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.
AI is discussed only as an industry-wide trend affecting content creation, not as a business line or product of PSIL.
“Technology is increasingly becoming an integral part of the entertainment value chain. Artificial Intelligence, data analytics, virtual production, advanced visual effects and other Media Tech solutions are changing the manner in which content is conceptualised, produced, marketed and distributed.”
AI is referenced only in forward-looking, evaluative language across the MD&A; the company describes no current AI products, services or revenue.
“Digital tools, data analytics and artificial intelligence are gradually influencing project planning, risk identification, monitoring and maintenance practices. The Company will continue to evaluate such applications where they can provide practical benefits in engineering, project management and operations.”
BL Kashyap only flags AI-based project analytics as a forward-looking technology it is exploring for its construction operations; no AI product, platform or revenue.
“Going forward, B.L. Kashyap continues exploring advanced construction technologies such as Building Information Modeling (BIM), automation, artificial intelligence-based project analytics, digital twins, and sustainable construction solutions.”
Company is internally deploying AI/digital tools to improve productivity and operations, but AI is not a product or service line and is not a revenue driver.
“He is spearheading the implementation of Artificial Intelligence (AI) initiatives within the Company and is responsible for driving technology-led transformation across various business processes.”
Company describes aspirational plans to deploy AI internally for production planning and customer engagement, but does not sell or operate AI products as a business.
“investments are being made in data analytics and artificial intelligence to deliver actionable insights, optimize production planning, and strengthen customer engagement.”
The report discusses AI only as an aspirational/industry-wide opportunity for design development, inventory management and responsiveness — there is no indication that the company develops, sells or operationally deploys AI/ML products.
“Technology is rapidly becoming a defining competitive lever across the gems and jewellery value chain. Artificial intelligence, digital workflows and data-led planning tools are enabling faster design development, enhanced production visibility, more disciplined inventory management and sharper customer responsiveness across the industry.”
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.”
AI/ML is referenced only as an industry-wide construction-sector trend in the outlook section, not as a product or service the company offers.
“The construction sector is rapidly adopting AI, Machine Learning, and BIM (Building Information Modelling) to optimize project outcomes, improve safety, and manage resources efficiently.”
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”
AI is mentioned only as one of several generic emerging technologies adopted into internal processes and service delivery, with no indication the company develops or sells AI products.
“During FY 2025–26, the Company continued to adopt and integrate relevant emerging technologies, including artificial intelligence, automation, cloud-based technologies and advanced analytics, into its service delivery and internal processes.”
AI-enabled systems are listed as one of four 'Strategic Initiatives & Expansion Plans' for FY26-27 under 'Technology Integration', with no products, revenue or concrete commitments disclosed.
“Incorporating AI-enabled systems, improved procedures and new intellectual-property development.”
HMVL discusses AI/GenAI only as forward-looking and aspirational language for its own productivity, decision-making and innovation; the company is a Hindi newspaper publisher with no AI product or service line.
“Emerging technologies, including GenAI, are expected to play an increasingly important role in improving productivity, supporting decision-making and enabling innovation across functions.”
AI is referenced only as a future engineering direction (diagnostics, digital twin, fault detection) with no current AI products or revenue.
“These include AI-enabled diagnostics, digital twin modelling, real-time fault detection, high-precision gimbal systems, indigenous harness testing and customised single board computers for on-board and ground-based electronics.”
AI is referenced only as part of broad industry context driving digital infrastructure demand; the company does not develop, sell or deploy AI products or services.
“Data consumption, cloud adoption, artificial intelligence, fintech, and digital services are reshaping the economic landscape.”
Plans to offer AI-powered lending platforms are stated only as future/aspirational business outlook language, not a current product or revenue line.
“The company plans to harness advanced financial technologies to enhance its lending operations, offering AI-powered platforms for personal, business, and bridge loans”
AI/ML is integrated into DreamFolks' proprietary platform for intelligent, cohort-based service orchestration, but it is a feature of its lifestyle aggregation business rather than a separate product or service line.
“The integration of AI and ML for intelligent service orchestration means our platform can deliver dynamic, personalized benefit experiences that are difficult to replicate.”
AI is referenced as an internal operating capability for engineering, manufacturing and business processes, including AI-enabled process controls; UCAL does not sell AI products or services.
“We have also established a dedicated mandate for artificial intelligence adoption, with a defined remit across engineering, manufacturing and business processes.”
AI is referenced only as an industry-wide technology trend that AVG says it evaluates for adoption, not as a developed or deployed product/service.
“technologies including cloud-based platforms, Internet of Things (IoT), AI, advanced analytics and automation are recalibrating supply chains, thereby promoting transparency, predictive planning and operational agility.”
AI is referenced as part of the technology stack deployed within the company's SCMProFit supply chain management platform, but it is not positioned as a standalone product, service line, or revenue driver — the company's core business remains logistics services and supply chain software.
“The deployment of AI, IoT and automation across its supply chain management platform is enabling real-time tracking, network optimisation and predictive, data-led decision-making.”
AI is referenced only as broad industry/economic commentary in the Chairman's letter, not as a business activity of Atlantaa Limited.
“The advancements in Artificial Intelligence (AI) continued to drive automation and transformation across industries, while the shifting global tariff regimes and the conflict in West Asia have disrupted supply chains, energy markets and capital flows.”
AI is referenced only as industry/environment context in the Board's overview, not as a product or service Tera Software develops or sells.
“The financial year 2025-26 represented a transitional year amid spread of generative artificial intelligence wherein data centres have become a critical part of infrastructure that supports a digital society”
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.”
AI is mentioned only as part of broader global economic commentary about technology-led investments supporting economic activity; not a business of Khadim.
“stable labour markets, continued fiscal support and technology-led investments, particularly in Artificial Intelligence (AI), supported economic activity, while supply chain diversification and energy security measures helped strengthen resilience.”
Artificial intelligence appears only as one item in a long list of emerging-technology application areas within the proposed new objects clause, with no concrete AI products or operations described.
“robotics, artificial intelligence, energy transition technologies and other emerging technologies and its derived products”
The company has only begun evaluating AI-led applications across research, analytics and process automation in a controlled manner, with no deployment or revenue disclosed.
“The Company has begun evaluating AI-led applications across research, data gathering, analytics and process automation. Adoption is being undertaken in a controlled manner, with human validation and source verification remaining integral to ensure the accuracy and credibility of information generated through such systems.”
The company uses AI only as an incidental operational tool (AI calling for reminders) within its rural housing finance business; it is not an AI product, platform, or revenue line.
“Geo-tagged field visits, automated credit reports, AI calling for reminders: none of it is glamorous, but together it is what lets a lean team keep a large and growing book clean.”
Capital Numbers lists AI among its software service capabilities, alongside cloud, data and quality engineering, but the excerpt provides no evidence of AI being a principal or material revenue driver.
“We grew across software engineering, cloud, data, AI, quality engineering, and global delivery, and achieved ISO 27001 certification.”
AI is mentioned as a tool leveraged across the apparel value chain (forecasting, inventory, consumer engagement), but is not a business line or revenue driver for the company.
“Digital agility remains integral to our strategy, with data analytics and Artificial Intelligence being leveraged across our value chain—from demand forecasting and inventory management to consumer engagement.”
AI is mentioned only as general industry commentary about pharmaceutical R&D trends, not as any operational activity by this distributor/trader company.
“Pharmaceutical companies have increased investments in AI for faster innovation and the reduction of drug development timelines and expenses. 85% of biopharma companies are planning to invest heavily in data, digital, and AI in R&D by 2025.”
AI is referenced only as an industry-level tool being adopted by exploration operators, not as a product or service Alphageo develops or sells.
“Operators scaled up spending on high-resolution seismic acquisition, advanced imaging and interpretation, basin modelling, subsurface analytics, digital workflows, and deepwater drilling and reservoir evaluation. Rising adoption of artificial intelligence, data analytics, and integrated geoscience interpretation is expected to lift drilling success rates and sharpen planning across frontier basins.”
AI is referenced only as part of general Indian textile industry outlook commentary, not as Winsome's own deployed technology or business line.
“The Indian textile industry is increasingly embracing smart manufacturing technologies to enhance operational efficiency, product quality, and competitiveness. The adoption of automation, artificial intelligence (AI), Internet of Things (IoT), and data-driven production systems enables manufacturers to optimize resource utilization, reduce waste, and improve production accuracy.”
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.”
AI/analytics are discussed as tools the company evaluates and uses internally for pricing, forecasting, catalogue, advertising and service workflows, but the company does not sell or license AI products and the language is largely aspirational about future use cases.
“Artificial intelligence is rapidly moving from experimentation to practical use in digital commerce.”
AI is referenced only as an external technological development/threat to the healthcare industry, not as any activity or deployment by the company.
“The technological developments in healthcare as a whole, such as artificial intelligence and 3D printing and their impacts on business models, operations, workforce needs and cybersecurity risks need careful understanding as obsolescence can quickly steal in.”
The report mentions AI and machine-learning yield and water-use programs in cane-growing hubs, but does not identify them as a Vishwaraj business line.
“The scaling of artificial intelligence and machine learning networks (such as AI-driven yield and water-use programs) across major cane-producing hubs like Maharashtra and Karnataka is helping improve overall sugar recovery rates at the farm level.”
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”
AI is referenced only as industry commentary in the MD&A's global economic outlook; the company is an NBFC focused on capital market investments with no operational AI exposure.
“demand-driven momentum in the global technology cycle arising from advances in artificial intelligence and its wider adoption.”
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.”
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”
The company is proposing to add AI/ML as authorised objects in its MOA via Clause III(B), but no current AI business, revenue or operations are described.
“To research, develop, design, engineer, manufacture, fabricate, assemble, integrate, implement, deploy, operate, maintain, license, lease, sell, distribute, import, export and otherwise deal in artificial intelligence, machine learning, deep learning, generative artificial intelligence, large language models, artificial intelligence agents, computer vision”
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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