Virtusa CEO bets big on AI, eyes $ 5 b by 2030

Virtusa’s new leadership has set an ambitious vision to transform the company into a $5 billion enterprise by 2030, positioning it as the world’s leading domain-driven engineering partner for the Al-enterprise.

- By CHARUMINI DE SILVA

On his first visit to Sri Lanka since taking over as CEO earlier this year and in what marks his first series of global media engagements, Nitesh Banga sat down with the Daily FT for an exclusive interview. He outlined Virtusa’s immediate priorities in Al and GenAl, its long-term expansion into high-growth industries, and the pivotal role Sri Lanka continues to play in the company’s global journey.

What is your overall vision for Virtusa under your leadership? What are the immediate and long-term strategic priorities for the company?

Our vision is to be the world’s leading domain-driven engineering partner for the Al-enterprise. We are not just evolving with the industry — we are helping shape its future. In the immediate term, our focus is on deepening our capabilities in AI and GenAI based solutions that accelerate business outcomes in the industries where we play, especially banking and financial services, healthcare, insurance and life sciences, as well as telco and technology.

Long-term, we aim to become a $ 5 billion enterprise by FY2030 by expanding into high-growth verticals such as energy, manufacturing, and semiconductors, and building a stronger innovation ecosystem through strategic partnerships.

What major trends do you see shaping the future of digital transformation and technology services?

There are two enormous forces impacting our industry today. The first is the shift from digital transformation to Al-led transformation. This includes the rise of agentic technologies, GenAI, multi-modal interfaces, and embedded AI across business processes. Established leaders and upstarts in every industry are racing to become “Al-driven enterprises” using these tools and we aim to be there with them, every step of the way.