India's IT industry remains one of the country's largest export-driven sectors, generating export revenue of US$ 224.4 billion in FY25. According to NASSCOM, exports accounted for nearly 79% of the industry's total revenue, with projections indicating exports will touch US$ 246 billion in FY26. This substantial export dependency positions Indian IT companies to benefit from accelerated investments in artificial intelligence, cloud computing, cybersecurity, and data center infrastructure across North America and Europe. As enterprises across these regions continue to prioritize digital transformation services, the favorable environment creates significant opportunities for companies with diversified global client bases and high export exposure.
LTM Limited, part of the Larsen & Toubro Group, operates as a global technology services and consulting company with a recent rebranding as a 'Business Creativity Partner'. The company has divided its business model into 3 integrated Lines of Business, all powered by its proprietary AI ecosystem, BlueVerse. LTM operates in 42 countries across 5 continents and 118 offices, with exports contributing more than 94% of revenue. North America contributes 73.4% and Europe 14.9% of total revenue. To accelerate growth, LTM recently announced the proposed acquisition of Randstad's European and Australian IT services business for an enterprise value of €160 million, bringing in over US$ 500 million in annual revenues.
Persistent Systems operates as an AI-led, platform-driven digital engineering and enterprise modernisation firm, targeting an annualized revenue run rate of around US$ 2 billion by Q4 FY27. In FY26, the company reported revenue growth of 23.5% to ₹147.5 billion, marking 24 consecutive quarters of revenue growth. Exports accounted for 91.2% of the revenue mix, with the BFSI sector growing by 28.4% and contributing 34.6% of revenue. The company's Total Contract Value (TCV) was US$ 2.4 billion for FY26 and Annual Contract Value (ACV) was US$ 1.8 billion. The major acquisition of Nagarro at an enterprise value of €1.27 billion creates a US$ 2.9 billion revenue firm and shifts revenue reliance away from North America from over 81% to 62%.
Coforge positions itself as a global AI-native engineering services leader, with FY26 revenue growing 35.9% to ₹164.2 billion. The company's executable order book stood at US$ 1.7 billion, up 16.4% YoY. Collectively, exports accounted for over 85.8% of FY26 revenue, with the Americas representing 56.9%, EMEA 28.9%, and Rest of World 14.2%. The recent acquisition of Encora deepens Coforge's AI-native engineering capabilities and brings a composable, agentic platform (AIVA) designed for AI engineering. The combined entity is projected to achieve revenue of approximately US$ 2.5 billion with synergies of 20-25%.
Infosys reported total consolidated revenue growth of 9.6% YoY to ₹1,786.5 billion with an adjusted operating margin of 21.0% and strong free cash flow of US$ 3.7 billion. The company secured a TCV of US$ 14.9 billion in large deals, up 24% from the prior year. North America accounts for 56.1% revenue concentration, Europe 32.1%, and exports accounted for 97.1% of revenue. HCL Technologies reported revenue of ₹1,301.4 billion, up 11.2% YoY, with EBITDA margin of 17.2%. The company maintained strong deal momentum with net new deal bookings (TCV) of US$ 9.3 billion in FY26 and added one new US$ 100 million+ client.
