Tuesday, 20 October 2026 NSE & BSE filings, as they land
ALFA News Straight from the exchange filing
Partnership

Infosys and Truist Expand Strategic Collaboration to Build AI-First GCC in Hyderabad

Infosys has announced an expanded strategic collaboration with US-based Truist Financial Corporation to establish and scale an AI-first Global Capability Center (GCC) in Hyderabad. The initiative involves transitioning over 1,000 personnel into a unified operating model to accelerate the bank's digital transformation and innovation efforts.

Woman in office workspace using a computer focused on work tasks. Stock photo illustrating Infosys' partnership story.
Photo: EqualStock IN / Pexels
Key numbers
Market Cap ₹4,57,956 CrSoftware & Services
P/E TTM 15.12Sector: 23.38
Revenue TTM ₹1,84,582 CrTTM Performance
Day RSI 69.82Near Overbought
Infosys · share price, past month

Key highlights

  • Expanded collaboration with Truist, a top-10 US commercial bank with $556 billion in assets
  • Establishment of an AI-first Global Capability Center (GCC) based in Hyderabad, India
  • Consolidation of multiple supplier relationships into a single, cohesive operating model
  • Onboarding of more than 1,000 colleagues scheduled for later in October 2026
  • Implementation of Infosys Topaz and Build-Operate-Transfer (BOT) model for scaling

AI-Driven Banking Hub in Hyderabad

Infosys is set to enable Truist in building a self-sustaining center of excellence by integrating artificial intelligence, technology, data, and operations into a single cohesive delivery framework. The Global Capability Center in Hyderabad aims to reduce third-party dependency while cultivating future-ready technology talent. This expansion comes as Infosys maintains a strong financial profile, reporting quarterly revenue of ₹48,211 crore for the period ended June 30, 2026, which represents a 14.03 percent year-on-year growth.

By leveraging its Infosys Topaz platform and deep financial services expertise, the company will support Truist's transition into an agile, AI-enabled enterprise.

Scaling Large Deal Momentum

  • The Truist collaboration follows a robust Q1 FY27 where Infosys secured a Total Contract Value (TCV) of $3.6 billion in large deals.
  • Truist ranks as a top-10 US commercial bank, offering wholesale and consumer banking with a significant market share in high-growth US regions.
  • The GCC model is designed to enhance client experiences and empower teammates through a digitally enabled banking framework.
  • Infosys recently announced other strategic AI collaborations with partners like Columbia University, ABN AMRO, and OpenAI to accelerate enterprise adoption.
  • The company reports a healthy 31.7 percent Return on Equity (ROE) and maintains a Piotroski Score of 7, indicating strong financial health.

Strategic Focus on AI-Led Transformation

We are proud to deepen our long-standing relationship with Truist as they evolve their presence in India into a strategic engine for AI-led transformation and reimagination. By leveraging Infosys Topaz, our proven Build, Operate and Transfer enablement model and deep financial services expertise, we are committed to helping Truist build a resilient, scalable digital core.

— Dennis Gada, EVP and Global Head of Banking and Financial Services, Infosys
Earlier announcements by Infosys
DateAnnouncementAmount
01 Oct 2026Strategic collaboration with Columbia University to advance deep research, AI innovation, and business valueSource: infosys.com–
30 Sep 2026Strategic collaboration extension with ABN AMRO Bank to accelerate AI-driven digital transformationSource: infosys.com–
18 Aug 2026Strategic long-term collaboration with Knorr-Bremse AG to modernise enterprise IT operations with AISource: prnewswire.com–
25 Jun 2026Multi-year agreement with GlobalFoundries to modernise global enterprise IT operations with AISource: electronics.economictimes.indiatimes.com–
22 Apr 2026Strategic collaboration with OpenAI to accelerate enterprise AI adoption and software engineeringSource: infosys.com–
07 Apr 2026Strategic collaboration with Harness to accelerate agentic AI-driven software delivery transformationSource: harness.io–

What to watch next

  • Successful onboarding of 1,000+ colleagues in Hyderabad, late October 2026
  • Announcement of second quarter financial results, October 23, 2026
  • Further updates on the conversion of the $3.6 billion large deal pipeline into revenue

“Our Global Capability Center in India is a strategic investment in Truist’s future. As we accelerate our transformation into a more agile, AI-enabled enterprise, we are intentionally building global capabilities that allow us to move faster, innovate at scale, and better serve our clients.”

— Steve Hagerman, Chief Information Officer, Truist

“Financial institutions today must move decisively from modernizing legacy infrastructure to deploying AI at scale across every function.”

— Dennis Gada, EVP and Global Head of Banking and Financial Services, Infosys
Infosys · financial snapshot
Share price₹1128.45
Market capitalisation₹4.58L Cr
Revenue (annual)₹1.79L Cr
Net profit (annual)₹29,440.00 Cr
Revenue (latest quarter)₹48,211.00 Cr+3.90% vs previous quarter
Net profit (latest quarter)₹7,769.00 Cr-8.61% vs previous quarter
P/E (TTM)15.12×Sector 23.38×
Promoter holding13.82%-0.56% QoQ
FII holding27.09%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.

Source verified

Exchange filing by Infosys Ltd announcing an expanded strategic collaboration with Truist Financial Corporation to build a Global Capability Center in India. Market figures from a third-party data provider.

Read the filing ↗
All Infosys filings and newsView all → Every Infosys announcement on ALFA FilingsSee filings →

Track Infosys live

Get the next Infosys filing on Telegram seconds after it lands. 15 days free.

Start free trial

More from Infosys

All →

More in Partnerships

All →