ESDS Software Solution Ltd. IPO

The IT/ITES industry in India continues to be a key pillar of economic growth, exports, innovation, and employment. The sector is increasingly driven by demand for artificial intelligence (AI), cloud computing, digital engineering, cybersecurity, data analytics, and platform-based services, as ... enterprises globally accelerate technology-led transformation initiatives. India has also strengthened its position as a preferred destination for Global Capability Centers (GCCs), engineering R&D, and high-value digital services. According to India Brand Equity foundation, India’s technology industry is expected to cross USD 315 billion by 2026 and contribute 10% towards the country’s GDP. Direct employment in the sector is projected to reach approximately 6 million professionals in FY 2026, with a net addition of around 135,000 jobs over the previous year. The industry continues to benefit from growing AI adoption, the expansion of GCCs, increasing investments in digital infrastructure, and rising demand for engineering and research services. India remains one of the world’s largest digital talent hubs, supported by a deep pool of technology professionals, strong STEM capabilities, and a rapidly expanding ecosystem focused on AI, machine learning, cloud technologies, and digital engineering. The shift from traditional IT services toward outcome-based and AI-enabled solutions is reshaping the industry’s growth model, while strategic partnerships and technology-driven innovation continue to enhance India’s competitiveness in global markets. The Government of India continues to support the sector through initiatives such as Digital India, Software Technology Parks of India (STPI), and policies promoting electronics manufacturing, digital infrastructure, and technology innovation. These initiatives have strengthened India’s position as a global technology and digitalservices hub while encouraging export growth and investment in emerging technologies. The semiconductor sector has emerged as a strategic priority within India’s electronics ecosystem. According to the Ministry of Electronics and Information Technology (MeitY), the Indian semiconductor market is expected to grow substantially over the coming decade, supported by rising demand from electronics, automotive, telecommunications, industrial automation, and consumer technology sectors. To capitalize on this opportunity and reduce import dependence, the Government has launched the India Semiconductor Mission (ISM) and the Semicon India Programme, which provide financial incentives and policy support for semiconductor fabrication, packaging, testing, design, and display manufacturing. These initiatives aim to establish a resilient domestic semiconductor ecosystem and position India as a significant player in the global electronics value chain. Read more