HCLtech signs undisclosed multi-year FY26 deal using AI Force platform
HCLtech just signed a multi-year deal that runs into FY26, but they haven’t said how much it’s worth. The contract leans on AI Force - the company’s GenAI platform - and HCLtech says it’s a sign they want AI to be a real differentiator. The exact numbers stay hidden, which makes it tricky to compare with what’s happening in the wider Indian IT market.
In Q2 FY26, TCS reported a total contract value of about $10 billion, yet its bookings for that quarter were only around $1 billion. That gap suggests big headline figures can sit next to modest quarterly inflows. Without a disclosed price, it’s unclear how HCLtech’s new partnership measures up against TCS’s numbers that dominate the news.
Still, betting on a GenAI platform hints they’re counting on artificial-intelligence skills to stand out. Whether that gamble will turn into real growth? Hard to say at this point.
The multi-year deal, whose value has not been disclosed, leverages AI Force, HCLtech’s GenAI-led platform, emphasising the company’s focus on its AI offerings as a key differentiator in the industry. Total TCVs of Indian IT firms in Q2 FY26 TCS ($10 Billion) TCS’s second-quarter bookings totalled $10 billion, spread across BFSI, healthcare, manufacturing and retail. Multiple multi-year contracts fueled this surge, highlighting TCS’s unmatched scale in handling enterprise complexity.
Amidst this, the company also said during the analyst call that it plans to invest $6-7 billion over the next six to seven years to build 1 GW of AI data centres. It’s the biggest AI investment commitment ever made by the Indian tech giant. Infosys ($3.1 Billion) The company’s free cash flow reached $1.1 billion, equivalent to 131.1% of net profit, while the total contract value of large deal wins was $3.1 billion, 67% of which consisted of net new deals.
The first half of FY26 has already seen a string of multi-year, multi-billion-dollar contracts land with Indian IT players. HCLtech’s newest deal - price not disclosed - leans heavily on its AI Force platform, a GenAI-driven service the company claims sets it apart. Those contracts span BFSI, healthcare, telecom and global enterprise, turning what were once just relationships into sizable revenue streams.
Without a headline number, though, it’s hard to tell how much this will lift HCLtech’s top line. By contrast, TCS announced about $10 billion in total contract value for the same period, which hints at the scale its peers are operating at. Clients do seem to be gravitating toward AI-led transformation, yet whether AI Force will actually deliver benefits beyond the buzz remains uncertain.
The sheer size of these agreements suggests confidence in long-term spend, but whether that momentum can be sustained is still up in the air. As vendors keep bundling consolidation, infrastructure upgrades and AI into their pitches, we’ll all be watching closely to see if the promised results actually show up.
More in Business & Startups
AI shifts hiring: companies favor generalist engineers over specialists
Why are hiring managers rethinking their talent playbooks? The rise of AI tools is nudging firms...
Rivian showcases new AI chip and silicon inspection labs in office tour
Rivian is opening its doors to a behind‑the‑scenes look at the hardware that could define the next...
Anthropic's AI store profits as CEO acknowledges eternal transcendence
Anthropic’s new AI storefront is finally turning a profit, a milestone that feels almost ceremonial...
Gnani.ai launches Vachana STT model as core IndiaAI infrastructure
Gnani.ai, the Bengaluru‑based speech‑technology firm, has just put its newest speech‑to‑text engine...
PC Company Invests in AI Engines, Context‑Aware Computing, Intelligence
A PC maker long known for assembling laptops and desktops is now positioning itself as a backbone...
Common Questions Answered
What is the AI Force platform that HCLtech is using for its undisclosed FY26 deal?
AI Force is HCLtech's proprietary GenAI-led platform, which the company is leveraging as a core differentiator for this multi-year contract. The platform is central to the company's strategy of emphasizing its AI offerings to secure significant business in the competitive IT sector.
Why has HCLtech chosen not to disclose the value of its multi-year FY26 contract?
HCLtech has kept the deal's price tag under wraps, making the agreement opaque and difficult to gauge in terms of its true impact on the company's top line. This lack of disclosed value is a notable aspect of the announcement, even as other firms like TCS report massive TCV figures.
How does TCS's reported $10 billion TCV in Q2 FY26 compare to the broader Indian IT sector trends mentioned?
TCS's reported $10 billion total contract value in the second quarter of FY26 highlights a significant surge in bookings for the Indian IT sector, spread across industries like BFSI, healthcare, and retail. This figure underscores the sector's ability to turn client relationships into sizable multi-year revenue opportunities, contrasting with HCLtech's undisclosed deal value.
Which industries are driving the multi-year contracts for Indian IT firms like TCS in FY26?
The surge in contracts, exemplified by TCS's $10 billion TCV, is being driven by demand from key industries including BFSI, healthcare, manufacturing, and retail. These sectors are fueling the string of multi-billion-dollar agreements that characterize the FY26 first half for Indian IT companies.