Apple’s India subsidiary booked about $68 million in software development revenue in fiscal 2026, a line that was close to zero the year before. Almost all of it came from work done for other Apple group companies.
The figures come from Apple Operations India’s filings with the Registrar of Companies, as reported by The Economic Times. Software development brought in ₹650 crore in FY26, which is roughly $68 million at current exchange rates.
Apple Operations India began commercial operations in FY25 as a direct subsidiary of Apple Inc. It is separate from the business that sells iPhone models and other products in India, where Apple’s sales recently topped $10 billion for the first time.
Total revenue grew more than fourfold in one year
The unit’s total revenue passed ₹1,400 crore in FY26, or about $147 million, up from ₹318 crore, or about $33 million, in FY25. Net profit rose to ₹103 crore from ₹28 crore. Here is how the main lines compare:
- Software development: ₹650 crore (about $68 million), up from roughly zero
- Manufacturing support: ₹520 crore (about $55 million), up from ₹282 crore (about $30 million)
- Total revenue: over ₹1,400 crore (about $147 million), up from ₹318 crore (about $33 million)
- Net profit: ₹103 crore (about $10.8 million), up from ₹28 crore (about $2.9 million)
Software and manufacturing support add up to ₹1,170 crore, about $123 million. The remaining ₹230 crore or so, roughly $24 million, is not broken out. The unit also handles procurement support, project management and global support services for Apple group companies.
Nearly all of the work is for Apple’s own teams
About 97% of the unit’s activity was for Apple’s global operations, including Apple Operations International and Apple Inc. Indian customers are not the main client.
Mohit Yadav, founder of the business intelligence firm AltInfo, reads the numbers as a structural shift. He sees India becoming a global engineering and support hub for Apple. The filings themselves do not confirm that.
They also leave out which projects the software team works on, how many people are on it and where they sit. It is not clear whether the work is new to India or was moved over from another Apple entity.
The software line now sits next to Apple’s manufacturing push
Apple has spent the past few years moving more iPhone production to India, and the manufacturing support line nearly doubled in FY26 to ₹520 crore. The new software line sits alongside that manufacturing work inside the same subsidiary.
The software line alone, at about $68 million, is now larger than the unit’s entire FY25 revenue of roughly $33 million.
