Try GOLD - Free
As US, Europe Stall, India's IT Giants Head East for Growth
Mint Mumbai
|August 26, 2025
Australia, Japan, South Korea, and Philippines are among the growth targets of top IT firms
India's top IT services companies are increasingly placing bold bets on markets like Australia, Japan, South Korea, and the Philippines as their biggest markets stay stagnant. Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, and Wipro Ltd have cumulatively announced about half a dozen acquisitions or government partnerships in under 12 months to offset macro uncertainties and expand their footprint.
These IT outsourcers earn 84-94% of their revenue from the US, Canada, and Europe, and the rest from 'growth markets,' which include Latin America and Asia-Pacific regions such as Australia, New Zealand, and India.
However, the strategy is fraught with challenges and could take a while to yield significant additional revenue as the US and Europe remain the sector's largest cash cows. Additionally, these geographies may not become as big for these companies in at least 18-24 months, according to analysts.
This story is from the August 26, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
'FPIs, capex and earnings will drive markets up in Samvat 2082'
India is a market where exit is easy but entry is tough, says Nilesh Shah, MD of Kotak Mahindra AMC, the fifth-largest mutual fund based on quarterly assets under management (AUM) as of September-end.
4 mins
October 13, 2025
Mint Mumbai
Dissent aside, Tata Trusts keen to keep Tata Sons private
Tata Trusts remains committed to its decision to keep Tata Sons private, two Tata executives told Mint, hours after the Shapoorji Pallonji Group issued a public statement seeking a public share sale of the Tata Group holding company.
2 mins
October 13, 2025
Mint Mumbai
What the govt's capex growth does not reveal
The government's capital expenditure has surged sharply in the first five months (April-August) of FY26. It has already spent nearly 39% of the annual outlay of 11.2 trillion, a 43% year-on-year jump.
2 mins
October 13, 2025
Mint Mumbai
US seeks inventory model for e-comm
Negotiators cite 'level playing field', move may raise competition
2 mins
October 13, 2025
Mint Mumbai
EQT scraps Zelestra India sale, to pump in $600 mn
For scraps
2 mins
October 13, 2025
Mint Mumbai
INSIDE NADELLA'S AI RESET AT MICROSOFT
Earlier this month, Microsoft promoted Judson Althoff, its longtime sales boss, to chief executive of its commercial business, consolidating sales, marketing and operations across its products. The move was designed gence.
3 mins
October 13, 2025
Mint Mumbai
H-IB fee hike Trump's second blow to gems & jewellery firms
Losing sparkle
2 mins
October 13, 2025
Mint Mumbai
Slow drive for e-trucks as local sourcing rule bites
E-truck manufacturers wary of ambitious indigenization due to concerns over tepid demand
2 mins
October 13, 2025
Mint Mumbai
YOGA, AYURVEDA—INDIA CAN LEAD THE WISDOM ECONOMY
I was watching a video of a meditation studio in Manhattan when it struck me yet again. Twenty people, mostly American professionals, sitting cross-legged on expensive mats, were following breathing techniques that our grandparents and ancestors practised every morning.
2 mins
October 13, 2025
Mint Mumbai
Existing investors pour in $40 million into Dezerv
Wealth management platform Dezerv has raised ₹350 crore (about $40 million) in a new funding round from its existing investors, the company's top executive told Mint.
1 mins
October 13, 2025
Listen
Translate
Change font size