India
Top 20 AI companies in India by revenue
The 20 largest AI companies headquartered in India by annual revenue, from AI analytics and identity checks to medical imaging, voice AI and drones.
Updated Oct 25, 202620 companies
- 1
Fractal Analytics
Enterprise AI and analytics
Mumbai Business AI app Founded 2000 Listed Feb 2026 · NSE / BSE
Jun 2026[1] - 2
Capillary Technologies
AI-driven loyalty and customer-engagement software
Bengaluru Business AI app Founded 2008 Listed Nov 2025 · NSE / BSE
Q1 FY27[2] - 3
C5i
Enterprise AI and analytics services; formerly Course5 Intelligence
Bengaluru Business AI app Founded 2000 Private (IPO papers filed with SEBI)
FY to Mar 2025[3] - 4
Krutrim
AI cloud (pivoted from models and chips)
Bengaluru AI infrastructure Founded 2023 Private
FY to Mar 2026[4] - 5
IDfy
Identity verification, fraud checks and onboarding
Mumbai Business AI app Founded 2011 Private
FY to Mar 2025[5] - 6
Qure.ai
AI for chest X-ray, CT and lung-cancer screening
Mumbai Business AI app Founded 2016 Private
FY to Mar 2025[6] - 7
Signzy
AI identity verification and compliance checks for banks
Bengaluru Business AI app Founded 2015 Private
FY to Mar 2025[7] - 8
Garuda Aerospace
Drones and drone services for agriculture and infrastructure
Chennai Embodied AI Founded 2015 Private
FY to Mar 2025[8] - 9
Videonetics
AI video analytics for cities, traffic and security
Kolkata Business AI app Founded 2008 Private
FY to Mar 2025[9] - 10
Tricog Health
AI ECG interpretation and remote cardiac care
Bengaluru Business AI app Founded 2014 Private
FY to Mar 2025[10] - 11
Gnani.ai
Voice AI agents and speech models for enterprises
Bengaluru Business AI app Founded 2016 Private
FY to Mar 2025[11] - 12
Kapture CX
AI customer-support automation and agents
Bengaluru Business AI app Founded 2014 Private
FY to Mar 2025[12] - 13
Detect Technologies
AI safety and operations monitoring for heavy industry
Chennai Business AI app Founded 2016 Private
FY to Mar 2025[13] - 14
Sarvam AI
Indic LLMs & voice; sovereign AI
Bengaluru Model lab Founded 2023 Private
FY to Mar 2026[14] - 15
Rocket.new
Prompt-to-app builder
Surat Consumer AI app Founded 2024 Private
Sep 2025[15] - 16
CropIn
Agricultural data and AI for agribusinesses
Bengaluru Business AI app Founded 2010 Private
FY to Mar 2025[16] - 16
HealthPlix
AI-assisted clinic software for doctors
Bengaluru Business AI app Founded 2014 Private
FY to Mar 2025[17] - 18
SatSure
Satellite data and AI for farm credit and infrastructure
Bengaluru Business AI app Founded 2017 Private
FY to Mar 2025[18] - 19
5C Network
AI-assisted radiology reporting network
Bengaluru Business AI app Founded 2016 Private
FY to Mar 2025[19] - 20
Neysa
GPU cloud and AI acceleration platform
Mumbai AI infrastructure Founded 2023 Private
FY to Mar 2025[20]
Method
How we built this list. Revenue from company statements, filings and credible press, researched on Oct 25, 2026.
Who is on the list
AI companies headquartered in India. We count companies whose main business is AI: model labs, AI applications, AI infrastructure (chips, clouds, inference and training data) and embodied AI. Big tech and other incumbents are left out, along with companies they own.
Recent listings only
Companies that went public before Oct 25, 2024, more than two years before our research date, count as incumbents whose scale predates the AI boom, so they are not ranked. Private companies and companies that listed since then are.
Latest annual revenue
For private companies we use the latest annual recurring revenue or run-rate from the company or credible press. For listed companies we use filings: the latest quarter ×4, or the last 12 months for companies that report every six months. When a company has published nothing for over a year, we use a third-party estimate and label it Estimate.
One currency, ranked by size
Every figure is in US dollars, converted at the IRS 2025 average exchange rates. Run-rates, bookings, forecasts and trailing revenue are different measures, so treat companies with close figures as roughly level.
- Reliance (Jio), Tata, Infosys, TCS, Wipro, HCLTech and other incumbents are left out, along with companies they control, such as Haptik, Fynd and Embibe.
- Most private Indian companies publish revenue only in their annual filings, so most figures here are for the year to March 2025. Rupees are converted at the IRS 2025 average of 87.133 per US dollar.
- Companies are placed by their parent company. Qure.ai, Signzy, Gnani.ai and C5i list US offices as headquarters on LinkedIn, but their parent companies are Indian and their figures come from Indian filings. Yellow.ai, Pixis, SpotDraft and Uniphore have US parent companies, so they are not here.
- Several companies here were founded before the generative-AI wave and now sell AI products, so treat them as judgment calls.
- The orange Y marks companies in the Y Combinator directory. Logos are each company's LinkedIn profile image, or its GitHub avatar when it has no LinkedIn logo.
- Exchange rates: IRS yearly average currency exchange rates.
Sources
- 1
Fractal Analytics StockAnalysis (compiled from NSE filings) Trailing 12 months, Jun 2026 stockanalysis.com
Revenue (INR millions): TTM Jun-2026 34,517; FY2026 32,997; FY2025 27,654; FY2024 21,963.
- 2
Capillary Technologies Capillary Technologies press release (NSE filing) Latest quarter ×4, Q1 FY27 (Apr-Jun 2026) nsearchives.nseindia.com
The company reported revenue of Rs 2,566.44 million in Q1FY27, marking a YoY growth of 42.66%.
- 3
C5i Inc42 (IPO filing coverage) Full-year revenue, FY ended 2025-03-31 inc42.com
C5i's operating revenue rose 26% to ₹545.3 Cr in FY25 from ₹431.4 Cr in FY24, according to its filings.
- 4
Krutrim Outlook Business Full-year revenue, FY Mar-2026 outlookbusiness.com
Krutrim reported revenues of approximately Rs 300 crore in FY26, a threefold increase over FY25, and its first annual net profit.
- 5
IDfy Inc42 Datalabs (from Registrar of Companies filings) Full-year revenue, FY ended 2025-03-31 inc42.com
Inc42 Datalabs, from IDfy's filings: revenue ₹191 Cr in FY25, up from ₹146.7 Cr in FY24; profit after tax ₹1.6 Cr.
- 6
Qure.ai Entrackr (from Registrar of Companies filings) Full-year revenue, FY ended 2025-03-31 entrackr.com
Qure.ai's operating revenue grew 24.5% to Rs 175.5 crore in FY25 from Rs 141 crore in FY24.
- 7
Signzy Inc42 Datalabs (from Registrar of Companies filings) Full-year revenue, FY ended 2025-03-31 inc42.com
Inc42 Datalabs, from Signzy's filings: revenue ₹151.3 Cr in FY25, up from ₹111.1 Cr in FY24; net loss ₹32.6 Cr.
- 8
Garuda Aerospace Inc42 Datalabs (from Registrar of Companies filings) Full-year revenue, FY ended 2025-03-31 inc42.com
Inc42 Datalabs, from Garuda Aerospace's filings: revenue ₹124.8 Cr in FY25, up from ₹110.8 Cr in FY24; profit after tax ₹17.3 Cr.
- 9
Videonetics Inc42 Datalabs (from Registrar of Companies filings) Full-year revenue, FY ended 2025-03-31 inc42.com
Inc42 Datalabs, from Videonetics's filings: revenue ₹78.6 Cr in FY25, up from ₹61.1 Cr in FY24; FY25 profit figures conflict on the page.
- 10
Tricog Health Inc42 Datalabs (from Registrar of Companies filings) Full-year revenue, FY ended 2025-03-31 inc42.com
Inc42 Datalabs, from Tricog Health's filings: revenue ₹77.7 Cr in FY25, up from ₹9 Cr in FY24; net loss ₹1.3 Cr.
- 11
Gnani.ai Entrepreneur India (Series B coverage) Full-year revenue, FY ended 2025-03-31 india.entrepreneur.com
Gnani.ai's revenue increased to INR 53.87 crore in FY25 from INR 23.09 crore in FY24, with a net profit of Rs 3.19 crore.
- 12
Kapture CX Inc42 Datalabs (from Registrar of Companies filings) Full-year revenue, FY ended 2025-03-31 inc42.com
Inc42 Datalabs, from Kapture CX's filings: revenue ₹52.1 Cr in FY25, up from ₹41.9 Cr in FY24; net loss ₹26.9 Cr.
- 13
Detect Technologies Inc42 Datalabs (from Registrar of Companies filings) Full-year revenue, FY ended 2025-03-31 inc42.com
Inc42 Datalabs, from Detect Technologies's filings: revenue ₹46.4 Cr in FY25, up from ₹35.9 Cr in FY24; net loss ₹32.1 Cr.
- 14
Sarvam AI MediaNama Full-year revenue, FY Mar-2026 medianama.com
Sarvam reported unaudited revenue of Rs 45.1 crore in FY26, compared with Rs 1.5 crore in FY25.
- 15
Rocket.new The Tech Buzz Run-rate, Sep 2025 techbuzz.ai
Rocket.new had more than 10,000 paying subscribers and US$4.5M in annual recurring revenue when it raised its seed round.
- 16
CropIn Inc42 Datalabs (from Registrar of Companies filings) Full-year revenue, FY ended 2025-03-31 inc42.com
Inc42 Datalabs, from CropIn's filings: revenue ₹38.4 Cr in FY25, up from ₹36.2 Cr in FY24; net loss ₹31.1 Cr.
- 17
HealthPlix Inc42 Datalabs (from Registrar of Companies filings) Full-year revenue, FY ended 2025-03-31 inc42.com
Inc42 Datalabs, from HealthPlix's filings: revenue ₹38.4 Cr in FY25, up from ₹30.9 Cr in FY24; net loss ₹19.0 Cr.
- 18
SatSure Inc42 Datalabs (from Registrar of Companies filings) Full-year revenue, FY ended 2025-03-31 inc42.com
Inc42 Datalabs, from SatSure's filings: revenue ₹33.6 Cr in FY25, up from ₹9.7 Cr in FY24; net loss ₹32.7 Cr.
- 19
5C Network Inc42 Datalabs (from Registrar of Companies filings) Full-year revenue, FY ended 2025-03-31 inc42.com
Inc42 Datalabs, from 5C Network's filings: revenue ₹24.1 Cr in FY25, up from ₹20.9 Cr in FY24; net loss ₹13.1 Cr.
- 20
Neysa Inc42 Datalabs (from Registrar of Companies filings) Full-year revenue, FY ended 2025-03-31 inc42.com
Inc42 Datalabs, from Neysa's filings: revenue ₹21.2 Cr in FY25, up from ₹0.139 Cr in FY24; net loss ₹54.8 Cr.