Artificial intelligence, or AI, is like smart technology that can think and learn on its own. In India, many companies are using AI to make things better. Some of these companies are doing really well in the stock market. Let’s learn more about Artificial Intelligence Stocks in India in simple words.

What are AI Stocks in India?

AI stocks in India refer to shares of companies that are actively involved in the development, implementation, or utilization of artificial intelligence (AI) technologies within their businesses. These companies typically leverage AI to improve efficiency, enhance decision-making processes, and drive innovation across various sectors. Some prominent AI stocks in India include:

• Persistent Systems
• Happiest Minds Technologies
• Zensar Technologies
• Tata Elxsi
• Saksoft
• Kellton
• L&T Technology Services
• RateGain
• Wipro
• Ksolves India
• KPIT Technologies

Best Artificial Intelligence Stocks in India

1. Persistent Systems:

Persistent Systems is an Indian multinational technology services company which was incorporated on 16 May 1990. Persistent Systems is listed on the Bombay Stock Exchange and the National Stock Exchange. Shares in the company were listed on the National Stock Exchange of India in March 2010.

• CEO: Sandeep Kalra (23 Oct 2020–)
• Founded: 1990
• Founder: Anand Deshpande
• Headquarters: Pune
• Number of employees: 19,548 (2023)
• Revenue: 8,350 crores INR (FY23, US$1.0 billion)
• Stock price: 8682.20

2. Happiest Minds Technologies

Happiest Minds Technologies Limited is an India-based digital transformation information technology (IT) consulting and services company. The Company’s segments include Infrastructure Management & Security Services (IMSS), Digital Business Solutions (DBS) and Product Engineering Services (PES).

Happiest Minds Technologies Limited provides information technology services. The Company offers bigdata analytics, cloud computing, networking, engineering, digital solutions, infrastructure, and other managed support services. Happiest Minds Technologies serves customers worldwide.

• Subsidiaries: Sri Mookambika Infosolutions Private Limited
• Founder: Ashok Soota
• Founded: 30 March 2011
• Headquarters: India
• Stock price: HAPPSTMNDS (NSE) ₹849.35 +26.85 (+3.26%)

3. Zensar Technologies

Zensar Technologies Limited is an Indian Multinational publicly traded software and services company. The company’s stock trades on the Bombay Stock Exchange and on the National Stock Exchange of India. A subsidiary of RPG Group, the company’s chairman is Harsh Goenka

Is Zensar Technologies a good company to work for? Zensar Technologies has an overall rating of 4.0 out of 5, based on over 4,709 reviews left anonymously by employees. 80% of employees would recommend working at Zensar Technologies to a friend and 78% have a positive outlook for the business.

• CEO: Manish Tandon (23 Jan 2023–)
• Subsidiaries: M3bi India Pvt. Ltd., Indigo Slate, Inc.
• Parent organization: RPG Group
• Revenue: 56.94 crores USD (March’22)
• Number of employees: 11000+ (2022)
• Founded: 1991, Pune
• Headquarters: Pune
• Stock price: 532.85 INR

4. Tata Elxsi

Tata Elxsi is a leading design and technology services provider for Automotive, Broadcast, Communications, Healthcare, and Transportation.

At Tata Elxsi we work closely with customers – right from advanced R&D in new technology and system architecture exploration to actual development, validation, and deployment. This includes emerging technologies such as IoT (Internet of Things), cloud, smart mobility, and artificial intelligence.

• CEO: Manoj Raghavan
• Subsidiaries: Tata Elxsi (Singapore) Pte. Ltd
• Parent organization: TATA GROUP
• Founded: March 1989, Bengaluru
• Number of employees: 5,001 to 10,000 employees
• Stock Price: 7865.30

5. Saksoft

Saksoft helps organisations Enhance Customer Experience with Industry-focused digital transformation solutions.

• CEO: Aditya Krishna
• Subsidiaries: ACUMA SOLUTIONS LIMITED
• Headquarters: Chennai
• Founded: 1999
• Stock price: SAKSOFT (NSE) ₹278.50 +3.50 (+1.27%)

6. Kellton

Kellton Tech Solutions Ltd. is an Indian information technology and outsourcing company headquartered in Hyderabad, India with offices in United States and Europe. The company reported net revenues of Rs. 7.39 billion with more than 1800 employees

• Stock price: KELLTONTEC (NSE) ₹100.90 +2.80 (+2.85%)
• Subsidiaries: Kellton Tech, Inc., ProSoft Group, Inc., Tivix, Inc.
• Number of employees: 1,800
• Founded: 2009
• Headquarters: India
• Stock price:100 INR.

7. L&T Technology Services

L&T Technology Services is an Indian multinational technology company that provides engineering research and development services, headquartered in Vadodara

• Subsidiaries: Graphene Semiconductor Services Pvt. Ltd.
• Headquarters: Vadodara
• CEO: Amit Chadha (1 Apr 2021–)
• Parent organization: Larsen & Toubro
• Founded: 14 June 2012
• Number of employees: 23,000+ (2023)
• Stock price: 5506 INR

8. RateGain

RateGain is one of the most trusted SaaS company providing hotel software for commercial teams in hotels to solve their digital marketing, guest engagement.

RateGain Technologies Limited is a Great Place to Work-Certified™ organization. Great Place to Work® Certification is recognized world over by employees and employers alike and is considered the ‘Gold Standard’ in identifying and recognizing Great Workplace Cultures.

• Subsidiaries: Founder: Bhanu Chopra
• Subsidiaries: Rategain Technologies Limited, DHISCO, Inc., BCV Social LLC
• Founded: 2004
• Headquarters: India
• Stock price: 815.35INR

9. Wipro

Wipro is an Indian multinational corporation that provides information technology, consultant and business process services. It is one of the leading Big Tech companies.

• Founder: M.H. Hasham Premji
• Owner: Azim Premji
• CEO: Thierry Delaporte (6 Jul 2020–)
• Headquarters: Bengaluru
• Number of employees: 2,40,000
• Founded: 29 December 1945, India
• Stock price: WIPRO (NSE) ₹536.35 +5.30 (+1.00%)
• Formerly: Western India Vegetable Products Limited (1945-1977); Wipro Products Limited (1977-1982)

10. KPIT Technologies

KPIT Technologies Limited is an Indian multinational corporation which provides embedded software and product engineering services to automotive companies. Popularly known as KPIT, the company is headquartered in Pune and has development centers in Europe, USA, Japan, and China, apart from India.

• Subsidiaries: PathPartner Technology Pvt.Ltd.,
• Founder: Ravi Pandit
• Headquarters: Pune
• Founded: 1990
• Formerly: KPIT Cummins Infosystems Ltd
• Number of employees: 10,000+ (as of October 2022)
• Stock price: 1,585.95 INR

Why Invest in Open AI Stock Industry in India?

Buying AI stocks is a way to make money from a technology that is changing many industries. The global market for AI is expected to be worth $2.6 trillion by 2032.

Best Artificial Intelligence Stocks in India 2024

Tata Consultancy Services (TCS):

TCS is a big company that helps other companies with their computer and technology needs. They have a special team that works on making computers and machines learn and think like humans. They use this technology to help different types of businesses.

Infosys:

Infosys is another big company in India that helps other companies with their computer and technology needs. They have made special computer programs that can help businesses with things like talking to customers and managing their supplies.

Wipro:

Wipro is a big company that helps other companies with their computer and technology needs. They have made special computer programs that can help businesses in areas like healthcare and banking.

HCL Technologies:

HCL is a big company that helps other companies with their computer and technology needs. They have made special computer programs that can help businesses with things like talking to customers and managing their supplies.

Tech Mahindra:

Tech Mahindra is a big company that helps other companies with their computer and technology needs. They have made special computer programs that can help businesses in areas like telecom and healthcare.

Mindtree:

Mindtree is a big company that helps other companies with their computer and technology needs. They have made special computer programs that can help businesses with things like talking to customers and managing their supplies.

L&T Infotech:

L&T Infotech is a big company that helps other companies with their computer and technology needs. They have made special computer programs that can help businesses in areas like healthcare and banking.

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Factors to Consider Before Investing in Artificial Intelligence Stocks in India

Putting resources into artificial intelligence stocks in India with cost holds the potential for significant returns, yet reasonability directs a smart methodology. The following are five basic contemplations for putting resources into man-made intelligence stocks in 2024:

Financial Strength:

Inspect the monetary strength of potential computer based intelligence stocks India speculations. Dissect asset reports, income, and productivity records. Choose artificial intelligence companies in India that are listed on the National Stock Exchange (NSE) and have solid financial standing because this indicates a foundation for continued expansion.

Cutthroat Situating:

Given the extraordinary rivalry in India’s simulated intelligence industry, examine an organization’s serious standing. Look at things like market share, technology, intellectual property, and the number of customers. A solid upper hand upgrades an organization’s development and life span possibilities.

The board Ability:

The initiative group’s history is principal. Evaluate the supervisory crew’s insight and comprehension of the business. A key and educated administration is instrumental in guaranteeing the organization’s and from there on the man-made intelligence stocks in India’s drawn out progress.

Administrative Mindfulness:

Given the advancing administrative scene for man-made intelligence advancements, remain informed about the administrative climate in India. Search for the top man-made brainpower organizations in India recorded on NSE that follow guidelines and comprehend possible effects on their activities because of administrative changes.

Market Elements:

Assess the market capability of the man-made reasoning organizations stock in India. After that, investigate the potential for growth in profitability, market share, and revenue. Organizations strategically situated to satisfy the rising need for artificial intelligence advancements in India and around the world are probably going to offer predominant returns.

Top 10 AI Stocks to Invest in India

Performance Overview of Best AI Stocks to Invest

Why invest in AI stocks?

AI stocks offers the opportunity to capitalize on the transformative power of a technology that is set to reshape industries and drive innovation across various sectors. The global market for AI is projected at US $2.6 trillion by 2032 by Precedence Research.