Covasant Technologies appoints Phaneesh Murthy, ex-Infosys and iGATE leader, as Non-Executive Director to accelerate growth and redefine enterprise automation with Agentic AI.
India: Covasant Technologies, an emerging force in Enterprise AI and Agentic AI-led “Services-as-Software,” today announced the appointment of Phaneesh Murthy, a tech industry luminary known for transforming Infosys and iGATE into billion-dollar enterprises, as a Non-Executive Director on its Advisory Board. This strategic addition underscores Covasant’s commitment to disrupting the traditional IT services paradigm by pioneering autonomous AI solutions with human oversight, setting the stage for a new era of enterprise automation.
C. V. Subramanyam, Chairman and Managing Director, Covasant Technologies, emphasized the significance of the appointment: “Phaneesh is one of the architects of the IT industry’s first wave of global success. His joining us signals a fundamental shift in how value will be created in this industry for the next decade. His experience will be pivotal in steering Covasant’s strategy, driving innovation, and reinforcing our leadership in Agentic AI that delivers tangible business outcomes.”
Phaneesh Murthy, known for his ability to identify and harness transformative technology trends, brings a wealth of strategic insight at a critical time for Covasant. His expertise will guide the company’s expansion into verticals like healthcare, BFSI, manufacturing, and media and communications—domains poised to benefit from Covasant’s autonomous AI agents designed to handle complex tasks like supply chain orchestration and financial audits with built-in compliance.
“The industry is flooded with AI hype—everyone has a chatbot,” said Phaneesh Murthy. “But Covasant is going beyond gimmicks by building autonomous AI agents with human oversight that can manage real-world business processes across industries. Their Services-as-Software model is the logical evolution of the global services industry. I believe Covasant has both the vision and execution capability to become the next great enterprise technology company, not just another services firm.”
About Covasant:
Covasant Technologies Private Limited is redefining enterprise services with Agentic AI-led solutions that automate decision-making, simplify operations, and deliver measurable business impact. Its unique Services-as-Software model integrates data engineering, AI, digital, and enterprise risk management capabilities to drive transformation across industries including banking, financial services, healthcare, manufacturing, and media. Covasant operates from Hyderabad, London, and Plano, delivering scalable, compliant, and intelligent AI solutions globally.