HCLTech bets big on sovereign AI with strategic investment in Sarvam AI

HCLTech has made a strategic investment in homegrown AI startup Sarvam AI, framing it as a long-term partnership rather than a pure financial deal. CEO C Vijayakumar identified sovereign AI as a major new growth pillar spanning banking, insurance, GovTech, and central and state government agencies. The bet is supported by Sarvam's rapid scale-up, with provisional FY26 revenue rising to about 45 crore rupees from 1.5 crore rupees in FY25, a roughly 30x jump in one year.