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
A C S TechnologiesIT Enabled ServicesGrowing₹445 CrP/E 52.0 vs 18.9ROCE 7.9%

ACS designs and delivers AI-driven surveillance/intelligence platforms, holds ISO 42001 (AI) certification, and lists AI & Analytics as one of nine business domains.

“We are systems integrators who design, build, test, and deliver — from printed circuit boards for railway safety systems to AI-driven surveillance platforms.”

ACS Technologies Ltd - 530745 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 6
Cybertech Systems & SoftwComputers - Software & ConsultingGrowing₹415 CrP/E 13.4 vs 15.9ROCE 18.2%

CyberTech is deploying AI operationally through its GeoAI-enabled spatial intelligence services and AI-accelerated SAP migration tooling, but its core business remains geospatial/SAP/cloud engineering services.

“Our investments in GeoAI extend this engineering depth into AI-enabled spatial intelligence, helping organizations across utilities, government, public safety, healthcare, logistics and manufacturing modernize their mission-critical systems.”

CyberTech Systems and Software Ltd - 532173 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 7
+1 more quote from the report

“CyberTech’s digital transformation offerings are client-focused and comprehensive, spanning large-scale enterprise cloud DevSecOps, Managed ArcGIS Cloud Services® (MACS), geospatial application development and GeoAI, SAP® transformation, and our accelerators and Spatialitics® products.”

CyberTech Systems and Software Ltd - 532173 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 28
Xtglobal InfotechComputers - Software & ConsultingGrowing₹365 CrP/E 32.0 vs 15.9ROCE 7.0%

XTGlobal has a dedicated AI practice and is delivering current AI-led engagements across transportation, public sector, and healthcare.

“The third focus was on AI. We formally launched our AI Practice in August 2025 and added AI-led engagements in transportation, public sector, and healthcare within the same financial year.”

Xtglobal Infotech Ltd - 531225 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 9
Harrison MalayalamRubberGrowing₹319 CrP/E 11.8 vs 17.6ROCE 10.1%

HML operationally deploys AI-based pest detection, pest forecasting, harvest-time prediction, green-leaf quality image analytics, and energy-optimisation tools across its tea and rubber estates.

“A remote sensing and AI-based solution has been deployed for the early detection and control of Red Spider Mites in tea fields.”

Harrisons Malayalam Ltd - 500467 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 8
CL EducateCLEDUCATEGrowing₹290 CrROCE -4.2%

CL Educate operationally deploys AI across its three business lines (EdTech via mySATHI adaptive learning, MarTech via agentic AI ABM, DEXIT Global digital assessments via AI-driven proctoring/item generation), making AI a cross-segment capability rather than a standalone product.

“Artificial Intelligence is no longer a corporate initiative sitting alongside our businesses. It is becoming the operating layer running through each one of them. In Digital Assessments, AI is reshaping proctoring, item generation, and adaptive testing. In MarTech, it is powering personalization, content generation, and campaign intelligence at a scale our teams could not have achieved manually.”

CL Educate Ltd - 540403 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 6
+1 more quote from the report

“Cutting-edge proprietary technology — a uniform, secure and scalable assessment experience powered by AI-enabled proctoring and advanced analytics.”

CL Educate Ltd - 540403 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 36
Bharatrohan Airborne InnovatioOther Agricultural ProductsGrowing₹221 CrP/E 18.4 vs 12.6ROCE 14.7%

The company operationally deploys a proprietary AI-driven analytics platform for hyperspectral crop data, automating prescription map generation as a deployed product within its precision agriculture services.

“Simultaneously, we enhanced the scalability of our artificial intelligence driven analytics platform by automating prescription map generation. This has substantially increased our processing capacity while improving consistency, operational efficiency, and the ability to support larger deployments without proportional increases in operational complexity.”

Bharatrohan Airborne Innovations Ltd - 544535 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 12
TCC ConceptInternet & Catalogue RetailGrowing₹219 CrP/E 3.2 vs 15.4ROCE 2.8%

TryThat.ai is an AI-powered real estate intelligence platform offering lead generation, smart CRM, AI calling and workflow automation, with B2B subscription monetization (₹50,000-₹2,00,000 per project) recently initiated.

“Launched TryThat.ai as India's first AI-driven real estate intelligence platform”

TCC Concept Ltd - 512038 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 13
Jujhar LogisticsPlastic Products - IndustrialGrowing₹192 CrP/E 13.5 vs 14.5ROCE 11.1%

The company has operationally deployed an AI-powered Control Tower (geo-fencing, radius-based trip auto-generation) across its vehicle-logistics fleet, though this supports the core logistics business rather than being a standalone AI revenue line.

“A newly adopted AI-powered Control Tower, using geo-fencing and radius-based technology, delivers real-time information on vehicle movements at loading and unloading points — automatically generating trips on arrival and confirming delivery on completion.”

Jujhar Logistics Ltd - 534796 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 20
DigicontentAdvertising & Media AgenciesGrowing₹141 CrP/E 115.5 vs 9.5ROCE 3.4%

DCL currently uses in-house AI teams and external Generative AI infrastructure to augment content creation.

“Company is collaborating with established institutional players to leverage enterprise-grade Generative AI infrastructure and augmenting content creation through in-house AI teams.”

Digicontent Ltd - 542685 - Notice Of 9Th Annual General Meeting And Annual Report For The Financial Year 2025-26. · Aug 2026 · p. 31
+1 more quote from the report

“AWS AI Conclave 1st WAN IFRA Digital Media Awards 2026 South Asia”

Digicontent Ltd - 542685 - Notice Of 9Th Annual General Meeting And Annual Report For The Financial Year 2025-26. · Aug 2026 · p. 25
DCMIT Enabled ServicesGrowing₹132 CrP/E 31.1 vs 18.9ROCE 7.7%

DCM Infotech, wholly-owned material subsidiary, has secured customer engagements in Agentic AI-based automation solutions across healthcare and financial services, representing a growing focus area within its IT services business (Rs. 74.09 Cr revenue).

“DCM Infotech has continued to strengthen its presence in the emerging field of Agentic AI based automation solutions and has secured multiple customer engagements across the healthcare and financial services sector across India.”

DCM Ltd - 502820 - Notice Of 136Th Annual General Meeting And Annual Report Of The Company For The Financial Year 2025-26 · Sept 2026 · p. 17
GlobalSpace Technologies LimitHealthcare Research, Analytics & TechnologyGrowing₹119 CrP/E 38.9ROCE 3.4%

The company is building AI capabilities on top of its existing healthcare/pharma tech platforms (DocExa, MediOla, VODO), shifting from experimentation to commercial AI deployment, with a fully integrated AI platform planned for launch by end of FY 2026-27.

“Artificial Intelligence continued to remain at the centre of our technology strategy during the year. However, our focus has increasingly shifted from experimentation to practical deployment and commercial application of AI.”

Globalspace Technologies Ltd - 540654 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 4
Dev Info TechnologyIT Enabled ServicesGrowing₹111 CrP/E 1.5 vs 18.9ROCE 73.6%

DEV IT has a commercial AI-powered business-intelligence product and lists AI consulting, AI-agent development, generative AI, enterprise AI, automation, and governance among its services.

“Talligence is a distinct AI-powered Tally® BI tool for actionable insights.”

Dev Information Technology Ltd - 543462 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 19
Eyantra VenturesDiversified Commercial ServicesGrowing₹108 CrP/E 176.4 vs 13.9ROCE -10.8%

The company runs an AI & IT Services vertical designing, deploying and productising AI solutions (AgentIQ, VisionIQ, Pluggy, RevenueIQ) for enterprises, but Merchandising remains the largest standalone revenue contributor.

“eYantra operates an AI & IT Services business focused on artificial intelligence and digital engineering.”

Eyantra Ventures Ltd - 512099 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 7
Prodocs SolutionsIT Enabled ServicesGrowing₹108 CrP/E 15.6 vs 18.9ROCE 22.3%

Prodocs operates a dedicated 'AI & Business Process Services' line offering AI-powered data extraction, data annotation, workflow automation and business process automation to clients, alongside its BPM/KPO business.

“AI & Business Process Services The Company leverages artificial intelligence, automation and digital technologies to enhance business processes and enable more intelligent handling of data and content.”

Prodocs Solutions Ltd - 544643 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 6
Modern Diagnostic & Research CHealthcare Service ProviderGrowing₹103 CrP/E 49.5 vs 24.6ROCE 8.0%

The company is operationally deploying AI-integrated TAT dashboards across its laboratory network for real-time workflow monitoring and sample prioritisation.

“We are also advancing the use of Artificial Intelligence in laboratory operations through the rollout of live, AI-integrated Turnaround Time (TAT) dashboards across our laboratories.”

Modern Diagnostic & Research Centre Ltd - 544673 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 6
Techknowgreen SolutionsConsulting ServicesGrowing₹99 CrP/E 7.4 vs 8.7ROCE 23.9%

TSL has developed AI-enabled sustainability platforms (including the SusT tokenisation platform) as part of its Infotech vertical, embedding AI/ML capabilities within its environmental consulting services.

“Our AI-enabled sustainability platforms and digital solutions have been developed to help organizations strengthen compliance, improve and reward environmental performance through tokenisation through SusT (Sustainable Tokens), and make data-driven and evidence-based sustainability decisions.”

Techknowgreen Solutions Ltd - 543991 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 3
Capital TrustCAPTRUSTGrowing₹75 CrP/E 5.5

The Company currently deploys AI/ML-based credit scoring in its data-driven underwriting models.

“Advanced data-driven underwriting models, leveraging AI/ML-based credit scoring”

Capital Trust Ltd - 511505 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 23
IdentixwebComputers - Software & ConsultingGrowing₹68 CrP/E 9.3 vs 15.9ROCE 20.9%

Identixweb lists 'Automation with AI' as one of its four core service offerings, providing AI agent and automation development alongside its primary Shopify app business.

“Our team specializes in developing AI agents and automation systems that connect tools, optimize processes, and enhance decision-making.”

Identixweb Ltd - 544388 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 17
Mangal CompusolutionDiversified Commercial ServicesGrowing₹58 CrP/E 6.8 vs 13.9ROCE 16.2%

Launched and began deploying AI-powered service robot solutions at leading five-star hotels in Mumbai during FY 2025-26, representing a new but active business line alongside the core IT hardware rental business.

“One of the most encouraging developments during the year was our entry into the artificial intelligence and service robotics space. We launched AI-powered service robot solutions and began deploying them at leading five-star hotels in Mumbai.”

Mangal Compusolution Ltd - 544287 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 7
WE WinBusiness Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)Growing₹54 CrP/E 19.4 vs 15.0ROCE 10.0%

AI Solutions vertical contributed ~9.47 crore (10.12% of FY26 revenue) via WinCX Cloud and WinOps Cloud platforms, with further GCC enablement plans under evaluation.

“AlSolutionscontributed9.47crore,or10.12%ofFY26revenue,andrepresentsanimportantnewgrowthopportunity.”

We Win Ltd - 543535 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 3
RaminfoIT Enabled ServicesGrowing₹36 CrP/E 18.3 vs 18.9ROCE 3.8%

Raminfo is actively developing named AI products (Unnoti LLM citizen services platform, AI-based public procurement/bidding) as a dedicated strategic pillar under Raminfo 2.0.

“Transitioning from AI experimentation to vertical deployments, the company is actively developing Unnoti, an LLM-powered single-window citizen services platform, alongside proprietary AI-based public procurement and bidding solutions.”

Raminfo Ltd - 530951 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 4
TCMCommodity ChemicalsGrowing₹35 CrROCE -18.5%

TCM Limited holds 76% of iSpark Learning Solutions Private Limited, a subsidiary engaged in developing and applying AI-based e-learning solutions.

“iSpark Learning Solutions Private Limited: Engaged in the e-learning business, including the development and application of Artificial Intelligence-based learning solutions.”

TCM Ltd - 524156 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 34
Pace E-commerce Ventures LimitE-Retail/ E-CommerceGrowing₹34 CrP/E 4.8 vs 13.2ROCE 6.0%

Hirone, the digital and AI arm within the PaceRoots B2B vertical, sells AI-led tools for marketing automation, content and analytics as a stated current service line, but it is one arm of the B2B business rather than the main revenue driver.

“Hirone provides the technology layer: creative and branding support, e-commerce optimisation, and AI-led tools for marketing automation, content, and analytics. It extends the B2B offering into technology-enabled services and can also stand on its own as a service platform.”

Pace E-Commerce Ventures Ltd - 543637 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 9
Globtier InfotechIT Enabled ServicesGrowing₹24 CrP/E 3.8 vs 18.9ROCE 3.3%

Globtier lists 'Artificial Intelligence and Automation' as one of its nine service lines and is actively developing an AI-powered IT Service Management Platform.

“The Company also accelerated the development of its AI-powered Service Management Platform, integrating Artificial Intelligence and automation into IT Service Management processes to improve service efficiency, automate routine operations, and enhance customer experience.”

Globtier Infotech Ltd - 544494 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 6
AccedereComputers - Software & ConsultingGrowing₹19 CrP/E 28.5 vs 15.9ROCE 15.9%

Accedere operationally deploys AI in its Controllo GRC platform, an AI-powered product used by clients for cybersecurity governance and compliance, though AI is an enabler within its core cybersecurity services rather than the standalone business.

“The Company continued to develop and expand its technology-led offerings, including its AI-powered Governance, Risk and Compliance (GRC) platform, Controllo”

Accedere Ltd - 531533 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 32
Niva Bupa Health Ins CoGeneral InsuranceGrowing

Operational deployment of AI across the health insurance value chain (sales copilots, underwriting assistance, cashless auto-adjudication, document forgery detection, investment research), with 32.1% of cashless claims auto-adjudicated by AI and a dedicated 'AI Transformation' section in the report.

“On the technology front, we are systematically embedding Artificial Intelligence across our entire value chain — from sales copilots and product recommendation engines to underwriter assistance, cashless auto-adjudication, document forgery detection, and investment research. Cashless claims auto-adjudication reached 32.1% of volume, and we have a robust pipeline of AI initiatives planned for FY2027.”

Annual Report · p. 36
SBI Life Insurance CoLife InsuranceGrowing

SBI Life operationally deploys AI/ML across its insurance business, including an AI-powered WhatsApp sales platform (SPARK), AI-based analytics and Voice BOTs, predictive risk modelling, and automated underwriting covering 56.6% of individual proposals.

“Launched SPARK, an AI-powered WhatsApp-based sales enablement platform for faster selling”

Annual Report · p. 26
GO Digit General InsGeneral InsuranceGrowing

Go Digit operationally deploys AI/ML across its insurance business — agentic AI for renewals and servicing, NLP-driven fraud detection, computer vision for damage/odometer/logo detection, and centralized LLM platforms — though AI is an internal operational tool, not a sold product.

“Scaled Agentic AI platforms across renewals, customer servicing and sales verification, leveraging NLP-driven voice bots and conversational AI for automated, human-like interactions.”

Annual Report · p. 31

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”

Kratikal Tech Ltd - 544811 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 35
Canara HSBC Life Ins CoLife InsuranceGrowing

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.”

Annual Report · p. 16
Poonawalla FincorpNon Banking Financial Company (NBFC)Announced₹39,266 CrP/E 47.1 vs 18.9

Poonawalla Fincorp operationally deploys AI/ML across its NBFC lending business with 42 AI projects fully deployed, 50+ ML models across acquisition to debt management, AI-led underwriting/collections/customer service, and a dedicated Head of AI — but AI supports lending rather than being a separate revenue line.

“AI token consumption growing more than 100x Y-o-Y, reflecting deeper integration of AI into our daily workflows and decision-making.”

Annual Report · p. 6
+1 more quote from the report

“Poonawalla Fincorp scaled multiple AI-led initiatives across underwriting, collections, compliance, HR, and finance to create an insight-driven operating model.”

Annual Report · p. 29
UCO BankPublic Sector BankAnnounced₹29,405 CrP/E 11.4 vs 7.6

AI is listed as one of five strategic imperatives for FY 2026-27, representing a committed investment plan with no current AI revenue or product line.

“Accelerating investment in cybersecurity, Artificial Intelligence, and data analytics to future-proof our operations”

Annual Report · p. 14
Manappuram FinanceNon Banking Financial Company (NBFC)Announced₹29,157 CrP/E 14.7 vs 18.9

Manappuram has stated plans to deploy AI-powered branch security systems for surveillance and risk management, but this is not yet operational and is ancillary to its gold-loan NBFC business.

“Plans to roll out AI-powered branch security systems to strengthen surveillance and risk management capabilities.”

Annual Report · p. 34
Central Depo Ser (I)Depositories Clearing Houses and Other IntermediariesAnnounced₹26,689 CrP/E 56.6ROCE 29.9%

CDSL has signed an MoU with IIM Mumbai to build ML/data-analytics based market intelligence, representing a committed partnership with no revenue yet.

“Strategic MoU signed with IIM Mumbai to advance data analytics and machine learning–based market intelligence”

Annual Report · p. 6
+1 more quote from the report

“Initiated exploration of Artificial Intelligence (AI) to improve operational efficiency and system security”

Annual Report · p. 24
The GE SHPG.LTDShippingAnnounced₹22,388 CrP/E 6.0 vs 12.0ROCE 16.7%

GE Shipping is piloting an AI-powered engine management system on one vessel for fuel efficiency, with plans to scale across the fleet pending trial results.

“The second pilot project features an AI-powered engine management system designed to maintain constant main engine shaft power and/or vessel speed to optimize fuel efficiency. Pending the successful outcome of these trials, the Company plans to scale these technologies across the fleet.”

Annual Report · p. 29
City Union BankPrivate Sector BankAnnounced₹22,070 CrP/E 12.7 vs 12.1

Bank has set up an AI Centre of Excellence with SASTRA University, Centific Global Solutions and Univerg to evaluate and deploy AI use cases, but no AI-driven products or revenue yet.

“we have created a centre of Excellence in collaboration with SASTRA University and Industry partners - Centific Global Solutions, Inc. and Univerg to provide AI support.”

Annual Report · p. 30
KIOCLSponge IronAnnounced₹21,211 CrP/E 536.9ROCE 0.6%

KIOCL is commissioning two in-house vision-based AI systems for plant-floor process monitoring as part of its digital transformation programme, but AI is not a business line.

“two in-house artificial intelligence systems under implementation”

KIOCL Ltd - 540680 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 22
IRB Infra DevCivil ConstructionAnnounced₹21,076 CrP/E 16.2 vs 14.6ROCE 2.5%

IRB has initiated AI-driven solutions across its highway O&M activities for preventive maintenance, asset monitoring, safety management and decision-making, but the text states these initiatives are still being rolled out with no revenue attribution yet.

“Artificial Intelligence now represents the next frontier of this journey. IRB is pleased to share that it has initiated the implementation of AI-driven solutions across its Operations and Maintenance activities, aimed at enhancing preventive maintenance, improving asset monitoring, strengthening safety management and enabling more data-driven decision-making. While these initiatives are still being rolled out”

IRB Infrastructure Developers Ltd - 532947 - Notice Of 28Th Annual General Meeting And Annual Report For FY 2025-26 Of IRB Infrastructure Developers Limited · Aug 2026 · p. 21
TridentOther Textile ProductsAnnounced₹11,364 CrP/E 28.6 vs 16.4ROCE 8.6%

Textile/paper manufacturer is integrating AI-driven projects into manufacturing operations under a 'Digital Trident' agenda, with patent activity tied to AI initiatives, but AI is not a revenue-generating business line.

“Looking ahead, AI-driven projects are being integrated into our operations as part of our broader Digital Trident agenda, building the capabilities we need to compete and grow in a technology-led world.”

Annual Report · p. 8
+1 more quote from the report

“Digital platforms support production planning, process monitoring, quality control and performance tracking across our manufacturing operations. AI/ML-enabled quality systems, advanced planning tools and real-time dashboards improve decision-making, optimise resource utilisation and support responsive manufacturing.”

Annual Report · p. 23
Shukra PharmaceuticalsPharmaceuticalsAnnounced₹3,009 CrP/E 134.7 vs 32.0ROCE 30.5%

Shukra AI Private Limited, a subsidiary incorporated on 21/06/2026, is set up to design, develop and supply AI/ML, deep learning, data analytics and related advanced technology solutions, but has no revenue yet.

“For the business of designing, developing, researching, innovating, engineering, manufacturing, licensing, acquiring, implementing, integrating, operating, maintaining, marketing, supplying, exporting, importing, distributing, and dealing in Artificial Intelligence (AI), Machine Learning (ML), Deep Learning, Data Analytics”

Shukra Pharmaceuticals Ltd - 524632 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 34
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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.