The top five IT exporters’ revenue share declined to a 29-quarter low of 81.3% in March 2025, as mid-tier firms like Coforge and Hexaware gained traction. These smaller companies benefited from clients’ shift towards short-term projects, outpacing larger peers in revenue and profit growth over several quarters. Geopolitical uncertainty has also contributed to delayed decision-making.
IPO Calendar: Mainboard IPO of Kusumgar among 3 new public offers on investors radar next week
Kusumgar’s ₹650 crore IPO will open on July 8 with a 33% grey market premium. The engineered fabrics maker, serving defence and aerospace sectors, is