BENGALURU: Call it the mid-tier IT firm’s breakout moment. Over the past decade, 15 companies crossed the $1 billion revenue mark—10 of them in just the last five years, with several more on the cusp.

BENGALURU: In the past few years, the majority of employees of top-tier IT services companies have received their wage hikes in single digit (4% to 9%), and only top performers have received ...