Amid global macroeconomic shifts and rising uncertainty, India is emerging as a key driver of change, said TCS CEO K Krithivasan. With this prevailing uncertainty, K Krithivasan noted the importance of enterprises remaining adaptable, pointing to digital technology as a crucial enabler of inclusive growth.
He said, "We don't have to look outside of India. So we will work with the entire ecosystem here to deliver these solutions. It is a collective power we believe that will take India to a new height."
He added that TCS aims to drive industry modernisation and smarter public services, focusing on digital sovereignty through partnerships with enterprises, academia, and start-ups.
Krithivasan was speaking at an event named ‘Accelerating India’ in New Delhi that was organised by TCS. The event saw the launch of TCS SovereignSecureCloudTM, an indigenous and secure cloudbuilt and managed by TCS.
The company claims that this cloud comes with integrated AI capabilities to support government institutions, public sector enterprises, and regulated industries. The event also saw the launch of TCS DigiBOLTTM, an AI-enabled low-code platform, and TCS Cyber Defense Suite in India, that will help enterprises to fast-track their digital innovation and cyber resilience
The company’s revenue from operations went up by 5.3% compared to the same time last year, reaching Rs 64,479 crore in its Q4 results. In terms of industry growth, the energy, resources, and utilities segment grew by 5.1%, and the manufacturing sector saw a 2.9% increase. However, the company’s net profit dropped slightly by 1.7% at Rs 12,224 crore.
In the Q4 earnings call, speaking about the various demand drivers during the quarter, Krithivasan said on April 10 that they have seen instances of delays in decision-making and discretionary spending has come under heightened scrutiny and pressure recently. He added that in order to succeed in the current environment, businesses need to adapt quickly, stay ahead of changes, and use potential disruptions as opportunities to gain a competitive edge.
During the Q4 earnings call, he also highlighted a noticeable shift in the cloud market in FY '25, pointing out significant growth in the demand for sovereign cloud solutions, increased investments in AI infrastructure, and an acceleration in the modernisation of legacy systems. He explained that these developments were largely being driven by growing concerns around data privacy, the need for real-time insights, and the pressure on businesses to keep up with the latest technological advancements.
He also mentioned during the call that certain sectors, particularly the consumer business, were experiencing a greater impact. Industries such as retail, consumer packaged goods (CPG), airlines, travel, and hospitality were notably affected. He added that there was also a noticeable impact within the automotive sub-segment of the manufacturing sector.
