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 embedded feature within defence products ('AI-enabled defence platforms', 'AI-enabled technologies'), not as a standalone AI business.
“Whether it is secure communication systems, underwater warfare electronics or AI-enabled defence platforms, our unwavering focus is on delivering solutions that meet the high-stakes demands of modern warfare and national security.”
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”
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.”
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.”
ParentingGPT (a generative AI chatbot) and proprietary ML algorithms are deployed as features within the FirstCry retail platform, not as a standalone AI business.
“We also introduced ParentingGPT, a generative AI-powered chatbot that offers real-time, personalised parenting support.”
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.”
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.”
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.”
Puravankara lists AI as a material topic and reports internal operational use of AI tools for sales analytics, quality checks, and automated support within its real estate business — not a standalone AI product or service line.
“Integrating AI to enhance decision-making, improve customer service, and increase operational efficiency Using AI tools for sales analytics, quality checks, and automated support systems”
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.”
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.”
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.”
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 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.”
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-enabled engineering is listed as one of eight strategic growth priorities for FY27-FY30, but Telge does not develop or sell AI products — it uses AI tools within its BIM/engineering service delivery.
“3. AI-Enabled Engineering Leverage artificial intelligence, automation, and advanced analytics to improve productivity, quality, and project outcomes.”
AI is referenced only as an industry-level trend in the toy sector, not as part of K.V. Toys' own products or operations.
“Manufacturers are increasingly incorporating AI, connectivity, adaptive learning capabilities and interactive applications into toys, creating engaging and personalised play experiences while enhancing developmental outcomes.”
Company states it is actively developing and validating AI-based solutions for internal application across its education, media and enterprise verticals, with no current AI revenue or specific products disclosed.
“The Company is actively developing AI-based solutions and evaluating their application across education, media, enterprise processes and other areas relevant to its business.”
AI is referenced solely as part of macroeconomic commentary on global technology-cycle demand drivers, with no indication of Duroply's own operational deployment or business in AI.
“the global technology cycle, powered by advances in artificial intelligence (AI) and its adoption”
T&I Global sells one AI-enabled tea colour sorter (ANCOO) as part of its broader tea processing machinery portfolio; AI is a product feature rather than a business line.
“our AI-enabled ANCOO digital intelligent tea colour sorter”
Company altered its object clause via postal ballot on 26 March 2026 to permit future activity in IT, software development, robotics and AI, but there is no current revenue or operational deployment of AI.
“Information Technology, software development, robotics, artificial intelligence, etc.”
AI and NLP are listed only as part of the wholly-owned subsidiary Amulet Technologies Limited's broad stated consultancy objectives, with no evidence of actual AI products, clients or revenue in the opening section.
“The Primary objective of the subsidiary company is to offer consultancy, advisory & all related services in all areas of information technology including computer hardware & software, data communication, telecommunications, manufacturing & process control & automation, artificial intelligence, natural language processing.”
AI is referenced only in passing market commentary by the directors about FII flows to other markets; the stockbroker has no AI product, service or operational exposure.
“One possibility is FII flows are moving to markets like USA, Korea and even Japan where the AI buzz is propelling markets to new highs on a regular basis. In India, the technology companies have been late in jumping onto the AI bandwagon”
AI/ML is referenced only as a topic within an employee reskilling program, with no current AI products, platforms or deployment as a business line.
“A comprehensive reskilling programme is underway across the organisation, equipping our workforce with the competencies demanded by a rapidly evolving insurance landscape, spanning digital underwriting, usage of AI/ML, customer experience, and emerging risk assessment.”
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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