India’s Midcap IT Is Quietly Beating Infosys at Its Own Game— KPIT, Tata Elxsi, and the Rise of India’s Tech Underdogs
💻 At a glance
While the big IT boys—TCS, Infosys, and Wipro—are busy discussing “cost optimization” and firing campus hires for being too fresh, India’s midcap IT players are quietly devouring high-margin niche contracts, pivoting into futuristic tech, and doing the one thing large IT forgot: growing.
Welcome to 2025, where KPIT, Tata Elxsi, LTTS, and Coforge are making traditional IT look like the Nokia 1100 of tech services.
🚨 What’s Going On?
Large IT = Boring BFSI outsourcing + USD revenue headwinds + attrition drama
Midcap IT = AI, EVs, embedded systems, aerospace, digital transformation, OTT, IoT, and all the cool buzzwords your dad doesn’t understand
Result? While Infosys posts 1% QoQ growth and cuts guidance, midcaps are out here dropping 20–30% YoY profit growth and casually bagging multi-year global contracts.
