Article · Wikipedia archive · Last revised Jul 6, 2026

Birlasoft

Birlasoft is an Indian multinational information technology services and consulting company, founded in 1990 and headquartered in Pune, India. It is a part of the CKA Birla Group.

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Birlasoft
TypePublic
BSE: 532400
NSE: BSOFT
ISINISIN: INE836A01035
IndustryInformation technology
Founded1990 (1990)
Headquarters
Pune
,
India
Area served
Worldwide
Key people
Amita Birla (Chairman)
C. K. Birla (Non-executive Director)
Angan Guha (CEO & MD)
RevenueIncrease₹5,278.1 crore1 (FY24)
Increase₹623.76 crore1 (FY24)
Number of employees
12,5952 (2024)
ParentCKA Birla Group
Websitewww.birlasoft.com

Birlasoft is an Indian multinational information technology services and consulting company, founded in 1990 and headquartered in Pune, India. It is a part of the CKA Birla Group.34

Birlasoft has a presence in the United States, United Kingdom, Europe, and the Asia-Pacific region and delivery centers in India.5

The company's shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India. As of April 2024, Birlasoft's market capitalization was approximately ₹20,000 crore.6

History

Birlasoft was founded in 1990.3 The company was launched in New Jersey in 1992 with initial equity investment from GE Capital. By the fiscal year 2002-2003, the company reported $73 million in revenue and 1,500 employees.5 In 2003, GE Capital held a 20% equity stake in the company.789 In 2001, Birlasoft secured a contract from the Ministry of External Affairs of India to computerize Indian consulates in New York and Dubai, with an extension to 38 other consulates worldwide.10

In April 2004, the company achieved a Level 5 maturity in CMMI Continuous Representation - SW version 1.1 from the Software Engineering Institute, becoming the first Indian IT company to attain this level.11

In December 2005, Birlasoft acquired Portfolio Insight, a loan pricing and portfolio management software, from Sydney-based Fusion Technology Group.12 The company launched Birlasoft Advisior+ in the Asia-Pacific market in 2006, providing tools for investment advisors and financial institutions for portfolio management and analytics.13

In January 2014, Birlasoft acquired US-based CRM software provider EnablePath for an undisclosed sum.14

In 2019, Birlasoft and KPIT Technologies underwent a merger and demerger, leading to the creation of two publicly traded companies, with Birlasoft operating in business IT services and KPIT Technologies focusing on automotive embedded software.1516

In December 2020, Acacia II Partners LP sold over 6.7 million shares of Birlasoft Ltd worth approximately ₹137 crore through an open market transaction.17

See also

See also

References

References

  1. Mohanty, Ajay (29 April 2024). "Birlasoft Q4 results: Profit rises 60% to Rs 180 cr, revenue up 11%". Business Standard.
  2. "Birlasoft's net profit grew 11.8% to Rs 180 crore". The Economic Times. 29 April 2024.
  3. Arakali, Harichandan (12 April 2023). "From Mphasis to WNS, four midcaps changing the Indian IT game". Forbes India.
  4. Parmar, Beena (4 March 2024). "Birlasoft eyes large clients to lead industry growth". The Economic Times.
  5. Warrier, Shobha (7 August 2003). "Birlasoft opens development centre in Chennai". Rediff.com.
  6. Balachandran, Manu (30 April 2024). "Long-term wealth creation calls for long-term investments: Ravi Pandit". Forbes India.
  7. "BIRLASOFT: Reversing the Order". Dataquest. 25 August 2003.
  8. "BirlaSoft Under Pressure". Dataquest. 31 August 2000.
  9. "Birlasoft, iPlanet in service pact". The Times of India. 21 December 2000.
  10. "BIRLASOFT: Back on Track". Dataquest. 4 August 2001.
  11. "Birlasoft gets CMMI Level 5 appraisal". The Economic Times. 16 April 2004.
  12. Kant, Krishna (24 December 2005). "Birlasoft eyes acquisitions in ERP space". The Economic Times.
  13. "Birlasoft launches ADVISIOR+ for wealth managers". One India. 30 August 2006.
  14. Gupta, Bhavna; Puthuparampil Johnson, Joby (9 January 2014). "Birlasoft acquires US-based CRM solutions provider EnablePath". VCCircle.
  15. Phadnis, Shilpa (30 January 2018). "KPIT to merge with Birlasoft, split into two". The Times of India.
  16. Mendonca, Jochelle (30 January 2018). "KPIT, Birlasoft to merge and split into two publicly-traded companies". The Economic Times.
  17. "Acacia II Partners LP sells Birlasoft shares worth over Rs 137 cr". The Times of India. 21 December 2020.