India’s IT giants go on acquisition spree amid AI-driven shift

India’s leading IT companies, including Wipro, Infosys, and Tata Consultancy Services (TCS), are accelerating acquisitions to stay ahead in the rapidly evolving tech landscape. The latest move is Wipro’s acquisition of Mindsprint from Singapore-based Olam Group for $375 million, alongside an eight-year technology services contract worth over $1 billion.

This trend is driven by slowing demand for traditional outsourcing services and the growing adoption of artificial intelligence (AI) tools. Companies are looking to automate coding, customer support, and internal operations, putting pressure on IT firms to adapt.

Industry analysts say this shift is forcing IT companies to acquire specialized capabilities rather than relying on organic growth. These acquisitions signal a strategic response to structural revenue pressure from AI-led automation and weak discretionary tech spending. As companies continue to integrate AI into their operations, Indian IT firms are positioning themselves for future growth.