24 Jun 2026
HCLTech announced two named-client engagements on the same day, partnering with Finland's Neste for a long-term AI-led efficiency transformation and with Nokia to speed up autonomous networks through AI-driven rApps.
Neither release carried a contract value, so the read is deal-pipeline momentum with two marquee clients ahead of any booked order.
15 Jun 2026
HCLTech will buy a 10.46 percent stake in sovereign-AI builder Sarvam AI for 1,427 crore rupees, valuing Sarvam at 1.5 billion dollars.
HCLTech anchors Sarvam's 300 million dollar Series B and gains a route to India-specific language models for its enterprise clients. It is a rare case of a large Indian IT firm taking a direct equity position in a domestic foundation-model startup.
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Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.