New facility at International Tech Park (Atria Block) starts with 500 engineers; focuses on enterprise Agentic AI solutions
Hyderabad – Covasant Technologies launched its new AI Innovation Centre at Atria, International Tech Park, Hyderabad, on Monday, marking a significant expansion for the Agentic AI specialist company.
Rapid Scaling Plans
The AI Innovation Centre will accommodate 500 AI engineers with plans to rapidly expand to 3,000 AI engineers by 2028, demonstrating aggressive growth ambitions in India’s burgeoning AI sector.
Recent Establishment
Covasant Technologies was incorporated on October 15, 2024, making this expansion remarkable given the company is barely over a year old. The firm has an authorized share capital of Rs.30 crore.
Focus on Agentic AI
The Centre is designed to enable global enterprises to adopt Agentic AI-based solutions responsibly, at scale. The innovation center will focus specifically on building autonomous Agentic AI solutions to solve complex business challenges for global enterprises.
Enterprise-Grade Solutions
The facility focuses on reduced risk through built-in governance through proprietary products and solutions, enabling clients to integrate Agentic AI without compromising compliance or introducing operational risk.
Leadership Vision
C V Subramanyam, Chairman and Managing Director, Covasant, said: “By creating the AI Innovation Center, we are giving our customers a safe environment to explore AI agents, move from experiment to business impact, and build for scale, with enterprise guardrails”.
Services-as-Software Model
Covasant Technologies is an emerging global leader in delivering Agentic AI-led services through its pioneering Services-as-Software model, bringing together capabilities in data engineering, digital and cloud, AI engineering, and Enterprise Risk Management (ERM).
Global Presence
As a technology leader based in Hyderabad, India, with offices in the US and the UK, Covasant delivers scalable, autonomous solutions with locations in Plano (Texas) and London (UK).
Talent Development
The company has demonstrated commitment to nurturing AI talent through initiatives like the National AI Hackathon 2025, which drew over 100 registrations from select institutions, with 22 teams competing over a three-week sprint.
Strategic Location
The choice of International Tech Park (Atria Block) in HITEC City positions Covasant at the heart of Hyderabad’s technology corridor, providing access to top talent and proximity to major tech companies.
Agentic AI Explained
The first wave of AI created assistants. The next wave is about agents which act, decide, and deliver. Covasant helps harness the power of Agentic AI to autonomously execute enterprise workflows, with Human-in-the-loop, to unlock real business value.
Hyderabad’s AI Ecosystem
Covasant’s expansion aligns with Hyderabad’s emergence as a major AI hub, with the city hosting numerous AI-focused companies and the government’s ambitious AI City project launched in 2024.
The rapid scaling from inception in October 2024 to a 500-engineer facility with plans for 3,000 by 2028 demonstrates both investor confidence in Covasant’s vision and Hyderabad’s attractiveness as an AI innovation destination.
