Multibagger IT Major Expands NetApp Partnership for AI Adoption; Targets Enterprise AI and GenAI Growth

On Thursday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 61.95 points, or 0.25 per cent, to 24,374.00. In contrast, the Nifty IT index was trading at 31,392.05, up 59.50 points, or around 0.19 per cent. Amid the market movement, HCTechnologies' share price was trading at Rs 1,367.10, up 0.12 per cent. The Nifty IT has gained around 22 per cent since July 2, 2026, adding to the recent investor focus around the IT major.

HCLTech has expanded its collaboration with NetApp to offer hybrid cloud storage-as-a-service (STaaS) aimed at helping enterprises scale AI and data-driven workloads. The solution combines HCLTech's Utility for Everything (U4X) digital infrastructure framework with NetApp Keystone, a pay-as-you-go storage service.

The offering is designed to provide enterprises with a flexible, consumption-based infrastructure model that can support AI and GenAI applications alongside traditional enterprise systems. According to the company, organisations can scale storage, performance and data services based on changing workload requirements while supporting AI development, deployment and operations through HCLTech's AI Factory suite.

The partnership combines HCLTech's consumption-led operating model with NetApp's data management capabilities. The companies said the offering is intended to help enterprises move from AI pilots towards larger-scale adoption by improving data readiness and governance while allowing workloads to run closer to where data resides.

The companies also highlighted existing deployments across industries where their combined capabilities have been used to modernise data infrastructure and introduce flexible operating models. HCLTech said these implementations have supported improvements in agility, scalability & compliance.
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Commenting on the expanded collaboration, Alvaro Celis, Chief Partner and Ecosystem Officer at NetApp, said the partnership focuses on co-creating technology offerings, business models, solutions and services aimed at delivering customer value. Rampal Singh, Senior Vice President, Hybrid Cloud Business Unit at HCLTech, said the collaboration is focused on helping enterprises scale AI in a pragmatic and efficient manner by combining flexible infrastructure models with data management capabilities.

HCLTech is a global technology company with more than 223,000 employees across 60 countries, with capabilities spanning AI, digital, engineering, cloud and software. The company serves sectors including financial services, manufacturing, life sciences and healthcare, semiconductor, telecom and media, retail and consumer packaged goods, mobility and public services. Its consolidated revenue for the 12 months ended June 2026 stood at US$14.8 billion.

The latest partnership comes as enterprises continue to invest in infrastructure required for AI and GenAI applications. The hybrid cloud storage-as-a-service model provides a consumption-based approach, potentially allowing businesses to align infrastructure spending with changing workload requirements rather than relying entirely on upfront investments.

HCL Technologies shares were trading at Rs 1,367.10, up 0.12 per cent on Thursday. While the Nifty IT index was trading higher at 31,392.05, the broader Nifty 50 remained under pressure.

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Disclaimer: The article is for informational purposes only and not investment advice.