India’s leading software services companies have sharply increased their acquisition activity in 2025 after a two-year slowdown. The renewed pace of dealmaking comes as large IT firms look to bolster capabilities in areas that are seeing strong global demand, including AI, engineering services and software products.

Seven Deals Worth Over USD 750 Million in 2025

Tata Consultancy Services (TCS), Infosys , HCLTech , Wipro , and Tech Mahindra together have already executed seven acquisitions so far in 2025, compared to five in 2024 and just two in 2023, based on Tracxn data. The total disclosed deal value crosses roughly USD 750 million, led by Wipro’s USD 375 million acquisition of Harman’s Digital Transformation Solutions (DTS) business unit.

The acquisition list for 20

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