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Mon, 14 Sept 2026
12:57:37 am
Mon, 14 Sept 2026
12:57:37 am
Rudransh Sangwan
Published at: June 15, 2026, 4:08 PM
Synopsis
HCLTech invests ₹1,427.25 crore in Sarvam AI for a 10.46% stake. The strategic partnership aims to accelerate sovereign AI development in India and expand AI solutions across banking, insurance, government, and defence sectors.
HCL Technologies has announced a strategic investment of ₹1,427.25 crore in Sarvam AI (Axonwise Private Limited), acquiring a 10.46% equity stake in the Bengaluru-based artificial intelligence startup.
The investment marks one of the largest AI-focused strategic bets by an Indian IT services company and reflects HCLTech's commitment to accelerating the development of India's sovereign AI ecosystem.
| Particulars | Details |
|---|---|
| Investor | HCL Technologies |
| Company | Sarvam AI (Axonwise Pvt Ltd) |
| Investment Amount | ₹1,427.25 Crore |
| Stake Acquired | 10.46% |
| Shares Purchased | 41,421 Equity Shares |
| Mode of Payment | 100% Cash |
| Purpose | AI Research & Enterprise Deployment |
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The fresh capital will support Sarvam AI's efforts to:
The company is also expected to accelerate adoption across sectors such as banking, insurance, government technology, and defence.
Sarvam AI is among India's leading sovereign AI companies, developing foundational AI models across:
Unlike many AI startups that rely on overseas foundation models, Sarvam AI focuses on building and training models from scratch in India, aligning with the government's push for AI self-reliance and digital sovereignty.
For HCLTech, the partnership provides access to advanced AI research capabilities while strengthening its enterprise AI offerings for global clients.
The collaboration is expected to help HCLTech:
Founded with a vision to create India's sovereign AI stack, Sarvam AI develops large-scale AI models tailored for Indian languages and enterprise use cases.
The company reported an unaudited turnover of approximately ₹45.10 crore in FY26 and continues to invest heavily in research, model training, and AI infrastructure.
HCLTech invested in Sarvam AI to strengthen its AI capabilities and support the development of sovereign AI models built in India.
HCLTech has acquired a 10.46% stake in Sarvam AI through an investment of ₹1,427.25 crore.
Sarvam AI develops foundational AI models across text, speech, vision, and documents, focusing on multilingual and enterprise AI solutions.
Banking, insurance, government technology, defence, cybersecurity, and enterprise AI applications are expected to benefit.
Sovereign AI helps countries build and control their own AI infrastructure, reducing dependence on foreign technology and improving data security.
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