Key Highlights
- HCLTech will invest ₹1,427.25 crore in Sarvam AI through a cash transaction.
- The investment will secure a 10.46% stake in Sarvam AI through the acquisition of 41,421 equity shares.
- Sarvam AI recently raised $234 million in the first close of its $300 million Series B funding round at a $1.5 billion valuation.
- HCLTech is participating as the lead strategic investor in the funding round.
- The acquisition is expected to be completed within two weeks of signing.
- Sarvam AI reported unaudited FY2026 revenue of ₹45.10 crore.
HCL Technologies Limited (HCLTech) has announced a strategic investment of ₹1,427.25 crore in Axonwise Private Limited, operating as Sarvam AI, acquiring a 10.46% stake in the Indian sovereign artificial intelligence company. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the company’s regulatory filing dated June 15, 2026, HCLTech will acquire 41,421 equity shares of Sarvam AI through a 100% cash consideration transaction. The acquisition is expected to be completed within two weeks of signing, and no governmental or regulatory approvals are required for the deal.
Sarvam AI, incorporated on July 14, 2023, is an India-based full-stack sovereign AI company focused on developing foundational AI models, infrastructure, and enterprise AI applications. The Bengaluru-headquartered startup builds AI solutions across text, speech, vision, and document processing, with applications spanning banking, insurance, government technology, and defence sectors.
The investment aligns with HCLTech’s strategy to expand its artificial intelligence capabilities and accelerate the development of sovereign AI solutions for enterprises and governments. The company stated that the funding will support Sarvam AI’s research and development efforts, including training next-generation frontier AI models for agentic AI, coding, and cybersecurity applications.
HCLTech said the partnership would combine its enterprise transformation expertise and global client relationships with Sarvam AI’s research capabilities to create end-to-end sovereign AI solutions. The collaboration is expected to help develop industry-specific language models and AI applications tailored to enterprise requirements across various sectors.
The investment will also support the expansion of Sarvam AI’s multilingual AI capabilities in India and international markets. Additionally, the partnership aims to accelerate the adoption of localized and compliant AI solutions for governments, regulated industries, and enterprises seeking secure AI deployments.
Sarvam AI recently announced that it had secured $234 million in the first close of its planned $300 million Series B funding round at a post-money valuation of $1.5 billion. HCLTech participated as the lead strategic investor, alongside Bessemer Venture Partners, with continued backing from existing investors Khosla Ventures and Peak XV Partners.
In its disclosure, HCLTech noted that Sarvam AI generated unaudited revenue of ₹45.10 crore during FY2026, compared with ₹1.50 crore in FY2025. The startup’s AI offerings include foundation models, software-as-a-service platforms, smart device applications, and wearable AI solutions.
Sarvam AI has established partnerships with several Indian enterprises, including SBI Life, ICICI, IDFC, Tata Capital, and CRED, as it continues to expand its presence in India’s rapidly evolving artificial intelligence ecosystem.
The strategic investment highlights HCLTech’s commitment to strengthening India’s sovereign AI infrastructure while expanding its own AI capabilities to serve enterprise and government clients globally.