Document Overview

This document is a regulatory filing containing a press release announcement submitted by Infosys Limited to stock exchanges (BSE Limited, National Stock Exchange of India Limited, and New York Stock Exchange) on October 19, 2026.

Key Announcement Details

Infosys Limited announced the expansion of its strategic collaboration with Truist Financial Corporation (NYSE: TFC), one of the largest US-based financial services companies. The expanded partnership focuses on building Truist's AI-first Global Capability Center (GCC) in Hyderabad, India.

Operational Details

The collaboration involves:

  • Consolidation of capabilities currently delivered through multiple supplier relationships in India into a more unified, integrated operating model
  • Successful onboarding of more than 1,000 colleagues scheduled for later this month (October 2026)
  • Building a scaled, future-ready innovation and operations hub designed to enhance client experiences and empower teammates

Strategic Objectives

  • Strengthen India's role as a key global hub for innovation, talent, and digital capability
  • Accelerate scalable transformation and drive enterprise-wide value creation
  • Reduce third-party dependency and manage global delivery complexity
  • Cultivate deep, future-ready technology talent
  • Enable seamless cross-geography collaboration and faster delivery
  • Integrate AI, technology, data, and operations into a single cohesive delivery framework

Executive Commentary

Steve Hagerman, Chief Information Officer, Truist: "Our Global Capability Center in India is a strategic investment in Truist's future. As we accelerate our transformation into a more agile, AI-enabled enterprise, we are intentionally building global capabilities that allow us to move faster, innovate at scale, and better serve our clients."

Dennis Gada, EVP and Global Head of Banking and Financial Services, Infosys: "We are proud to deepen our long-standing relationship with Truist as they evolve their presence in India into a strategic engine for AI-led transformation and reimagination. By leveraging Infosys Topaz, our proven Build, Operate and Transfer enablement model and deep financial services expertise, we are committed to helping Truist build a resilient, scalable digital core."

Company Background

Truist Financial Corporation: Headquartered in Charlotte, North Carolina, with total assets of $556 billion as of June 30, 2026. Offers consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses.

Infosys Limited: Global leader in AI-first business consulting and technology services with over 325,000 employees serving businesses in 59 countries.

Forward-Looking Statements

The document includes standard safe harbor language noting that forward-looking statements are subject to risks and uncertainties including execution of business strategy, talent competition, economic uncertainties, technological disruptions, regulatory changes, and other factors detailed in SEC filings.