Phaneesh Murthy Joins Covasant to Drive Global Growth in Enterprise AI

Phaneesh Murthy Joins Covasant as Strategic Advisor to Drive Enterprise AI Innovation

Covasant Technologies, a rising name in Enterprise AI and Agentic AI-led services, has announced the addition of Phaneesh Murthy to its Advisory Board as a Non-Executive Director. This move reflects Covasant’s commitment to delivering forward-thinking AI solutions with experienced guidance to scale responsibly on a global level.

Murthy, known for his pivotal role in growing Infosys and iGATE into billion-dollar companies, brings deep industry insight to Covasant’s mission. His involvement signals a clear intention to challenge traditional IT service models and advance enterprise automation, especially in the emerging field of Agentic AI.

Strategic Direction Fueled by Proven Leadership

C. V. Subramanyam, Chairman and Managing Director of Covasant Technologies, emphasized the shift in value creation within the IT industry. He noted, “The IT industry’s strength has long been scaling human expertise. Now, the focus is on empowering that expertise with true efficiency and autonomy through AI.”

Subramanyam described Murthy’s appointment as a milestone, highlighting his experience as a key architect of the first wave of IT growth and his clear perspective on the next. Murthy’s business acumen will be central to shaping Covasant’s strategy, driving innovation, and cementing its position as a trusted leader in Agentic AI.

Building the Next Enterprise AI Workforce

Phaneesh Murthy’s career is marked by identifying emerging opportunities in technology services. His choice to join a focused, agile company like Covasant reflects where he sees enterprise value heading next.

Murthy pointed out the gap between AI hype and real-world application: “The industry is flooded with AI hype. Everyone has a chatbot! But very few are building what Covasant is: autonomous AI agents with human oversight that can manage complex tasks like supply chains or financial audits flawlessly.”

He emphasized that Covasant is creating not just better tools, but a new kind of workforce with built-in compliance and value delivery. Their “Services-as-Software” approach represents an evolution in how global services operate. Murthy believes Covasant has the vision and capabilities to lead this change and build a significant enterprise technology company.

Focus on Key Industries and Global Growth

Murthy will play an important role in guiding Covasant’s global expansion, particularly in sectors such as healthcare, banking and financial services (BFSI), manufacturing, and media and communications. His expertise is expected to help Covasant scale its innovative AI solutions across these verticals effectively.

Executives and strategists aiming to understand how AI is driving enterprise transformation will find Covasant’s approach noteworthy. Their model of autonomous AI agents combined with human control offers a practical framework for improving operational efficiency and compliance.

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