HCL’s Advanced AI revenue (nearly 4.7% of overall revenue) increased to $171 million, up 10.6% sequentially in CC terms. HCL is entering the AI data centre business targeting full-stack AI infrastructure and managed services. An initial ₹3,500 crore investment is planned toward a 50MW AI data centre capacity with the overall opportunity potentially requiring around ₹35,000 crore, to be funded through a mix of debt, equity and partnerships. Also, in June, HCL acquired a 10.5% stake for $150 million in Sarvam AI, which is India’s full stack sovereign AI company.
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