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Today I’m going to tell you about the Top 11 Artificial Intelligence (AI) Companies in India (2024), in the fast-changing world of technology, India has emerged as a powerhouse for significant advances in Artificial Intelligence (AI) and machine learning. India is at the forefront of AI innovation, thanks to a thriving environment that includes pioneering startups as well as established heavyweights.
AI is transforming sectors worldwide, and Indian firms are leading the way. These forward-thinking companies are transforming the corporate environment by leveraging AI’s ability to analyze massive amounts of data, find patterns, and make intelligent judgments.
This article looks at India’s top 11 AI firms that are likely to make substantial progress in 2024. From cutting-edge startups to industry giants, these firms are pushing innovation and harnessing AI’s capabilities to address challenging issues across several industries.
Discover the top AI businesses in India influencing the future of artificial intelligence and machine learning. Whether you’re an AI enthusiast, a tech worker, or simply curious about AI’s transformational potential, this article provides insights into the major actors to watch in India’s AI environment in 2024. Prepare for an amazing voyage into the realm of AI innovation in India.
Let’s know about 11 of the best AI companies in India, and let your soul know about more advanced technology development in India.
Top 11 AI Companies in India 2024
Artificial Intelligence (AI) is no longer the stuff of science fiction. In today’s rapidly evolving tech landscape, AI companies are at the forefront of innovation, shaping the way we work, live, and interact with technology. Let’s take a closer look at the top 11 AI companies making waves in 2024.
1. Bosch Ltd. – Multinational engineering and technology company
| Company type | Private (GmbH) |
| Industry | Conglomerate |
| Headquarter | Robert-Bosch-Platz 1, 70839 Gerlingen, Germany |
| Number of employees | 421,338 (2021) |
| Founded | 15 November 1886 |
| Founder | Robert Bosch |
| CEO, CTO, CDO | Stefan Hartung |
| Revenue | ₹7,08,073 crore (€78.74 billion) (2021) |
| Net income | ₹9,532 crore (€1.060 billion) (2020) |
| Website | bosch.com |
Bosch Ltd. is synonymous with innovation, providing ground-breaking solutions for smart homes, industry 4.0, and linked vehicles. With a rich history reaching back to 1886, Bosch has continuously pushed the boundaries, revolutionizing industries and changing lives.
Robert Bosch GmbH, commonly known as Bosch, is a German multinational engineering and technology business based in Gerlingen, Germany. Robert Bosch started the firm in Stuttgart in 1886. Bosch is 94% owned by the Robert Bosch Stiftung, a philanthropic organization. Although the charity is supported by holding the great majority of shares, it has no voting rights and works on health and social issues unrelated to Bosch’s company.
Bosch’s major operational areas are divided into four business sectors: mobility (hardware and software), consumer products (including household appliances and power tools), industrial technology (drive and control), and energy and building technology. In terms of revenue, Bosch is the leading automotive supplier. Moreover, it is the world’s largest service supplier.
2. Persistent Systems: Indian multinational technology services
| Company type | Public |
| Industry | Information Technology |
| Headquarter | Pune, Maharashtra, India |
| Number of employees | 21,000+ |
| Founded | 1990 |
| Founder | Dr. Anand Deshpande |
| CEO and Executive Director | Sandeep Kalra |
| Revenue | ₹8,350 crore (US$1.0 billion) |
| Net income | ₹921 crore (US$120 million) |
| Website | persistent.com |
| Traded as | BSE: 533179, NSE: PERSISTENT |
Persistent Systems is an Indian multinational technology services firm founded on May 16, 1990. Persistent Systems is listed on both the Bombay Stock Exchange and the National Stock Exchange. Shares of the firm were placed on the National Stock Exchange of India in March 2010.
Since its inception in 1990, Persistent Systems has been a pioneer in the AI environment. With its headquarters in the busy streets of New York City, this international software development business has been at the forefront of cutting-edge AI technologies. From data analytics to cloud security, Persistent System provides a wide range of services adapted to the changing demands of its broad clients.
3. Tata Elxsi – Design and technology services
| Company type | Public |
| Industry | IT Services & Consulting |
| Headquarter | Bangalore/Bengaluru, Karnataka, India |
| Number of employees | 12,000+ |
| Founded | 1989 |
| CEO | Manoj Raghavan |
| Revenue | ₹2,470 crore (US$ 298 million) |
| Net income | ₹549 crore (US$ 66.2 million) |
| Website | tataelxsi.com |
| Traded as | BSE: 500408, NSE: TATAELXSI |
Tata Elxsi, an esteemed Indian technology company, focuses on embedded systems, electronics, and software development. With an intense focus on artificial intelligence, the firm leads the development of new products and services in a variety of industries. Tata Elxsi leverages AI to create cutting-edge solutions in facial recognition, natural language processing, and predictive analytics, cementing its position as India’s leading AI firm.
It operates under two core divisions: system integration and support and software development and services, providing full design and technology help. The organization excels at delivering and integrating end-to-end solutions across various industries, including computing, broadcast, virtual reality, storage, and disaster recovery. It also provides expert maintenance and support services for technological infrastructure locally and abroad.
4. Zensar Technologies Ltd. – Publicly traded software and services company
| Company type | Public |
| Industry | IT Services |
| Headquarter | Pune, India |
| Number of employees | 11,000+ |
| Founded | 1991 |
| CEO & MD | Manish Tandon |
| Revenue | ₹4,713 crore (US$ 569.4 million) (March 2022) |
| Website | zensar.com |
| Traded as | BSE: 504067, NSE: ZENSARTECH, S&P BSE 500 component, Nifty 500 component |
Zensar Technologies Limited is an Indian publicly listed software and services firm. The company’s stock trades on both the Bombay Stock Exchange and the National Stock Exchange of India. Harsh Goenka serves as chairman of the firm, which is a subsidiary of RPG Group.
It stands tall as a beacon of digital transformation, with a robust ecosystem of technology partners. Since its inception in 2001, Zensar has been instrumental in shaping the digital landscape across banking, finance, insurance, and high-tech engineering services.
5. Kellton Tech Solutions Ltd. – Information technology and outsourcing company
| Company Type | Public |
| Industry | Digital technology consulting and IT services |
| Headquarter | Hyderabad/Secunderabad, Telangana, India |
| Number of employees | 1800+ |
| Founded | 2009 |
| Founder | Niranjan Chintam and Krishna Chintam |
| CEO | Krishna Chintam |
| Revenue | ₹806.74 crore (2020-21) |
| Net income | ₹70.46 crore (2020-21) |
| Website | kelltontech.com |
| Traded as | BSE: 519602; NSE: KELLTONTEC |
Kellton Tech Solutions Ltd. (KTSL) is an Indian information technology and outsourcing firm based in Hyderabad, India, with locations in the United States and Europe.The firm generated net revenues of Rs. 7.39 billion and employed more than 1800 people.
It is a trusted partner in the digital landscape, delivering innovative solutions to clients worldwide. With a focus on Digital and IoT solutions, Kellton Tech is committed to driving value and fostering customer delight.
Kellton Tech’s personalized solutions empower enterprises to achieve unprecedented performance, driving growth and innovation in an ever-evolving digital landscape.
6. Saksoft Ltd. – Transforming Industries Through Technology
| Company Type | Public |
| Industry | IT Services and IT Consulting |
| Headquarter | Chennai, Tamil Nadu, India |
| Number of employees | 2000+ |
| Founded | 1998 |
| Founder | Late Shri Autar Krishna |
| CEO | Aditya Krishna |
| Revenue | ₹192.84 crore (Dec 2023) |
| Net income | ₹22.54 crore (Dec 2023) |
| Website | saksoft.com |
| Traded as | NSE: SAKSOFT |
Saksoft, a leading developer of digital transformation solutions, serves a wide range of sectors, including financial services and healthcare. Saksoft fosters innovation and industrial change with its significant presence in a variety of areas.
Their expertise lies in redesigning obsolete systems to seamlessly coincide with overall corporate goals, utilizing cutting-edge technology and adaptable architectural solutions.
They drive Intelligent Automation of corporate operations using a wide range of new technologies such as the Internet of Things, Machine Learning/Artificial Intelligence, Data Analytics, and RPA. They complement their Digital Transformation offering with decades of experience in Quality Assurance, Cloud Computing, and DevOps, as well as a strong managed service model. Their comprehensive expertise makes them the choice partner for clients in areas such as Fintech, Transportation & Logistics, Telecom, and Healthcare, among others.
Saksoft’s technology-centric strategy enables businesses to survive in the digital age by promoting growth, efficiency, and innovation across several industries.
7. Fractal Analytics Pvt Ltd – Multinational artificial intelligence
| Company Type | Private |
| Industry | Technology |
| Headquarter | Mumbai, India, and New York City, United States |
| Number of employees | 2,500+ |
| Founded | 2000 |
| Founders | Srikanth Velamakanni and Pranay Agrawal |
| CEO | Pranay Agrawal |
| Revenue | ₹1,985 crore (US$250 million) |
| Net income | ₹194 crore (US$24 million) |
| Website | fractal.ai |
Fractal Analytics Private Limited is a multinational artificial intelligence company that operates in a variety of industries, including packaged consumer goods, insurance, healthcare, life sciences, retail, technology, and finance. The corporation is headquartered in Mumbai and New York City, with offices in the United States, India, the United Kingdom, and fifteen other locations. Thanks to its worldwide presence, Fractal Analytics can supply AI services to a wide range of industries and clients.
They specialize in analytical solutions for consumer-facing enterprises, enabling organizations to make data-driven choices, and resulting in positive change in the business environment. Their products help organizations leverage the power of data, fostering growth, efficiency, and innovation across sectors.
8. Cyient (Infotech Enterprises Ltd.) – Global multinational technology
| Company Type | Public |
| Industry | Conglomerate |
| Headquarter | Hyderabad, India |
| Number of employees | 100,000+ (2018) |
| Founded | 1991 |
| Founder | B. V. R. Krishna Reddy |
| CEO | Karthikeyan Natarajan |
| Revenue | ₹6,097 crore (US$760 million) |
| Net income | ₹514 crore (US$64 million) |
| Website | cyient.com |
| Traded as | BSE: 532175, NSE: CYIENT |
Cyient Ltd, originally Infotech Enterprises Limited, is a worldwide technology business specializing in engineering, manufacturing, data analytics, networks, and operations. The firm, which was founded in 1991 in Hyderabad, India as Infotech Enterprises, rebranded in 2014 and chose the name Cyient.
They are a leading participant in engineering design and manufacture, provides clients with comprehensive solutions on a worldwide scale. Cyient’s expertise encompasses data analytics, the Internet of Things (IoT), and machine learning, putting it at the forefront of technological innovation in the engineering business.
Cyient uses its engineering knowledge and digital capabilities to foster innovation across several sectors. The company’s dedication to influencing the future of engineering solidifies its position as a worldwide leader in the area, and its inclusion in the top 30 outsourcing businesses in the world in 2018 attests to its standing in the sector.
9. Infosys Ltd. – Multinational information technology
| Company Type | Public |
| Industry | Information technology consulting |
| Headquarter | Bangalore, Karnataka, India |
| Number of employees | 336,294 (June 2023) |
| Founded | 2 July 1981 |
| Founders | N. R. Narayana Murthy, Nandan Nilekani, Kris Gopalakrishnan, S. D. Shibulal, K. Dinesh, N. S. Raghavan, and Ashok Arora |
| CEO | Salil Parekh |
| Revenue | ₹149,468 crore (US$19 billion) (2023) |
| Net income | ₹24,108 crore (US$3.0 billion) (2023) |
| Website | infosys.com |
| Traded as | BSE: 500209, NSE: INFY, NYSE: INFY, BSE SENSEX Constituent, NSE NIFTY 50 Constituent |
Certainly! Infosys Limited is an Indian multinational information technology corporation that focuses on business consulting, IT services, and outsourcing. Established in Pune and based in Bangalore, it is India’s second-largest IT business in sales, following only Tata Consultancy Services.
On August 24, 2021, Infosys achieved a historic milestone by being the fourth Indian firm to have a market valuation of $100 billion. This success strengthens its status as one of India’s premier Big Tech firms.
Infosys is a global leader in IT services, offering solutions across a wide range of sectors. With experience in system integration, cloud services, and data analytics, it fosters innovation and molds IT’s future.
Their collaborative approach to innovation helps customers navigate the intricacies of the digital ecosystem, enabling development and innovation across sectors.
10. Haptik: Enterprise conversational AI platform
| Company Type | Subsidiary |
| Industry | Technology |
| Headquarter | Mumbai, India |
| Number of employees | 196+ |
| Founded | August 2013 |
| Co-founders | Aakrit Vaish and Swapan Rajdev |
| CEO | Aakrit Vaish |
| Revenue | N/A |
| Net income | N/A |
| Website | haptik.ai |
Haptik, an Indian corporate conversational AI platform, was established in August 2013. It was bought by Reliance Industries Limited in 2019. The firm focuses in building technology that enables businesses to create conversational AI systems, which allow people to engage with apps and electronic devices using natural language, whether through speech or text.
They have won several awards, including the Frost & Sullivan Award and the NASSCOM AI Game Changer Award. It supports Fortune 500 brands worldwide, in areas such as banking, insurance, healthcare, technology, and communications.
Haptik’s primary focus is on reinventing user interaction using conversational AI technologies, allowing marketers to communicate with customers across many channels. Haptik is redefining the way marketers connect, convert, and recruit consumers, with a focus on AI-driven customization that drives engagement and conversion across channels.
11. Arya.ai: Pioneering Autonomous AI Solutions
| Company Type | Private |
| Industry | IT Services & Consulting |
| Headquarter | Mumbai, Maharashtra, India |
| Number of employees | 25-40 |
| Founded | 20 Oct 2013 |
| Founders | Deekshith Marla and Vinay Kumar Sankarapu |
| CEO | Vinay Kumar Sankarapu |
| Revenue | $6 Million |
| Net income | N/A |
| Website | arya.ai |
They set out on an expedition in 2013 with a great vision: to create ‘intelligence’ to help humans navigate complex issues with outstanding skill. They strongly support in-depth intellectual thought before implementing any approach. To do this, they have meticulously chosen a cadre of elite talent, including researchers and specialists in Mathematics and Computing with significant academic pedigrees from a wide range of prestigious academic and corporate organizations.
A significant percentage of their resources are set aside for research and development, to discover better and more effective ways to achieve their objectives. Over time, they’ve also welcomed some of the most prominent corporate figures into their fold. These luminaries play a critical role in guiding their efforts toward a common goal: enabling developers and companies to create cutting-edge next-generation products that leverage ‘AI’.
Last words
In conclusion, these top 11 AI companies are leading the charge in innovation, shaping the future of technology, and driving positive change across industries. With a focus on collaboration, innovation, and customer-centricity, these companies are poised to continue making waves in the ever-evolving tech landscape.
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