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HCLTech restructures software business for AI growth push

Source: livemint.com

HCLTech splits its software business into two units to focus on AI and engineering services.
The new structure creates a $5.2 billion software division and a $2.3 billion engineering unit.
This move aims to speed up AI adoption and attract more clients in high-growth areas.

HCLTech, a major Indian IT services company, is reorganizing its software division to prioritize artificial intelligence and engineering services. The company split its $7.5 billion software engineering and research business into two separate units: one focused on traditional software and the other on engineering R&D. This restructuring helps HCLTech target fast-growing AI markets and compete better with rivals like TCS and Infosys. It matters because AI is reshaping the IT industry, and compani