Covasant Technologies, an AI-led services as Software company, announced that Phaneesh Murthy has joined its Advisory Board as a Non-Executive Director.
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.
Murthy will be instrumental in shaping Covasant’s global expansion, particularly in key verticals like healthcare, BFSI, manufacturing, and media and communication.
C. V. Subramanyam, Chairman and Managing Director, Covasant Technologies, said, “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. 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.”
Phaneesh Murthy said, “The industry is flooded with AI hype. Everyone has a chatbot! 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.”
