Global software intelligence leader CAST has announced a €200 million investment in research and development, positioning India’s 5.2 million-strong developer workforce as a cornerstone of its global vision.
During a recent visit to India, CAST founder and CEO Vincent Delaroche emphasised the nation’s critical role in tackling technical debt—outdated or inefficient code that hampers software performance—as it aims to become a $1 trillion digital economy by 2030.
“India understands software better than any other country,” Delaroche said. “Addressing technical debt is vital to sustaining this growth trajectory and maintaining India’s competitive edge in the global technology landscape.”
According to McKinsey, technical debt costs the global economy over $1.3 trillion annually. For Indian enterprises, this presents a dual challenge of modernising legacy systems while delivering secure and scalable software solutions.
“Technical debt is not just a bottleneck; it’s an unseen cost that stifles innovation and agility,” Delaroche explained. “CAST provides Indian businesses with tools to eliminate inefficiencies, improve IT infrastructure, and boost developer productivity by up to 25%—ultimately shortening software delivery timelines and enhancing business outcomes.”
India’s IT sector contributes over $245 billion annually to the global economy, according to NASSCOM, with its developer workforce—the largest in the world—driving innovation and growth.
“We view India’s developer talent as essential to our global ambitions,” Delaroche said, adding that CAST is committed to empowering Indian enterprises and Global Capability Centres (GCCs).
The company’s €260 million (₹2,300 crore) R&D investment over the past two decades has fuelled the development of solutions addressing technical debt, cloud readiness, security vulnerabilities, and software efficiency. These solutions are designed to help enterprises maintain a competitive edge in a rapidly evolving tech ecosystem.
CAST operates in nine countries and partners with leading firms, including BCG, EY, Accenture, IBM Consulting, AWS, Microsoft Azure, and Google Cloud. Its software is deployed by hundreds of companies, the 10 largest system integrators, and all three major cloud providers.
Privately held and majority-owned by Bridgepoint, a FTSE 250 investment firm managing over €37 billion in assets, CAST continues to focus on mid-market growth and strategic innovation.
“India’s developer ecosystem offers unmatched potential, and we’re committed to collaborating with this vibrant talent pool to drive innovation and transformation in global software development,” Delaroche concluded.
Follow us
