Anand Mahindra on AI and IT services

At Mahindra & Mahindra's 39th Annual General Meeting on July 17, 2026, Chairman Anand Mahindra addressed concerns that AI would kill India's IT services industry, asserting that the sector's role will not diminish but become more important as enterprises seek trusted partners to integrate, govern, and scale AI. He emphasized that AI is central to business operations but requires integration with legacy systems, fragmented data, and regulatory compliance. Mahindra highlighted Mahindra & Mahindra's strong performance, including ten consecutive quarters of margin expansion and deal wins exceeding $1 billion in successive quarters. He also called for India to build sovereign AI capabilities, citing the PARAM supercomputer as an example of denial-driven innovation. Mahindra & Mahindra has launched Project Helix, combining human expertise with AI agents. The company was recognized by Gartner as an Emerging Leader in Generative AI Consulting and Implementation Services and included in the World Economic Forum's MINDS cohort. Mahindra stressed that India must be a creator and shaper of AI, not just a consumer.