{{Short description|Indian multinational technology company}} {{Multiple issues| {{Promotional|date=July 2025}} {{COI|date=July 2025}} }} {{Use dmy dates|date=May 2025}} {{Use Indian English|date=May 2025}} {{Infobox company | name = Birlasoft | logo = | logo_size = | logo_upright = | logo_alt = | logo_caption = | trade_name = | former_name = | type = Public | traded_as = {{BSE|532400}}<br>{{NSE|BSOFT}} | ISIN = {{ISIN|INE836A01035}} | industry = Information technology | genre = | founded = {{Start date and age|1990}} | hq_location_city = Pune | hq_location_country = India | area_served = Worldwide | key_people = Amita Birla (Chairman)<br>C. K. Birla (Non-executive Director)<br>Angan Guha (CEO & MD) | revenue = {{increase}}₹5,278.1 crore<ref name=businessstandard>{{cite news |last1=Mohanty |first1=Ajay |title=Birlasoft Q4 results: Profit rises 60% to Rs 180 cr, revenue up 11% |url=https://www.business-standard.com/companies/news/birlasoft-q4-results-profit-rise-60-to-rs-180-cr-revenue-up-11-124042900751_1.html |work=Business Standard |date=April 29, 2024}}</ref> | revenue_year = FY24 | net_income = {{increase}}₹623.76 crore<ref name=businessstandard/> | net_income_year = FY24 | num_employees = 12,595<ref>{{cite news |title=Birlasoft's net profit grew 11.8% to Rs 180 crore |url=https://economictimes.indiatimes.com/tech/information-tech/birlasofts-net-profit-grew-11-8-to-rs-180-crore/articleshow/109701707.cms |work=The Economic Times |date=April 29, 2024}}</ref> | num_employees_year = 2024 | parent = CKA Birla Group | website = {{URL|https://www.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.<ref name=forbes>{{cite news |last1=Arakali |first1=Harichandan |title=From Mphasis to WNS, four midcaps changing the Indian IT game |url=https://www.forbesindia.com/article/it-services-special-2023/from-mphasis-to-wns-four-midcaps-changing-the-indian-it-game/84347/1 |work=Forbes India |date=April 12, 2023}}</ref><ref>{{cite news |last1=Parmar |first1=Beena |title=Birlasoft eyes large clients to lead industry growth |url=https://economictimes.indiatimes.com/tech/information-tech/birlasoft-eyes-large-clients-to-lead-industry-growth/articleshow/108146072.cms |work=The Economic Times |date=March 4, 2024}}</ref>
Birlasoft has a presence in the United States, United Kingdom, Europe, and the Asia-Pacific region and delivery centers in India.<ref name=rediff>{{cite news |last1=Warrier |first1=Shobha |title=Birlasoft opens development centre in Chennai |url=https://www.rediff.com/money/2003/aug/07birlasoft.htm |work=Rediff.com |date=August 7, 2003}}</ref>
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.<ref>{{cite news |last1=Balachandran |first1=Manu |title=Long-term wealth creation calls for long-term investments: Ravi Pandit |url=https://www.forbesindia.com/article/billionaires/longterm-wealth-creation-calls-for-longterm-investments-ravi-pandit/92835/1 |work=Forbes India |date=April 30, 2024}}</ref>
== History == Birlasoft was founded in 1990.<ref name=forbes/> 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.<ref name=rediff/> In 2003, GE Capital held a 20% equity stake in the company.<ref>{{cite news |title=BIRLASOFT: Reversing the Order |url=https://www.dqindia.com/birlasoft-reversing-the-order/ |publisher=Dataquest |date=August 25, 2003}}</ref><ref name=Dataquest>{{cite news |title=BirlaSoft Under Pressure |url=https://www.dqindia.com/r-n-r-nbirlasoft-under-pressure-r-n-r-n/ |publisher=Dataquest |date=August 31, 2000}}</ref><ref>{{cite news |title=Birlasoft, iPlanet in service pact |url=https://timesofindia.indiatimes.com/birlasoft-iplanet-in-service-pact/articleshow/12965649.cms |work=The Times of India |date=December 21, 2000}}</ref> 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.<ref>{{cite news |title=BIRLASOFT: Back on Track |url=https://www.dqindia.com/41-birlasoft-back-on-track-1/ |publisher=Dataquest |date=August 4, 2001}}</ref>
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.<ref>{{cite news |title=Birlasoft gets CMMI Level 5 appraisal |url=https://economictimes.indiatimes.com/focus/it-cities/delhi/birlasoft-gets-cmmi-level-5-appraisal/articleshow/621728.cms |work=The Economic Times |date=April 16, 2004}}</ref>
In December 2005, Birlasoft acquired Portfolio Insight, a loan pricing and portfolio management software, from Sydney-based Fusion Technology Group.<ref>{{cite news |last1=Kant |first1=Krishna |title=Birlasoft eyes acquisitions in ERP space |url=https://economictimes.indiatimes.com/newet/emerging-business-it/birlasoft-eyes-acquisitions-in-erp-space/articleshow/1344582.cms |work=The Economic Times |date=December 24, 2005}}</ref> 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.<ref>{{cite news |title=Birlasoft launches ADVISIOR+ for wealth managers |url=https://www.oneindia.com/2006/08/30/birlasoft-launches-advisior-for-wealth-managers-1156934312.html |publisher=One India |date=August 30, 2006}}</ref>
In January 2014, Birlasoft acquired US-based CRM software provider EnablePath for an undisclosed sum.<ref>{{cite news |last1=Gupta |first1=Bhavna |last2=Puthuparampil Johnson|first2=Joby |title=Birlasoft acquires US-based CRM solutions provider EnablePath |url=https://www.vccircle.com/birlasoft-acquires-us-based-crm-solutions-provider-enablepath |publisher=VCCircle |date=January 9, 2014}}</ref>
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.<ref>{{cite news |last1=Phadnis |first1=Shilpa |title=KPIT to merge with Birlasoft, split into two |url=https://timesofindia.indiatimes.com/business/india-business/kpit-to-merge-with-birlasoft-split-into-two/articleshow/62703494.cms |work=The Times of India |date=January 30, 2018}}</ref><ref>{{cite news |last1=Mendonca |first1=Jochelle |title=KPIT, Birlasoft to merge and split into two publicly-traded companies |url=https://economictimes.indiatimes.com/tech/ites/kpit-birlasoft-to-merge-and-split-into-two-publicly-traded-companies/articleshow/62705366.cms |work=The Economic Times |date=January 30, 2018}}</ref>
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.<ref>{{cite news |title=Acacia II Partners LP sells Birlasoft shares worth over Rs 137 cr |url=https://timesofindia.indiatimes.com/acacia-ii-partners-lp-sells-birlasoft-shares-worth-over-rs-137-cr/articleshow/79844049.cms |work=The Times of India |date=December 21, 2020}}</ref>
==See also== {{Portal|Companies}} *List of IT consulting firms *List of Indian IT companies
==References== {{Reflist}} {{authority control}}
Category:Information technology companies of India Category:Multinational companies headquartered in India Category:Consulting firms of India Category:CK Birla Group Category:Companies established in 1990 Category:Companies listed on the Bombay Stock Exchange Category:Companies listed on the National Stock Exchange of India Category:Companies based in Pune Category:Technology companies established in 1990 Category:Indian companies established in 1990