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
Arman HoldingsInvestment CompanyMention-only₹61 CrP/E 47.9 vs 24.9ROCE 17.2%

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.

Arman Holdings Ltd - 538556 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 26
Intec CapitalNon Banking Financial Company (NBFC)Mention-only₹27 CrP/E 4.0 vs 17.5

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.

Intec Capital Ltd - 526871 - Notice Of 32Nd Annual General Meeting And Integrated Annual Report For The Financial Year 2025-26 · Aug 2026 · p. 9
Modern Shares & Stockbrokers LOther Financial ServicesMention-only₹11 CrP/E 121.9 vs 16.7

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
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.