Indian IT firms turn to client technology acquisitions as long-term contracts grow

Indian IT firms are increasingly buying technology businesses from clients while securing long-term contracts, as TCS’s acquisition of Porsche’s MHP, Wipro’s purchase of Olam’s Mindsprint and HCLTech’s Guardian deal show. The strategy allows them to gain specialised talent and industry expertise while securing future technology and AI work.

Sandeep Barve, Founder & MD, InUnison Private Limited, said specialised acquisitions can accelerate access to industry knowledge, including “operating-model understanding, processes, platforms, specialised talent and customer relationships”.