Artificial Intelligence

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
TierAll tiersCore businessGrowingAnnouncedMention-onlySortBy exposureLargest firstNewest evidence12 core · 138 growing · 22 announced · 143 mention
CAN Fin HomesHousing Finance CompanyGrowing₹9,706 CrP/E 8.6 vs 11.1

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.”

Annual Report · p. 18
Axiscades TechAerospace & DefenseGrowing₹9,585 CrP/E 263.4 vs 76.4ROCE 12.3%

AI is delivered via the XiDA Inc AI-centric ESAI Platform — one of four focused growth engines — through AI-enabled products and domain-led AI applied across aerospace, defence and space programmes; AI is bundled within the ESAI revenue segment.

“We are concentrating leadership attention and capital investment into four distinct growth engines: Aerospace Manufacturing, SCM & MRO; Defence Solutions; XiDA Inc (the AI-centric ESAI Platform); and our newly formed Space division.”

Axiscades Technologies Ltd - 532395 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 34
Brainbees SolutionsE-Retail/ E-CommerceGrowing₹8,990 CrROCE -2.4%

Operationally deploys AI features (Parenting GPT, AI-powered product discovery and personalised shopping journeys, child-profile based recommendations) within its commerce platform and parenting community, but AI is an enabling feature, not a standalone revenue line.

“AI-powered tools such as Parenting GPT, and a full set of due-date calculators, vaccination and growth trackers, milestone trackers, baby name tools, Q and A forums, discussion groups and personalised parenting content.”

Brainbees Solutions Ltd - 544226 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 13
+1 more quote from the report

“Built on AI, machine learning and our own digital platforms, it stays with parents from pregnancy through childhood”

Brainbees Solutions Ltd - 544226 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 24
ShiprocketSHIPROCKETGrowing₹8,463 Cr

Shiprocket develops and operationally deploys in-house AI/ML models across its platform — including ISO-certified RTO prediction, checkout address pre-fill, delivery date prediction, courier recommendation and GenAI-powered CoPilot — though AI is not sold as a separate revenue line.

“Our ISO-certified AI-powered RTO prediction models identify high-risk orders before dispatch, while intelligent logistics allocation recommends the optimal shipping partner based on delivery timelines, cost and historical performance.”

Shiprocket Ltd - 544871 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 16
+1 more quote from the report

“We are applying AI to reduce fraud and RTOs, improve pickups, shipping SLAs and dispute resolution, and enhance checkout and conversions through consumer intelligence.”

Shiprocket Ltd - 544871 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 20
Tejas NetworksTelecom - Equipment & AccessoriesGrowing₹8,454 CrROCE -37.1%

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.”

Annual Report · p. 20
+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.”

Annual Report · p. 35
Thyrocare TechHealthcare Service ProviderGrowing₹8,165 CrP/E 30.0 vs 24.6ROCE 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.”

Annual Report · p. 27
Eureka ForbesHousehold AppliancesGrowing₹6,791 CrP/E 37.7 vs 42.7ROCE 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.”

Annual Report · p. 26
Lohia CorpLCLGrowing₹6,598 CrP/E 99.7

Lohia runs a dedicated Digital Innovation Centre in Bengaluru focused on IoT and AI, with the Lohia IoT Gateway deployed in machines since 2022 (plus retrofits to 2011-era machines) and Digital Twin capabilities, though this is an embedded feature of its core machinery business rather than a standalone AI revenue line.

“Our Digital Innovation Centre in Bengaluru works on IoT and AI — machine monitoring, data visibility and operating insight.”

Lohia Corp Ltd - 544839 - Reg. 34 (1) Annual Report. · Oct 2026 · p. 12
+1 more quote from the report

“The Company also leveraged digital and AI-enabled solutions to improve operational efficiency and product quality. AI-based Intelligent Defect Detection systems were utilized for automated identification of weaving faults and surface imperfections. The Lohia IoT App continued to strengthen customer engagement and machine connectivity.”

Lohia Corp Ltd - 544839 - Reg. 34 (1) Annual Report. · Oct 2026 · p. 25
Rashi PeripheralsComputers Hardware & EquipmentsGrowing₹6,194 CrP/E 19.4 vs 26.9ROCE 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.”

Rashi Peripherals Ltd - 544119 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 8
+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.”

Rashi Peripherals Ltd - 544119 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 32

“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.”

Rashi Peripherals Ltd - 544119 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 33
Seshaasai TechnologiesFinancial Technology (Fintech)Growing₹5,994 CrP/E 19.4 vs 73.5ROCE 22.0%

The company is operationally deploying AI/ML inside its proprietary eTaTrak logistics platform and IOMS inventory/order-management platform, and is exploring AI and RPA across functions.

“Continued investments in AI and machine learning for our eTaTrak and IOMS platforms, supporting the evolution of intelligent logistics, inventory and customer-facing applications.”

Seshaasai Technologies Ltd - 544533 - Revised Annual Report For The Financial Year 2025-26 · Sept 2026 · p. 15
AvenuesaiFinancial Technology (Fintech)Growing₹5,438 CrP/E 15.4 vs 73.5ROCE 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.”

Annual Report · p. 5
Bosch Home Comfrt IndHousehold AppliancesGrowing₹5,296 CrP/E 270.5 vs 42.7ROCE 0.0%

The company is operationally deploying AI in its aftermarket service processes and in manufacturing (AI-enabled safety monitoring systems, cobots, intelligent digital process controls) to support its core AC business.

“During the year, we also began integrating Artificial Intelligence (AI) into selected service processes to improve responsiveness, accelerate issue resolution, and enhance customer convenience.”

Bosch Home Comfort India Ltd - 523398 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 26
Jana Small Fin BankOther BankGrowing₹5,276 CrP/E 13.9 vs 14.7

The bank has operationally deployed AI (voice assistants for collections/engagement, AI-driven Branch Report Cards, conversational AI and intelligent document verification pilots) to support core banking functions, though banking remains its principal business.

“During FY2025–26, we accelerated the adoption of Artificial Intelligence across both customer and employee journeys. AI-powered voice assistants now support collections, customer engagement and cross-sell opportunities, while internally our AI-driven Branch Report Cards provide managers with timely performance insights, helping drive faster and better-informed decision-making.”

Jana Small Finance Bank Ltd - 544118 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 14
PuravankaraResidential Commercial ProjectsGrowing₹4,974 CrP/E 31.0 vs 21.3ROCE 3.7%

Real estate developer has deployed its first live AI tool (Raisin AI) for sales lead insights and call analytics, with further adoption planned in FY27.

“Deployed Raisin AI, the Company's first live AI use-case, providing lead-level insights and embedded call analytics to strengthen sales decision-making.”

Puravankara Ltd - 532891 - Corrigendum To The Annual Report For The Financial Year 2025-26 · Sept 2026 · p. 33
+1 more quote from the report

“and piloted its first AI use case, Raisin AI, for lead-level analytics and call intelligence”

Puravankara Ltd - 532891 - Corrigendum To The Annual Report For The Financial Year 2025-26 · Sept 2026 · p. 15
MAS Financial ServNon Banking Financial Company (NBFC)Growing₹4,923 CrP/E 12.5 vs 18.9

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.”

MAS Financial Services Ltd - 540749 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 21
C.E. Info SystemsSoftware ProductsGrowing₹4,907 CrP/E 35.7 vs 20.4ROCE 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.”

Annual Report · p. 22
MPSPrinting & PublicationGrowing₹4,596 CrP/E 24.2 vs 7.5ROCE 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.”

MPS Ltd - 532440 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 5
Wakefit InnovationsFurniture Home FurnishingGrowing₹4,440 CrP/E 24.7 vs 35.4ROCE 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.”

Wakefit Innovations Ltd - 544642 - Notice Of The 10Th Annual General Meeting (''AGM'') And Annual Report Of The Company For The Financial Year 2025-26 · Aug 2026 · p. 7
63 Moons TechnologiesComputers - Software & ConsultingGrowing₹3,616 CrROCE -1.0%

The company currently deploys an AI-enabled security platform using SIEM, SOAR, UEBA, threat intelligence and machine learning for internal cybersecurity operations.

“AI-enabled Gurucul SIEM, SOAR, UEBA, and Threat Intelligence enabled 63moons Technologies Ltd. to strengthen cyber resilience, improve threat detection accuracy, automate security operations, and reduce overall cyber risk while supporting business continuity and regulatory compliance.”

63 Moons Technologies Ltd - 526881 - Annual Report (F.Y. 2025-26) Of The Company, Notice Convening 38Th Annual General Meeting, Book Closure Dates & E-Voting Information. · Aug 2026 · p. 36
+1 more quote from the report

“progressively integrating Artificial Intelligence, Machine Learning, and Blockchain technologies.”

63 Moons Technologies Ltd - 526881 - Annual Report (F.Y. 2025-26) Of The Company, Notice Convening 38Th Annual General Meeting, Book Closure Dates & E-Voting Information. · Aug 2026 · p. 11
CMS Info SystemsDiversified Commercial ServicesGrowing₹3,502 CrP/E 12.3 vs 13.9ROCE 15.4%

HAWKAI Vision AI platform is a real product with 36% BFSI market share monitoring 50,000+ sites, contributing to the Technology & Payment Solutions segment (16% of FY26 services revenue).

“HAWKAI™, our Vision AI remote monitoring solution that integrates IoT sensors, machine learning, and robotic process automation to transform traditional CCTV infrastructure into an intelligent surveillance and business insights engine.”

CMS Info Systems Ltd - 543441 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 6
+2 more quotes from the report

“adding artificial intelligence and the Internet of Things to transform conventional cameras into intelligent sensors”

CMS Info Systems Ltd - 543441 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 16

“It also monitors over 50,000 sites in real time through its HAWKAITM Vision AI platform and powers the ATM software on approximately 65,000 machines through its ALGO MVS platform.”

CMS Info Systems Ltd - 543441 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 31
Jaykay EnterprisesAerospace & DefenseGrowing₹3,441 CrP/E 16.8 vs 76.4ROCE 29.1%

AI is operationally deployed via the JIVA orchestration platform (plus GenAI/Agentic AI offerings) as one of three core segments, but chairman narrative emphasises defence/aerospace and additive manufacturing as the primary growth bets.

“During FY 2025-26, the Company successfully deployed JIVA, its AI orchestration platform, for large enterprise customers across the United States and Europe, delivering strong business outcomes and gaining encouraging customer traction across multiple use cases.”

Jaykay Enterprises Ltd - 500306 - Notice Of 80Th Annual General Meeting And Annual Report For FY 2025-26 · Sept 2026 · p. 9
+1 more quote from the report

“Engaged in the business of Information Technology (IT) services, Artificial Intelligence/ Machine Learning, Data Transformation, Cloud Engineering, Enterprise Solutions, Education and Training (IT/Non-IT, Industry Induction and Mobile Solutions)”

Jaykay Enterprises Ltd - 500306 - Notice Of 80Th Annual General Meeting And Annual Report For FY 2025-26 · Sept 2026 · p. 30
Easy Trip PlannersTour Travel Related ServicesGrowing₹2,343 CrP/E 22.6 vs 26.0ROCE -5.4%

The company has developed and deployed an AI-powered virtual travel assistant (EVA) and integrated with ChatGPT apps, representing real AI product deployment within its travel platform, though not a standalone revenue line.

“Its AI-powered virtual travel assistant, EVA, along with its initiatives around conversational AI and emerging digital platforms with ChatGPT marketplace integration.”

Easy Trip Planners Ltd - 543272 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 36
Awfis Space SolutionsDiversified Commercial ServicesGrowing₹1,811 CrP/E 21.3 vs 13.9ROCE 3.8%

Awfis' Transform design & build vertical operationally uses AI for rendering, sketch-to-3D visualisation, and automating Revit-based layout generation in its design workflow.

“Transform by Awfis has begun embedding artificial intelligence directly into its design workflow, using it to accelerate how ideas move from concept to build space without compromising design quality.”

Awfis Space Solutions Ltd - 544181 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 15
Hinduja Global Sols.Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)Growing₹1,691 CrROCE -0.8%

HGS operationally deploys AI/GenAI-driven solutions (e.g., AI patient engagement, integrated AI assistants) as part of its customer experience and BPO offerings, with specific measured outcomes highlighted.

“Enabling scalable, Al driven patient engagement for medical device sales”

Hinduja Global Solutions Ltd - 532859 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 23
5paisa CapitalStockbroking & AlliedGrowing₹1,631 CrP/E 26.7 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.”

5paisa Capital Ltd - 540776 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 13
+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.”

5paisa Capital Ltd - 540776 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 36
Yatra OnlineTour Travel Related ServicesGrowing₹1,585 CrP/E 51.0 vs 26.0ROCE 5.5%

Yatra operationally deploys AI across its travel platform, including the DIYA generative-AI travel assistant, GenAI-powered RECAP expense management, AI-driven servicing/chatbot and personalization, supported by a dedicated data science team.

“A team of approximately 15 data scientists supports the development of AI-led applications across Yatra.”

Yatra Online Ltd - 543992 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 11
+1 more quote from the report

“During the year, we introduced DIYA, our Generative AI-powered travel assistant, designed to make planning more natural and personalized.”

Yatra Online Ltd - 543992 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 19
Allcargo LogisticsLogistics Solution ProviderGrowing₹1,545 CrP/E 147.1 vs 16.0ROCE 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.

“Leveraging advanced artificial intelligence, Prompt AI® automatically converts customer email pickup requests into structured, actionable shipment instructions.”

Allcargo Logistics Ltd - 532749 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 30
K.P. EnergyPower GenerationGrowing₹1,439 CrP/E 7.8 vs 21.2ROCE 27.8%

KP Energy operationally deploys AI in its NOC to deliver predictive-maintenance O&M services across its 646+ MW renewable asset portfolio.

“supported by our AI enabled Network Operation Centre that provides round the clock monitoring, diagnostics and predictive maintenance for renewable assets.”

K.P. Energy Ltd - 539686 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 16
BLS E-servicesIT Enabled ServicesGrowing₹1,429 CrP/E 24.7 vs 18.9ROCE 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.”

BLS E-Services Ltd - 544107 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 4
+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.”

BLS E-Services Ltd - 544107 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 24
IzmoIT Enabled ServicesGrowing₹1,330 CrP/E 24.7 vs 18.9ROCE 11.4%

IZMO operationally deploys AI through its FrogData analytics platform and proprietary izmo.ai DEEP infrastructure, which are sold to automotive dealer networks (including via FordDirect) and used to enhance its other product lines.

“FrogData is an AI-powered analytics platform that helps automotive dealerships improve customer retention, optimize service department operations and make data-driven decisions.”

IZMO Ltd-$ - 532341 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 18
Genesys Intl CorpnIT Enabled ServicesGrowing₹1,227 CrP/E 39.5 vs 18.9ROCE 6.4%

Genesys is actively developing GeoAI-powered products and platforms as a layer on its geospatial mapping business, though its core revenue still comes from 2D/3D mapping and digital twin deployments rather than AI products themselves.

“We are developing GeoAI-powered products and platforms across urban development, infrastructure, utilities, mobility, land, and other sectors, enabling customers to better understand, predict, and act on changes in the physical world.”

Genesys International Corporation Ltd - 506109 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 3
+1 more quote from the report

“GeoAI, machine learning, analytics and location intelligence are being progressively embedded into these offerings to enable automated insights, monitoring, prediction and decision support.”

Genesys International Corporation Ltd - 506109 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 28
Orient TechnologiesIT Enabled ServicesGrowing₹1,087 CrROCE 1.8%

Orient deploys AI infrastructure and AI-led solutions as part of its services portfolio, including GPU-as-a-service with AWS under the IndiaAI mission and Securonix agentic-AI SIEM, but AI is a feature within broader digital transformation/managed services rather than a standalone revenue driver.

“Our GPU as a service collaboration with AWS India under the IndiaAI mission places Orient inside the country's AI infrastructure build out at national scale”

Orient Technologies Ltd - 544235 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 18
Laxmi DentalMedical Equipment & SuppliesGrowing₹1,084 CrP/E 34.9 vs 22.1ROCE 11.0%

Laxmi Dental has a 49% JV in IDBG AI Dent and has launched AI-powered products including iScope 360 (remote dental platform), an AI dental X-ray analysis tool, aligner monitoring tool and virtual consultation tool, though these remain in early/pilot-stage deployment and are not yet a principal revenue driver.

“During 2025-26, the Company made a strategic investment in IDBG AI Dent Global Private Limited to strengthen its capabilities in AI-enabled dentistry. Solutions include AI-powered dental solutions, a dental X-ray analysis tool, an Aligner Monitoring tool and a Virtual Consultation tool.”

Laxmi Dental Ltd - 544339 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 19
Arihant Capital MKTSStockbroking & AlliedGrowing₹1,058 CrP/E 26.0 vs 15.8

Arihant has operationally deployed multiple AI-driven features on its ArihantPlus brokerage platform — an AI chatbot, AI portfolio review, AI-generated stock summaries, AI-driven news, and an MCP integration connecting trading accounts to Claude/ChatGPT/Perplexity — but its core business remains broking and wealth management, not AI.

“• AI Tool Connectivity via MCP: Rolled out MCP (Model Context Protocol) support, making ArihantPlus one of the first Indian platforms to let clients connect their trading accounts directly to AI tools like Claude and ChatGPT. This will enable conversational research and natural, chat-based trading”

Arihant Capital Markets Ltd - 511605 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 13
Gaudium IVF N Women HGAUDIUMIVFGrowing₹784 CrP/E 49.4ROCE 20.8%

Gaudium IVF operationally deploys AI-led embryology tools (SiD for sperm selection and ERICA for embryo ranking, via partnership with IVF 2.0) across its fertility clinics, though IVF services remain the core business rather than AI itself.

“In partnership with UK-headquartered IVF 2.0, we deployed SiD (Sperm Identification Device) and ERICA (Embryo Ranking Intelligent Classification Assistant) inside the IVF lab, becoming the first IVF chain in India to formally integrate AI-led embryology into routine clinical practice.”

Gaudium IVF and Women Health Ltd - 544709 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 9
CWDConsumer ElectronicsGrowing₹644 CrP/E 15.1 vs 31.6ROCE 13.8%

AI modules are operationally deployed within CWD's soundbox SaaS advertising platform (merchant churn, device health, predictive maintenance, anomaly detection), though AI is not a standalone revenue line.

“Beyond hardware, CWD has introduced an industry-first advertising platform on its sound box network, marking a shift toward a SaaS and recurring revenue model, supported by AI modules for merchant churn management, device stability and predictive maintenance, and anomaly detection.”

CWD Ltd - 543378 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 9
Veefin SolutionsIT Enabled ServicesGrowing₹611 CrP/E 19.8 vs 18.9ROCE 6.6%

Veefin operationally embeds AI and analytics into banking workflows for underwriting, fraud detection, collections, and operations.

“We embed Al and analytics into real workflows - strengthening decisioning across underwriting, fraud, collections and operations.”

Veefin Solutions Ltd - 543931 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 8
Allied Digital Serv.IT Enabled ServicesGrowing₹579 CrP/E 16.1 vs 18.9ROCE 5.8%

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.”

Allied Digital Services Ltd - 532875 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 9
+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.”

Allied Digital Services Ltd - 532875 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 19
Niyogin FintechNon Banking Financial Company (NBFC)Growing₹540 Cr

Niyogin runs a 100% subsidiary 'Niyogin AI' housing the SuperScan toolkit, lending solutions, document solutions and NACH automation, with AI deployed in underwriting, collections, KYC and onboarding across its lending and payments businesses, and intent to serve external clients.

“Proprietary AI capabilities support underwriting, onboarding and process automation across the group.”

Niyogin Fintech Ltd - 538772 - Notice Of The 38Th Annual General Meeting And Annual Report For FY 2025-2026 · Aug 2026 · p. 5
+1 more quote from the report

“The lending business is enhanced by proprietary AI capabilities through Niyogin AI, which automates KYC processes, improves underwriting, and provides process automation solutions.”

Niyogin Fintech Ltd - 538772 - Notice Of The 38Th Annual General Meeting And Annual Report For FY 2025-2026 · Aug 2026 · p. 21
CSM TechnologiesCSMGrowing₹474 Cr

AI is one of six service categories, with deployed production systems across governance platforms (sentiment analysis, facial recognition, satellite crop analytics, fraud detection) and a proprietary CSM AI Foundry product for building AI models and copilots.

“AI & Allied Services Design, development and lifecycle management of AI systems deployed inside live public platforms — including sentiment analysis of public feedback, satellite-based crop pattern identification and procurement fraud detection, and facial recognition for visitor verification.”

CSM Technologies Ltd - 544806 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 26
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How this list is built

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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