Nagarro Software AB
- Headquarters
- Stockholm, Sweden
- joydeep@nagarro.com
- Phone
- +46 767 775 444
Nagarro Software AB is the Swedish subsidiary of Nagarro SE, a global digital engineering and AI transformation company headquartered in Munich, Germany. The parent group was founded in 1996 in New Delhi, India, and has grown into a publicly traded firm with approximately 18,000 employees across 38 countries. Nagarro Software AB, based in Stockholm, represents the group's Nordic operations, delivering core services such as AI-led digital product engineering, enterprise modernization, cloud solutions, and data analytics to clients in Sweden and the broader European market. The group's proprietary "Fluidic Intelligence" framework embeds AI into client processes to achieve measurable performance improvements of at least 20%. Nagarro serves industries including automotive, telecommunications, energy, banking, insurance, and public administration. In June 2026, Persistent Systems announced a €1.1 billion acquisition of Nagarro, aiming to create a combined entity of over 46,000 employees. The Swedish subsidiary continues to operate under the group's global delivery model, supporting local clients with a small team while leveraging the parent's extensive resources and delivery network.
Detailed Review
History and Founding
Nagarro began in 1996 as a small custom-software firm in New Delhi, founded by a team led by Manas Human (then Manas Fuloria) along with Vikram Sehgal, Vikas Sehgal, Manmohan Gupta, and Priya Jadhav. The name "Nagarro" was taken from a Robert Ludlum novel. Early clients were German automotive and industrial firms, shaping the company's engineering-centric focus. In 2011, Nagarro was acquired by Allgeier SE, a German IT consulting group, and was spun off in December 2020 to list on the Frankfurt Stock Exchange. The Swedish subsidiary, Nagarro Software AB, was established later, with employee profiles indicating operations from at least 2016.
Business Model and Services
Nagarro's core business is digital product engineering—designing, building, and modernizing custom software where off-the-shelf solutions are insufficient. The company operates through a decentralized, agile structure with over 30 delivery centers globally, the largest concentration in India. Service lines include AI transformation (Fluidic Intelligence), cloud-native development, IoT/wearables, intelligent automation, CRM/ERP implementation, independent testing, and managed IT services. Revenue grew from €430 million in 2020 to over €1 billion by 2023, and in 2025 it reported €999.3 million.
Key Products and Platforms
Nagarro's flagship platform is Fluidic Intelligence, an AI transformation framework that embeds intelligence into client flows to reduce friction and deliver at least 20% performance uplift. Other offerings include digital engineering, AI and data analytics, IoT and wearables, intelligent automation, CRM/ERP services (Salesforce, SAP, Microsoft Dynamics), cloud services (AWS, Azure, Google Cloud), and independent testing and validation.
Market Position and Competition
Nagarro competes with large IT services firms like Infosys, Wipro, and Capgemini, as well as niche digital engineering firms. Its strength lies in its engineering heritage, decentralized culture ("Nation of Nagarrians"), and focus on AI-led transformation. The Persistent Systems acquisition, announced in June 2026 for €1.1 billion, positions the combined entity as a ~$2.9 billion AI-led engineering powerhouse with 46,000+ employees across 40+ countries.
Recent Developments
In 2026, Nagarro appointed Prateek Aggarwal as its first dedicated CFO. The Persistent deal, supported by Nagarro's management board, is expected to close pending regulatory approvals, with Persistent intending to delist Nagarro from the Frankfurt exchange. Nagarro Software AB continues to serve Nordic clients under the group's global delivery model.
Key Products
Independent Testing & Validation
Quality assurance, automated testing, and performance engineering services.
Fluidic Intelligence
An AI transformation framework that embeds intelligence into client flows (people, processes, systems) to reduce friction and deliver measurable performance gains of at least 20% uplift.
Digital Engineering
End-to-end custom software development and modernization services, including cloud migration, microservices, API-led connectivity, and legacy system overhaul.
AI & Data Analytics
Machine learning model development, data engineering, predictive analytics, and AI-enabled automation for enterprise use cases.
IoT & Wearables
Connected device solutions, including assisted reality (AR/VR) for field service, manufacturing, and logistics.
Intelligent Automation
Robotic process automation (RPA), intelligent document processing, and workflow orchestration.
CRM & ERP Services
Implementation, customization, and managed services for platforms such as Salesforce, SAP, and Microsoft Dynamics.
Cloud Services
Cloud strategy, migration, and managed services across AWS, Azure, and Google Cloud.
Key Persons
- Manas Human
Co-founder & Chief Executive Officer (CEO)
- Prateek Aggarwal
Chief Financial Officer (CFO) & Member of the Management Board