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.
Core — the theme IS a principal business todayGrowing — real operations, not yet the main businessAnnounced — committed plans or orders, little revenue yetMention-only — appears only as outlook language
RedingtonTrading & DistributorsGrowing₹27,361 CrP/E 16.5 vs 13.8ROCE 15.7%
Redington operates an AI Exchange platform and AI Center of Excellence, distributing and enabling AI solutions as part of its Software Solutions Group, but AI is not the principal business.
“We expanded our reach in tier-2 and tier-3 markets, improving technology access for SMBs, while strengthening our AI capabilities through investments in our AI Center of Excellence and AI Exchange platform.”
+1 more quote from the report
“Capability building in new-age technology like AI, cloud, software & security, which is growing to be a dominant business line in future.”
Angel OneStockbroking & AlliedGrowing₹26,215 CrP/E 4.3 vs 15.8
Angel One has operationally deployed AI/ML across its platform including the 'Ask Angel' chatbot, the in-house Data Analyst Agent (DAA), Agentic AI in engineering workflows, and ML-driven credit decisioning — AI supports but is not itself a separate revenue segment.
“We launched our proprietary AI-powered chatbot, 'Ask Angel', ushering a new era of intelligent client engagement, with the platform resolving >80% of client queries autonomously.”
+2 more quotes from the report
“FY26 marked a structural shift toward operationalising artificial intelligence across core workflows, moving beyond pilot initiatives to deploy capabilities that enhance operating leverage, engineering velocity and client engagement.”
“Our deep adoption of emerging technologies such as AI, combined with resilient infrastructure and real-time intelligence, enables stronger engagement, faster build cycles and superior scalability.”
Kaynes operationally deploys AI/ML in its Sensonic rail safety products and Kavach-aligned systems, and offers AI/ML services as part of its digital engineering capabilities.
“AI-led rail safety deployed (Sensonic)”
NBCCCivil ConstructionGrowing₹23,998 CrP/E 27.8 vs 15.4ROCE 29.7%
NBCC is operationally deploying AI/ML for design optimization, predictive project monitoring, risk assessment and quality assurance across its construction and PMC projects.
“NBCC has begun integrating Artificial Intelligence across key areas of operations. AI-driven solutions are being deployed for design optimization, predictive project monitoring, risk assessment, and quality assurance.”
Prime FocusPFOCUSGrowing₹23,125 CrP/E 100.0ROCE 9.8%
Prime Focus has multiple AI-focused subsidiaries, including Brahma AI Limited and Brahma AI Services UK Limited (formerly Metaphysic Limited), indicating real AI operations as part of its business portfolio.
“13. To approve material related party transaction(s) between Brahma AI Limited, a subsidiary of the Company and certain Identified Related Parties of the Company.”
AI/ML is operationally deployed across the platform for customer support (85% auto-resolved), partner voice queries, real-time image-based SOP auditing (23.5M images in Q4 FY26), fraud detection, IoT diagnostics and AI-assisted code generation (>90% of codebase), but AI is an enabler of their home-services business rather than a product they sell.
“Our AI-powered conversational agents now resolve 85% of customer queries end-to-end without human intervention.”
The Ramco CementsCement & Cement ProductsGrowing₹21,180 CrP/E 19.8 vs 23.2ROCE 7.1%
Ramco operationally deploys AI tools in its cement operations — including AI-enabled bank reading, purchase bill scanning, and cheque data extraction — though this is internal process automation, not a revenue-generating AI business.
“AI-enabled purchase bill scanning and automated cheque data extraction has significantly reduced manual dependency.”
EihHotels & ResortsGrowing₹18,964 CrP/E 19.7 vs 22.9ROCE 14.9%
EIH operationally deploys AI in its hospitality business via an AI-powered HCM platform (Darwinbox) and Oberoi Assist (powered by Glowing.io) for automated, personalised guest communications.
“AI-enabled check-in prompts and departure communications further enhance convenience, creating a seamless and thoughtfully curated experience from arrival to departure.”
Computer Age MNGT SerDepositories Clearing Houses and Other IntermediariesGrowing₹18,673 CrP/E 19.6ROCE 43.8%
CAMS has built and operationally deploys AI products (CAMSAi suite, CAMSLens) and, through its Think360.ai subsidiary, runs a full-stack data-science and AI solutions business serving 190+ BFSI clients, but AI remains secondary to its core mutual fund RTA services.
“Powered by Specialised Language Models (SLMs), CAMSAi tackles the last-mile challenges that generic AI cannot handle, such as multi-intent interactions, multilingual handwriting, nuanced compliance, and real-time fraud detection – effectively improving service quality, operational agility, and compliance while optimising costs and risk.”
Zen TechnologiesAerospace & DefenseGrowing₹17,327 CrP/E 100.0 vs 60.3ROCE 15.1%
AI is operationally embedded across Zen's product portfolio - Hawkeye AI camera, AI-powered RCWS, AI-enabled simulators - with a dedicated Software and AI Development Centre and associate AI Turing Technologies, but not a standalone revenue line.
“Hawkeye, an AI-powered multi-sensor camera that lifts drone detection to 15 km, up from the earlier 7 to 8 km, with tracking accuracy of plus or minus 0.5 mrad.”
+1 more quote from the report
“BRANCH OFFICE (Software Division and AI Devlopment Centre) D. No: 2-91/77/2/ST/11&12, Signature Towers, Opp. Botanical Gardens, Kondapur, Serilingampally, Hyderabad, Telangana - 500084, India.”
Syngene InternationalHealthcare Research Analytics & TechnologyGrowing₹16,368 CrP/E 50.1 vs 28.8ROCE 7.5%
Syngene operationally deploys AI/ML across drug discovery workflows via its 'Syn.AI' platform to accelerate research and decision-making for clients, but this is an embedded capability rather than a standalone product.
“We integrate artificial intelligence (AI) and machine learning (ML) capabilities across drug discovery workflows to support faster data analysis, improved decision-making and accelerated research timelines for clients.”
KPIT is operationally deploying AI across engineering projects for clients and is progressively shifting toward solutions and AI-driven services within its automotive/mobility software integration business.
“we initiated AI deployment across engineering areas in applicable projects during the year. Several key solutions were designed, piloted and deployed across projects delivering early success across multiple projects.”
+1 more quote from the report
“Extended AI Landscape: To further strengthen AI adoption across the organization and extend its capabilities to customers, the Company has established a hybrid AI infrastructure.”
TCL is operationally deploying AI, IIoT and automation across its manufacturing plants and safety processes as part of its smart manufacturing focus area, but AI is not a product or service it sells.
“Scaling AI, IIoT and automation across manufacturing and safety use cases”
JBM AutoAuto Components & EquipmentsGrowing₹15,679 CrP/E 60.6 vs 26.9ROCE 12.2%
JBM operationally deploys AI-enabled digital twins and AI-powered EMS in its Battery Management Systems and Energy Storage Systems for predictive maintenance and performance tracking.
“Custom-built for each application with advanced diagnostics, AI-enabled digital twins, and adaptive logic for extended lifecycle and safety”
Cartrade TechE-Retail/ E-CommerceGrowing₹14,718 CrP/E 62.1 vs 14.7ROCE 10.5%
AI/ML is operationally deployed across CarTrade Tech's platforms (personalised recommendations, AI-powered search, dealer CRM, dynamic valuation, chatbot) and embedded in SaaS products sold to dealers, OEMs and financial institutions, though it is not the core business.
“From predictive pricing and AI-driven listing automation to intelligent chatbots and dealer CRM tools, the Lab is already delivering measurable outcomes.”
Intl Gemological InstDiversified Commercial ServicesGrowing₹14,659 CrP/E 23.3 vs 15.1ROCE 58.1%
IGI has developed and operationally deployed an AI-powered diamond origin analyzer (IGI Origin) used in its certification workflow, and recorded its first commercial sale to an independent retailer.
“During FY 2025-26, we introduced IGI Origin, an advanced AI-powered diamond origin analyser designed to elevate speed, precision, and consistency in diamond screening.”
CeatTyres & Rubber ProductsGrowing₹14,326 CrP/E 17.9 vs 24.1ROCE 12.8%
CEAT has operationally deployed a generative AI-powered chatbot on its website to handle customer interactions, lead generation and product discovery, contributing to a 50% increase in dealer footfalls.
“A significant digital milestone during the year was becoming the first tyre brand to deploy an agentic, Generative AI-powered chatbot on its website.”
Aptus operationally deploys ML-based bounce prediction models and proprietary ML credit scoring within its underwriting and collections technology stack, supporting its affordable housing finance business.
“We further strengthened our technology platform by implementing ML-based bounce prediction models, real-time delinquency dashboards, and integrating the Unified Lending Interface (ULI) into our underwriting process.”
Home First operationally deploys AI/ML across its lending value chain — ML-based customer scoring, AI-enabled document interpretation, and voice-enabled capabilities in underwriting and collections — but AI is an enabler of its core housing finance business, not a standalone revenue line.
“AI and voice-enabled capabilities are now embedded across core platforms, driving efficiencies across lead generation, verification, underwriting, collections, and customer service.”
+1 more quote from the report
“Strengthen digital infrastructure and operational workflows to ensure seamless service continuity, while leveraging advanced AI/ML frameworks governed by ethical standards and data privacy protocols.”
Varroc EngineeringAuto Components & EquipmentsGrowing₹12,445 CrP/E 105.2 vs 26.9ROCE 15.0%
Varroc Smart Mobility platform deploys AI-powered algorithms and AI-driven analytics for fleet tracking, driver behavior monitoring, and video telematics as part of its connected products business.
“Our Smart Mobility solutions harness connected technologies, AI-powered analytics and cloud-native platforms to deliver real-time intelligence that enhances fleet efficiency, operational visibility and road safety.”
Can Fin HomesHousing Finance CompanyGrowing₹11,059 CrP/E 9.1 vs 13.9
Can Fin Homes has operationally deployed the Vani AI-powered virtual assistant chatbot and the Sampark AI-driven lead-generation application to support customer engagement and lead generation in its housing finance business.
“With the introduction of Vani Chatbot, our AI digital assistant on our corporate website, customers can now enjoy an elevated service experience.”
Aavas FinanciersHousing Finance CompanyGrowing₹10,704 CrP/E 21.5 vs 13.9
Aavas operationally deploys AI/ML models (including a bounce prediction model) in underwriting, document processing, collections and customer engagement to support its housing finance business.
“We are also embedding advanced technologies such as Artificial Intelligence and analytics to enable smarter credit decisions, intelligent document processing, and personalised customer engagement.”
Saregama IndiaMedia & EntertainmentGrowing₹9,748 CrP/E 38.7 vs 32.5ROCE 15.7%
Saregama operationally deploys AI/ML systems for IP protection (tracking unauthorized usage of its music/video catalogue) and for predictive analytics in content acquisition decisions, but AI is not a product or service line.
“We deploy advanced AI and Machine Learning systems to track and safeguard our vast music and video catalogue across platforms globally.”
Tejas embeds AI across its networking product portfolio (AIOps, CAP, UFS, Autonomous Agentic AI, GenAI chatbot) and uses AI internally in SDLC, build pipelines and RCA, but AI is a feature of its telecom business rather than a standalone product.
“At Tejas Networks, we embed Artificial Intelligence across our entire product portfolio to transform network management—turning networks into intelligent, self-healing systems that predict and rectify issues before they happen.”
+1 more quote from the report
“driven by huge demand for data and network expansion, through adoption and rapid proliferation of Artificial Intelligence and technology such as 5G advanced and 6G.”
Thyrocare TechHealthcare Service ProviderGrowing₹9,009 CrP/E 36.1 vs 22.8ROCE 33.2%
Thyrocare operationally deploys AI-enabled tools across image analysis, pathology interpretation and predictive diagnostics, including the SigTuple automated microscopy platform, as part of its diagnostics operations.
“At Thyrocare, AI-powered tools are being used across the value chain to improve accuracy and reporting turnaround time.”
Eureka ForbesHousehold AppliancesGrowing₹8,030 CrP/E 66.1 vs 57.6ROCE 3.9%
Eureka Forbes operationally deploys AI across its service platform (hyper-personalisation, churn prediction, fraud detection) and within products such as AI-based obstacle detection in robotic vacuum cleaners.
“AI-powered hyper-personalisation engine that delivers segmented renewal offers and runs churn prevention models.”
Axiscades TechAerospace & DefenseGrowing₹6,770 CrP/E 120.2 vs 60.3ROCE 12.3%
AI is a core element of the ESAI vertical, with the company delivering AI-enabled embedded/edge products (AI inferencing, ADAS, robotics) in partnership with NVIDIA, Qualcomm and Texas Instruments; ESAI generated ~Rs 145 cr in FY25.
“At AXISCADES, we are at the forefront of deep-tech innovation, delivering AI-enabled product development and end-to-end embedded solutions that span the entire product lifecycle, from concept and prototyping to deployment and optimization.”
Rashi PeripheralsComputers Hardware & EquipmentsGrowing₹5,766 CrP/E 18.3 vs 23.1ROCE 18.0%
Distributes NVIDIA AI infrastructure (including DGX Spark systems) and runs multi-city AI Bootcamps and AI Factory Partner Enablement Workshops, generating real AI-related distribution revenue.
“As a prominent distributor for NVIDIA AI solutions, including the NVIDIA DGX Spark, we enabled SMBs, corporates and developers to deploy agentic AI, inferencing and on-premise LLMs.”
+2 more quotes from the report
“RP tech has strategically strengthened its capabilities in significant growth segments such as AI, enterprise solutions, embedded electronics, semiconductor technologies and digital learning solutions.”
“The Company conducted an eight-city AI Bootcamp, engaging more than 2,500 developers and over 300 CXOs to promote AI infrastructure adoption and enterprise utilization.”
Mas Financial ServNon Banking Financial Company (NBFC)Growing₹5,467 CrP/E 14.0 vs 17.5
MAS has operationally deployed an AI-driven Video PD platform and is integrating AI into its credit decisioning framework, though AI is used to support its NBFC lending business rather than being sold as a product or service.
“During the year, we strengthened our digital verification capabilities through the roll-out of our AI-driven Video PD (Personal Discussion) platform, which transforms the traditional in-person discussion into a secure, remote, and fully digital experience.”
C.E. Info SystemsSoftware ProductsGrowing₹5,420 CrP/E 39.0 vs 19.6ROCE 21.3%
AI/ML-powered mapping solutions are part of the company's product offerings, and its 40.17% associate Kogo Tech Labs operates a Sovereign Agentic AI OS for enterprise/B2B customers (TechM, Accenture, Bank of Baroda, Indian Army).
“The Company offers proprietary Digital Maps as a Service (MaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), along with advanced APIs, navigation systems, geospatial analytics, AI/ML-powered mapping solutions, and IoT platforms.”
AvenuesaiFinancial Technology (Fintech)Growing₹5,326 CrP/E 14.8 vs 90.9ROCE 6.2%
Infibeam has launched multiple real AI products — Phronetic.AI agentic marketplace, THEIA video AI platform, and AI-based fraud/risk analytics — with a ₹700 crore rights issue partly allocated to scale this business alongside payments.
“FY25 marked our decisive pivot toward artificial intelligence as a core business enabler. We launched the Global Agentic AI Marketplace - a pioneering initiative that empowers developers, enterprises, and consumers to build and deploy AI agents as digital co-workers.”
MPSPrinting & PublicationGrowing₹4,962 CrP/E 29.8 vs 10.4ROCE 33.1%
MPS describes itself as an AI-first knowledge company where AI is the core engine across content engineering, platform technology, and customer workflows, supported by 200+ AI engineers and applied to over 1 million manuscripts.
“AI serves as the power to the engine and not as a feature bolted onto finished products. As an AI-first knowledge company, intelligence runs through everything we build: how content is engineered, how platforms are run, and how knowledge is checked and delivered.”
Wakefit InnovationsFurniture Home FurnishingGrowing₹4,638 CrP/E 24.6 vs 37.9ROCE 6.8%
Wakefit sells AI-powered sleep solutions, including the 'Zense' range (Track8 contactless sleep tracker and Regul8 temperature-regulating mattress controller), as a sub-line within its mattress portfolio.
“We also offer sleep solutions that incorporate advanced AI solutions to regulate temperature, analyse sleep patterns, and provide personalised insights.”
BLS E-servicesIT Enabled ServicesGrowing₹2,916 CrP/E 53.2 vs 19.6ROCE 16.2%
BLS operationally deploys an AI-powered BLS Sewa platform and the BLS Buddy virtual assistant to support customers and agents across its 1,55,000+ touchpoint network; AI also appears as a new FY26 service category.
“Our AI-powered BLS Sewa platform and the BLS Buddy virtual assistant translate complex financial and government processes into simple, assisted interactions.”
+1 more quote from the report
“With 130+ million annual transactions generating a rich data stream, BLSe is building an AI layer that makes the network smarter with every interaction.”
Allcargo LogisticsLogistics Solution ProviderGrowing₹1,835 CrP/E 43.7 vs 16.2ROCE 0.2%
Allcargo operationally deploys AI/ML across its logistics network via named products including Prompt AI®, HubEye, AIM and an AI-driven Control Tower with 99.9% GEMS uptime, though logistics remains its core business.
5paisa CapitalStockbroking & AlliedGrowing₹1,200 CrP/E 25.9 vs 15.8
5paisa deploys multiple AI/ML-driven products to its customers on its broking platform, including 5paisa MCP (AI trading companion), AI Chat, IntraEdge (AI/ML stock basket recommendations), and AI-powered signature validation; AI is a significant product-layer feature but the principal business remains broking (47% of FY26 revenue).
“5paisa MCP – An AI-powered trading companion that enables conversational research and chat-based trade execution, making investing more intuitive and accessible.”
+1 more quote from the report
“We continued to leverage AI for enhancing customer experiences, launching 5paisa MCP along with AI-powered live news and developer API assistance.”
Allied Digital has live AI deployments across managed services, digital workplaces, computer vision, automation and monitoring, but AI is part of its broader technology-services portfolio rather than its entire business.
“At Allied Digital, the company embeds AI across managed services, digital workplaces, cybersecurity operations, infrastructure management and intelligent monitoring systems to help organisations improve efficiency, accelerate decision making, improve resilience and enhance user experience.”
+1 more quote from the report
“Digital Desk represents a key pillar of our strategy. It has evolved into an enterprise service management platform that brings together operational visibility and intelligent workflow management across business functions.”
AI is embedded in the company's product offerings (e.g., 'AI-driven security awareness', 'Threatcop AI Inc.' subsidiary), but it is a feature within the cybersecurity business rather than a standalone revenue line.
“the Company continued to be engaged in the business of developing and providing cybersecurity and software solutions, including AI-driven security awareness, phishing simulation, learning management, email security, and related services”
Developed and deployed an in-house AI underwriting solution (OmniGen AI) and won industry recognition as 'Generative AI/ML Market Disruptor of the Year' at AWS AI Conclave, though AI is an enabler rather than the core insurance business.
“Our technology enabled in-house teams developed an AI enabled underwriting solution- OmniGen AI, accelerating policy issuance with more consistent and accurate decisioning.”
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”.
MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.
