Company lists
The Mumbai edition · 2026

It servicescompanies in Mumbai

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

1,302 company profiles357 with reported revenue24 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent it services business events in Mumbai

Funding, M&A, contract wins and launches involving 1,383 it services companies in Mumbai, last 24 months: 109 Contracts · 48 M&A deals · 21 launches · 5 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

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
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
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.

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
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…

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
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
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

Zensar technologies acquires Mastek

Zensar Technologies is said to be close to acquiring Mastek in an $850–$900 million stock-and-cash deal.

IT services
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…

ContractService

Hgs interactive · client: Tirex chargers

Representational HGS Interactive, a global digital marketing agency and part of intelligent experience company Hinduja Global Solutions (HGS), has announced that it has secured the…

E-mobility
M&AAcquisition · Announced

Avance technologies acquires Pushpak AI

Avance Technologies said that it has signed a non‑binding term sheet to acquire up to 100% equity stake in Pushpak AI.

Computer Vision and Edge AI
ContractService

Atishay · client: State Health Agency under Ayushman Bharat, Pradhan Mantri Jan Arogya Yojana

Atishay Limited has received a significant work order from the State Health Agency under Ayushman Bharat, Pradhan Mantri Jan Arogya Yojana, for printing and delivering PVC Ayushman Cards…

Government Healthcare
ContractService

Meta infotech · client: Na

Meta Infotech Limited has received fresh and renewal purchase orders totalling Rs. 101.92 lakhs for cloud-based security, support services, and monitoring subscriptions. These orders…

Cybersecurity
ContractInfrastructure

Tpg · client: Tata consultancy services

Tata Consultancy Services itself has raised $1 billion from TPG for its AI venture called HyperVault.

AI infrastructure
M&AAcquisition · Announced

Paramatrix technologies acquires Metasys software

According to the latest disclosures filed with the NSE, the Board of Paramatrix Technologies Limited has approved the acquisition of 100 percent equity share capital of Metasys Software…

Information Technology
Funding

Digital Connexion

Reliance-backed Digital Connexion unveiled an $11 billion campus in Visakhapatnam

Investors Na
AI infrastructure
M&AAcquisition · Announced

Walking tree acquires Octaware technologies

Octaware Technologies Limited has received an open offer from Walking Tree Technologies Private Limited to acquire up to 9,34,400 equity shares, representing 26.02% of the voting…

IT
ContractGovernment

Digital Connexion · client: Government of india

Digital Connexion — a joint venture between Mukesh Ambani’s Reliance Industries Ltd, Brookfield Asset Management Ltd and Digital Realty Trust Inc. — has signed an agreement to invest $11…

Technology
ContractTechnology

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

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

Technology

It services companies in Mumbai, by revenue

Browse it 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 357 it 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 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

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 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 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

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 digital transformation and IT suite services

It services
₹932.61 crFY 2024-25
+6%2024–2025
452+12% 12 mo to Jul 2024recorded Jul 2024
36 yr1990
2postings · last posted Sep 2026

IT managed services & software development solutions provider

It services
₹915.79 crFY 2024-25
-29%2024–2025
1,565-10% 12 mo to Mar 2024LinkedIn · Jul 2026
40 yr1986
7postings · last posted Sep 2026

Provider of digital public infrastructure and e-governance solutions

Services for government
₹908.88 crFY 2024-25
-4%2024–2025
730+7% 12 mo to Sep 2024recorded Sep 2024
31 yr1995
0none in 3 months

Provider of IT consulting services

It services
₹851.67 crFY 2024-25
+24%2024–2025
2,890+67% vs previous recordLinkedIn · Jul 2026
42 yr1984
2postings · last posted Aug 2026

Provider of IT service suite solutions

It services
₹846.29 crFY 2024-25
+39%2024–2025
1,843+10% 12 mo to Sep 2024LinkedIn · Jul 2026
29 yr1997
9postings · last posted Sep 2026

Provider of a cloud-based banking software suite

It services
₹817.20 crFY 2023-24
Not reported
7,986-55% 12 mo to Aug 2023LinkedIn · Jul 2026
33 yr1993
0none in 3 months
50 of 1,302 companies shown here · the full list is on Radar
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Explore IT services companies in Mumbai by what you are looking for

Find top IT services companies in Mumbai, from large IT consulting firms to managed IT services providers. You can also see IT services startups in Mumbai and IT services companies hiring in Mumbai.

9 ways to explore it services in Mumbai

Software & application development companiesIT consulting & digital transformation companiesManaged IT services, infrastructure & cybersecurityERP & enterprise software services companiesAI, IoT & blockchain services companiesBPO & business process outsourcing companies

Software & application development companies

IT services 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. QualityKiosk Technologies

    Provider of software testing, devops, IT consulting, and other services

    It services
    See in list

IT consulting & digital transformation companies

Consulting firms for IT strategy and digital transformation.

  1. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  2. Wysetek

    Provider of digital transformation and IT suite services

    It services
    See in list
  3. 1Point1

    Provider of AI-powered business process and customer experience outsourcing

    Management consulting services
    See in list
  4. NuSummit

    Provider of digital transformation and cybersecurity services

    Digital transformation services
    See in list
  5. Highbar Technocrat

    Provider of ERP SAP, consulting, and other services

    Erp services
    Website

Managed IT services, infrastructure & cybersecurity

Providers of managed IT, hosting, networking and cybersecurity services.

  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. Syndrome

    Provider of enterprise technologies, communication infrastructure and digital automation

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

    Provider of ICT and ELV infrastructure solutions

    It services
    See in list
  5. ReBIT

    Provider of cyber security services for indian banking sectors

    It services
    Website

ERP & enterprise software services companies

Firms implementing ERP, SAP and Microsoft Dynamics.

  1. Highbar Technocrat

    Provider of ERP SAP, consulting, and other services

    Erp services
    Website
  2. SAVIC

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

    Digital transformation services
    Website
  3. Inteliwaves

    Provider of SAP management services

    Erp services
    Website
  4. Aliter Business Solutions

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

    It services
    Website
  5. Copia Consultancy Services

    Provider of business process automation software solutions. It develops and implements software designed to streamline and optimize business processes across various industries, including banking, manufacturing, and consumer durables. The solutions address gaps in existing ERP and CRM systems, improving efficiency and reducing operational costs. The software is tailored to meet the specific needs of individual organizations, considering their unique processes and culture. A focus on continuous improvement ensures ongoing customer benefit and satisfaction.

    Digital transformation services
    Website

AI, IoT & blockchain services companies

Companies offering AI, IoT, AR/VR and blockchain development.

  1. Neebal

    Provider of Industrial IoT solutions and consulting services

    Digital transformation services
    Website
  2. Yodaplus

    Provider of technology solutions for financial, supply chain, and blockchain sectors

    Digital transformation services
    Website
  3. AIVOT

    Provider of AI solutions

    It services
    Website
  4. Markytics

    Business consulting and analytics firm

    Ai services
    Website
  5. FPS Services

    Provider of IT suite and diversified AI solutions

    It services
    Website

BPO & business process outsourcing companies

Business process outsourcing, back-office and customer experience providers.

  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. S2IIL

    Provider of manpower planning, healthcare solutions, and IT/ITES 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. VIAANTE

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

    Bpo services
    Website

Digital marketing & web services companies

IT companies that also offer digital marketing, SEO and web design.

  1. Enser

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

    Marketing services
    Website
  2. Plexus

    Provider of IT service suite solutions and digital marketing services

    Bpo services
    Website
  3. DiTech

    Provider of publishing, financial and legal outsourcing services

    It services
    Website
  4. Insignia

    Provider of Healthcare Marketing Process Outsourcing solutions

    It services
    Website
  5. Datagrid

    Provider of software development, IT outsourcing, customized business solutions

    Marketing services
    Website

Listed IT services companies in Mumbai

Publicly listed IT services companies in Mumbai.

  1. TCS

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

    It services
    See in list
  2. L&T Infotech

    IT Services and Solutions provider

    It services
    See in list
  3. LTIMindtree

    Provider of IT and consulting services

    It services
    See in list
  4. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  5. Firstsource

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

    Bpo services
    See in list
48 companies in Mumbai

IT services startups in Mumbai

Recently founded IT services companies in Mumbai.

  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. Instalogic

    Provider of IT services for businesses

    It services
    Website
  5. VL E-Governance & IT Solutions

    Provider of e-governance and IT solutions

    It services
    Website
59 companies in Mumbai
Mobile reach

Top 10 it services apps from Mumbai

The most-installed Android apps published by it services companies headquartered in Mumbai — 7.5M installs between them. 127 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

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
2

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
3

Artificial Intelligence

by Softecks

Installs780K
Rating4.578K ratings
Installs, year on year+54%
Last updatedMar 2026
View on Google Play ↗
Artificial Intelligence screenshot 1Artificial Intelligence screenshot 2Artificial Intelligence screenshot 3Artificial Intelligence screenshot 4Artificial Intelligence screenshot 5Artificial Intelligence screenshot 6
6

Dua ul Masnoon -الدعاء المسنون

by Hashir Labs

Installs513K
Rating4.562K ratings
Last updatedMay 2026
View on Google Play ↗
Dua ul Masnoon -الدعاء المسنون screenshot 1Dua ul Masnoon -الدعاء المسنون screenshot 2Dua ul Masnoon -الدعاء المسنون screenshot 3Dua ul Masnoon -الدعاء المسنون screenshot 4Dua ul Masnoon -الدعاء المسنون screenshot 5Dua ul Masnoon -الدعاء المسنون screenshot 6
10

Me Mathadi

by Avion

Installs166K
Rating—
Last updatedJul 2025
View on Google Play ↗
Me Mathadi screenshot 1Me Mathadi screenshot 2Me Mathadi screenshot 3Me Mathadi screenshot 4Me Mathadi screenshot 5Me Mathadi screenshot 6
The business behind the activity

It services financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 337 it services companies in Mumbai, Maharashtra for FY24-25 — 384 of the 1,302 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 90% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹301,305.88 cr

337 companies filing accounts

combined net profit₹55,620.86 cr

18.5% aggregate margin

are profitable86%

291 of 337 companies

median revenue~₹14.6 cr

the typical company

median revenue growth+17%

into FY24-25

earned by the top five90%

revenue concentration

Six-year view

Combined revenue of filing companies

₹170,312.31 crFY19-20302 filers
₹174,459.01 crFY20-21316 filers
₹219,877.49 crFY21-22330 filers
₹261,276.38 crFY22-23342 filers
₹285,203.87 crFY23-24353 filers
₹301,305.88 crFY24-25337 filers

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

Like-for-like

The same 315 companies over three years

+18%
FY22-23₹252,970.04 cr₹43,961.99 cr net
FY23-24₹274,115.88 cr₹49,274.60 cr net
FY24-25₹298,951.93 cr₹55,487.80 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 cr4260% profitable
₹1–10 cr10679% profitable
₹10–100 cr12594% profitable
₹100–1,000 cr52100% profitable
Over ₹1,000 cr12100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking80
0–20%110
20–50%76
50–100%31
Doubled+38

335 companies with accounts for both years; median growth +17%.

Profitability

Profit is concentrated at the top

291profitable
46loss-making
18.5%aggregate margin
4.1%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
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
TechnaviousTECHNAVIOUS SOLUTIONS PRIVATE LIMITED+182%
CloudFirstCLOUDFIRST TECHNOLOGY PRIVATE LIMITED+138%₹35.40 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
NuSummitDEXIT GLOBAL LIMITED
InstalogicINSTALOGIC SOLUTIONS PRIVATE LIMITED52.9%₹43.89 cr
MuGenesys SoftwareMUGENESYS SOFTWARE PRIVATE LIMITED37.4%₹11.44 cr
VIAANTEVIAANTE BUSINESS SOLUTIONS PRIVATE LIMITED29.0%₹53.06 cr
HNR TechHNR TECH PRIVATE LIMITED26.0%
EmberEMBER TECHNOLOGIES PRIVATE LIMITED23.4%₹23.12 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
It services268₹292,998.51 cr~₹17.8 cr87%18.5%
Bpo services5₹2,593.78 cr~₹53.1 cr80%17.5%
Digital transformation services14₹2,097.44 cr~₹13.7 cr86%32.0%
Ai services7₹472.17 cr~₹4.0 cr100%10.0%
Management consulting services6₹282.90 cr~₹4.1 cr67%9.3%
Erp services11₹181.22 cr~₹6.6 cr82%7.1%
Marketing services9₹158.06 cr~₹6.6 cr78%8.8%
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%
L&T InfotechLTIMINDTREE LIMITED₹37,656.30 cr₹4,446.50 cr11.8%+8%
NoventiqNOVENTIQ SERVICES INDIA PRIVATE LIMITED₹4,550.89 cr₹12.65 cr0.3%+21%
eClerxECLERX SERVICES LIMITED₹2,495.35 cr₹359.50 cr14.4%+17%
FirstsourceFIRSTSOURCE SOLUTIONS LIMITED₹2,346.84 cr₹427.04 cr18.2%+43%
PentagonPENTAGON SYSTEM AND SERVICES PRIVATE LIMITED₹1,412.17 cr₹37.13 cr2.6%+16%
GalaxyGALAXY OFFICE AUTOMATION PVT LTD₹1,372.34 cr₹34.47 cr2.5%+82%
Dynacons System & SolutionsDYNACONS SYSTEMS AND SOLUTIONS LIMITED₹1,273.54 cr₹72.41 cr5.7%+24%
InmacINMAC COMPUTERS LIMITED₹1,212.38 cr₹28.65 cr2.4%+271%
S2IILS2 INFOTECH INTERNATIONAL LIMITED₹1,182.73 cr₹199.30 cr16.9%+123%
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 it 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 it 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

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 Mumbai 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, Mumbai48

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 Mumbai

46Acquisition
1Merger
1Announced

Most active acquirers

  1. Hexaware technologies11
  2. Tata consultancy services8
  3. Orient technologies4
  4. Firstsource Solutions3
  5. Persistent systems3

Most acquired or merged

  1. Arrka3
  2. Consulting Professionals Services Holdings Limited2
  3. Mastek2
  4. Coastal cloud2
  5. Geometric2

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

It services funding in Mumbai

24 it services companies in Mumbai have recorded equity funding, US$154.49m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind it services companies in Mumbai. 310 of 1,302 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai it services companies by sub-sector

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

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