Total AI Cos. Registered
3,138
Companies registered with AI or AI-related terms in name
Source: MCA Company Registry, May 2025–May 2026
General Tech / Software
89.7%
2,815 companies with no industry-specific focus in name
Source: MCA Company Registry (name-based classification)
Sector-Specific AI Cos.
323
Across 12 identifiable industry verticals
Source: MCA Company Registry; SBSI analysis
Categories Showing Uptick
4 / 13
General Tech, EdTech, Logistics & Media showed rising registrations
Source: SBSI trend analysis of MCA data, May 2025–May 2026
Total Registered
3,138
AI-named companies, MCA
Generic Tech
89.7%
No sector-specific name
Sector-Specific
323
Across 12 verticals
Rising Categories
4 / 13
Showing registration uptick

Overview

An analysis of new company registrations in India from May 2025 to May 2026, drawn from the MCA database.

An analysis of new company registrations in India from April 2025 to April 2026 shows that nearly 90% of companies registered with AI or AI-related terms were generic software solutions. Categorisation is based purely on the name of the company. It is possible some of them will be specific to some industry, but that does not stand out in the names for 2,815 out of 3,138 companies in the MCA database.

Of the remaining 10%, 54, or about 1.7%, were declaring themselves as offering AI in FinTech & Finance, followed by 52 in EdTech, 44 in Healthcare, and no less than 37 in Media & Creative. The least number — just 8 — offered services in Retail and E-commerce.

Industry Distribution

Breakdown of AI company registrations by sector, showing count, share, and 13-month trend. Hover over bars and sparklines for details.

Detailed Breakdown with 13-Month Trend
Source: MCA Company Registry (name-based classification)  ·  * Industry inferred from keywords in registered company names
Industry Count Share Proportion 12-Month Trend
Source: Ministry of Corporate Affairs (MCA) Company Registry, May 2025–May 2026. Industry categorisation inferred from keywords in registered company names. Social media, Wikipedia, and unverified sources are not used in this analysis.

Trend Analysis

Monthly Registration Trend — General Tech & Software
May 2025 – May 2026 · Hover for monthly counts · Source: MCA Company Registry
Source: Ministry of Corporate Affairs (MCA) Company Registry, May 2025–May 2026. The General Tech & Software category is charted separately as it accounts for 89.7% of all AI company registrations. The "Staircase Effect" refers to sustained month-on-month registration growth, first observed in this category by SBSI Research.
"Only 4 of 13 categories showed an uptick in registrations — and only one, the General AI Tech category, shows what may be described as 'The Staircase Effect': more registrations in May 2026 than in May 2025."
— SBSI Research Analysis, 2026

Of the 13 categories identified, only 4 — General Tech, EdTech, Logistics, and Media — showed an uptick in registrations, and only one, the General AI Tech category, shows what may be described as The Staircase Effect — more registrations in May 2026 than in May 2025.

What This Implies

This seems to suggest many who have named themselves blandly as AI could be riding the wave, have wide-spectrum AI solutions in mind and therefore nothing specific in mind except AI agents of any and all kind, and quite a few may be planning to but have allowed themselves the luxury to pivot as needed.

Presumably, the MCA has scrutinised their Articles of Association and found them genuinely offering AI technology, and not simply engaging in AI Washing.

In any case, it is interesting to note increasing activity: competition should force innovation and investment; AI only stands to gain if we develop our own sovereign AI stack.