Top 50 AI Companies in India (2026): Report by Business Outreach 

India’s AI Boom: What’s Happening

For many years, Indian tech companies mostly copied Western technology and offered cheap engineering work to clients abroad. That old way of working is changing fast. In major tech hubs like Bengaluru, Pune, and Noida, Indian companies and big IT firms are no longer just back-office service providers.

Instead, they are building their own AI systems made for India — systems that understand India’s many languages, handle huge numbers of transactions, and work well with India’s infrastructure.

This change is backed by big investments and strong government support. The Indian government’s ₹10,371 crore IndiaAI Mission helps fund local AI research and makes it cheaper for companies to buy powerful computer hardware. At the same time, more companies are focusing on India-based cloud services and high-end computing hardware. The competition has moved from simple AI apps to building serious computing infrastructure.

To help business leaders, investors, and technology partners understand this market, Business Outreach presents its yearly list of the Top 50 AI Companies in India for 2026. This list highlights companies that are running their businesses well, building products people actually want, and earning solid revenue.

How Business Outreach Made This List

To make sure our list is fair and accurate, the Business Outreach research team studied hundreds of technology companies in India. Using our own scoring system, called the Multi-Dimensional Outreach Index (MDOI), we looked at both large public companies and private startups across six key areas:

• Company Value: How much the company is worth on the stock market or in private funding, as of April 2026. This shows how much money the company has to grow over time.
• Revenue: The company’s checked sales numbers for the latest year (FY25 or FY26). This shows real demand for its products, not just guesses about future value.
• Profit: Whether the company can run its day-to-day business profitably and support itself with its own cash.
• Local Impact: How well the company supports Indian languages, helps build India’s digital systems, and serves Indian businesses.
• Recent Moves: Important business news, such as new funding rounds, stock market listings, big mergers, or large new computing setups.
• Staying Power: How strong the company’s own data and market position are, and how well it keeps its customers.

Our team checked all this information using official filings, audited financial reports, company press releases, and trusted industry databases.

The Full List: India’s Top 50 AI Companies (April 2026)

Rank	Company	Category	Value (April 2026)	Yearly Revenue (FY25/FY26)	What’s New
1	Sarvam AI	Foundation Models	$1.5 Billion	₹29.1 Crore (FY25)	Closed a big funding round (Series B) and got cheap access to powerful computers through the government’s IndiaAI Mission.
2	Krutrim	AI Cloud & Language Models	$1.0 Billion	~₹300 Crore (FY26)	Switched its focus to AI cloud services and became profitable after moving Ola’s computing work onto its own cloud.
3	Neysa	AI Infrastructure	$1.4 Billion	₹21 Crore (FY25) / $8.1M yearly revenue	Raised $1.2 billion in funding led by Blackstone to set up over 20,000 AI chips across India.
4	CoRover	Chatbot AI	$31.5 Million	₹12 Crore (FY25) / $10.5M yearly revenue	Built chatbot systems in many languages for large public services, including Indian Railways.
5	Qure.ai	Healthcare AI	$500 Million	₹190 Crore (FY25)	Expanded its medical scan-reading tools worldwide, backed by grants and partnerships with medical device makers.
6	Fractal	Decision Intelligence	₹16,373 Crore	₹3,299.7 Crore (FY26)	Listed on the stock market in February 2026 and paid off its long-term debt, becoming debt-free.
7	Kore.ai	Enterprise AI	$800M – $1.2B	$36.4 Million (FY26, India unit)	Renamed itself the “AI Agent Platform” after a major growth investment led by AllianceBernstein.
8	Uniphore	Conversational AI	$2.5 Billion	Over $50 Million (FY25)	Raised $260 million in funding from partners including NVIDIA, AMD, and Databricks.
9	Cropin	Agritech AI	$54 Million	$63 Million yearly revenue (FY24)	Launched its Bharat-VISTAAR farming advice tool and won an EU grant to expand digital farming in Europe.
10	Yellow.ai	Customer Experience AI	~$800M – $1.1B	$27.9 Million (FY25, India unit)	Grew its business worldwide, with North America now making up over 35% of total sales.
11	Perfios	Fintech AI	₹10,000 Crore	₹669.5 Crore (FY25)	Bought three companies in a row in 2025, paying with its own cash reserves.
12	E2E Networks	AI Cloud Infrastructure	₹9,310 Crore	₹245.58 Crore (FY26)	Bought powerful new AI chips and turned profitable, earning ₹6.4 crore in the last quarter of FY26.
13	Yotta Data Services	AI Infrastructure	Backed by Hiranandani Group	Aiming for $1 Billion by FY28	Signed a $500 million deal with Gorilla Technology to set up over 5,000 AI chips in Navi Mumbai.
14	Tech Mahindra AI	Enterprise AI	Public / listed parent company	Managed globally	Built industry-specific AI tools and fast AI systems for retail and telecom clients around the world.
15	Jivi AI	Healthcare AI	Backed by investors (AI Fund & Elevation)	Early stage, little revenue yet	Built an AI tool that helps doctors with paperwork and reviewing patient records.
16	Locus	Delivery & Logistics AI	Backed by investors	India business earns $250K – $1M+ a year	Partnered with gifting platform IGP to make its 30-minute delivery service run more smoothly.
17	Arya.ai	Financial AI	Bought for $15 Million by Aurionpro	Early growth	Added the latest AI models into its tools for checking financial risk and credit.
18	Haptik	Chatbot Commerce AI	Part of Reliance Jio	Reported together with Reliance Jio	Built chatbot tools used across retail, telecom, and banking businesses.
19	Mad Street Den (Vue.ai)	E-commerce Vision AI	Backed by investors ($47M raised)	Early growth	Used smart image-recognition tools to make online product listing 95% faster.
20	SigTuple	Healthcare Diagnostics AI	$52 Million raised	Growth stage	Got US approval for tools that read blood and urine tests automatically, cutting lab wait times in half.
21	Netweb Technologies	High-Performance Hardware	₹21,924 Crore	₹2,183.6 Crore (FY26)	Reported a 90% jump in revenue for FY26, thanks to a 459% rise in its AI hardware business.
22	Infosys Topaz	Enterprise AI Suites	Parent company worth $47.5B	Parent revenue: over ₹1,59,000 Crore (FY26)	Rolled out AI tools and automation systems for businesses worldwide under its Topaz brand.
23	TCS AI	Systems Integration AI	Parent company worth ₹7.82 Lakh Crore	Parent revenue: over ₹2,40,000 Crore (FY26)	Won a multimillion-euro deal with Canada Life to upgrade its systems using AI.
24	Wipro AI	Systems Integration AI	Parent company worth ₹2.05 Lakh Crore	Parent revenue: ₹92,620 Crore (FY26)	Announced a huge ₹15,000 crore share buyback to reward long-term investors.
25	HCLTech AI	Systems Integration AI	Parent company worth ₹3.01 Lakh Crore	Parent revenue: over ₹1,10,000 Crore (FY26)	Led Sarvam AI’s major funding round with a ₹150 crore investment.
26	Equal AI	Voice AI	Backed by investors	₹4.3 Crore (FY25)	Raised $30 million from Prosus to build smart voice assistants for phone calls.
27	Wysa	Healthcare AI	Backed by investors	Early growth	Built a mental health support app, approved by doctors, used by over 5 million people worldwide.
28	Boba Bhai	Food-tech AI	Backed by investors	₹30 Crore (FY25)	Uses AI to predict demand and plan stock for its bubble tea stores.
29	Sonatic	Applied Research AI	₹191 Crore	Early stage, no revenue yet	Led by 22-year-old college dropout Kinjal Nandy, raising early funding from a16z to build smart AI work assistants.
30	Zelio	IoT & Logistics AI	Listed company	₹134.78 Crore (first half of FY26)	Rolled out automatic tracking sensors and reported a ₹11.8 crore profit in early FY26.
31	Affle 3i Ltd	Mobile Ad-tech AI	₹20,321.86 Crore	₹714.77 Crore (Q4 FY25)	Runs a profitable, debt-free mobile advertising platform powered by AI.
32	OFSS	Fintech Software AI	₹70,346.15 Crore	₹1,965.9 Crore (Q3 FY26)	Provides secure financial software, built on its parent company’s fast cloud systems.
33	L&T Technology Services	Industrial AI	₹37,867.84 Crore	₹2,923.5 Crore (Q3 FY26)	Launched AI platforms that connect factories with digital systems.
34	Bosch Ltd	Smart Industry AI	₹1,11,456.47 Crore	N/A (core auto business)	Bought full ownership of Bosch Chassis Systems India for ₹9,068 crore to build smart car-braking AI.
35	Deeptek	Healthcare Imaging AI	$10M raised	Growth stage	Provides AI tools that help doctors read X-rays and scans much faster.
36	Oranjemantra	AI Workflow Automation	Self-funded, growing	Growth stage	Builds smart workflow tools that connect directly with business software like SAP.
37	Quytech	Custom AI Solutions	Private	Early growth	Builds custom AI apps for healthcare and finance clients.
38	Agentic India	Workflow Automation AI	Private	Growth stage	Builds AI systems that handle complex business tasks automatically.
39	Maruti Techlabs	Easy-Setup AI Agents	Private	Early growth	Builds easy-to-set-up AI assistants that automate customer service for mid-sized companies.
40	Digital Is Simple	Custom Search AI	Private	Early growth	Connects company data with AI tools to give secure, custom search results.
41	Gen AI India	Custom AI Models	Private	Early stage	Trains custom AI models for clients, who keep full ownership of the technology.
42	Successive Digital	Systems Integration AI	Private	Growth stage	Helps large companies add new AI features smoothly into their existing systems.
43	Kellton	Enterprise AI Agents	Listed company	Growth stage	Won awards for its AI platform that automates routine office work.
44	Minus Zero	Self-Driving Car AI	Backed by investors	Early growth	Building self-driving car systems that use cameras instead of costly sensors.
45	Karya	AI Training Data	Backed by investors	Early growth	Collects high-quality voice recordings in regional languages by paying fair wages to rural workers.
46	Goodmeetings	Sales Intelligence AI	Backed by investors	Early growth	Writes down sales calls in real time and creates automatic summaries and follow-ups.
47	Hiresure.ai	HR Intelligence AI	Backed by investors	Early stage	Uses AI to predict when employees might leave and helps companies manage payroll.
48	Vitra.ai	Translation AI	Backed by investors	Early growth	Automatically translates marketing videos into over 15 Indian languages.
49	Nintee	Health-Coaching AI	Backed by investors	Early growth	Built a health-coaching app that uses AI to help people build healthier habits.
50	MachineHack	Developer Community AI	Backed by investors	Early growth	Runs a large community of over 100,000 data scientists through AI competitions.

A Closer Look at the Top 25 AI Companies in India

1. Sarvam AI

• Overview: Sarvam AI, based in Bengaluru, builds AI systems made specifically for India. It focuses on large language models that work in many Indian languages.
• Founders: Founded in 2023 by Dr. Vivek Raghavan and Dr. Pratyush Kumar.
• What it offers: The company builds the “Sarvam” series of AI language models for Indian languages and voice apps. It also makes “Sarvam Kaze,” an augmented-reality translation tool.
• Money and value: Sarvam AI is valued at $1.5 billion after raising $250 million in its Series B funding round, backed by NVIDIA, Accel, and HCLTech. It earned ₹29.1 crore in revenue in FY25.
• Recent moves: Chosen for the government’s IndiaAI Mission, Sarvam gets access to low-cost computing power, which it uses to build large-scale chatbot and voice systems for both government and private businesses.

2. Krutrim

• Overview: Krutrim, based in Bengaluru, is a full AI cloud service built to help Indian businesses rely less on foreign technology.
• Founders: Founded in late 2023 by entrepreneur Bhavish Aggarwal, who has started several companies.
• What it offers: Krutrim Cloud offers flexible computing power and runs its own AI language models, trained on 2 trillion words across 22 Indian languages.
• Money and value: Krutrim is valued at $1.0 billion. It became profitable in FY26, earning ₹300 crore in revenue with a profit margin of over 10%.
• Recent moves: Krutrim’s shift to cloud services got a big boost when it moved all of Ola’s computing work from outside cloud providers onto its own platform.

3. Neysa

• Overview: Neysa Networks, based in Mumbai, provides the basic computing tools and infrastructure that power India’s AI industry.
• Founders: Founded in 2023 by digital infrastructure experts Sharad Sanghi and Anindya Das.
• What it offers: Its main product, Neysa Velocis, gives secure, on-demand access to powerful AI chips, along with tools to manage and reduce costs.
• Money and value: Neysa reached a $1.4 billion valuation in February 2026 after raising $1.2 billion in its Series B round (split between $600 million in shares and $600 million in debt), led by Blackstone. It reported ₹21 crore in revenue for FY25, with its yearly recurring revenue growing to $8.1 million.
• Recent moves: Neysa is setting up over 20,000 AI chips across Mumbai and Bengaluru to offer secure, India-based computing power.

4. CoRover

• Overview: CoRover, based in Bengaluru, is a leading chatbot company that builds secure virtual assistants connected to India’s digital public services.
• Founders: Founded in 2016 by Ankush Sabharwal, Kunal Bhakhri, Manav Gandotra, and Rahul Ranjan.
• What it offers: The company built “BharatGPT,” an advanced virtual assistant that works in many Indian languages through text, voice, and video.
• Money and value: CoRover is valued at $31.5 million. It grew its business to $10.5 million in revenue by June 2024 without relying much on venture capital funding.
• Recent moves: The company has won large, long-term government contracts, including building the “AskDISHA” chatbot for Indian Railways.

5. Qure.ai

• Overview: Qure.ai, based in Mumbai, is a globally known health-tech company that uses AI to speed up and automate the reading of medical scans.
• Founders: Founded in 2016 by Prashant Warier.
• What it offers: Offers approved AI tools that automatically read chest X-rays and CT scans to spot early signs of tuberculosis, lung cancer, and stroke.
• Money and value: Used in over 105 countries, Qure.ai is valued at $500 million and earned ₹190 crore in revenue for the year ending March 2025.
• Recent moves: Qure.ai grows its reach by building its AI directly into medical devices made by global companies like GE HealthCare and Siemens Healthineers.

6. Fractal

• Overview: Started over 20 years ago, Fractal is a global company that provides data analytics and AI software to help businesses make better decisions.
• Founders: Co-founded by Srikanth Velamakanni and Pranay Agrawal.
• What it offers: Provides custom AI tools, including “Vaidya.ai 2.0,” the first medical AI assistant to score over 50 on OpenAI’s clinical HealthBench test.
• Money and value: Fractal is worth ₹16,373 crore on the stock market. It reported ₹3,299.7 crore in revenue for FY26, up 19% from the year before, and a profit of ₹287 crore.
• Recent moves: After listing on the BSE and NSE stock exchanges in February 2026, the company used the ₹957 crore it raised to pay off its long-term debts and become debt-free.

7. Kore.ai

• Overview: Kore.ai is based in Orlando, Florida, but most of its technical team — over 835 people — works in Hyderabad. The company builds AI chatbot and AI agent platforms for businesses.
• Founders: Founded in 2013 by Raj Koneru.
• What it offers: Its renamed “AI Agent Platform” lets large companies build, test, and roll out AI assistants safely, whether on the cloud or on their own servers.
• Money and value: The company is privately valued between $800 million and $1.2 billion, with yearly recurring revenue of over $100 million. Its Indian branch earned $36.4 million in revenue in FY26.
• Recent moves: Backed by investment from FTV Capital and NVIDIA, Kore.ai works as an AI partner for both AWS and Microsoft.

8. Uniphore

• Overview: Uniphore started at the IIT Madras Research Park in Chennai before moving its headquarters to Palo Alto. It is a well-funded AI platform for businesses.
• Founders: Founded in 2008 by Umesh Sachdev and Ravi Saraogi.
• What it offers: Offers a complete Business AI Cloud that automates work in call centers, HR departments, and sales teams.
• Money and value: Uniphore is valued at $2.5 billion and has raised close to $1 billion in total funding. It earned over $50 million in revenue for the year ending March 2025.
• Recent moves: Its $260 million Series F funding round was backed by major tech partners, including NVIDIA, AMD, Databricks, and Snowflake, strengthening its position with large business clients.

9. Cropin

• Overview: Cropin, based in Bengaluru, is a pioneer in farming technology. It uses data science and climate-risk models to digitize farming supply chains around the world.
• Founders: Founded in 2010 by Krishna Kumar, Kunal Prasad, and Chittaranjan Jena.
• What it offers: Runs “Cropin Cloud,” said to be the world’s first smart farming cloud, along with “Bharat-VISTAAR,” an AI advice tool in many languages that helps farmers deal with climate change.
• Money and value: Cropin is valued at $54 million and has raised $54 million in total funding. By late 2025, its yearly recurring revenue worldwide reached $63 million.
• Recent moves: Having digitized over 3.2 million acres of farmland worldwide, Cropin won a European Union grant to use its prediction tools across potato farms in Europe.

10. Yellow.ai

• Overview: Yellow.ai, run by Bitonic Technology Labs, is a global leader in automating customer service and support.
• Founders: Founded in 2016 by Jaya Kishore Reddy, Rashid Khan, and Raghu Ravinutala.
• What it offers: Builds chatbot assistants powered by its own “DynamicNLP” technology, which cuts chatbot training time by 98%.
• Money and value: The company has raised $102 million in venture funding. Its Indian branch earned $27.9 million (about ₹230 crore) in revenue for FY25.
• Recent moves: Yellow.ai has spread its business across more regions, with North America now making up over 35% of its total business bookings.

11. Perfios

• Overview: Perfios, based in Bengaluru, is the leading platform that Indian banks use to gather financial data and make quick lending decisions.
• Founders: Founded in 2008 by VR Govindarajan and Debashish Chakraborty.
• What it offers: Offers automatic tools that read bank statements, check customer identity, catch fraud, and score credit, used by over 1,000 financial institutions.
• Money and value: Perfios is valued at ₹10,000 crore and is very profitable, earning ₹104.3 crore in profit on ₹669.5 crore in revenue for FY25.
• Recent moves: Using its strong cash position, Perfios bought three companies in 2025 — Clari5, CreditNirvana, and IHX — paying entirely from its own cash reserves.

12. E2E Networks

• Overview: E2E Networks, based in New Delhi, is an Indian public cloud company that specializes in renting out powerful AI computing chips.
• Founders: Founded in 2009 by Tarun Dua.
• What it offers: Offers affordable, on-demand access to powerful AI chips for local startups and businesses.
• Money and value: The company is worth ₹9,310 crore on the stock market. Its revenue jumped 49.7% to ₹245.58 crore in FY26. The high cost of its AI chips led to a yearly loss of ₹15.56 crore, but the company turned a profit of ₹6.43 crore in the last quarter of FY26.
• Recent moves: The company has partnered with Larsen & Toubro and recently bought powerful new AI chips in Chennai to support India’s AI computing needs.

13. Yotta Data Services

• Overview: Backed by the $3 billion Hiranandani Group, Yotta designs, builds, and runs large, top-rated data centers and India-based cloud computing services.
• Founders: Co-founded in 2019 by Sunil Gupta and Darshan Hiranandani.
• What it offers: Runs the “Shakti Cloud” division, offering government-approved cloud hosting and NVIDIA-powered supercomputing power.
• Money and value: Backed by its parent group’s large funds, Yotta aims to reach $1 billion in revenue by March 2028 and plans to list on the stock market.
• Recent moves: The company signed a major $500 million deal with Gorilla Technology to set up over 5,000 AI chips, including 640 powerful servers, at its NM1 facility in Navi Mumbai.

14. Tech Mahindra AI

• Overview: Tech Mahindra AI is the AI division of Tech Mahindra, a global IT company. It focuses on building custom AI and automation tools for businesses.
• What it offers: Builds custom translation tools, automated workflows, and AI language models designed for retail, telecom, and manufacturing industries.
• Money and value: As a major division of Tech Mahindra, its AI services are managed worldwide and support large business clients.
• Recent moves: Tech Mahindra AI builds fast AI reasoning tools using freely available AI models, helping business clients use specialized AI without paying expensive licensing fees.

15. Jivi AI

• Overview: Jivi AI, based in Gurugram, builds an AI platform that helps doctors with diagnosis and automatically handles medical paperwork.
• Founders: Founded in 2023.
• What it offers: Built software for doctors that drafts prescriptions, checks for drug interactions in real time, and makes clinical work more efficient.
• Money and value: The startup is backed by Andrew Ng’s AI Fund, Elevation Capital, and Continuum Health Ventures. It is still in the early stage of selling its product.
• Recent moves: Jivi AI is running tests across major hospitals in North India to build trust among doctors and get adopted more widely in public healthcare.

16. Locus

• Overview: Locus (run by Locus.sh) provides delivery technology that automates dispatch planning, vehicle routing, and delivery management.
• Founders: Led by founder and CEO Nishith Rastogi.
• What it offers: A smart AI tool that connects with business systems to cut fuel use and reduce delivery delays.
• Money and value: Backed by venture capital, the company’s Indian business unit earns between $250,000 and over $1 million a year in recurring revenue.
• Recent moves: The company has partnered with gifting platform IGP to power its 30-minute delivery service across 400 Indian cities.

17. Arya.ai

• Overview: Arya.ai, based in Mumbai, builds advanced AI platforms and decision tools for banks, financial firms, and insurance companies, which work under strict regulations.
• Founders: Founded in 2013 by Vinay Kumar Sankarapu.
• What it offers: Its main product, “Apex,” offers over 100 ready-made finance tools for automatic identity checks, fraud detection, and credit decisions.
• Money and value: Bought by the global IT company Aurionpro Solutions in April 2024 for $15 million, Arya.ai now operates as a fast-growing part of Aurionpro.
• Recent moves: Arya.ai recently added top AI models like GPT-5 and Claude 4.6 into its “Weave” platform, which manages multiple AI agents working together.

18. Haptik

• Overview: Started in 2013 as a chatbot-commerce startup, Haptik was bought by Reliance Jio and now plays a key role in managing customer relationships and automated sales.
• What it offers: Its AI assistants work on WhatsApp, mobile websites, and social media to handle sales, leads, and customer support automatically.
• Money and value: As a fully owned part of Reliance Jio, Haptik’s financial results and user numbers are reported together with Jio’s overall digital business.
• Recent moves: Trusted by major brands like Paytm, Whirlpool, and P&G, Haptik’s language-understanding technology helps complete customer transactions in telecom and finance.

19. Mad Street Den (Vue.ai)

• Overview: Mad Street Den, working out of Chennai and California, builds advanced computer-vision and image-recognition tools for retail and online shopping.
• Founders: Co-founded by Ashwini Asokan.
• What it offers: Its “Vue.ai” platform automatically tags, sorts, and organizes retail products, making it faster to upload items online.
• Money and value: Backed by $47 million in total venture funding, the company is still in its early stage of growing its business.
• Recent moves: Works with major online retailers like Myntra and Ajio, helping them cut product-cataloging time by 95% and boosting buyer conversion rates by 22%.

20. SigTuple

• Overview: SigTuple, based in Bengaluru, builds tools that automate and digitize lab work that used to be done manually under a microscope.
• What it offers: Its main product, AI100, uses computer vision to analyze blood and urine samples, cutting down human errors in lab testing.
• Money and value: The company has raised $52 million in venture funding and is now setting up its systems in smaller Indian cities.
• Recent moves: SigTuple’s lab tools have received US FDA clearance, letting lab technicians finish their reports up to 50% faster.

21. Netweb Technologies

• Overview: Netweb Technologies, a well-known listed company, designs, builds, and sets up high-performance server racks and private AI data centers.
• What it offers: Builds compact, liquid-cooled server racks and partners officially with NVIDIA to build AI chip systems.
• Money and value: It is worth ₹21,924 crore on the stock market. Netweb had a record year, with revenue reaching ₹2,183.6 crore in FY26, up 90% from the year before, and profit growing to ₹205.8 crore.
• Recent moves: Its AI systems business grew 459% from the year before and now makes up 43.4% of total revenue, as the company won major government computing contracts.

22. Infosys Topaz

• Overview: Infosys Topaz is an AI-focused set of services and tools launched by Infosys, India’s second-largest IT exporter.
• What it offers: Combines AI tools, industry-specific models, and smart automation to help global business clients update their old systems.
• Money and value: Backed by its parent company, Infosys, which is worth $47.5 billion and reported total revenue of over ₹1,59,000 crore for FY26.
• Recent moves: Used worldwide across heavy industry, banking, and retail, Infosys Topaz has moved from small test projects to large, full-scale IT upgrade projects.

23. TCS AI

• Overview: TCS AI is the dedicated AI division of Tata Consultancy Services, India’s largest IT company.
• What it offers: Focuses on building custom software, automated workflows, and digital assistant systems for large businesses.
• Money and value: Backed by its parent company’s value of ₹7.82 lakh crore, TCS AI works with a wide range of clients around the world.
• Recent moves: Even with some market pressure from OpenAI’s new Deployment Company launched in mid-2026, TCS AI has still won multimillion-euro deals, including a major digital upgrade contract with Canada Life.

24. Wipro AI

• Overview: Wipro AI is the AI and technology consulting division of Wipro Limited, based in Bengaluru.
• What it offers: Adds chatbot and generative AI tools into older banking, retail, and healthcare software systems.
• Money and value: Backed by Wipro’s global revenue of ₹92,620 crore for the year ending March 31, 2026. The parent company is worth ₹2.05 lakh crore.
• Recent moves: Its engineering teams focus on adding smart automation to improve efficiency for global Fortune 500 clients.

25. HCLTech AI

• Overview: HCLTech AI is the advanced engineering and cloud services arm of HCL Technologies, based in Noida, one of India’s top five IT services companies.
• What it offers: Provides custom on-site cloud infrastructure, product engineering, and business automation software.
• Money and value: Backed by its parent company’s value of ₹3.01 lakh crore and a large global client base.
• Recent moves: HCLTech AI led Sarvam AI’s major Series B funding round with a ₹150 crore investment, and the two companies are working together to build India-based, multilingual AI platforms for business clients.

Rising Stars: More AI Companies to Watch (Ranks 26–50)

Besides the big, multi-billion-dollar tech giants, many young startups are building practical AI products made for Indian consumers and specific business needs.

Voice and Language AI for Everyday Users

These startups build voice-based tools for India’s huge smartphone user base, since people in smaller towns often prefer speaking over typing.

• Equal AI (Rank 26): Raised $30 million from Prosus to build smart call assistants that block spam calls and manage your calendar. It reached 1 million active monthly users in just eight months.
• Wysa (Rank 27): A mental health app, tested and approved by doctors, that has had over half a billion chat conversations across 95 countries to give people support whenever they need it.
• Vitra.ai (Rank 48): Built software that automatically translates marketing videos into more than 15 Indian languages.

AI Tools for Specific Industries

These companies go beyond simple chatbots and build serious AI tools for specific industries.

• Boba Bhai (Rank 28): A bubble tea brand that uses AI to predict and manage daily ingredient supplies across more than 90 stores. It reported ₹30 crore in revenue for FY25.
• Zelio (Rank 30): A logistics and IoT company that raised ₹78.34 crore through a small-business stock market listing to expand its automatic vehicle-tracking systems. It reported ₹134.78 crore in revenue for the first half of FY26.
• Affle 3i Ltd (Rank 31): Runs a profitable, debt-free mobile advertising platform. It reported ₹714.77 crore in revenue for the fourth quarter of FY25.
• OFSS (Rank 32): A large financial software company that reported ₹1,965.9 crore in revenue for the third quarter of FY26, offering secure banking software through its parent company’s cloud systems.
• L&T Technology Services (Rank 33): Recorded revenue of ₹2,923.5 crore in the third quarter of FY26, investing in AI platforms that automate heavy manufacturing.
• Bosch Ltd (Rank 34): Approved a ₹9,068 crore deal to fully acquire Bosch Chassis Systems India, aiming to build computer vision directly into car braking systems.

Custom AI Builders and Workflow Experts

Small developer firms and tech consultancies help traditional businesses move from small AI test projects to fully working AI systems.

• Oranjemantra (Rank 36), Quytech (Rank 37), Maruti Techlabs (Rank 39), Successive Digital (Rank 42), and Kellton (Rank 43): These companies build secure AI agent systems and custom search tools. Kellton won awards for its KAI platform, which automates complex office tasks inside SAP and Salesforce.
• Digital Is Simple (Rank 40) and Gen AI India (Rank 41): These small developers make sure clients own their AI models, so companies can run custom software on their own servers without being locked into one provider.
• Minus Zero (Rank 44): Builds self-driving car systems that rely only on cameras, avoiding the need for expensive sensors on Indian roads.
• Karya (Rank 45): Built fair, ethical data-collection networks, paying rural workers fair wages to create regional language datasets used to train AI models.

Tools and Communities That Support the AI Industry

These platforms build the developer tools, security systems, and communities that support the wider tech industry.

• Sonatic (Rank 29): Led by 22-year-old college dropout Kinjal Nandy, this San Francisco-based research lab raised early funding at a ₹191 crore valuation to build adaptive AI work assistants.
• Goodmeetings (Rank 46), Hiresure.ai (Rank 47), Nintee (Rank 49), and MachineHack (Rank 50): These companies support technical teams in different ways. MachineHack runs a large developer community, hosting over 100,000 data scientists through AI competitions.

Big Trends Shaping India’s AI Market

Keeping Data in India

Indian businesses and government agencies are putting a high priority on keeping their data inside India. Worries about data privacy are pushing companies away from generic AI models hosted abroad. Indian cloud providers like Yotta, E2E, and Krutrim are taking advantage of this by offering cloud services that keep sensitive government and company data within India’s borders.

The Race to Build Computing Power

The main competition in AI has shifted to physical computing power. Startups and businesses are increasingly renting AI chips from local data centers instead of relying on expensive Western cloud services priced in dollars. Neysa’s huge $1.2 billion funding round, backed by Blackstone, to set up over 20,000 AI chips in local data centers, is a clear example of this trend.

The Shift to AI Agents

The days of launching simple chatbots are over, as shown by Gupshup’s value dropping by 80% in early 2026. The market now rewards “agentic” AI — systems made up of multiple AI agents that can run complex business processes, connect directly with older company software, and get real work done without constant human supervision.

A Note About This Report

The rankings, ratings, and company profiles in this article are based on independent research by Business Outreach, using publicly available financial statements, regulatory filings, industry news, and our own analysis at the time of writing. Being included, left out, or given a certain rank in this list does not mean we are endorsing a company or giving financial or investment advice. Readers and business buyers should do their own research before investing money or signing any business agreements.