AI Stocks in India

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AI STOCKS IN INDIA
The world is changing at an unprecedented rate
and most of these changes can be attributed to
the rapid technological progress being made by
humans. Progress in the fields of Artificial
Intelligence and Machine Learning has been
crucial for making our lives more convenient and
better. In order to keep up with this
technological progress, the Indian government has
increased its investment in Digital India to
boost Artificial Intelligence, big data, IoT,
machine learning, robotics, and cyber security.
This has made it lucrative for investors and
analysts to look toward the top AI stocks in
India for investments.
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What is Artificial Intelligence? What are its
applications?
Artificial Intelligence is a system that is
capable of performing tasks much faster and with
greater accuracy without human intervention.
These AI systems are smarter than the average
human and can take decisions on their behalf,
eliminating human error and saving time and
money. The use of these systems in businesses
can increase their efficiency and lead to higher
profitability. While AI might sound like a
futuristic concept, we are already living in a
world where AI is being used widely for various
functions. Some examples of AI applications in
our day-to-day life are Siri, Google Assistants,
Alexa, conversational bots, self-driving cars,
email spam filters, Robo-advisors, OTT platform
recommendations, drones, Metaverse equipment,
etc. Furthermore, AI is also being used in
healthcare systems, education, financial
services, entertainment, etc. Currently, Japan
is the biggest robot manufacturer in the world
with a robot export ratio that rose to 78 in
2020, with the USA being the biggest importer.
The US government has committed nearly 6 Billion
Dollars to Artificial Intelligence research and
development projects in 2021. European countries
are all set to increase their spending on
artificial intelligence by 33 between 2020 and
2023. The Indian Government aims to employ AI
and robotics technology for biometric
identification, traffic and crowd management,
criminal investigations, digital agriculture,
strengthening defence, womens safety, etc. The
aim is to make e- education, e-health and
e-banking more accessible to all citizens of the
country.
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List of 10 Top AI Stocks in India
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Tata EIxsi Ltd Tata Elxsi Ltd. is among the top
AI companies in India since it has been working
in this field for the last 25 years or so. It
has created unique solutions and systems for
numerous applications that range from video
analytics to self- driving cars. Cognitive Video
Services Framework is one of the biggest AI
systems offered by Tata Elxsi. It helps in
suggesting new revenue models, personalizing
content for users, automating the content
analysis, etc. Tata Elxsi also offers solutions
like video summaries, scene and actor
recognition, automatic subtitle generation,
filtering objectionable content, and content
metrics for Ad Analytics for OTT platforms. It
has also been working on IoT (Internet of
Things) enabled products and services as well as
on Metaverse. Bosch Ltd. Bosch Ltd., 2017,
started developing Artificial Intelligence
solutions for its various products services.
Being a market leader in automotive and
industrial technology, Bosch applies its AI
solutions to manufacturing, supply chain
management, engineering, and electric vehicles.
Its AI strategies have been implemented in more
than 185 projects across India, Israel, the US,
China, and Germany. It conducts AI research on
real-time data collected from various business
departments. Bosch has declared that all of its
products will be manufactured with AI or use AI
by the year 2025. Oracle Financial Services
Software Ltd. Oracle Financial Services Software
Ltd. has built Artificial Intelligence and
data-driven cloud applications. These are used
for improving customer experience and saving time
and money through accelerated processing. In the
finance field, these AI applications can be used
to optimize cash flows, automate payables and
receivables, and manage procurement and
inventory. It also helps sales personnel to
recognize opportunities with the highest
probabilities. It enhances HR operations by
assessing the quality of prospective candidates
and improving employee engagement. Human error is
minimized by using AI across different
departments of the business.
Persistent Systems Ltd.
Persistent Systems Ltd. was founded in Pune in
1993 and offers scalable and secure mobile
networking capability to its clients. The
company makes use of Artificial Intelligence to
aid businesses in improving and scaling their
operations, designing platform architecture and
prioritizing cases. Modern Wave Relay MANET
technology is used for this purpose. The
company has shown good financial performance and
is a lucrative investment in the AI Industry.
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Affle India Ltd. Affle India Ltd. was founded in
2006 and is a global technology company that
focuses on providing end-to-end solutions
through AI for App Marketing. They help with
consumer acquisition, engagement, and
transactions through relevant mobile
advertisements. Marketing attribution,
transactional data, and behavioural signals
collected through user data are analysed by the
AI to predict users interests. This helps them
to direct ads to the relevant target audience and
to elevate ad content and user experience. Affle
holds patents related to voice-based
intelligence, digital advertising, and fraud
detection. Happiest Minds Technologies
Ltd. Happiest Minds Technologies Ltd. provides
data mining, predictive analysis, deep learning,
and statistical modelling solutions. It is the
top ai stocks in India that made large
investments in Artificial Intelligence and
machine learning. It is the market leader in
video analytics and processing with expertise in
image tagging, person tracking, face detection,
and object identification. It uses Artificial
Intelligence for video analytics, image
analytics, language processing, AR (Augmented
Reality) and VR (Virtual Reality). Besides
Artificial Intelligence, it also offers services
related to IoT (Internet of Things), cloud,
blockchain robotics/drones, etc. It was listed on
the stock exchange in September 2020.
Cyient Ltd.
Cyient Ltd. is outsourcing, manufacturing,
engineering, data analytics, and technology
solutions company founded in 1991. They provide
Artificial Intelligence Tools to their clients
and assist them in achieving their goals. It was
previously known as Infotech Enterprises. Its
revenues come from critical sectors including
defence, aerospace, utilities, and
communications. It does collaborative work with
digital map developers to tackle real-world
problems in the automotive sector and to make
self-driven vehicles smarter and safer. AI-based
navigation helpers developed by Cyient aid
autonomous vehicles to avoid collisions by
detecting changes in the environment and updating
maps in real-time.
Zensar Technologies Ltd.
Zensar Technologies Ltd. first ventured into the
Artificial Intelligence space in August 2019. It
launched platforms for value creation for
customers in seven core areas marketing, sales,
IT, human resources, talent supply chain,
programs, projects, and collaboration. It has
developed deep learning-based solutions for the
manufacturing, retail, and BFSI sectors. Its AI
carries out better demand forecasting for
products by using real-world data and historical
sales data. The company is investing in natural
language processing, IoT (Internet of Things),
new and exponential technology (NeXT), and
blockchain. Zensar AIRLabs, the companys RD
division, has filed for a hundred patents in the
last two years.
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Saksoft Ltd. Saksoft Ltd., an information
technology company founded in 1999, provides
digital transformation solutions in the Asia
Pacific, USA, and Europe. The company offers
services in software product engineering, quality
assessment, testing, support, advisory and
consulting, training, and extended software
delivery facility. It serves FinTech,
telecommunication, public, retail, healthcare,
e-commerce, and logistics and transportation
sectors. It provides intelligent automation
solutions, including data analytics, robotics
process automation, machine learning/artificial
intelligence, IoT (Internet of Things), and test
automation modernization solutions, such as
cloud enablement, architecture design, and
application integration and managed analytics
solutions comprising data science and
reporting/scripting solutions. Furthermore, the
company offers managed infrastructure solutions,
such as cloud support services, IT infrastructure
operations, IT infrastructure monitoring
operations, application and DB operations, and
consulting and implementations. Kellton Tech
Solutions Ltd. Kellton Tech Solutions Ltd. is a
small cap artificial intelligence company. It
focuses on digital commerce and marketing,
digital transformation, technology consulting and
testing, software development, platform and
product development, ERP, etc. It operates in
India, Asia Pacific, the US, and Europe. The
company has developed platforms to help clients
with their digital transformation. Kellton Tech
serves clients ranging from startups to Fortune
500 companies across various sectors. The key
startups it has been associated with include
Snapdeal, Flipkart, Yebhi, Jabong, Paytm,
PolicyBazaar, and MakeMyTrip. Above we have
listed the top AI companies to invest in. These
are lucrative for investors that wish to make
investments in the technology of the future. The
AI and robotics sector in India is expected to
skyrocket to USD 957 Billion by the year 2035.
This would be equivalent to nearly 15 of Indias
GDP in 2035. Investing in the top AI stocks in
India is the logical step for anyone looking to
grow their wealth.
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