Who is developing artificial intelligence in India in 2024 ?

Who is developing Artificial Intelligence in India:  As AI industry scaling the new heights in different fields, here is a list of companies That are developing artificial intelligence in India in 2024. India has emerged as a powerhouse for significant advancements in Artificial Intelligence (AI) and Machine Learning.

AI is reshaping industries globally, and Indian companies are adapting and innovating astonishingly. AI companies in India transforming businesses, enhancing efficiency, and driving growth in order to scale new heights in the industry. According to the reports of world economic forum, AI industry in India is expected to reach $11.78 billion by 2025 and add $1 trillion to India’s economy by 2035. The AI in Healthcare Market is projected to grow from $14.6 Billion in 2023 to $102.7 Billion by 2028.

This article delves into the Top AI companies in India developing artificial intelligence. From AI content writing tools to AI marketing tools, these companies play a pivotal role in shaping the AI landscape. Whether you’re an AI enthusiast, a tech-savvy professional, or just curious about AI’s transformative capacity, this article provides insights into the leading AI firms to watch in India in 2024.

Who is Developing Artificial Intelligence in India in 2024 ?

Here is a comprehensive list of the best AI-based companies in India that are making significant strides – Top  AI companies in India:

Tata Elxsi

Tata Elxsi is developing AI-Enabled smart annotation platform for faster development of autonomous and intelligent system. The company works on two key divisions: system integration & support, and software development and services. Tata Elxsi works on  different areas such as computing, broadcast, virtual reality, storage, and disaster recovery. They also provide professional services  both in India and internationally.

Infosys

Tech giant and a global leader in IT services, Infosys harnesses its AI platform, Mana,  automation, process optimization, and intelligent decision-making projects, offering AI consulting and implementation services in the fields of autonomous vehicles, healthcare, robotics, mobility and satellite navigation.

HCL Technologies

 HCL Technologies offers AI solutions to improve customer engagement, automate processes, and analyze data, helping businesses enhance customer satisfaction and streamline operations. From GenAI to automation to quantum computing and 5G, HCL helping organizations for implementing AI solutions.

Mindtree

Mindtree creating hi-tech Artificial Intelligence apps. Mindtree providing services in different fields- Cybersecurity, Mobile Apps, Data Management and storage, APIs, Communications, and Gaming. They’re providing  stuff like an AI-powered platform that automates marketing campaigns and helps businesses with digital transformation.

CGI India

CGI India, a division of the CGI Group, specializes in utilizing AI technology for data analytics, automation, and cognitive computing. They are involved in developing chatbots and facial recognition systems for various projects. As AI’s development, CGI provide up-to-date best practices and designs for developing guardrails, policies and governance, as well as AI operating (AIOps) models.

 

Tech Mahindra

Tech Mahindra, a global IT service provider, provides AI solutions for various sectors such as telecommunications, healthcare, banking, and manufacturing, with a focus on intelligent automation, data analytics and GenAI powered amplifAIers(Email amplifAIers, Ops amplifAIers, Vision amplifAIers, Document amplifAIers). These amplifAIers are the GenAI copilots to provide end-to-end solution for specific business process.

Cognizant

Cognizant, an AI-listed company in India, focuses on business consulting and technology. They offer various AI services like customer care, fraud detection, and marketing automation. Cognizant has earned Leader status in Everest Group’s Advanced Analytics & Insights Services PEAK Matrix Assessment 2021. The company is  harnessing the power of data and AI to drive faster, predictive and proactive decisioning, for educating the organizations.

ThoughtWorks

ThoughtWorks, a worldwide technology consulting company, focuses on AI in finance, healthcare, and retail, assisting companies in utilizing ML and natural language processing to enhance decision-making. Thoughtworks harness the power of data and artificial intelligence (AI) to solve the toughest business challenges in  business includes Digital Product Development Services, Digital Experience and Distributed Agile software development.

Mphasis

Mphasis, an IT company based in India, specializes in AI solutions for customer service, fraud prevention, and supply chain management, benefiting a wide range of sectors and drives the right user journeys for global business operations across industries to deliver impactful outcomes

Innovaccer

Innovaccer, a healthcare firm, utilizes artificial intelligence to link healthcare information in order to enhance decision-making for patient care. They provide solutions for gathering data, coordinating care, and managing the health of the population. Innovaccer created its AI platform SARA trained to handle medical tasks.

Eightfold

Eightfold uses its Talent Intelligence Program for Talent Management and Talent Acquisition. Eightfold.ai is an expert in using AI algorithms to analyze resumes, find the best candidates, and match them with the perfect opportunities in talent acquisition and management.

Happiest Minds

Happiest Minds specializes in AI-driven healthcare solutions, utilizing artificial intelligence to extract valuable insights from data. The company focuses on a wide range of digital technologies such as security, cloud computing, business process management (BPM), big data, advanced analytics, robotic process automation (RPA), and software-defined networking/network function virtualization.

Unsupervised

Unsupervised uses AI for customer data analysis, identifying patterns and generating insights through complex algorithms to better understand client behaviors. The company developing artificial intelligence for Marketing, E-Commerce, Retails, Financial Services, Tech and Telecom

Bosch Ltd.

Bosch Ltd. is an Indian-based provider of goods and services in energy and building technology, consumer goods, industrial technology, and mobility solutions.  Bosch uses AI algorithms to project energy usage in production lines, facilitate continuous production scheduling, and integrate business and environmental aspects. These aspects include customer demand forecasts, production plans, weather conditions, temperature, and humidity.

Kellton Tech Solutions Ltd.

Kellton Tech Solutions Ltd. is an international company headquartered in India that provides services in enterprise resource planning, digital transformation, and various information technology fields.

The services offered by Kellton Tech Solutions include Agile Software Development, Digital Commerce and Marketing, Digital Integration, Outsourced Product Development, Platform Modernization, Professional Services, Research and Development Labs, Technology Consulting, and Testing and Automation. The company also provides platforms like Kellton4Media, KLGAME, Optima.

Active.ai

Active.Ai, a Singapore-headquartered Fintech startup with an innovation lab in Bengaluru, utilizes artificial intelligence (AI) to deliver conversational banking services. Its aim is to help banks and financial institutions redefine their future digital strategy. Company developed its conversational tool Gupshup to improve banking.

AINDRA Systems

AINDRA Systems, based in Bangalore, India, is a prominent AI and computer vision technology company specializing in innovative solutions, particularly in healthcare. The company is known for creating advanced products for medical diagnostics. AINDRA developed an advanced AI powered Cervical Cancer Detection System to facilitate early diagnosis.

Zensar Technologies Ltd.

Zensar Technologies Ltd. provides electronic alternatives and technology services. It is developing Artificial Intelligence in healthcare, banking, insurance and telecom sector. The digital application services(DAS) segment of company providing services such as development, maintenance, support, modernization, and testing across various technical and commercial verticals.

Affle (India) Limited

Affle India is a global technology company with a proprietary consumer intelligence platform which facilitates consumer acquisitions, engagements, and transactions through relevant mobile advertising. Affle India has become a powerhouse in big data and AI-driven analytics in the past three decades. It is developing Artificial Intelligence  in mobile marketing and advertising technology.

Persistent Systems Ltd.

Persistent Systems Ltd. is an Indian holding company operating in the software and technology services industries. The company offers a range of services, including data and analytics, intelligent automation, cloud & infrastructure, client experiences (CX) transformation, and data and product engineering. Persistent Systems provides services to various sectors, including banking, financial services, insurance, healthcare, life sciences, industrial, software, high-tech, telecom, and media.

Oracle Financial Services Software Ltd.

Oracle Financial Services Software Ltd. specializes in offering business processing services and information technology solutions to the financial services sector.  The company covers various banking software products and provides the services of applications used by financial institutions, including technology, application, support, consulting services and banking services. Oracle is developing its applications by embedding classic and GenAI.

Also Read | Which Engineering Will Not Be Replaced By AI ?

Top Artificial Intelligence Companies Shares

The following is a list of notable AI companies of India, along with their share price and market capitalization that you might be interested in:

 

TOP AI COMPANIES                                                           SHARE PRICE(INR)

1. BOSH LTD.                                                                               30100
2. CGI INDIA                                                                                 12597
3. ORACLE                                                                                     8375
4. PERSISTENT SYSTEMS                                                             7995
5. TATA ELXSI                                                                                7665
6. COGNIZANT                                                                              5998
7. MINDTREE                                                                                 5005
8. MPHASIS                                                                                    2388
9. HCL TECHNOLOGIES                                                               1556
10. INFOSYS                                                                                     1511
11. TECH MAHINDRA                                                                      1263
12. AFFLE INDIA                                                                               1088
13. HAPPIEST MINDS                                                                       777
14. ZENSAR                                                                                        590
15. THOUGHTWORKS                                                                      191
16. KELLTON                                                                                     101

 

Top AI Companies in India listed on NSE

1. Bosch ltd. listed on NSE under the code BOSCHLTD.
2. Oracle Financial Services is another reputed firm listed on NSE under the code OFSS.
3. Persistent Systems is one of the leading AI companies listed on NSE in March 2010 under the Code PERSISTENT.
4. TATA ELXSI is a prominent name in India AI industry, listed on NSE under the code TATAELXSI.
5. MPHASIS is listed on NSE under the code MPHASIS.
6. HCL Technologies doing business in the Indian stock market under NSE code HCLTECH.
7. Another pioneer in the Indian AI industry is Infosys listed on NSE under the code INFY.
8. Tech Mahindra is listed on NSE under the code TECHM.
9. AFFLE INDIA is trading in the Indian share market under the code AFFLE.
10. HAPPIEST MINDS growing in the market listed on NSE under the code HAPPSTMNDS.
11. Zensar Technologies is listed on NSE under the code ZENSARTECH.
12. KELLTON is among the fast growing AI companies in India, listed on NSE under the code KELLTONTEC.

 

Top AI Companies in India listed on BSE

1. Bosch ltd. is among the fast growing AI companies in India, listed on BSE under the code BOM:500530.
2. Oracle Financial Services is listed on BSE under the code BOM:532466.
3. Persistent Systems is growing in the market listed on BSE under the code BOM:533179.
4. TATA ELXSI is trading in the Indian share market under the code BOM:500408
5. MPHASIS is listed on BSE under the code BOM:526299.
6. HCL Technologies doing business in the Indian stock market under BSE code BOM:532281.
7. Another pioneer in the Indian AI industry is Infosys listed on BSE under the code BOM:500209.
8. Tech Mahindra is listed on BSE under the code BOM:532755
9. AFFLE INDIA is a prominent name in India AI industry, listed on BSE under the code BOM:542752
10. HAPPIEST MINDS one of the leading AI companies listed on BSE in March 2010 under the BOM:543227.
11. Zensar Technologies is another reputed firm listed on BSE under the code BOM:504367
12. KELLTON listed on BSE under the code BOM:519602