Sonata Software

Sonata haild Roy for being instrumental in guiding the company's AI-first evolution. He has led efforts in advancing a Responsible AI approach, the company said.

On April 16, the Indian stock market closed with modest losses after a recent rally. The Nifty 50 fell 0.18% while the Sensex dropped 0.21%. Broader markets showed gains, indicating a bullish tone, amid improving sentiment from potential US-Iran negotiations.

This shift is already visible in the pace of leadership changes. At least five of the country’s top 10 IT firms—including Tata Consultancy Services, Infosys, Wipro, LTM, and Persistent Systems—introduced or expanded AI-focused roles over the past year, more than in the previous two years combined.

The IT services firm has sought damages from OBSA Operating Company in a Delaware court amid a client ramp-down in its retail segment, which contributes about 8% of Sonata’s revenue.

The Indian stock market faced significant selling on February 12, with technology stocks leading the decline, resulting in a 0.57% drop in Nifty 50 and Sensex. Oil, gas, and realty shares also fell, while the Nifty IT index plunged 5.5%, marking its second-biggest fall this month.

Sonata Software Ltd has fallen to the 13th spot in India's IT sector following a 30% contraction in Q2FY26 revenue as Microsoft sells software licences directly to clients. The Indian company will take time to recover from this jolt, analysts say.

Mid-sized tech services companies in India are expected to continue hiring, driven by agile operations and shorter projects. In FY26, these firms might hire about 16,000 employees, outpacing the Big Five. Where are the opporunities opening up for freshers and experienced hands?

The country’s top five tech majors—Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd and Tech Mahindra Ltd—have so far not disclosed whether the order will impact their business.