Texmaco Rail & Engineering Limited has informed the Exchange regarding a press release dated April 29, 2026, titled "Launch of Global Capability Centers (GCCs) across India under the brand name "invariz" powered by ServiceNow platform marking Company's entry into AI-led global services and digital solutions ".
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Texmaco Rail & Engineering Limited has announced the launch of a network of Global Capability Centres (GCCs) across India under the brand 'invariz', powered by ServiceNow's AI platform. The company soft-launched its first centre in Faridabad at the end of last year with plans to expand to multiple cities. The initiative targets 1200+ direct jobs and is expected to generate over $100 million in incremental revenue by 2030. The GCCs will serve both group companies and external clients domestically and internationally, delivering AI-driven enterprise automation solutions. Texmaco expects this new digital services vertical to contribute 10-15% to its overall growth strategy over the medium term. This represents a strategic pivot for the 86-year-old engineering company into AI-led global services, complementing its core railway and infrastructure businesses.
This announcement signals Texmaco's diversification into high-margin digital services, positioning the company among early Indian engineering firms to scale AI-enabled global delivery. The $100M+ revenue target and 10-15% growth contribution guidance represent an upward revision to investor expectations for the company's medium-term revenue profile.