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Goodwill and intangible assets (Tables)

12 Months Ended

Mar. 31, 2025

The movement in goodwill balance is given below:


	Year ended March 31,
	2024			2025
Balance at the beginning of the year	₹	307,970		₹	316,002
Translation adjustment		4,206			7,688
Acquisition through Business combinations(1) (Refer to Note 7)		4,314			1,324
Disposals		(488	)		-
Balance at the end of the year	₹	316,002		₹	325,014

(1)

Acquisition through business combinations for the year ended March 31, 2024 is after considering the impact of ₹ (503) towards measurement period changes in the purchase price allocation of acquisitions made during the year ended March 31, 2023.

Summary of Goodwill Has Been Re-Allocated to The CGUs Using a Relative Value Approach

Goodwill recognized on business combinations is allocated to Cash Generating Units (CGUs), within the IT Services operating segment, which are expected to benefit from the synergies of the acquisitions.


	Year ended March 31,
CGUs	2024		2025
Americas 1	₹	104,310	₹	108,111
Americas 2		104,134		106,529
Europe		79,596		81,955
Asia Pacific, Middle East and Africa		27,962		28,419
	₹	316,002	₹	325,014

Summary of Movement in Intangible Assets

The movement in intangible assets is given below:


	Intangible assets
	Customer-related			Marketing-related			Total
Gross carrying value:
As at April 1, 2023	₹	49,813		₹	11,924		₹	61,737
Acquisition through Business combinations (Refer to Note 7)		556			390			946
Deductions/adjustments		(7,306	)		(505	)		(7,811	)
Translation adjustment		609			163			772
As at March 31, 2024	₹	43,672		₹	11,972		₹	55,644
Accumulated amortization/ impairment:
As at April 1, 2023	₹	15,417		₹	3,275		₹	18,692
Amortization and impairment (1) (2)		9,961			1,795			11,756
Deductions/adjustments		(7,306	)		(505	)		(7,811	)
Translation adjustment		209			50			259
As at March 31, 2024	₹	18,281		₹	4,615		₹	22,896

Net carrying value as at March 31, 2024	₹	25,391		₹	7,357		₹	32,748

Gross carrying value:
As at April 1, 2024	₹	43,672		₹	11,972		₹	55,644
Acquisition through business combinations (Refer to Note 7)		1,896			-			1,896
Deductions/adjustments		(4,101	)		(2,518	)		(6,619	)
Translation adjustment		994			268			1,262
As at March 31, 2025	₹	42,461		₹	9,722		₹	52,183
Accumulated amortization/ impairment:
As at April 1, 2024	₹	18,281		₹	4,615		₹	22,896
Amortization and impairment (1)		6,327			1,582			7,909
Deductions/adjustments		(4,101	)		(2,518	)		(6,619	)
Translation adjustment		443			104			547
As at March 31, 2025	₹	20,950		₹	3,783		₹	24,733

Net carrying value as at March 31, 2025	₹	21,511		₹	5,939		₹	27,450

(1)

During the years ended March 31, 2024 and 2025, a decline in the revenue and earnings estimates led to a revision of recoverable value of customer-relationship intangible assets and marketing related intangible assets recognized on business combinations. Consequently, the Company has recognized impairment charge ₹ 1,701 and ₹ 1,155 for the years ended March 31, 2024 and 2025, respectively, as part of amortization and impairment.

(2)

Due to change in estimate of useful life of customer-related intangibles in an earlier business combination, the Company has recognized additional amortization charge of ₹ 2,807 for the year ended March 31, 2024, as part of amortization and impairment.

Summary of Estimated Remaining Amortization Period for Intangible Assets Acquired on Acquisition

As at March 31, 2025, the net carrying value and the estimated remaining amortization period for intangible assets acquired on acquisition are as follows:


Acquisition	Net carrying value		Estimated remaining amortization period
Capco - customer-related intangible	₹	15,735	5.08 years
Capco - marketing-related intangible		5,645	6.08 years
AVT		1,805	1.21 - 5.72 years
Rizing		1,410	2.64 years
Vara Infotech Private Limited		721	1.50 - 4.50 years
Aggne		645	1.87 - 2.87 years
Rational Interaction, Inc.		609	1.89 years
Eximius Design, LLC		572	2.40 years
Convergence Acceleration Solutions, LLC		308	3.03 years
Total	₹	27,450