Enterprises Beware: Agent-Washing Clouds the Future of AI
Vendors mislabel copilots as agents, raising regulatory and operational risks for firms chasing the promise of agentic AI.
- Published on July 29, 2025
- In IT Services
AI ROI is Better for Coforge, Persistent, Mphasis, L&T than the Big Four Indian IT
The Indian IT landscape is no longer just about size and AI has a role to play in this.
- By Mohit Pandey
Another quarter goes by, and mid-sized IT firms are once again outshining the traditional heavyweights. Persistent Systems, Coforge, Mphasis, LTTS, and even Tech Mahindra are doing what the Big Four—TCS, Infosys, Wipro, and HCLTech—can’t seem to manage: deliver growth backed by real AI traction.
Just like in Q4 FY25, the pattern in Q1 FY26 is unmistakable. The midcaps are no longer trying to catch up—they’re pulling ahead.
Take Persistent Systems, for instance. The company reported ₹3,333 crore in revenue this quarter, up nearly 22% year-on-year. Profits surged nearly 39% to ₹425 crore. In dollar terms, the revenue stood at $389.7 million, up 18.8% from last year.
This growth isn’t a one-off. Persistent has now clocked 21 consecutive quarters of double-
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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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