Companies whose own annual reports evidence AI exposure — building or selling AI products, not merely mentioning the trend. The tier says how real it is; the quote under each row is the proof.
AI is the central strategic theme of TCS, with $2.3 billion in annualised AI revenue and a stated aspiration to become the world's largest AI-led technology services company.
“Annualised AI Revenue (based on latest quarterly revenue) $2.3 billion”
“Leadership in AI US$2.3 billion annualised AI revenue 100% Sales and Presales Personnel trained in AI 270K Employees with higher order skills”
“AI services partner for 130/139 clients with US$50 Mn annual turnover”
Infosys positions itself as an AI-first company, with its Infosys Topaz generative/agentic AI suite, 4,600+ AI projects underway, and AI delivered to 90% of its top 200 clients as a principal business driver.
“Infosys is a global leader in AI-first business consulting and technology services. Over 3,25,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. As navigators of enterprise transformation, we enable businesses in 59 countries to unlock AI value at scale.”
“Infosys is emerging as a leader in AI services, with AI-led programs now deployed across 90% of our top 200 clients and rapidly scaling across industries”
Physicswallah has built and operationally deployed proprietary AI models across its core learning platform, with AI having resolved over 10 crore student doubts and graded 1.4M+ subjective answer copies, and AI features (e.g., AI Doubt Solver, AI-powered Chroma Studios) embedded throughout its product and content pipeline.
“our AI has resolved over 10 crore student doubts to date, graded more than 1.4 million subjective answer copies, and supports learning in Hindi, Hinglish and English, with more Indian languages on the way. We are building our own AI models, trained on years of proprietary teaching content and exam-specific data”
Affle's core business is an AI-powered adtech platform; AI is embedded across its Consumer Platform Stack (ConvergeAI, mDMP, mFaaS, Agentic AI 'Niko', Generative AI 'OpticksAI'), with 99.2% of FY26 revenue earned via its CPCU model that relies on proprietary AI/ML for verticalised targeting and fraud detection.
“We are a global technology Company enabling verticalised, AI-led consumer conversions for advertisers through our differentiated CPCU business model spanning Mobile, Connected TV and other Agentic and Autonomous Intelligent Connected Devices (AICDs).”
“During the year, we expanded our product suite by embedding Generative and Agentic artificial intelligence more deeply across the App Store growth stack, marked by the launch of Niko, our agentic campaign optimisation engine, and enhanced capabilities within OpticksAI, our creative automation platform.”
RateGain's core business is delivering AI-powered SaaS for travel and hospitality, with AI embedded across its full product stack (Navigator AI, UNO VIVA, AI Concierge, Agentic ARI, Demand-AI, etc.).
“RateGain Travel Technologies Limited is a global provider of AI-powered Software-as-a-Service (SaaS) solutions for the travel and hospitality industry.”
“RateGain Travel Technologies Limited is a global provider of AI-powered SaaS solutions for travel and hospitality.”
AI/ML is operationally deployed throughout the company's entire digital lending platform — underwriting, fraud detection, servicing and collections — and is described as a core differentiator of the business.
“From customer acquisition and onboarding to credit underwriting, fraud detection, loan servicing, and collections, artificial intelligence, machine learning, and analytics are seamlessly embedded across the lending lifecycle.”
“Powered by proprietary artificial intelligence and machine learning-based underwriting models, Kissht enables faster and data-driven credit decisions while maintaining a robust risk management framework.”
“Technology & Innovation AI- and ML-based underwriting, advanced analytics and automated risk assessment to enhance responsible lending.”
LatentView is a pure-play analytics and AI services company that develops and operationally deploys proprietary GenAI/AI platforms (BeagleGPT, LAseR, InsightsIQ, AURA, Agentic EDM) and AI-driven solutions for Fortune 500 clients across industries as its principal business.
“Our advanced analytics and AI solutions, including BeagleGPT (our GenAI-powered insights and scenario planning platform), AI-powered quality engines, geospatial AI, and conversational intelligence, forecast trends, detect anomalies, and enable faster go-to-market strategies. Used by globally leading consumer brands, and 10+ Fortune 500 companies.”
“During the year, we delivered 7 production-grade Agentic AI deployments across 3+ Fortune 500 clients, supported by a growing portfolio of proprietary accelerators and reusable enterprise assets.”
“Agentic AI Service Providers PeMa Quadrant 2025 Leader”
Mobavenue AI Tech is fundamentally an AI-native adtech company whose core product platforms (SurgeX, PrsmX, ResurgeX, DiscvrX, PiiX) embed proprietary machine learning, neural networks and AI-driven decisioning to deliver programmatic advertising outcomes.
“Founded in 2010 as Lucent Industries Limited, an education-focused enterprise, the Company has evolved into Mobavenue AI Tech Limited, an AI-native advertising technology company redefining how digital advertising is planned, delivered and measured.”
“The Company operates as an AI-native advertising and consumer-growth business. For the year under review, it operated in a single reportable business segment. Its offering is delivered through the proprietary GMP 360 technology stack”
“Mission 2030 ambition is to build a globally scalable, AI-native platform from India.”
AI is a core technology platform underpinning multiple verticals, supported by Snowflake and Databricks partnerships, dedicated GenAI training, and an AI-powered fintech (Finoux) acquisition.
“Delivering AI-powered, scalable, and integrated solutions across infrastructure, BFSI, retail, and public sector ecosystems”
AI is the central pillar of the company's core product — its AI-first Centralised Communications Governance Hub (UniServe NXT) is built on LLMs and AI-driven orchestration, and is the main revenue-driving platform serving BFSI, telecom and government customers.
“In10s is positioned at the forefront of this convergence. Our AI-powered platform, the Centralised Communications Governance Hub, is underpinned by LLMs, no-code tools, and strong governance frameworks, bringing communications, engagement, automation, and governance together in a unified ecosystem”
“INTENSE AI SOLUTION SYSTEMS PRIVATE LIMITED (CIN: U62090TS2026PTC209577) January 12, 2026”
CTE's principal service business is delivering custom AI/ML and Agentic AI solutions, data engineering, and enterprise applications to enterprise and Fortune 500 clients globally, with AI as one of four stated core practice areas.
“Cambridge Technology Enterprises Limited ("the Company") is a business and technology services Company with more than 25 years in continuous operation, delivering custom AI solutions, data engineering, enterprise application development, and managed technology services to a diverse base of enterprise and Fortune 500 clients worldwide. The Company organizes its service portfolio around four core practice areas: Artificial Intelligence and Machine Learning, Agentic AI, Data Engineering, and Enterprise Applications.”
The company's core business is developing and deploying AI-enabled platforms (iCAPP, iLang, iRef, EAssistant+, etc.) for manuscript processing, editorial workflow, and publishing automation.
“iCodex Publishing Solutions Limited, founded in 2018 and based in Pune, India, is a technology company specializing in software and AI-enabled platforms for the scholarly and academic publishing industry.”
“iCodex Publishing Solutions Limited, founded in 2018, stands out as a trusted innovator delivering intelligent, scalable, and AI-driven solutions designed specifically for the global academic publishing ecosystem.”
“Icodex Publishing Solutions Limited continued to focus on providing IT and IT-enabled services through its proprietary publishing technology platforms, SaaS solutions and AI-based IT tools.”
HDFC Bank operationally deploys AI/ML through its in-house 'Neev' enterprise platform, with AI embedded across customer service, credit decisioning, document processing, trade operations and fraud/analytics workflows, but AI is an enabler of its banking business rather than a standalone revenue driver.
“Neev, our in-house enterprise AI platform that provides a unified, secure foundation of model access, governance and workflow integration.”
“Cutting-edge architecture and advanced in-house AI capabilities drive a secure, intelligent, and seamless digital experience at scale.”
L&T Vyoma has launched an AI-first sovereign cloud platform and L&T is pivoting LTM/LTTS to an AI-led operating model, making AI a deployed capability in products and services.
“Larsen & Toubro Vyoma also launched its sovereign cloud platform, positioned as an AI‑first cloud infrastructure solution, designed to address the growing requirements of enterprises and public sector institutions for data sovereignty, regulatory compliance and secure adoption of artificial intelligence”
HUL operationally deploys AI across its value chain via digital twins, AI-led predictive models in its LLoTF lab, a supply chain nerve centre, and five WEF 4IR Lighthouse factories.
“AI and advanced analytics are transforming our supply chain—making it more responsive, more agile and more resilient. Initiatives such as digital twins, advanced analytics and our supply chain nerve centre are helping us build an increasingly intelligent, interconnected manufacturing network.”
“We have set up an AI enabled content ecosystem through the Unilever AI Studio enabling teams to produce social-first assets at 10X the previous volume, in a fraction of the time.”
Kotak is operationally deploying AI across its banking operations — voice agents for customers, knowledge assistants for staff, and AI for developer productivity — as part of its Technology, Digital & AI pillar, though banking remains its core business.
“For our colleagues, we have deployed knowledge assistants and sales enablement tools. For our customers, we have voice agents interacting with them directly. And on the technology side, we are seeing real gains in developer productivity.”
“We help protect customers through machine-learning based fraud monitoring that enables real-time anomaly detection.”
APSEZ operationally deploys AI across its core port, logistics and marine operations — NAVIS port systems, AI-driven Strategic Command Centre for logistics, and AI-powered VTMS at Vizhinjam — but AI is an embedded enabler of its port/logistics business rather than a standalone revenue line.
“AI-based NAVIS systems have unlocked additional capacity from existing assets, safeguarding our industry-leading margins.”
“A deliberate journey toward an intelligent, self-optimising infrastructure platform, where AI-led systems drive decisions, and operations run autonomously”
HCLTech reports $620M in Advanced AI revenue (spanning AI Factory, Physical AI, Robotics, AI Engineering, Custom Silicon) with stated ambition to be the world's best AI solutions provider, but AI remains a portion of the broader IT services portfolio.
“we ended the year with $620 million in Advanced AI revenue, a measure of our fast-maturing AI play.”
NTPC is operationally deploying AI, predictive analytics and advanced forecasting across its generation, renewables, mining and maintenance operations.
“Artificial intelligence, predictive analytics, and advanced forecasting tools are being integrated across our generation, renewable, mining, and maintenance operations.”
“Digital transformation, including remote monitoring centres, AI/ML-based diagnostics, drone-based inspections, and ERP-enabled workflows, is increasingly woven into day-to-day operations.”
JSW Steel operationally deploys AI/ML platforms across manufacturing and supply chain, including Project Drishti (mine-to-metal AI), JSW Vision.AI, TEJAS optimisation, and predictive maintenance using 20,000+ sensors.
“Real-time data, predictive insights and AI-powered recommendations are helping teams anticipate issues, optimise performance and improve decision-making across the value chain.”
“the year also marked a structural shift towards AI-led process optimisation, predictive maintenance, Digital Twins, and enterprise-wide IT–OT integration, enabling a level of operational responsiveness that is an emerging competitive advantage.”
ONGC has operationally deployed AI-driven systems including the SANJAI digital war room, IDAS platform for Mumbai High, and AI-enabled autonomous drilling from RTDOC Dehradun, for its own E&P value chain rather than as a sold product.
“These significant strides in deploying AI-driven systems for exploration, drilling and predictive maintenance shall enable faster decision-making and reduce downtime, thereby enhancing the productivity and efficiency in entire system.”
POWERGRID operationally deploys AI/ML in core transmission operations, including AI-based tower defect detection and AI-based Tower Patrolling Application, plus a capability-building programme with an academic partner to grow internal AI talent.
“These outcomes were supported by advanced digital technologies, including AI-based tower defect detection, drone-based patrolling and continuous condition monitoring of critical assets.”
Tata Steel operationally deploys 860+ AI models across its steel manufacturing value chain for predictive maintenance, yield optimization, safety, and energy efficiency, plus GenAI for workforce and reporting.
“We have deployed over 860 AI models across the value chain, driving real-time improvements in yield, safety, and energy efficiency. Our AI-driven predictive maintenance has reduced delays in super-critical equipment by 92%.”
“two of our crown jewels simultaneously earned the prestigious World Economic Forum Lighthouse status — the technologically advanced IJmuiden plant in the Netherlands and the dynamic Kalinganagar plant in India, both celebrated for their groundbreaking integration of Artificial Intelligence, Big Data, and Machine Learning.”
AGEL develops and operationally deploys proprietary AI/ML platforms including O&M.ai, patented Solar Digital Twin, pyranometer anomaly detection, and an industrial cloud partnership with Google for AI/ML capabilities.
“Proprietary AI-powered assistant (O&M.ai – solar.ai and wind.ai) for real-time performance monitoring and analysis, early anomaly detection, and faster decision-making”
IndiGo has operationally deployed 6Eskai, an AI-powered conversational chatbot using GPT-4, for customer service and internal employee queries.
“Last year 6Eskai was introduced for our customers, an AI conversational direct channel, powered by the GPT-4 technology. 6Eskai is now available for employees for resolving internal queries.”
Chola operationally deploys AI across its lending business — including AI agents, OCR, facial verification and risk models — for credit assessment, onboarding, collections and customer engagement, but AI is an enabler, not its principal NBFC business.
“Artificial intelligence is an important area of investment across sales, onboarding, credit assessment, operations, collections and customer engagement. AI agents, vernacular voice agents, OCR, document validation, facial verification and risk models are helping improve lead nurturing, credit profiling, verification and collections.”
“Our investments in a high-tech, paperless, AI-driven infrastructure go beyond strategic operational efficiencies and are tools designed to democratize and accelerate credit delivery to the last mile, converting institutional momentum into tangible grassroots prosperity.”
The bank has operationally deployed multiple AI-driven products including a Gen AI-based Virtual Front Office device and bob SAMVAD multilingual AI conversational platform, and won 'Best AI & ML Adoption' award.
“Bank has launched bob SAMVAD, a multilingual AI-enabled interaction platform application that helps customers and branch staff communicate smoothly across languages. This is an industry first AI-powered multilingual conversational platform aimed at transforming customer interactions at its branches.”
Groww operationally deploys AI across its platform, including in-house customer support AI, AI/ML models for credit underwriting risk assessment, and AI-driven products like the GR-1 assistant and agentic chatbot, though AI is an enabler rather than a principal revenue line.
“we build various layers, like onboarding, payments, risk management systems, customer support AI – all in-house.”
AI is a core business line via the BlueVerse ecosystem and dedicated Business AI practice, with 75,000+ Gen AI-trained associates and a pivot to becoming an 'AI-centric organization'.
“We empower enterprises with transformative artificial intelligence solutions that drive innovation and business growth. Anchored in the BlueVerse AI ecosystem, proprietary IP, and global partnerships, our AI practice enables enterprises to adopt AI in ways that support meaningful business transformation.”
“Our AI-led Engineering practice enables enterprises to outcompete through a cloud-centric approach focused on accelerating cloud adoption, modernizing core systems, and enabling the design and development of digital products.”
“GenAI-powered testing ecosystem: Leveraged intelligent automation for test design, execution, and data management”
Apollo has developed and operationally deployed a proprietary portfolio of 20 clinical AI algorithms (including patented AICVD, AI-LF, AICKD) across its hospital network, processing 3.5 million+ patient APIs, with regulatory certifications underway.
“We expanded our clinical AI algorithms portfolio to 20 in 2025-26, demonstrating how deep clinical expertise and advanced AI capabilities are coming together. These algorithms have also undergone rigorous quality and process validations through certification frameworks such as ISO 13485 and MDSAP audits, with CE and FDA regulatory processes currently underway.”
The Company sells AI/ML-enabled grid software products (GridOS Digital Grid Platform, AI-enabled Digital Dynamic Line Rating, Digital Twins & Predictive Grid Operations) as part of its grid digitalization portfolio, though its main business remains T&D hardware.
“GridOS® Digital Grid Platform – An AI/ML-enabled software platform for forecasting, automation, and intelligent grid operations.”
Tata Power operationally deploys AI/ML across smart meter analytics, customer engagement bots, AI-led cable identification, and AI/ML-enabled warranty generation.
“Leveraged AI/ML and data analytics to generate smart meter-based insights, enabling customised consumption patterns and energy usage recommendations for customers”
“we are scaling AI and Agentic frameworks, powered by a robust data platform, across the energy value chain”
Paytm operationally deploys in-house AI platforms (Paytm ARMS for merchant lifecycle insights, Periscope for fraud/risk detection) across merchant onboarding, risk management, customer support, and pricing, but its principal business remains payments and financial services distribution.
“The Company considers AI as a core investment and integrated across our platform to streamline merchant onboarding, strengthen risk management, elevate customer support, and unlock revenue growth through Paytm ARMS-driven cross-sell and merchant insights.”
Muthoot Finance operationally deploys ~20 ML models across sales, collections and risk, plus AI assistants and an AI-enabled hiring platform, though AI supports its core gold-loan business rather than being a standalone revenue line.
“Around twenty plus machine learning models run live across sales, collections and risk: lead scoring, bounce prediction, segmentation and propensity. The propensity models convert at roughly 82%, and the cross-sell underwriting engine surfaces about 4 Mn pre-approved offers a quarter.”
Operationally deploys AI-driven products and platforms including the Aurigene.AI drug discovery platform, MyFlexa AI-driven digital therapeutics (300,000+ patients) and MeningAware AI-powered WhatsApp bot, though not a principal revenue driver.
“MyFlexa: An AI-driven digital therapeutics platform in Russia for musculoskeletal health offering personalised exercise coaching and mobility tracking alongside the Nise portfolio, serving 300,000+ patients in FY2026 with 64% reporting significant pain relief at an average 48% reduction.”
Indus Towers operationally deploys AI/ML-enabled systems in its Tower Operations Centre for real-time monitoring, predictive analytics and automated diagnostics, and uses AI-led analytics across its national network to maintain uptime.
“AI/ML-Enabled Systems: Predictive analytics and automated diagnostics”
Nykaa operationally deploys multiple AI-driven products — Ask Nykaa assistant, AI Skin Scan, Fragrance GPT, Foundation Finder, ChatGPT integration and a custom multimodal AI built with OpenAI — but AI is a feature of its commerce platform rather than a separately reported revenue line.
“A key driver of this stronger consumer engagement in FY2026 was our landmark strategic partnership with OpenAI. This collaboration made Nykaa India's first truly AI-native beauty and lifestyle platform.”
“One Nykaa AI brings customer understanding, product intelligence, content, reviews, catalogue depth, commerce signals and enterprise data into a shared intelligence foundation.”
Tata Consumer Products has operationally deployed multiple agentic AI models across sales, R&D and marketing, with named internal platforms such as AI Launchpad, Saathi (voice AI companion), R&D Genie, Zara enterprise assistant, and an AI Academy.
“we have deployed AI to capture micro trends and compress product development cycles, commercialised multiple agentic models across functions and put several more in advanced field testing”
OFSS integrates AI across its banking and financial services software portfolio, with its products recognized as leaders in AI-Enabled embedded trade financing, loan origination, risk management and digital banking platforms, though AI is a feature of its core banking software business rather than a standalone revenue line.
“During the year, we were recognized as a leader by IDC MarketScape in the Worldwide AI-Enabled Embedded Trade Financing Applications, and Loan Origination & Loan Management Systems.”
IDBI Bank has operationally deployed an upgraded Enterprise Fraud Risk Management Solution that integrates Explainable AI, behavioural biometrics and predictive analytics for real-time fraud monitoring across customer transactions.
“A key milestone in this modernisation journey is the upgrade of our Enterprise Fraud Risk Management Solution (EFRMS). This system now integrates Explainable AI (XAI), advanced behavioural biometrics, and predictive analytics to secure customer transactions in real-time.”
Definition used: Develops, sells or operationally deploys AI/ML models, platforms or AI-driven products and services. Generic "digital transformation" or aspirational AI language does NOT qualify. Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.
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