Company lists
The Bhopal edition · 2026

Business servicescompanies in Bhopal

IT services, marketing, HR & staffing, facility & security, BPO and more: the companies building business services in Bhopal, with their founders, funding, team size and business models.

160 company profiles52 with reported revenue2 with recorded fundingOctober 2026 edition
Bhopal · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent business services business events in India

Funding, M&A, contract wins and launches involving 42,898 business services companies in India, last 24 months: 533 Contracts · 369 M&A deals · 165 launches · 72 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

Innovision · client: NHAI (National Highways Authority of India)

Innovision has secured a Letter of Award (LoA)/work order worth around Rs 26.35 crore from NHAI (National Highways Authority of India).

Infrastructure
LaunchNexa Agentic Platform

Coforge

Coforge has launched the Nexa Agentic Platform for the insurance industry.

Insurance
M&AAcquisition · Announced

Akkodis acquires Axiscades

Cyril Amarchand Mangaldas acted as lead global legal counsel to AXISCADES Technologies Limited (“ATL”) in connection with the transfer of its business comprising the provision of…

Engineering Services
M&AAcquisition · Announced

Akkodis India Private Limited, Akkodis UK Limited, and Akkodis Inc. acquires Axiscades

Cyril Amarchand Mangaldas acted as lead global legal counsel to AXISCADES Technologies Limited (“ATL”) in connection with the transfer of its business comprising the provision of…

Engineering Services
ContractService

B2b software technologies · client: Learnovate

B2B Software Technologies has secured a work order worth USD 1,62,754 from Learnovate Technologies Limited for the implementation of Microsoft Dynamics 365 Business Central ERP.

Software
ContractSupply

Flexo image graphics · client: Sticwell Technologies

Sticwell Technologies has enhanced its label inspection and quality control capabilities to another level with the installations of a Rhyguan SMART inspection platform and a Luster…

Label manufacturing
M&AAcquisition · Completed

Coforge acquires Cigniti technologies

JSA advised and represented Cigniti Technologies Limited (Transferor Company) (“Cigniti”) and Coforge Limited (Transferee Company) (“Coforge”) in achieving successful closure of…

Technology
ContractMaintenance

Takyon Networks · client: Hindustan aeronautics

Takyon Networks has received a work order worth of Rs 60.50 lakh from Hindustan Aerinautics (HAL) for the purpose of Comprehensive Annual Maintenance Contract.

ContractTechnology

Canarys · client: Linkedin

Canarys Automations said its wholly owned subsidiary, Canarys Corp, has secured a contract from LinkedIn Corporation to develop, deploy and maintain a Power Platform-based marketing…

Technology
ContractService

Infosys · client: DNB Bank ASA

As the systems integration partner, Infosys will lead the end-to-end modernization of DNB's FinCrime technology landscape, including enterprise architecture design, platform integration,…

Financial Services
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
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
LaunchGemini Enterprise Unit

Jk tech

JK Tech, a leading Gen AI-focused data and AI services company, has announced the launch of its dedicated Gemini Enterprise Unit, marking a significant milestone in its commitment to…

AI and data services
ContractSupply

Redington · client: Garuda aerospace

AMS Legal also advised on a distribution agreement with Redington Limited for the distribution of Garuda Aerospace products within India.

Drone 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
ContractTechnology

Persistent systems · client: Concise

Persistent Systems (BSE: 533179 and NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, today announced the signing of an agreement to expand its Eastern…

Technology
LaunchMphasis Tria

Mphasis

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

Artificial intelligence
ContractService

Tata consultancy services · client: Skf

Tata Consultancy Services has won a global contract from SKF to support an AI-led business transformation programme.

IT services
ContractService

Magellanic cloud · client: Na

Magellanic Cloud has secured a new contract valued at about Rs 7.64 crore, adding another line of visibility to its order book and underscoring steady demand for its technology and services.

IT and digital solutions
M&AAcquisition · Announced

Cyient acquires TAO Digital Solutions

Cyient's, $218 million acquisition of TAO Digital is more than a traditional technology services deal.

AI-native data and product engineering
M&AAcquisition · Completed

Cyient acquires Tao Digital

While engineering service provider Cyient bought Tao Digital for $218 million last week

Engineering service provider
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
M&AAcquisition · Announced

Persistent systems acquires Concise Systems OU

Persistent Systems has signed a business purchase agreement to acquire part of the business of Concise Systems OU for a total consideration of 5.6 million euros.

Technology
M&AAcquisition · Announced

Akkodis acquires Axiscades

The transaction involves Akkodis acquiring 100% of AXISCADES' Engineering Services practice, with the consideration pegged at approximately US$30.63 million.

Engineering Services
M&AAcquisition · Announced

Ntt data acquires Winwire

NTT DATA strengthens its AI and Microsoft cloud capabilities by acquiring WinWire, enhancing its ability to deliver scalable AI solutions for enterprises.

AI
M&AAcquisition · Completed

Ace software exports acquires QeLearn (Formerly known as Theia Education)

Ace Software Exports has successfully completed the acquisition of the remaining 2,58,000 equity shares, representing 49.62% of the fully diluted equity share capital of QeLearn…

EdTech
M&AAcquisition · Pending

Standard glass lining technology acquires C2c engineering

Standard Glass Lining Technology Limited (SGLTL) has agreed to acquire a 51% stake in C2C Engineering Private Limited for Rs. 122.4 million in cash.

Design, Engineering Services, and EPC Contracts
M&AAcquisition · Announced

Kpit acquires Cymotive

KPIT to acquire majority stake Israeli cyber security company Cymotive

Cyber security
M&AAcquisition · Announced

Latice acquires Ami

Latice announced that it had entered into a final agreement with THL Partners to acquire AMI, a company specializing in platform firmware and infrastructure management for cloud and AI.

Platform firmware and infrastructure management for cloud and AI

Business services companies in Bhopal, by revenue

Browse business services companies in Bhopal 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 52 business services companies in Bhopal 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 HR consulting and payroll management services

Hr services
₹417.70 crFY 2024-25
+12%2024–2025
403+11% 12 mo to Jan 2024LinkedIn · Oct 2026
21 yr2005
0none in 3 months

Provider of enterprise resource planning software and information technology services

Digital transformation services
₹276.53 crFY 2024-25
+19%2024–2025
479-22% 12 mo to Sep 2024LinkedIn · Oct 2026
24 yr2002
4postings · last posted Aug 2026

Provider of telemarketing services

Marketing services
₹154.08 crFY 2024-25
+27%2024–2025
2,656+0% 12 mo to Dec 2022LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jul 2026

Provider of business process outsourcing services specializing in support service solutions

Bpo services
₹138.54 crFY 2024-25
+8%2024–2025
2,500recorded
21 yr2005
0none in 3 months

Provider of manpower recruitment, outsourcing, payroll processing, and statutory compliance services

Hr services
₹132.85 crFY 2024-25
+39%2024–2025
14LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Provider of commercial security services

Facility management services
₹109.75 crFY 2024-25
+11%2024–2025
—Not available
20 yr2006
0none in 3 months

Provider of AI data annotation services

Services for government
₹79.41 crFY 2024-25
+21%2024–2025
636-91% 12 mo to Nov 2023LinkedIn · Oct 2026
28 yr1998
0none in 3 months

Provider of digital, large format, security, and other printing services

Print services
₹37.72 crFY 2024-25
-13%2024–2025
331+10% 12 mo to Sep 2024LinkedIn · Oct 2026
37 yr1989
0none in 3 months

Provider of HR consulting services

Management consulting services
₹34.71 crFY 2024-25
+32%2024–2025
77+344% vs previous recordLinkedIn · Jul 2026
27 yr1999
0none in 3 months · last posted Jul 2026

Manufacturer of poultry houses and animal healthcare products

Erp services
₹22.26 crFY 2021-22
+45%2021–2022
115LinkedIn · Jul 2026
28 yr1998
0none in 3 months · last posted Dec 2024

Technology services company that specializes in custom software development, product design, and quality assurance

It services
₹19.66 crFY 2024-25
+119%2024–2025
66LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Jun 2026

Provider of payroll & facility management, staffing, and HR services

Hr services
₹15.74 crFY 2024-25
+70%2024–2025
—Not available
22 yr2004
0none in 3 months · last posted Jul 2026

Provider of advertising, branding, SMM, and other services

Marketing services
₹8.58 crFY 2024-25
+26%2024–2025
—Not available
23 yr2003
0none in 3 months

Provider of cleaning, landscaping, security, fire protection, and other services

Facility management services
₹6.54 crFY 2024-25
+33%2024–2025
—Not available
17 yr2009
0none in 3 months

Provider of IT services suite solutions, BPO and digital marketing services

It services
₹5.97 crFY 2023-24
+140%2023–2024
1LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of digital marketing and web development services. These services encompass strategic marketing, social media management, search engine optimization, creative design, technical solutions, and automation services. They also offer paid advertising campaigns across platforms like Facebook and Google, along with website development and landing page creation. The company assists clients in planning growth strategies, project management, and achieving profitable outcomes. A focus is placed on efficient processes and accurate reporting.

Marketing services
₹5.22 crFY 2024-25
+555%2024–2025
113LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Feb 2025

Services related to the development and maintenance of mobile applications

It services
₹5.13 crFY 2024-25
+48%2024–2025
4-44% vs previous recordLinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of document management services

Digital transformation services
₹4.53 crFY 2024-25
-51%2024–2025
14LinkedIn · Jul 2026
13 yr2013
0none in 3 months · last posted Jul 2026

Provider of training and placement to rural youths through quality training

Hr services
₹4.44 crFY 2024-25
+15%2024–2025
14LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of SEO, email, hosting, and SMS services

Erp services
₹4.37 crFY 2024-25
-18%2024–2025
—Not available
16 yr2010
0none in 3 months · last posted Jul 2026

Provider of commercial security services

Facility management services
₹4.10 crFY 2024-25
-68%2024–2025
—Not available
7 yr2019
0none in 3 months

Provider of Outsystems low-code platform solutions, online marketing, and legal services

Digital transformation services
₹3.27 crFY 2024-25
+6%2024–2025
48LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jun 2026

Provider of content marketing, SMM, SEO and PPC services

Marketing services
₹2.10 crFY 2024-25
-36%2024–2025
71LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of surveillance systems

Physical security services
₹2.02 crFY 2024-25
-57%2024–2025
—Not available
5 yr2021
0none in 3 months

Provider of IT service suite solutions

It services
₹1.48 crFY 2023-24
+110%2023–2024
—Not available
24 yr2002
0none in 3 months
50 of 160 companies shown here · the full list is on Radar
Fliar Radar

Explore all 160 business services companies in Bhopal on Radar

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

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  • Every company, not just 50All 160 business services companies in Bhopal, filterable by stage, funding, team size, revenue model and age.
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Explore business services companies in Bhopal by what you are looking for

Discover business services companies in Bhopal, from IT services and digital marketing to HR, facility management and legal support. See business services startups in Bhopal and business services companies hiring in Bhopal.

8 ways to explore business services in Bhopal

IT services & software development companiesMarketing & advertising agenciesHR, staffing & recruitment servicesFacility management & security servicesBPO & outsourcing companiesLegal, compliance & consulting firms

IT services & software development companies

Software, app development, ERP and IT services providers.

  1. XtraNet Technologies

    Provider of enterprise resource planning software and information technology services

    Digital transformation services
    See in list
  2. We Win

    Provider of AI data annotation services

    Services for government
    See in list
  3. TechnoDuxx

    Technology services company that specializes in custom software development, product design, and quality assurance

    It services
    See in list
  4. SFA Technologies

    Provider of IT services suite solutions, BPO and digital marketing services

    It services
    See in list
  5. App Works Technologies

    Services related to the development and maintenance of mobile applications

    It services
    See in list

Marketing & advertising agencies

Digital marketing, advertising and branding service providers.

  1. Madhya Advertising

    Provider of advertising, branding, SMM, and other services

    Marketing services
    See in list
  2. Adymize

    Provider of digital marketing and web development services. These services encompass strategic marketing, social media management, search engine optimization, creative design, technical solutions, and automation services. They also offer paid advertising campaigns across platforms like Facebook and Google, along with website development and landing page creation. The company assists clients in planning growth strategies, project management, and achieving profitable outcomes. A focus is placed on efficient processes and accurate reporting.

    Marketing services
    See in list
  3. NewRise Technosys

    Provider of SEO, email, hosting, and SMS services

    Erp services
    See in list
  4. SEOValley

    Provider of content marketing, SMM, SEO and PPC services

    Marketing services
    See in list
  5. Kodonic

    Provider of web & mobile app development and sms marketing services

    Erp services
    See in list

HR, staffing & recruitment services

Recruitment, payroll, manpower and HR consulting companies.

  1. Primeone

    Provider of HR consulting and payroll management services

    Hr services
    See in list
  2. Ace Man Powers

    Provider of manpower recruitment, outsourcing, payroll processing, and statutory compliance services

    Hr services
    See in list
  3. Personnel Staffing Solutions

    Provider of payroll & facility management, staffing, and HR services

    Hr services
    See in list
  4. BroadArks

    Provider of career guidance and recruitment services

    Hr services
    See in list
  5. GenNext

    Provider of recruitment and resume writing services

    Hr services
    See in list

Facility management & security services

Housekeeping, security guard, surveillance and facility management providers.

  1. Isha Protectional Security Guard

    Provider of commercial security services

    Facility management services
    See in list
  2. Champions Integrated

    Provider of cleaning, landscaping, security, fire protection, and other services

    Facility management services
    See in list
  3. Vasudha Security and Facility Management

    Provider of commercial security services

    Facility management services
    See in list
  4. Servicee

    Provider of turnkey solutions and maintenance services for commercial and healthcare

    Facility management services
    See in list
  5. KMNP Facility Solutions

    Facility management company that provides supportive services, focusing on maintaining and improving the upkeep of various facilities

    Facility management services
    See in list

BPO & outsourcing companies

Business process outsourcing, accounting and back-office providers.

  1. NSB BPO Solutions

    Provider of business process outsourcing services specializing in support service solutions

    Bpo services
    See in list
  2. Taxwise Services

    Provider of affordable accounting services directly to business enterprises

    Bpo services
    Website
  3. Avyaan

    Provider of BPO and outsourcing solutions

    Bpo services
    Website
  4. i-smartonline.com

    Provider of IT suite solutions and BPO services

    It services
    Website
  5. Skillteam

    Provider of accounting, tax, financial, bookkeeping, payroll, and outsourcing services

    Bpo services
    Website

Business services startups in Bhopal

Recently founded business services companies in Bhopal.

  1. TechnoDuxx

    Technology services company that specializes in custom software development, product design, and quality assurance

    It services
    See in list
  2. GOLDEN RATIO IT SOLUTIONS

    Provider of surveillance systems

    Physical security services
    See in list
  3. Servicee

    Provider of turnkey solutions and maintenance services for commercial and healthcare

    Facility management services
    See in list
  4. KMNP Facility Solutions

    Facility management company that provides supportive services, focusing on maintaining and improving the upkeep of various facilities

    Facility management services
    See in list
  5. Taxplore Business Solutions

    Provider of tax and regulatory compliance services for businesses

    Legal services
    See in list
25 companies in Bhopal

Business services companies hiring in Bhopal

Business services companies in Bhopal with open roles.

  1. XtraNet Technologies

    Provider of enterprise resource planning software and information technology services

    Digital transformation services
    See in list
  2. Technotask Business Solution

    Provider of telemarketing services

    Marketing services
    See in list
  3. Ashkom Media India

    Provider of HR consulting services

    Management consulting services
    See in list
  4. C-Net Infotech

    Manufacturer of poultry houses and animal healthcare products

    Erp services
    See in list
  5. TechnoDuxx

    Technology services company that specializes in custom software development, product design, and quality assurance

    It services
    See in list
21 companies in Bhopal
Mobile reach

Top 5 business services apps from Bhopal

The most-installed Android apps published by business services companies headquartered in Bhopal — 2K installs between them. 5 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 5
4

CMS

by SynQues

Installs210
Rating—
Last updatedAug 2025
View on Google Play ↗
CMS screenshot 1CMS screenshot 2
5

e-Wallet: Expense Tracker

by Kodonic

Installs54
Rating—
Last updatedJul 2025
View on Google Play ↗
e-Wallet: Expense Tracker screenshot 1e-Wallet: Expense Tracker screenshot 2e-Wallet: Expense Tracker screenshot 3e-Wallet: Expense Tracker screenshot 4e-Wallet: Expense Tracker screenshot 5e-Wallet: Expense Tracker screenshot 6
The business behind the activity

Business services financials in Bhopal

Revenue, profit and growth from the filed annual accounts of 49 business services companies in Bhopal for FY24-25 — 58 of the 160 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 74% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,483.10 cr

49 companies filing accounts

combined net profit₹63.07 cr

4.3% aggregate margin

are profitable82%

40 of 49 companies

median revenue~₹2.1 cr

the typical company

median revenue growth+15%

into FY24-25

earned by the top five74%

revenue concentration

Six-year view

Combined revenue of filing companies

₹759.97 crFY19-2031 filers
₹934.16 crFY20-2136 filers
₹932.69 crFY21-2244 filers
₹1,152.62 crFY22-2348 filers
₹1,296.41 crFY23-2451 filers
₹1,483.10 crFY24-2549 filers

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

Like-for-like

The same 42 companies over three years

+29%
FY22-23₹1,148.67 cr₹16.66 cr net
FY23-24₹1,286.93 cr₹32.53 cr net
FY24-25₹1,479.00 cr₹62.94 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 cr1968% profitable
₹1–10 cr1883% profitable
₹10–100 cr6100% profitable
₹100–1,000 cr6100% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking13
0–20%10
20–50%10
50–100%4
Doubled+8

45 companies with accounts for both years; median growth +15%.

Profitability

Profit is concentrated at the top

40profitable
8loss-making
4.3%aggregate margin
1.5%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
TechnoDuxxTECHNODUXX PRIVATE LIMITED+119%₹19.66 cr
Personnel Staffing SolutionsPERSONNEL STAFFING SOLUTIONS PRIVATE LIMITED+70%₹15.74 cr
Ace Man PowersACE INFOTEXIS PRIVATE LIMITED+39%₹132.85 cr
Ashkom Media IndiaASHKOM MEDIA INDIA PRIVATE LIMITED+34%₹33.01 cr
Technotask Business Solutions, Technotask Business SolutionTECHNOTASK BUSINESS SOLUTIONS PRIVATE LIMITED+27%₹154.08 cr
We WinWE WIN LIMITED+21%₹79.41 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
TechnoDuxxTECHNODUXX PRIVATE LIMITED15.0%₹19.66 cr
XtraNet TechnologiesXTRANET TECHNOLOGIES LIMITED10.8%₹254.85 cr
Technotask Business Solutions, Technotask Business SolutionTECHNOTASK BUSINESS SOLUTIONS PRIVATE LIMITED7.3%₹154.08 cr
NSB BPO SolutionsNSB BPO SOLUTIONS LIMITED6.2%₹138.54 cr
AadarshAADARSH PRIVATE LIMITED2.6%₹37.72 cr
Personnel Staffing SolutionsPERSONNEL STAFFING SOLUTIONS PRIVATE LIMITED2.1%₹15.74 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Hr services8₹572.93 cr~₹2.8 cr100%1.0%
Facility management services5₹121.78 cr~₹4.1 cr100%1.4%
It services5₹31.88 cr~₹3.7 cr80%11.7%
Marketing services5₹16.01 cr~₹2.1 cr80%1.4%
Leaders

Largest business services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
PrimeonePRIMEONE WORK FORCE PRIVATE LIMITED₹417.70 cr₹2.83 cr0.7%+12%
XtraNet TechnologiesXTRANET TECHNOLOGIES LIMITED₹254.85 cr₹27.50 cr10.8%+12%
Technotask Business Solutions, Technotask Business SolutionTECHNOTASK BUSINESS SOLUTIONS PRIVATE LIMITED₹154.08 cr₹11.22 cr7.3%+27%
NSB BPO SolutionsNSB BPO SOLUTIONS LIMITED₹138.54 cr₹8.54 cr6.2%+8%
Ace Man PowersACE INFOTEXIS PRIVATE LIMITED₹132.85 cr₹2.26 cr1.7%+39%
Isha Protectional Security GuardISHA PROTECTIONAL SECURITY GUARD PRIVATE LIMITED₹109.75 cr₹1.71 cr1.6%+11%
We WinWE WIN LIMITED₹79.41 cr₹1.65 cr2.1%+21%
AadarshAADARSH PRIVATE LIMITED₹37.72 cr₹99.00 lakh2.6%-13%
Ashkom Media IndiaASHKOM MEDIA INDIA PRIVATE LIMITED₹33.01 cr₹50.16 lakh1.5%+34%
TechnoDuxxTECHNODUXX PRIVATE LIMITED₹19.66 cr₹2.96 cr15.0%+119%
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.

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

Business services funding and M&A across India

1,237 recorded equity rounds have gone to 42,898 business services companies in India — how much, at which stage, into which sub-sectors, from whom, and how Bhopal compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months16

US$427.87m

equity rounds, last 24 months76

US$1.35bn

raised over five yearsUS$3.14bn

375 rounds in India

M&A deals, India369

last 24 months

Capital by year

Equity funding into business services in India

amount rounds
$280m201881
$282m201986
$216m202073
$507m202185
$712m202292
$218m202362
$491m202475
$795m202548
$416m202613

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$794.66m across 48 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$41.38m84 rounds · median US$107k
SeedUS$157.84m190 rounds · median US$393k
Series AUS$401.97m49 rounds · median US$4.85m
Series BUS$387.06m21 rounds · median US$13.75m
Series CUS$283.32m9 rounds · median US$25.63m
Series D+US$1.36bn13 rounds · median US$78.82m
Private equityUS$510.97m9 rounds · median US$56.00m
Where the money went · five years

Most-funded sub-sectors

Management consulting servicesUS$624.83m41 rounds · 25 companies
It servicesUS$499.22m85 rounds · 60 companies
Facility management servicesUS$350.06m2 rounds · 2 companies
Biopharma outsourcingUS$250.00m1 rounds · 1 companies
Bpo servicesUS$225.14m6 rounds · 5 companies
Hr servicesUS$190.06m34 rounds · 21 companies
Supply chain servicesUS$181.13m11 rounds · 5 companies
Corporate activity · last 24 months

M&A in India

333Acquisition
29Merger
3Announced

Most active acquirers

  1. Infosys18
  2. Kpit technologies16
  3. Tvs supply chain solutions15
  4. Coforge12
  5. Hexaware technologies11

Most acquired or merged

  1. Slk software6
  2. Mindsprint5
  3. Ags health4
  4. Axiscades3
  5. Cigniti technologies3

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

Founders and momentum in Bhopal

Meet the people behind business services companies in Bhopal. 35 of 160 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Bhopal business services companies by sub-sector

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

Keep exploring business services in India and nearby markets.

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