Murthy’s business acumen and decades of experience will guide Covasant as it navigates the global Enterprise AI landscape.
New Delhi: Covasant Technologies, an emerging leader in Enterprise AI and Agentic AI-led services as software, today announced that tech industry icon Phaneesh Murthy has joined its Advisory Board as a Non-Executive Director. This appointment reinforces Covasant’s ambition to lead the enterprise AI era through innovative AI and emerging tech solutions, guided by seasoned strategic leadership to scale responsibly and globally.
Murthy, renowned for scaling both Infosys and iGATE into billion-dollar powerhouses, now joins Covasant’s Advisory Board to help power the company’s vision for disruptive growth in Enterprise AI. His appointment marks a significant endorsement of Covasant’s aspiration to challenge the traditional IT services model and define the future of enterprise automation, particularly in the evolving field of Agentic AI.
“For decades, the IT industry’s brilliance was in its ability to scale human expertise. We’ve now reached a turning point. The goal today is to empower that expertise with true efficiency and autonomy, powered by AI,” said C. V. Subramanyam, Chairman and Managing Director, Covasant Technologies. “Phaneesh joining us is a landmark moment because he’s one of the architects of that first IT wave. He sees clearly where the next wave is headed, and it signals a fundamental shift in how value will be created in this industry for the next decade. We’re thrilled to have him on board and are certain that his business acumen, and his wealth of experience will be instrumental in shaping our strategic direction, driving innovation, and solidifying our position as a trusted leader in Agentic AI that delivers tangible business impact for enterprises.”
Murthy’s career has been defined by identifying and capitalizing on the “next big thing” in technology services. His move to a focused, nimble and specialized firm like Covasant is an indicator of where enterprise value will be created next. Murthy will be instrumental in shaping Covasant’s global expansion, particularly in key verticals like healthcare, BFSI, manufacturing, and media and communication.
“The industry is flooded with AI hype. Everyone has a chatbot!,” said Phaneesh Murthy. “But very few are building what Covasant is: autonomous AI agents with human in the loop, that can actually run a supply chain, manage a financial audit, or solve other real-business challenges across domains, flawlessly. They’re not just building better tools; they’re building a new kind of workforce, with guardrails to ensure AI stays compliant while delivering value. Their ‘Services-as-Software’ model is the most logical evolution of the global services industry. I’m here because I believe Covasant has the vision and the DNA to lead it. This is about building the next great enterprise technology company, not just another services firm,” added Murthy.
