Top 20 AI Stocks in India

Investing in artificial intelligence (AI) stocks presents both exciting opportunities and unique challenges. AI technology has the capacity to revolutionize various sectors, attracting investors keen on capitalizing on its transformative potential. However, it’s crucial to recognize the associated risks and conduct thorough research before venturing into this dynamic market. This article will introduce you to the top 20 AI stocks in India, so you can make an informed investment decision in 2025. It will also delve into why investing in AI stocks is compelling and how to navigate this landscape effectively to get the highest dividends.

Why Invest in AI Stocks?

From autonomous vehicles to robotic surgeries, AI is reshaping our future, promising significant advancements across industries. In India, the AI sector is experiencing remarkable growth, with its market size projected to reach $1,597.1 billion by 2030. This makes investing in AI stocks one of the best personal finance investing strategies.

Businesses in healthcare, manufacturing, finance, and retail are increasingly embracing AI technologies, propelling the industry forward. Notably, pioneering companies like OpenAI are leading the charge with groundbreaking innovations like ChatGPT, boasting 100 million users within months of launch. Such developments underscore the immense potential of AI in India’s technological landscape, making it an enticing investment avenue.

Also Read: Top 10 Artificial Intelligence (AI) Cryptocurrencies

How to Invest in Artificial Intelligence Stocks in India?

Investing in AI stocks in India can be accomplished through various channels. Traditional stock market investing involves directly purchasing shares of listed AI companies. Alternatively, investors can explore exchange-traded funds (ETFs) or mutual funds specializing in AI, offering exposure to diversified portfolios of AI-centric companies. These avenues provide flexibility and cater to different investment preferences, allowing investors to participate in the AI revolution according to their risk appetite and financial goals.

Top 20 AI Stocks in India (2025)

Before we get started with our top 20 list, here’s an overview of our top 10 AI stock picks. Our choice is based on market cap, return on equity (ROE), return on capital employed (ROCE), and sales growth.

1. Tata Consultancy Services Ltd

NSE: TCS | BSE: 532540

Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) services and consulting company, that has now stepped into the field of AI. This Tata Group company headquartered in Mumbai, operates in 150 locations across 46 countries. It is the second-largest Indian company by market capitalization and the world’s second-most valuable IT service brand.

• ROE: 59.60%
• ROCE: 79.73%
• Sales Growth: 6.31%
• Market Cap: ₹ 13,92,782.79 Cr

2. Infosys Ltd

NSE: INFY | BSE: 500209

Infosys Limited is an Indian multinational IT company that provides business consulting, IT, and outsourcing services. The Bangalore-based company is the second-largest Indian IT company, and the fourth Indian company to reach US$100 billion in market capitalization. The company’s recent foray into AI technology makes it one of the most investable AI stocks in India.

• ROE: 37.02%
• ROCE: 48.66%
• Sales Growth: 3.97%
• Market Cap: ₹ 6,08,294.18 Cr.

3. HCL Technologies Ltd

NSE: HCLTECH | BSE: 532281

HCL Technologies Limited (HCLTech) is yet another Indian multinational IT consulting company with offices in 52 countries. The firm, based in Noida, has recently expanded from the software services business to AI. In over two decades of going public, HCLTech has outperformed most other stocks in this sector.

• ROE: 27.54%
• ROCE: 35.29%
• Sales Growth: 13.87%
• Market Cap: ₹ 3,65,042.23 Cr.

4. Wipro Ltd

NSE: WIPRO | BSE: 507685

Wipro Limited is an Indian multinational corporation that provides IT consulting and business processing services in 167 countries. The company’s portfolio spans cloud computing, computer security, digital transformation, AI, robotics, data analytics, and more.

• ROE: 15.82%
• ROCE: 19.85%
• Sales Growth: 13.73%
• Market Cap: ₹ 2,42,421.45 Cr.

5. Tech Mahindra Ltd

NSE: TECHM | BSE: 532755

Tech Mahindra is another Indian multinational IT services and consulting company that has recently stepped into AI development. The Pune-based company is part of the formidable Mahindra Group. The Fortune India 500 company operates in over 90 countries.

• ROE: 14.92%
• ROCE: 18.88%
• Sales Growth: 19.28%
• Market Cap: ₹ 1,29,177.23 Cr.

6. Bosch Ltd

NSE: BOSCHLTD | BSE: 500530

Bosch Ltd, an Indian subsidiary of the German multinational, excels in providing technology and services across automotive, industrial technology, and consumer goods sectors. With a strong market presence and a focus on innovation, Bosch is positioned as a key player in the AI landscape.

• ROE: 13.13%
• ROCE: 17.46%
• Sales Growth: 26.72%
• Market Cap: ₹ 90,958.83 Cr.

7. Oracle Financial Services Software Ltd

NSE: OFSS | BSE: 532466

Oracle Financial Services Software Limited caters to the financial services industry, providing IT solutions tailored to corporate, retail, investment banking, and treasury operations. As a subsidiary of Oracle Corporation, the company offers a comprehensive suite of banking products, facilitating digital transformation and operational efficiency.

• ROE: 30.83%
• ROCE: 39.74%
• Sales Growth: 9.23%
• Market Cap: ₹ 65,399.69 Cr.

8. Persistent Systems Ltd

NSE: PERSISTENT | BSE: 533179

Persistent Systems Ltd is a prominent player in the software product development services sector. Specializing in building software products and offering complete product lifecycle services, Persistent Systems boasts a strong track record of innovation and partnerships. The company’s software and frameworks, coupled with pre-built integration and acceleration capabilities, position it as a leader in the AI domain.

• ROE: 22.85 %
• ROCE: 29.29%
• Sales Growth: 43.13%
• Market Cap: ₹ 54,767.86 Cr.

9. L&T Technology Services Ltd

NSE: LTTS | BSE: 540115

L&T Technology Services Ltd is a leading provider of engineering solutions, leveraging cutting-edge technology to cater to diverse industry needs. With a customer base that includes Fortune 500 companies and top ER&D players, L&T Technology Services offers a comprehensive suite of services ranging from design and analysis to prototyping and testing.

• ROE: 25.95%
• ROCE: 36.83%
• Sales Growth: 21.02%
• Market Cap: ₹ 48,541.06 Cr.

10. Tata Elxsi Ltd

NSE: TATAELXSI | BSE: 500408

Tata Elxsi Ltd specializes in designing and developing computer hardware and software, operating across two key segments: System Integration & Support and Software Development & Services. The company’s expertise spans various sectors, including automotive, healthcare, and telecom, offering technology consulting, new product design, and development services.

• ROE: 40.97%
• ROCE: 51.80%
• Sales Growth: 37.39%
• Market Cap: ₹ 45,928.56 Cr.

11. KPIT Technologies Ltd

NSE: KPITTECH | BSE: 542651

KPIT Technologies Limited is an Indian MNC that provides engineering research and development services to automotive companies. Headquartered in Pune, KPIT has development centers in India, Europe, USA, Japan, and China. The company is a forerunner in engineering innovation and artificial intelligence, having 58 patents under its belt.

• ROE: 21.92%
• ROCE: 29.18%
• Sales Growth: 28.40%
• Market Cap: ₹ 42,534.78 Cr.

12. Coforge Ltd

NSE: COFORGE | BSE: 532541

Coforge, initially founded as NIIT Technologies, is an Indian multinational IT company with bases in India and the United States. After a number of mergers and acquisitions, the company has grown to be one of the top-performing AI and IT companies in India showing a steady year-on-year profit growth.

• ROE: 31.33%
• ROCE: 32.07%
• Sales Growth: 13.65%
• Market Cap: ₹ 32,604.70 Cr.

13. Cyient Ltd

NSE: CYIENT | BSE: 532175

Cyient Ltd specializes in software-enabled engineering and GIS services, catering to diverse sectors such as data & network operations, engineering, and manufacturing. With a global presence and a focus on innovation, Cyient offers end-to-end solutions to enhance operational efficiency and drive business growth.

• ROE: 13.57%
• ROCE: 18.07%
• Sales Growth: 27.27%
• Market Cap: ₹ 19,411.59 Cr.

14. Affle (India) Ltd

NSE: AFFLE | BSE: 542752

Affle (India) Ltd has demonstrated impressive financial performance, with substantial revenue growth and commendable profitability metrics. With a robust balance sheet and a focus on innovation, Affle presents an attractive investment opportunity in the AI domain.

• ROE: 7.69%
• ROCE: 10.30%
• Sales Growth: 18.27%
• Market Cap: ₹ 17,214.87 Cr.

15. Zensar Technologies Ltd

NSE: ZENSARTECH | BSE: 504067

Zensar Technologies Ltd is a prominent player in digital solutions, assisting global organizations in their digital transformation journey. With a strong track record of partnerships and a focus on innovation, Zensar is poised for sustained growth in the AI landscape.

• ROE: 14.21%
• ROCE: 19.22%
• Sales Growth: 11.94%
• Market Cap: ₹ 14,136.54 Cr.

16. Happiest Minds Technologies Ltd

NSE: HAPPSTMNDS | BSE: 543227

Happiest Minds Technologies Ltd has exhibited strong financial performance, characterized by robust revenue growth and exceptional profitability metrics. With a healthy balance sheet and a focus on long-term growth, Happiest Minds is well-positioned to capitalize on opportunities in the AI sector.

• ROE: 29.06%
• ROCE: 28.96%
• Sales Growth: 28.93%
• Market Cap: ₹ 12,322.08 Cr.

17. RateGain Travel Technologies Ltd

NSE: RATEGAIN | BSE: 543417

RateGain Travel Technologies Ltd offers web-based solutions for the hospitality and travel sector, with a history of successful acquisitions and expansions. With a focus on innovation and customer-centric solutions, RateGain presents an attractive investment proposition in the AI domain.

• ROE: 0.90%
• ROCE: 1.59%
• Sales Growth: 55.72%
• Market Cap: ₹ 8,443.27 Cr.

18. Saksoft Ltd

NSE: SAKSOFT | BSE: 590051

Saksoft is an Indian digital transformation partner for global enterprises. The company focuses on increasing the speed, accuracy, and predictability of IT systems using Enterprise Applications, Augmented Analytics, and Intelligent Automation. Today, their AI, Machine Learning, and Generative AI products run companies worldwide.

• ROE: 17.38%
• ROCE: 21.70%
• Sales Growth: 30.97%
• Market Cap: ₹ 2,838.49 Cr.

19. KSolves India Ltd

NSE: KSOLVES | BSE: 543599

Ksolves is an Indian Java Development Company that develops web, mobile, and desktop software solutions for businesses. The company has now started offering services in DevOps, Big Data, AI, and ML. Comparatively new to the stock market, Ksolves is quite a promising addition to our top 20 list.

• ROE: 128.29%
• ROCE: 170.37%
• Sales Growth: 70.06%
• Market Cap: ₹ 1,294.62 Cr.

20. Kellton Tech Solutions Ltd

NSE: KELLTONTEC | BSE: 519602

Kellton is an Indian company that helps businesses with digital transformation and AI & ML implementation. It also offers SAP, Product Development Outsourcing, and Digital Commerce & Marketing services. With over 10 international offices, this company caters to clients worldwide.

• ROE: 6.59%
• ROCE: 10.08%
• Sales Growth: 38.70%
• Market Cap: ₹ 919.96 Cr.

Conclusion

Investing in AI stocks in India offers promising prospects for growth and diversification. However, it’s essential to approach this market with caution, conducting thorough research and aligning investments with individual risk profiles and financial objectives. By staying informed and leveraging available investment avenues, investors can potentially harness the transformative power of AI to bolster their portfolios.

Frequently Asked Questions

K.C. Sabreena Basheer

Sabreena is a GenAI enthusiast and tech editor who's passionate about documenting the latest advancements that shape the world. She's currently exploring the world of AI and Data Science as the Manager of Content & Growth at Analytics Vidhya.