Mumbai: AMI Paradigm Solutions Private Limited (AMIPS) promoted by AM Group, promoted by the founders of Greenko Group, and ParadigmIT Services Technology Private Limited, company focused on AI for Public Systems and Critical Infrastructure Services have signed a binding agreement to acquire the Smart World and Communication (SWC) business from L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leader in Digital and ER&D services.
The Smart world portfolio’s capabilities across India and other geographies are expected to complement AMIPS long term-term growth strategy, particularly in accelerating Intelligence solutions powered by AI. AMIPS would be part of the fully vertically integrated AI platform, spanning owned carbon free power, data center infrastructure, high performance chips, a software stack, applications, and flexible consumption models from Accelerator as a Service to Tokens as a Service.
The global AI in sovereign services market is estimated at roughly $25 billion today and is projected to reach nearly $100 billion by the early 2030s, growing at approximately 20% annually as governments deploy AI to automate services, enhance security, and enable data-driven policymaking.
Aligned with its vision of democratizing AI, AM Group is developing an end-to-end value chain that transforms on-demand clean electron into intelligent compute tokens through its AM Intelligence (AMI) Platform. AI-driven governance, public safety, defense, and intelligent infrastructure platform workloads are expected to consume ~10–20% of AI inference demand in mature AI markets in the future running into trillions of token demand.
AMI is investing USD 25 Bn to develop 1 GW High Performance Compute Hub in Uttar Pradesh and is in the process of establishing the first phase comprising ~250 MW of the cumulative 1 GW in the land parcels allocated by Yamuna Expressway Industrial Development Authority (YEIDA).
ParadigmIT has over two decades of experience in building national scale digital public infrastructure and are pioneers in AI for Public Systems and Critical Infrastructure Services. With its comprehensive proprietary full-stack solution enabling complete infrastructure digitization and AI enablement is currently building AI based governance systems for multiple states and central agencies and enterprises and has had a long-term strategic partnership with the acquired business.
Anil Chalamalasetty, Chairman AM Group said, “We have built an intelligent energy platform that delivers electrons to compute more efficiently than anywhere else. In addition, we are building an end-to-end value chain that transforms on-demand clean electron into intelligent compute tokens. The Smartworld & Communication business will support in operationalizing AI for mission-critical systems across governments, cities, utilities, transport networks, and enterprises, enabling more autonomous, data-driven infrastructure and decision-making.”
Amit Chadha, CEO and Managing Director, L&T Technology Services said, “As we pursue long-term value creation for our stakeholders, we are reframing our strategic bets, with EI, Software and Digital Manufacturing as key focus pillars in our select segments of Mobility, Sustainability and Tech. We believe these will drive faster growth opportunities for LTTS. AMI Paradigm Solutions by integrating SWC’s public sector capabilities, will strengthen its AI offerings, while creating a robust platform for Smartworld employees and delivering enhanced value to our existing clients”
