Artificial Intelligence (AI) is no longer a science fiction concept. It’s already here, and it’s all around us.
Artificial intelligence has infiltrated every facet of our existence. Every single one of us is currently utilizing this technology in some way. It’s everywhere, from personal digital assistants like Siri, Google Assistant, and Alexa to self-driving cars. In fast-growing industries including healthcare, banking, e-commerce, and manufacturing, the use is growing daily.
Additionally, companies like Swiggy and Zomato, which have substantially invested in AI in recent years, have shown the power of technology to both sustain and enhance growth.
According to an Accenture analysis, AI has the potential to account for 15% of India’s current gross value in 2035, or US$957 billion. AI will change the way we live and work in the next years. Investor interest in AI stocks has risen in tandem with the rise in demand for AI technologies.
The following is a list of the top Indian companies in the Indian stock market that are working on AI
It is one of India’s top 20 software exporters. Coforge is a software development firm that offers end-to-end solutions and services. The company was founded in April 2003 and was previously known as NIIT Technologies. Deep learning, machine learning, multi-currency, multi-lingual, multi-channel experience, image recognition, robotic process automation (RPA), natural language processing (NLP), and workflow automation are all available.
2. Happiest Minds Technologies
Happiest Minds is an IT consulting and services firm that was founded in 2011. The company works on disruptive technologies such as artificial intelligence, cloud, internet of things (IoT), blockchain, robotics/drones, virtual reality, and other services. In September 2020, the firm was listed on the stock exchange.
Saksoft is a leading provider of information management solutions to successful companies around the world. The company is a mid-sized IT company and provides end-to-end business solutions that leverage technology and enables their clients to enhance business performance. The company has delivered good profit growth of 20.1% compound annual growth rate (CAGR) over last 5 years. Saksoft shares are trading at ₹913 on the BSE.
4. Tata Elxsi
Founded in 1989, Tata Elxsi is a part of the Tata Group and performs in the midcap range in the stock market. Today Tata Elxsi is one of the leading providers of design and technology services in various industries. These include automotive, broadcasting, communication, healthcare, and transportation. It allows its customers to use cloud-based integrated data analytics frameworks that feature patent-pending technology to get actionable insights and outstanding returns.
5. Persistent Systems
Persistent Systems offers a secure and scalable mobile networking capability based on its cutting-edge Wave Relay MANET technology. Persistent’s products provide a total solution consisting of voice, video, and situational awareness to mobile users with no reliance on fixed infrastructure.