NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

Tata Consultancy Services (TCS) Embarks on AI-First Transformation

Key Figures:

  • 12,200: Number of executives laid off by TCS in 2023 to make the company future-ready
  • 451,160: Number of TCS employees under the age of 30 as of March 2024, accounting for almost half of the workforce
  • $1.8 billion: TCS's annualized AI revenue as of December 2025
  • $297 billion: Size of India's IT industry

TCS CEO K. Krithivasan's Directive

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Tata Consultancy Services (TCS) CEO K. Krithivasan has issued a directive to the company's senior management to build and create AI-based solutions, rather than just reading and hearing about them. This push towards an AI-first future is aimed at making the company more competitive and future-ready.

AI Adoption Across the Industry

TCS has mandated that all employees, regardless of level, learn basic AI tools. This is a common practice across the industry. Krithivasan has also encouraged employees to use AI even if it means cannibalizing existing revenue.

Concerns Over the Relevance of the IT Industry

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

The IT industry has been facing concerns over its relevance in the face of rapid technological advancements. Vinod Khosla, founder of Khosla Ventures, has predicted that the IT services industry will cease to exist by 2030. However, IT heads have varying opinions on the matter.

Deployment Gap

Infosys chairman Nandan Nilekani has highlighted the deployment gap between the power of AI technology and the capacity of businesses to use it. He believes that this gap can be addressed through targeted investments in AI adoption.

Bank of Baroda Capital Markets' Report

A recent report by Bank of Baroda Capital Markets has downplayed concerns over the loss of value in the IT industry due to AI adoption. The report suggests that while AI may reduce workforce demand, it is not an existential risk for the industry.

Investor Takeaway

Investors should focus on IT companies that prioritize AI development and adoption.

IPOScanner Logo

IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

About IPO Scanner

IPOScanner is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
[email protected].

Please read all offer documents and risk disclosures carefully before investing. IPOScanner does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

© 2026 IPO Scanner. All rights reserved.