HCLTech bets big on Sovereign AI, buys 10.46% in Sarvam AI for Rs 1,427 crore
IT sector major HCLTech bets big on Sovereign AI. The company will buy 10.46% stake in government-backed sovereign AI model developer Sarvam AI for Rs 1,427 crore. Sarvam is India’s full stack sovereign AI company. The transaction, which values Sarvam AI at $1.5 billion, is expected to close within two weeks of signing the agreement.
According to the HCLTech regulatory filing, the transaction does not require any regulatory approval. Sarvam AI is building the foundational model of Sovereign AI for India. The company is developing India’s full-stack Sovereign AI platform across research, models, infrastructure, and applications, built to advance AI for all of India.
