New Delhi, May 28 -- Mphasis Ltd.'s board of directors has two clear messages for its management in the AI era-ensure the company is future-ready and has enough money to invest back into the business, and don't lose wallet share.

In a conversation with Mint at the Four Seasons Hotel in Mumbai, chief executive Nitin Rakesh spoke about how the company's board is guiding management at a time when AI tools are rapidly reshaping the $315 billion IT sector.

"Instead of AI usage or AI metrics, the board has been very focused on are we investing enough in the business to make sure that we stay at the forefront of staying relevant to our client base," Rakesh said.

Much of this concern also prompted the Bengaluru-based company to announce its ow...