India's tech M&As on a three-year high with deal value touching US$ 29 billion
- IBEF
- December 29, 2025
The technology industry in India saw a robust revival in Merger and Acquisition (M&A) deals in the year 2025, reaching a three-year high with the total value of deals estimated to be between US$ 26 billion and US$ 29 billion, which is a sharp increase of almost 30% over the estimated value of US$ 20 billion in the previous year 2024, as per data from EY. The technology giants are increasingly resorting to Merger and Acquisition (M&A) to bolster their capacities and forays into other domains.
The wave of consolidation is visible in the number and value of transactions, with 15 transactions above US$ 500 million in the current year, as opposed to five in 2024, indicating the confidence level among Strategic and PE buyers. The significance of marquee-sized transactions is visible through the acquisition of Capgemini for the Indian BPO firm WNS for a consideration of US$ 3.3 billion, along with the acquisition of the largest deal worth US$ 700 million put together by Tata Consultancy Services. Mid-market players like Coforge made significant moves through the acquisition of AI and cloud firm, Encora, for a consideration of US$ 2.35 billion. It is indicated that the vendor Consolidation and pricing is developing facilitating environments for deal activities in the year 2026, as the tech industry players in India possess the target to reap benefits from the global opportunity.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
