HCLTECH : MINORITY INVESTMENT IN SARVAM AI WORTH OVER ₹1,427.25 CR

• Minority investment of ₹1,427.25 Cr in Axonwise Private Limited (Sarvam AI), an Indian AI company • Sarvam AI is India's full-stack sovereign AI company, building frontier models across text and other modalities • Investment will fund Sarvam's continued research and development for next-generation frontier models • HCLTech to accelerate Sarvam's vision of building a powerful, end-to-end sovereign AI ecosystem • Sarvam AI raised $234 million in its Series B at a $1.5 billion valuation, with HCLTech leading the round

HCL Technologies Limited

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