No, Nagarro SE is not a product-based company but a German service-based company in the information technology sector. Originally founded in the year 1996, the current company was established as a spin-off of Allgeier SE. Nagarro specialises in IT services and digital product engineering services for a number of industries, including automotive, telecommunications, energy, banking, gaming and entertainment, insurance and life sciences.
Nagarro was listed on the Frankfurt stock exchange in December 2020. It was included in the SDAX index in June 2021 and TecDAX of Deutsch Borse in December 2021.
Here is a quick overview of Nagarro
| Details | Info |
| Founded | 1996 |
| Founder | Manas Human, Vikram Sehgal, Manmohan Gupta |
| Headquarters | Munich, Germany |
| CEO | Manas Human |
| Industry | IT Services |
| Services | Digital product engineering, software development, AI, IT consulting, cloud services and more |
| Number of Employees | 17,700 |
| Official Website | www.nagarro.com |
Company History
Nagarro SE traces its origins to the year 1996 when it was founded as a software development and IT services company in India by Manas Human, Vikram Sehgal and Manmohan Gupta. Throughout the 1990s and the 2000s, the company focused on custom software development and other IT services, serving clients in North America, Europe and Asia.
Nagarro was acquired by Allgeier SE, a German IT holding company, in the year 2011. By the year 2016, the company had expanded significantly in terms of operations, revenue and employee strength. In the year 2020, Nagarro was spun off from Allgeier SE as a separate entity named Nagarro SE. The company crossed $1 billion in revenue in 2023.
Current Status
Nagarro provides technology-led services to clients across industries. The services include customized software development, digital product engineering, IT consulting, cloud services, AI solutions and application modernisation. The company emphasises on fluidic intelligence, which is an AI-native approach that promises at least 20% uplift in productivity by eliminating friction between people, data and decisions.
Nagarro has become an OpenAI service partner for industrial-scale AI adoption. The company operates in 39 countries worldwide, with an employee base of 17,700.
Future Outlook
Nagarro SE is well positioned for a steady and profitable growth in the coming years, driven by its focus on AI-native transformation, cloud modernisation, high-value digital engineering services and strategic partnerships.
