Despite this setback, TCS closed FY26 with a remarkable total contract value (TCV) of $40.7 billion, highlighting the company’s continued strength in securing significant deals. Krithivasan remarked, “We have been writing its obituary every 10 years but I think Indian IT services have proven to be very resilient.” This sentiment reflects a long-standing belief in the sector’s adaptability and innovation.

In a strategic move, TCS hired 44,000 trainees in FY26 and has made 25,000 offers for the upcoming cycle, showcasing its commitment to nurturing new talent. Furthermore, TCS completed its largest acquisition in over a decade, purchasing Coastal Cloud for $700 million, a significant step in expanding its capabilities.

As the industry evolves, TCS is shifting towards AI-led roles and services, which Krithivasan notes will require fewer traditional programmers. He stated, “We will need a lesser proportion of programmers. We require model trainers, context/prompt engineers, people who can test models and agent developers.” This pivot indicates a broader trend within the tech sector, where generative AI is unlocking new opportunities, particularly in modernizing legacy systems.

Aarthi Subramanian, TCS’s Chief Technology Officer, echoed this optimism, stating, “GenAI has unlocked a significant opportunity in legacy modernization, particularly for large, decades-old systems such as mainframes.” This shift not only reflects the changing landscape of technology but also positions TCS as a leader in embracing these advancements.

Looking ahead, TCS is set to launch its HyperVault data center, expected to go live in 2028, with a target capacity of 1 GW. The company has already established two memorandums of understanding (MoUs) for the data center, with ongoing discussions for additional partnerships. Krithivasan’s outlook remains bright, as he believes, “Definitely, we are more optimistic. I think some of the headwinds are behind us. So, that’s the opportunity.”

As the Indian IT industry navigates these changes, observers will be keen to see how TCS adapts and thrives in this new environment. The resilience of the sector, coupled with TCS’s strategic initiatives, suggests a promising future, although details remain unconfirmed regarding the full impact of these transitions.

The post K Krithivasan: TCS CEO Confident in Resilience of Indian IT Industry appeared first on The Business News.

Until recently, Visakhapatnam was primarily known for its scenic beaches and as a hub for the Indian Navy. The city had long been anticipated to evolve into a more industrialized area, yet the expectations were modest, focusing mainly on tourism and traditional industries. However, a significant shift is now underway that promises to redefine the economic landscape of Andhra Pradesh.

On October 28, 2023, a decisive moment will occur as the foundation stone for a mega data center is laid in Visakhapatnam. This project represents a monumental investment of ₹1.3 lakh crores, a figure that underscores the scale of ambition behind this initiative. The sheer magnitude of this investment is set to transform the city into a high-tech urban center, attracting talent and innovation.

The immediate effects of this development are profound. Local businesses are poised to benefit from the influx of jobs and economic activity, while the state government is likely to see increased revenues from taxes and related sectors. The promise of high-tech infrastructure could also attract further investments, creating a ripple effect that enhances the overall economic environment.

Experts have noted that such large-scale projects often serve as catalysts for regional development. According to industry analysts, the establishment of a data center not only creates direct employment opportunities but also stimulates ancillary services such as logistics, hospitality, and retail. This investment is expected to position Visakhapatnam as a key player in the technology sector, potentially rivaling other major cities.

Furthermore, the strategic location of Visakhapatnam, with its port and connectivity, adds to its appeal as a burgeoning tech hub. The data center is anticipated to attract tech companies looking for a base in South India, thereby enhancing the region’s reputation on a national and international scale.

As the foundation stone is set to be laid, the excitement among local residents and businesses is palpable. Many see this as a turning point for the city, one that could usher in a new era of growth and development. The anticipation is not just about immediate job creation but also about the long-term vision of transforming Visakhapatnam into a high-tech city.

While the details of the project are still unfolding, the implications of this investment are clear. It marks a significant shift in the economic trajectory of Andhra Pradesh, moving from a focus on traditional industries to embracing the digital age. The future looks promising, but as with any large-scale project, challenges may arise.

Details remain unconfirmed, but the excitement surrounding this venture is undeniable. As Andhra Pradesh steps into this new chapter, the eyes of the nation will be on Visakhapatnam, eager to see how this ambitious project unfolds and reshapes the region.

The post ఆంధ్ర ప్రదేశ్: Andhra Pradesh: A New Era Begins with Mega Data Center in Visakhapatnam appeared first on The Business News.