Try GOLD - Free
Large clients keep Indian IT afloat amid Al uncertainties
Mint New Delhi
|November 06, 2025
Large clients helped soften the blow from an artificial intelligence (AI)-powered upheaval for at least three of India's top five software services providers this year so far.
Yet, analysts say, even that may have come at the cost of smaller peers.
Revenue from the top 10 accounts grew 6.92% for Infosys Ltd, 0.32% for Wipro Ltd, and 1.58% over the previous year for Tech Mahindra Ltd in the nine months ended September, outpacing their overall growth, according to Mint's analysis of their financials. The overall revenue of Infosys and Tech Mahindra grew 2.77% and 1.21%, while it declined 0.94% for Wipro during the period.
The top five information technology (IT) services companies get at least a fifth of their revenue from their 10 largest accounts, according to the companies' disclosures. Faster growth from such clients helped these companies when the generative AI-driven transition is cutting into the revenue of India's $283-billion IT sector.
This story is from the November 06, 2025 edition of Mint New Delhi.
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 New Delhi
Mint New Delhi
Large clients keep Indian IT afloat amid Al uncertainties
Large clients helped soften the blow from an artificial intelligence (AI)-powered upheaval for at least three of India's top five software services providers this year so far.
2 mins
November 06, 2025
Mint New Delhi
Wall Street must work with a mayor it couldn't stop
Wall Street heavy weights failed to stop New York City voters from electing a democratic socialist mayor. Now what?
4 mins
November 06, 2025
Mint New Delhi
Why exporters hit by US tariffs need urgent help
At a macro level merchandise exports are holding despite the stinging 50% tariff imposed by the US, India's largest trading partner. But a look at the numbers reveal concerns which could worsen in the absence of an immediate support package for affected exporters. Mint explains.
2 mins
November 06, 2025
Mint New Delhi
Centre rejigs RoC framework to make it friendlier, efficient
The ministry of corporate affairs has passed orders to roll out a revamped compliance and oversight system for companies and LLPs starting 1 January 2026-the biggest administrative shakeup in years aimed at improving both ease of doing business as well as regulatory efficiency, a person with direct knowledge of the decision said.
3 mins
November 06, 2025
Mint New Delhi
Actis looks to buy Sprng from Shell
Blackstone, Brookfield also interested in green power firm
3 mins
November 06, 2025
Mint New Delhi
Legacy 2-wheeler cos fire up e-bikes
India’s biggest motorcycle makers are quietly gearing up for the next frontier in electrification — electric motorcycles.
2 mins
November 06, 2025
Mint New Delhi
IndiGo to ease off aircraft lease model that made it airline No.1
IndiGo Airlines, India's largest carrier, is steadily shifting to owning and financially leasing commercial jets in place of its earlier successful strategy of selling and leasing back planes, its chief executive said.
2 mins
November 06, 2025
Mint New Delhi
A Jan Van plan could use fintech to democratize carbon trading
Catalyse climate action through mass participation in emission reduction by opening up the market for carbon credits to all
3 mins
November 06, 2025
Mint New Delhi
Tesla to investors: Pay Musk or else
Tesla’s board of directors has pushed in all its chips on Elon Musk. Now investors must decide whether to back the biggest bet in company history.
1 min
November 06, 2025
Mint New Delhi
How China’s chokehold on drugs, chips and more threatens the U.S.
Not just rare earths. Three products show how Beijing’s supply-chain control can impose pain on trading partners
4 mins
November 06, 2025
Listen
Translate
Change font size