Amid a storm of AI-induced volatility shaking India’s IT landscape, TCS CEO K Krithivasan issued a clarion call from Mumbai. On February 25, at the Nasscom Technology and Leadership Forum, he empowered staff to dive headfirst into AI adoption, viewing it as a gateway to innovation rather than peril.
The backdrop is grim: AI breakthroughs, particularly from Anthropic, have eroded investor confidence, dragging the Nifty IT index down over 20% in a month. TCS shares fell 16%, Infosys more than 23%, Wipro over 14%, Coforge a whopping 27%, Tech Mahindra 22%, and others followed suit.
Krithivasan cut through the noise: “If AI streamlines your work—faster, better, cheaper—employ it and apprise your clients, revenue be damned in the short term.” He rejected doomsday scenarios, proclaiming, “This tech won’t snatch jobs; it’ll spawn new ones. Maximize its use for maximum rewards.”
Countering the gloom, alliances are forming. Infosys tied up with Anthropic, TCS with OpenAI—moves that could harness AI’s power collectively.
This visionary stance from TCS’s helm may galvanize the industry. As leaders like Krithivasan champion bold integration, the narrative shifts from survival to thriving, positioning Indian IT for a renaissance powered by intelligent automation.