TCS, Infosys, HCLTech or Persistent Systems — who is ahead in the AI race? CLSA’s latest ranking puts India’s IT players under the lens across six key…
1/9CLSA’s AI capability ranking: IT companies are ranked on 6 AI capabilities — generative AI (25%), data & analytics (25%), cloud migration, modernisation & change management (20%), security (10%), SaaS & middleware platform (10%), and automation/RPA (10%). The final rank score is the weighted sum of category ranks. TCS, Infosys and HCLTech lead India-listed large caps, while Persistent Systems tops the mid-cap pack.
2/9Tata Consultancy Services: TCS scores 2.9, the highest among India-listed IT players, after Accenture. It ranks No. 2 in generative AI and No. 4 in data & analytics — the two categories carrying the highest 25% weight each. It also ranks strongly in cloud, security and automation.
3/9Infosys: Infosys scores 4.6, ranking fourth overall after Accenture, TCS and Cognizant. Its standout is data & analytics at No. 2, a category carrying 25% weight, while its No. 6 ranking in generative AI weighs on the overall score despite stronger showings in security and SaaS.
4/9HCL Technologies: HCLTech posts a final score of 4.7, ranking fifth after Accenture, TCS, Cognizant and Infosys. It performs strongly in the two major 25%-weighted categories, ranking No. 3 in generative AI and No. 6 in data, while cloud modernisation is another strength at No. 3.
5/9Wipro: Wipro’s final score of 5.1 puts it seventh among large caps. Its strongest showing is security at No. 3, but that category carries just 10% weight in the CLSA ranking. Weaker rankings in the higher-weighted data & analytics and generative AI categories, at No. 7 and No. 5, limit its overall position.
6/9Tech Mahindra: Tech Mahindra scores 7.8, ranking eighth among large caps. Its best showing is generative AI at No. 6, but it ranks No. 9 in data & analytics, a 25%-weighted category. Weaker performances across security, SaaS and automation, each carrying 10%, further drag on its score.
7/9LTM: LTM has the weakest final score among large caps at 8.5. It ranks No. 9 in generative AI and data & analytics — the two biggest 25%-weighted categories — while its No. 8 ranking in automation, despite its 10% weight, offers little offset.
8/9Persistent Systems: Persistent Systems is the clear No. 1 among mid-cap IT companies, with a final score of 1.7. It ranks No. 1 in generative AI and data & analytics, the two 25%-weighted categories, while also topping SaaS and automation and ranking No. 2 in security.
9/9Coforge: Coforge scores 6.2, placing seventh after Persistent Systems, Hexaware, EPAM, Mphasis, Birlasoft and Globant. It ranks No. 4 in generative AI and automation, but its No. 8 data & analytics ranking — one of the two 25%-weighted categories — weighs on its overall score. Security is its weakest area at No. 10.