BENGALURU, May 11 -- Small Indian IT services firms are increasingly diverging in performance, as weak deal momentum and sharper competition reshape growth patterns across the sub-$1 billion revenue cohort.

Within the segment, revenue growth slowed in fiscal year 2026 (FY26) compared with the previous year, underscoring a widening gap between outperformers and laggards even as one company entered the $100 million revenue club.

Save for Sasken Technologies Ltd, which doubled its revenue last fiscal year on the back of its largest acquisition, Birlasoft Ltd and Cyient DET reported their second straight year of revenue decline. Mastek Ltd and Zensar Technologies Ltd grew at 3.1% each in FY26, slower than the 10.9% and 5.4% growth, respecti...