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
Dhruv Consultancy SerDHRUVMention-only₹39 CrROCE -46.3%

AI is referenced only as an exploratory technology initiative and in outlook language ('AI-enabled project monitoring'); there is no AI product, platform or revenue line.

“Exploration of AI-driven engineering solutions.”

Dhruv Consultancy Services Ltd - 541302 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 20
Vivo Bio TechBiotechnologyMention-only₹32 CrP/E 3.4 vs 61.2ROCE 3.2%

AI is referenced only as an aspirational item under the Mission's 'Continuous Growth' pillar; no AI/ML product, platform or operational deployment is described.

“Constantly adapt to and implement cutting-edge advancements in medical science, life technology and artificial intelligence.”

Vivo Bio Tech Ltd - 511509 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 7
Ansal HousingResidential, Commercial ProjectsMention-only₹32 CrP/E 0.8 vs 18.4ROCE -17.3%

AI is referenced only as an industry-wide technology trend transforming real estate; Ansal Housing itself does not develop, sell or operationally deploy any AI/ML products or services.

“Technological integration is transforming the Indian real estate sector through AI and blockchain. It is also streamlining processes such as property transactions legal verifications, and market analysis.”

Ansal Housing Ltd-$ - 507828 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 32
Shreevatsaa Finance & LeasingDiversified Commercial ServicesMention-only₹28 CrP/E 57.4 vs 13.6

AI is listed only as a sector opportunity in the MD&A's Opportunities bullet list; the NBFC (5 employees) does not develop, sell or operationally deploy any AI/ML product.

“Data analytics and AI-enabled credit assessment.”

Shree Vatsaa Finance & leasing Ltd - 532007 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 36
Tejnaksh HealthcareHealthcare Service ProviderMention-only₹26 CrP/E 21.8 vs 22.5ROCE 5.6%

AI is referenced only as part of broader healthcare-sector industry commentary in the MD&A, with no indication the Company develops or deploys AI products as a business line.

“Digital healthcare, telemedicine, artificial intelligence, electronic health records, diagnostics and remote monitoring are increasingly becoming integral to healthcare delivery.”

Tejnaksh Healthcare Ltd - 539428 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 36
Sahara Housingfina CorporationHousing Finance CompanyMention-only₹24 CrP/E 72.5 vs 11.1

AI is referenced only as an industry-wide opportunity for the housing sector in SHCL's MD&A; the company itself does not develop, sell, or deploy AI products.

“Technological Integration: AI-based property management, digital sales platforms, and smart home automation—are transforming the housing experience”

Sahara Housingfina Corporation Ltd - 511533 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 30
Logiciel SolutionsComputers - Software & ConsultingMention-only₹23 CrP/E 12.6 vs 15.6ROCE 6.1%

The MD describes AI as both a disruptive force on the company's software services business and an opportunity; the firm is investing in engineering team capability to work with AI tools, but the text does not describe selling or deploying AI products or platforms as a business line.

“On artificial intelligence I will be direct. It caused the slowdown described above, and it is also the opportunity. A firm of this kind will either build with these tools or be displaced by them, and the Company has chosen the first.”

Logiciel Solutions Ltd - 544625 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 5
Blue Chip Tex IndustriesOther Textile ProductsMention-only₹23 CrP/E 119.6 vs 16.4ROCE 0.8%

AI is referenced only as an industry-wide innovation trend in the textile sector MD&A, not as a business activity Blue Chip Tex actually deploys or sells.

“Ongoing innovation in digital printing, AI-driven quality control, and IoT-enabled machinery is projected to streamline textile manufacturing at scale”

Bluechip Tex Industries Ltd - 506981 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 27
Ahasolar TechnologiesE-Retail/ E-CommerceMention-only₹21 CrROCE 2.1%

AI is embedded as a feature within the company's solar-focused SaaS platform rather than sold as a standalone AI product.

“we developed an AI based intelligent Solar Digital Platform.”

Ahasolar Technologies Ltd - 543941 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 25
Shahi ShippingShippingMention-only₹16 CrROCE -24.3%

AI is mentioned only as part of industry commentary about technology adoption in the global shipping industry, not as any activity or business of the company.

“Digitalisation, automation, artificial intelligence and connected technologies are increasingly being adopted to improve operational efficiency and reduce costs.”

Shahi Shipping Ltd-$ - 526508 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 33
SDC TechmediaFilm Production, Distribution & ExhibitionMention-only₹12 CrP/E 4.8 vs 61.3ROCE -18.8%

AI appears only as generic industry commentary about content creation trends in entertainment within the MDA, not as an actual business activity, product or service of SDC Techmedia.

“Artificial Intelligence is increasing content creation across entertainment platforms.”

SDC Techmedia Ltd - 535647 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 32
Epuja SpiritechNon Banking Financial Company (NBFC)Mention-only₹11 CrROCE -62.9%

AI/ML appears only in the amended main objects of the Memorandum of Association as an aspirational R&D direction, with no current AI product, platform or revenue.

“To establish Research & Development centers for innovation in artificial intelligence, machine learning, blockchain, and IoT applications in agriculture and allied sectors.”

Epuja Spiritech Ltd - 532092 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 24
Family Care HospitalsHealthcare Service ProviderMention-only₹10 CrROCE -89.4%

The hospital company mentions integrating open AI platforms into its '911' healthcare product in a technology absorption disclosure; AI is not a revenue driver but a feature being added to its service.

“We are happy to have develop and integrate open AI platforms with our 911 product with new features and a completely new application with this association.”

Family Care Hospitals Ltd - 516110 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 32
MID India IndustriesOther Textile ProductsMention-only₹9 CrP/E 31.8 vs 16.4ROCE -8.1%

AI is referenced only as a general driver of global economic growth in the MD&A industry outlook; the company itself has no operational or commercial AI exposure.

“The continued advancement of digital technologies, artificial intelligence, infrastructure investments, and manufacturing diversification across emerging markets is expected to support sustainable economic growth in the coming years.”

Mid India Industries Ltd - 500277 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 28
Modern Shares & StockbrokersOther Financial ServicesMention-only₹9 CrP/E 102.3 vs 21.0

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”

Modern Shares & Stockbrokers Ltd - 509760 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 19
Trinity League IndiaOther Financial ServicesMention-only₹8 CrROCE -5.8%

AI is listed only as one of several technologies the company is evaluating for future agricultural applications; no AI products, services or revenue exist today.

“The Company is evaluating the application of technologies such as drones, Artificial Intelligence (AI), digital platforms, remote sensing and data-driven solutions for potential applications in agriculture and allied sectors.”

Trinity League India Ltd - 531846 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 28
Kabra CommercialTrading CoalMention-only₹8 CrP/E 257.7ROCE 1.7%

AI is mentioned only as a general industry opportunity in the MD&A outlook, not as a product, service or deployment by the company.

“Technological Advancements: Automation, AI-driven analytics, and data-driven management can improve efficiency and competitiveness.”

Kabra Commercial Ltd - 539393 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 32
GCM Capital AdvisorsOther Financial ServicesMention-only₹7 CrROCE -1.9%

AI is cited only as an emerging investment opportunity in India's capital markets; GCM itself does not develop or sell AI products.

“Investment avenues in renewable energy, Artificial Intelligence (AI), the electric vehicle (EV) ecosystem, and biopharma are expanding as India aligns with global supply-chain realignments.”

GCM Capital Advisors Ltd - 538319 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 28
Tranway21 TechnologiesComputers - Software & ConsultingMention-only₹5 CrP/E 3.7 vs 15.6ROCE 0.5%

AI is referenced only aspirationally in the company's vision statement; the business is an IT services/staffing firm with no described AI product, platform or deployment.

“Tranway21 believes in building leaders by imbibing qualities of dedication and aspiration that empower them to invent and achieve business goals in age of AI adaptation.”

Tranway21 Technologies Ltd - 542923 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 4
SGN TelecomsOther Electrical EquipmentMention-only₹5 CrROCE -7.4%

AI is discussed only as an industry trend in the MD&A driving demand for optical fibre; the company itself does not develop or deploy AI.

“This era is characterized by the proliferation of 5G, artificial intelligence (AI) and the internet of Things(IoT) indicating an unstoppable trend.”

SGN Telecoms Ltd - 531812 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 22
Soni MedicareMention-onlyROCE -23.9%

AI is mentioned only as a progressive/aspirational technology adoption goal alongside other IT initiatives, not as a current product, service or revenue line.

“We continue to prioritise technology adoption — modern diagnostic equipment, hospital information systems, telemedicine and, progressively, AI-assisted diagnostics and digital patient engagement.”

Soni Medicare Ltd - 539378 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 8
Liotech IndustriesMention-only

AI is mentioned only in proposed MoA amendment under digital technologies; no current AI development or deployment.

“to provide engineering, technical consultancy, research, product development, digital technologies, automation, artificial intelligence, IoT, software, intellectual property and other allied industrial services.”

Liotech Industries Ltd - 544796 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 17
The New India Assu CoGeneral InsuranceMention-only

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.”

Annual Report · p. 11
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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.