During HCL's 50-year anniversary celebration, CEO Vijayakumar C danced onstage, prompting an employee to humorously ask about appraisals.

When 46-year-old Anant Gupta took over as CEO of HCL Technologies from VineNayar, he inherited a high-flying company. Eighteen months on, Gupta has built on that momentum.

AI is beginning to make a dent in the business models of India’s big four technology services giants. Infosys, HCL, TCS, and ...