Latest news with #CovasantTechnologies
Hans India
23-07-2025
- Business
- Hans India
Enablr to help GCCs bridge strategic value gap
Hyderabad: Covasant Technologies has unveiled Enablr, a new AI-first practice aimed at transforming how Global Capability Centers (GCCs) are conceived, built, and scaled. Designed to support both new and mature GCCs, Enablr offers a comprehensive suite of AI-driven solutions that promise faster setup, greater strategic alignment, and measurable business impact. As the GCC landscape rapidly evolves—with over 2,000 centers operating in India and employing nearly two million professionals—Enablr enters the market to address a key challenge: bridging the 'strategic value gap' between operational efficiency and enterprise-level innovation. 'GCCs have moved beyond being back-end support systems. They are now innovation hubs central to enterprise transformation,' said Chairman and Managing Director of Enablr. 'With Enablr, we empower organizations to not only build future-ready centers from day one but also help mature GCCs evolve into indispensable strategic partners.' According to a PWC India report, GCCs are projected to grow at a CAGR of 11–12% from FY2025 to FY2029, especially in AI, data engineering, cloud, cybersecurity, and product development. Enablr is uniquely positioned to capitalize on this trend by providing AI-native frameworks that align GCC functions with broader enterprise goals. The platform supports the entire GCC lifecycle—from strategic planning and location selection to operational design, talent acquisition, and AI integration.
Hans India
25-06-2025
- Business
- Hans India
IT Services Titan Phaneesh Murthy Bets on a New Horse, Joins AI Challenger Covasant to Build the AI-Services Future
In a move that signals a potential shift in the enterprise technology landscape, Covasant Technologies, an emerging leader in Enterprise AI and Agentic AI-led services as software, today announced that tech industry icon Phaneesh Murthy has joined its Advisory Board and will serve as a Non-Executive Director. This appointment reinforces Covasant's ambition to lead the enterprise AI era through breakthrough technology, guided by seasoned strategic leadership to scale responsibly and globally. Murthy, renowned for scaling both Infosys and iGate into billion-dollar powerhouses, is making a deliberate bet on Covasant's vision for Agentic AI as a new frontier where AI doesn't just assist humans, but acts as an autonomous agent to reimagine and run complex business processes and workflows. His appointment is a significant endorsement of Covasant's ambition to challenge the traditional IT services model and define the future of enterprise automation. "For decades, the IT industry's brilliance was in its ability to scale human expertise. We've now reached a turning point. The goal today is to empower that expertise with true efficiency and autonomy, powered by AI," said C V Subramanyam, Chairman and Managing Director of Covasant. "Phaneesh joining us is a landmark moment because he's one of the architects of that first IT wave, he sees clearly where the next one is headed and it signals a fundamental shift in how value will be created in this industry for the next decade. We're thrilled to have him and are certain that his business acumen, and his wealth of experience will be instrumental in shaping our strategic direction, driving innovation, and solidifying our position as a trusted leader in Agentic AI that delivers tangible business impact for enterprises.' Murthy's career has been defined by identifying and capitalising on the "next big thing" in technology services. His decision to join a nimble, specialized firm like Covasant is seen as a leading indicator of where enterprise value will be created next. He will be instrumental in shaping Covasant's global expansion, particularly in key verticals like healthcare, BFSI, and manufacturing. "The industry is flooded with AI hype. Everyone has a chatbot!," said Phaneesh Murthy. "But very few are building what Covasant is: autonomous AI agents with human in the loop, that can actually run a supply chain, manage a financial audit, or solve other real-business challenges across domains, flawlessly. They're not just building better tools; they're building a new kind of workforce, with guardrails to ensure AI stays compliant while delivering value. The 'Services-as-Software' model is the most logical evolution of the global services industry. I'm here because I believe Covasant has the vision and the DNA to lead it. This is about building the next great enterprise technology company, not just another services firm."
