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- Published on July 21, 2025
- In IT Services
Indian IT’s AI Talks Get Louder as Revenues Go Mute
As Wipro, TCS, and HCLTech continue championing their GenAI ambitions, the gap between grand narratives and actual numbers is only widening.
Image by Nalini Nirad
- By Mohit Pandey
Another quarter, another AI sermon from Indian IT. Yet, as Wipro, TCS, and HCLTech continue championing their GenAI ambitions, with Infosys set to announce the same next week, the gap between grand narratives and actual numbers is only widening.
The big question is now whether Indian IT can ever catch up to AI before it’s too late. It has been two years of stagnant—in some cases sharply declining—revenues.
Wipro, to its credit, has shown signs of movement. The company doubled its large deal bookings to $2.7 billion in Q1 FY26, a 131% YoY jump. CEO Srini Pallia said the company is seeing a “clear shift towards AI investments”, claiming that AI is now central to client strategies. “AI is no longer just a niche,” he said during the earnings call.
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Mohit Pandey
Mohit writes about AI in simple, explainable, and often funny words. He's especially passionate about chatting with those building AI for Bharat, with the occasional detour into AGI.
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