When was Firstsource founded?

Firstsource was founded in 2001 and raised its 1st funding round 3 years after it was founded.

Where is Firstsource located?

Firstsource is headquartered in Mumbai, India. It is registered at Louisville, Kentucky.

How many employees does Firstsource have?

As of Mar 31, 2026, the latest employee count at Firstsource is 25474.

Is Firstsource a funded company?

Firstsource is a funded company, having raised a total of $35M across 3 funding rounds to date. The company's 1st funding round was a $***** Series C round, raised on Aug 18, 2004.

When was the latest funding round of Firstsource?

Firstsource's latest funding was a $***** Post IPO round on Oct 25, 2012, with participation from 1 investor. Its primary sector is BPO Services. Globally, the BPO Services sector has seen $329M in funding in 2026 to date.

What is the annual revenue of Firstsource?

Annual revenue of Firstsource is more than ₹1,000 Cr as on Mar 31, 2026

Where does Firstsource rank among its competitors?

Firstsource ranks 207th amongst 253276 active competitors, of which 1546 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Accenture, which secured an undisclosed amount in Mar, 2024.

Who are the top competitors of Firstsource?

Firstsource's top competitors include IBM, UST and Virtusa. Among them, Accenture secured the most recent funding round in March, 2024.

Firstsource - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of AI-native operations and technology services for global industries. The company designs, builds, and runs intelligent systems to transform business processes across sectors including banking, healthcare, and technology. Services include consulting, decision engine development, customer experience management, intelligent back office processing, and data engineering. By integrating domain expertise with automated decision logic, the company delivers end-to-end operational outcomes and performance-based solutions. PF = Yes

Website: www.firstsource.com
Social
Email ID: *****@firstsource.com
Registered Address: Louisville, Kentucky

Key Metrics

Founded Year

2001

Location

Mumbai, India

Stage

Public

Total Funding

$35M in 3 rounds

Latest Funding Round

Post IPO, Oct 25, 2012, $*****

Investors

WestBridge Capital & 6 more

Ranked

207^th among 253276 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2026

Employee Count

25,474 as on Mar 31, 2026

Investment & Acquisitions

TeleMedik & 20 more

Similar Companies

IBM & 279210 more

Exit Details

Public

View Firstsource's full profile

Firstsource is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
FIRSTSOURCE SOLUTIONS LIMITED CIN: 0541.548.228 , Belgium, Active	Feb 13, 2012	-	16786 (As on Jan 31, 2024)	-
FIRSTSOURCE SOLUTIONS UK LIMITED CIN: 3999896 , United Kingdom, Active	May 22, 2000	-	-
Firstsource Process Management Serviceslimited CIN: U72200KA2010PLC055713 , India, Active	Jan 10, 2010	0 - ₹10 Cr (As on Mar 31, 2022)	-
FIRSTSOURCE GROUP U.S.A., INC. CIN: 271422188 , United States, Active	Dec 26, 999	-	3545 (As on Dec 31, 2025)	-
FIRSTSOURCE SOLUTIONS LIMITED CIN: L64202MH2001PLC134147 , India, Active	Dec 06, 2001	₹1,000+ Cr (As on Mar 31, 2026)	27940 (As on Mar 31, 2024)

Firstsource got listed on Feb 22, 2007.

Click here to take a look at Firstsource's IPO in detail

Firstsource has raised a total funding of $35M over 3 rounds. Its first funding round was on Aug 18, 2004. Its latest funding round was a Post IPO round on Oct 25, 2012 for $*****. 1 investor participated in its latest round. Firstsource has 6 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Firstsource:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 25, 2012	6960193	Post IPO	1296861	8146170	9433690	5717224
Apr 13, 2006	3221934	Series D	3665562	8076121	2953133	Metavante
Aug 18, 2004	6675475	Series C	2215280	9996686	3730301	Temasek & 1 more

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View details of Firstsource's funding rounds and investors

Firstsource's Board of Directors

Firstsource's board has 10 active members. Ritesh Mohan Idnani is part of team and Utsav Parekh, Sunil Mitra, Tharavanat Chandrasekharan Suseelkumar, Shashwat Goenka, Rekha Sethi, Vanita Uppal, Subrata Talukdar, Pradip Kumar Khaitan and Rajiv Kumar are independent board members.

Here is the list of Firstsource's board of directors:

Name	Type	Representing	Status	Duration
ftjyyzr	Team	-	Current	2y 3m
Utsav Parekh	Independent board member	-	Current	4y 0m
oc{ecvr	Independent board member	-	Current	9y 8m
sugwpny	Independent board member	-	Current	8y 8m
xlsuddw	Independent board member	-	Current	1y 5m
ohdwlqh	Independent board member	-	Current	8y 9m
ktpwdht	Independent board member	-	Current	6y 2m
hgsgpxc	Independent board member	-	Current	5y 3m
elrebor	Independent board member	-	Current	1y 8m
slvkl{y	Independent board member	-	Current	6y 9m

Firstsource's employee count trend

Firstsource has 25,474 employees as of Mar 26. The total employee count is 26.0% lower than what it was in Mar 25. Here is Firstsource's employee count trend over the years:

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Top competitors of Firstsource include IBM, UST and Virtusa. Here is the list of Top 10 competitors of Firstsource, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	IBM 1911, Armonk (United States), Public	Provider of hybrid cloud, artificial intelligence, and IT consulting services	-	Berkshire Hathaway, Runway & 23 others	78/100
2nd	UST 1998, Aliso Viejo (United States), Late Stage	Provider of data analytics, cloud modernization, management strategy, and digital transformation services	$250M	Temasek, MFAR & 1 others	76/100
3rd	Virtusa 1996, Westborough (United States), Acquired	IT services company	$45.2M	EQT, Back Bay Group & 8 others	76/100
4th	Infosys 1981, Bengaluru (India), Public	Provider of consulting, data analytics, and IT services	-	Nepean Capital, Seaside Private Capital	74/100
5th	Sutherland 1986, Pittsford (United States), Late Stage	Provider of business process and technology management services	$60M	Affirma Capital, Oak Investment Partners & 3 others	74/100
6th	Endava 2000, London (United Kingdom), Public	Provider of digital transformation services using artificial intelligence and automation	-	M\|C Partners, Europa	74/100
7th	Datamatics 1975, Mumbai (India), Public	Provider of digital technologies, business process management, analytics, and automation services	$3M	IIML	74/100
8th	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	Global Technology Ventures, Walden Israel ... & 9 others	73/100
9th	Happiest Minds Technologies 2011, Bengaluru (India), Public	Provider of IT suite services	$64.5M	Canaan, Trident Trust & 33 others	73/100
10th	Accenture 1989, Dublin (Ireland), Public	Provider of IT consulting, technology, and outsourcing services	-	ngn-capital.com, Bondeinvest.com & 6 others	73/100
207th	Firstsource 2001, Mumbai (India), Public	Provider of AI-native operations and technology services for global industries	$35M	WestBridge Capital, Temasek & 5 others	58/100

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Looking for more details on Firstsource's competitors? Click here to see the top ones

FIRSTSOURCE SOLUTIONS LIMITED, the legal entity associated with Firstsource, generated more than ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of FIRSTSOURCE SOLUTIONS LIMITED has a compounded annual growth rate (CAGR) of 20% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	2697	8929	6230	7538	9401
Total Sales	6061	1343	1580	7943	6816
Total Expenses	2806	1801	3266	8360	6866
Operating Expenses	3599	7008	2804	8981	6481
Employee Expenses	7130	5843	1978	3052	8055
Marketing Expenses	8642	6350	5142	1063	3614
Operating Income (EBIT)	8847	6953	2225	9087	2543
Interest Expenses	6292	2380	4016	3789	7154
Expenses from other activities	9851	4842	3108	5185	8483
Information Technology Expenses	2250	7784	4378	5077	7050
EBITDA	7701	6730	8489	6448	5169
Taxes	5970	3881	4809	7346	2865
Net Profit	9918	4116	6057	4895	6228
Balance Sheet
Assets	9966	4826	7633	3989	5938
Cash Equivalent	3534	2638	2326	5298	4885
Accounts Receivables	7933	4079	5690	8054	9935
Inventory	6357	7128	1814	4816	3147
Liabilities	5095	8833	1125	6658	5678
Total Debt	3780	9928	6598	2393	7999
Accounts Payable	2644	8388	8951	1360	9193
Equities	1962	5724	6220	1327	4891
Cashflow Statement
Cash from Operating activities	4407	5104	6827	4040	6860
Cash from Investing activities	9622	7219	6826	4697	7400
Net cash from Financing activities	6789	9005	8886	2277	7554

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Firstsource has made 6 investments in companies including AAICO and Lyzr. Firstsource has also acquired 15 companies including TeleMedik and Pastduecredit.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jan 13, 2026	Acquisition	TeleMedik	1998	Guaynabo (Puerto Rico)
Nov 11, 2025	Investments	AAICO	2021	London (United Kingdom)
Oct 06, 2025	Investments	Lyzr	2023	Jersey City (United States)