IT Leaders Address AI Disruption Fears, Foresee Challenging Transition

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IT CEOs Dismiss AI Disruption Fears, Warn of Painful Transition

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Moneycontrol•27-02-2026, 12:39

IT CEOs Dismiss AI Disruption Fears, Warn of Painful Transition

•Indian IT leaders at NTLF 2026 state AI disruption fears are overblown, but a tough transition phase awaits the industry.
•HCLTech CEO C Vijayakumar calls market reaction to Indian IT stocks "overblown" but acknowledges a "painful reinvention" is necessary.
•TCS CEO K Krithivasan encourages an "AI-first" approach, even if it means short-term revenue cannibalization, to become an AI-led services provider.
•Nasscom projects 6.1% growth for the technology industry in FY26, with only 2,000 net job additions, indicating a shift from linear headcount growth.
•Experts like Cognizant's Babak Hodjat and McKinsey's Noshir Kaka emphasize the complexity of AI integration and expanding scope of IT services work.

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