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Won't require more tech-related headcount: Pine Labs' B Amrish Rau

Fintech firm posts second consecutive PAT-positive quarter, plans to maintain tech headcount at 1,000 while boosting software revenues

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The company’s revenue from operations grew 17.82 per cent to Rs 649.9 crore in Q2 FY26 from Rs 551.57 crore in Q2 FY25. (Photo: Company website)

Ajinkya Kawale Mumbai
For fintech major Pine Labs, the use of artificial intelligence (AI) is making it hire fewer engineers and product managers. The company believes it will not need an addition to its existing base of around 1,000 techies as it uses AI to code, said B Amrish Rau, MD and CEO, Pine Labs.
 
Rau said that the company was using AI to rewrite legacy code on some of its platforms, with about 18 per cent of all code in the company being developed by AI.
 
The firm is also taking up AI-related initiatives on the customer services side.
 
“We have about