US-based IT services company Kyndryl has unveiled plans to invest $2.25 billion (around ₹19,600 crore) in India over the next three years, focusing on developing future-ready talent and setting up an AI innovation lab, the firm announced on Thursday.
The declaration followed a meeting between Kyndryl Chairman and CEO Martin Schroeter and Prime Minister Narendra Modi.
“It was a truly enriching meeting with Martin Schroeter. India warmly welcomes global partners to explore the vast opportunities in our nation and collaborate with our talented youth to innovate and excel. Together, we all can build solutions that not only benefit India but also contribute to global progress,” the Prime Minister stated after the meeting.
According to Kyndryl, its expansion strategy in India will centre on modernising critical technology infrastructure for top organisations across sectors.
“As part of this $2.25 billion commitment over the next three years, Kyndryl is focusing on the development of future-ready talent and establishing an AI lab in India to expand the company’s impact in the world’s most populous country,” the company said in a statement.
The IT firm already works with several of India’s leading institutions and corporations, including the Bengaluru International Airport, Canara Bank, Central Board of Direct Taxes, CreditAccess Grameen, Dr Lal PathLabs, Dr Reddy’s Laboratories, ESAF Small Finance Bank, Godrej Consumer Products, Honda Motorcycles and Scooter India, Noida International Airport, National Stock Exchange of India, Somany Ceramics, and Suryoday Bank.
“Kyndryl is a proud, trusted partner to our customers and an employer of choice to tens of thousands of Kyndryls across India. We’re committed to further developing our people, expanding our technical capabilities and strengthening community partnerships to support growth, innovation and opportunity,” Schroeter emphasised.
The planned investment will also involve creating an AI Innovation Lab in Bengaluru, enhancing collaboration with the Government of India on artificial intelligence, building IT talent, and providing digital skills training for nearly 200,000 citizens, according to the company.
The initiative is aligned with India’s long-term digital public infrastructure objectives and economic growth targets, particularly in areas such as AI, cybersecurity, and hybrid IT modernisation.
“With this commitment, Kyndryl is focused on further supporting our customers in meeting their diverse transformation needs and scaling their operations for the next era of growth,” said Lingraju Sawkar, President of Kyndryl India.
