The Daily Brief Another robust quarter for India’s midcap IT firms
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Feb 9, 2026 A look at why India’s midcap IT firms are outpacing larger peers thanks to AI adoption, targeted domains and recent M&A moves. Quick rundowns of quarterly results, one‑time labour adjustments and where BFSI and healthcare are fueling demand. A separate deep dive examines whether the dollar’s global role shifts in waves, with historical cycles and what de‑dollarization might really mean.
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Outcome Pricing Funds Modernization
- Emphasis prices by outcomes, using AI-driven run-cost savings to fund modernization without raising client budgets.
- This outcome-based model has made 69% of its pipeline AI-led.
Small Teams, Big Impact
- Mid-caps can disrupt legacy contracts by deploying smaller AI-augmented teams to replace bloated headcounts.
- This headcount-to-technology shift lets them do with 20 people what once required 100.
M&A To Buy Capabilities, Not Just Size
- Rapid growth pushed mid-caps into M&A to acquire AI capabilities and geographic reach.
- Coforge's Ancora deal and Persistent's integrations exemplify capability-driven, synergistic acquisitions.