Mid-tier IT companies such as LTI, Coforge, and Persistent Systems are accelerating hiring and expanding headcount faster than the established Big Five tech firms in FY26. Fueled by AI-driven growth and strategic deal wins, these firms are redefining sector dynamics with agility, innovation, and human capital expansion.
Mid-tier technology firms are making a decisive leap forward in FY26, outpacing the Big Five in hiring and growth. Leading players—LTI, Coforge, and Persistent Systems—have reported substantial order wins and are aggressively expanding their workforce to meet escalating demand driven by digital transformation and AI implementation.
Key highlights:
-
LTI, Coforge, and Persistent Systems secured major deals worth billions, fueling confidence for robust hiring plans
-
These firms are demonstrating strong year-over-year revenue growth with Coforge reporting a 54.5% USD revenue increase in Q1 FY26
-
The Big Five tech companies show muted hiring growth, constrained by discretionary spend reductions and cautious client outlooks
-
Mid-tier companies leverage AI and automation to boost productivity, enabling revenue growth outpacing mere headcount increases
-
Executives at these mid-tier firms emphasize platform-centric and AI-enabled service models as growth catalysts
-
The agility and focused domain expertise of mid-tier firms align with client preferences shifting away from labor arbitrage models
-
Coforge alone added over 1,000 employees in Q1, bucking broader industry hiring freezes
-
Strong deal pipelines and integrated AI offerings position mid-tier companies for potential market share gains
Industry analysts suggest FY26-27 will mark a transformative phase for Indian IT services, with mid-tier companies emerging as innovation leaders disrupting the traditional dominance matrix.
Sources: Communications Today, Economic Times, Deccan Herald, LinkedIn News India.