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India has quickly become one of the leading countries with respect to technological advancements, and generative AI is one of its most promising domains. Non-parametric AI, or generative and creative AI – the ability of algorithms to generate new content that is unique, be it text, images, or music – transforms industries and opens up new opportunities in various fields.
Whether in the field of medical science and business or entertainment and knowledge dissemination, organizations in India are leading the world in employing this much-disputed force. In this article, we will explore the top Generative AI companies in India, their insights, and more.
Company Name: Blockchain App Factory
Industry Type: Retail, Healthcare, Automotive, Entertainment
Company Stage: Stage Series C
Headquarters: Chennai, India
Founded Year: 2017
Founded By: Kameshwaran Elangovan
Revenue: Not Available
Employee Size: Approx 41
Blockchain App Factory is one of the leading companies among the top Generative AI companies in India. Blockchain App factory involved in generative AI development based in India, provides a wide range of services based on clients’ requirements. It specializes in designing and implementing new generative AI models and algorithms to promote automation, creativity, and productivity.
Additionally, it assists companies in leveraging the benefits of AI and furthering their business objectives with the help of Quality Management Systems and customer-oriented solutions.
Company Name: SoftwareMind
Industry Type: Financial Services, Healthcare, Telecom, Sports Betting, Food Processing
Company Stage: Unfunded
Headquarters: New Delhi, India
Founded Year: 1999
Founded By: Grzegorz Mlynarczyk
Revenue: US$40.9 million (As of 2022)
Employee Size: Approx 1,006
SoftwareMind is leading among the top generative AI Companies in India that offers cutting-edge solutions that drive innovation and growth of organizations. Its dedicated team of professional developers and AI experts employs state-of-the-art technologies and industry standards to ensure that each client receives a tailored solution. With a focus on creativity and performance, SoftwareMind assists organizations in navigating the constantly changing AI sphere.
Company Name: Leewayhertz Technologies Pvt Ltd
Industry Type: Banking & Finance, Manufacturing, Retail & E-commerce, Logistics, Healthcare, Technology, Consumer Electronics
Company Stage: Unfunded
Headquarters: Gurgaon, Haryana
Founded Year: 2007
Founded By: Akash Takyar
Revenue: US$4.38 million (As of 2022)
Employee Size: Approx 66
LeewayHertz is one of the most experienced generative AI development companies in India that provides numerous services aimed at helping businesses use AI solutions. Starting with intelligent automation and ending with predictive analytics, LeewayHertz will assist in realizing the essence of Artificial Intelligence to fulfill business strategies. They are deemed as a reliable AI solutions provider for businesses in India because of their dedication to quality and excellence.
Company Name: Appinventiv
Industry Type: Banking & Finance, Healthcare, Travel & Hospitality, Retail & E-commerce, Logistics, Consumer Electronics
Company Stage: Funding Raised
Headquarters: Noida, India
Founded Year: 2015
Founded By: Saurabh Singh, Sudeep Srivastava, and Prateek Saxena
Revenue: US$128.4 million
Employee Size: Approx 1265
Appinventiv is an AI Development Company among the top Generative AI companies in India that offers state-of-the-art Generative AI development services. It offers business AI solutions that aim at at improving the productivity, efficiency and competitiveness of businesses.
Appinventiv takes a user-centric and forward-thinking approach to delivering Artificial Intelligence solutions that solve business problems and deliver outcomes. Their team of great developers and AI specialists collaborates with clients to provide them with the best solutions to their problems.
Company Name: Solulab
Industry Type: Blockchain, Artificial Intelligence (AI), Internet of Things (IoT), Mobile applications, Web development
Company Stage: Unfunded
Headquarters: Ahmedabad, India
Founded Year: 2015
Founded By: Rajat Lala and Chintan Thakkar
Revenue: US$12.2 million
Employee Size: Approx 246
Solulab is one of the most prominent Generative AI companies in India majoring in unique solutions and high competence. As a premier Generative AI development company in India, Solulab values quality and works with the customer’s business needs to transform the world through the power of AI innovation. It offers a broad range of generative AI services that suit various corporate segments, thus qualifying them for the provision of Generative AI development services.
Company Name: Addepto
Industry Type: Transportation & Logistics, Manufacturing, Energy & Utilities, Automotive, Telecommunications, Real Estate, Gambling, Consumer Products & Services
Company Stage: Unfunded
Headquarters: Hyderabad, India
Founded Year: 2017
Founded By: Artur Haponik and Edwin Lisowski
Revenue: US$40.33 million (As of 2022)
Employee Size: Approx 47
Addepto is another of the foremost top generative AI companies in India providing the best Generative AI development services to clients' unique needs. They deliver solutions that enable the organization to meet the emerging challenges of the market. As a company that specializes in artificial intelligence solutions, Addepto is dedicated to using AI to support businesses in their strategic goals, with an emphasis on scalability and performance. Their team of talented developers and AI professionals collaborate with clients to develop bespoke products and thereby foster innovation.
Company Name: Damco Group
Industry Type: Financial Services & Insurance, Education, Manufacturing, Retail, Automotive, Energy and Utilities, Health and Social Care, Media & Entertainment, Telecom, Transportation and Logistics, Travel & Hospitality, Real Estate and Building Management
Company Stage: Unfunded
Headquarters: Faridabad, India
Founded Year: 1996
Founded By: Mohit Gupta, Dimple Gupta, Manish Gupta, and Archana Gupta.
Revenue: US$390 million
Employee Size: Approx 1600
Damco Group is another among the Generative AI Companies in India, and it is a reliable provider of Generative AI services for businesses that need to modernize their operations. As a leading generative AI development services provider in India, it aims to deliver more value and innovation to leverage business operations.
Damco Group assist companies in implementing and advancing artificial intelligence in their operations for business outcomes. Their wide range of AI offerings can address the various requirements of different forms of businesses, making them a go-to provider of Generative AI development services.
Company Name: Sparx IT Solutions
Industry Type: Information & Technology
Company Stage: Unfunded
Headquarters: Noida, India
Founded Year: 2007
Founded By: Prashant Sengar, Vikash Sharma, and Rohit Choudhary
Revenue: US$66.3 million
Employee Size: Approx 90
Sparx IT Solutions is one of the leading among the Generative AI Companies that cater to AI service with its unmatched expertise. As an IT company, Sparx IT Solutions remains unswerving in its passion for creativity and innovation, enabling organizations to unlock new possibilities and achieve the best outcomes with the help of AI systems.
Their experienced developer and AI partners work together with clients, providing fully customizable solutions that meet the needs of clients and exceed expectations.
Company Name: HashStudioz
Industry Type: E-commerce & Retail, Healthcare, Travel, Utilities and Smart cities, Internet of Things (IoT), Artificial Intelligence (AI), Blockchain, Cloud Computing, Mobility and Automation
Company Stage: Funding Raised
Headquarters: Noida, India
Founded Year: 2018
Founded By: Jitender Malik, Vishal Singhani, and Vivek Sanghi
Revenue: US $ 5 million
Employee Size: Approx 275
HashStudioz is a renowned company in India offering cutting-edge generative AI development services to provide organizations with innovative solutions and quality services for improved quality and customer satisfaction.
The company combines a broad range of AI solutions that address dynamic corporate requirements across industries. This is the reason that makes them the best suited for Generative AI development services.
Company Name: Azilen
Industry Type: Finance & Insurance, Retail, and Hospitality
Company Stage: Unfunded
Headquarters: Ahmedabad, Gujarat
Founded Year: 2009
Founded By: Not Available
Revenue: US$47.4 million
Employee Size: Approx 392
Azilen is one of the leading generative AI development services companies based in India, offering services in Generative AI Development with expert solutions designed to meet the unique needs of businesses. It enables businesses to unleash the AI potential to further business outcomes and goals.
Additionally, their team of professional developers and artificial intelligence experts aligns with customers to ensure premium and practical application in achieving organizational goals.
Under such dynamics in the field of artificial intelligence, one can most definitely discuss India’s presence in the sphere of generative artificial intelligence as meaningful and even impactful. The companies discussed in the article of the mark are the pioneers of AI companies in India; they embrace new ideas and strive for the best results.
Making use of sophisticated algorithms and massive datasets, these Indian firms are not only improving numerous industries by augmenting their efficiency and capabilities but also through their innovative solutions and technologies, acting as pioneers and setting up higher benchmarks of creativity in the contemporary landscape of the sector.
Overall, the current benchmarks are set by the top generative AI companies in India, the development of which is sure to be critical in the formation of the subsequent generation of AI solutions, making India an AI leader.
