New Delhi, June 27 -- While global peer Accenture Plc is doubling down on cybersecurity, the sector appears to be on the backburner for Indian IT companies. This comes at a time when the rise of automation tools and sluggish demand for traditional tech services are otherwise forcing businesses to strengthen their cyber defences.

A Mint review of acquisitions reveals the stark gap: between 1 April 2020 and 24 June 2026, India's five largest IT services firms spent a combined $6.8 billion to acquire about 49 companies. Among them, Tech Mahindra Ltd executed the most transactions, with about 13 purchases, while Tata Consultancy Services Ltd completed the fewest, with just four.

Only two of these 49 buyouts by homegrown IT giants were pure-...