AI will not replace IT cos like Infosys, says Chairman Nilekani at AGM
This story was originally published at 09:18 IST on 24 June 2026
Register to read our real-time news.Informist, Wednesday, Jun. 24, 2026
MUMBAI – Artificial intelligence will not replace companies such as Infosys Ltd., but will in turn benefit companies that adopt AI with speed, Infosys Chairman Nandan M. Nilekani told shareholders at the company's 45th annual general meeting Tuesday. While AI will automate coding, a software development is still a big opportunity as clients will prefer building software rather than buying it, he said.
"We recently unveiled our AI-first value framework to help global enterprises unlock AI value at scale," he said. "This positions Infosys to tap into an AI-first services opportunity of $300 billion to $400 billion by 2030."
Nilekani argued that IT companies will be relevant in the future because software development still needs rigorous testing, resilient architectue, and cybersecurity. "The AI deployment gap in our large enterprise clients is real, and closing that gap is where the work is," he said.
The next opportunity lies in integrating AI systems with an enterprise's platforms, he said. "The greatest value will come from combining the world of models and agents with traditional transaction systems that continue to underpin enterprise operations," he said.
Infosys has invested in technology and is training its employees to benefit from the AI boom, he said. "We have built a strong AI partnership ecosystem spanning compute and cloud platforms, model developers, data and analytics providers, applications, and security technologies."
For the financial year 2025-26 (Apr-Mar), Infosys reported a consolidated net profit of INR 294.40 billion on revenue of INR 1.79 trillion. In Wednesday's pre-open session, the stock was up over 1% at INR 1.040 on the National Stock Exchange. End
US$1 = INR 94.85
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Anshul Choudhary
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
