Top 10 Artificial Intelligence Companies in Mumbai – [2025 Updated]

 
Mumbai, often recognized as India’s financial hub, is rapidly emerging as a pivotal centre for innovation and artificial intelligence (AI). With a thriving ecosystem of AI companies in Mumbai, the city now supports a wave of next-gen startups, research labs, and enterprise AI partnerships. According to the 2025 India AI Industry Overview by AIM Research, Mumbai is among the top three AI-driven cities in India, reporting a 27% annual increase in AI project deployments, particularly in finance, logistics, and healthcare. 

The city’s strategic location, robust infrastructure, and access to a vast talent pool from premier institutions like the Indian Institute of Technology (IIT) Bombay and the Tata Institute of Fundamental Research (TIFR) continue to bolster its rise as an AI powerhouse. 

Government initiatives such as the Maharashtra State Innovation Society (MSInS) and the Mumbai Fintech Hub now offer dedicated AI acceleration programs, while incubators like AI Ventures and BharatGPT-backed labs provide robust support to AI startups in Mumbai. 

This ecosystem—combined with increased investor interest, policy support, and access to scalable cloud infrastructure—has made Mumbai an ideal location for AI innovation and development. 

This blog introduces you to the top Artificial Intelligence companies in Mumbai, comparing the AI services they offer, the industries they cater to, and the AI models used by them. It also explores future trends in AI and provides guidance on how to successfully collaborate with Mumbai’s leading software companies to enhance your business operations. 

Beyond Mumbai, numerous AI companies in India are making significant strides in sectors like healthcare, finance, and retail. These organizations are leveraging AI to drive innovation and operational efficiency across the nation. 

Why Should You Read Our Information?

• Long-Standing Experience: With over 20 years in the IT domain, we bring a wealth of experience and insights to this analysis.
  
• Research-Backed Solutions: Our information is grounded in meticulous research, consulting multiple credible sources before developing our analysis. Check out our recently developed AI Solutions.
  
• Technological Pioneers: Our early adoption of emerging technologies like Blockchain, Artificial Intelligence/Machine Learning, and IoT reflects our proactive approach to staying ahead in the IT landscape.
  
• Custom Software Solutions: Our dedicated development team offers end-to-end custom software solutions, AI/ ML Development, IT consultation and staff augmentation services.
  
• ISO Certification: Our adherence to international standards ensures the quality of our information. Owing to the above credentials Clutch has awarded us with numerous badges.
   

Our Criteria for Selecting the Top AI Companies in Mumbai

1. Solution Depth & Technological Innovation 

Top AI companies are evaluated based on their ability to deliver high-performance, scalable AI systems that use advanced technologies such as: 

• Natural Language Processing (NLP) 

• Computer Vision 

• Time-Series Forecasting 

• Generative AI (e.g., GPT-4o, Llama 3) 

• Reinforcement Learning (RLHF) 

For Example: Softlabs Group is renowned for developing innovative AI solutions that effectively address complex challenges and deliver impactful results. Have a closer look at their research-backed AI solutions.

In 2025, we also consider integration with AI agents, foundation models, and autonomous pipelines as key indicators of technological leadership. 

2. User Impact and Value Creation 

We measure success by real-world outcomes such as: 

• Reduction in operational cost 

• Improved user satisfaction scores 

• Deployment of AI that achieves measurable ROI (e.g., >30% faster response time, 40% drop in manual intervention) 

• Use of AI in real-time decision-making scenarios like health diagnostics, fraud detection, or predictive maintenance 

AI solutions that focus on low hallucination rates, actionable insights, and enterprise-level adoption receive higher ratings.These solutions should enhance user experience, boost productivity, and provide tangible benefits. Examples include AI-driven customer service platforms, predictive maintenance systems, and smart inventory management systems.  

3. Technological Adaptability 

The AI field is evolving rapidly—our listed companies demonstrate: 

• Active use of LLM fine-tuning 

• Deployment of vector databases and RAG pipelines 

• Continuous upgrades in their ML models and toolkits (e.g., MLOps, LangChain, OpenCV, Hugging Face) 

• Ability to adapt to frameworks like IndiaAI compute stack and cloud-native AI architectures 

4. Industry Versatility 

Top performers provide cross-sector AI applications, addressing specific challenges in: 

• AI for Healthcare (e.g., imaging diagnostics, patient engagement) 

• AI for AI Finance (e.g., KYC fraud detection, lending analytics) 

• AI for Retail (e.g., personalization engines, smart pricing) 

• AI for Logistics (e.g., fleet prediction, route optimization) 

• AI for Construction (e.g., AI-led quality control, smart warehousing) 

Bonus points are awarded to companies with domain-specific models and deployment-ready APIs. 

5. Ethical & Responsible AI Practices 

In line with India’s 2024 Data Protection laws and AI ethics guidelines, we prioritize firms that implement: 

• Bias detection & mitigation techniques 

• Transparent model explainability 

• GDPR / DPDP Act compliance 

• AI fairness audits and governance layers 

• Clear model risk management documentation 

Companies building trustworthy AI with high interpretability and privacy-by-design architecture stand out. By focusing on these criteria, we can identify the top AI solutions companies that are driving innovation and delivering significant value in the field of artificial intelligence.

Top AI Companies in Mumbai

Here’s a list of top artificial intelligence companies in Mumbai, have a closer look at their company profiles!

1. Softlabs Group

 

Established in 2003 and headquartered in Mumbai’s bustling Lower Parel district, Softlabs Group is a global leader in delivering innovative AI-powered software solutions. Over the past two decades, the company has successfully completed 5000+ projects across 25+ countries, catering to industries such as finance, real estate, healthcare, construction, and manufacturing.

Softlabs Group stands out for its ability to solve ground-level challenges with custom-built AI solutions, particularly in the construction and manufacturing sectors. Their expertise includes AI-powered workplace safety systems, compliance monitoring tools, and predictive analytics, which address critical operational and safety issues. Custom AI development is their USP, enabling businesses to overcome unique challenges with tailored, scalable solutions.

Harnessing cutting-edge AI technologies such as GPT-4, computer vision, cognitive computing, and recommendation systems, Softlabs Group ensures every solution is designed to drive efficiency and precision. With ISO Certification, D-U-N-S Registration, and a team of 50–100 skilled professionals, the company is trusted globally for its quality and innovation. Projects start at $10,000, reflecting their commitment to delivering impactful, cost-effective results that transform industries.
infrastructure, and intelligent automation. Known for its ability to build scalable, enterprise-grade systems, the company offers services across industries including finance, logistics, real estate, and manufacturing. 
In 2025, Softlabs Group has significantly expanded its global presence, actively participating in top international tech events like GITEX Europe (Berlin) and IndiaSoft 2025 (Delhi). Their recent win at Graham Bell Awards 2025 showcasing their recent product reflects a strategic push to grow business across high-potential regions and showcase its AI capabilities on the world stage. 

AI Products

1. AI System for Predicting Weather

2. AI for Vehicle Identification

3. AI-Powered Sales Forecasting

4. AI-powered Inventory Tracking System

5. AI-based supply chain optimization

6. AI-driven risk management

2. Binmile

Established in 2017, Binmile Technologies is based in Noida, a key IT hub in northern India. Renowned for its commitment to quality and innovation, the company specializes in offering tailored software solutions to industries like banking, healthcare, retail, and logistics. With a strong focus on AI-driven digital transformation, Binmile delivers services such as advanced SaaS development, custom software engineering, and intelligent automation solutions. Their global footprint spans the USA, UK, UAE, and Indonesia, enabling them to provide world-class technology solutions that empower businesses to thrive in a competitive landscape.

As of 2025, Binmile is expanding its AI service portfolio to include Generative AI integrations, predictive analytics engines, and LLM-enhanced automation workflows. The company’s focus remains on delivering measurable business outcomes through real-time data systems, agile product development, and automation-led modernization. 

AI Products

1. AI-based image recognition

2. AI-driven customer service chatbots 

3. Code B

Founded in 2018 and headquartered in Mumbai, Code B Solutions Pvt. Ltd. specializes in providing cutting-edge IT services tailored to the needs of modern businesses. With expertise in AI development, web and mobile application development, DevOps, and blockchain solutions, the company delivers innovative and scalable technologies that drive business transformation. Code B caters to industries such as gaming, SaaS, and financial services, ensuring seamless digital experiences and operational efficiency for its clients.

As of 2025, Code B continues to strengthen its position in high-demand sectors like gaming, SaaS platforms, and financial services, with a renewed focus on integrating AI-powered personalization, real-time analytics, and cloud-native infrastructure into its solutions. 

AI Products

1. AI-based image recognition

2. AI-enhanced personalized marketing

4. Qure AI

Established in 2016 and headquartered in the bustling Andheri East area of Mumbai, Qure.ai is a pioneer in AI-powered healthcare solutions. The company excels in using deep learning to analyze radiology images, offering state-of-the-art diagnostic tools that enhance medical imaging accuracy. Qure.ai’s innovations include AI solutions for interpreting chest X-rays, CT scans, and other imaging modalities, significantly improving diagnosis speed and precision. With its solutions deployed in over 80 countries, Qure.ai continues to transform healthcare accessibility, enabling better patient outcomes across the globe.

In 2025, Qure.ai’s solutions are deployed in over 80 countries, with growing adoption in emerging markets and public health initiatives. Their FDA-cleared and CE-certified products now support AI-assisted triage, tuberculosis screening, stroke detection, and brain CT interpretation, making them a trusted AI partner for hospitals, governments, and NGOs. 

 

AI Products

1. AI-enabled task automation 

2. AI-based sales forecasting 

5. Neosoft

Established in 1996, NeoSOFT is headquartered in Mumbai’s Dadar West district. With over 25 years of experience, the company has become a leading global IT consulting and software solutions provider, serving more than 1,500 clients worldwide. NeoSOFT offers a comprehensive range of services, including digital transformation, product engineering, application development, artificial intelligence, and the Internet of Things (IoT). Their AI services encompass data science, big data analytics, and intelligent automation, enabling businesses to harness the power of machine learning and predictive analytics. Operating from multiple delivery centers across India, NeoSOFT employs over 4,000 full-time engineers, ensuring robust and scalable solutions for diverse industry sectors.

As of 2025, NeoSOFT continues to evolve its offerings around enterprise AI, AI-led decision systems, and smart workflow orchestration, serving both Fortune 500 firms and fast-scaling startups. With 4,000+ full-time engineers across delivery centers in India and abroad, the company ensures engineering excellence and global scalability. 

AI Products

1. AI-based financial analysis 

2. AI-driven risk management 

6. Think 360

Founded in 2018 and headquartered in Hessle, United Kingdom, Think360.ai is a full-stack data science and AI-focused firm dedicated to driving intelligent transformation across various industries. The company specializes in creating innovative solutions utilizing advanced analytics, AI/ML, and mobile cloud computing. Serving sectors such as financial services, healthcare, oil and gas, and retail, Think360.ai assists clients in becoming data-driven differentiators in the marketplace. Their services include data integration, insights management, and the development of intelligent applications that leverage machine learning and predictive analytics. With a commitment to excellence, Think360.ai partners with clients at the intersection of data algorithms, technology, and business to solve complex challenges and achieve desired business outcomes. 

In 2025, the company continues to enhance its product offerings with real-time ML pipelines, LLM-augmented applications, and AI-powered credit risk and behavioral analytics, particularly for BFSI clients in India and global markets. By operating at the convergence of data, algorithms, and business strategy, Think360.ai helps organizations solve complex operational challenges and unlock measurable business value.

AI Products

1. AI-driven risk management

2. AI-driven customer service chatbots

7. Kyndryl

Established in 2021 as a spin-off from IBM’s infrastructure services division, Kyndryl Holdings, Inc. is headquartered in New York City. As a leading global IT infrastructure services provider, Kyndryl specializes in designing, building, managing, and modernizing complex, mission-critical information systems. Their service offerings encompass cloud services, core enterprise and zCloud services, application, data, and artificial intelligence services, digital workplace services, security and resiliency services, as well as network and edge services. Kyndryl operates in over 60 countries, serving a diverse clientele across various industries, including financial services, technology, media and telecom, retail and travel, and automotive sectors.

As of 2025, Kyndryl is increasingly embedding AI and automation across enterprise digital infrastructure, helping clients modernize their IT stack while improving resilience, observability, and scalability. Their India-based teams, including in Mumbai, support large-scale transformation projects across telecom, banking, retail, and manufacturing sectors. 

AI Products

1. AI-enabled task automation

2. AI-enhanced image recognition

8. Hub AI Technologies

Established in 2020, Hub-AI Technologies Pvt. Ltd. is headquartered in Mumbai’s Bandra-Kurla Complex, a prominent business district in the city’s western region. The company specializes in providing innovative solutions across various domains, including Artificial Intelligence (AI), SAP services, and full-stack development. Their AI offerings encompass machine learning, computer vision, and data-driven products tailored to diverse industry needs. With a portfolio of over 69 projects spanning more than nine industries, Hub-AI has built a reputation for delivering customized solutions that drive business transformation. The company boasts a dedicated team of over 200 professionals, combining creativity and technical expertise to address complex challenges. Committed to fostering growth and innovation, Hub-AI serves a global clientele, including Fortune 500 companies, by simplifying the path to digital advancement through AI-powered efficiency and automation.

In 2025, the company continues to grow its influence, supporting Fortune 500 clients and expanding its offerings around cloud-native AI deployment, SAP-integrated ML systems, and AI operations optimization. Backed by 200+ specialists, Hub-AI emphasizes innovation, adaptability, and cross-platform intelligence to simplify enterprise advancement.

AI Products

1. AI-based fraud detection (Banking) 

2. Automated data analysis with AI

9. Innovacio Technologies

Established in 2019 and headquartered in Kolkata, India, Innovacio Technologies is a leading provider of digital transformation solutions with a focus on artificial intelligence (AI) and blockchain technologies. The company offers a diverse range of services, including AI and machine learning for process automation, software and mobile app development, game development, augmented and virtual reality solutions, and data analytics for informed decision-making. Serving various sectors such as fintech, healthcare, supply chain management, and more, Innovation Technologies is committed to delivering innovative and efficient solutions that drive business growth and operational excellence.

As of 2025, Innovacio Technologies is expanding its AI capabilities around smart workflow automation, conversational AI systems, and data analytics for hyper-personalized services. With a commitment to efficiency, creativity, and scalable impact, the company continues to deliver innovative solutions that support business agility and measurable growth.

AI Products

1. AI-driven product recommendations (E-commerce) 

2. AI-based supply chain optimization

10. Indus Net Technologies

Established in 1997 and headquartered in Kolkata, India, Indus Net Technologies (INT.) is a full-stack digital service company specializing in technology, analytics, and marketing solutions. With over 25 years of experience, INT. has delivered more than 11,000 projects to over 500 clients across 40+ countries. Their services encompass digital engineering, AI and analytics, customer experience and marketing, and Web 3.0 solutions, catering to industries such as banking, insurance, healthcare, and retail. INT. operates from multiple offices worldwide, including locations in the UK, USA, and Singapore, and employs over 850 professionals dedicated to driving digital transformation and creating disruptive products.

In 2025, INT. is focused on expanding its AI-led service offerings, including predictive customer intelligence, NLP-driven platforms, and advanced analytics dashboards.

AI Products

1. AI-powered trend prediction

2. AI-driven customer service chatbot

 

Client Testimonials

Here’s what client companies have to say about the top AI companies in Mumbai.

Future Trends in AI

Staying abreast of IT trends is essential for businesses aiming to maintain a competitive edge in 2025. Current advancements include the rise of foundation models, the surge in enterprise AI agents, deeper integration of multimodal AI, and AI’s convergence with edge computing and cybersecurity frameworks. 

AI is no longer limited to experimentation or isolated business functions—it is now embedded in mission-critical operations, from autonomous decision systems in manufacturing to AI copilots in enterprise software. The shift from models like GPT-3.5 to GPT-4o and Llama 3 has introduced multimodal fluency, enabling AI to understand and generate text, code, images, voice, and video with near-human accuracy and response speed. 

In 2025, AI is evolving to become autonomous, explainable, and operationally resilient. Real-time feedback loops, edge-deployable agents, and domain-specific fine-tuning are allowing businesses to build intelligent systems that are not just reactive but strategically proactive. 

According to recent reports by Gartner and IDC, over 78% of new enterprise software platforms in 2025 now include native GenAI features, with sectors like healthcare, fintech, and logistics leading adoption. This shift highlights the urgency for businesses to retire outdated AI models and invest in context-aware, low-latency, and secure AI infrastructure.

How to Integrate AI Successfully into Your Business?

Integrating AI into your business requires a strategic approach to ensure successful implementation and maximum benefit:

1. Identify Use Cases: Find specific business problems AI can solve, like automating customer service or optimizing the supply chain. 

2. Build a Data Strategy: Ensure you have a plan for collecting, storing, and analyzing data. The data should be clean and accessible for AI systems. 

3. Invest in the Right Technology: Choose AI tools that match your business needs and are scalable and easy to integrate, like machine learning software and cloud services. 

4. Develop AI Skills: Invest in training and development to build AI expertise within your organization. This includes hiring AI specialists, providing training for existing employees, and fostering a culture of continuous learning. 

5. Start Small and Scale: Begin with pilot projects to test AI applications and use the insights gained from these projects to scale. This iterative approach helps manage risks and ensures a smooth transition  

6. Ensure Ethical AI Practices: Implement ethical guidelines to ensure responsible AI usage. This includes transparency, fairness, and accountability in AI decision-making processes.  

By focusing on these strategies, businesses can effectively integrate AI, drive innovation, and achieve significant operational improvements.

Wrapping Up!

Mumbai is a thriving hub of AI innovation, driven by extensive research, strategic government policies, and substantial funding opportunities. Key qualities of a good AI development company include delivering innovative and complex solutions, significantly impacting end users, adapting to emerging technologies, having diverse industry exposure, and maintaining ethical AI practices.
 
Collaborating with AI services companies enables businesses to integrate advanced technologies like machine learning and natural language processing into their operations. These partnerships facilitate the development of customized AI solutions that address specific business challenges and drive innovation.

Softlabs Group continues to stand out in 2025 as one of Mumbai’s most trusted AI partners. With over two decades of engineering excellence, deep industry exposure, and proven AI systems ranging from AI agents to predictive analytics platforms, Softlabs Group consistently aligns with the needs of both mid-sized enterprises and global clients

Reach out to Softlabs Group with a click!