GENERAL7 Sept 2026
Business model change needed to capture value from AI: KPIT's Kishor Patil
Indian engineering research and development (ER&D) companies are being told to change how they do business. AI is squeezing older ways of earning. KPIT co-founder Kishor Patil says they must focus on products and outcome-based models. This affects companies in the sector and their clients. In practice, they need to shift from time-based billing to results. Business owners should watch how their vendors adapt.
Key Statutory Highlights
- Indian ER&D companies need to focus more on products and outcome-based models.
- AI is squeezing their traditional revenue streams.
- Kishor Patil, co-founder of KPIT and chairman of Nasscom's ER&D Council, made the statement.
Actionable Advice for Taxpayers / Founders:If you work with an Indian ER&D firm, ask how it is adopting product- or outcome-based pricing, because AI is changing traditional revenue models.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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