NSE NEWGEN · BSE 540900 · Software & Programming · NIFTY 500
Newgen Software Technologies Share Price
₹493.60
▼ −₹11.21 · 2.22%
NSE · as of 24 Sep 2026, 9:59 AM · BSE ₹493.00
Today's range
₹490.45Low₹504.80High
52-week range
₹401.05Low · 30 Mar 2026₹1,042.00High · 29 Oct 2025
Newgen Software Technologies Overview
Where the price stands, how it has moved and how it sits against its averages.
Newgen Software Technologies shares last traded at ₹493.60 on the NSE, down 2.22% on the day. That is 52.6% below the 52-week high of ₹1,042.00 and 23.1% above the 52-week low of ₹401.05. The stock trades at 21.16× earnings, below the sector average of 79.95. Its market value is ₹7,026 Cr.
Price returns
1 Day▼ −2.22%
5 Days▲ +2.47%
This month▼ −4.67%
3 Months▲ +6.68%
6 Months▲ +15.72%
This year▼ −40.34%
1 Year▼ −42.98%
Against the market: 1 Month ▼ −0.45% · 3 Months ▲ +9.76% · 6 Months ▲ +16.41% · This year ▼ −32.06% · 1 Year ▼ −37.44%
Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.
Moving averages — price is above 0 of 6
- 300-day average₹561.62 ▼ price 12.1% below
- 50-day average₹530.20 ▼ price 6.9% below
- 20-day average₹514.37 ▼ price 4.0% below
- 100-day average₹503.71 ▼ price 2.0% below
- 10-day average₹500.41 ▼ price 1.4% below
- 5-day average₹493.72 ▼ price 0.0% below
- Today's price₹493.60
Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.
Newgen Software Technologies Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
1,574
315
301
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹1,574 Cr | ▲ +5.9% | ₹301 Cr | 19.1% | ₹21.24 | ₹6.00 |
| FY 2025 | ₹1,487 Cr | ▲ +19.5% | ₹315 Cr | 21.2% | ₹21.89 | ₹5.00 |
| FY 2024 | ₹1,244 Cr | ▲ +27.7% | ₹252 Cr | 20.2% | ₹17.50 | ₹4.00 |
| FY 2023 | ₹974 Cr | ▲ +25.0% | ₹177 Cr | 18.2% | ₹12.56 | ₹2.50 |
| FY 2022 | ₹779 Cr | ▲ +15.8% | ₹164 Cr | 21.1% | ₹11.75 | ₹2.25 |
| FY 2021 | ₹673 Cr | ▲ +1.8% | ₹126 Cr | 18.8% | ₹9.05 | ₹1.75 |
| FY 2020 | ₹661 Cr | — | ₹73 Cr | 11.0% | ₹5.25 | ₹2.00 |
453
357
108
63
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹357 Cr | ▼ −21.2% | ₹63 Cr | 17.6% | ₹4.41 |
| Q4 FY26 | ₹453 Cr | ▲ +13.1% | ₹106 Cr | 23.5% | ₹7.51 |
| Q3 FY26 | ₹400 Cr | ▼ −0.1% | ₹63 Cr | 15.7% | ₹4.37 |
| Q2 FY26 | ₹401 Cr | ▲ +25.0% | ₹82 Cr | 20.4% | ₹5.69 |
| Q1 FY26 | ₹321 Cr | ▼ −25.4% | ₹50 Cr | 15.5% | ₹3.45 |
| Q4 FY25 | ₹430 Cr | ▲ +12.8% | ₹108 Cr | 25.2% | ₹7.62 |
| Q3 FY25 | ₹381 Cr | ▲ +5.5% | ₹89 Cr | 23.4% | ₹6.16 |
| Q2 FY25 | ₹361 Cr | — | ₹70 Cr | 19.5% | ₹4.87 |
Balance sheet — FY26
Owes (liabilities)Shareholders' equity
27%
73%
- Total assets₹2,442 Cr
- Total liabilities₹665 Cr
- Shareholders' equity₹1,777 Cr
- Total debt₹39 Cr
- Cash & investments₹1,114 Cr
- Current ratio3.66×
- Revenue growth, 5 yr18.54% a year
- EPS growth, 5 yr18.61% a year
- Operating margin (TTM)20.90%
- Net margin (TTM)19.48%
Cash flow — FY26
Operating activities
▲ ₹232 Cr
Investing activities
▼ −₹162 Cr
Financing activities
▼ −₹87 Cr
Free cash flow
▲ ₹222 Cr
Net change in cash
▼ −₹0 Cr
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY20–FY26
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 660.76 | 672.62 | 778.96 | 973.98 | 1,243.83 | 1,486.88 | 1,574.40 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Operating expenses | 575.86 | 498.03 | 601.68 | 786.43 | 983.49 | 1,141.85 | 1,239.41 |
| Operating income | 84.90 | 174.60 | 177.29 | 187.55 | 260.34 | 345.03 | 334.99 |
| Depreciation | 19.91 | 20.15 | 17.63 | 24.67 | 27.97 | 33.04 | 36.60 |
| Profit before tax | 94.74 | 181.17 | 203.45 | 217.28 | 304.22 | 401.97 | 387.29 |
| Tax | 22.01 | 54.68 | 39.24 | 40.27 | 52.62 | 86.73 | 86.71 |
| Net profit | 72.73 | 126.48 | 164.21 | 177.01 | 251.61 | 315.24 | 300.58 |
| EPS (₹) | 5.25 | 9.05 | 11.75 | 12.56 | 17.50 | 21.89 | 21.24 |
| Dividend per share (₹) | 2.00 | 1.75 | 2.25 | 2.50 | 4.00 | 5.00 | 6.00 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 871.08 | 920.58 | 1,107.04 | 1,344.75 | 1,686.48 | 2,045.08 | 2,442.48 |
| Current assets | 602.67 | 648.93 | 746.32 | 827.48 | 1,306.02 | 1,647.88 | 2,014.20 |
| Cash & short-term investments | 241.38 | 324.92 | 368.24 | 424.05 | 740.84 | 923.78 | 1,114.46 |
| Inventory | 0.19 | 0.21 | 0.54 | — | 1.03 | 0.55 | 0.77 |
| Property, plant & equipment | 219.66 | 204.31 | 210.97 | 228.60 | 237.95 | 249.59 | 232.67 |
| Total liabilities | 322.01 | 254.88 | 295.63 | 362.21 | 462.96 | 528.65 | 665.13 |
| Current liabilities | 275.55 | 212.39 | 238.80 | 296.42 | 379.59 | 432.31 | 549.93 |
| Total debt | 110.84 | 20.09 | 27.82 | 42.71 | 48.51 | 53.48 | 39.36 |
| Total equity | 549.07 | 665.70 | 811.40 | 982.53 | 1,223.52 | 1,516.43 | 1,777.35 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | 90.05 | 215.70 | 142.77 | 136.35 | 281.41 | 214.98 | 231.86 |
| From investing | −103.96 | −142.96 | −80.59 | −94.30 | −218.81 | −172.12 | −162.22 |
| From financing | −47.20 | −102.31 | −31.97 | −44.05 | −47.46 | −68.09 | −87.37 |
| Capital expenditure | −43.79 | −11.71 | −12.69 | −16.77 | −13.81 | −23.35 | −9.75 |
| Dividends paid | −25.17 | −13.99 | −24.45 | −31.48 | −34.96 | −56.09 | −70.82 |
| Net change in cash | −57.64 | −28.36 | 31.86 | 4.45 | 16.55 | −20.80 | −0.24 |
What Analysts Say
6 analysts
Recommendations from 6 analysts who cover Newgen Software Technologies.
Buy
average rating 2.00 on a 1–5 scale
Strong buyBuyHoldSellStrong sell
▲ 4 bullish (66.7%) · 2 hold (33.3%) · ▼ 0 bearish (0.0%)
Votes
Strong Buy
2 (33%)
Buy
2 (33%)
Hold
2 (33%)
Sell
0 (0%)
Strong Sell
0 (0%)
How the votes changed
| Rating | 3M ago | 2M ago | 1M ago | 1W ago | Now | 3-month change |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | — |
| Buy | 3 | 3 | 2 | 2 | 2 | ▼ −1 |
| Hold | 2 | 2 | 2 | 2 | 2 | — |
| Sell | 0 | 0 | 0 | 0 | 0 | — |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | — |
Analyst ratings are opinions, not a guarantee of returns.
Newgen Software Technologies vs Peers
Side by side with other software & programming companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield | Rating |
|---|---|---|---|---|---|---|---|---|---|
| Newgen Software Technologies | ₹493.60 | ▼ −2.22% | ₹7,026 Cr | 21.16 | 4.00 | 21.00% | 19.48% | 1.19% | This stock |
| Infosys | ₹1,009.10 | ▼ −0.99% | ₹4,09,516 Cr | 14.00 | 4.52 | 0.00% | 0.00% | 0.00% | Bearish |
| HCL Technologies | ₹1,244.85 | ▼ −0.89% | ₹3,37,811 Cr | 18.84 | 4.35 | 0.00% | 0.00% | 0.00% | Moderately Bearish |
| Tech Mahindra | ₹1,546.00 | ▼ −0.58% | ₹1,51,529 Cr | 27.34 | 5.10 | 0.00% | 0.00% | 0.00% | Bullish |
| LTM Ltd | ₹4,035.00 | ▼ −1.16% | ₹1,19,687 Cr | 23.39 | 5.28 | 0.00% | 0.00% | 0.00% | Bearish |
| Billionbrains Garage Ventures | ₹185.00 | ▼ −1.93% | ₹1,16,062 Cr | 56.08 | 12.85 | 0.00% | 0.00% | 0.00% | Moderately Bearish |
Rating = the data provider's overall technical view of each peer. Company names link to their own pages.
Newgen Software Technologies Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
Newgen Software TechnologiesBenchmarkComfortable → stretched
Valuation Is the price reasonable?
P/E (TTM)Price ÷ yearly earnings per share
21.16
▼ 74% below the sector average of 79.95
P/E, 12-month rangeLow 15.65 · high 78.71
9%
Today's P/E sits 9% of the way from its low to its high
P/BPrice ÷ book value per share
4.00
P/SPrice ÷ sales per share
4.43
P/CFPrice ÷ cash flow per share
20.35
PEGP/E ÷ earnings growth (≈1 is fair)
1.20
Profitability Of every ₹100 of sales, how much is kept?
Operating marginKept after running costs
20.90%
▼ below its 5-yr average of 21.54%
Pre-tax marginKept before tax
25.17%
▲ above its 5-yr average of 25.00%
Net marginKept as profit
19.48%
▼ below its 5-yr average of 19.95%
Returns & efficiency How well does it use its money?
Return on equityProfit on shareholders' money
18.25%
▼ below its 5-yr average of 21.00%
Return on assetsProfit on everything it owns
13.40%
▼ below its 5-yr average of 15.37%
Return on investmentProfit on long-term capital
17.15%
▼ below its 5-yr average of 19.70%
Growth Is the business getting bigger?
Revenue — last 12 months
+7.9%
▲ growing
Revenue — 3 yr, a year
+17.4%
▲ growing
Revenue — 5 yr, a year
+18.5%
▲ growing
EPS — last 12 months
−0.5%
▼ shrinking
EPS — 3 yr, a year
+19.2%
▲ growing
EPS — 5 yr, a year
+18.6%
▲ growing
Dividend — 3 yr, a year
+33.9%
▲ growing (off the scale)
Book value — 5 yr, a year
+21.3%
▲ growing
Financial strength Can it pay its bills and debts?
Debt to equityBorrowings for every ₹1 of shareholders' money
0.02×
Current ratioShort-term assets for every ₹1 due within a year
3.66×
Quick ratioLike the current ratio, without inventory
3.66×
Interest coverOperating profit ÷ interest to pay
74.37×
Payout ratioShare of profit paid as dividend
28.41%
Per share What each share stands for
EPS (TTM)
₹21.98
Book value
₹125.87
Cash flow
₹24.53
Dividend
₹6.00
Revenue
₹112.74
The share price is 3.92× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
All 107 metrics from the data provider
Valuation
P/E excluding extraordinary items, most recent fiscal year23.74
Current Dividend Yield - Common Stock Primary Issue, LTM1.19
Price to Book - most recent fiscal year4.00
P/E Basic excluding extraordinary items - TTM21.16
P/E including extraordinary items - TTM22.94
P/E excluding extraordinary items low, trailing 12 months15.65
Price to Tangible Book - most fiscal year4.03
Dividend Yield - 5 Year Average0.74
Price to sales - most recent fiscal year4.53
Dividend Yield - indicated annual dividend divided by closing price1.19
Price to Cash Flow per share - trailing 12 month20.35
Peg Ratio1.20
Price to Free Cash Flow per Share - most recent fiscal year47.14
P/E Normalized, most recent fiscal year21.39
P/E excluding extraordinary items high, trailing 12 months78.71
P/E excluding extraordinary items, most recent fiscal year quarter22.94
Price to sales - trailing 12 month4.43
Net Debt, LFY−10,751.08
Per share
Dividend Per Share - 5 year average3.95
Cash Flow per share - trailing 12 month24.53
Cash Flow per share - most recent fiscal year23.82
EPS including extraordinary items - trailing 12 month21.98
EPS including extraordinary items - most recent fiscal year21.24
EBITD per share - trailing 12 month29.17
Revenue/share - trailing 12 month112.74
EPS excluding extraordinary items - trailing 12 month21.98
EPS Basic excluding extraordinary items - most recent fiscal year21.38
EPS Basic excluding extraordinary items - trailing 12 month22.28
Book value per share - most recent fiscal year125.91
Dividend per share - most recent fiscal year6.00
Revenue/share - most recent fiscal year111.24
EPS Normalized - most recent fiscal year23.57
Book value (tangible) per share - most recent fiscal year125.38
Dividends per share - trailing 12 month6.00
EPS excluding extraordinary items - most recent fiscal year21.24
Cash per share - most recent fiscal year78.95
Margins
Operating margin - trailing 12 month20.90
Operating margin - 1st historical fiscal year21.28
Operating Margin - 5 year average21.54
Net Profit Margin % - 1st historical fiscal year19.09
Net Profit Margin % - trailing 12 month19.48
Net Profit Margin - 5 year average19.95
Pretax Margin - 5 year average25.00
Pretax margin - 1st historical fiscal year24.60
Pretax margin - trailing 12 month25.17
Free Operating Cash Flow/Revenue, 5 Year Average11.77
Growth
EPS Change %, TTM over TTM−0.53
Revenue growth rate, 5 year18.54
EPS growth rate, 5 year18.61
Revenue Change % - most recent quarter 1 year ago11.24
Growth rate% - dividend, 3 year33.89
Growth rate% - EPS, 3 year19.15
Revenue/share (5 yr growth)18.25
Free Operating Cash Flow, 5 Year CAGR−4.45
Tangible Book Value, Total Equity, 5 Year CAGR21.62
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR15.92
Capital Spending growth rate, 5 year−3.60
Revenue Change %, TTM over TTM7.88
Growth rate% - Revenue, 3 year17.36
Book value per share growth rate, 5 year21.26
EPS Change % - most recent quarter 1 year ago27.83
Net Profit Margin growth rate, 5 year0.30
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR16.44
Total Debt, 5 Year CAGR14.39
Financial strength
Free Cash Flow - most recent fiscal year1,512.84
LT debt/equity - most recent fiscal year0.01
Quick ratio - most recent fiscal year3.66
Payout ratio - trailing 12 month27.22
Current ratio - most recent fiscal year3.66
Current EV/Free Cash Flow, LFY23.60
Total debt/total equity - most recent fiscal year0.02
Net Interest coverage - trailing 12 month74.37
Payout ratio - most recent fiscal year28.41
Returns & efficiency
Return on average equity - 5 year average21.00
Net Income/employee - trailing 12 month8,28,080.50
Revenue/employee - most recent fiscal year40,22,472.00
Return on investment - most recent fiscal year17.15
Return on average assets - most recent fiscal year13.40
Receivables turnover - most recent fiscal year2.06
Revenue/employee - trailing 12 month42,51,381.00
Return on average assets - 5 year average15.37
Net Income/employee - most recent fiscal year7,67,951.90
Asset turnover - most recent fiscal year0.70
Return on average equity - most recent fiscal year18.25
Return on investment - 5 year average19.70
Price & volume
Market Cap7,062.08
52 week Low Date30 Mar 2026
Price - 1 Day % Change1.70
Relative (S&P500) price percent change - 13 week9.76
Avg trading volume last 10 days0.64
Price - 13 week price percent change6.68
Price - 52 week price percent change−42.98
Avg Trading Volume Last 3 months57.58
Price - 5 Day % Change2.47
Price % Change Month To Date−4.67
Relative (S&P500) price percent change - 04 week−0.45
52 week High Date29 Oct 2025
Price - 26 week price percent change15.72
PDATE23 Sep 2026
Price - YTD price percent change−40.34
Relative (S&P500) price percent change - 52 week−37.44
NPRICE504.15
Relative (S&P500) price percent change - 26 week16.41
52 week Low401.05
52 week High1,041.95
Beta1.67
Relative (S&P500) price percent change - Year to Date−32.06
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
₹6.00
- Dividend yield1.19%
- Payout ratio28.41%
- 5-year average dividend₹3.95 a share
- Latest dividend₹6.00 per share · 17 Jul 2026
Corporate calendar
- MeetingAnnual General Meeting
- Dividend₹6.00 per share · 60% · Final dividend
- BoardQuarterly Results
- BoardAudited Results & Final Dividend
- BoardQuarterly Results
- MeetingPostal Ballot
- BoardQuarterly Results
- MeetingAnnual General Meeting
Show 13 older events
- Dividend₹5.00 per share · 50% · Final dividend
- BoardQuarterly Results
- BoardAudited Results & Final Dividend
- MeetingPostal Ballot
- BoardQuarterly Results
- BoardQuarterly Results
- MeetingPostal Ballot
- MeetingAnnual General Meeting
- Dividend₹4.00 per share · 40% · Final dividend
- BonusBonus issue in the ratio of 1:1 of Rs. 10/-.
- Dividend₹5.00 per share · 50% · Final dividend
- Dividend₹4.50 per share · 45% · Final dividend
- Dividend₹3.50 per share · 35% · Final dividend
About Newgen Software Technologies
Software & Programming
Newgen Software Technologies Limited is an India-based provider of a unified digital transformation platform with native process automation, content services, communication management, and artificial intelligence/machine learning (AI/ML) capabilities. Its NewgenONE platform offers a comprehensive suite of automation technologies that cover everything from task automation to content-rich, mission-critical applications, and complex workflow orchestration. Its NewgenONE capabilities include intelligent process automation, contextual content services, omnichannel customer engagement, low-code application development, data science, generative AI, integration ecosystem, and Agentic AI and Artificial Intelligence and Data Science. Its low code application development solution includes application studio and data model designer. It offers a range of Agentic AI, which include Marvin, Real-time, and LumYn. The Company's geographical segments include India, EMEA, APAC, and USA.
Key people
- Diwakar NigamExecutive Chairman of the Board, Managing Director
- Tarun NandwaniChief Executive Officer
- Tirumalai Sundaraja Iyengar VaradarajanExecutive Vice Chairman of the Board
- Arun Kumar GuptaChief Financial Officer
- Surender Jeet RajExecutive Vice President of Global Business Strategy and Human Resources
- Anand RamanExecutive Vice President, Chief Operating Officer of Newgen Software Inc
Company facts
- NSE symbolNEWGEN
- BSE code540900
- ISININE619B01017
- IndustrySoftware & Programming
- IndexNIFTY 500
- Market cap₹7,026 Cr
- Revenue (FY26)₹1,574 Cr
- Net profit (FY26)₹301 Cr
In the News
Recent headlines about Newgen Software Technologies — they open on Mint in a new tab.
- Top Gainers & Losers on 14 July: HCL Tech, Ceat, Swiggy, Anant Raj, Newgen Software Tech among top losers
Investor sentiment in India dipped on July 14, driven by rising crude oil prices amid US-Iran tensions, leading to market losses over 0.7%. Nifty Realty and PSU Bank were among the biggest losers, while Nifty Pharma performed positively despite overall market weakness.
14 Jul 2026 · 3 min read · Mint ↗ - Top Gainers & Losers on June 2: Newgen Software Tech, Concord Biotech, TCS, HFCL, NMDC among top gainers
On June 2, Indian stocks rebounded with benchmarks up over 0.5%, driven by technology shares. The Nifty 50 and Sensex closed at 23,506 and 74,692, respectively. However, India fell to seventh in global market capitalisation due to overseas selling and weak earnings growth.
2 Jun 2026 · 2 min read · Mint ↗
Stock data comes from the exchange feed via our data provider and may be delayed. It is for information only and is not a recommendation to buy or sell. See all stocks →
Frequently Asked Questions
Newgen Software Technologies (NSE: NEWGEN) last traded at ₹493.60 on the NSE, down 2.22% (₹11.21) on the day, as of 24 Sep 2026, 9:59 AM. On the BSE it was ₹493.00. The day's range was ₹490.45 – ₹504.80.
Newgen Software Technologies's 52-week high is ₹1,042.00 (29 Oct 2025) and its 52-week low is ₹401.05 (30 Mar 2026). At ₹493.60 the share is 52.6% below its high and 23.1% above its low.
Newgen Software Technologies's market capitalisation is ₹7,026 Cr (₹7,026 Cr). It is part of the NIFTY 500 index.
Newgen Software Technologies's P/E ratio (trailing 12 months) is 21.16. The sector average is 79.95, so investors pay 74% less for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹21.98.
Newgen Software Technologies shares are down 42.98% over the last year, down 40.34% so far this year, up 15.72% over 6 months, up 6.68% over 3 months. Over the last year the stock did 37.44% worse than the market.
In FY26 (year to Mar 2026), Newgen Software Technologies reported revenue of ₹1,574 Cr (up 5.89% on the year before) and a net profit of ₹301 Cr. Earnings per share were ₹21.24.
Yes. Newgen Software Technologies's latest dividend is ₹6.00 per share (60%, final dividend), with an ex-date of 17 Jul 2026. The dividend yield is 1.19%. It has paid 6 dividends in the records shown on this page.
Of 6 analysts covering Newgen Software Technologies, 4 are bullish (2 strong buy, 2 buy), 2 say hold and 0 are bearish. The consensus is Buy (average rating 2.00 on a scale where 1 is Strong Buy and 5 is Strong Sell). Analyst views are opinions, not a guarantee.
As of Jun 2026: Promoter 53.45%, FII 13.78%, MF 2.71%, Other 30.06%. Promoter holding fell by 0.07 percentage points from Mar 2026.
Newgen Software Technologies's listed peers in Software & Programming include Infosys, HCL Technologies, Tech Mahindra, LTM Ltd, Billionbrains Garage Ventures. By market capitalisation it ranks #6 of 6 in this group.