3 Business Process Management Firm, Product Engineering Services Provider and IT Consulting Group Stocks With a Strong Future Roadmap: Firstsource Solutions, Tata Technologies and LTM

Firstsource Solutions, Tata Technologies and LTM: ROE of 17.1% to 20.2% and FY22 to FY26 revenue CAGR of 12.2% to 12.7%. Prices as of 28 Oct 2026.

Updated: 29 Oct 2026 • 12:31 pm

Posted by:

3 Business Process Management Firm, Product Engineering Services Provider and IT Consulting Group Stocks With a Strong Future Roadmap: Firstsource Solutions, Tata Technologies and LTM

Quick Answer

The three business process, engineering and IT consulting to watch are Firstsource Solutions, Tata Technologies and LTM. Their return on equity ranges from 17.1% to 20.2%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.2% to 12.7%. LTM has the highest return on equity at 20.2%, while Firstsource Solutions has the fastest revenue growth at 12.7% a year. Prices are based on the 28 October 2026 close, and this article is educational, not investment advice.

Business process, engineering and IT consulting let investors follow companies that serve a growing part of the Indian economy. Firstsource Solutions, Tata Technologies and LTM cover a business process management firm, a product engineering services provider and an IT consulting group.

This list covers three business process, engineering and IT consulting with complete current figures: Firstsource Solutions, Tata Technologies and LTM. Every figure comes from the latest reported financials and the 28 October 2026 market close. Companies without complete current figures were left out.

Click Here – Get Free Investment Predictions

Table of Contents

What Are Business Process, Engineering and IT Consulting?

Business process, engineering and IT consulting are listed companies that run customer service and back office operations for global clients, provide product design and engineering support to vehicle and industrial makers and deliver consulting, cloud and digital services. Their earnings depend on client programmes, deal wins and currency.

Business Process, Engineering and IT Consulting at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
Firstsource Solutions	307.95	19,489	29.1	17.5	17.1	0.67
Tata Technologies	653.55	27,979	49.7	17.9	17.1	0.29
LTM	4,104	120,479	23.2	17.6	20.2	0.09

On valuation, all three trade at a P/E above their industry P/E, which reflects the growth the market already expects from them. Readers comparing business process, engineering and IT consulting should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Business Process, Engineering and IT Consulting Have a Strong Roadmap in India?

Business process, engineering and IT consulting have a strong roadmap in India because growing outsourcing of customer operations, rising engineering work in electric and connected vehicles and steady digital spending by large clients keep widening the market for these services firms.

Customer operations. Banks and telecom firms outsource service work.
Vehicle engineering. Electric and connected models need design support.
Digital deals. Large clients sign multi year technology contracts.

Why Firstsource Solutions Features Among These Business Process, Engineering and IT Consulting

Among the business process, engineering and IT consulting on this list, Firstsource Solutions, an RPG group company, is a business process management firm serving banks, healthcare payers and providers, and other clients, mainly in the United States and the United Kingdom.

The company has a return on equity of 17.1%, a debt to equity ratio of 0.67 and a market capitalisation of Rs 19,489 crore. The stock trades at a P/E of 29.1, above the industry P/E of 17.5.

Revenue rose from Rs 5,922 crore in FY22 to Rs 9,564 crore in FY26, a compound annual growth rate of 12.7%. Net profit grew from Rs 537 crore in FY22 to Rs 674 crore in FY26, which works out to a compound annual growth rate of 5.9%. In the June 2026 quarter, revenue grew 22.8% year on year to Rs 2,731 crore.

Roadmap: It is growing in healthcare and mortgage services, pursuing larger deals and using artificial intelligence to improve productivity. Longer contracts with large clients give it visibility on revenue.

What to watch: Follow contract wins in healthcare and the pace of new technology investments.

Why Tata Technologies Features Among These Business Process, Engineering and IT Consulting

Among the customer operations, product engineering and technology services shares on this list, Tata Technologies provides product engineering and digital services to global automotive, aerospace and industrial companies, and it also runs a training and technology education business.

Revenue rose from Rs 3,578 crore in FY22 to Rs 5,680 crore in FY26, a compound annual growth rate of 12.2%. Net profit grew from Rs 437 crore in FY22 to Rs 547 crore in FY26, which works out to a compound annual growth rate of 5.8%.

The company has a return on equity of 17.1%, a debt to equity ratio of 0.29 and a market capitalisation of Rs 27,979 crore. The stock trades at a P/E of 49.7, above the industry P/E of 17.9.

Roadmap: The company benefits from the shift to electric and software-defined vehicles, which raises engineering outsourcing. Long relationships with leading vehicle makers support steady project flow.

What to watch: Track new programme wins, automotive client spending and growth in the technology education business.

Why LTM Features Among These Business Process, Engineering and IT Consulting

Among the three companies on this list, LTM, formerly LTIMindtree, is a Mumbai-based global technology consulting and digital solutions company that serves banking, insurance, manufacturing, healthcare and other industries.

Revenue rose from Rs 26,874 crore in FY22 to Rs 43,402 crore in FY26, a compound annual growth rate of 12.7%. Net profit grew from Rs 3,950 crore in FY22 to Rs 4,983 crore in FY26, which works out to a compound annual growth rate of 6.0%.

The company has a return on equity of 20.2%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 120,479 crore. The stock trades at a P/E of 23.2, above the industry P/E of 17.6.

Roadmap: The company is focused on cloud, data and artificial intelligence projects and on winning larger transformation deals from existing clients. Its link with the Larsen and Toubro group helps it reach large enterprise customers.

What to watch: Track deal wins, client additions and utilisation levels.

Firstsource Solutions vs Tata Technologies vs LTM on Key Financials

The table below sets the three business process, engineering and IT consulting side by side on revenue, profit and margin, using reported figures.

Company	FY22 Revenue (Rs Cr)	FY26 Revenue (Rs Cr)	Revenue CAGR (FY22-FY26)	FY26 Net Profit (Rs Cr)	FY26 Net Margin
Firstsource Solutions	5,922	9,564	12.7%	674	7.1%
Tata Technologies	3,578	5,680	12.2%	547	9.6%
LTM	26,874	43,402	12.7%	4,983	11.5%

LTM posts the highest return on equity in this group at 20.2%. LTM has the largest FY26 revenue at Rs 43,402 crore, and Firstsource Solutions shows the fastest revenue growth with a 12.7% compound annual rate.

Key Risks to Check Before Investing in Business Process, Engineering and IT Consulting

Every theme carries risks that deserve a check before any decision. For these business process, engineering and IT consulting, the main points are:

Deal timing. Large contracts can shift between periods.
Client budgets. Spending can vary with global conditions.
Currency moves. Export earnings move with the rupee.

Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.

Use the Univest Stock Screener to filter business process, engineering and IT consulting by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Business Process, Engineering and IT Consulting

Business process, engineering and IT consulting reward investors who follow demand trends, order books and margins together. Firstsource Solutions, Tata Technologies and LTM each have a clear plan to expand. Based on the 28 October 2026 close, Firstsource Solutions trades at Rs 307.95, Tata Technologies at Rs 653.55 and LTM at Rs 4,104.

Download the Univest iOS App or Univest Android App to track business process, engineering and IT consulting, set price alerts and get research-backed stock ideas.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

What are business process, engineering and IT consulting?

Ans. Business process, engineering and IT consulting are listed companies that run customer service and back office operations for global clients, provide product design and engineering support to vehicle and industrial makers and deliver consulting, cloud and digital services. Their earnings depend on client programmes, deal wins and currency. This list looks at three of them, Firstsource Solutions, Tata Technologies and LTM, using reported FY22 to FY26 financials and the 28 October 2026 closing prices.

Which business process, engineering and IT consulting are covered in this list?

Ans. This list covers Firstsource Solutions, Tata Technologies and LTM. Based on the 28 October 2026 close, Firstsource Solutions traded at Rs 307.95, Tata Technologies at Rs 653.55 and LTM at Rs 4,104. Their return on equity ranges from 17.1% to 20.2%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.2% to 12.7%.

Why do business process, engineering and IT consulting have a strong future roadmap in India?

Ans. Business process, engineering and IT consulting have a strong roadmap in India because growing outsourcing of customer operations, rising engineering work in electric and connected vehicles and steady digital spending by large clients keep widening the market for these services firms. The main drivers are as follows. Customer operations. Banks and telecom firms outsource service work. Vehicle engineering. Electric and connected models need design support. Digital deals. Large clients sign multi year technology contracts. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Firstsource Solutions performed financially?

Ans. Revenue rose from Rs 5,922 crore in FY22 to Rs 9,564 crore in FY26, a compound annual growth rate of 12.7%. Net profit grew from Rs 537 crore in FY22 to Rs 674 crore in FY26, which works out to a compound annual growth rate of 5.9%. In the June 2026 quarter, revenue grew 22.8% year on year to Rs 2,731 crore. The company has a return on equity of 17.1%, a debt to equity ratio of 0.67 and a market capitalisation of Rs 19,489 crore. The stock trades at a P/E of 29.1, above the industry P/E of 17.5. Looking ahead, it is growing in healthcare and mortgage services, pursuing larger deals and using artificial intelligence to improve productivity. Longer contracts with large clients give it visibility on revenue.

How has Tata Technologies performed financially?

Ans. Revenue rose from Rs 3,578 crore in FY22 to Rs 5,680 crore in FY26, a compound annual growth rate of 12.2%. Net profit grew from Rs 437 crore in FY22 to Rs 547 crore in FY26, which works out to a compound annual growth rate of 5.8%. The company has a return on equity of 17.1%, a debt to equity ratio of 0.29 and a market capitalisation of Rs 27,979 crore. The stock trades at a P/E of 49.7, above the industry P/E of 17.9. Looking ahead, the company benefits from the shift to electric and software-defined vehicles, which raises engineering outsourcing. Long relationships with leading vehicle makers support steady project flow.

How has LTM performed financially?

Ans. Revenue rose from Rs 26,874 crore in FY22 to Rs 43,402 crore in FY26, a compound annual growth rate of 12.7%. Net profit grew from Rs 3,950 crore in FY22 to Rs 4,983 crore in FY26, which works out to a compound annual growth rate of 6.0%. The company has a return on equity of 20.2%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 120,479 crore. The stock trades at a P/E of 23.2, above the industry P/E of 17.6. Looking ahead, the company is focused on cloud, data and artificial intelligence projects and on winning larger transformation deals from existing clients. Its link with the Larsen and Toubro group helps it reach large enterprise customers.

What risks should investors check before buying business process, engineering and IT consulting?

Ans. Investors should check a few risks before buying business process, engineering and IT consulting. Deal timing. Large contracts can shift between periods. Client budgets. Spending can vary with global conditions. Currency moves. Export earnings move with the rupee. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.

Is this list of business process, engineering and IT consulting investment advice?

Ans. No. This article is educational and uses publicly available data as of the 28 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.