Company lists
The Bhubaneswar edition · 2026

It servicescompanies in Bhubaneswar

Software development, AI services, digital transformation, marketing & hosting, IoT & blockchain and more: the companies building it services in Bhubaneswar, with their founders, funding, team size and business models.

84 company profiles22 with reported revenue1 with recorded fundingOctober 2026 edition
Bhubaneswar · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent it services business events in India

Funding, M&A, contract wins and launches involving 13,925 it services companies in India, last 24 months: 315 Contracts · 178 M&A deals · 112 launches · 33 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
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
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.

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
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
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
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
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 · 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

Ntt data acquires Winwire

NTT DATA announced it has signed a definitive agreement to acquire WinWire, a Microsoft partner specializing in agentic AI, AI on Azure, data engineering, and cloud-native development.

Technology / Microsoft Partner - AI, Azure, Data Engineering, Cloud-native Development
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 · 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
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

Blue cloud softech solutions acquires Global

Blue Cloud Softech Solutions has approved a strategic Rs. 372.81 crores acquisition of Global Impx Inc through preferential share issue, gaining access to 196.7 acres in Odisha for…

Technology
M&AAcquisition · Completed

Infosys acquires Optimum healthcare it

Infosys completed the acquisition of Optimum Healthcare IT, a digital transformation and consulting firm focused on healthcare providers.

Healthcare IT Consulting
ContractInfrastructure

Dynacons Systems & Solutions · client: Reserve bank of india

Dynacons Systems & Solutions Ltd has secured a major contract from the Reserve Bank of India worth ₹750.82 crore for building private cloud infrastructure for its data centres.

Banking
ContractService

Dynacons Systems & Solutions · client: Punjab & sind bank

In February, Dynacons had secured a ₹108.88 crore contract from Punjab & Sind Bank for implementing and managing an on-premises private cloud infrastructure over five years.

Technology
M&AAcquisition · Announced

Empower india acquires MABIL

Empower India Ltd, a company listed on both the NSE and BSE, has announced the signing of a term sheet for the proposed acquisition of a majority stake in UAE-based MABIL.

ContractSupply

Iris global services · client: Sheeltron Digital Systems

In a major boost to India's enterprise compute landscape, Iris Global Services has successfully executed a Rs 18 crore deployment of HP Inc. infrastructure to Bengaluru-based Sheeltron…

LaunchNTT DATA Software Defined Infrastructure (SDI) Services Agent

Ntt data

NTT DATA, a global leader in AI, digital business and technology services, recently announced the launch of NTT DATA Software Defined Infrastructure (SDI) Services Agent, a…

Infrastructure Services
LaunchNeuralis

Sterlite Technologies

Sterlite Technologies Ltd (STL), through its US subsidiary STL Optical Connectivity NA, LLC (STLOC), has announced the launch of ‘Neuralis’, its next-generation data center connectivity…

Data center connectivity portfolio
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
M&AAcquisition · Completed

Airtrunk acquires Lumina cloudinfra

AirTrunk, the Asia Pacific and Middle East’s leading hyperscale data centre platform, has announced the acquisition of Indian data centre developer Lumina CloudInfra.

Data centers
ContractTechnology

Dev information technology · client: National Informatics Centre

Dev Information Technology Limited (DEV IT), (NSE – DEVIT, BSE – 543462 | INE060X01034), a global IT services company offering Cloud Services, Digital Transformation, Enterprise…

ContractTechnology

Naver · client: Tata consultancy services

Seoul, April 21, 2026 Internet giant Naver said it has signed a memorandum of understanding (MOU) with the information technology (IT) arm of Tata Group to explore business opportunities…

Technology

It services companies in Bhubaneswar, by revenue

Browse it services companies in Bhubaneswar by reported revenue, one-year revenue growth, revenue model, age and stage. The 22 companies below are the largest by their most recent reported revenue among 22 it services companies in Bhubaneswar that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 22 of 22

Provider of digital transformation, system integration, and cloud computing services

Digital transformation services
₹176.84 crFY 2024-25
-14%2024–2025
220+3% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of software & AI development, cloud computing, and business advisory services

It services
₹82.28 crFY 2023-24
+14%2023–2024
62LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Provider of mobile application & web development, data analysis, cyber security, system integration, and other services

It services
₹78.41 crFY 2024-25
+30%2024–2025
1,310+18% 12 mo to Jul 2024LinkedIn · Oct 2026
24 yr2002
0none in 3 months

Provider of ERP, software development, consulting, and other services

It services
₹45.70 crFY 2023-24
+7%2023–2024
750recorded
25 yr2001
3postings · last posted Aug 2026

Provider of IT and hardware & software distribution services

It services
₹8.73 crFY 2021-22
Not reported
3+93% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jul 2026

Provider of IT infrastructure, security, and network and connectivity solutions

It services
₹8.70 crFY 2024-25
+79%2024–2025
—Not available
4 yr2022
0none in 3 months

Provider of IT service suite solutions

It services
₹5.13 crFY 2024-25
+48%2024–2025
2LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of identity and access management, data, and managed services

It services
₹5.00 crFY 2024-25
+13%2024–2025
93LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of IoT products, embedded, design, and manufacturing engineering services

It services
₹3.16 crFY 2024-25
-72%2024–2025
39LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Mar 2020

Provider of IT service suite solutions

It services
₹2.66 crFY 2021-22
Not reported
18+20% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
—No postings tracked

Provider of industrial automation, IoT, and software solutions

It services
₹2.48 crFY 2024-25
+8%2024–2025
41LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Provider of IT services suite solutions and BPO services

It services
₹2.17 crFY 2024-25
+7%2024–2025
92LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Provider of application development and SEO services

It services
₹1.52 crFY 2021-22
Not reported
209+109% 12 mo to Jul 2024LinkedIn · Jul 2026
10 yr2016
3postings · last posted Oct 2026

Web and mobile app development company in India

It services
₹99.01 lakhFY 2021-22
Not reported
60LinkedIn · Jul 2026
24 yr2002
—No postings tracked

Web, mobile app development, software testing and digital marketing services

It services
₹1.09 crFY 2024-25
+30%2024–2025
45LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Offers software development and BPO services

It services
₹77.08 lakhFY 2023-24
+61%2023–2024
—Not available
8 yr2018
0none in 3 months

Provider of data, AI, and cloud solutions for enterprise modernization

Management consulting services
₹61.66 lakhFY 2021-22
+16%2021–2022
20LinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted Mar 2026

IT solution & services provider

It services
₹66.85 lakhFY 2024-25
+62%2024–2025
55LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Software development company based in Bhubaneswar

It services
₹50.26 lakhFY 2024-25
-4%2024–2025
—Not available
26 yr2000
0none in 3 months

Provider of application development, staffing, and digital marketing services

It services
₹42.84 lakhFY 2024-25
+2%2024–2025
24LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Offers application development services

E-commerce support services
₹29.54 lakhFY 2024-25
-25%2024–2025
23LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Offshore software development and IT services company

It services
₹0.00 lakhFY 2022-23
Not reported
2+0% 12 mo to Aug 2024recorded Aug 2024
27 yr1999
2postings · last posted Oct 2026
22 of 84 companies shown here · the full list is on Radar
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Explore IT services companies in Bhubaneswar by what you are looking for

Find top IT services companies in Bhubaneswar, from software and app development firms to AI, digital transformation and cybersecurity providers. Browse IT services providers by specialty, plus IT startups in Bhubaneswar and companies hiring now.

8 ways to explore it services in Bhubaneswar

Software & app development companiesAI & machine learning service providersDigital transformation & IT consultingDigital marketing, hosting & domain servicesIoT, blockchain & AR/VR developmentCybersecurity & BPO services

Software & app development companies

Firms building custom software, websites and mobile apps.

  1. E Square

    Provider of digital transformation, system integration, and cloud computing services

    Digital transformation services
    See in list
  2. Sustainable Outreach and Universal Leadership

    Provider of software & AI development, cloud computing, and business advisory services

    It services
    See in list
  3. Tatwa

    Provider of mobile application & web development, data analysis, cyber security, system integration, and other services

    It services
    See in list
  4. In2IT Technologies

    Provider of IT infrastructure, application, and security services to businesses

    It services
    Website
  5. Luminous Infoways

    Provider of ERP, software development, consulting, and other services

    It services
    See in list

AI & machine learning service providers

Companies offering AI, data and analytics solutions.

  1. HyScaler

    Provider of software, web, AI & mobile application development, cloud computing, and other services

    Digital transformation services
    Website
  2. Xaryom

    Provider of AI, blockchain, software, app development, and digital solutions

    It services
    Website
  3. Ultracures

    Provider of IT suite, diversified AI, and digital marketing services

    It services
    Website
  4. Utkal Technology

    Provider of threat detection solutions

    Cybersecurity
    Website
  5. ByteIQ

    Provider of big data analytics solutions

    It services
    Website

Digital transformation & IT consulting

Consultants helping businesses modernise with cloud and digital systems.

  1. E Square

    Provider of digital transformation, system integration, and cloud computing services

    Digital transformation services
    See in list
  2. Sustainable Outreach and Universal Leadership

    Provider of software & AI development, cloud computing, and business advisory services

    It services
    See in list
  3. Thoughtspheres

    Provider of data, AI, and cloud solutions for enterprise modernization

    Management consulting services
    See in list
  4. HyScaler

    Provider of software, web, AI & mobile application development, cloud computing, and other services

    Digital transformation services
    Website
  5. 10x Datalabs

    Provider of IT consulting and digital transformation services

    It services
    Website

Digital marketing, hosting & domain services

Providers of SEO, digital marketing, web hosting and domain names.

  1. Suryanandan Net

    Provider of hosting and domain name services

    It services
    Website
  2. Webzin

    Provider of digital marketing, e commerce, and web development services

    Marketing services
    Website
  3. UET Technology Private Limited

    Top app development company

    Marketing services
    Website
  4. I Dreams Technology

    Offers application development, hosting, domain, and SEO services

    Domain services
    Website
  5. Raddyx

    Offers application development services

    E-commerce support services
    See in list

IoT, blockchain & AR/VR development

Specialists in IoT, blockchain and immersive technology.

  1. Asiczen Technologies

    Provider of IoT products, embedded, design, and manufacturing engineering services

    It services
    See in list
  2. Epsum Labs

    Provider of industrial automation, IoT, and software solutions

    It services
    See in list
  3. HyScaler

    Provider of software, web, AI & mobile application development, cloud computing, and other services

    Digital transformation services
    Website
  4. Thoughtspheres

    Provider of data, AI, and cloud solutions for enterprise modernization

    Management consulting services
    See in list
  5. NetTantra

    Services for the development of web-based and mobile applications

    Blockchain services
    Website

Cybersecurity & BPO services

Security assessment providers and business process outsourcing firms.

  1. SMBP Solutions

    Offers software development and BPO services

    It services
    See in list
  2. Utkal Technology

    Provider of threat detection solutions

    Cybersecurity
    Website
  3. BBSR Services

    Provider of IT and legal services

    It services
    Website
  4. Tatwa

    Provider of mobile application & web development, data analysis, cyber security, system integration, and other services

    It services
    See in list
  5. OASYS Tech Solutions

    Oasys Tech Solutions provides data integration, software development, cyber security, SAP ERP, e-commerce, and IT consulting services.

    It services
    Website

IT services startups in Bhubaneswar

Recently founded IT companies in Bhubaneswar.

  1. Sustainable Outreach and Universal Leadership

    Provider of software & AI development, cloud computing, and business advisory services

    It services
    See in list
  2. Vishant Solution

    Provider of IT infrastructure, security, and network and connectivity solutions

    It services
    See in list
  3. Webszet

    Provider of website development services

    It services
    Website
  4. Xaryom

    Provider of AI, blockchain, software, app development, and digital solutions

    It services
    Website
  5. Utkal Technology

    Provider of threat detection solutions

    Cybersecurity
    Website
7 companies in Bhubaneswar

IT services companies hiring in Bhubaneswar

IT companies in Bhubaneswar currently hiring.

  1. In2IT Technologies

    Provider of IT infrastructure, application, and security services to businesses

    It services
    Website
  2. Luminous Infoways

    Provider of ERP, software development, consulting, and other services

    It services
    See in list
  3. Accveil Solutions

    Provider of IT and hardware & software distribution services

    It services
    See in list
  4. Asiczen Technologies

    Provider of IoT products, embedded, design, and manufacturing engineering services

    It services
    See in list
  5. Epsum Labs

    Provider of industrial automation, IoT, and software solutions

    It services
    See in list
9 companies in Bhubaneswar
Mobile reach

Top 10 it services apps from Bhubaneswar

The most-installed Android apps published by it services companies headquartered in Bhubaneswar — 65K 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

Hindi Rashifal

by Wayindia

Installs556
Rating—
Last updatedDec 2025
View on Google Play ↗
Hindi Rashifal screenshot 1Hindi Rashifal screenshot 2Hindi Rashifal screenshot 3Hindi Rashifal screenshot 4Hindi Rashifal screenshot 5
4

NetTantra Talk

by NetTantra

Installs410
Rating—
Last updatedJul 2022
View on Google Play ↗
NetTantra Talk screenshot 1NetTantra Talk screenshot 2NetTantra Talk screenshot 3NetTantra Talk screenshot 4
6

E-Attendance

by E Square

Installs172
Rating—
Last updatedJul 2024
View on Google Play ↗
E-Attendance screenshot 1E-Attendance screenshot 2E-Attendance screenshot 3
7

HyScaler Talk

by HyScaler

Installs136
Rating—
Last updatedFeb 2026
View on Google Play ↗
HyScaler Talk screenshot 1HyScaler Talk screenshot 2HyScaler Talk screenshot 3HyScaler Talk screenshot 4HyScaler Talk screenshot 5HyScaler Talk screenshot 6
10

WEBZ QUIZ

by Webzin

Installs16
Rating—
Last updatedSep 2025
View on Google Play ↗
WEBZ QUIZ screenshot 1WEBZ QUIZ screenshot 2WEBZ QUIZ screenshot 3WEBZ QUIZ screenshot 4
The business behind the activity

It services financials in Bhubaneswar

Revenue, profit and growth from the filed annual accounts of 20 it services companies in Bhubaneswar for FY24-25 — 28 of the 84 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 91% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹338.02 cr

20 companies filing accounts

combined net profit₹11.30 cr

3.3% aggregate margin

are profitable90%

18 of 20 companies

median revenue~₹2.8 cr

the typical company

median revenue growth+11%

into FY24-25

earned by the top five91%

revenue concentration

Six-year view

Combined revenue of filing companies

₹212.57 crFY19-2023 filers
₹183.80 crFY20-2123 filers
₹255.95 crFY21-2224 filers
₹401.86 crFY22-2325 filers
₹472.49 crFY23-2424 filers
₹338.02 crFY24-2520 filers

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

Like-for-like

The same 19 companies over three years

+24%
FY22-23₹267.56 cr₹9.59 cr net
FY23-24₹338.51 cr₹14.38 cr net
FY24-25₹333.02 cr₹11.15 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 cr683% profitable
₹1–10 cr1090% profitable
₹10–100 cr3100% profitable
₹100–1,000 cr1100% 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

Shrinking5
0–20%6
20–50%4
50–100%4
Doubled+1

20 companies with accounts for both years; median growth +11%.

Profitability

Profit is concentrated at the top

18profitable
2loss-making
3.3%aggregate margin
3.2%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
TatwaTATWA TECHNOLOGIES LIMITED+30%₹78.30 cr
Accveil SolutionsACCVEIL SOLUTIONS PRIVATE LIMITED+10%₹26.90 cr
NetTantraNETTANTRA TECHNOLOGIES (INDIA) PRIVATE LIMITED+9%₹15.58 cr
E SquareE SQUARE SYSTEM & TECHNOLOGIES PRIVATE LIMITED-14%₹176.84 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
NetTantraNETTANTRA TECHNOLOGIES (INDIA) PRIVATE LIMITED16.1%₹15.58 cr
E SquareE SQUARE SYSTEM & TECHNOLOGIES PRIVATE LIMITED3.7%₹176.84 cr
Accveil SolutionsACCVEIL SOLUTIONS PRIVATE LIMITED3.3%₹26.90 cr
TatwaTATWA TECHNOLOGIES LIMITED1.4%₹78.30 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
It services16₹145.15 cr~₹2.8 cr94%1.5%
Leaders

Largest it services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
E SquareE SQUARE SYSTEM & TECHNOLOGIES PRIVATE LIMITED₹176.84 cr₹6.62 cr3.7%-14%
TatwaTATWA TECHNOLOGIES LIMITED₹78.30 cr₹1.06 cr1.4%+30%
Accveil SolutionsACCVEIL SOLUTIONS PRIVATE LIMITED₹26.90 cr₹88.25 lakh3.3%+10%
NetTantraNETTANTRA TECHNOLOGIES (INDIA) PRIVATE LIMITED₹15.58 cr₹2.51 cr16.1%+9%
Vishant SolutionVISHANT SOLUTIONS PRIVATE LIMITED₹8.70 cr₹17.58 lakh2.0%+79%
Amazing WorkzAW TECHNOLOGIES PRIVATE LIMITED₹5.13 cr₹25.52 lakh5.0%+48%
CentroxyCENTROXY SOLUTION PRIVATE LIMITED₹5.00 cr₹15.48 lakh3.1%+13%
ByteIQBYTEIQ ANALYTICS PRIVATE LIMITED₹4.87 cr18.6%+50%
SoftnetSOFTNET TECHNOWARE PRIVATE LIMITED₹3.94 cr₹8.43 lakh2.1%+51%
Asiczen TechnologiesASICZEN TECHNOLOGIES INDIA PRIVATE LIMITED₹3.16 cr−₹1.70 cr-54.0%-72%
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

It services funding and M&A across India

429 recorded equity rounds have gone to 13,925 it services companies in India — how much, at which stage, into which sub-sectors, from whom, and how Bhubaneswar compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months2

US$11.03m

equity rounds, last 24 months23

US$124.45m

raised over five yearsUS$626.37m

123 rounds in India

M&A deals, India178

last 24 months

Capital by year

Equity funding into it services in India

amount rounds
$218m201833
$134m201932
$3.7m202017
$221m202128
$182m202233
$48m202320
$59m202423
$106m202517
$11m20262

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$220.64m across 28 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$20.40m32 rounds · median US$105k
SeedUS$53.07m61 rounds · median US$479k
Series AUS$184.93m20 rounds · median US$4.70m
Series BUS$67.96m6 rounds · median US$12.50m
Series D+US$300.00m2 rounds · median US$150.00m
Where the money went · five years

Most-funded sub-sectors

It servicesUS$499.22m85 rounds · 60 companies
Digital transformation servicesUS$54.74m10 rounds · 7 companies
Erp servicesUS$41.00m2 rounds · 1 companies
Management consulting servicesUS$15.86m5 rounds · 4 companies
Ai servicesUS$13.69m7 rounds · 6 companies
Blockchain servicesUS$1.10m2 rounds · 1 companies
Semiconductor design and manufacturing servicesUS$323k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

171Acquisition
5Merger
2Announced

Most active acquirers

  1. Infosys18
  2. Hexaware technologies11
  3. Ntt data11
  4. Tata consultancy services8
  5. Persistent systems6

Most acquired or merged

  1. Slk software6
  2. Optimum healthcare it3
  3. Genisys group3
  4. Arrka3
  5. Consulting Professionals Services Holdings Limited2

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

Founders and momentum in Bhubaneswar

Meet the people behind it services companies in Bhubaneswar. 18 of 84 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring it services in India and nearby markets.

Coming soon