODREJ INFOTECH LIMITED₹177.03 cr₹12.33 cr7.0%+9%
TSR DarashawTSR DARASHAW PRIVATE LIMITED₹175.87 cr₹11.38 cr6.5%-69%
Osource GlobalOSOURCE GLOBAL PRIVATE LIMITED₹159.54 cr₹5.42 cr3.4%+8%
Arrise BPOARRISE BPO SOLUTIONS PRIVATE LIMITED₹150.79 cr₹25.45 lakh0.2%+88%
PoussePOUSSE MANAGEMENT SERVICES PRIVATE LIMITED₹121.11 cr₹89.19 lakh0.7%-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

AdTech Industry Landscape of Mumbai

The financials above are one chapter. The full bpo services landscape of Mumbai 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 Mumbai
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 Mumbai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months0

US$0k

equity rounds, last 24 months5

US$239.39m

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 Mumbai

8 bpo services companies in Mumbai have recorded equity funding, US$9.93m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind bpo services companies in Mumbai. 74 of 155 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai bpo services companies by sub-sector

The most common specialisations among bpo services companies in Mumbai. 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.

Coming soon