Nagarro

Nagarro SE is a German-headquartered digital engineering and IT services company that designs, develops, integrates, and maintains software and digital products for organizations whose requirements are not adequately served by standard off-the-shelf applications. Its work combines software engineering with consulting, cloud services, data and analytics, digital product development, and broader digital-transformation programs. The company serves clients across industries including automotive, energy, telecommunications, banking, insurance, public administration, media, and computer games. The business originated in New Delhi, India, in 1996. A team led by Manas Fuloria brought together two small companies and created a new venture under the Nagarro name. The company began with a small office and an engineering-oriented delivery model. The name was reportedly drawn from a word encountered in a Robert Ludlum book. Over time, Nagarro developed an international operating footprint and became associated with distributed software development and industry-focused digital engineering. A major ownership transition occurred in 2011, when German IT consulting group Allgeier SE acquired Nagarro. At that time, Nagarro was headquartered in Silicon Valley in the United States. Under Allgeier's ownership, the business continued to expand its international delivery and customer base. In 2020, Nagarro was separated from Allgeier in a spin-off and became an independently listed company on the Frankfurt Stock Exchange. Its capital-markets profile expanded when it entered the SDAX in June 2021 and the TecDAX in December 2021. Nagarro's principal proposition is the creation of tailored digital products and software platforms rather than the simple resale or implementation of standardized software. Its digital product engineering work can include product strategy, user experience, architecture, application development, modernization, quality engineering, cloud migration, cybersecurity-related engineering, and ongoing operation. The company also supports enterprise transformation projects involving data, artificial intelligence, automation, and connected systems, although the precise scope of services may vary by market and client engagement. The automotive sector is one of the company's prominent areas of activity, alongside energy and telecommunications. Its industry coverage also includes financial services, public-sector organizations, media companies, and game developers. This breadth allows Nagarro to position itself as a technology partner for organizations undergoing modernization, platform development, or the creation of digitally enabled products. In 2024, Nagarro had approximately 18,000 employees, with more than 13,000 located in India. Its remaining personnel were distributed across 36 countries in Europe, Asia, and North America. The company's international model combines engineering capacity in India and other delivery locations with client-facing and consulting operations across multiple regions. Nagarro remains an active public company headquartered in Munich. In June 2026, Persistent Systems announced a bid to acquire Nagarro for €1.1 billion, subject to the applicable transaction process and conditions. The announcement represents a potential change in ownership, but the available reference material does not establish that the transaction had completed.

Nagarro was established in 1996 in New Delhi, India, by a founding group led by Manas Fuloria. The founders combined two small companies and selected the Nagarro name for the new venture. The business started from a modest New Delhi office and developed around software engineering and technology services. The name was reportedly inspired by a word encountered in a Robert Ludlum novel. During its early development, Nagarro built an international orientation around software delivery and digital engineering. By the time of its acquisition in 2011, the company was headquartered in Silicon Valley in the United States. That year, German IT consulting company Allgeier SE acquired Nagarro, bringing it into a larger technology-services group. The acquisition provided a corporate platform for further expansion while Nagarro continued to operate as a specialist software and digital-services business. Under Allgeier's ownership, Nagarro broadened its international customer and delivery footprint. Its work increasingly centered on building and implementing software for situations in which standard commercial software did not meet a client's operational or industry requirements. The company later described this model through the concept of digital product engineering: combining consulting, product design, software development, integration, testing, and ongoing technology support. In 2020, Nagarro was spun off from Allgeier SE and listed independently on the Frankfurt Stock Exchange. The transaction marked a significant change from being a unit within a German IT group to operating as a separately traded company. Nagarro's profile in the German equity market grew further when it was admitted to the SDAX in June 2021 and then to the TecDAX in December 2021. The company's business covers custom software and digital products, cloud and modernization work, data and analytics, and digital-transformation services. Its principal industry relationships include automotive, energy, and telecommunications companies. It also works with financial institutions, insurers, public administrations, media businesses, and computer-game developers. This sector range reflects a strategy of applying software engineering and consulting capabilities to complex operational and customer-facing problems rather than concentrating on one packaged software category. Nagarro's operating model is international and distributed. In 2024, the company had approximately 18,000 employees, including more than 13,000 in India. Other employees were located across 36 countries in Europe, Asia, and North America. India has remained an important engineering and delivery base, while the company's German headquarters and other international locations support client engagement, consulting, and regional operations. In June 2026, Persistent Systems announced a proposed bid to acquire Nagarro for €1.1 billion. The announcement introduced a possible new ownership phase for Nagarro, but the available reference material does not state that the transaction had closed. Nagarro is therefore described here as an active public company, with the acquisition treated as a proposed transaction rather than a completed change in control.

1. 2026Persistent Systems announces a proposed acquisition

   Persistent Systems announces a bid to acquire Nagarro for €1.1 billion; completion is not established in the available material.

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2. 2021Nagarro enters the SDAX

   Nagarro is included in the SDAX index in June.

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3. 2021Nagarro enters the TecDAX

   Nagarro is included in the TecDAX in December.

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4. 2020Nagarro becomes an independent listed company

   Nagarro is spun off from Allgeier SE and listed on the Frankfurt Stock Exchange.

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5. 2011Allgeier acquires Nagarro

   German IT consulting company Allgeier SE acquires Nagarro, which at the time is headquartered in Silicon Valley.

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6. 1996Nagarro is founded in New Delhi

   A team led by Manas Fuloria establishes Nagarro in New Delhi after combining two small companies.

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A globally distributed, engineering-led digital services partner focused on custom software, digital products, and transformation programs for industry clients.

• Digital product engineeringDigital engineering service

  Nagarro's core digital product engineering work covers the creation and evolution of software products and platforms when standardized market software is insufficient. Engagements may span product strategy, architecture, user experience, application development, integration, testing, deployment, and ongoing improvement. The service is designed for organizations seeking software tailored to industry processes, customer experiences, or connected products.

• Cloud and application modernizationCloud services

  Nagarro provides technology services intended to help clients move, modernize, and operate applications and digital platforms in cloud environments. This work can include modernization of legacy systems, cloud-native development, platform integration, and engineering support. It forms part of the company's broader digital-transformation offering rather than a separately identified packaged software product.

• Data and analytics solutionsData and analytics

  Nagarro's data and analytics services support the design and implementation of data platforms, reporting environments, analytical applications, and related digital capabilities. These services are used within transformation programs and industry-specific software initiatives. The available reference material identifies data and analytics as a flagship area but does not provide a single standardized product name.

• Custom enterprise softwareSoftware development

  Nagarro develops and implements bespoke enterprise software for organizations whose requirements are not fully addressed by commercial standard applications. Projects can support operational systems, customer-facing services, industry workflows, and integrated digital platforms. The work is delivered as consulting and engineering services rather than as one universal Nagarro-branded software package.

• 2026Proposed acquisition by Persistent SystemsM&A

  Persistent Systems announced a proposed bid for Nagarro as part of a potential expansion of its digital engineering business.

  What changed. Persistent Systems announced an offer valued at €1.1 billion for Nagarro.

  Aftermath. The available reference material does not confirm whether the transaction was completed, so it is recorded as a proposed acquisition.

  Proposed acquisition value. €1.1 billion (Announced June 2026; transaction completion not confirmed)

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• 2020Spin-off from Allgeier and independent listingM&A

  Nagarro had operated within Allgeier SE after the 2011 acquisition. In 2020, the business was separated from its parent group and prepared for independent public trading.

  What changed. Nagarro was spun off from Allgeier SE and listed on the Frankfurt Stock Exchange.

  Aftermath. The transaction established Nagarro as an independently listed German technology company and preceded its inclusion in the SDAX and TecDAX.

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• 2026Persistent Systems announces a bid for Nagarro

  Indian digital engineering company Persistent Systems announced a proposed acquisition of Nagarro for €1.1 billion. The available material does not confirm completion of the transaction.

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• 2021Nagarro joins the SDAX index

  Nagarro was included in the SDAX index in June 2021 following its public listing and development as an independent company.

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• 2021Nagarro joins the TecDAX index

  Nagarro entered the TecDAX in December 2021, expanding its representation among German technology-focused listed companies.

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• 2020Nagarro is spun off from Allgeier and listed on the Frankfurt Stock Exchange

  Nagarro became an independent publicly traded company after being separated from German IT consulting group Allgeier SE.

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1. Nagarro
2. Nagarro official website