Company lists
The Maharashtra edition · 2026

It servicescompanies in Maharashtra

Software development, IT consulting, managed IT & support, AI, IoT & blockchain, ERP and more: the companies building it services in Maharashtra, with their founders, funding, team size and business models.

2,779 company profiles692 with reported revenue35 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent it services business events in Maharashtra

Funding, M&A, contract wins and launches involving 2,965 it services companies in Maharashtra, last 24 months: 142 Contracts · 63 M&A deals · 37 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
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
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
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
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

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
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.

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 · 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

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
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
ContractTechnology

Tata consultancy services · client: Government of india

The central government has empanelled six partner firms, including Tata Consultancy Services (TCS), to develop and deploy artificial intelligence (AI) solutions across government…

AI services
LaunchClearView™

Hoonartek

Hoonartek today launched ClearView™, an agentic decisioning layer built to help Indian enterprises activate their existing data investments and replace the fragmented SaaS tools sitting…

Agentic decisioning layer
ContractService

3i infotech · client: leading US credit union company

3i Infotech’s material wholly owned step-down subsidiary — 3i Infotech Inc., USA, has received a work order worth around Rs 1.26 crore (exclusive of applicable taxes) from a leading US…

ContractService

Zensar technologies · client: Financial services player

Zensar Technologies landed a $210 million contract for five years with a financial services player

ContractTechnology

Mastek · client: UK Home Office

Mastek secured a $110 million engineering contract from the UK Home Office

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
LaunchSecurennov

Stl digital

STL Digital Ltd, on Thursday launched Securennov, a cybersecurity services portfolio targeting enterprise clients.

Cybersecurity services portfolio
ContractService

Zensar technologies · client: Large financial services company

Last month, Pune-based Zensar Technologies secured a $210 million deal with a large financial services company for a period of 5.5 years.

IT services / digital transformation
M&AAcquisition · Completed

Stel holdings acquires Zensar technologies

STEL Holdings Limited has announced the acquisition of 35,970 equity shares in Zensar Technologies Limited through a market purchase transaction completed on March 05, 2026.

Computers - Software & Consulting
ContractService

Mastek · client: Home office

Mastek’s wholly-owned subsidiary — Mastek (UK) has secured an engineering contract with the Home Office, with an overall budget of circa 85 million pound /over $110 million.

Government
ContractService

3i infotech · client: Leading renewable energy company

3i Infotech’s material wholly owned subsidiary — 3i Infotech Inc. has received a service purchase order from a leading renewable energy company. The engagement involves providing support…

Renewable Energy
M&AAcquisition · Completed

Harbinger acquires Phantom ai

Electric trucking startup Harbinger has acquired autonomous driving software company Phantom AI, in an effort to vertically integrate more technology and create new revenue streams for…

Autonomous driving software
ContractGovernment

Atishay · client: Maharashtra government

Shares of Atishay are likely to remain in focus after the company secured a work order worth Rs 33.67 lakh for printing Ayushman cards from the Maharashtra government.

Public healthcare
ContractInfrastructure

Amd · client: Tata consultancy services

AMD is partnering with Tata Consultancy Services Tata Consultancy Services to deploy its Helios AI data center blueprint in India, supporting up to 200MW of capacity as it challenges…

Technology
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…

It services companies in Maharashtra, by revenue

Browse it services companies in Maharashtra 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 692 it services companies in 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 business solution, data analytics, and IT suite services

It services
₹245,315.00 crFY 2023-24
Not reported
715,834+12% 12 mo to Jul 2024LinkedIn · Jul 2026
58 yr1968
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

IT Services and Solutions provider

It services
₹38,997.80 crFY 2024-25
+8%2024–2025
20,959+2% 12 mo to Sep 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Provider of IT and consulting services

It services
₹36,218.90 crFY 2023-24
Not reported
57,422-1% 12 mo to Aug 2024recorded Aug 2024
30 yr1996
56postings · last posted Sep 2026

Network operations and consultancy services for telecom sector

It services
₹23,238.89 crFY 2024-25
+10%2024–2025
5,165-8% 12 mo to Mar 2024LinkedIn · Jul 2026
18 yr2008
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 IT suite, consulting, data analytics, and digital transformation services

Management consulting services
₹12,076.87 crFY 2024-25
+21%2024–2025
29,079LinkedIn · Jul 2026
36 yr1990
143postings · 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 cloud, security, IT asset management, and other services

It services
₹6,791.08 crFY 2024-25
+19%2024–2025
364LinkedIn · Jul 2026
4 yr2022
12postings · last posted Sep 2026

Provider of managed IT services

It services
₹5,971.94 crFY 2024-25
+1394%2024–2025
443+9% 12 mo to Mar 2023recorded Mar 2023
40 yr1986
0none in 3 months

Provider of optical fibre network

It services
₹5,535.00 crFY 2023-24
Not reported
6,467-84% vs previous recordLinkedIn · Jul 2026
38 yr1988
0none in 3 months · last posted May 2026

IT services, engineering services and BPO services

It services
₹4,951.00 crFY 2022-23
Not reported
15,312-4% 12 mo to Mar 2024LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Provider of IT services for businesses

It services
₹3,477.51 crFY 2024-25
Not reported
2,050+21% 12 mo to Jul 2024recorded Jul 2024
44 yr1982
47postings · last posted Sep 2026

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 product engineering and digital transformation consulting solutions

It services
₹2,535.39 crFY 2024-25
+16%2024–2025
7,093-4% 12 mo to Aug 2024recorded Aug 2024
31 yr1995
5postings · last posted Sep 2026

IT infrastructure and managed services provider

It services
₹1,412.17 crFY 2024-25
+16%2024–2025
578-0% 12 mo to Sep 2024recorded Sep 2024
32 yr1994
0none in 3 months

Provider of IT service suite solutions

It services
₹1,372.34 crFY 2024-25
Not reported
256+24% 12 mo to Sep 2024recorded Sep 2024
39 yr1987
0none in 3 months

Provider of IT infrastructure solutions and services

It services
₹1,273.93 crFY 2024-25
+24%2024–2025
4,437+5% 12 mo to Jul 2024recorded Jul 2024
31 yr1995
0none in 3 months

Provider of IT services and solutions

It services
₹1,212.38 crFY 2024-25
+271%2024–2025
11LinkedIn · Jul 2026
34 yr1992
0none in 3 months

Provider of manpower planning, healthcare solutions, and IT/ITES services

It services
₹1,182.80 crFY 2024-25
+123%2024–2025
5,186+14% 12 mo to Sep 2024recorded Sep 2024
21 yr2005
0none in 3 months

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 IT, cloud computing, managed security, and software development services

Digital transformation services
₹1,093.64 crFY 2024-25
+31%2024–2025
216LinkedIn · Jul 2026
28 yr1998
0none in 3 months · last posted May 2026

Provider of cloud management and IT security services

It services
₹1,058.16 crFY 2024-25
+14%2024–2025
716+4% 12 mo to Sep 2024recorded Sep 2024
37 yr1989
0none in 3 months

VDA is an #IT solution provider which enables clients to seamlessly align IT with changing #business imperatives.

It services
₹1,042.60 crFY 2024-25
+34%2024–2025
300recorded
16 yr2010
0none in 3 months

Provider of cloud technologies, artificial intelligence, data analytics, and other services

It services
₹970.45 crFY 2024-25
+8%2024–2025
375recorded
22 yr2004
15postings · last posted Sep 2026
50 of 2,779 companies shown here · the full list is on Radar
Fliar Radar

Explore all 2,779 it services companies in Maharashtra on Radar

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

Open it services in Maharashtra on Radar
  • Every company, not just 50All 2,779 it services companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore IT services companies in Maharashtra by what you are looking for

Browse the top IT services companies in Maharashtra, from IT consulting services and managed IT services to software development. Find IT support services providers, digital transformation partners and startups near you.

9 ways to explore it services in Maharashtra

Software & application development companiesIT consulting & digital transformation servicesManaged IT & IT support servicesAI, IoT & blockchain services companiesERP implementation & business software servicesBPO & digital marketing services

Software & application development companies

IT firms building custom software, web and mobile applications.

  1. Geodesic

    Provider of software development and IT consulting services

    It services
    Website
  2. COMnet

    Provider of IT, cloud computing, managed security, and software development services

    Digital transformation services
    See in list
  3. Trigyn Technologies

    IT managed services & software development solutions provider

    It services
    See in list
  4. 3i Infotech

    Provider of a cloud-based banking software suite

    It services
    See in list
  5. PHN Technology

    Provider of STEM education solutions for schools and colleges

    It services
    See in list

IT consulting & digital transformation services

Consultancies helping businesses plan and run digital transformation and technology programmes.

  1. Tech Mahindra

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

    Bpo services
    See in list
  2. LTIMindtree

    Provider of IT and consulting services

    It services
    See in list
  3. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  4. Persistent

    Provider of IT suite, consulting, data analytics, and digital transformation services

    Management consulting services
    See in list
  5. Geodesic

    Provider of software development and IT consulting services

    It services
    Website

Managed IT & IT support services

Providers of managed IT services, IT support, hosting, networking and IT outsourcing.

  1. Dynacons System & Solutions

    Provider of IT infrastructure solutions and services

    It services
    See in list
  2. Inmac

    Provider of IT services and solutions

    It services
    See in list
  3. Sigma B te Computers Private Limited

    Provider of ICT and ELV infrastructure solutions

    It services
    Website
  4. Essjay

    Provider of application development, print, managed IT, hardware distribution, and digital marketing services

    Print services
    Website
  5. Flightcase

    Provider of outsourced IT infrastructure and support services. This includes Network Operations Center (NOC) management, engineering support, helpdesk services, remote monitoring, and various IT/telecom specialized software services. The company offers solutions for managing digital assets, network security, and risk. They also provide business analysis, rate administration, and sales/account management support. Backend technical support and legal/contract administration are additional services offered. Support is provided across various tiers, from Tier 1 to Tier 3, with subject matter expert

    It services
    Website

AI, IoT & blockchain services companies

Service companies building AI, IoT, AR/VR and blockchain solutions.

  1. Talentica

    Services related to software development, cloud infrastructure, data storage and application security

    Ai services
    Website
  2. Pratiti

    Provider of digital twin technology for solar plants

    It services
    Website
  3. Thinkitive

    Provider of IT suite and diversified AI solutions

    Iot services
    Website
  4. Indexnine

    Provider of full service AI powered software engineering

    Ai services
    Website
  5. Techbulls

    Developer of AI solutions and future-ready digital experiences

    It services
    Website

ERP implementation & business software services

Firms implementing ERP and enterprise business software.

  1. InfraBeat

    Provider of AI, cloud consulting, and ERP services

    Erp services
    Website
  2. Virtual Galaxy Infotech

    Provider of ERP software services

    It services
    Website
  3. Highbar Technocrat

    Provider of ERP SAP, consulting, and other services

    Erp services
    Website
  4. SoftCore Solutions

    IT and enterprise solutions provider delivering ERP, CRM, cloud, and digital transformation services to help businesses

    Erp services
    Website
  5. SAVIC

    Provider of application development, cloud, cybersecurity, and other services

    Digital transformation services
    Website

BPO & digital marketing services

Outsourcing, business process and digital marketing agencies.

  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. PHN Technology

    Provider of STEM education solutions for schools and colleges

    It services
    See in list
  4. 1Point1

    Provider of AI-powered business process and customer experience outsourcing

    Management consulting services
    Website
  5. Enser

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

    Marketing services
    Website

IT services startups in Maharashtra

Recently founded IT services companies in Maharashtra.

  1. DSG RESORTS

    Provider of web hosting and affiliate marketing services

    It services
    Website
  2. Tech Visit IT PRIVATE LIMITED

    Provider of backup, networking, and cyber security services

    It services
    Website
  3. Digital Connexion

    Provider of data center services

    It services
    Website
  4. Fineshift

    Provider of DevSecOps services

    It services
    Website
  5. Instalogic

    Provider of IT services for businesses

    It services
    Website
112 companies in Maharashtra

IT services companies hiring in Maharashtra

IT services companies that are currently recruiting.

  1. LTIMindtree

    Provider of IT and consulting services

    It services
    See in list
  2. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  3. Persistent

    Provider of IT suite, consulting, data analytics, and digital transformation services

    Management consulting services
    See in list
  4. Noventiq

    Provider of cloud, security, IT asset management, and other services

    It services
    See in list
  5. STL

    Provider of optical fibre network

    It services
    See in list
57 companies in Maharashtra

Listed IT services companies in Maharashtra

Publicly listed IT services companies.

  1. TCS

    Provider of business solution, data analytics, and IT suite services

    It services
    See in list
  2. Tech Mahindra

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

    Bpo services
    See in list
  3. L&T Infotech

    IT Services and Solutions provider

    It services
    See in list
  4. LTIMindtree

    Provider of IT and consulting services

    It services
    See in list
  5. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
58 companies in Maharashtra
Mobile reach

Top 10 it services apps from Maharashtra

The most-installed Android apps published by it services companies headquartered in Maharashtra — 124.3M installs between them. 271 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

AppLock - Fingerprint

by SP Soft Mobile

Installs90.3M
Rating4.34965K ratings
Installs, year on year+7%
Last updatedFeb 2025
View on Google Play ↗
AppLock - Fingerprint screenshot 1AppLock - Fingerprint screenshot 2AppLock - Fingerprint screenshot 3AppLock - Fingerprint screenshot 4AppLock - Fingerprint screenshot 5
2

CPU X - Device & System info

by Adalve

Installs12.2M
Rating4.69264K ratings
Installs, year on year+20%
Last updatedMay 2026
View on Google Play ↗
CPU X - Device & System info screenshot 1CPU X - Device & System info screenshot 2CPU X - Device & System info screenshot 3CPU X - Device & System info screenshot 4CPU X - Device & System info screenshot 5CPU X - Device & System info screenshot 6
3

English Kids App

by Urva Apps

Installs7.8M
Rating4.237K ratings
Installs, year on year+10%
Last updatedJul 2025
View on Google Play ↗
English Kids App screenshot 1English Kids App screenshot 2English Kids App screenshot 3English Kids App screenshot 4English Kids App screenshot 5English Kids App screenshot 6
4

Paint Board

by KarjatOnline

Installs2.7M
Rating3.084K ratings
Installs, year on year+1%
Last updatedFeb 2024
View on Google Play ↗
Paint Board screenshot 1Paint Board screenshot 2Paint Board screenshot 3Paint Board screenshot 4Paint Board screenshot 5Paint Board screenshot 6
5

NoteBook: NoAds Notepad

by Bhumkar

Installs2.5M
Rating4.276K ratings
Last updatedMay 2026
View on Google Play ↗
NoteBook: NoAds Notepad screenshot 1NoteBook: NoAds Notepad screenshot 2NoteBook: NoAds Notepad screenshot 3NoteBook: NoAds Notepad screenshot 4NoteBook: NoAds Notepad screenshot 5NoteBook: NoAds Notepad screenshot 6
7

myClassmate App – Play & Learn

by Techved

Installs2.2M
Rating—
Installs, year on year+12%
Last updatedMar 2026
View on Google Play ↗
myClassmate App – Play & Learn screenshot 1myClassmate App – Play & Learn screenshot 2myClassmate App – Play & Learn screenshot 3myClassmate App – Play & Learn screenshot 4myClassmate App – Play & Learn screenshot 5myClassmate App – Play & Learn screenshot 6
8

Memoji Cartoon Stickers for Wh

by Crewlett

Installs1.9M
Rating3.9719K ratings
Last updatedFeb 2024
View on Google Play ↗
Memoji Cartoon Stickers for Wh screenshot 1Memoji Cartoon Stickers for Wh screenshot 2Memoji Cartoon Stickers for Wh screenshot 3Memoji Cartoon Stickers for Wh screenshot 4Memoji Cartoon Stickers for Wh screenshot 5
9

Breathe: relax & focus

by Havabee

Installs1.6M
Rating4.8720K ratings
Installs, year on year+35%
Last updatedJun 2026
View on Google Play ↗
Breathe: relax & focus screenshot 1Breathe: relax & focus screenshot 2Breathe: relax & focus screenshot 3Breathe: relax & focus screenshot 4Breathe: relax & focus screenshot 5Breathe: relax & focus screenshot 6
10

Webmail - All Email in One

by Colloidle

Installs884K
Rating3.084K ratings
Last updatedJun 2026
View on Google Play ↗
Webmail - All Email in One screenshot 1Webmail - All Email in One screenshot 2Webmail - All Email in One screenshot 3Webmail - All Email in One screenshot 4Webmail - All Email in One screenshot 5Webmail - All Email in One screenshot 6
The business behind the activity

It services financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 656 it services companies in Maharashtra for FY24-25 — 754 of the 2,779 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 86% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹376,634.96 cr

656 companies filing accounts

combined net profit₹62,600.35 cr

16.6% aggregate margin

are profitable85%

559 of 656 companies

median revenue~₹11.0 cr

the typical company

median revenue growth+14%

into FY24-25

earned by the top five86%

revenue concentration

Six-year view

Combined revenue of filing companies

₹214,975.59 crFY19-20589 filers
₹218,331.07 crFY20-21619 filers
₹274,105.42 crFY21-22640 filers
₹326,573.04 crFY22-23664 filers
₹351,407.03 crFY23-24683 filers
₹376,634.96 crFY24-25656 filers

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

Like-for-like

The same 603 companies over three years

+18%
FY22-23₹317,794.63 cr₹50,129.78 cr net
FY23-24₹339,583.71 cr₹54,138.79 cr net
FY24-25₹373,722.70 cr₹62,424.00 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 cr10862% profitable
₹1–10 cr21280% profitable
₹10–100 cr24295% profitable
₹100–1,000 cr77100% profitable
Over ₹1,000 cr1794% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking176
0–20%203
20–50%131
50–100%59
Doubled+73

642 companies with accounts for both years; median growth +14%.

Profitability

Profit is concentrated at the top

559profitable
97loss-making
16.6%aggregate margin
4.3%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
NibeNIBE DEFENCE AND AEROSPACE LIMITED+651%₹26.79 cr
PHN TechnologyPHN TECHNOLOGY PRIVATE LIMITED
XCT SolutionsXCT SOLUTIONS PRIVATE LIMITED+328%₹26.26 cr
InstalogicINSTALOGIC SOLUTIONS PRIVATE LIMITED+286%₹43.89 cr
InmacINMAC COMPUTERS LIMITED+271%₹1,212.38 cr
0101. today0101 TODAY PRIVATE LIMITED+201%₹11.28 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
NuSummitDEXIT GLOBAL LIMITED236.1%
LogicLoomLOGICLOOM IT SOLUTIONS PRIVATE LIMITED₹10.74 cr
InstalogicINSTALOGIC SOLUTIONS PRIVATE LIMITED52.9%₹43.89 cr
TudipTUDIP TECHNOLOGIES PRIVATE LIMITED42.0%₹80.30 cr
CybageCYBAGE SOFTWARE PRIVATE LIMITED38.3%₹2,500.99 cr
PnQ TechnologiesPNQ TECHNOLOGIES PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
It services511₹309,227.04 cr~₹12.9 cr86%18.2%
Bpo services8₹48,566.73 cr~₹34.6 cr88%8.2%
Management consulting services12₹12,315.91 cr~₹9.6 cr83%9.7%
Digital transformation services19₹2,170.93 cr~₹13.6 cr95%31.3%
Ai services13₹704.11 cr~₹5.0 cr92%7.5%
Erp services30₹512.72 cr~₹4.4 cr77%6.2%
Marketing services12₹160.73 cr~₹3.3 cr75%8.7%
Iot services20₹155.71 cr~₹87 lakh55%15.0%
Leaders

Largest it services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
TCSTATA CONSULTANCY SERVICES LIMITED₹224,495.00 cr₹48,057.00 cr21.4%+7%
Tech MahindraTECH MAHINDRA LIMITED₹45,950.20 cr₹3,506.10 cr7.6%+5%
L&T InfotechLTIMINDTREE LIMITED₹37,656.30 cr₹4,446.50 cr11.8%+8%
PersistentPERSISTENT SYSTEMS LIMITED₹11,908.85 cr₹1,155.14 cr9.7%+78%
NoventiqNOVENTIQ SERVICES INDIA PRIVATE LIMITED₹4,550.89 cr₹12.65 cr0.3%+21%
ZensarZENSAR TECHNOLOGIES LIMITED₹2,529.20 cr₹594.80 cr23.5%+15%
CybageCYBAGE SOFTWARE PRIVATE LIMITED₹2,500.99 cr₹958.53 cr38.3%+17%
eClerxECLERX SERVICES LIMITED₹2,495.35 cr₹359.50 cr14.4%+17%
STL Digital, STLSterlite Technologies Limited₹2,348.00 cr−₹115.00 cr-4.9%-17%
FirstsourceFIRSTSOURCE SOLUTIONS LIMITED₹2,346.84 cr₹427.04 cr18.2%+43%
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Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

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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 Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months4

US$19.69m

equity rounds, last 24 months26

US$127.82m

raised over five yearsUS$626.37m

123 rounds in India

M&A deals, Maharashtra63

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 Maharashtra

59Acquisition
3Merger
1Announced

Most active acquirers

  1. Hexaware technologies11
  2. Tata consultancy services8
  3. Persistent systems6
  4. Orient technologies4
  5. Tech mahindra3

Most acquired or merged

  1. Arrka3
  2. Consulting Professionals Services Holdings Limited2
  3. Avant techno solutions2
  4. Mastek2
  5. Coastal cloud2

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

It services funding in Maharashtra

35 it services companies in Maharashtra have recorded equity funding, US$179.76m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind it services companies in Maharashtra. 662 of 2,779 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra it services companies by sub-sector

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

Keep exploring it services in India and nearby markets.

Coming soon