Helios India shuns IT services over AI, backs domestic consumption
Helios India is steering clear of IT services, saying AI is shaking things up too much for comfort.
Even with IT stocks rising lately, the company sees more risk than reward there.
Instead, it is putting its money on India's booming domestic consumption (think shopping, banking, and lifestyle upgrades) driven by Millennials and Gen Z, who are shaping the country's future.
Helios India targets NBFCs private banks
Helios is focusing on sectors that match young India's habits and ambitions.
Its top picks? Consumer-focused nonbanking financial companies (NBFCs) and private banks that help fuel spending sprees, plus healthcare, hospitality, and automotive, all areas growing thanks to a confident generation eager to spend and borrow more.
As Managing Director Dinshaw Irani puts it, the optimism among young people about their earnings is powering these trends.