HCL Tech shares in focus after buying stake in Sarvam AI for Rs 1,427 crore

HCLTech has invested Rs 1,427 crore (~$150 million) in AI startup Sarvam AI, acquiring a 10.46% stake as part of a ~$300 million Series B round that values Sarvam at nearly $1.5 billion. The partnership will support joint R&D in frontier AI agentic models, coding models, and cybersecurity, while helping HCLTech build industry-specific AI solutions and sovereign AI capabilities. Separately, HCLTech reported Q4FY26 net profit of Rs 4,488 crore (up 4.2% YoY) on revenue of Rs 33,981 crore (up 12% YoY), with FY27 revenue growth guidance of 1-4% factoring in 2-3% AI-led deflation impact.