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 referenced only as an industry-level growth driver for the global biotechnology sector; Concord does not develop, sell or deploy AI products or services.
“This growth is being fuelled by breakthroughs in genetic engineering, bio-pharmaceuticals, synthetic biology, and AI-assisted drug discovery.”
The company describes integrating AI/ML into its R&D processes as a strategic trend, but this is aspirational language rather than a product or service line.
“Embracing global trends, we are integrating artificial intelligence and machine learning into our R&D, accelerating innovation, reducing costs, and enhancing precision in developing novel compounds.”
AI is referenced only as a future-facing operational lever in the strategic outlook, with no concrete AI products, platforms or services described.
“Harness automation, AI and digitalisation for efficiency”
The company mentions having implemented AI internally in its systems with employee training, but no specific AI product, platform, or service line is described.
“Company has already implemented Artificial Intelligence (AI) in its system and trainings are imparted to employees on a regular basis for responsible use of AI.”
UTI AMC mentions AI as part of its technology evaluation and has launched an internal AI-powered contact centre (VAANI) and AI literacy training, but does not sell AI products or services as a business line.
“We are also sharpening our evaluation of technology-led shifts, including artificial intelligence, where competitive advantage can change meaningfully as adoption scales.”
AAVAS discusses AI as a future capability for underwriting, fraud detection, collections and servicing within its housing finance operations, framed as outlook/philosophy rather than a current revenue-generating product line.
“We see real potential for AI in underwriting, fraud detection, collections and servicing, and we hold one line without exception: a model may recommend, a person remains responsible.”
IEX references AI (alongside blockchain, storage, smart grids) as part of an aspirational convergence of technologies, with no deployed AI/ML product or revenue mentioned.
“The integration of renewable energy sources, smart grid technologies, advanced energy storage systems, artificial intelligence (AI) and blockchain is set to unlock a new era of innovative products and services.”
Vision 2047 lists becoming 'digital and AI-first' and embedding AI across plants and processes as a strategic pillar — aspirational language about own operations, not an AI product/service business.
“BECOME DIGITAL AND AI-FIRST Embed data, digital and AI across plants, processes and decisions.”
AI is referenced only as an aspirational/feature element integrated into smart metering products, not as a standalone business or revenue driver.
“By integrating AI and IoT, we unlock predictive maintenance, optimise grid performance and accelerate the shift to smart infrastructure.”
AI is referenced only as a future learning topic for board members, not as an operational business activity.
“The Board identified the need to conduct focused learning sessions on pivotal topics like AI and Generative AI, digital twin, ESG and sustainability trends, to strengthen informed decision-making.”
Artificial intelligence is referenced only as part of macro/global economic commentary about investment trends and productivity risks, with no operational deployment by the jewellery retailer.
“rising investments in artificial intelligence and advanced technologies”
Company cites AI as an industry demand driver increasing demand for refurbished high-end computers, but does not itself develop, sell or deploy AI/ML models or AI-driven products.
“I would like to touch upon the AI-related shifts in the industry. AI is becoming increasingly integral to the way enterprises, governments, students and consumers work and learn, further strengthening the importance of access to affordable and reliable computing.”
AI is referenced only as an aspirational strategic enabler and outlook priority across the Group, with internal deployment in analytics, automation and decision-making rather than as a developed/sold product line.
“Across the Group, Artificial Intelligence, automation and data analytics are increasingly being deployed to improve project planning, customer servicing, compliance, risk management and operational decision-making.”
AI modules are listed as one of several offerings under the Industrial Projects segment, but no specific AI revenue, named projects or products are disclosed in the text.
“Offerings include integrated IIoT platforms, AI modules, operation and maintenance services, retrofits, and spares.”
AI is referenced only within global macroeconomic commentary in the MDA; DBL does not describe AI/ML as part of its own operations or offerings.
“According to the International Monetary Fund (IMF), global output expanded by approximately 3.4%, supported by resilient labour markets, moderating inflation, improving financial conditions and sustained investment in technology, artificial intelligence and digital infrastructure.”
AI is referenced only as a future aspiration for internal HR processes, not as a product, platform or commercial offering.
“We will also explore the adoption of artificial intelligence (AI) across our HR processes to improve efficiency and decision-making.”
Company is developing AI-enabled platforms for monitoring and optimization within its water treatment operations, but this appears as an emerging technology with no indication of material revenue yet.
“AI-enabled platforms for monitoring, optimization, predictive analytics and intelligent plant operations.”
AI is referenced only as industry-level context in the CMD's message describing how technology is reshaping pharma; FDC does not develop, sell or deploy AI/ML products as a business line.
“Artificial intelligence, digital health, data analytics and smart manufacturing are transforming the way medicines are discovered, developed and delivered, opening new possibilities to improve patient outcomes and expand access to quality healthcare.”
“Emerging technologies like artificial intelligence, machine learning, and precision medicine are not just buzzwords; they are poised to revolutionize drug discovery, manufacturing, and patient care.”
AI is referenced solely as a macro risk to IT-sector employment and, by extension, to urban housing demand — not as any business activity of the company.
“the pace of artificial intelligence adoption raises legitimate questions about white-collar job creation in the information technology sector, which is a significant driver of urban housing demand in several markets.”
AI is mentioned only as an aspirational opportunity across planning, design, customer engagement, sales and operations, with no current deployment, products or revenue.
“Artificial Intelligence has the potential to improve how businesses analyse information, understand customers and make decisions. We see an opportunity to progressively use AI across planning, design, customer engagement, sales and operations, helping our teams work with greater speed, insight and efficiency.”
AI tools have been integrated into internal R&D processes for product standardisation; AI is not a product or service sold externally.
“The Company has integrated the AI tools in R&D process to maintain standardisation across its products.”
AI is referenced as a global investment trend and embedded in drone solutions, but is not a principal standalone business of the company.
“Artificial Intelligence (AI), cloud computing, semiconductor manufacturing and digital infrastructure emerged as key drivers of global capital expenditure.”
Borosil uses AI internally for manufacturing (spare-parts identification, CCTV analytics, predictive maintenance) and via its 'Borosil IQ' enterprise platform, but explicitly describes this as an early-stage internal initiative, not an AI product or service business.
“While our AI journey is still in its early stages, we view these capabilities as important building blocks in designing a more connected, innovative and future-ready Borosil.”
AI is mentioned only as one of India's macro emerging sectors in the MD&A outlook — no company-level AI exposure.
“Looking ahead, India's next phase of economic evolution is expected to be driven by emerging sectors including artificial intelligence, digital public infrastructure, green hydrogen, semiconductors, and advanced manufacturing, supported by targeted policy frameworks and growing private sector engagement.”
AI is used internally in engineering and project management workflows; Interarch does not sell or deploy AI products or services externally.
“our rollout of SAP S/4HANA and a growing use of AI in engineering and project management are knitting the business together digitally.”
“We build on this with digital integration, including SAP S/4HANA-enabled real-time project analytics and ongoing exploration of AI-driven coordination tools to improve planning, visibility, and execution.”
UFBL briefly notes operational use of AI/data intelligence for booking optimisation and cancellation reduction within its restaurant business, but this is a minor internal tool, not a product or business line.
“We use AI and Data Intelligence to optimise bookings and minimise cancellations.”
Chairman refers to AI, IoT and automation as industry-wide trends reshaping factory floors; the company does not develop or sell AI as a product/service.
“Technologies such as AI, IoT, and automation are reshaping factory floors making operations smarter, leaner, and more sustainable.”
AI-driven credit scoring is mentioned only as forward-looking/aspirational language in the Outlook section, with no current revenue or operational deployment described.
“Technological Integration: The adoption of AI-driven credit scoring and digital platforms will enhance our ability to assess and serve a broader customer base, particularly in underserved segments.”
AI is discussed only as an industry-wide trend affecting content creation, not as a business line or product of PSIL.
“Technology is increasingly becoming an integral part of the entertainment value chain. Artificial Intelligence, data analytics, virtual production, advanced visual effects and other Media Tech solutions are changing the manner in which content is conceptualised, produced, marketed and distributed.”
AI is referenced only in forward-looking, evaluative language across the MD&A; the company describes no current AI products, services or revenue.
“Digital tools, data analytics and artificial intelligence are gradually influencing project planning, risk identification, monitoring and maintenance practices. The Company will continue to evaluate such applications where they can provide practical benefits in engineering, project management and operations.”
BL Kashyap only flags AI-based project analytics as a forward-looking technology it is exploring for its construction operations; no AI product, platform or revenue.
“Going forward, B.L. Kashyap continues exploring advanced construction technologies such as Building Information Modeling (BIM), automation, artificial intelligence-based project analytics, digital twins, and sustainable construction solutions.”
Company is internally deploying AI/digital tools to improve productivity and operations, but AI is not a product or service line and is not a revenue driver.
“He is spearheading the implementation of Artificial Intelligence (AI) initiatives within the Company and is responsible for driving technology-led transformation across various business processes.”
Company describes aspirational plans to deploy AI internally for production planning and customer engagement, but does not sell or operate AI products as a business.
“investments are being made in data analytics and artificial intelligence to deliver actionable insights, optimize production planning, and strengthen customer engagement.”
The report discusses AI only as an aspirational/industry-wide opportunity for design development, inventory management and responsiveness — there is no indication that the company develops, sells or operationally deploys AI/ML products.
“Technology is rapidly becoming a defining competitive lever across the gems and jewellery value chain. Artificial intelligence, digital workflows and data-led planning tools are enabling faster design development, enhanced production visibility, more disciplined inventory management and sharper customer responsiveness across the industry.”
AI is referenced only as an IMF outlook driver for global growth, not as part of DAM Capital's investment banking business.
“the IMF expects the global economy to maintain a broadly stable growth trajectory, underpinned by sustained investment in artificial intelligence, advanced technologies and productivity-enhancing innovation.”
AI/ML is referenced only as an industry-wide construction-sector trend in the outlook section, not as a product or service the company offers.
“The construction sector is rapidly adopting AI, Machine Learning, and BIM (Building Information Modelling) to optimize project outcomes, improve safety, and manage resources efficiently.”
A paper manufacturer plans to internally apply AI for predictive maintenance, inventory planning and MIS reporting in its own operations; this is not a commercial AI product/business.
“we are advancing plans to integrate artificial intelligence into several manufacturing and management processes, covering predictive maintenance, inventory planning, MIS reporting and order fulfilment efficiency”
AI is mentioned only as one of several generic emerging technologies adopted into internal processes and service delivery, with no indication the company develops or sells AI products.
“During FY 2025–26, the Company continued to adopt and integrate relevant emerging technologies, including artificial intelligence, automation, cloud-based technologies and advanced analytics, into its service delivery and internal processes.”
AI-enabled systems are listed as one of four 'Strategic Initiatives & Expansion Plans' for FY26-27 under 'Technology Integration', with no products, revenue or concrete commitments disclosed.
“Incorporating AI-enabled systems, improved procedures and new intellectual-property development.”
HMVL discusses AI/GenAI only as forward-looking and aspirational language for its own productivity, decision-making and innovation; the company is a Hindi newspaper publisher with no AI product or service line.
“Emerging technologies, including GenAI, are expected to play an increasingly important role in improving productivity, supporting decision-making and enabling innovation across functions.”
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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