Best Mid Cap IT Stocks to Invest in India for 2025

Introduction 

The IT industry in India is booming. The export earnings of the IT industry were $199 billion for FY24. Infosys, TCS, and Wipro have made India the leading IT exporter country and this has given the IT big shots the status of world-class IT companies. 

However, according to Nasscom, incremental revenues have fallen from $19 billion in FY23 to $9.3 billion in FY24. Technology deals are down globally, cutting IT spending by 6 percent in 2023. Now they are focused on higher growth segments of the cloud, AI, big data and analytics, engineering services, etc. Now, we can talk about the best midcap IT stocks that can benefit from such opportunities as India plans to become a $5 trillion economy by 2026.

Also Read: Top Renewable Energy Stocks to Invest in India for 2024

List of Top Mid Cap IT Stocks

Midcap IT companies are better placed to leverage new technologies such as cloud computing, AI, and digital transformation, making the investment option risky but with high returns. 

These stocks are expected to perform better in 2025 because the demand for technology solutions is high globally. Identifying the best midcap IT stocks is a real value-addition for your investment portfolio.

NOTE: The stocks mentioned below are listed and arranged on the basis of market capitalization. The financial fundamentals are as of 21st March 2025.

Serial Number	Company Name
1	Firstsource Solutions Ltd.
2	Affle (India) Ltd.
3	Zensar Technologies Ltd.
4	Tejas Networks Ltd.
5	Birlasoft Ltd.
6	Intellect Design Arena Ltd.

1. Affle (India)

Affle (India) Limited is a technology company that deals with mobile advertising. It assists companies in targeting consumers through ads on mobile devices and offers tools for improved consumer relations. Affle’s platforms assist brands in establishing and understanding their target market via advertising and digital solutions. 

It benefits both web-based and traditional businesses through the provision of efficient methods of reaching mobile users and stimulating their engagement and buying.

2. Firstsource Solutions

Firstsource Solutions specializes in business process outsourcing and customer relationship services. Some of its service providers are the banking, healthcare, and media sectors. 

Technology enables Firstsource Solutions to provide better customer services and better organizational outcomes.

3. Tejas Networks

Tejas Networks is a company that deals with the design and production of technologies. These technologies are used in the communication networks to support internet and phone networks. Its products help to enhance voice, video, and data connections. 

Tejas has a wide range of customer bases, including government and defense departments. Therefore, the products and services delivered by Tejas are reliable.

4. Zensar Technologies

Zensar Technologies has several IT solutions that help organizations to manage their operations with little risk. It is mainly concerned with software development and improvement, cloud services management, and improvement of security measures. 

Zensar serves various sectors from retail to insurance industries. The company also helps them in managing their online presence. 

5. Birlasoft

Birlasoft Limited is an IT solution provider company that provides business solutions. It provides business solutions like analysis, computing, and robotics to improve operations. Birlasoft specializes in offering services related to customer relations, supply chain, and product life cycle. The company deals with various industries from automobile to banking. Birlasoft helps them embrace new technologies for better performance and development.

Also Read: How to Expand Your Portfolio with International Investments

6. Intellect Design Arena

Intellect Design Arena is an IT solution and service company. It operates in the banking and financial services domain. It provides services related to Artificial Intelligence to enhance the banking process and experience. 

Intellect offers products that are relevant to a wide range of banking processes and enable banking companies to provide seamless and efficient customer experiences.

Interesting Read: Equity vs Preference Shares: What You Need to Know

Conclusion 

This blog provides an idea about the dynamic IT sector of India and provides a list of midcap stocks that may gain from such trends as AI, cloud, and digital. 

However, these stocks can have high risks that investors should consider. 

FAQs

1. Which stocks are going to rise in 2025?

In 2025, the stocks of companies offering renewable energy, AI, and infrastructure solutions are forecast to rise. This happens because of technology development and sustainable development activities. Affle and Firstsource are among these stocks that offer digitisation and automation that are important to the technological advancement of the global economy.

Additionally, segments like the consumer discretionary and financial services categories will experience growth because of the growing need for new products and deeper finance. 

2. Which is the best mid-cap technology stock in India?

According to your risk appetite, we can determine the best mid cap technology stocks in India. But, if we take an overall view, one of the strong players in technology that works in the defence and government sector is Tejas Networks. This company is an interesting contender among the top midcap IT stocks. Affle (India) is another strong contender in this space with their innovative mobile advertising solutions. We have both companies in our strong picks in India’s dynamic IT landscape, and they are well-placed to leverage growth in AI, cloud computing and digital transformation.

3. Which is the richest IT company in India?

India’s economy is still driven by the IT market in 2025. While TATA Consultancy Services is the richest and a giant in the industry, midcap IT companies are creating a niche in high growth areas like AI, cloud computing and digital transformation. Midcap IT is an exciting space, even as global IT spending is being cut because companies like Tejas Networks and Affle (India) are using these technologies to drive innovation and grow their market reach.

4. Which IT sector is booming?

The IT sector continues to experience robust growth, particularly in areas like cloud computing, artificial intelligence (AI), cybersecurity, and data analytics. As businesses increasingly rely on digital transformation, cloud services have become essential, driving the demand for scalable storage solutions and computing power.

Additionally, cybersecurity remains a high priority as cyber threats grow more sophisticated. With rising concerns about data privacy and security, companies are investing heavily in advanced cybersecurity solutions, fueling job growth in this area.

5. Why invest in mid-cap IT stocks in India?

If you’re looking to get both the lower risk and the higher profit rate, then having mid-cap stocks in your portfolio is quite beneficial. Small-cap stocks tend to be more volatile than mid-cap stocks and have less growth potential than large-cap stocks. The ones usually are at the expansion stage and are ideal for long-term investment. They should therefore research the company and the industry it operates in before investing.

6. Which is the best IT stock to buy in India?

The top three IT companies as per market capitalisation are TATA Consultancy Service. Infosys and HCL. These three companies are the pioneers and lead the IT revolution of India. The companies enjoy a strong market dominance. Their scale ensures competitive advantage over the long run through resource adequacy for continued innovation. Continued innovation is the key to lasting success in the Information Technology sector.

7. What are the best mid-cap stocks in India?

The IT sector is involved in the cut-throat innovations of tomorrow, working closely with the modern concepts of artificial intelligence, cloud computing, machine learning and much more. In such a scenario mid-cap IT stocks provide a blend of scale and flexibility. Unlike start-ups and small-scale companies, they have experience and historical records. The top three mid-cap IT stocks are Affle, Firstsource Solutions and Tejas.

8. What are the benefits of investing in mid-cap IT stocks?

The Information Technology attempts at answering the questions of the future. Therefore, an industry like IT might help investors and traders optimise their portfolio for the future changes. The mid-cap IT stocks provide a blend of scale and flexibility. Unlike start-ups and small-scale companies, they have experience and historical records. The top three mid-cap IT stocks are Affle, Firstsource Solutions and Tejas.

9. What are the risks associated with investing in mid-cap IT stocks?

Generally speaking, a company’s transition from small-cap to large-cap status is a testament to its increasing production and profitability. This requirement, however, might not be applicable to all Indian mid-cap companies. Compared to their large-cap counterparts, mid-cap stocks are more volatile and carry larger risks, making them less appropriate for investors who are risk averse. Typically, mid-cap firms have limited operational and financial resources.

10. How do I invest in mid-cap IT stocks in India?

Investors and traders can invest in mid-cap IT stocks through the stock exchanges like NSE and BSE. The investors can also take the help of brokers and financial institutions. Moreover, technical and fundamental analysis can help investors make the right decision. Technical analysis refers to the analysis of stock market performance. However, fundamental analysis takes a look at the financial statements. Optimum portfolio diversification is necessary to ensure sustained profits.

11. How do I choose the best mid-cap IT stocks to invest in?

Investors can use technical and fundamental analysis to assist them make the best choice. Technical analysis is the study of the performance of the stock market. On the other hand, financial statements are examined using basic analysis. A well-diversified portfolio is essential for long-term success. Moreover, comparison with industry standards and peer performance can help choose the right stocks.

12. Which mid-cap IT companies are listed in India?

The IT companies are continuously evolving and support the digital aspirations of India. Both mid and large cap stocks IT stocks are listed in the Indian stock market. The top three mid-cap IT stocks are Affle, Firstsource Solutions and Tejas. The top three IT companies as per market capitalisation are TATA Consultancy Service. Infosys and HCL. Investors can use technical and fundamental analysis to assist them make the best choice.