Top Artificial Intelligence Stocks In India to Watch Out for in 2023

Artificial Intelligence is an emerging technology widely used by companies in healthcare, manufacturing, finance, and Ecommerce. From Alexa to tesla, AI-Based Home automation systems, real-time monitoring, and response management, Companies in India are increasingly using Artificial Intelligence to drive their business outcomes.

Intelligent Systems are being deployed for a variety of tasks and decision-making to enhance productivity.

According to the International Data Corporation (IDC) , the Indian AI Industry will expand from  3.1 billion USD to 7.8 billion USD in 2025. Indian investors can think of Investing in Artificial intelligence Stocks and get good returns in the future.

In this article, we will list the top few AI companies in India, which are expected to grow exponentially and give you good returns in the future.

What is Artificial Intelligence?

Artificial Intelligence is the simulation of human Intelligence with the help of   intelligent machines, computers, and robots without the intervention of any human intellect.

These systems are faster and more intelligent and they can make choices on our behalf. 

Top Artificial Intelligence Stocks In The Indian Stock Market

  1. Tata Elxsi Ltd.
  2. Bosch AI Ltd
  3. Saksoft limited
  4. Happiest Minds Technologies Ltd
  5. L & T Technology Services ltd.
  6. Affle India
  7. Zensar technologies ltd
  8. Persistent Systems
  9. Kellton Tech Solutions
  10. Oracle financial services ltd

  1. Tata Elxsi Ltd.

Tats Elxsi based in Bangalore, India has been a leader in enabling technology-based innovations for over 25 years. It has developed a diverse portfolio of Products powered by Artificial Intelligence and analytics from Self-driving cars to video analytics solutions.

    Tata Elxsi’s Artificial Intelligence center of        excellence(AI CoE) is designed to meet the increasing demand for intelligent systems.

The company offers a Cognitive Video Services framework which is essentially an AI-based Video Analytics solution that helps in tasks such as personalizing video content for users, transforming video into value using AI, suggesting new revenue generation, automating the content analysis, and much more.

2. Bosch AI Ltd

Bosch AI aims to create AI-based Solutions that increase efficiency at Bosch Plants, Optimize supply chains and reduce costs. Bosch aims to incorporate Artificial intelligence into many of its products and services turning industrial AI into its core competencies. Established in 2017 Bosch aims to create or develop all its products through Artificial intelligence.

3. Saksoft limited

Saksoft Limited is a leading Digital transformation Solution Partner for Clients across the globe. The company has established its reputation as a successful digital transformation solution provider across the globe. The COVID-19 pandemic has acted as a catalyst for the company’s rapid growth in shares, as these unprecedented times have spurred rapid technological evolution globally.

Saksoft Limited, one of the top Artificial Intelligence stocks, is experiencing increasing market dominance as companies invest in automation, technology-led cost reduction, and digitalization-induced improvement in organizational productivity

4. Happiest Minds Technologies Ltd

 Happiest Minds technologies ltd is an IT company that provides consultancy and services in Artificial Intelligence in language processing, image analytics, video analytics, and other areas.

5. L & T Technology Services ltd.

LTTS is a leader in engineering excellence. Our innovations are unparalleled, exemplified by the World’s 1st Autonomous Welding Robot, Solar ‘Connectivity’ Drone, and the Smartest Campus in the World.

LTTS’s expertise in engineering design, product development, smart manufacturing, and digitalization has a far-reaching impact, affecting all aspects of everyday life – from when one wakes up to when one goes to bed. Boasting 110 Innovation and R&D design centers located around the world, we specialize in pioneering disruptive technology spaces.

6. Affle India

Affle is a multinational technology firm that specializes in a consumer intelligence platform, transforming ads into recommendations to assist marketers in accurately recognizing, interacting with, and persuading potential and current customers to transact. Affle India recently concluded its IPO in India.

7. Zensar technologies ltd

Zensar Technologies has developed deep learning-based solutions for manufacturing, retail, and BFSI sectors. Their AI carries better demand forecasting for products by using real-world data and historical sales data.

The company invests in natural language processing, the internet of things, NEXT technology, and blockchain.

8. Persistent Systems

PersistentSystems Ltd. was established in Pune in 1993, providing its clients with secure and scalable mobile networking capacity. The company harnesses Artificial Intelligence to assist organizations with enhancing and scaling their operations, designing platform architecture and prioritizing cases.

The company has demonstrated impressive financial performance and is a profitable investment in the Artificial Intelligence (AI) Industry, using Modern Wave Relay Mobile Ad-hoc Network (MANET) technology.

9. Kellton Tech Solutions

Kellton Tech solution is a Hyderabad-based Information Technology and Outsourcing company. The Company uses Artificial Intelligence to solve challenges that would otherwise take a lot of human intellect. Its main forte is digital transformation, conversational artificial intelligence, machine learning, etc.

10. Oracle Financial Services Ltd

Oracle can speed up automation and minimize Human errors by implementing Artificial intelligence in your company and IT processes. Their Oracle cloud applications and platforms can help you gain greeted business insights.

The Artificial Intelligence of Oracle can be used across various industries for various purposes including cash flow management, automating receivables and payables, procurement and inventory for finance teams.

Rate of return on Stocks as of 30th Jan 2023

StocksMarket Cap (INR)Current market Price INR1Year ROI 5 Year ROI
TATA ELXSI LIMITED      414.39 billionRs.6642139 % return840% Return
Bosch Ltd492.76 BillionRs.16748.5016% Return-16% Return
Saksoft Ltd13.69 BillionRs.136.9055.5% Return479.5% Return
Happiest Minds Technologies Ltd121.58 billionRs.850-30% Return150.2% Return
L & T Technology Services ltd.  348.14 billionRs.3302-29% Return235% Return
Affle India ltd139.79 billionRs.1050.20-18% Return545% Return
Zensar technologies ltd50.04 billionRs.221  -45% Return44% Return
Persistent Systems  342.14 billionRs.4594  5% Return692% Return
Kellton Tech Solutions5.48 billionRs.56.80NANA
Oracle Financial Services Ltd263.62 billionRs.3055-28% Return13.7% Return

Disclaimer: The securities quoted are exemplary and not recommendatory. Past performance is not indicative of future returns


Artificial intelligence, Robotics and automation are causing a disruption in almost every business. Companies are more than willing to adapt and invest in AI-related technologies in order to avoid the dangers of becoming outdated. Investing in Artificial Intelligence based stocks is a good idea and can generate you good returns in the Future. With the advent of CHATGPT, Chatsonic, and Pandorobots the future looks very promising in the field of Artificial Intelligence.There is a looming threst on jobs ,but there are also concerns over the manner in which AI is getting integrated with daily lives of people.

The blog is for informational purposes only, Investments in the market are subject to market risks. Past performance is not an indicator of future indicative performance.

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