About IT Services sector in Bengaluru, India
The IT Services sector in Bengaluru, India comprises 6.2K companies, including 232 funded companies having collectively raised $3.07B in venture capital money and private equity. Out of these, 116 are Series A+ funded.
IT Services sector in Bengaluru, India has seen 84 acquisitions and 26 IPOs.
This sector includes physical consulting teams, technical field technicians, and hardware deployment engineers providing manual setup, physical server installation, cabling, and localized hardware maintenance for enterprises.
IT Services sector is also known as IT Engineering Services or Technology Services.
Companies providing IT outsourcing services for software application development, software testing, big data, networking, security, virtualization, IT operations, data center, cloud, storage, hosting. Also includes companies distributing or reselling IT infrastructure equipment. Companies providing services related to management/strategy consulting, AR/VR consulting, and Enterprise services such as HR, Marketing, Legal, Telecom, BPO etc are excluded.
Top IT Services Companies in Bengaluru, India
There are 6,201 IT Services startups in Bengaluru, India which include Infosys, Happiest Minds Technologies, Mindtree, Microland, Sasken. Out of these, 232 startups are funded, with 116 having secured Series A+ funding.
2026 has seen the creation of 84 IT Services startups in Bengaluru, India. Over the past 10 years, an average of 324 new companies have been launched annually. Notably, several of these startups have been founded by alumni of BITS Pilani, IIM Bangalore and IIT Kharagpur.
Here is the list of top IT Services startups in Bengaluru, India
1. Infosys
Provider of consulting, data analytics, and IT services. Its portfolio includes business process outsourcing & consulting, content management, legal functions, IoT, digital transformation, AI, and cloud services. It provides their solution across various industries including aerospace and defense, agriculture, automotive, chemical manufacturing, communication services, education, and engineering.
Key facts about Infosys
- Founded Year: 1981
- Location: Bengaluru (India)
- Stage: Public
- Investors: Nepean Capital, Seaside Private Capital and 1 Other
- Latest Funding Round: Post IPO, Apr 2008, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 4 of 159,048 Competitors
IT outsourcing firm focusing on six lines of businesses, namely IT services, R&D services, product engineering services, remote infrastructure management, testing and consulting. Along with technology solutions and services, provides SaaS solutions such as ComplianceVigil, ThreatVigil, IdentityVigil and CyberVigil. These products provide cloud based compliance management, on-demand threat management and remediation, identity & access governance, identity management and a cyber security platform solution. For the quarter-ended March 31, 2015 the company reached an annualized revenue rate of $50M with 60%+ of business coming from US and has also reported it broke-even during the quarter. Headquartered in Bangalore, it has fourteen offices spread over major business centres in the USA, UK, Singapore, Canada and Australia. Its investors include JPMorgan Private Equity Group, Canaan Capital and Intel Capital. Acquired IoT services company Cupola Technology for an undisclosed amount in May 2017 and US-based digital transformation firm OSSCube in June 2017.
Key facts about Happiest Minds Technologies
- Founded Year: 2011
- Location: Bengaluru (India)
- Stage: Public
- Total Funding till date: $64.8M
- Investors: Canaan, Trident Trust and 37 Others
- Latest Funding Round: Post IPO, Jul 18, 2023, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 8 of 177,821 Competitors
3. Mindtree
MindTree is an outsourcing solutions provider with services in engineering, information technology, quality assurance, digital media, strategy and consulting, research and development, and also infrastructure management services. MindTree solution set offers Bluetooth solutions, digital video surveillance, and SAP insurance. MWatch is a solution offered by the company for IT infrastructure management and service platform, which gives an end to end view of infrastructure and applications.
Key facts about Mindtree
- Founded Year: 1999
- Location: Bengaluru (India)
- Stage: Acquired
- Total Funding till date: $23.9M
- Investors: Global Technology Ventures, Walden Israel and 9 Others
- Latest Funding Round: Series B, Aug 01, 2001, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 9 of 159,048 Competitors
4. Microland
Provider of IT suite solutions. Its other services include cloud & datacenter, networks, digital workplace, cybersecurity, industrial IoT, and consulting to make it easier for enterprises to adopt NextGen Digital infrastructure.
Key facts about Microland
- Founded Year: 1989
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $25.8M
- Investors: Icon Ventures, JAFCO Asia and 16 Others
- Latest Funding Round: Series B, Feb 06, 2013, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 35 of 159,048 Competitors
5. Sasken
Provider of IT, product engineering and digital transformation services. Its other services include IOT, mobility, analytics, blockchain and devops. It offers services to global leaders in semiconductor, automotive, industrials, smart devices & wearables, enterprise grade devices, satcom and transportation industries.
Key facts about Sasken
- Founded Year: 1989
- Location: Bengaluru (India)
- Stage: Public
- Total Funding till date: $26M
- Investors: NGP Capital, New Enterprise Associates and 3 Others
- Latest Funding Round: Post IPO, Feb 06, 2013, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 40 of 163,960 Competitors
Companies founded year-on-year in the IT Services sector in Bengaluru
84 new startups have been founded so far in 2026 in the IT Services sector in Bengaluru. 597 IT Services startups in Bengaluru were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 84 |
2025 | 103 |
2024 | 150 |
2023 | 198 |
2022 | 217 |
2021 | 341 |
2020 | 597 |
2019 | 584 |
2018 | 560 |
2017 | 407 |
Stage-wise distribution of IT Services sector companies in Bengaluru
Out of the total 6,201 IT Services companies in Bengaluru, 232 have secured funding. Among them, 116 have reached Series A or higher, and 115 to Series B or beyond.
Founded - 6,201
Funded - 232
Series A+ - 116
Series B+ - 115
Series C+ - 113
Company Stage | No. of companies |
|---|---|
Founded | 6,201 |
Funded | 232 |
Series A+ | 116 |
Series B+ | 115 |
Series C+ | 113 |
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Funding Trends in the IT Services sector in Bengaluru
Total funding year-on-year in the IT Services sector in Bengaluru
The IT Services sector in Bengaluru saw a total funding of more than $2.76B in the last 10 years. The most amount of funding was in 2017 at more than $2.55B. There has been a total funding of $740K in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $740K |
2025 | $1.15M |
2024 | $6.86M |
2023 | $63.7M |
2022 | $112M |
2021 | $2.19M |
2020 | $534K |
2019 | $18.7M |
2018 | $3.62M |
2017 | $2.55B |
Recent Funding Rounds in IT Services in Bengaluru
In the year 2026, till August 2026, IT Services companies in Bengaluru have raised $740K in equity funding across 2 rounds.
In the same period last year (i.e. till May 2025), IT Services companies in Bengaluru had raised equity funding across 1 round.
Here are some recent, important funding rounds in IT Services companies in Bengaluru:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 3463 | Aug 11, 2026 | ||
Seed | 4523 | Apr 10, 2026 | ||
Seed | 3281 | May 14, 2025 | ||
Seed | 2441 | Nov 26, 2024 | ||
Seed | 1945 | Nov 12, 2024 |
Top Investors in IT Services in Bengaluru
Accel is the top investor in IT Services companies in Bengaluru based on number of companies invested.
Here are some top investors in IT Services companies in Bengaluru:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Palo Alto (United States) | ||
Bengaluru (India) | ||
Bengaluru (India) | ||
Redwood City (United States) | - | |
Cambridge (United States) | - |
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M&A activity in IT Services sector in Bengaluru
In the year 2026, till August 2026, 5 acquisitions happened in IT Services sector in Bengaluru. Last year, in 2025, a total of 6 acquisitions happened in IT Services sector in Bengaluru.
Here are some recent, important acquisitions in IT Services sector in Bengaluru:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Aug 10, 2026 | ||
Business Acquisition | Jun 29, 2026 | ||
Business Acquisition | Jun 04, 2026 | ||
Business Acquisition | Apr 30, 2026 | ||
Business Acquisition | Feb 27, 2026 |
Acquisition trends in IT Services sector in Bengaluru
Here are the acquisition trends in IT Services sector in Bengaluru:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 5 |
2025 | 6 |
2024 | 6 |
2023 | 5 |
2022 | 6 |
2021 | 2 |
2020 | 7 |
2019 | 4 |
2018 | 1 |
2017 | 9 |
IPOs in IT Services in Bengaluru
In the year 2025, till December 2025, 3 IPOs happened in IT Services sector in Bengaluru.
Here are some recent, important IPOs in IT Services sector in Bengaluru:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 12, 2025 | Bombay Stock Exchange (BSE) | |
Sep 25, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Sep 10, 2025 | National Stock Exchange (NSE) | |
Oct 11, 2023 | National Stock Exchange (NSE) | |
Oct 22, 2020 | Brazil Stock Exchange (B3) |
Colleges which produce the most IT Services companies in Bengaluru
Companies founded by alumni from top colleges in the IT Services in Bengaluru
Most number of IT Services startups in Bengaluru have been founded by alumni from BITS Pilani, IIM Bangalore and IIT Kharagpur.
College | No. of companies |
|---|---|
BITS Pilani | 26 |
IIM Bangalore | 15 |
IIT Kharagpur | 14 |
IIT Madras | 13 |
IIT Bombay | 11 |
IIT Delhi | 10 |
IIT Kanpur | 9 |
IIT Guwahati | 6 |
IIM Ahmedabad | 5 |
IIT Roorkee | 5 |
Total funding in IT Services companies founded by alumni from top colleges in Bengaluru
In the last 10 years, BITS Pilani graduates' IT Services companies in Bengaluru have raised the most funding among top colleges. IIT Roorkee alumni are second, and IIT Bombay alumni are third.
College | Total Funding |
|---|---|
BITS Pilani | $136M |
IIT Roorkee | $127M |
IIT Bombay | $101M |
IIT Kanpur | $101M |
IIT Kharagpur | $17.9M |
IIM Ahmedabad | $4.32M |
IIT Madras | $1.78M |
Indian School of Business | $866K |
Kellogg School of Management | $580K |
IIM Bangalore | $258K |
Top News in IT Services in Bengaluru
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Mphasis Achieves EcoVadis Silver Medal 2026, Ranking Among Top Global CompaniesBusinessnewsthisweek•Aug 10, 2026•Mphasis
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Mphasis Q1FY27 Revenue Grows 9.9% YoY; Eyes Strongest Sequential Growth in Three YearsBusiness Line•Jul 24, 2026•Mphasis
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Splunk, Palo Alto Networks Address Severe Vulnerabilities with PatchesSecurityWeek•Jun 11, 2026•Splunk, Palo Alto Networks, Wipro
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If EPS Growth Is Important To You, Mphasis (NSE:MPHASIS) Presents An OpportunitySimply Wall St•May 26, 2026•Mphasis
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Mphasis Reports 14% Increase in Q4 Net Profit, Achieving Rs 509 CroreDeccan Herald•Apr 30, 2026•Mphasis
