New Delhi, June 30 -- The country's mid-sized IT services firms, earning between $1-2 billion in revenue, are expected to do more business than their larger peers in the current fiscal, making it a first since the turn of the century. The hack is simple: acquisitions.

At least three experts have said Indian IT's mid-caps are also expected to acquire more companies than their larger peers to scale quicker as the rise of automation raises concerns regarding their relevance and threatens to eat into their revenue.

Three of the country's seven mid-sized information technology (IT) services companies which have closed acquisitions in the first three months of the financial year are expected to add $647 million in new business this fiscal.

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