{"id":4571,"date":"2023-11-20T10:37:32","date_gmt":"2023-11-20T10:37:32","guid":{"rendered":"https:\/\/indiabizforsale.com\/blog\/?p=4571"},"modified":"2024-05-15T07:46:27","modified_gmt":"2024-05-15T07:46:27","slug":"a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry","status":"publish","type":"post","link":"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/","title":{"rendered":"M&#038;A in IT: A Comprehensive Look  at M&#038;A Trends in Tech Industry India"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">A Comprehensive Look at M&amp;A in IT Sector<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Insights_into_the_Indian_IT_Industry_An_Overview\" >Insights into the Indian IT Industry: An Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Demystifying_IT_Services_What_You_Need_to_Know\" >Demystifying IT Services: What You Need to Know<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Major_types_of_IT_Services\" >Major types of IT Services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Global_market_share_of_different_types_of_IT_services\" >Global market share of different types of IT services :<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Shaping_the_Future_Tech_Sector_Mergers_and_Acquisitions_Trends\" >Shaping the Future: Tech Sector Mergers and Acquisitions Trends<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#M_A_Activity_in_the_Indian_IT_Industry\" >M&amp;A Activity in the Indian IT Industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Emerging_Themes\" >Emerging Themes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#The_Trend_In_Multiples_Used_In_Indian_IT_Industry_As_per_RBSA_Advisors\" >The Trend In Multiples Used In Indian IT Industry : As per RBSA Advisors<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Tech_Titans_Unite_Indias_Most_Impactful_Mergers_and_Acquisitions_of_2022\" >Tech Titans Unite: India&#8217;s Most Impactful Mergers and Acquisitions of 2022<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Reliances_stake_in_Addverb\" >Reliance\u2019s stake in Addverb<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#HCLs_majority_stake_in_GBS_Starschema_acquisition\" >HCL\u2019s majority stake in GBS &amp; Starschema acquisition&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Infosys_buys_Oddity\" >Infosys buys Oddity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Tech_Mahindra_buys_Thirdware_picks_stake_in_GeomaticAI\" >Tech Mahindra buys Thirdware, picks stake in Geomatic.AI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Some_Other_M_As_In_Indian_IT_Industry\" >Some Other M&amp;As In Indian IT Industry:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Expert_Opinions_and_Estimates_Unveiling_Insights\" >Expert Opinions and Estimates: Unveiling Insights<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Hari_Gopalakrishnan_partner_BPEA-EQT_Co_Head_of_Services_Co_Head_of_India\" >Hari Gopalakrishnan: partner, BPEA-EQT, Co Head of Services, Co Head of India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#_Hiral_Chandrana_Global_CEO_Mastek_group\" >&nbsp;Hiral Chandrana Global CEO, Mastek group<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Shyam_Mundhada_VP_M_A_Infosys\" >Shyam Mundhada  VP, M&amp;A, Infosys<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Ajit_Prabhu_CoFounder_Chairman_CEO_Quest_Global\" >Ajit Prabhu, CoFounder, Chairman &amp; CEO, Quest Global<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Wrapping_Up\" >Wrapping Up<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Industry_leaders_highlighted_the_following_key_takeaways\" >Industry leaders highlighted the following key takeaways:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Prepared_By\" >Prepared By<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.indiabizforsale.com\/blog\/a-comprehensive-look-at-mergers-and-acquisition-trends-in-the-indian-it-industry\/#Aman_Tiwari\" >Aman Tiwari<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"has-vivid-cyan-blue-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Insights_into_the_Indian_IT_Industry_An_Overview\"><\/span><strong>Insights into the Indian IT Industry: An Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>India&#8217;s IT sector has emerged as a global powerhouse, contributing 7.5% to the GDP in FY 2023. This vibrant sector, which includes information technology services and business process outsourcing, brought in an astounding $250 billion in income, of which $191 billion came from exports abroad and $59 billion from the domestic market. About 5.5 million people are employed by it, making it a major employer.<\/p>\n\n\n\n<p>With its roots dating back to the 1960s and the pioneering efforts of Tata Consultancy Services (TCS) in Mumbai, the industry has thrived due to several factors. A vibrant free market, a large pool of highly qualified professionals, a solid education system centered on the English language, and strong government backing are a few of these.<\/p>\n\n\n\n<p>The Indian economy has benefited greatly from the notable expansion of the IT sector throughout the last 20 years. Significant foreign direct investment has been drawn to it, and a large number of job opportunities have been created. Notably, The Indian IT Sector in FY2023 showcased a YoY growth of 9.5%, a drop from the 15.5% recorded in FY22. Additionally, the IT sector&#8217;s share of India&#8217;s GDP has climbed from 1.2% in 1998 to over 7.5% in 2023.<\/p>\n\n\n\n<p>The global information technology (IT) market grew from $8179.48 billion in 2022 to $8852.41 billion in 2023, a compound annual growth rate (CAGR) of 8.2%. However, the Russia-Ukraine war has disrupted the global economic recovery from the COVID-19 pandemic, at least in the short term. The war has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets, including the IT market. Despite these challenges, the IT market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%, offering vast prospects for IT services companies across the value chain<\/p>\n\n\n\n<h2 class=\"has-vivid-cyan-blue-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Demystifying_IT_Services_What_You_Need_to_Know\"><\/span><strong>Demystifying IT Services: What You Need to Know<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"has-luminous-vivid-orange-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Major_types_of_IT_Services\"><\/span>Major types of IT Services<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/gs.indiabizforsale.com\/Major Types on IT Services in 2023.png\" alt=\"Major Types on IT Services in 2023.png\"\/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"has-vivid-cyan-blue-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Global_market_share_of_different_types_of_IT_services\"><\/span>Global market share of different types of IT services :<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/gs.indiabizforsale.com\/Types of Global IT Services MarketShare.png\" alt=\"Types of Global IT Services MarketShare.png\"\/><\/figure>\n\n\n\n<h2 class=\"has-vivid-cyan-blue-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shaping_the_Future_Tech_Sector_Mergers_and_Acquisitions_Trends\"><\/span><strong>Shaping the Future: Tech Sector Mergers and Acquisitions Trends<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><em>Source: EY report<\/em><\/p>\n\n\n\n<p>The year 2022 proved to be a year of paradoxes for the technology services (IT Services, BPM, and ER&amp;D) deal market. After eight consecutive quarters of hypergrowth In deal activity, signs of an impending slowdown began to emerge near the end of 2022 and continued to the first quarter of 2023. 2022 saw the most transaction activity in the preceding five years, with the aim of accelerating competitive advantage in both emerging technologies and the talent market as a result of an increase in technology services investment after the pandemic. Not surprisingly, these were the key themes for strategic M&amp;A and were driving private equity (PE) to build platforms. As the year progressed, macroeconomic uncertainties began to creep in, affecting the demand outlook and supply environment. This was exacerbated by the increase in&nbsp;the cost of capital<\/p>\n\n\n\n<ul><li>With 947 deals, 2022 saw highest deal activity in last 5 years<\/li><li>PE direct investment and roll-ups were significant contributors to deal volume<\/li><\/ul>\n\n\n\n<p>According to the Q3 2023 Indian Investment Banking Review published by Refinitiv, Mergers &amp; Acquisitions (M&amp;A) activity with a primary focus on India has reached a three-year low, amounting to $65.6 billion in the first nine months of 2023. This represents a substantial 56.6% decrease compared to the previous year.<\/p>\n\n\n\n<p>Breaking down this figure, the report highlights that domestic M&amp;A activity in India accounted for $44.1 billion during the same period, marking a significant 60% decline from the corresponding period in 2022.<\/p>\n\n\n\n<p>The technology sector, which witnessed the highest number of M&amp;A deals announced in the first three quarters of 2023, managed to secure a 9% market share with a total value of $6 billion. However, this figure showed a sharp decline of 71.7% when compared to the previous year.<\/p>\n\n\n\n<p>Delving deeper into the Indian technology industry, GlobalData&#8217;s Deals Database reveals that there were 33 M&amp;A deals announced in the third quarter of 2023, with a cumulative value of $22.6 million. Among these deals, the acquisition of Trejhara Solutions by AurionPro Solutions, valued at $16.8 million, emerged as the largest disclosed transaction in the industry.<\/p>\n\n\n\n<h3 class=\"has-luminous-vivid-orange-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A_Activity_in_the_Indian_IT_Industry\"><\/span>M&amp;A Activity in the Indian IT Industry <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Here the graph representing the Indian technology industry (by deal value) from Q2 2021 &#8211; Q3 2023<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/gs.indiabizforsale.com\/M&amp;A activity in the Indian Technology Industry (By Deal Value) - Q2 2021 - Q3 2023.png\" alt=\"M&amp;A activity in the Indian Technology Industry (By Deal Value) - Q2 2021 - Q3 2023.png\n\" title=\"M&amp;A activity in the Indian Technology Industry (By Deal Value) - Q2 2021 - Q3 2023.png\"\/><figcaption>M&amp;A Deal activity in IT industry from 2021 &#8211; 2023<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"has-luminous-vivid-orange-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Emerging_Themes\"><\/span><strong>Emerging Themes<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>Emerging technologies like IoT, AR\/VR, Hyper Automation, Low Code No Code are garnering strong interest from large strategic buyers<\/li><li>Services players are acquiring equity interest in IP\/product companies for access to technology and create differentiation<\/li><\/ul>\n\n\n\n<p>Here\u2019s a graph representing the deal activity in IT industry from&nbsp; 2020-2022:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large graph_representing_the_deal_activity_in_IT_industry_from _2020-2022.png\"><img decoding=\"async\" src=\"https:\/\/gs.indiabizforsale.com\/graph_representing_the_deal_activity_in_IT_industry_from _2020-2022.png\" alt=\"graph_representing_the_deal_activity_in_IT_industry_from _2020-2022.png\"\/><figcaption>M&amp;A Deal activity in IT industry from&nbsp;2020 &#8211; 2022<\/figcaption><\/figure>\n\n\n\n<p>The deal value jumped 2x from 2020 levels but was flattish across 2022\/2021 (excluding two&nbsp;$10 B deals in 2021). The buyers appeared inclined toward tuck-in acquisitions. Deals valued&nbsp;at more than $500 M came down from 30 in 2021 to 23 in 2022 ( IT Services: 16, BPM: 7) .&nbsp;Interestingly PE investors orchestrated 15 of the 23 large deals in the industry.<\/p>\n\n\n\n<p>The notable mega deal of 2022 in IT Services was the $7 B merger of LTI and Mindtree (IT&nbsp;services) . CloudMed &#8211; R1 RCM ($4.0 B) and Vinci Energies \u2013 Kontron ($400 M) were the&nbsp;largest(1) deals in the BPM and ER&amp;D segments respectively.<\/p>\n\n\n\n<h3 class=\"has-luminous-vivid-orange-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Trend_In_Multiples_Used_In_Indian_IT_Industry_As_per_RBSA_Advisors\"><\/span>The Trend In Multiples Used In Indian IT Industry : As per RBSA Advisors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/gs.indiabizforsale.com\/The Trend In Multiples Used In Indian IT Industry.png\" alt=\"Trend In Multiples Used In Indian IT Industry.png\" title=\"Trend In Multiples Used In Indian IT Industry\"\/><figcaption>Source: <a href=\"https:\/\/analyticsindiamag.com\/top-tech-mergers-and-acquisitions-in-india-in-2022-so-far\/\" target=\"_blank\" aria-label=\"undefined (opens in a new tab)\" rel=\"noreferrer noopener nofollow\">https:\/\/analyticsindiamag.com\/top-tech-mergers-and-acquisitions-in-india-in-2022-so-far\/<\/a><br><\/figcaption><\/figure>\n\n\n\n<h2 class=\"has-vivid-cyan-blue-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tech_Titans_Unite_Indias_Most_Impactful_Mergers_and_Acquisitions_of_2022\"><\/span><strong>Tech Titans Unite: India&#8217;s Most Impactful Mergers and Acquisitions of 2022<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"has-luminous-vivid-orange-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reliances_stake_in_Addverb\"><\/span><strong>Reliance\u2019s stake in Addverb<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile is-vertically-aligned-center\" style=\"grid-template-columns:30% auto\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"644\" src=\"https:\/\/indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Reliance-Industries-Limited-1024x644.png\" alt=\"\" class=\"wp-image-4583\" srcset=\"https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Reliance-Industries-Limited-1024x644.png 1024w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Reliance-Industries-Limited-300x189.png 300w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Reliance-Industries-Limited-768x483.png 768w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Reliance-Industries-Limited-1536x966.png 1536w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Reliance-Industries-Limited-830x522.png 830w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Reliance-Industries-Limited.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-large-font-size\">Reliance Industries Limited spent USD 132 million to pick up a 54% stake in Addverb Technologies, an Indian robotics startup. <\/p>\n<\/div><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>The Noida-based startup focuses on building automation and robotics solutions for warehouses and factories. Reliance has been already using Addverb\u2019s robotic conveyors, pick-by-voice software, and semi-automated systems in its warehouses. Addverb churns out around 10,000 robots in a calendar year, including mobile robots, sorting robots, pallets shuttle and carton shuttle. And 80% of the startup\u2019s revenue comes from the domestic market.<\/p>\n\n\n\n<p>The robotics startup plans to use Reliance\u2019s resources to achieve its goal of becoming a billion-dollar company in the next five years by targeting the global market.<\/p>\n\n\n\n<h3 class=\"has-luminous-vivid-orange-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"HCLs_majority_stake_in_GBS_Starschema_acquisition\"><\/span><strong>HCL\u2019s majority stake in GBS &amp; Starschema acquisition&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide has-media-on-the-right is-stacked-on-mobile\" style=\"grid-template-columns:auto 30%\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"500\" src=\"https:\/\/indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/HCL-Technologies-Limited.jpg\" alt=\"\" class=\"wp-image-4585\" srcset=\"https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/HCL-Technologies-Limited.jpg 900w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/HCL-Technologies-Limited-300x167.jpg 300w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/HCL-Technologies-Limited-768x427.jpg 768w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/HCL-Technologies-Limited-830x461.jpg 830w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-large-font-size\">HCL Technologies has acquired a majority stake (51%) in German IT consulting firm Gesellschaft f\u00fcr Banksysteme GmbH (GBS). The remaining stake (49%) is with the largest German cooperative primary bank Deutsche Apotheker- und \u00e4rztebank eG (apoBank).<\/p>\n<\/div><\/div>\n\n\n\n<p>Additionally, HCL has agreed to buy the Budapest-based company Starschema in a deal worth USD 42.5 million to strengthen its data engineering services and build a stronghold in Central and Eastern Europe. Starschema, founded in 2006, offers consulting, technology, and managed services in data engineering.<\/p>\n\n\n\n<p>The deal enables HCL to provide data engineering consulting and near-shore access to digital engineering services to a bigger pool of clients. The main idea behind the acquisition is to utilize Starschema\u2019s data-focused expertise with HCL\u2019s industry presence for a data-driven transformation.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"has-luminous-vivid-orange-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Infosys_buys_Oddity\"><\/span><strong>Infosys buys Oddity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\" style=\"grid-template-columns:29% auto\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"397\" src=\"https:\/\/indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Infosys-company-at-indiabizforsale-blog-2-1024x397.png\" alt=\"\" class=\"wp-image-4605\" srcset=\"https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Infosys-company-at-indiabizforsale-blog-2-1024x397.png 1024w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Infosys-company-at-indiabizforsale-blog-2-300x116.png 300w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Infosys-company-at-indiabizforsale-blog-2-768x298.png 768w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Infosys-company-at-indiabizforsale-blog-2-830x322.png 830w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Infosys-company-at-indiabizforsale-blog-2.png 1242w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-large-font-size\">Infosys has \\completed acquiring oddity, a German digital marketing, experience, and commerce agency. The move reinforces Infosys\u2019 creative, branding and experience design capabilities and demonstrates its continued commitment to co-create with clients and help them navigate their digital transformation journey.<\/p>\n<\/div><\/div>\n\n\n\n<p>\u201cUsing oddity\u2019s digital commerce, marketing knowledge, and metaverse-ready set-up, it easily complements Infosys\u2019 prowess in technological transformation,\u201d said Ravi Kumar S, Infosys President, in a statement.&nbsp;<br><br>oddity has a comprehensive service portfolio comprising digital-first brand management and communication, in-house production, including virtual and augmented reality, experience design and e-commerce services across Europe and China. The acquisition will power Infosys\u2019 metaverse play.<\/p>\n\n\n\n<h3 class=\"has-luminous-vivid-orange-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tech_Mahindra_buys_Thirdware_picks_stake_in_GeomaticAI\"><\/span><strong>Tech Mahindra buys Thirdware, picks stake in Geomatic.AI<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<div class=\"wp-block-media-text alignwide has-media-on-the-right is-stacked-on-mobile\" style=\"grid-template-columns:auto 34%\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/tech-mahindra-1024x768.jpg\" alt=\"\" class=\"wp-image-4607\" srcset=\"https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/tech-mahindra-1024x768.jpg 1024w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/tech-mahindra-300x225.jpg 300w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/tech-mahindra-768x576.jpg 768w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/tech-mahindra-830x623.jpg 830w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/tech-mahindra.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-large-font-size\">Tech Mahindra has acquired Mumbai-based enterprise applications startup Thirdware in a USD 42 million all-cash deal. Thirdware specializes in services like RPA, ERP, and EPM, serving over 300 global clients, including Ford, Pfizer, and the United Nations. This acquisition will enhance Tech Mahindra&#8217;s capabilities in ERP solutions for the manufacturing sector.<\/p>\n<\/div><\/div>\n\n\n\n<p>Additionally, Tech Mahindra has acquired an 80 percent stake in Geomatic.AI through its Singapore subsidiary, with a consideration of AUD 6 million. Geomatic.AI will focus on digital platforms, leveraging its unique IP to offer services like Drone Technologies, Digital Twins, and AI-led solutions to asset-intensive industries in collaboration with AusNet Services.<\/p>\n\n\n\n<h3 class=\"has-luminous-vivid-orange-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Other_M_As_In_Indian_IT_Industry\"><\/span>Some Other M&amp;As In Indian IT Industry:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/gs.indiabizforsale.com\/Other M&amp;A Deals haapened in IT Industry.png\" alt=\"Other M&amp;A Deals happened in IT Industry.png\" title=\"Other M&amp;A Deals happened in IT Industry.png\"\/><figcaption>Other M&amp;A Deals happened in IT Industry<\/figcaption><\/figure>\n\n\n\n<h2 class=\"has-vivid-cyan-blue-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Expert_Opinions_and_Estimates_Unveiling_Insights\"><\/span><strong>Expert Opinions and Estimates: Unveiling Insights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u201cAcross multiple business and technology cycles, the India Tech Services sector has proven incredibly innovative and resilient. If we look beyond near-term concerns, we continue to be excited about the opportunities in Digital Transformation over the next decade and expect to see increasing M&amp;A and private equity investments in this sector. &#8220;<\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\" style=\"grid-template-columns:18% auto\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"225\" height=\"225\" src=\"https:\/\/indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Hari-GopalKrishna-Co-Head-of-India.jpg\" alt=\"\" class=\"wp-image-4610\" srcset=\"https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Hari-GopalKrishna-Co-Head-of-India.jpg 225w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Hari-GopalKrishna-Co-Head-of-India-150x150.jpg 150w\" sizes=\"(max-width: 225px) 100vw, 225px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h3 class=\"has-luminous-vivid-orange-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hari_Gopalakrishnan_partner_BPEA-EQT_Co_Head_of_Services_Co_Head_of_India\"><\/span>Hari Gopalakrishnan: partner,<br>BPEA-EQT, Co Head of Services,<br>Co Head of India<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>\u201cGlobal IT services spend is likely to grow in ~8% range next few years. Given macroeconomics, there will be caution rest of calendar 2023 and increased scrutiny on new investments, but customers will continue to repurpose to areas of high impact such as CX and data\/analytics to gain market share. Clients are also looking to get more ROI from their cloud &amp; digital investments, so they can drive business value, while balancing with cost optimization initiatives. Enterprises are driving data-driven programs, and large platform leaders such as Oracle, Salesforce, ServiceNow, AWS, Microsoft, Snowflake and SI\u2019s continue to differentiate with industry solutions \u2013 patient experience &amp; interoperability in Healthcare, or connected devices with IoT in discrete industries, or AI driven competitive intelligence in Retail\/Consumer are some examples.\u201d<\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide has-media-on-the-right is-stacked-on-mobile\" style=\"grid-template-columns:auto 19%\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" src=\"https:\/\/indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Hiral-Chandrana-Global-CEO-Mastek-group.jpg\" alt=\"\" class=\"wp-image-4617\" srcset=\"https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Hiral-Chandrana-Global-CEO-Mastek-group.jpg 200w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Hiral-Chandrana-Global-CEO-Mastek-group-150x150.jpg 150w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h3 class=\"has-luminous-vivid-orange-color has-text-color has-text-align-right wp-block-heading\"><span class=\"ez-toc-section\" id=\"_Hiral_Chandrana_Global_CEO_Mastek_group\"><\/span><strong>&nbsp;Hiral Chandrana<\/strong><br><strong>Global CEO, Mastek group<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>\u201cM&amp;A is an integral part of Infosys\u2019 strategy. Executing on our priorities, we are focused on inorganic investments to strengthen digital capabilities, expand into new buying centres, penetrate further into untapped markets, and deepen vertical expertise. Over the years, we have built a systematic M&amp;A approach and a framework that is repeatable with lots of cumulative experience, creating significant value. Our success from all the recent investments, built on a framework of acquisition design principles, ability to retain entrepreneurial culture, right integration with collaboration as the secret sauce, gives us the edge and we continuously evaluate acquisition opportunities. As clients look upon us as the digital transformation partner and the market sees favorable valuations, with our capital allocation policy and a strong balance sheet, we stay invested into inorganic growth opportunities to create a multiplier effect and influence the organic.\u201d<\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\" style=\"grid-template-columns:17% auto\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"225\" height=\"225\" src=\"https:\/\/indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Shyam-Mundhada-VP-MA-Infosys.jpg\" alt=\"\" class=\"wp-image-4621\" srcset=\"https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Shyam-Mundhada-VP-MA-Infosys.jpg 225w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Shyam-Mundhada-VP-MA-Infosys-150x150.jpg 150w\" sizes=\"(max-width: 225px) 100vw, 225px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h3 class=\"has-luminous-vivid-orange-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shyam_Mundhada_VP_M_A_Infosys\"><\/span>Shyam Mundhada <br>VP, M&amp;A, Infosys<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>\u201cAt Quest Global, we strive to be the most trusted partner for the world\u2019s hardest engineering problems. To support this ambition, we prudently plan our M&amp;A strategy to accelerate innovation, expand access to new markets, and deepen our expertise in emerging technologies to service our customers. Companies that can navigate this landscape strategically and acquire firms that complement their current capabilities will be better positioned for long-term customer relevance and success.Strategic deployment of capital towards M&amp;A is a critical lever for companies to build capabilities. Regardless of the current economic slowdown, the ER&amp;D sector globally has strong demand drivers as organizations undergo structural changes, while still facing increased pressure for innovation, reduced time-to-market, and operational excellence. This context creates a vibrant market for M&amp;A and private equity investment. &#8220;<\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide has-media-on-the-right is-stacked-on-mobile\" style=\"grid-template-columns:auto 22%\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"297\" height=\"297\" src=\"https:\/\/indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Ajit-Prabhu-CoFounder-Chairman-CEO-Quest-Global.jpg\" alt=\"\" class=\"wp-image-4623\" srcset=\"https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Ajit-Prabhu-CoFounder-Chairman-CEO-Quest-Global.jpg 297w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/Ajit-Prabhu-CoFounder-Chairman-CEO-Quest-Global-150x150.jpg 150w\" sizes=\"(max-width: 297px) 100vw, 297px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h3 class=\"has-luminous-vivid-orange-color has-text-color has-text-align-right wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ajit_Prabhu_CoFounder_Chairman_CEO_Quest_Global\"><\/span>Ajit Prabhu,<br>CoFounder, Chairman &amp; CEO,<br>Quest Global<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div><\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"has-vivid-cyan-blue-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Wrapping_Up\"><\/span><strong>Wrapping Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The India Tech Services sector has proven incredibly innovative and resilient across multiple business and technology cycles. Despite near-term concerns, experts are excited about the opportunities in Digital Transformation over the next decade.<\/p>\n\n\n\n<h3 class=\"has-luminous-vivid-orange-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Industry_leaders_highlighted_the_following_key_takeaways\"><\/span>Industry leaders highlighted the following key takeaways:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>Global IT services spend is likely to grow in ~8% range next few years.<\/li><li>Clients are looking to repurpose to areas of high impact such as CX (Customer Experience) and data\/analytics to gain market share.<\/li><li>Clients are also looking to get more ROI from their cloud &amp; digital investments, so they can drive business value, while balancing with cost optimization initiatives.<\/li><li>Enterprises are driving data-driven programs, and large platform leaders such as Oracle, Salesforce, ServiceNow, AWS, Microsoft, Snowflake and SI\u2019s continue to differentiate with industry solutions.<\/li><\/ul>\n\n\n\n<p>These trends indicate that the demand for digital transformation services will continue to grow in the coming years. This will drive M&amp;A and private equity investments in the India Tech Services sector.<\/p>\n\n\n\n<p>Companies that can navigate the current economic slowdown strategically and acquire firms that complement their current capabilities will be better positioned for long-term customer relevance and success.<\/p>\n\n\n\n<h2 class=\"has-luminous-vivid-orange-color has-text-color wp-block-heading\"><span class=\"ez-toc-section\" id=\"Prepared_By\"><\/span><strong>Prepared By<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\" style=\"grid-template-columns:15% auto\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"687\" height=\"832\" src=\"https:\/\/indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/WhatsApp-Image-2023-03-07-at-18.14.10.jpeg\" alt=\"Aman Tiwari - Business Analyst - IndiaBiz\" class=\"wp-image-4628\" srcset=\"https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/WhatsApp-Image-2023-03-07-at-18.14.10.jpeg 687w, https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/WhatsApp-Image-2023-03-07-at-18.14.10-248x300.jpeg 248w\" sizes=\"(max-width: 687px) 100vw, 687px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aman_Tiwari\"><\/span><a href=\"https:\/\/www.linkedin.com\/in\/aman-tiwari-a40052a9\/\">Aman Tiwari<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Business Analyst &#8211; IndiaBiz<br>Double Master&#8217;s Program with a focus on Financial Markets<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Insights into the Indian IT Industry: An Overview India&#8217;s IT sector has emerged as a global powerhouse, contributing 7.5% to the GDP in FY 2023. This vibrant sector, which includes information technology services and business process outsourcing, brought in an astounding $250 billion in income, of which $191 billion came from exports abroad and $59&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[76,448,77,78,1],"tags":[473,472,40,471],"featured_image_src":"https:\/\/www.indiabizforsale.com\/blog\/wp-content\/uploads\/2023\/11\/MA-Trends-in-IT-sector-2024.png","author_info":{"info":["indiabizforsale"]},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>M&amp;A in IT: A Comprehensive Look at M&amp;A Trends in Tech Industry India<\/title>\n<meta name=\"description\" content=\"Check Major Trends in Mergers &amp; Acquisitions (M&amp;A) in India&#039;s IT industry 2024. 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into the Indian IT Industry: An Overview India&#8217;s IT sector has emerged as a global powerhouse, contributing 7.5% to the GDP in FY 2023. This vibrant sector, which includes information technology services and business process outsourcing, brought in an astounding $250 billion in income, of which $191 billion came from exports abroad and $59&hellip;","_links":{"self":[{"href":"https:\/\/www.indiabizforsale.com\/blog\/wp-json\/wp\/v2\/posts\/4571"}],"collection":[{"href":"https:\/\/www.indiabizforsale.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.indiabizforsale.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.indiabizforsale.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.indiabizforsale.com\/blog\/wp-json\/wp\/v2\/comments?post=4571"}],"version-history":[{"count":53,"href":"https:\/\/www.indiabizforsale.com\/blog\/wp-json\/wp\/v2\/posts\/4571\/revisions"}],"predecessor-version":[{"id":4691,"href":"https:\/\/www.indiabizforsale.com\/blog\/wp-json\/wp\/v2\/posts\/4571\/revisions\/4691"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.indiabizforsale.com\/blog\/wp-json\/wp\/v2\/media\/5120"}],"wp:attachment":[{"href":"https:\/\/www.indiabizforsale.com\/blog\/wp-json\/wp\/v2\/media?parent=4571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.indiabizforsale.com\/blog\/wp-json\/wp\/v2\/categories?post=4571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.indiabizforsale.com\/blog\/wp-json\/wp\/v2\/tags?post=4571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}