The CEO of HCL Technologies, C. Vijayakumar, addressed concerns about the impact of AI on IT services, calling for a gradual and non-disruptive transition. He emphasized that essential jobs in software engineering will continue to be sought after and that specialized skills—data, cloud, AI, security—will see an increase in demand.
Despite recent stock downturns, HCLTech remains the fastest-growing IT services provider in India, with revenues of $13.84 billion expected by 2025, and aims to outperform competitors for the third consecutive year. The company reported revenues of $246 million from GenAI projects, including agent-based AI and AI factories.
Vijayakumar highlighted that semiconductor companies and technology OEMs will capture most of the value of AI. HCLTech, controlled by HCL Corp, plans to supply chips for 25% of India's displays through a joint venture with Foxconn. AI, he says, is a "force multiplier" for the industry—powerful, but requires human guidance for effective implementation.
Related News