India’s Mid-Size IT Firms Including Persistent, Hexaware and Firstsource Target Asia and Africa for Growth Expansion
Major Indian mid-tier IT services companies are strategically boosting their presence in Asia and Africa, leveraging nimble operations and competitive offerings to capture rising demand in emerging tech markets.
Mumbai | March 31, 2026: India’s mid-size information technology services companies, including Persistent Systems, Hexaware Technologies and Firstsource Solutions, are increasingly targeting growth opportunities in Asia and Africa as they look to expand beyond traditional markets and outpace larger rivals in the global IT landscape. Observers say that nimble mid-tier players are gaining traction by offering more flexible, cost-effective solutions, while larger Indian IT giants face slowing growth and legacy constraints.
Analysts note that these mid-cap companies typically operate with revenues in the range of $1 billion to $5 billion, positioning them well to capture emerging demand in digital transformation, outsourcing and cloud services across developing economies. They have strengthened their regional footprints in Asia particularly in Southeast Asia and South Asia and are stepping up engagements across African markets where digital adoption is accelerating. While larger Indian IT firms have traditionally focused on North America and Europe, mid-tier players are diversifying client bases to reduce reliance on traditional markets and tap into high growth potential overseas.
Persistent Systems, headquartered in Pune, has steadily expanded its global services footprint through strategic acquisitions and partnerships, including software engineering and digital services that align with industry trends. Market watchers highlight that a shift in client preferences toward specialised, high-touch services and away from legacy, long-term transformation contracts has played into the strengths of mid-tier firms like Persistent and Hexaware.
Firstsource, with operations in multiple countries including centres in Africa and the Asia-Pacific, offers business process management and outsourcing services across sectors such as banking, telecom and healthcare. Its growing global delivery network underscores a broader strategy where mid-size Indian companies build local presence to win clients and scale revenue. Industry experts say that this strategy not only helps diversify revenue streams but also positions these companies as agile partners for organisations in regions with rising digital demand, even as global economic headwinds temper growth in established Western markets.
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