Onward Technologies is a global engineering and digital services company that has carved a distinct identity as one of India’s most impactful enterprises in the software services landscape.
Listed on NSE and BSE, the company partners with some of the largest original equipment manufacturers (OEMs) in Industrial Equipment, Heavy Machinery, Power Generation, Renewable Energy, Automotive, Rail Transportation, Healthcare and Life Sciences from North America and Europe, helping them accelerate innovation and transform their product development journey.
Under the leadership of Managing Director Mr. Jigar Mehta, Onward Technologies has reported significant growth with 3-year revenue CAGR at 17%. Mr. Mehta’s team has also driven the alignment of the company’s offerings under Engineering Research & Development (ER&D) and Digital services. This shift has positioned the company as a trusted partner for global organizations seeking specialized ER&D expertise. His vision has streamlined the company’s focus into three core verticals:
Industrial Equipment & Heavy Machinery
Transportation & Mobility
Healthcare & Life Sciences
This vertical-driven approach ensures domain depth, operational excellence, and the ability to deliver solutions that meet the evolving needs of global OEMs. Onward Technologies offers end-to-end ER&D services across mechanical, embedded, and digital engineering. Its capabilities include:
Mechanical Engineering: Product design, value engineering, and lifecycle support
Embedded Systems: Hardware, software, connectivity solutions, and system integration
Digital Engineering: Cloud, data analytics, AI/ML, apps—development & modernization, platform services
By integrating these capabilities, Onward Tech enables clients to accelerate time-to-market, reduce costs, and competitively drive innovation in an increasingly connected and digital world.
Global scale and delivery model
With a team of 2,500+ engineers and consultants, Onward Tech operates through a scalable onsite-nearshore-offshore model, ensuring flexibility and cost efficiency. The company has 12 global offices, in USA, Canada, the UK, Germany, and India where its corporate headquarters and delivery centers are located. Onward Tech’s location strategy is aimed at enabling seamless collaboration with its clients—the global product and software teams of large OEMs.
Some clients, including a UK-based bespoke luxury carmaker prefer to scale their engagements into dedicated offshore design centers (ODCs) that Onward Tech supports at lightspeed with specialized engineering talent. Likewise, a North American off-highway OEM continues to ramp up its offshore team within Onward Tech’s swanky new Chennai engineering centre, accelerating smarter products across its construction and mining lines to global markets. Onward Tech’s secret sauce is down to its ability to reliably operate as an extended product and software R&D team for those OEMs.
Financial strength and growth
Onward Technologies continues to deliver strong financial performance, with Q3 FY2026 revenue at ₹136.1 Crore—a 9.3% year-on-year (YOY) growth. Recent quarters have shown record profitability and operational efficiency, with a 548 basis points YOY jump in Q3 FY2026 EBITDA to 14.6%. These numbers reinforce Onward Tech’s position as a growth-oriented ER&D and digital services company. Additionally, it has significant cash reserves and a strategic CAPEX outlay that is in line with its growth ambitions.
By combining engineering expertise with digital innovation, the company helps global OEMs navigate the complexities of connected, autonomous, and sustainable technologies. Its commitment to talent development, innovative solutions, and customer-centricity makes it a preferred partner for organizations seeking to redefine the future of mobility, industrial automation, and healthcare. Learn more about Onward Technologies at www.onwardgroup.com.