Artificial Intelligence Companies in India

India has made a clear impact on industries globally, with people of Indian origin filling prominent positions in most major industries today. It is probable that artificial intelligence companies in India can join the AI movement that is taking shape across the globe.

The growth and adoption of AI have been rapid across industries with significant investments being made in AI technology and public-private collaborations.

The key industries in India seeing massive adoption of AI are:

• Healthcare in the form of diagnostics and treatment.
• Finance AI for fraud detection and customer service.
• Manufacturing and Automation with advances in subdomains such as predictive maintenance.

India's AI-based companies can be measured by how much effect they pose on markets. The size, for example, of the AI market is forecast to increase 28.63 percent by 2030. This has greatly contributed to the economic growth of the country and the rates of employment. The insight, therefore, comes to us as a surprise when people have fear of losing their jobs owing to the same. While experts remain sharply divided on the subject, some argue that AI has led to talent development and skill enhancements, which have been some of the key challenges faced by AI companies in India.

Another essential challenge that affects an artificial intelligence development company in India is the development of a framework that guides the ethical and responsible use of AI. Let us familiarize ourselves with some of the AI companies driving the movement:

Leading AI Companies in India

Though some big giants like Infosys, Tech Mahindra, or WIPRO are also contributing tremendously to the applied AI space, we wanted to focus only on those companies where Artificial Intelligence is their core competence. Notably, many of these companies are older than 10 years.

This extends toward companies practicing in such specific industries as retail, health care, education, defense, and telecom, among others. This implies that artificial intelligence companies in India have been contributing across a wide range of industry specializations. Below is a list of the top 16 applied AI companies in India:

1. Rejoicehub LLP

Rejoice Hub empowers businesses by inculcating AI-based solutions to fast-track processes and drive productivity. With colossal experience in Artificial Intelligence, Machine Learning, and Cloud Computing, the company builds innovative, scalable solutions that put up with dynamic requirements underlined by different industries. The company leads the journey of digital disruption with automation and is playing a significant role across the world, leading to a major contribution toward the global AI scenario. Their work places them at the frontier of the burgeoning tech sector of the world's largest democracy.

• Founded: 2019, India
• Area of Expertise: AI development, data analytics, automation solutions.
• Provided Services: AI-driven business solutions, cloud infrastructure, and machine learning models.

2. Happiest Minds Technologies Ltd..

The company is armoring businesses with its focus on security, analytics, and digital innovation that massively transforms to a new advanced strategy based on the market requirements. Subsequent to its projects in Artificial Intelligence, Cloud Computing, Big Data, and IoT, there has been a contributive factor in transforming industries worldwide, and for that reason, it is considered the most aggressive one in the Indian tech landscape.

• Founded: 2011, Bangalore
• Industry Specialization: Retail, BFSI, healthcare, education, and travel.
• Key Services: Digitization, product engineering, infra services

3. Cyient Ltd.

Cyient harnesses the power of AI and propels predictive analytics and integration with the Internet of Things to new global heights across all industrial domains—including historically complex crises. Optionality to newer capabilities only promises to fuel this already universally applicable and deployable technological giant further as it continues more vector-like growth.

• Founded: 1991, Headquarters: Hyderabad
• Industry Specialization: Aerospace/Defence, Medical and Life Sciences, Telecommunications
• Key Offerings: Product design, digital revamp, and IoT solutions

4. Tata Elxsi Ltd.

The company is set up to apply AI to product design and engineering domains in areas such as the automotive and broadcasting. With powerful industry alliances, Tata Elxsi believes in extending frontiers of technological innovation.

• Founded: 1989, headquartered in Bangalore
• Industry Focus: Automotive, healthcare, media, and telecom
• Key Offerings: Product engineering, system integration, design thinking

5. Kellton Tech Solutions Ltd.

They build digital ecosystems endowed with AI, IoT, and cloud attributes for business receptiveness in competitive markets. Their commitment to agile development lets them adjust with rapid speed to the client's needs and market changes.

• Year Established: 2009, Hyderabad
• Industry Specialization: IT services, digital commerce
• Core Services: Agile development, digital integration, going outsourced on product development

6. Zensar Technologies Ltd.

Zensar is into AI-based solutions and specializes in cloud computing, enabling businesses to improve their digital experience. The increased focus on automation has converted organizations into lean functioning units and made them operationally efficient.

• Year Established: 1991, Pune
• Industry Specialization: Finance, retail, manufacturing
• Key Offerings: Digital transformation, AI, automation

Also read this article : Benefits of Machine Learning in Healthcare

7. Persistent Systems Ltd.

As a digital transformation market leader, Persistent Systems provides world-class, sophisticated technology solutions for effective decision-making enabled through data use by organizations. It has hands-on experience in driving transformation with finance, healthcare, and telecom for big clients and is one of the leaders in big data and analytics.

• Founded: 1990, Pune
• Industry Specialties: Finance, healthcare, media, telecom
• Services: data analytics, artificial intelligence, design authority, software development

8. Bosch Ltd.

They have been of significant help to Smart Mobility, Industrial Automation, and AI-powered solutions Industries. Their thought-thru innovations garner trust from both the consumer and industrial marketplace

• Founded:1951 (India), Bangalore
• Industries : The company caters to Automotive, industrial, consumer
• Primary offerings: Engineering, Tech-based solutions, AI for Mobility

9. Fractal Analytics

Their domain knowledge in decision sciences and AI-driven BI solutions helped them lead across consumer goods to another such as finance.

• Founded: 2000, Mumbai
• Industry Specialization: Consumer goods, finance, healthcare
• Key Services: AI-centric analytics, customer insights, decision sciences

10. Saksoft Ltd.

It is based in Chennai and has stationed itself at the confluence of digital transformation and data analytics. Saksoft assists clients in harnessing indispensable insights from their banking technology deployments to make further applications of the insights in finance, healthcare, and retail—where it helps companies with the optimization of operations.

• Founded: 1999, Chennai
• Vertical Specialization: Finance, health care, logistics, retail
• Key Services: Digital Transformation, Business Intelligence, AI Solutions

11. Haptik

Their intelligent automation technology makes customer service easier and enables better overall engagement; it is one of the leading AI Customer Service solution providers.

• Founded: 2013, Mumbai
• Industry Specialty: Customer Service, Retail, Healthcare
• Top Services: Conversational AI, Chatbots, Customer Engagement

12. Affle (India) Limited

In fact, their AI, Predictive Modeling, and Real-Time Bidding platforms have really transformed the mobile marketing landscape. With Affle, there comes audience insights and engagement in a smarter way. In the long term, it helps in the better execution of marketing campaigns for businesses.

• Established: 1994, Gurgaon
• Industry Specialization: Mobile advertising, marketing technology
• Key Services: AI-driven ad targeting, user engagement solutions

13. Oracle Financial Services Software Ltd.

The platform has been effectively operating since 2016 within five financial institutions in Russia, changing the concept of hazard management and operational efficiency

• Founded: 1990, Mumbai
• Specialties in Industry: Finance and banking solutions
• Key Services/Products: IT services, banking software, risk management

14. Talentelgia Technologies

AI-based business solutions developed in-house, dealing completely from soup to nuts across industries, honing on ML and NLP.

• Founded: 2012, Chandigarh
• Specialties in Industry: AI consulting, machine learning, and NLP
• Key Services: AI solutions, machine learning models, NLP applications

15. AIndra Systems

Through its intelligent diagnosing tools and leading AI-based healthcare solutions, AIndra is currently paving the way for diseases to be diagnosed and, thus, the pioneer of AI healthcare innovations.

• Founded: 2012, Bengaluru
• Vertical/Industry Focus: Healthcare computer vision
• Key Services: Diagnostics driven by AI, computer vision solutions

16. Active Ai (now Gupshup)

Since its acquisition by Gupshup, it has been breathing new life into the way banks and insurance companies relate to their customers through conversational AI and chatbots. AI-driven solutions 24/7 AI supplement the experiences of customers, incredibly seamless and personalized, empowering businesses with superlative support to their own customers.

• Founded: 2016, Bangalore
• Specialties: Banking, Insurance
• Services Offered: Conversational AI, Chatbots, Customer Engagement

Conclusion

The roll-up of changes that will likely happen across industries shortly is incredible.

Some of the innovative AI-ML companies in India have started working on breakthrough applications that will essentially lead industries to partake of AI in order to 'stay relevant'. However, it gets tricky at this point where ethical use of AI calls for strong policies and governance in drawing the line between growth for technological advancement and regulation.

Other AI companies are operational from India too, due to which fresh ones are mushrooming by the day. These companies have their prime objective clear: pioneering the kind of breakthroughs that will change the way the business is dealt with in the world of today.

Are you in search of the best AI solution for your business? Step into RejoiceHub and take your innovation to its pinnacle.