India's artificial intelligence ecosystem has moved well beyond experimentation; it is now a measurable, multi-sectoral economic force. The table below maps 100 of India's most significant AI companies across three broad segments: Horizontal AI, Vertical AI and AI Infrastructure, tracking their revenue growth between 2021 and 2026.
From enterprise analytics giants like Fractal Analytics and Quantiphi to sector-specific disruptors in healthcare, agriculture, legal tech and aerospace, the data reveals a common thread. AI-native companies in India are not just growing, they are scaling at rates that few industries in any economy have matched in such a compressed timeframe.
With absolute growth rates ranging from the double digits to staggering five-figure percentages, and CAGR rates that consistently outpace global tech benchmarks, this list offers one of the clearest pictures yet of how India's AI ambition is translating into tangible commercial momentum.
| By Sector | Sr. No | Name of Companies | Absolute Growth Rate | CAGR | Revenue 2021 (Rs Crore) | Revenue 2025 (Rs Crore) | Founded in | Headquaters |
|---|---|---|---|---|---|---|---|---|
| Horizontal AI | ||||||||
| Enterprise and Analytics | 1 | Fractal Analytics | 113.49% | 28.70% | 1295.3 (2022) | 2,765.40 | 2000 | Mumbai, Maharashtra |
| 2 | Tiger Analytics | 592.20% | 62.20% | 599.50 | 4,150.00 | 2011 | Chennai, Tamil Nadu | |
| 3 | Uniphore | 1150.00% | 88.00% | 332.00 | 4,150.00 | 2008 | Chennai, Tamil Nadu | |
| 4 | AbsolutData | 67.70% | 13.80% | 185.00 | 310.25 | 2001 | Gurgaon, Haryana | |
| 5 | LatentView Analytics | 148.50% | 25.50% | 164.18 | 407.92 | 2006 | Chennai, Tamil Nadu | |
| Cybersecurity | 6 | Happiest Minds Technologies | 111.74% | 21.00% | 1,014.00 | 2,147.00 | 2011 | Bengaluru, Karnataka |
| 7 | Sattrix Information Security | 111.32% | 21.00% | 21.12 | 44.63 | 2013 | Ahmedabad, Gujarat | |
| 8 | TAC InfoSec | 505.16% | 57.00% | 5.04 | 30.50 | 2013 | Mohali, Punjab | |
| 9 | TechD Cybersecurity | 2157.58% | 118.00% | 1.32 | 29.80 | 2017 | Ahmedabad, Gujarat | |
| 10 | Sequretek | 16150.00% | 257.00% | 0.32 | 52.00 | 2013 | Mumbai, Maharashtra | |
| Customer service | 11 | Gupshup | 65.50% | 13.40% | 1245 | 2060 | 2004 | Mumbai, Maharashtra |
| 12 | Haptik | 50.00% | 10.70% | 186.45 | 279.71 | 2013 | Mumbai, Maharashtra | |
| 13 | Yellow.ai | 430.00% | 74.40% | 124.5 | 659.85 (2024) | 2016 | Bangalore, India | |
| 14 | Exotel | 312.50% | 42.50% | 121.2 | 500 | 2011 | Bengaluru, Karnataka | |
| 15 | Verloop.io | 1618.50% | 103.60% | 2.7 | 46.4 | 2015 | Bengaluru, Karnataka | |
| Content generation | 16 | Zensar Technologies | 39.60% | 8.70% | 3,781.40 | 5,280.60 | 1991 | Pune, Maharashtra |
| 17 | Kellton | 38.10% | 8.40% | 840.00 | 1,160.00 | 2009 | Hyderabad, Telangana | |
| 18 | Quantiphi | 2694.30% | 129.90% | 508.00 | 14,195.00 | 2013 | Hyderabad, Telangana | |
| 19 | Tredence | 710.90% | 68.80% | 431.60 | 3,500.00 | 2013 | Bengaluru, India | |
| 20 | Course5 Intelligence | 129.00% | 23.00% | 247.19 | 566.00 | 2000 | Mumbai, Maharashtra | |
| Vertical AI | ||||||||
| Healthcare | 21 | MedGenome | 148.20% | 25.50% | 164.00 | 407.00 | 2013 | Bengaluru, Karnataka |
| 22 | Qure.ai | 40.40% | 8.90% | 125.00 | 175.50 | 2016 | Mumbai, Maharashtra | |
| 23 | HealthPlix | 82.46% | 22.30% | 41.40 | 75.54 (2024) | 2014 | Bengaluru, Karnataka | |
| 24 | Tricog Health | 260.10% | 37.80% | 21.58 | 77.70 | 2014-2015 | Bengaluru, Karnataka | |
| 25 | mfine | 45.70% | 9.90% | 12.90 | 18.80 | 2017 | Bengaluru, Karnataka | |
| Finance & insurance | 26 | Razorpay | 348.20% | 45.50% | 844.00 | 3,783.00 | 2014 | Bangalore, Karnataka |
| 27 | Pine Labs | 134.70% | 23.80% | 683.12 | 1,603.00 | 1998 | Noida, Uttar Pradesh | |
| 28 | Lendingkart | 72.40% | 14.60% | 500.00 | 862.2 | 2014 | Ahmedabad, Gujarat | |
| 29 | KreditBee | 198.50% | 31.40% | 162.80 | 486.00 | 2018 | Bengaluru, Karnataka | |
| 30 | CRED | 2432.40% | 124.30% | 108.00 | 2,735.00 | 2018 | Bengaluru, Karnataka | |
| Education | 31 | BYJU'S | 41.18% | 12.10% | 3,637.02 | 5,134.73 (2024) | 2011 | Bengaluru, Karnataka |
| 32 | Unacademy | 107.60% | 20.00% | 398.00 | 826.30 | 2015 | Bengaluru, Karnataka | |
| 33 | upGrad | 542.10% | 59.20% | 302.60 | 1,943.00 | 2015 | Mumbai, Maharashtra | |
| 34 | Vedantu | 113.70% | 20.90% | 93.60 | 200.00 | 2014 | Bengaluru, Karnataka | |
| 35 | PhysicsWallah (PW) | 12095.10% | 232.30% | 24.60 | 3,000.00 | 2016 | Noida, Uttar Pradesh | |
| Logistics and Supply chain | 36 | Delhivery | 46.10% | 9.90% | 6,617.00 | 9,668.00 | 2011 | Gurugram, Haryana |
| 37 | Xpressbees | 186.00% | 30.00% | 1,004.80 | 2,874.00 | 2015 | Pune, Maharashtra | |
| 38 | Shadowfax | 440.20% | 52.50% | 460.00 | 2,485.10 | 2015 | Bengaluru, Karnataka | |
| 39 | Shipsy | 32.10% | 7.20% | 78.00 | 103.00 | 2015 | Gurugram, Haryana | |
| 40 | Locus.sh | 41167.60% | 350.70% | 0.71 | 293.00 | 2015 | Bengaluru, Karnataka | |
| Automotive | 41 | Netradyne | 200.00% | 4.20% | 595.00 | 1785 (2024) | 2015 | Bengaluru, Karnataka |
| 42 | Ather Energy | 2725.80% | 130.60% | 79.80 | 2,255.00 | 2013 | Bengaluru, Karnataka | |
| 43 | Euler Motors | 2216.40% | 119.40% | 8.30 | 192.26 | 2018 | Delhi, NCR | |
| 44 | Ola Electric | 524783.70% | 751.20% | 0.86 | 4,514.00 | 2017 | Bengaluru, Karnataka | |
| 45 | Spyne | 80278.90% | 432.50% | 0.19 | 152.72 | 2015 | Gurugram, Haryana | |
| Telecommunication | 46 | Comviva | 78.70% | 15.60% | 845.10 | 1,510.00 | 1999 | Gurugram, Haryana |
| 47 | Exotel | 33.30% | 7.50% | 375.00 | 500.00 | 2011 | Bengaluru, Karnataka | |
| 48 | Ozonetel | 292.50% | 57.80% | 66.40 | 260.62 (2024) | 2007 | Hyderabad, Telangana | |
| 49 | CoRover.ai | 100.00% | 26.00% | 44.63 | 89.25 (2024) | 2016 | Bengaluru, Karnataka | |
| 50 | Enthu.AI | 200.00% | 44.20% | 10.2 (2022) | 30.60 | 2020 | Mohali, Punjab | |
| Media and Entertainment | 51 | Pocket FM | 6972.00% | 190.00% | 25.00 | 1,768.00 | 2018 | Bengaluru, Karnataka |
| 52 | Kuku FM | 4941.70% | 166.50% | 4.80 | 242.00 | 2018 | Mumbai, Maharashtra | |
| 53 | Beatoven.ai | 400.00% | 71.00% | 4.25 (2022) | 21.25 | 2021 | Bengaluru, Karnataka | |
| 54 | Gling AI | 2929.20% | 134.60% | 1.37 | 41.50 | 2022 or 2023 | Bengaluru, Karnataka | |
| 55 | Murf AI | 920.26% | 117.10% | 0.65 | 6.6317 (2024) | 2020 | Bengaluru, Karnataka | |
| Legal Tech | 56 | Leegality | 435.60% | 52.10% | 38.25 | 204.85 | 2016 | Gurugram, Haryana |
| 57 | SpotDraft | 217.00% | 33.40% | 38.18 | 121.02 | 2017 | Bengaluru, Karnataka | |
| 58 | Lawrbit | 120.00% | 48.30% | 34.00 | 74.8 (2023) | 2018 | Gurugram, Haryana | |
| 59 | RazorSign | 370.27% | 67.60% | 31.45 | 147.9 (2024) | 2016 | Pune, Maharashtra | |
| 60 | SimpliContract | 413.30% | 50.50% | 12.45 | 63.91 | 2020 | Bengaluru, Karnataka | |
| Energy | 61 | L&T Technology Services | 82.70% | 16.30% | 6,254.00 | 11,424.00 | 2012 | Vadodara, Gujarat |
| 62 | Tata Elxsi | 104.20% | 19.50% | 1,826.20 | 3,729.00 | 1989 | Bangalore, Karnataka | |
| 63 | Climate Connect Digital | 83.30% | 22.60% | 956.25 | 1752.7 (2024) | 2011 | Gurugram, Haryana | |
| 64 | GPS Renewable | 288.00% | 40.30% | 318.75 | 1,236.75 | 2012 | Bengaluru, Karnataka | |
| 65 | Intugine Technologies | 4205.30% | 156.20% | 1.90 | 81.80 | 2013 | Bengaluru, Karnataka | |
| Aerospace and Defense | 66 | Tata Advanced Systems | 184.30% | 29.90% | 1,822.00 | 5,180.00 | 2006 | Hyderabad, Telangana |
| 67 | Alpha Design Technologies | 375.10% | 47.60% | 221.00 | 1,050.00 | 2003 | Bengaluru, Karnataka | |
| 68 | SatSure | 330.60% | 44.10% | 40.67 | 175.13 | 2017 | Bengaluru, Karnataka | |
| 69 | IdeaForge Technology | 364.30% | 46.80% | 34.72 | 161.2 | 2007 | Navi Mumbai, Maharashtra | |
| 70 | Pixxel | 417.10% | 50.80% | 7.60 | 39.30 | 2019 | Bengaluru, Karnataka | |
| Gaming | 71 | Gameskraft | 50.20% | 10.70% | 2,662.51 | 4,000.00 | 2017 | Bengaluru, Karnataka |
| 72 | Zupee | 42.16% | 42.16% | 823 (2023) | 1170 (2024) | 2018 | Gurugram, Haryana | |
| 73 | Nazara Technologies | 257.60% | 37.50% | 454.20 | 1,624.10 | 1999 | Mumbai, Maharashtra | |
| 74 | Nodwin Gaming | 298.00% | 41.20% | 135.69 | 540.00 | 2014 | Gurugram, Haryana | |
| 75 | WinZo | 955.00% | 119.00% | 100.00 | 1055 (2024) | 2018 | New Delhi, India | |
| Agriculture | 76 | Ninjacart | 117.90% | 21.50% | 750.00 | 1,634 | 2015 | Bengaluru, Karnataka |
| 77 | DeHaat | 736.10% | 70.00% | 360.00 | 3,010 | 2012 | Gurugram, Haryana | |
| 78 | CropIn Technology | 250.00% | 36.80% | 149.40 | 522.9 | 2010 | Bengaluru, Karnataka | |
| 79 | AgroStar | 515.10% | 57.50% | 138.20 | 850 | 2013 | Pune, Maharashtra | |
| 80 | Fasal | 531.72% | 151.40% | 18 (2023) | 113.71 | 2018 | Bengaluru, Karnataka | |
| AI Infrastructure | ||||||||
| Data | 81 | Manthan Systems | 29.70% | 6.70% | 239.04 | 310.00 | 2003/2004 | Bengaluru, Karnataka |
| 82 | Netweb Technologies | 704.62% | 68.40% | 142.80 | 1,149 | 1999 | Faridabad, Haryana | |
| Vector databases | 83 | Gnani.ai | 259.80% | 37.70% | 37.00 | 133.11 | 2016 | Bengaluru, Karnataka |
| 84 | Uncanny Vision | 610.40% | 63.30% | 4.73 | 33.6 | 2013 | Bengaluru, Karnataka | |
| Observability | 85 | Newgen Software | 66.72% | 13.60% | 673.00 | 1,122 | 1992 | New Delhi, NCR |
| 86 | Securden | 15683.60% | 254.40% | 0.61 | 96.28 | 2018 | Chennai, Tamil Nadu | |
| Governance | 87 | Innefu Labs | 95.65% | 39.90% | 171.81 (2023) | 336.15 | 2010 | New Delhi, NCR |
| 88 | Flutura (Gov-focused deployments) | 75.80% | 15.10% | 164.34 | 288.84 | 2012 | Bengaluru, Karnataka | |
| 89 | Netradyne AI Labs (India operations) | 196.00% | 24.20% | 100 (2020) | 296.00 | 2015 | Bengaluru, Karnataka | |
| 90 | Artivatic AI | 212.80% | 33.00% | 6.97 | 21.8 | 2017 | Gurugram, Haryana | |
| ML security | 91 | Staqu | 242.50% | 36.00% | 33.20 | 113.71 | 2015 | Gurugram, Haryana |
| 92 | Lucideus (Safe Security) | 10933.30% | 224.10% | 6.00 | 662 | 2012 | New Delhi, NCR | |
| 93 | Kratikal Technologies | 421.30% | 51.10% | 4.00 | 20.85 | 2013 | Noida, Uttar Pradesh | |
| 94 | Security Brigade | 8718.80% | 206.40% | 0.64 | 56.44 | 2006 | Mumbai, Maharashtra | |
| Hardware | 95 | Mindgrove Technologies | 200.00% | 31.60% | 1.00 | 3.00 | 2021 | Chennai, Tamil Nadu |
| 96 | AIQ Labs | 394.70% | 49.10% | 0.76 | 3.76 | 2025 | Bengaluru, Karnataka | |
| Foundation models | 97 | Genei AI Labs | 163.50% | 27.40% | 25.20 | 66.4 | 2017 | Bengaluru, Karnataka |
| 98 | Julia Computing India | 203.90% | 44.60% | 21.58 | 65.57 (2024) | 2015 | Bengaluru, Karnataka | |
| 99 | Gatzby AI | 4050.00% | 86.10% | 1.00 (2019) | 41.5 | 2016 | Mumbai, Maharastra | |
| Agent orchestration | 100 | Kore AI | 38.10% | 17.50% | 1754.4 (2023) | 2,422.50 | 2013 | Hyderabad, Telangana |
| 101 | SuperAGI | 108.40% | 108.40% | 40.38 (2024) | 84.15 | 2023 | Bengaluru, Karnataka |
These 100 companies tell a story that goes far beyond individual success. They represent the structural maturation of India's AI economy. Outliers like Ola Electric, Locus.sh, Sequretek and Spyne, with growth rates exceeding tens of thousands of percent, signal that India is producing genuinely disruptive AI businesses from the ground up, not just IT services rebranded with an AI layer.
Meanwhile, the geographic spread, anchored in Bengaluru, Mumbai, Hyderabad, Chennai and the NCR belt, and the sectoral diversity, spanning supply chain, gaming, energy, defense and foundation models, reflects an ecosystem with real depth.
What this data ultimately highlights is that India's AI story over the next decade will not be written by a single segment or a single city. It will be shaped by the compounding momentum of hundreds of companies across verticals and infrastructure layers, all scaling simultaneously, and the numbers are only getting larger.
Also Read: What Makes Artificial Intelligence Different from Human Intelligence?