Strong deal making activity marked a clear turnaround for India’s technology sector in 2025, driven by large scale mergers and acquisitions.
Data from a consulting firm shows that the total value of technology M and A deals this year stood between US$ 26 billion and US$ 29 billion. This reflects a sharp rise of nearly 30% compared to the estimated US$ 20 billion recorded in 2024. The rebound signals renewed confidence among companies looking to expand capabilities and enter new business areas.
The growing momentum is evident in both the size and volume of transactions. In 2025, there were 15 deals valued above US$ 500 million, compared to just 5 such transactions in 2024. This increase highlights stronger participation from strategic buyers and private equity investors.
Several large deals stood out during the year. One of the biggest transactions was the acquisition of the Indian BPO firm WNS by Capgemini for US$ 3.3 billion. Tata Consultancy Services also completed its largest deal of the year with a transaction valued at US$ 700 million. Mid market players were equally active, with Coforge acquiring AI and cloud firm Encora for US$ 2.35 billion.
Industry observers note that vendor consolidation and evolving pricing structures are creating favourable conditions for deal activity in 2026. Indian technology companies are positioning themselves to capitalise on global growth opportunities as consolidation continues across the sector.
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