Wedoany.com Report-Oct. 28, LTIMindtree (LTIM.NS) is strengthening its focus on artificial intelligence through increased investments in a newly launched platform designed to help businesses adopt AI technologies, CEO Venugopal Lambu said on Monday. The initiative comes as India’s $283 billion IT industry faces tighter client budgets and reduced spending on non-essential projects.

Figurines with computers and smartphones are seen in front of LTIMindtree logo in this illustration taken, February 19, 2024.

The company’s new AI business, called BlueVerse, was launched in June. It provides ready-made digital assistants and AI tools to help firms solve operational and business challenges. Lambu described the growing corporate focus on AI as a major opportunity, stating: “The conversation around AI is getting serious. That's the big green shoot I see.” He did not disclose the amount LTIMindtree plans to invest in the unit.

According to Lambu, the company is witnessing an increase in smaller, AI-driven projects that generate quick revenue, while also seeing AI become an integral part of larger, strategic contracts. This dual trend reflects how artificial intelligence is transforming both short-term business operations and long-term technology partnerships.

However, the integration of AI is also creating new challenges for IT service providers. In the most recent quarter, LTIMindtree recorded lower revenue contributions from its top five clients. These clients have requested that the company pass on cost savings generated through AI-led productivity improvements. Lambu described this as a temporary issue, explaining that such operational adjustments are part of the natural transition toward more AI-enabled business models. He added that LTIMindtree remains on track to achieve near double-digit revenue growth by the end of the financial year.

AI continues to dominate strategic discussions within the IT industry, but many firms have not yet disclosed separate financial data related to AI-specific revenue. Despite this, executives across the sector acknowledge that artificial intelligence is becoming central to future service delivery and client engagement strategies.

Lambu emphasized that LTIMindtree’s approach focuses on embedding AI within existing client solutions rather than treating it as an isolated service. This model allows companies to gain immediate benefits from automation, improved data analysis, and faster decision-making.

The growing demand for AI-based solutions has led LTIMindtree to strengthen its research and development capabilities while expanding its pool of AI specialists. The company expects its BlueVerse platform to serve as a foundation for scaling AI adoption across industries, helping clients accelerate digital transformation while maintaining efficiency and cost control.

With BlueVerse, LTIMindtree aims to position itself as a leading partner for enterprises integrating AI into their operations. As global demand for intelligent automation and data-driven solutions continues to expand, the company sees AI as a core driver of sustainable growth and innovation across its technology portfolio.