Introduction

Whether you like it or not, artificial intelligence has made its presence known in all major industries, from sales and marketing to education, nursing, and beyond.

India has also been a huge part of this rising trend, and thirteen artificial intelligence companies in India are dominating the global scene with their revolutionary approaches to workflow automation. Keep scrolling to learn more about them. 

Top 13 Artificial Intelligence Companies in India

1. Bosch

Bosch (India) is the Indian subsidiary of the German multinational engineering and technology giant Bosch Ltd. For years, they have been a major player in various sectors of the Indian market, particularly AI and automation on a broader level. 

The company offers cutting-edge solutions for automated manufacturing processes across diverse industries, including robotics, machine learning for predictive maintenance, and industrial control systems.

It's also developing a line of "smart" appliances and IoT-enabled devices for the Indian market, with AI implemented in important features like voice control or automated adjustments.

2. Tata Elxsi 

Tata Elxsi has become a forerunner in automation technologies (Image source: Wiki). 

Another leading name in the field, Tata Elxsi, is India's premier design and tech services company. It turns theoretical concepts into real-world products and services for businesses of varying industries.

Recently, Tata Elxsi has become a forerunner in automation technologies, having founded a dedicated AI CoE (Artificial Intelligence Centre of Excellence) to develop intelligent systems for applications. Their Cognitive Video Services Framework also helps personalize content and automate analysis to give way for new revenue streams in the media industry. 

3. Kellton Tech Solution

Since 2009, Kellton has risen as a global leader in digital transformation and enterprise intelligence. 

Generative AI is one of Kellton's standout achievements thus far. It's a powerful technology that fine-tunes existing AI models to unlock new possibilities, translating to automated content generation and summarization for businesses.

The KeLive cloud-based intelligent building management system has also received rave feedback, as it successfully leverages smart/AI analytics to optimize building operations for security and energy efficiency. 

4. Active.ai

This Singaporean fintech startup (with a small lab in Bengaluru, India) has transformed digital banking strategies for banks and financial institutions using modern AI engines. 

Advanced NLP (Natural Language Processing) and ML (Machine Learning) are excellent examples of the company's most recent AI applications. They allow natural communication flows between customers and banks across all platforms, particularly voice assistants, messaging apps, and even IoT devices.

5. Happiest Minds Technologies 

Clients have partnered with Happiest Minds on thousands of projects (Image source: Flickr). 

Few compete with Happiest Minds when it comes to active AI development! 

The company has established a dedicated business unit for Generative AI - GBS (Generative AI Business Services) - and also invests resources in AR and VR to address specific business challenges. Clients seeking immersive experiences for their user base have been partnering with Happiest Minds on thousands of projects, all with explosive success.

6. Zensar Technologies 

Digital transformation is among the strongest assets of this information technology service company. It offers a comprehensive suite of services to help businesses leverage technology (AI included) for better operations.

Zensar has two main segments, each with different purposes: 

The DAS (Digital & Application Services) focuses on the technical applications for digital transformation, encompassing:

  • Application development and maintenance
  • Cloud computing services
  • Infrastructure management
  • Business process automation (BPA)
  • Data management services

On the other hand, the DFS (Digital Foundation Services)  specializes in building technological infrastructure. Some outstanding services:

  • Cloud computing services (advisory, migration, etc.)
  • Infrastructure management (data centers, networks, security)
  • Business process automation (BPA)
  • Data management services

7. AIndra Systems

If you are seeking a tech company specializing in AI-powered tools for the medical field, look no further than AIndra Systems.

AIndra’s major focus is cancer screening, and its automated stainers (for biological samples and analyses) have seen great success. These tools improve early cancer detection through faster, more efficient interpretations of tissue samples, reducing half of the workload for many pathologists. 

8. Persistent Systems 

India is home to one of the best technology and software services companies, Persistent Systems. The company has led the race with constant updates of digital engineering/enterprise modernization services, translating to inclusive AI-based solutions for business.

Persistent Systems recognized quite early the importance of robust data strategies in successful AI solutions, which motivated them to help clients leverage data effectively for AI model training. Business routine tasks are also automated with AI to boost overall productivity and reduce the risk of manual errors. 

9. Oracle Financial Services Software (OFSS)

Chatbot services provide 24/7 customer support (Image source: Flickr). 

As a subsidiary of Oracle Corporation, OFSS doesn't have standalone consumer products focused solely on AI for the financial services industry. Still, it does offer a broad range of financial services solutions (with certain automation functionalities incorporated) to address common business pain points, particularly: 

  • Fraud Detection and Prevention: AI algorithms analyze transaction patterns and identify real-time anomalies to prevent fraudulent activities.
  • Risk Management: It assesses financial risk associated with loans, investments, and other digital products.
  • Regulatory Compliance: Some related tasks can be automated to ensure financial institutions meet complex reporting and risk management requirements.
  • Customer Onboarding and KYC (Know Your Customer): OFSS streamlines both customer onboarding processes and KYC checks to boost security.
  • Personalized Customer Service: Chatbot services provide 24/7 customer support and detailed answers to common or basic account-related inquiries.

10. Affle India

Excellent expertise in customer relationship management (CRM) and mobile advertising solutions has marked Affle's success journey. And now, the company further strengthens its market dominance with extensive AI leverage. Two critically-acclaimed products by Affle:

  • Customer Data Platform:  Affle's CDP unifies customer data from various sources to provide brands with a 360-degree view of their customers. 
  • Consumer Engagement Platform: When used with the CDP, this product automates and personalizes customer interactions across multiple channels, such as email, SMS, push notifications, and more.

11. Infosys AI

Infosys AI, a part of Infosys Topaz, is an initiative by Infosys (a major Indian IT services company) that helps businesses leverage AI, just as its name suggests. 

Though Infosys AI offers a broad array of services to address various business challenges, the three following categories stand out:

  • Discover AI: This program assists businesses in grasping AI's potential and identifying areas where it can be applied to improve their operations. Examples include workshops, proof-of-concepts, feasibility studies, etc. 
  • Democratize AI: The service aims to make AI more accessible for businesses of all sizes. That goal is evident in its diverse tools and platforms, which allow even small startups to deploy AI solutions without extensive in-house AI expertise.
  • Responsible AI: Infosys emphasizes the ethical development of AI solutions, offering additional services to ensure they are fair, transparent, and do not violate any regulations. 

12. HCL Technologies AI

Like other giants, HCL soon recognized the crucial role of AI and automation (Image source: Creazilla). 

HCL Technologies is one of India's leading IT services companies. 

Like other giants, HCL soon acknowledged the crucial role of AI and automation in digital transformation. This is the driving force of HCL Technologies AI, along with some remarkable AI-related products:

  • HCL DRYiCE: This AI foundation platform serves as the core for many of HCL's AI solutions. DRYiCE provides key functionalities like data management, machine learning model training, deployment tools, and more.
  • Cognitive Automation: HCL Tech offers to combine AI and Robotic Process Automation (RPA), successfully automating repetitive tasks across finance, HR, and supply chain management, to name a few. 

13. NVIDIA (India)

NVIDIA has long been a global leader in developing GPUs (Graphics Processing Units) for AI workloads. The company now extends its influence to India, actively working with businesses and research institutions to facilitate the adoption of AI technologies. 

Its high-performance GPUs have accelerated the computation and training processes for complex machine-learning models, but that's not all! There's also the NVIDIA AI Enterprise, a suite of software tools and cloud services that streamline AI management across various business sectors, especially startups with limited expertise and budgets.  

Should You Invest in AI Stocks In India?

Absolutely, the AI ecosystem is thriving in India at the very moment!

A NITI Aayog report projected that AI might contribute more than $950 billion to the Indian market by 2035. Nasscom and BCG also reached the same conclusion, expecting India's AI economy to hit $17 billion in 2027.

How to invest, though? 

India has two main stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). You'll also need a brokerage account to buy and sell stocks in India. We suggest established brokerages like Zerodha, Upstox, or Angel Broking, as they allow you to trade on both the BSE and NSE.

Conclusion

As you can see, these artificial intelligence companies in India are booming. Their market dominance doesn't seem to slow down anytime soon, especially given the constant release of new AI technology. 

Thus, investing in artificial intelligence stocks can be a positively life-changing decision. But if you still need more investment advice before getting started, feel free to contact us!