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Informist, Monday, Jun. 15, 2026

 

--HCL Tech to invest INR 14.27 bln in Axonwise to fund research, development 

 

MUMBAI – HCL Technologies Ltd. Monday said it will invest INR 14.27 billion in generative artificial intelligence firm Axonwise Pvt. Ltd., which does business as Sarvam AI, by acquiring 10.5% stake in it. The investment will fund Sarvam AI's research and development for training its next-generation frontier models for agentic AI, coding, and cybersecurity use cases, as well as to expand its deployment across key industry verticals, HCL Tech said in an exchange filing. The stake acquisition is expected to be completed within two weeks.

 

The investment will enable HCL Tech to develop industry- and client-specific language models and AI solutions for its global client base, delivering compelling price-to-performance outcomes and enabling differentiated enterprise AI solutions across industries, it said. It will also enable HCL Tech to leverage and expand Sarvam AI's multilingual AI capabilities in India and beyond for both sovereign AI initiatives and enterprise deployment across global markets. It will also help to accelerate development and adoption of sovereign AI solutions for governments, regulated industries, and enterprises seeking localised, secure, and compliant AI deployments.

 

"By bringing together Sarvam's research in AI models with HCLTech's global presence, we are creating a differentiated full-stack AI platform for enterprises and governments, strengthening our ability to deliver secure, scalable, and responsible AI solutions," C Vijayakumar, managing director and chief executive officer of HCL Tech, said in a press release.  

 

For the March quarter, HCL Technologies had reported a consolidated net profit of INR 44.88 billion on revenues of INR 339.81 billion. Monday, its shares ended at INR 1,119.30 on the National Stock Exchange, up 0.9% from Friday.  End

 

Reported by Arya S. Biju

Edited by Rajeev Pai

 

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