Date: July 24, 2026

Strategic Investment

  • HCLTech plans to establish its first AI Data Center in the upcoming Odisha Sovereign AI Park in Bhubaneswar
  • Total planned capital outlay: ₹14,257 crores, including financial assistance from the Government of Odisha
  • This investment follows the company's previous announcement dated July 13, 2026 regarding its proposed entry into the full-stack AI market

Partnerships

  • The AI Data Center will be established in partnership with Sarvam (an AI company) and the Government of Odisha
  • A Memorandum of Understanding was signed between HCLTech, Government of Odisha and Sarvam
  • The signing ceremony was attended by Hon'ble Chief Minister of Odisha Sh. Mohan Charan Majhi and Dr Mukesh Mahaling, Hon'ble Minister of Electronics and IT, Government of Odisha

Strategic Purpose

  • Boost India's sovereign AI play and local developer ecosystem
  • Leverage HCLTech's full-stack AI capabilities and Sarvam's foundation models
  • Offer sector-specific AI applications to private and public sector enterprises
  • Address government's sovereignty needs
  • Deliver multi-lingual AI based services to the last mile
  • Support the Digital India and Atmanirbhar Bharat vision

Leadership Comments

  • Roshni Nadar Malhotra, Chairperson, HCLTech: "We strive to be an enabler of India's sovereign AI ecosystem with differentiated offerings across the value chain"
  • C Vijayakumar, CEO & MD, HCLTech: "This is an important milestone in our full-stack AI play... Odisha offers a progressive policy environment backed by excellent infrastructure"
  • Pratyush Kumar, Co-Founder of Sarvam: "The Odisha Sovereign AI Park will connect high-performance compute with Indian models and real-world applications"

Market Context

  • India is among the fastest growing technology markets globally
  • Data center ecosystem is on rapid growth trajectory driven by digital economy demand
  • Growth driven by data localization and critical infrastructure needs for AI training and inference workloads

Company Background

  • HCLTech is a global technology company with more than 223,000 people across 60 countries
  • Consolidated revenues as of 12 months ending June 2026: $14.8 billion
  • Industry solutions across Financial Services, Manufacturing, Life Sciences, Healthcare, Technology & Services, Semiconductor, Telecom, Media, Retail, CPG, Mobility and Public Services