The technology sector in India experienced a strong rebound in Merger and Acquisition (M&A) transactions in 2025, hitting a three-year peak with the aggregate deal value projected at US$26 billion to US$29 billion, marking a significant rise of nearly 30% from the estimated US$20 billion in the prior year 2024, according to data from EY. The tech behemoths are progressively turning to mergers and acquisitions (M&A) to strengthen their capabilities and ventures into different areas. The trend of consolidation is evident in both the quantity and worth of transactions, showing 15 deals exceeding US$500 million this year, compared to just five in 2024, reflecting the confidence of Strategic and PE purchasers. The importance of marquee-sized deals is evident in the acquisition of Capgemini by Indian BPO company WNS for US$3.3 billion, alongside Tata Consultancy Services’ largest transaction valued at US$700 billion. Mid-market companies such as Coforge executed substantial actions by acquiring the AI and cloud company Encora for a total of US$2.35llion. The vendor Consolidation and pricing is creating conducive environments for deal activities in 2026, as the technology industry stakeholders in India aim to capitalise on the worldwide opportunity.