An AI based system and method for managing heterogeneous network-agnostic swarm of robots is disclosed. The method includes receiving a set of commands from a human machine interface (102) associated with one or more electronic devices (104), determining one or more robotic capabilities associated with autonomous robot and capturing one or more positional parameters by using one or more sensors (112). The method includes broadcasting the one or more robotic capabilities and the one or more positional parameters to each of the one or more autonomous robots (110) and determining one or more situational parameters associated with the one or more autonomous robots (110). Furthermore, the method includes detecting one or more targets and allocating the one or more tasks and the detected one or more targets among the one or more autonomous robots (110).