Infosys positioned to tap into an AI opportunity worth up to $400 billion by 2030: Nandan Nilekani

Infosys was already collaborating with 90% of its top 200 clients on their AI journeys, as the industry was going through a major technology transition, and this has positioned Infosys well to tap into an AI-first services opportunity of $300 to $400 billion by 2030, Infosys Chairman Nandan Nilekani said while addressing shareholders at the company’s 45th Annual General Meeting on Tuesday (June 23, 2026).

“The AI deployment gap in our large enterprise clients is real, and closing that gap is where the work is. AI will not replace companies like ours. It will amplify those who move with purpose and adapt with speed,’’ Mr. Nilekani assured thousands of shareholders adding that, more than three years after GenAI’s launch, Infosys remained more relevant than ever and well-positioned for the decade ahead.

Referring to the existential questions asked on the impact of AI on the company, he explained, the AI revolution has made legacy modernisation urgent in a way nothing else has, and clients were moving to retire the technical debt accumulated over decades. The preference would be to build versus buy for software and all this would create even larger opportunities for the company.

“The defining opportunity lies in integrating intelligent AI systems with mission-critical enterprise platforms. The greatest value will come from combining the world of models and agents with traditional transaction systems that continue to underpin enterprise operations. That convergence is where the next wave of opportunities would emerge.’’

Mr. Nilekani further said, the AI era required fresh learning and new mental models and the company was systematically building talent for this new era. Infosys recruited over 20,000 college graduates during FY2026 and ended with a workforce of over 3,25,000 employees, he added.

Providing highlights of performance, he said fiscal 2026 has been a year of disciplined execution and resilience for Infosys, even as the external environment continued to evolve. The company delivered $20.2 billion in revenues, growing 3.1% in constant currency, while maintaining a strong adjusted operating margin of 21% and generated $3.7 billion free cash which is 112.6% of net profit. This was the second consecutive year when the company has generated free cash flows of more than 100% of net profit, he narrated.

“Large deal TCV for fiscal 2026 was at $14.9 billion, with 55% being net new. This reflects the strong trust our clients have in us and relevance of our strategy, and provides a robust foundation to build on in the months ahead,’’ he explained to the shareholder community.