Top Artificial Intelligence Stocks in India

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Artificial Intelligence (AI) has rapidly emerged as one of the most promising sectors, simulating human cognitive abilities. The integration of AI technologies such as Machine Learning (ML), Natural Language Processing (NLP), and Computer Vision has led to the creation of intelligent systems capable of analyzing vast datasets, automating routine tasks, and making informed decisions. As the fastest-growing economy with a large population, India plays a pivotal role in the AI revolution. In this article, we will delve into the top Artificial Intelligence stocks in India.

Top artificial intelligence Stocks in India

According to market research estimates, India’s AI market size was pegged at USD 6.26 billion in 2024. During the forecast period between 2024 and 2030, the size of India’s AI market is projected to grow at a robust CAGR of 28.63% reaching a value of USD 28.36 billion by 2030.

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What is Artificial Intelligence (AI)?

Artificial Intelligence (AI) encompasses the capacity of machines to execute tasks that generally necessitate human intelligence, such as understanding speech, making decisions, and learning from experiences. By creating sophisticated algorithms and computer programs, organizations can analyze vast datasets to uncover trends and insights that might escape human scrutiny.

The widespread impact of AI is transforming business operations and the nature of services provided. Innovations like chatbots and autonomous vehicles are improving the efficiency and convenience of everyday life. Consequently, investing in leading artificial intelligence stocks in India offers promising growth opportunities.

Top AI Stocks in India

Let’s take a closer look at the leading AI stocks in India, ranked by their Market Capitalization:

Company NameMarket Cap (cr.)P/E Ratio5 Year Sales CAGR (%)Up/Down from 7 Jun 2024 (%)
Bosch Ltd107,15049.406.7218.53
Oracle Financial Services Softwar105,95532.805.1549.73
Persistent Systems97,47652.7023.9072.17
Tata Elxsi45,75356.1052.806.17
Cyient22,93328.509.1315.52
Affle India25,46357.2049.2057.41
Zensar Technologies18,27423.404.3320.49
Happiest Minds Technologies11,35958.0022.40(7.48)
Saksoft3,05929.3016.3021.60
Kellton Tech Solutions1,60315.003.8472.21

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#1 Oracle Financial Services Software: First Choice From the Best AI Stocks in India

Oracle Financial Services Software

Oracle Financial Services Software is recognized as one of the best AI based stocks in India, offering IT solutions and business processing services specifically for the financial sector. The company leverages advanced technologies such as blockchain, artificial intelligence, and machine learning to enhance the responsiveness, agility, collaboration, and insights of financial institutions.

Recently, Oracle introduced new AI capabilities within the Oracle Fusion Cloud Applications Suite, featuring over 50 AI agents that optimize various business functions including finance and HR. Additionally, the launch of the Compliance Agent, an AI-powered cloud service, helps banks mitigate anti-money laundering (AML) risks by enabling cost-effective scenario testing for transaction monitoring.

#2 Bosch Ltd: A Top Pick Among the Best AI Stocks in India

Bosch Ltd

Bosch, while not typically associated with AI, has strategically embraced this technology to enhance its operations and product offerings. As a major manufacturer of electronics and white goods, Bosch has integrated AI since 2017 across various areas, including engineering, production, supply chain management, and electric vehicles. The company aims to fully incorporate AI into all its products by 2025 and is on track to achieve this goal ahead of schedule. With over a thousand AI-related patents and a dedicated team of more than 300 researchers, Bosch is exploring numerous applications for AI. 

#3 Persistent Systems Limited: One of the Premier AI based Stocks in India

Persistent Systems

Persistent Systems, based in Pune, is a key partner for companies seeking software engineering and strategy services to modernize their operations. The company provides a suite of software and frameworks with pre-built integration and acceleration features, specializing in secure Generative AI solutions in collaboration with major tech giants like AWS, Microsoft, and Google.

Recently, Persistent launched SASVA 2.0, an AI-powered platform that integrates generative and deterministic AI capabilities to streamline the software development lifecycle. Additionally, the company has formed a long-term strategic partnership with Google Cloud to accelerate digital transformation across regions such as the US, India, UK, and Australia.

With its platform-agnostic suite of Generative AI solutions, Persistent Systems promotes the safe adoption of these technologies for enterprises while ensuring data security and intellectual property protection. The company continues to enhance its offerings for sectors like BFSI, healthcare, and telecommunications, solidifying its position in AI innovation.

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#4 Tata Elxsi

Tata Elxsi

Tata Elxsi, based in Bengaluru, has been a key player in the AI sector for over 25 years, establishing itself as one of the top AI based stocks in India. The company develops innovative solutions across various applications, including video analytics and autonomous vehicles. A notable product is the Cognitive Video Services Framework, which supports new revenue models and automated content analysis.

Recently, Tata Elxsi launched Coalesce, an XR platform powered by Qualcomm’s Snapdragon Spaces XR platform, aimed at enhancing industries like automotive and manufacturing through digital twins and remote collaboration. The platform facilitates immersive design reviews and training, reducing reliance on physical prototypes.

Additionally, Tata Elxsi provides solutions for OTT platforms, including video summaries, scene recognition, automatic subtitle generation, and content metrics for ad analytics. With a commitment to cutting-edge technology, Tata Elxsi continues to lead in AI innovation in India.

#5 Affle India

Affle India Limited

Incorporated in 1994, Affle is a global technology company known for its proprietary consumer intelligence platform that transforms ads into personalized recommendations. This platform empowers marketers to effectively identify, engage, acquire, and drive transactions with potential and existing users. By leveraging artificial intelligence (AI) and machine learning (ML), Affle enhances user conversions across connected devices and excels in audience segmentation and predictive modelling, particularly in fintech and online transactions.

Affle has filed 15 new patents in India related to advanced AI topics, including automated AI agents and enhanced fraud detection. With a strong focus on driving digital transformation through innovative technologies, Affle continues to establish itself as a leader in the advertising technology space and one of the best AI stocks in India.

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#6 Cyient Limited

Cyient Ltd

Cyient operates primarily as an outsourcing company specializing in engineering, industrial products, data and network operations, and product realization. The company has made substantial investments in Digital Engineering, focusing on AI, machine learning (ML), and cloud computing. Key products include CyFAST, an AI-powered test automation platform that reduces time-to-market, and CyARC, which helps regulatory experts achieve a 40% reduction in time and costs through AI technology.

Recently, Cyient acquired a 27.3% stake in Azimuth AI, a fabless custom ASIC firm, for USD 7.25 million, marking a significant step in its semiconductor journey. Additionally, Cyient is collaborating with Accenture to enhance its digital transformation initiatives through advanced technologies like AI and robotic process automation. These efforts underscore Cyient’s commitment to innovation and its position as a leader in the engineering and technology sectors.

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#7 Zensar Technologies

Zensar technologies

Zensar Technologies, which entered the artificial intelligence (AI) field in August 2019, has developed deep learning-based solutions for industries including BFSI (Banking, Financial Services, and Insurance), retail, and manufacturing. The company utilizes AI in data engineering, analytics, and demand forecasting based on historical sales and real-world data. A notable innovation is its solution that combines AI with Geographic Information Systems (GIS) to identify potential excavation hazards and prevent accidents.

Recently, Zensar launched two new accelerators: AI Engineering Buddy and Accelerated Generative AI Services, designed to help enterprises adopt generative AI responsibly and at scale. The company’s R&D division, Zensar AIRLabs, has filed for over 100 patents in the past two years, focusing on various AI applications.

Additionally, Zensar is investing in blockchain, IoT (Internet of Things), new and exponential technologies (NeXT), and natural language processing. With a strong commitment to innovation and transformative technologies, Zensar Technologies is positioned to make significant advancements in the digital landscape.

#8 Happiest Minds Technologies

Happiest Minds

Incorporated in 2011, Happiest Minds Technologies is a next-generation IT solutions and services company offering expertise in Digital Transformation, Enterprise Solutions, Product Engineering, Infrastructure Management, Security, Testing, and Consulting.

The company provides advanced analytics and AI solutions that utilize artificial intelligence, machine learning, and statistical models. Its offerings include big data platform engineering, data warehousing for actionable insights, and process automation. Key products feature Video Analytics, Audio Classification, Damage Detection, and Video Highlights Generation.

Recently, Happiest Minds launched WATCH360, an AI-driven managed service for IT infrastructure management, and partnered with MindSculpt Analytics to develop advanced medical diagnostic solutions. With a strong focus on innovation in analytics and AI, Happiest Minds is positioned as one of the top AI stocks in India.

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#9 Saksoft

Saksoft Limited

Saksoft, established in 1999, specializes in providing business intelligence and information management solutions primarily to mid-tier companies in the USA and UK. As a leading Digital Transformation Solution Partner, the company offers a wide range of services, including application development, testing, quality control, cloud-based solutions, mobility, Internet of Things (IoT), Information Management (IM), and Business Intelligence (BI).

Recently, Saksoft has focused on artificial intelligence (AI) and machine learning (ML), providing advanced AI solutions that enable businesses to become data-driven. Their offerings include intelligent automation, predictive analytics, and generative AI technologies tailored for industries such as healthcare and finance. With a commitment to innovation and a client-centric approach, Saksoft is established as one of the best AI stocks in India in the AI landscape and digital transformation sector.

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#10 Kellton Tech Solutions

Kellton tech

Kellton Tech Solutions excels in digital transformation, ERP, and other IT services, catering to clients’ digital needs through different platforms. The company’s diverse services cover agile software development, digital commerce & marketing, digital integration, outsourced product development, platform modernization, professional services, technology consulting, testing & automation, among others.

In conclusion, India’s AI market is projected to experience substantial growth in the coming years. Investing in the top Artificial Intelligence stocks in India offers an excellent opportunity for investors to participate in this promising technological revolution. These top AI based stocks in India, with their relentless focus on innovation and cutting-edge AI solutions, are well-positioned to thrive in the evolving AI landscape.

FAQs on AI based Stocks in India

What is Artificial Intelligence (AI) and how is it reshaping industries?

AI can perform tasks that typically require human intelligence, such as speech recognition and decision-making. Additionally, the technology enhances convenience and effectiveness through innovations like chatbots and self-driving vehicles.

Which are the Top Artificial Intelligence Stocks in India?

Best AI based stocks in India include Bosch Ltd, Tata Elxsi, Persistent Systems Limited, Oracle Financial Services Software Ltd, and Cyient Limited.

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