DBT Bureau
Pune, 22 May 2026
Mphasis and the Indian School of Business (ISB), announced the launch of the ‘Mphasis AI Hub’, a cross-functional collaboration aimed at accelerating AI-led research, innovation, and capacity building for societal and sectoral impact in India. The initiative is supported by the Mphasis F1 Foundation, which will invest ~ ₹ 20 crore over four years in Phase 1 to advance research and applied AI solutions.
The initiative will focus initially on Healthcare and Finance, with plans to expand into other priority sectors. At the core of the partnership is the establishment of a dedicated AI research hub at ISB, designed to serve as a platform for interdisciplinary research and multi-stakeholder collaboration. Through this initiative, ISB aims to advance responsible AI innovation in the financial and healthcare sectors by driving research that addresses real-world challenges; enabling the responsible adoption, evaluation, and impact assessment of AI solutions in live environments; strengthening digital literacy and institutional capacity among relevant stakeholders; and fostering wider knowledge-sharing through repositories, partnerships, and annual convenings.
The Mphasis AI Hub will also focus on building frameworks to assess tangible business value and long-term sustainability of AI deployments, generate policy insights, create AI learning resources, support faculty-led pedagogical innovations, and sustain collaboration across academia, industry, and government.
“We are pleased to partner with the Indian School of Business. As AI continues to reshape industries and redefine how organisations operate, this research platform, combined with ISB’s academic expertise, will advance responsible, informed decision-making. Through this initiative, we look forward to building a meaningful collaboration that brings together cross-functional collaboration to advance AI-led knowledge creation and innovation,” said Deepa Nagraj, Senior Vice President & Global Head – ESG, Sparkle Innovation Ecosystem, and Communications, Mphasis.
“We are thankful for this collaboration with Mphasis, as this reflects our belief that AI, when guided by rigorous research and ethical frameworks, can drive meaningful change across sectors and communities. The partnership will help strengthen ISB’s commitment to building knowledge that helps shape India’s future through innovation, inclusion, and evidence-based decision-making,” said Professor Madan Pillutla, Dean, ISB.
The Mphasis AI Hub represents a significant step forward in ISB’s mission to advance evidence-led research and harness technology for national development. By combining ISB’s academic expertise with Mphasis’ leadership in technology, the initiative aims to unlock new possibilities at the intersection of AI, innovation, and societal impact.
