Kolkata: The Centre is trying to make the best use of the emerging AI technology so that India gains competitive advantage in this domain in the global arena. The use of AI in areas such as banking, cloud, data center, digital engineering, high-performance computing and digital advertising is continuously increasing. In such a scenario, companies associated with the AI ecosystem can grow faster in the coming years. The government is also focusing on boosting AI infrastructure, innovation and domestic capabilities through an investment of more than 100 billion rupees under the IndiaAI Mission. Against this backdrop, three Indian companies have emerged, which are rapidly strengthening their presence in the AI-based business. Let’s have a look at these stocks.
Market Price (July 23): Rs 10,785.00, down 0.61%
The first name in this list is Oracle Financial Services Software (OFSS). The company provides banking technology solutions to banks and financial institutions worldwide. Its services include core banking, payments, lending, treasury, risk management and financial crime compliance solutions. The company has transformed its Oracle banking platform into a cloud-native AI-first platform, using technologies such as generative AI, agentic AI and machine learning.
With their help, banks are modernising their old systems, automating workflows and giving customers a better digital banking experience. According to a report of Equitymaster, the consolidated revenue of the company increased to Rs 7,672.1 crore in FY26 while net profit stood at Rs 2,639.3 crore. Strong return ratios also strengthen the financial position of the company.
Market Price (July 23): Rs 5,021.20, down 1.52%
Another prominent name in this sector is Persistent Systems, which is a leading company in the field of digital engineering and enterprise AI solutions. The company is providing AI based solutions to customers in banking, healthcare, life science and telecom sectors. The company has developed its own AI platforms like AssistX and iAura, which help in enterprise data modernization and multi-agent AI deployment. Apart from this, the company is expanding its AI business through strategic partnerships with Microsoft, Google Cloud and AWS.
In FY26, the company’s revenue increased by 23.5% to Rs 14,748.4 million, while net profit grew by 33.2%. The company has achieved 24th consecutive quarter of revenue growth, which shows its strong business position.
Market Price (July 23): Rs 4,238.00, down 1.18%
The third company in this list is Netweb Technologies India, which works in the field of AI systems, high performance computing and private cloud infrastructure. This company is considered to play an important role in creating AI infrastructure in India. In FY26, the company’s AI systems business revenue increased by 460% YoY. The share of AI business in total revenue reached 43.4%.
The company has also started new manufacturing facilities to build liquid-cooled AI systems and advanced GPU servers. The total revenue of the company increased by 90%to Rs 2,183.5 crore and the net profit increased by 80.9% to Rs 205.8 crore. The company also has a strong order book, which shows strong growth prospects in the coming time.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.)
Click for more latest Markets news. Also get top headlines and latest news from India and around the world at News9.
Avijit Ghosal has been writing on topics of business, industry and investment for the past three decades. He also writes on the broad economy, infrastructure and issues in banking. He has worked for economic dailies such as the Business Standard, The Economic Times, business magazines such as Business Today, English broadsheet the Hindustan Times and Bengali daily Anandabazar Patrika before joining TV9 Network.