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
JK CementCement & Cement ProductsMention-only₹40,567 CrP/E 40.0 vs 23.2ROCE 10.3%

JK Cement mentions using AI-driven manufacturing intelligence to optimise production efficiency, but this is internal operational deployment within its core cement business, not a separate AI product or service.

Advanced analytics and AI-driven manufacturing intelligence optimise our production efficiency.

Annual Report · p. 3
PI IndustriesPesticides & AgrochemicalsMention-only₹37,951 CrP/E 37.0 vs 25.0ROCE 14.5%

AI appears only as one of 15 material topics in PI's Double Materiality Assessment framework, with no evidence of AI products, services or operational deployment.

Emerging technologies/AI

Annual Report · p. 32
Jubilant FoodworksRestaurantsMention-only₹33,438 CrP/E 111.1 vs 55.4ROCE 8.8%

Jubilant describes AI as increasingly embedded in their QSR customer experience, restaurant operations and decision-making, but AI is not a product or service — it is supporting language for their food-service platform.

Artificial intelligence, advanced analytics and automation are becoming increasingly embedded across customer experience, restaurant operations and decision-making processes.

Annual Report · p. 17
Honeywell Automation IndIndustrial ProductsMention-only₹32,454 CrP/E 57.8 vs 23.8ROCE 15.5%

AI/intelligent automation is referenced as a future trend the company is positioned for, but HAIL is described as a system integrator deploying Honeywell's solutions rather than developing/selling AI products of its own.

the companies focus on key mega trends of Automation, Digitalization and Sustainability

Annual Report · p. 5
Krishna Inst OF Med Sci LHospitalMention-only₹31,120 CrP/E 162.8 vs 44.9ROCE 5.1%

AI is discussed aspirationally in the CMD's statement and referenced as an operational tool (wearable AI Early Warning Systems, AI-enabled holographic breast health education, AI Augmented Reality brain surgery, DRISTI AI glasses for the visually impaired via KFRC), but it is not a commercial business line — only a supporting capability within the hospital chain.

We need to urgently reflect on how AI is to be integrated into Medicine with responsibility and care. The emphasis will remain on ethics, patient privacy and safety.

Annual Report · p. 18
Blue StarHousehold AppliancesMention-only₹31,085 CrP/E 50.5 vs 57.6ROCE 18.9%

AI is mentioned aspirationally as one of several technologies the company is beginning to leverage internally for efficiency; no AI products, services or revenue are described.

We are beginning to leverage data analytics, artificial intelligence, automation, and connected technologies to drive efficiency and agility across the organisation.

Annual Report · p. 28
PNB Housing FinHousing Finance CompanyMention-only₹30,492 CrP/E 13.4 vs 13.9

PNB Housing Finance deploys AI internally across the loan lifecycle (intelligent calling, pre-delinquency management, lead conversion, re-KYC) for its own housing finance operations, not as a commercial AI product or service.

We also advanced our use of artificial intelligence across key areas, enabling smarter decision-making and greater operational agility.

Annual Report · p. 10
Neuland LabPharmaceuticalsMention-only₹30,012 CrP/E 76.4 vs 28.5ROCE 22.0%

Neuland describes applying AI for internal R&D productivity (route-of-synthesis design, RFP engine, document review) but does not sell or offer AI as a product/service.

we are applying AI in selected R&D areas, including route-of-synthesis design and validation

Annual Report · p. 15
+1 more quote from the report

We are evaluating AI-led interventions where they can create meaningful value. Current focus areas include route-of-synthesis design, validation of development approaches, analytics and automation of sampling and analysis.

Annual Report · p. 21
Adit Birl Sun Lif AmcAsset Management CompanyMention-only₹29,140 CrP/E 30.1 vs 50.5

ABSLAMC describes using AI/ML internally to support its asset management operations (investment research, risk, customer servicing), but AI is not a product, platform or revenue line it sells to others.

Beyond apps, we are increasingly leveraging artificial intelligence and machine learning across the organisation for strengthening investment research and portfolio analytics, enhancing risk management, improving operational efficiency and enabling more data-driven, personalised servicing at scale.

Annual Report · p. 24
Syrma SGS TechnologyIndustrial ProductsMention-only₹27,775 CrP/E 67.9 vs 23.8ROCE 13.4%

AI deployed internally for production-line analytics, engineering documentation, supply chain, cybersecurity and within smart-IoT/health-wearable products — operationally useful but not a standalone revenue line.

Our partnership with Arch Systems brought an AI-driven manufacturing intelligence platform onto the production floor in FY26, turning live production data into real-time insight

Annual Report · p. 25
SJVNPower GenerationMention-only₹25,976 CrP/E 122.4 vs 22.3ROCE 2.8%

AI is referenced only as part of the Chairman's forward-looking vision for emerging technologies, with no operational AI business or revenue disclosed.

The vision also emphasizes meeting sustainable energy targets through the integration of Artificial Intelligence (AI), along with the adoption of other new and emerging technologies such as: EV integration into the grid, cybersecurity and digital protection, green hydrogen, bioenergy and energy storage.

SJVN Ltd - 533206 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 5
Tenneco Clean Air India LAuto Components & EquipmentsMention-only₹23,189 CrP/E 41.8 vs 26.9ROCE 61.8%

AI is referenced only as generic macro-economic commentary about global productivity upside, with no indication of any operational, product or service exposure by the company.

While advances in digitalization and artificial intelligence‑driven productivity remain a potential source of upside, elevated uncertainty and reduced international policy coordination continue to pose meaningful downside risks to the medium‑term global economic outlook.

Tenneco Clean Air India Ltd - 544612 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 36
PfizerPharmaceuticalsMention-only₹22,738 CrP/E 33.3 vs 28.5ROCE 22.7%

Pfizer's AI use is purely internal (HR chatbots, talent marketplace, policy access, legal analytics) and not sold as a product or service, so it is aspirational/internal-tooling rather than an AI business.

Pfizer continues to expand adoption of Artificial Intelligence (AI) across functions, including accelerated deployment of approved generative AI solutions in India during the year.

Annual Report · p. 33
Anupam Rasayan IndiaSpecialty ChemicalsMention-only₹18,162 CrP/E 77.3 vs 30.0ROCE 4.7%

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.

Annual Report · p. 7
Gujarat Mineral Dev CorpIndustrial MineralsMention-only₹18,126 CrP/E 27.7 vs 18.6ROCE 15.5%

AI is mentioned only as a future internal digital roadmap item (AI in tenders, BI dashboards), not as a product or service.

execute BI dashboards, automate weighbridges and deploy AI in tenders, presentations and bank guarantees.

Annual Report · p. 14
Alivus Life SciencesPharmaceuticalsMention-only₹16,655 CrP/E 26.6 vs 28.5ROCE 21.6%

AI is discussed only as an industry-wide trend reshaping pharmaceutical R&D and commercialisation, not as a stated business line or operational deployment by Alivus.

AI and Digital Acceleration: Artificial intelligence is streamlining drug discovery, clinical trials, and commercialisation, making pipelines more efficient and shortening time-to-market

Alivus Life Sciences Ltd - 543322 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 35
Concord BiotechPharmaceuticalsMention-only₹16,320 CrP/E 58.5 vs 28.5ROCE 16.5%

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.

Annual Report · p. 9
Paradeep PhosphatesFertilizersMention-only₹15,396 CrP/E 17.9 vs 13.6ROCE 16.5%

CEO outlines AI-driven demand sensing as a strategic pillar for inventory optimisation, but this is aspirational outlook language about internal use, not an AI product or service business.

Digital Depth: Leveraging AI-driven demand sensing to further optimise inventory and support cash release.

Annual Report · p. 11
Godawari Pow & IspIron & Steel ProductsMention-only₹15,084 CrP/E 17.8 vs 16.9ROCE 17.0%

AI is deployed internally for slag removal, automated weighbridges and energy monitoring — not a product or service business line.

We continued our digital transformation drive, deploying AI-powered robotic arms for slag removal in high-temperature zones, unmanned RFID-enabled weighbridges for logistic automation, and smart energy dashboards to monitor our greenhouse gas footprint

Annual Report · p. 12
Engineers IndiaCivil ConstructionMention-only₹13,737 CrP/E 14.1 vs 15.4ROCE 26.5%

AI-driven solutions are referenced as part of EIL's aspirational sustainability/technology outlook, with no specific AI product or revenue.

Our current focus includes pioneering technologies like green hydrogen, advanced biofuels, AI-driven solutions and carbon-conscious designs.

Annual Report · p. 22
Apollo Micro SystemsAerospace & DefenseMention-only₹13,645 CrP/E 107.3 vs 60.3ROCE 10.4%

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.

Annual Report · p. 4
Corona RemediesPharmaceuticalsMention-only₹13,132 CrP/E 72.9 vs 28.5ROCE 28.5%

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

Annual Report · p. 14
Uti Asset MNGMT COAsset Management CompanyMention-only₹11,474 CrP/E 105.3 vs 50.5

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.

Annual Report · p. 28
Indian Energy ExcExchange and Data PlatformMention-only₹11,020 CrP/E 22.2ROCE 44.2%

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.

Annual Report · p. 25
Brainbees SolutionsE-Retail/ E-CommerceMention-only₹9,540 CrROCE -2.4%

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.

Annual Report · p. 20
Genus Power InfrastruOther Electrical EquipmentMention-only₹9,380 CrP/E 15.0 vs 25.2ROCE 22.7%

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.

Annual Report · p. 33
Guj Nar Val Fer & Chem LCommodity ChemicalsMention-only₹8,589 CrP/E 7.9 vs 17.5ROCE 10.3%

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.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd - 500670 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 17
Ion ExchangeWater Supply & ManagementMention-only₹5,235 CrP/E 49.0ROCE 10.9%

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.

Ion Exchange India Ltd-$ - 500214 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 35
PuravankaraResidential Commercial ProjectsMention-only₹5,176 CrP/E 14.9 vs 22.3ROCE 3.7%

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

Annual Report · p. 29
Gopal SnacksPackaged FoodsMention-only₹3,520 CrP/E 40.7 vs 31.1ROCE 19.4%

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.

Gopal Snacks Ltd - 544140 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 30
United FoodbrandsRestaurantsMention-only₹3,198 CrROCE -6.3%

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.

United Foodbrands Ltd - 543283 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 18
Interarch BLDNG SoltnCivil ConstructionMention-only₹2,818 CrP/E 19.6 vs 15.4ROCE 20.6%

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.

Interarch Building Solutions Ltd - 544232 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 18
+1 more quote from the report

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.

Interarch Building Solutions Ltd - 544232 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 35
Indo Rama SyntheticsOther Textile ProductsMention-only₹1,632 CrP/E 11.2 vs 15.3ROCE 14.7%

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.

Indo Rama Synthetics (India) Ltd - 500207 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 13
Dam Capital AdvisorsStockbroking & AlliedMention-only₹1,019 CrP/E 11.0 vs 15.8

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.

DAM Capital Advisors Ltd - 544316 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 36
Emami Paper MillsPaper & Paper ProductsMention-only₹705 CrP/E 7.8 vs 13.4ROCE 8.1%

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

Emami Paper Mills Ltd - 533208 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 10
Telge ProjectsCivil ConstructionMention-only₹171 CrP/E 20.1 vs 15.4ROCE 16.3%

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.

Telge Projects Ltd - 544544 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 9
K. V. Toys IndiaLeisure ProductsMention-only₹166 CrP/E 32.0ROCE 17.4%

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.

K. V. Toys India Ltd - 544641 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 26
Compucom SoftwareEducationMention-only₹110 CrP/E 63.0 vs 20.2ROCE 2.5%

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.

Compucom Software Ltd-$ - 532339 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 6
Duroply IndustriesPlywood Boards/ LaminatesMention-only₹107 CrP/E 12.2 vs 20.8ROCE 3.8%

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

Duroply Industries Ltd - 516003 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 35
T & I GlobalIndustrial ProductsMention-only₹86 CrP/E 9.0 vs 23.8ROCE 9.6%

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

T & I Global Ltd - 522294 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 12
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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”.

MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.