Company overview
- Sector
- Technology, Software & IT Services
- Sub-sector
- Information Technology & Services
- Mandate (derived)
- Technology & Engineering
- Parent headquarters
- Munich, Bavaria, Germany
- Parent revenue (USD)
- $1,200,000,000
- Parent headcount
- 13,247
- India headcount
- Not disclosed
GCC locations
- Gurugram
- Bengaluru
Department mix
Global department counts, used as a proxy for the India mandate. These are not India team counts.
Technology stack
- .NET
- 24-7 Media
- 3M 360 Encompass - Health Analytics Suite
- ABAP
- AC500 PLC
- ACL
- ADP Applicant Tracking System
- ADP Payroll
- AI
- AMP
- ANGEL LMS
- API Gateway
- ASP.NET
- AVEVA Historian
- AVEVA MES
Public leadership
Noritaka Wakuda
Managing Director
Public leadership listed in the dataset; the role is not necessarily the India GCC head.
Research overview
Nagarro SE is a Munich, Germany-headquartered digital product engineering and technology services firm, founded in 1996 in New Delhi, India, later spun off from German IT group Allgeier SE, listing independently on the Frankfurt Stock Exchange on 16 December 2020. Reported FY2025 revenue of about €999.3 million (~$1.1-1.2B) and roughly 18,700 employees across 39 countries. In June-August 2026, Nagarro's boards agreed to and recommended a EUR 81/share voluntary takeover offer from India's Persistent Systems, creating a combined ~$2.9B AI-led engineering company with 46,000+ employees, expected to close around Q1 2027.
- India launch
- 1996
- Maturity
- Multi-Function / Full-Stack GCC
India functions as Nagarro's primary global engineering and delivery engine - it houses the majority of global headcount and performs full-stack digital product engineering, AI/data, SAP, consulting, and client delivery work across all service lines, not a narrow captive or shared-services scope.
Location rationale
Nagarro's India presence is the company's founding home and demographic core: founded in New Delhi/NCR in 1996, over 13,000 of its ~18,700 global employees are based in India, primarily in Gurugram (NCR) and Bengaluru - anchoring Nagarro's global digital engineering delivery model rather than a captive back-office for a separate foreign parent.
Timeline
- 1996
Nagarro founded in New Delhi, India by a team led by Manas Fuloria (merger of two small companies).
- 2020-12-16
Nagarro SE spins off from Allgeier SE and debuts as an independent, publicly listed company on the Frankfurt Stock Exchange.
- 2021-06-15
Nagarro joins the SDAX index.
- 2021-12-06
Nagarro joins the TecDAX index.
- 2026-04-16
Nagarro appoints Prateek Aggarwal (ex-CFO of HCLTech and Hexaware Technologies) as CFO and Management Board member, effective 1 May 2026.
- 2026-06-26
Persistent Systems and Nagarro sign a Business Combination Agreement; Persistent launches a voluntary public takeover offer at EUR 81/share (~140% premium).
- 2026-08-14
Nagarro's Management Board and Supervisory Board recommend shareholders accept Persistent's takeover offer.
Leadership context
Nagarro operates a distributed, non-hierarchical 'Custodian' governance model. As of mid-2026 its Management Board comprises: Manas Fuloria (co-founder, 'Custodian of Entrepreneurship'), Vikram Sehgal (co-founder, 'Custodian of Operational Excellence'), Annette Mainka ('Custodian of Regulatory Compliance'), and Prateek Aggarwal (CFO). No individual named 'Noritaka Wakuda' appears on Nagarro's Management Board, Supervisory Board, or in its press materials.
Hiring signal
- Open roles
- Not disclosed
- As of
- 2026-08-26
News and developments
Persistent and Nagarro sign Business Combination Agreement
Persistent Systems and Nagarro signed an agreement under which Persistent will make a voluntary public takeover offer for all Nagarro shares at EUR 81 per share (~140% premium), creating a ~$2.9B AI-led engineering company with 46,000+ employees.
2026-06-26 Nagarro Newsroom ↗
Nagarro Management Board and Supervisory Board recommend acceptance of the voluntary public takeover offer by Persistent
Nagarro's boards formally recommended shareholders accept Persistent's EUR 81/share takeover offer; acceptance period runs to 17 September 2026, closing expected around Q1 2027.
2026-08-14 Nagarro Newsroom ↗
Nagarro appoints new CFO to drive financial excellence
Nagarro named Prateek Aggarwal, previously CFO at HCLTech and Hexaware Technologies, as CFO and Management Board member effective 1 May 2026.
2026-04-16 Nagarro Newsroom ↗
Sources
Sources and research notes
Source: Indian GCC 2026 Master Compendium, Company Master and research records. Sector, mandate and public leadership are derived fields. Missing values are shown as not disclosed. Revenue and global headcount describe the parent company, not the India centre.