Top 5 Indian IT exporters lose revenue share as mid-tier companies rise

The top five IT exporters' revenue share declined to a 29-quarter low of 81.3% in March 2025, as mid-tier firms like Coforge and Hexaware gained traction. These smaller companies benefited from clients' shift towards short-term projects, outpacing larger peers in revenue and profit growth over several quarters. Geopolitical uncertainty has also contributed to delayed decision-making.