HCL Technologies signs MoU for 5,000-seat Global Tech Center in Odisha

1 min read     Updated on 24 Jul 2026, 12:27 PM
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AI Summary

HCL Technologies Ltd signed an MoU with the Government of Odisha on July 24, 2026, to set up a Global Technology Center in Bhubaneswar. The 5,000-capacity facility will start operations by 2028, focusing on AI-led solutions and complementing a proposed AI Data Center in the Odisha Sovereign AI Park.

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HCL Technologies Limited has signed a Memorandum of Understanding (MoU) with the Government of Odisha to establish a Global Technology Center in Bhubaneswar. The facility, designed to house 5,000 employees, is expected to begin operations by 2028 and will focus on delivering AI-led digital solutions to global enterprises. This expansion underscores the company’s strategy to decentralize its delivery footprint across India while boosting the local technology ecosystem in the state.

The agreement was announced on July 24, 2026, through a filing with the Bombay Stock Exchange and the National Stock Exchange of India Limited. The new center will complement HCLTech's proposed AI Data Center located in the upcoming Odisha Sovereign AI Park. Management indicated that the investment aims to generate direct and indirect employment opportunities while strengthening the local talent pool through structured engagement with educational institutions and government bodies.

Rahul Singh, COO – Corporate Functions at HCLTech, stated that the move aligns with the company's "New Vistas" initiative, which focuses on expanding presence across India to bring opportunities closer to talent hubs. He noted that Odisha offers a combination of quality infrastructure and a vibrant talent pool, positioning Bhubaneswar as a key global innovation and delivery hub.

Shri Vishal Kumar Dev, IAS, Additional Chief Secretary of the Government of Odisha, welcomed the decision, noting that the partnership would enhance Bhubaneswar's status as a promising technology hub in India.

Expansion Details

Parameter Detail
Location Bhubaneswar, Odisha
Capacity 5,000 people
Expected Start 2028
Key Focus AI-led digital solutions

What the Numbers Show

The establishment of this center adds to HCLTech's substantial domestic footprint. The company currently employs over 170,000 people in India across campuses in Noida, Bengaluru, Chennai, Hyderabad, Pune, Lucknow, Nagpur, Madurai, Vijayawada, and GIFT City. Globally, the firm reports a workforce of more than 223,000 people across 60 countries. With consolidated revenues totaling $14.8 billion for the 12 months ending June 2026, the Bhubaneswar facility represents a strategic capacity addition aimed at supporting continued service delivery growth without relying solely on traditional metro-centric hiring models.

Historical Stock Returns for HCL Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+1.33%+6.22%+13.68%-26.11%-17.55%+26.89%

How will HCL Technologies plan to bridge the potential skills gap in Odisha to meet the demand for AI-led digital solutions by the 2028 operational start date?

What specific competitive advantages does Bhubaneswar offer over traditional IT hubs like Bengaluru or Hyderabad that justify this decentralization strategy?

How might this expansion impact HCLTech's cost structure and profit margins compared to its existing metro-centric delivery centers?

HCL Technologies signs MoU for Rs 14,257 crore AI data center in Odisha

1 min read     Updated on 24 Jul 2026, 12:21 PM
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AI Summary

HCL Technologies partnered with Sarvam and the Odisha Government via an MoU signed on July 24, 2026, to establish an AI data center in Bhubaneswar with a Rs 14,257 crore outlay. The facility will support sovereign AI initiatives, leveraging HCLTech's infrastructure and Sarvam's models to serve public and private sectors.

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HCL Technologies signed a Memorandum of Understanding (MoU) on July 24, 2026, with Sarvam and the Government of Odisha to establish its first AI data center in Bhubaneswar. The project, located within the upcoming Odisha Sovereign AI Park, carries a planned capital outlay of Rs 14,257 crore, including financial assistance from the state government. This collaboration aims to accelerate India’s sovereign AI ecosystem by leveraging HCLTech’s full-stack AI capabilities and Sarvam’s foundation models to deliver sector-specific applications to public and private enterprises.

Strategic Partnership Details

The MoU was signed in the presence of key leadership from all three entities, including Roshni Nadar Malhotra, Chairperson of HCLTech; C Vijayakumar, CEO and Managing Director of HCLTech; Pratyush Kumar, Co-Founder of Sarvam; Mohan Charan Majhi, Chief Minister of Odisha; and Dr Mukesh Mahaling, Minister of Electronics and IT, Government of Odisha. The initiative aligns with the broader vision of Digital India and Atmanirbhar Bharat, focusing on delivering multi-lingual AI-based services to last-mile beneficiaries.

Parameter: Details
Project Location: Bhubaneswar, Odisha (Odisha Sovereign AI Park)
Partners: HCL Technologies, Sarvam, Government of Odisha
Capital Outlay: Rs 14,257 crore
Key Signatories: Roshni Nadar Malhotra, C Vijayakumar, Pratyush Kumar

Executive Commentary

Roshni Nadar Malhotra emphasized HCLTech’s role as a flagbearer of India’s technology industry, stating that the company strives to enable India’s sovereign AI ecosystem through focused investments and partnerships. C Vijayakumar described the move as a milestone in HCLTech’s full-stack AI strategy, noting that Odisha offers a progressive policy environment and excellent infrastructure. He highlighted that the partnership will unlock scale in their strategic collaboration with Sarvam.

Pratyush Kumar, Co-Founder of Sarvam, stated that the Odisha Sovereign AI Park will connect high-performance compute with Indian models and real-world applications. He expressed excitement about bringing Sarvam’s full-stack AI capabilities to enterprises and public systems at scale alongside HCLTech.

Market Context

India remains one of the fastest-growing technology markets globally and a significant growth driver for HCLTech. The country’s data center ecosystem is expanding rapidly due to strong demand from the digital economy, data localization requirements, and critical infrastructure needs for GPU deployments supporting AI training and inference workloads. HCLTech reported consolidated revenues of $14.8 billion for the 12 months ending June 2026, underscoring its substantial operational scale as it enters the sovereign AI infrastructure space.

Historical Stock Returns for HCL Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+1.33%+6.22%+13.68%-26.11%-17.55%+26.89%

How will HCL Technologies allocate its capital expenditure between this Rs 14,257 crore Odisha project and other global AI infrastructure initiatives in the coming fiscal years?

What specific regulatory or policy frameworks will the Odisha Sovereign AI Park implement to ensure data sovereignty and compliance with India's evolving digital laws?

How might Sarvam's integration of Indian language models into this data center impact HCLTech's competitive positioning against global hyperscalers in the domestic enterprise market?

More News on HCL Technologies

1 Year Returns:-17.55%