HCL Technologies has been named the 2026 Global Alliances Americas Partner of the Year by Dell Technologies, recognizing the strength of its strategic collaboration and ability to deliver transformative outcomes. The company was also recognized as the 2026 Growth Partner of the Year for Global Alliances EMEA, reflecting its impact across key global markets and continued momentum with Dell Technologies. These accolades underscore the effectiveness of the partnership in enabling enterprises to scale AI and GenAI adoption across intelligent edge, cyber-resilient infrastructure, and modern data platforms.

The collaboration between HCLTech and Dell Technologies focuses on delivering integrated solutions spanning private AI, hybrid cloud, enterprise transformation, and AI-driven customer experience and edge operations. These solutions assist enterprise clients in transitioning their foundational infrastructure into outcome-driven, AI-powered operations. Ravi Hadke, Senior Vice President and Head of Tech OEMs at HCLTech, stated that the recognition reflects the depth of the partnership and a shared focus on driving AI-led business transformation for clients.

HCLTech operates as a global technology company with a workforce of more than 227,000 people across 60 countries. The company delivers industry-leading capabilities centered around AI, digital, engineering, cloud, and software, supported by a broad portfolio of technology services and products. It serves clients across major verticals, including Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Semiconductor, Telecom and Media, Retail and CPG, and Mobility and Public Services.

Consolidated revenues as of 12 months ending March 2026 totaled $14.7 billion. The company’s operational reach and financial scale position it to support large-scale digital transformations for its global client base.

HCL Technologies has completed an investment of ₹1,427.25 crore in Axonwise Private Limited, operating as Sarvam AI, to acquire a 10.46% stake. The transaction was finalized on June 25, 2026, through the subscription of 41,421 Series B2 Compulsory Convertible Preference Shares (CCPS), which were allotted to the company on the same day. These Series B2 CCPS are set to be converted into equity shares at a later date, marking a significant move in the artificial intelligence sector.

The investment follows a previous intimation dated June 15, 2026, where HCL Technologies had disclosed its intent to invest in the India-incorporated entity. The completion of this acquisition underscores the company's strategic focus on expanding its capabilities in the AI domain through targeted investments.

Investment Details

The transaction involved the subscription to Series B2 CCPS, a financial instrument that typically converts into equity shares after a specified period or upon meeting certain conditions. The table below outlines the key details of the investment:

The event was recorded on June 25, 2026, at 6 p.m. IST. The completion of this investment is expected to strengthen HCL Technologies' positioning in the rapidly evolving AI landscape, leveraging Sarvam AI's technological expertise.