Infosys Chairman Nandan Nilekani sent a ‘calming message’ to shareholders at the company’s 45th Annual General Meeting (AGM). Addressing shareholders, Nilekani answered what has been the biggest worry of most analysts and shareholders about software companies. “AI will not replace companies like ours. It will amplify those who move with purpose and adapt with speed,” Nilekani said. Infosys chairman asserted that the Bengaluru-headquartered company “is more relevant than ever” and eagerly eyeing around $300-400 billion in AI opportunities by 2030.Nilekani explained that enterprise solutions demand rigorous testing, resilient architecture, foundational cybersecurity, and strict data governance that cannot be outsourced to external platforms. He added that the current AI revolution has made legacy modernisation urgent, positioning Infosys to capitalise on this structural shift in technology.“The defining opportunity lies in integrating intelligent AI systems with mission-critical enterprise platforms. The greatest value will come from combining the world of models and agents with traditional transaction systems that continue to underpin enterprise operations. That convergence is where the next wave of opportunities will emerge,” Nilekani told shareholders in his address.“Our clients trust Infosys to bring hard-earned learning to help them navigate the complexities of enterprise AI. Infosys is fully prepared to deliver on that trust and help our clients navigate the next,” he said, adding that Infosys is already collaborating with 90 per cent of our top 200 clients in their AI journeys.
Infosys CEO says deal pipeline strong
Addressing shareholders, Infosys Chief Executive Officer and Managing Director Salil Parekh said that the company is aggressively expanding its footprint in AI, with its AI services revenue share growing at a fast pace. He noted that customers are increasingly looking to leverage AI across six broad areas: AI engineering and strategy, data, process efficiency, technology modernisation, physical AI (in manufacturing, medical, and automotive sectors), and AI trust and security.
Indian Tech’s Nifty share shrinks to record low
AI worries have led to India’s software exporters steadily losing their sway on the country’s stock market. Concerns over artificial intelligence-led disruption have triggered a prolonged selloff in the sector. The combined weight of five information technology companies in the NSE Nifty 50 Index has fallen below 7.6%, the lowest at least since 2002, according to data compiled by Bloomberg. At their peak more than two decades ago, the cohort accounted for more than a fifth of the benchmark. Technology is now the fifth-largest sector in the Nifty 50, trailing financials, consumer discretionary, energy and industrials. Infosys has slipped to be the eighth-largest stock in the Nifty 50 by weight from third place five years ago, whereas Tata Consultancy Services ranks 13th.
