Nagarro
 | |
| Type | Societas Europaea |
|---|---|
| SDAX | |
| ISIN | DE000A3H2200 |
| Industry | IT services |
| Founded | 1996 in New Delhi, India[1] |
| Headquarters | , Germany |
| Revenue | €1 billion (2023) |
Number of employees | 17,695 [2] (2024) |
| Website | www.nagarro.com |
Nagarro SE is a German IT service provider based in Munich, Bavaria, Germany. The company's activities include digital products and IT services, particularly for the automotive, energy and telecommunications industries.[3]
History
[edit]Nagarro was founded in 1996 in New Delhi, India, by a team led by Manas Fuloria, who merged two small companies, named the new venture after a word in a Robert Ludlum book, and commenced operations from a small office in the city.[1][4][5]
In 2011, Nagarro was acquired by the German IT consulting company Allgeier SE; Nagarro was headquartered in Silicon Valley, United States, at the time of the acquisition.[6]
In 2020, the company was spun-off from Allegier SE and listed on the Frankfurt Stock Exchange.[7][3] Nagarro was included in the SDAX index in June 2021 and in the TecDAX of Deutsche Börse in December 2021.[8]
In June 2026, Indian digital engineering company Persistent Systems announced its bid to acquire Nagarro for €1.1 billion.[9]
Products and sectors
[edit]Nagarro SE primarily designs, develops and implements software for industry in cases where no standard software available on the market is suitable. The company uses the term digital product engineering for this purpose.[10] In addition to the automotive, energy and telecommunications industries, the company also targets banks and insurance companies, public administration, media and computer game developers, among others.[11]
Personnel and locations
[edit]In 2024, it had around 18,000 employees, of which over 13,000 were in India.[1] Its other employees were spread across 36 countries in Europe, Asia and North America.[12][13]
Finances
[edit]The key trends for Nagarro SE are, as of each financial year:[14]
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Total revenue (€ mn.) | 211 | 287 | 402 | 430 | 546 | 856 | >1000 |
| Net profit (€ mn.) | 3 | 7 | 25 | 18 | 30 | 77 | ... |
| Total Assets (€ mn.) | 167 | 298 | 343 | 388 | 526 | 621 | ... |
| Number of employees | ... | ... | 8,406 | 8,666 | 13,684 | 18,250 | 18,000 |
References
[edit]- ^ a b c "Nagarro's revenue hits 1 billion dollar mark". The Times of India. 17 April 2024. Retrieved 30 June 2026.
- ^ "Geschäftsbericht 2024" (PDF). Retrieved 2026-02-25.
- ^ a b "Abspaltungen: Mehrwert durch Trennung - spannende Investmentideen aus Spin-Offs". Börse Online (in German). 19 April 2021. Retrieved 2021-09-21.
- ^ Phadnis, Shilpa (28 June 2026). "Human, face behind $1bn German IT company Nagarro". The Times of India. Retrieved 30 June 2026.
- ^ Baruah, Ayushman (12 September 2024). "Nagarro aims to touch $10 billion in 10 years driven by strong adoption of AI". Entrepreneur India. Retrieved 30 June 2026.
- ^ Große, Christopher (14 July 2011). "Allgeier continues to drive international expansion". Allgeier SE. Retrieved 30 June 2026.
- ^ "Abspaltung (Spin-Off) Nagarro SE". Retrieved 2021-09-21.
- ^ "Marktbericht: Zwischen Zinssorgen und Steuerhoffnungen". tagesschau.de (in German). Archived from the original on 2021-08-04. Retrieved 2021-09-21.
- ^ Mishra, Lalatendu (27 June 2026). "Persistent to acquire German digital engineering firm Nagarro for €1.1 billion". The Hindu. Retrieved 30 June 2026.
- ^ "Nagarro will im Dezember an die Börse" (in German). 2020-11-13. Retrieved 2021-09-21.
- ^ Nagarro. "Branchen" (in German). Retrieved 2021-09-21.
- ^ "Nagarro startet als eigenständig börsennotiertes Unternehmen - dgap.de". Retrieved 2021-09-21.
- ^ Nagarro. "Über uns | IT Beratung & Services | Nagarro". www.nagarro.com. Retrieved 2024-03-17.
- ^ "Nagarro SE Umsatz, Kennzahlen, Bilanz/GuV". finanzen.net.
