New Delhi, March 25 -- HCL Technologies Ltd is restructuring its software products business as it looks to grow the legacy portfolio acquired from International Business Machines (IBM) more than threefold next fiscal year. The move comes even as the rise of artificial intelligence (AI) tools poses an existential challenge to software makers and services firms.

HCLTech, India's third largest IT services firm after Tata Consultancy Services Ltd and Infosys Ltd, will reorganize its software products arm HCLSoftware into three core sub-groups: Xperience, Data and Operations, each with its own head and a specialized sales team, according to at least three people familiar with the matter.

HCLSoftware had ended FY25 with a revenue of $1.43 bil...