The ₹3,500 Crore Question: Why HCLTech Is Betting on Physical Infrastructure to Win the AI Era
For decades, India’s IT services industry operated on a simple, asset-light model: brilliant engineers, low-cost delivery, and high-margin services. But artificial intelligence is rewriting the rules, and HCLTech has just made a decisive move to adapt. On July 13, 2026, the company announced a strategic investment of up to ₹3,500 crore to establish AI data centres, with the potential to scale to 50 megawatts of capacity. This is a remarkable pivot for a company that, until recently, had ruled out entering the capital-intensive data centre business.
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