Covasant Technologies Joins Elite Group with ISO 42001 AI Management Certification
HYDERABAD: In a significant development for India's technology sector, Covasant Technologies announced on Tuesday that it has successfully obtained the prestigious ISO/IEC 42001:2023 accredited certification. This achievement positions the Hyderabad-based company among a select few organizations worldwide to hold this international standard for an Artificial Intelligence Management System (AIMS).
Global Recognition and Industry Leadership
The company emphasized that this milestone places Covasant alongside global technology giants including IBM, Microsoft, Amazon Web Services (AWS), and Snowflake in demonstrating independently verified AI governance practices. This certification represents a substantial validation of the company's commitment to responsible AI development and deployment.
The ISO/IEC 42001 certification framework comprehensively evaluates how AI risks are managed throughout the entire lifecycle of artificial intelligence systems. This includes rigorous assessment of governance controls, clear accountability structures, and mechanisms for continuous improvement in AI operations.
Addressing Critical Enterprise Challenges
Covasant Technologies highlighted that the certification specifically addresses a major barrier facing enterprises today: the transition of AI initiatives from experimental pilot projects into mission-critical production environments with significantly reduced operational and regulatory risks. The company's achievement comes at a crucial time when organizations worldwide are grappling with how to scale AI implementations safely and effectively.
The company's agent management suite, which forms an integral part of its Agentic AI-powered services-as-software platform, now provides audited code and governance-led frameworks specifically designed to support industry-specific autonomous agents across multiple domains. This development represents a substantial advancement in making sophisticated AI systems more accessible and manageable for enterprise clients.
Creating a Comprehensive Governance Ecosystem
Covasant noted that the new AIMS certification complements its existing ISO/IEC 27001 security certification and ISO/IEC 27701 privacy certification, creating what company officials describe as a comprehensive "governance-led" ecosystem. This integrated approach is particularly valuable for regulated sectors including banking, healthcare, and manufacturing, where compliance and risk management are paramount concerns.
Covasant Technologies Chairman and Managing Director CV Subramanyam stated that the certification reflects the company's unwavering focus on building "risk-aware, ethical" artificial intelligence systems that align with global best practices. He emphasized that this achievement demonstrates Covasant's commitment to responsible innovation in the rapidly evolving AI landscape.
Validating Enterprise-Grade AI Capabilities
Srikanth Chakkilam, CEO and Executive Director of Covasant Technologies, explained that the accreditation validates that Covasant's platform provides a disciplined, structured environment where AI agents can be trusted to operate at enterprise-grade levels. This certification assures clients that the company's AI systems meet the highest international standards for governance, reliability, and ethical implementation.
Industry Context and Future Implications
The company also referenced compelling industry data showing that while artificial intelligence adoption has become widespread across sectors, successful scaling of AI initiatives remains limited for many organizations. Covasant pointed to Gartner forecasts indicating that shadow AI breaches could potentially affect up to 40% of enterprises by 2030, underscoring the critical importance of robust AI governance frameworks.
This certification achievement positions Covasant Technologies as a leader in addressing these emerging challenges, providing clients with confidence that their AI implementations are built on solid governance foundations that mitigate risks while enabling innovation.
