As the business landscape changes, AI is undoubtedly playing an increasingly crucial role in every industrial vertical. It has the ability to replicate human interaction and demonstrate human-like talents. Today, India’s best AI businesses offer innovative and powerful AI algorithms, as well as faster and more dependable solutions, all at cheap prices. Businesses all across the world are taking advantage of AI’s benefits, but only to improve operations or automate workflow.
1. Tata Elxsi
Tata Elxsi has been a catalyst for technological developments for the past 25 years. It covers a wide range of AI and analytics-enabled innovations, from self-driving cars to video analytics solutions. The Artificial Intelligence Centre of Excellence (AI CoE) at Tata Elxsi is designed to meet the growing demand for intelligent systems. Customers may quickly adapt and adjust the landscape utilising the company’s cloud-based integrated data analytics frameworks, which include patent-pending technologies, to gain actionable insights and better results. The stock returned 174.89 percent over three years, while the Nifty IT gave investors a 106.55 percent return. The corporation spent less than 1% of its operating revenues on interest charges and 56.1 percent on employee expenditures in the fiscal year ending March 31, 2021.
The Bosch Center for Artificial Intelligence (BCAI) was established in 2017 with the goal of incorporating cutting-edge AI technology into Bosch products and services, resulting in novel solutions. Bosch laid the technological foundation for AI to have a practical application. Its research generates difference in six areas by combining data from all of Bosch’s disciplines and focusing on fundamental AI technologies. In the last 16 years, only 1.08 percent of trading sessions witnessed intraday declines of more over 5%. Over a three-year period, the stock returned a negative -15.94 percent, compared to 44.16 percent for the Nifty 100 index.
3. Kellton Tech
Kellton Tech Solutions is an information technology and outsourcing firm established in Hyderabad, India, with offices in the United States and Europe. The company earned net revenues of Rs. 7.39 billion with around 1400 employees. Kellton Tech develops cutting-edge, laser-focused AI solutions for problems that have previously required a lot of human intelligence, such as machine learning and deep learning. The stock returned 40.86 percent over three years, while the Nifty IT returned 106.55 percent to investors. Kellton Tech Solutions Ltd., which was incorporated in 1993 and has a market valuation of Rs 712.75 crore, is a small-cap company in the IT software sector.
4. Happiest Minds
The Most Joyful Minds At Happiest Minds, we blend augmented intelligence with natural language processing, image analytics, video analytics, and emerging technologies like AR and VR to help enterprises create engaging consumer experiences and outperform the competition. Happiest Minds envisions and develops the next generation of intelligent systems that can think, learn, create, and make decisions in the same way that humans do. The company’s ROE for the fiscal year ending March 31, 2021 was 29.62 percent, exceeding its five-year average of 23.07 percent. Happiest Minds Technologies Ltd., a large-cap company in the IT software sector with a market valuation of Rs 13,507.78 crore, was created in 2011.
5. Zensar Technologies
Zensar Technologies is putting their faith in AI (AI). The company’s marketing approach is shifting away from internet and toward disruptive artificial intelligence. The company’s R&D department, Zensar AIRLabs, has filed over 100 patents in the last few years and is now solely focused on AI. Last week, Zensar introduced the first set of platforms to assist businesses create value in seven important areas, including sales, marketing, IT, talent supply chain, HR, collaboration, projects, and programmes. Nifty IT Stock returned 15.63 percent over three years, compared to Nifty IT, which returned 106.55 percent to investors. Rather from simply providing new tools and technologies, Cyient aids businesses in attaining their goals. AI can detect changes in the actual world and update maps in real time for self-driving automobiles. These navigation aids can assist autonomous cars in completely perceiving their surroundings and taking the necessary actions to prevent crashes. It helps firms achieve their objectives rather than simply delivering new tools and technologies. The stock returned 24.4 percent over three years, while the Nifty IT returned 106.55 percent to investors.
6. Persistent Systems
Systems That Are Consistent With solutions that help at every stage of AI and machine learning development, Persistent makes AI and machine learning ambitions a reality. Our solutions ensure that you get the most out of your AI and ML investments by using a process that helps you select use cases, create platform architecture, scale model development, and operationalize models across the enterprise. The company’s three-year CAGR of 10.75 percent was surpassed by annual sales growth of 16.16 percent. The stock returned 208.41 percent over three years, compared to 106.55 percent for the Nifty IT.
Saksoft uses the key combination of Artificial Intelligence and automation to help customers achieve transformational changes through intelligent judgments, better efficiency and productivity, enhanced customer experience, and service innovation. Saksoft uses automation and current technologies like RPA, machine learning, IoT, and artificial intelligence to speed digital transformation and use intelligent automation to solve business problems. Saksoft shares returned 118.06 percent over three years, while the Nifty IT gave investors a 106.55 percent return.
8. Oracle Financials
Financials from Oracle Oracle can help you integrate AI into your business and IT processes. You can speed up automation, reduce human errors, and gain more business insights using Oracle Cloud applications and platform, as well as Oracle Autonomous Database, all of which run on Oracle’s Gen 2 Cloud. In the last 16 years, just 2.35 percent of trading sessions saw intraday gains of more over 5%. Over three years, the stock returned -11.82 percent, compared to 44.16 percent for the Nifty 100.
Affle is a multinational technology firm that specialises in providing end-to-end App Marketing services. The company’s two major segments are consumer platform and enterprise platform. Affle’s Consumer Platform is a proprietary consumer intelligence platform that drives consumer acquisitions, interactions, and transactions through appropriate mobile advertising.
Potential year of AI
2022 is finally here, and it could be the year that artificial intelligence brings great wealth to India. There are many Indian companies that are investing in artificial intelligence, and these companies could see a massive boom in their stock prices in 2022. These companies have already begun to have promising results and have been able to show growth in their stocks. If you are looking to invest in the AI industry, then you should consider these top Indian companies that are focusing on AI. We hope our article on the top AI stocks in India helps you get a good return on your investment.