Leading SaaS Companies Based in Hyderabad: A Highlight
The Indian Software-as-a-Service (SaaS) industry is experiencing rapid growth, with annual revenue surpassing $15 billion in FY24 and a compound annual growth rate (CAGR) of around 24-30% from FY19 to FY24 [1]. This growth trajectory outpaces mature markets like the US and UK, with some estimates indicating growth rates up to 30-35% annually [2]. By 2030, the market is projected to reach $50 billion, driven by strong Indian startups and expansion into global markets [2].
One city playing a significant role in this ecosystem is Hyderabad, a major tech hub in India. While specific SaaS revenue figures for Hyderabad are less commonly reported, the city is home to a growing number of SaaS startups and companies contributing to India’s SaaS momentum. Hyderabad benefits from a strong digital talent pool and is emerging as a key center for product innovation in the SaaS space, alongside Bengaluru and Gurgaon [3].
SaaS companies based in Hyderabad include Freshworks, a provider of a unified suite of cloud-based customer engagement tools, including support CRM and IT service management. Freshworks maintains an engineering center in Hyderabad for AI-powered chatbots and automation features [4]. Coupa Software, a company offering businesses a comprehensive suite of AI-native solutions for spend management, also has an international footprint that includes office locations in India [4].
JumpCloud, a SaaS company specialising in helping IT teams secure systems and simplify remote employee logins, offers tools for device, app, and user identity management [4]. Davisware, on the other hand, creates enterprise resource planning software for field service companies, such as HVAC and food service providers [4].
Plane, another Hyderabad-based SaaS company, offers project management programs with a customizable open-source core platform and the ability to create modules within a project [4].
With such a robust SaaS sector, Hyderabad's growth potential is significant. Given the high growth rates and India’s increasing share of global SaaS revenues, Hyderabad's SaaS sector is poised to expand significantly in the coming years alongside other leading Indian cities.
Sources:
[1] Economic Times July 2025 [2] MADX Digital SaaS Stats 2025 [3] Nethority SaaS Growth India 2025 [4] Company websites and press releases.
The financial growth of SaaS companies based in Hyderabad, such as Freshworks and JumpCloud, is contributing significantly to the city's burgeoning business landscape, aligning with India's broader SaaS industry growth trajectory. As technology continues to drive innovation, Hyderabad's SaaS sector is expected to expand rapidly, propelled by high growth rates and an increasing share of global SaaS revenues, making it a key player in the global SaaS market.
