ER&D services companies face headwinds, growth slowest in four fiscal years

February 10, 2025

, By The Economic Times

ER&D services companies face headwinds, growth slowest in four fiscal years

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Growth in India’s engineering and research & development (ER&D) services companies could slow to a four-year low by the end of this fiscal, data sourced by ET shows.After an accelerated double-digit growth trajectory, companies such as KPIT Technologies, Tata Elxsi and HCLTech’s ERD business are projected to close the ongoing fiscal year with an aggregate growth rate of about 8%. This follows a curve of higher growth in FY22, FY23 and FY24 at 19.7%, 20.7% and 11.8%, respectively, according to data and information platform EIIRTrend.

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ER&D services companies face headwinds, growth slowest in four fiscal years

February 10, 2025

, By The Economic Times

ER&D services companies face headwinds, growth slowest in four fiscal years

Growth in India’s engineering and research & development (ER&D) services companies could slow to a four-year low by the end of this fiscal, data sourced by ET shows.After an accelerated double-digit growth trajectory, companies such as KPIT Technologies, Tata Elxsi and HCLTech’s ERD business are projected to close the ongoing fiscal year with an aggregate growth rate of about 8%. This follows a curve of higher growth in FY22, FY23 and FY24 at 19.7%, 20.7% and 11.8%, respectively, according to data and information platform EIIRTrend.

A large part…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

OpenAI CEO Sam Altman admits that AI’s benefits may not be widely distributed

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Jio AirFiber’s Annual 100 Mbps Plan is Everything an Average User Needs

The Economic Times

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