🚀 Business & Startups🌐 Global
Persistent Systems Makes Its Biggest Bet Ever With $1.3 Billion Nagarro Deal
mint - companies·Sunday, 28 June 2026
Persistent Systems has proposed a $1.3 billion acquisition of Nagarro that would double its European business and add SAP and OpenAI capabilities. If completed, the deal would make Persistent India's seventh-largest IT exporter and put it on a path to $5 billion in annual revenue by 2031.
Why It Matters
This is one of the largest acquisitions ever attempted by an Indian IT firm, and it signals that mid-tier Indian tech companies are now playing in the same league as the giants.
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