Nagarro

Nagarro SE
Nagarro SE
Type	Societas Europaea
Traded as	SDAX
ISIN	DE000A3H2200
Industry	IT services
Founded	1996; 30 years ago; in New Delhi, India
Headquarters	Munich, Germany
Revenue	€1 billion (2023)
Number of employees	17,695 (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.

History

Nagarro was founded in 1996 in New Delhi, India, by a team led by Manas Fuloria. Fuloria 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.

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.

In 2020, the company was spun-off from Allegier SE and listed on the Frankfurt Stock Exchange. Nagarro was included in the SDAX index in June 2021 and in the TecDAX of Deutsche Börse in December 2021.

In June 2026, Indian digital engineering company Persistent Systems announced its bid to acquire Nagarro for €1.1 billion.

Products and sectors

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. 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.

Personnel and locations

In 2024, Nagarro had around 18,000 employees, of which over 13,000 were in India. Its other employees were spread across 36 countries in Europe, Asia and North America.

Finances

The key trends for Nagarro SE are, as of each financial year:

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

1 2 3 "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.
1 2 "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.
↑ Gandharv, Kumar. "Persistent uses Nagarro acquisition to strengthen Europe, ERP and CX capabilities in USD 2.9 billion AI play". www.crnasia.com. Retrieved 2026-09-16.
↑ "Persistent Systems to acquire Nagarro; combined entity to generate $2.9 billion in annualised revenue". The Economic Times. 2026-06-27. ISSN 0013-0389. Retrieved 2026-09-16.
↑ "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.

External links

Global website of Nagarro

[TOI2024-1] 1 2 3 "Nagarro's revenue hits 1 billion dollar mark". The Times of India. 17 April 2024. Retrieved 30 June 2026.

[gb2024-2] "Geschäftsbericht 2024" (PDF). Retrieved 2026-02-25.

[:0-3] 1 2 "Abspaltungen: Mehrwert durch Trennung - spannende Investmentideen aus Spin-Offs". Börse Online (in German). 19 April 2021. Retrieved 2021-09-21.

[4] Phadnis, Shilpa (28 June 2026). "Human, face behind $1bn German IT company Nagarro". The Times of India. Retrieved 30 June 2026.

[5] 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.

[6] Große, Christopher (14 July 2011). "Allgeier continues to drive international expansion". Allgeier SE. Retrieved 30 June 2026.

[7] "Abspaltung (Spin-Off) Nagarro SE". Retrieved 2021-09-21.

[8] "Marktbericht: Zwischen Zinssorgen und Steuerhoffnungen". tagesschau.de (in German). Archived from the original on 2021-08-04. Retrieved 2021-09-21.

[9] Mishra, Lalatendu (27 June 2026). "Persistent to acquire German digital engineering firm Nagarro for €1.1 billion". The Hindu. Retrieved 30 June 2026.

[10] Gandharv, Kumar. "Persistent uses Nagarro acquisition to strengthen Europe, ERP and CX capabilities in USD 2.9 billion AI play". www.crnasia.com. Retrieved 2026-09-16.

[11] "Persistent Systems to acquire Nagarro; combined entity to generate $2.9 billion in annualised revenue". The Economic Times. 2026-06-27. ISSN 0013-0389. Retrieved 2026-09-16.

[12] "Nagarro will im Dezember an die Börse" (in German). 2020-11-13. Retrieved 2021-09-21.

[13] Nagarro. "Branchen" (in German). Retrieved 2021-09-21.

[14] "Nagarro startet als eigenständig börsennotiertes Unternehmen - dgap.de". Retrieved 2021-09-21.

[15] Nagarro. "Über uns | IT Beratung & Services | Nagarro". www.nagarro.com. Retrieved 2024-03-17.

[16] "Nagarro SE Umsatz, Kennzahlen, Bilanz/GuV". finanzen.net.