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From Web2 to Web3: India’s IT Giants Quietly Move Up the Blockchain Stack
India’s largest Information Technology (IT) companies, Tata Consultancy Services (TCS), Infosys, Tech Mahindra, and Wipro, have quietly shifted their focus from traditional outsourcing services to blockchain infrastructure. This strategic pivot will likely reshape the country’s export engine.
It was only a matter of time before India’s IT giants recognized the untapped potential in Web3. The sector has witnessed exponential growth, with NASSCOM pegging average billing for blockchain architects at 1.6 times traditional Java rates. As these firms continue to evolve and expand their services, it is crucial that regulatory frameworks align with the pace of innovation.
These companies have been quietly strengthening their digital-asset divisions, which now secure global contracts in tokenized settlement systems and central bank digital currencies (CBDCs). The Central Bank of Nigeria confirmed in January 2025 that Infosys’ Finacle middleware now powers offline e-Naira wallets for feature phones, after a six-month pilot in rural Kaduna.
Source: Blockchain.News
