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Nagarro co-founder Manas Human built Delhi startup into 1.3 billion dollar firm now merging with Persistent Systems
Moneycontrol··29 Jun
Moneycontrol reported June 29 weekend announcement creates India's seventh-largest IT services company with 2.9 billion dollar revenue run rate. Persistent offering EUR 81 per share voluntary takeover for German-listed digital engineering firm Nagarro SE.
Prism
What It Means For You
- Indian IT sector sees major consolidation.
- AI-led engineering firms are scaling up.
- Deal may close by early 2027.
What's Happening
- Persistent is acquiring Nagarro.
- Combined revenue run rate is 2.9 billion dollars.
- Manas Human co-founded Nagarro from Delhi.
Deal Context
- Offer is EUR 81 per share.
- BaFin approval is required.
- Nagarro is listed in Frankfurt.
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