India IT services Organic investments should be the focus, not M&A

Research evidence excerpt

India IT services Organic investments should be the focus, not M&A

box Accelerate enterprise cloud capabilities and strengthen Salesforce presence across the US and Australia, specifically in Quote- Feb-2020 Infosys 250 FY 2019: ~USD67m

Systems) to-Cash (CPQ) and Billing applications.

To enhance competitiveness and productivity of current service lines and strengthen position in the enterprise application Feb-2015 Infosys Panaya Inc. 200 CY14: USD33m

services market through upgrade automation tools.

Sep-2012 Infosys Lodestone Holding AG 349 To increase the consulting portfolio and strengthen management consultancy capabilities. CHF 210m/ USD222m

Apr-2026 Cognizant Astreya 600 Expand AI infrastructure and managed services. USD560m

Jan-2026 Cognizant 3Cloud 733 Expand Azure portfolio and AI enablement. CY25: USD141.96m

Aug-2024 Cognizant Belcan, LLC 1,363 Strengthen ER&D capabilities in A&D. Estimated: USD800m+

Jan-2024 Cognizant Thirdera 428 Bolster ServiceNow consulting and optimisation. CY23: USD104.12m

Collaborative Jun-2020 Cognizant 385 Strengthen cloud offerings for finance/HR. cUSD45m Solutions

Dec-2018 Cognizant Softvision 550 Expand digital engineering capabilities. CY17: USD134.60m

Nov-2014 Cognizant Trizetto Corp 2,000 Accelerate position in healthcare software. USD711m

Apr-2026 Wipro Mindsprint 375 Strengthen position in supply chain and commodity trading; gain "farm-to-fork" expertise and Olam Group as a strategic client. CY25: USD135.6m

Aug-2025 Wipro Harman DTS 375 Enhance engineering and AI capabilities for product innovation; expand presence in Hi-Tech, Automotive, and Healthcare sectors. CY24: USD314.5m

Apr-2022 Wipro Rizing 540 Expand market presence in oil & gas, manufacturing, and retail by leveraging deep SAP functional and technical capabilities.