Artificial Intelligence in

Manufacturing Industry
in India 2023 (Part-II)
APRIL 2023

Proprietary and Confidential, Copyright © 2023, Netscribes, Inc. All Rights Reserved
The content of this document is confidential and meant for the review of the recipient.
Disclaimer: The names or logos of other companies and products mentioned herein are the trademarks of their respective owners

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Table of Contents
Chapter 1: Chapter 4: Chapter 6:
Executive Summary Use Cases of AI in the Manufacturing Industry
Market Overview
1.1. Executive summary 6.1. Use cases of AI in the manufacturing industry
4.1. Manufacturing market –An overview
4.2. IoT in manufacturing market in India overview
4.2.1. Market size and growth forecast based on value
(FY 2021– FY 2027e)
4.3. Major global players providing AI-based manufacturing
Chapter 2: products/solutions Chapter 7:
Socio-economic Indicators Case Studies
2.1. Socio-economic indicators 7.1. Case study – Blue Star Limited
7.2. Case study – TVS Motor Company Limited
7.3. Case study – JK Tyre & Industries Limited
7.4. Case study – Bajaj Auto Limited
7.5. Case study – Asian Paints Limited

Chapter 3: Chapter 5: Chapter 8:

Introduction Application of AI in Manufacturing Impact of COVID-19
3.1. Market definition and structure 5.1. Major applications 8.1. Impact of COVID-19
3.2. Manufacturing industry in India 5.2. Sector-wise applications
3.3. Major stockholders

| SMART MANUFACTURING(INDUSTRY 4.0) MARKET IN INDIA 2023 2

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Table of Contents
Chapter 9: Chapter 11: Chapter 11:
Government Initiatives Competitive Landscape (Continued)
Competitive Landscape
9.1. Government initiatives 11.9. Microsoft Corporation India Private Limited
11.1. Tata Consultancy Services Limited
11.10. Universal Robots (India) Private Limited
₋ Company information
₋ Business description
₋ Products/Services
₋ Key people
Chapter 10: Chapter 12:
₋ Financial snapshot
Market Influencers Recent Developments
₋ Key business segments
10.1. Market drivers 12.1 Recent developments
₋ Key geographical segments
10.2. Market challenges
*Financial and market segments information covered only
for public companies
11.2. Wipro Limited
11.3. Abee Research Labs Private Limited
11.4 EroNkan Technologies Private Limited Chapter 13:
11.5. Flutura Business Solutions Private Limited Appendix
11.6. LivNSense Technologies Private Limited 13.1. Research methodology

11.7. Altizon Systems Private Limited 13.2. About Netscribes

11.8. IBM India Private Limited 13.3. Disclaimer

| SMART MANUFACTURING(INDUSTRY 4.0) MARKET IN INDIA 2023 3

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Chapter 1: Executive Summary

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Executive Summary

• The manufacturing industry in India is gradually shifting towards more automated and digitized manufacturing, which is expected to increase productivity
and efficiency
Market overview • Although the use of AI is growing at a slow pace in the industry, it is expected to disrupt the manufacturing market in the coming years
• The Internet of Things (IoT) in manufacturing market in India was valued at INR 422.57 Bn in FY 2022. It is expected to reach INR 774.90 Bn by FY 2027,
expanding at a compounded growth rate of 13.32% during the FY 2023 – FY 2027 period

Drivers Challenges
Drivers and • Supportive government initiatives • High-cost constraints
challenges • Increase in investments in AI in the manufacturing industry • Lack of emphasis in the research and development of AI
• Rise in the demand for IIoT and factory automation • Inaccuracy and cleaning of data

• Social distancing norms and the nationwide lockdown imposed by the government, which induced travel restrictions, migration of laborers, and supply chain
COVID-19 impact disruptions, created a multi-pronged negative effect on the manufacturing industry
• The pandemic accelerated the process of digital transformation in manufacturing

Major players

Competitive LivNSense Technologies Private

Tata Consultancy Services Limited Wipro Limited Abee Research Labs Private Limited
Limited
landscape
LivNSense Technologies Private Microsoft Corporation India Private Universal Robots (India) Private
IBM India Private Limited
Limited Limited Limited

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 5

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Chapter 11: Competitive Landscape

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Competition
Key players

Name Website

Tata Consultancy Services Limited www.tcs.com

Wipro Limited www.wipro.com

Abee Research Labs Private Limited https://switchon.io/

EroNkan Technologies Private Limited www.eronkan.com

Flutura Business Solutions Private Limited www.flutura.com

LivNSense Technologies Private Limited www.livnsense.com

Altizon Systems Private Limited www.altizon.com

IBM India Private Limited www.ibm.com

Microsoft Corporation India Private Limited www.microsoft.com/en-in

Universal Robots (India) Private Limited www.universal-robots.com

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 7

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Public: Domestic Company: Tata Consultancy Services Limited

Company information Business description

• Tata Consultancy Services (TCS) is a global provider of IT services, and consulting and
Tata Consultancy Services Limited
business solutions
TCS House, Raveline Street, Fort
Corporate address • The company offers its services and solutions to various industries including banking,
Mumbai – 400001
financial services, and insurance, manufacturing, retail, and telecom
India
• It offers end-to-end services, including cloud consulting, infrastructure services (IaaS),
Tel No. 91-22-6778 9999 platform services (PaaS), software services (SaaS), and industry-specific services to help
organizations in their cloud migration programs
Fax No. 91-22-6778 3000
• These services also enable enterprises to reduce overall operating costs, improve
Website www.tcs.com business agility, and reduce the time-to-market of new offering
• TCS Manufacturing Industry Solutions has assisted over a hundred manufacturers
Year of incorporation 1995 (India) worldwide in developing future-ready, globalized business processes by using our own
Stock exchange: Ticker TCS (NSEI) three-dimensional services model
• TCS Neural Manufacturing prepares manufacturers for the future by developing
connected, cognitive, and collaborative ecosystems
▪ Combinatorial trends in data analytics, artificial intelligence (AI), machine learning
Products/services (ML), cognitive computing, cloud computing, agile methodologies, and ubiquitous
connectivity are causing paradigm shifts in manufacturing enterprises' operating
Category Products/services models and business strategies

TCS Autoscape™ - Autonomous Vehicle Solutions, TCS

Manufacturing Autoscape™ - Connected Vehicle Solutions, Neural Key people
solutions Manufacturing™ Suite, TCS Equiptix, TCS IKRIS™, TCS
Strategic Cost Management Name Designation
N. Chandrasekaran Chairperson
K Krithivasan Chief Executive Officer
OP Bhatt Director
Dr. Pradeep Kumar Khosla Director

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 8

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Public: Domestic Company: Tata Consultancy Services Limited (Continued)
Financial snapshot Key ratios

INR Mn Particulars FY 2020 FY 2021 FY 2022 FY 2023

Total income Net profit / loss Profitability Ratios
Gross Margin % 44.0% 43.2% 43.3% 42.6%
27,00,000.0 22,54,580.00 4,50,000.0
Net Income Margin % 20.6% 19.8% 20.0% 18.7%
19,17,540.00 4,00,000.0
22,00,000.0 16,41,770.00 EBITDA Margin % 26.0% 27.4% 26.9% 26.3%
15,69,490.00 3,50,000.0 EBITA Margin % 24.6% 25.9% 25.4% 24.1%

3,83,270.00
17,00,000.0

4,21,470.00
3,00,000.0 EBIT Margin % 24.6% 25.9% 25.3% 24.1%
3,23,400.00

3,24,300.00
12,00,000.0 2,50,000.0 Return on Assets % 20.4% 21.1% 22.2% 23.8%
2,00,000.0 Return on Capital % 26.4% 28.3% 31.4% 34.5%
7,00,000.0 Return on Equity % 37.2% 37.9% 43.5% 46.7%
1,50,000.0
Return on Common Equity % 37.3% 38.0% 43.7% 46.9%
2,00,000.0 1,00,000.0
FY 2020 FY 2021 FY 2022 FY 2023 Liquidity Ratios
Current Ratio 3.3x 2.9x 2.6x 2.5x
Quick Ratio 2.9x 2.3x 2.2x 2.2x
Leverage Ratios
Total Debt/Equity 9.6% 8.9% 8.7% 8.4%
Key financial performance indicator Total Debt/Capital 8.8% 8.2% 8.0% 7.8%
Interest Coverage 41.8x 66.7x 61.8x 69.6x
Indicators Value (08/03/2023)
Efficiency Ratios
Market capitalization (INR Mn) 11,668,166.0 Total Asset Turnover 1.3x 1.3x 1.4x 1.6x
Fixed Asset Turnover 10.1x 8.3x 9.8x 11.7x
Accounts Receivable Turnover 4.1x 4.1x 4.4x 4.7x
Inventory Turnover NM NM NM NM
Financial year ending on 31 March, 2023

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 9

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Public: Domestic Company: Tata Consultancy Services Limited (Continued)

Key business segments Key geographic segments

100% 100%
8.13% 13.28% 12.49%
17.28% 7.89% 7.81%
90% 90%
10.34% 10.67% 10.91%
80% 80% 16.26% 16.03%
16.55% 16.49% 16.62% 16.70%
70% 70% 64.60% 63.68%
60% 60% 15.63% 15.85%
16.74% 15.59% 16.02% 16.64%
50% 50%
40% 10.49% 9.72% 9.42%
9.71% 40%
30% 30% 14.06% 14.74%
39.98% 49.69% 50.52%
20% 38.93% 39.18% 38.20% 20%
15.61% 15.86%
10% 10%
5.73% 5.71% 5.15% 5.11%
0% 0%
FY 2020 FY 2021 FY 2022 FY 2023 FY 2019 FY 2020 FY 2021 FY 2022
Others
India North America
Life Sciences and Healthcare
United Kingdom Europe - Continental Europe
Communication, Media and Technology Others
Retail and Consumer Business

Manufacturing

Geographic segmentation data not available for FY 2023

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 10

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Public: Domestic Company: Wipro Limited

Company information Business description

• Wipro Limited is a global IT, consulting, and business process service provider
Wipro Limited
• The company offers a wide range of IT solutions and services, including systems
Doddakannelli, Sarjapur Road
Corporate address integration and outsourcing, software application development and maintenance, and
Bengaluru – 560035
R&D services
India
• It also uses cognitive computing, hyper-automation, robotics, cloud computing,
Tel No. 91-80-28440011 analytics, and emerging advanced technologies to help its clients create successful and
adaptive businesses
Fax No. 91- 80-28440256
• At present, Wipro serves clients in more than 175 cities across six continents
Website www.wipro.com • In February 2021, it partnered with Estee Lauder to provide application-based
development and infrastructural maintenance and management services
Year of incorporation 1945 (India) • Wipro assists Industrial & Process Manufacturing businesses in their digital
Stock exchange: Ticker 507685 (BSE) transformational journey to achieve operational excellence and superior customer
experience across the entire value chain by leveraging a combination of its own IPs and
Platforms as well as the power of an unparalleled ecosystem of partners
• Wipro Holmes' AI-powered customizable solutions enable business leaders across the C-
Products/services suite and in every major industry to develop new or improved products or services by
leveraging augmented intelligence
Category Products/services
Business Process, Business Solutions, Cloud, Consulting,
Cybersecurity, Data & Analytics, Design & Experience. Key people
AI applications
Digital Marketing & Interaction, Engineering,
Infrastructure, Sustainability, Talent, Cloud Name Designation
Azim H. Premji Founder Chairman
Thierry Delaporte Chief Executive Officer and Managing Director
Rishad Premji Executive Chairman
Deepak M Satwalekar Independent Director

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 11

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Public: Domestic Company: Wipro Limited (Continued)
Financial snapshot Key ratios

INR Mn Particulars FY 2019 FY 2020 FY 2021 FY 2022

Total income Net profit/loss Profitability Ratios
Gross Margin % 29.5% 28.5% 31.7% 29.7%
10,00,000.0 1,30,000.0
7,90,934.0 Net Income Margin % 15.4% 15.9% 17.4% 15.4%
8,00,000.0 1,20,000.0 EBITDA Margin % 19.6% 20.0% 22.6% 20.0%
5,85,845.0 6,10,232.0 6,19,430.0 1,22,191.0 EBITA Margin % 16.6% 16.6% 20.3% 17.9%
6,00,000.0 1,10,000.0 16.6% 16.6% 19.5% 16.9%
1,07,946.0 EBIT Margin %
4,00,000.0 1,00,000.0 Return on Assets % 7.6% 7.7% 9.2% 8.8%
Return on Capital % 9.4% 9.6% 11.5% 11.2%
2,00,000.0 97,218.0 90,000.0
90,031.0 Return on Equity % 17.1% 17.3% 19.5% 20.2%
Return on Common Equity % 17.1% 17.3% 19.4% 20.2%
0 80,000.0
FY 2019 FY 2020 FY 2021 FY 2022 Liquidity Ratios
Current Ratio 2.7x 2.4x 2.3x 2.0x
Quick Ratio 2.5x 2.3x 2.1x 1.8x
Leverage Ratios
Total Debt/Equity 17.4% 17.4% 18.8% 26.7%
Key financial performance indicator Total Debt/Capital 14.8% 14.8% 15.9% 21.1%
Interest Coverage 17.4x 19.7x 28.1x 25.1x
Indicators Value (13/09/2022)
Efficiency Ratios
Market capitalization (INR Mn) 2,017,075.1 Total Asset Turnover 0.7x 0.7x 0.8x 0.8x
Fixed Asset Turnover 8.7x 7.2x 6.2x 7.5x
Accounts Receivable Turnover 4.1x 4.2x 4.3x 4.6x
Inventory Turnover 112.8x 150.0x 289.0x NM
Financial year ending on 31 March, 2022

| CLOUD INFRASTRUCTURE MARKET IN INDIA 2022 – 2027 12

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Public: Domestic Company: Wipro Limited (Continued)

Key business segments Key geographic segments

1.35% 1.30% 1.44% 0.92% 100%
100%
2.47% 1.91% 1.24% 0.78% 90%
90% 13.25% 30.79% 29.02% 30.42% 29.91%
13.06% 12.83% 11.44%
80%
80%
25.66% 26.56% 70%
70% 26.66% 29.34% 10.69% 10.95% 12.82%
60% 10.17%
60%
50%
50%
29.56% 28.88% 30.11% 40%
40% 28.54%
53.82% 55.47%
30%
30% 54.24%
20% 53.99%
20%
27.92% 28.73% 10% 3.28%
10% 28.64% 27.42% 5.22% 4.81% 4.38%
0%
0% FY 2019 FY 2020 FY 2021 FY 2022
FY 2019 FY 2020 FY 2021 FY 2022
India United States of America
India State Run Enterprise Segment (ISRE) United Kingdom Rest of the World
IT Products
IT Services - APMEA
IT Services - Europe
IT Services - Americas 2
IT Services - Americas 1

| CLOUD INFRASTRUCTURE MARKET IN INDIA 2022 – 2027 13

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Private: Domestic Company – Abee Research Labs Private Limited
Company information Business description
SwitchOn
• SwitchOn is a division of Abee Research Labs Private Limited
294/1, 7th Cross Rd, above Corporation Bank,
Corporate address • It is an AI-based IIoT company that assists manufacturing firms in increasing their
Domlur I Stage, Bengaluru,
operational efficiency by creating digital twins using AI at the Edge
Karnataka – 560071 ▪ The organization offers digital twins for various assets including stamping press,
packing machines, welding payloads, motors/gearboxes, and robotic arms
Tel no. +91-9535288345 ▪ It also provides a comprehensive end-to-end solution for increasing data transparency
Fax no. - from shop-floor to top-floor
• In June 2019, SwitchOn raised ~INR 70 Mn (USD 1 Mn) led by pi Ventures, Axilor, and
Website https://switchon.io/ Chennai Angels
▪ Using this funding, the company plans to strengthen its computing architecture and
Year of incorporation 2017 (India)
enhance market adoption in India, the European Union, and Asia-Pacific
• At present, it is working with enterprises in the automotive and FMCG discrete
manufacturing sectors in Asia-Pacific
• To date, SwitchOn has digitalized 150 assets (with the help of digital twin), analyzed 15
Products/services million events, generated 0.1 million real-time insights, and predicted two system
failures
Category Products/services

AI products for
Wireless sensors, AI-based digital twins, and advanced Key people
manufacturing
workflows powered by IoT
industry
Name Designation
Aniruddha Banerjee Co-founder
Avra Banerjee Co-founder
Balaji J.B Software Developer – Full Stack
Jyotindra Tiwari Data Engineer

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 14

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Private: Domestic Company – EroNkan Technologies Private Limited
Company information Business description
EroNkan Technologies Private Limited
• EroNkan Technologies Private Limited offers an industrial IoT platform using
4th Floor, Pushpak Building,
Corporate address technologies such as AI, machine learning, IoT, and automation technologies
Panchvati Cross Roads, Ellisbridge, • The company provides IIoT solutions to diverse sectors such as pharmaceuticals, food
Ahmedabad – 380006 and beverages, and discrete manufacturing industries
• EroNkan’s Industrial IoT Platform delivers features such as real-time overall equipment
Tel no. +91-8980086094
effectiveness (OEE) tracking, automated MIS report generation, manufacturing
Fax no. - analytics, alerting and resolutions, live KPI dashboards, productivity analysis, logbook
digitization, predictive analytics, third-party system integration, and superior security
Website www.eronkan.com controls
Year of incorporation 2014 (India) • In March 2019, GVFL Limited invested an undisclosed capital in EroNkan Technologies
▪ The infusion of this fund is expected to support the firm in conducting research and
trials required to develop its IIoT platform

Products/services

Category Products/services

AI-based IIoT Key people

EroNkan’s Industrial IoT Platform
platform
Name Designation
Rajan Vasa Co-founder and Chairman
Ketan Parekh Co-founder and Chief Executive Officer
Vish Desai Co-founder and Chief Technology Officer
Ravi Kumar GS Co-founder and Director

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 15

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Private: Domestic Company – Flutura Business Solutions Private Limited
Company information Business description
Flutura Business Solutions Private Limited
• Flutura Business Solutions Private Limited offers AI-based solutions for industries such
Corporate address No. 179, Floraison Workspace,
as heavy machinery, oil and gas, and process manufacturing
24th B Cross Road, Jayanagar 3rd Block,
• With the AI-based platform Cerebra, the company provides connected factory asset
Bangalore, Karnataka, India – 560 011 solutions and connected process solutions
Tel no. +91-8026641222 • The firm has worked with companies such as TechnipFMC, Al Mansoori, GTT, Henkel,
and Hitachi
Fax no. - • It is financially backed by venture capital firms and strategic partners in the US,
Website www.flutura.com Singapore, and Japan
• Apart from India, the organization has offices in the US, Singapore, and the Netherlands
Year of incorporation 2012 (India) • In October 2019, Flutura Business Solutions launched the video analytics module in the
Cerebra platform
▪ This analytics module helps in diagnosing asset downtime

Products/services

Category Products/services

AI Platform for Key people

Cerebra Connected Assets, Cerebra Connected Process,
manufacturing
and Video Analytics Solution
industry Name Designation
Krishnan Raman Co-founder and Chief Executive Officer
Srikanth Muralidhara Co-founder and Chief Customer Officer
Derick Jose Co-founder
Lijosh Joseph Director – Success Enablement

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 16

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Private: Domestic Company – LivNSense Technologies Private Limited
Company information Business description
LivNSense Technologies Private Limited
• LivNSense Technologies Private Limited develops innovative IIoT solutions for industries
#334/2nd Floor, StartupHuts,
Corporate address such as manufacturing, automotive, energy, and utilities
27th Main Road, 2nd Sector, • The company has developed the IIoT platform, iSense4i, using technologies such as
HSR Layout, Bangalore – 560102 Cloud computing, machine learning, AI, and data science
▪ iSense4i offers smart diagnostics, intelligent insights, digital twins, and smart analysis
Tel no. +91-80-413-00737 of multiple systems in a manufacturing facility
Fax no. - • The firm also provides solutions for welding machines, press shop and industrial
motors, and paint shop
Website www.livnsense.com ▪ LivNSense launched smart welding management (WELD 4.0) solution that helps in
improving efficiency, reliability, and safety of the welding process
Year of incorporation 2018 (India) ▪ The organization offers condition-based monitoring to track asset health status and
critical alerts
▪ It also provides AI-based real-time analysis of paint quality
• Leadec Industrial Services, Microsoft Azure, Google Cloud, and Dell are its key
Products/services technology partners

Category Products/services
AI-based IIoT
iSense4i
platform
Key people
AI solutions for Weldsense, condition-based monitoring for press shop and
manufacturing industrial motors, ai-led predictive quality for paint shop, Name Designation
industry industrial assets and worker tracking Priyanka Kumar Founder and Director
Prakash Sinha Data Scientist
Jesline Anna Data Science Engineer

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 17

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Private: Foreign Company – Altizon Systems Private Limited
Company information Business description
Altizon Systems Private Limited
• Altizon Systems Private Limited is a subsidiary of Altizon Inc., headquartered in
#101, Galore Tech Park,
Corporate address California, the US
Off NDA Pashan Road, Bavdhan, • Altizon offers Datonis industrial IoT solution for smart manufacturing
Pune, Maharashtra – 411021 • The company follows a technology-driven process for smart factories:
▪ Using Datonis IIoT Product Suite, the firm collects data from multiple sources to build
Tel No. +91-20-6790-3700 a manufacturing data lake
Fax No. - ▪ Altizon then uses statistical and machine learning models to analyze the data
▪ After this, it integrates the enterprise system with intelligent operation data
Website https://altizon.com/ ▪ And finally, it uses the analyzed data to built insightful reports
• Altizon offers its products in automotive, consumer packaged goods (CPG), chemical,
Year of incorporation 2013 (India) and other remote industrial sectors
• The organization has deployed the IIoT platform for over 100 enterprise users globally
• Companies including TVS Motor Company, JK Tyre & Industries Limited, Spectra
Symbol, and SRF Limited have leveraged Altizon’s Datonis IIoT Product Suite to gain
Products/services deep insights, drive digital transformation, and improve production line efficiency in
their manufacturing process
Category Products/services

AI products for
Datonis Industrial IoT Platform, Datonis Manufacturing Key people
manufacturing
Intelligence, Datonis Edge
industry
Name Designation
Vinay Nathan Co-founder and Chief Executive Officer
Yogesh Kulkarni Co-founder and Chief Operating Officer
Ranjit Nair Co-founder and Chief Technology Officer

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 18

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Private: Foreign Company – IBM India Private Limited
Company information Business description
IBM India Private Limited
No 12, Subramanya Arcade Bannerghatta Road • IBM India Private Limited serves as a subsidiary of IBM Corporation, headquartered in
Corporate address New York, the US
Bengaluru – 560029,
▪ IBM Corporation offers consulting, training and support, data storage, analysis,
India
network, and enterprise applications
Tel no. +91-80-4519-8660 • IBM offers Watson to its global clients that uses AI to analyze potential issues in
systems
Fax no. - • IBM Watson offers smart manufacturing solutions using IoT and AI to drive high
Website www.ibm.com production processes
▪ It prevents production delays, decreases equipment breakdowns, increases overall
Year of incorporation 1997 (India) equipment effectiveness, and controls equipment availability and performance
▪ IBM Watson also analyzes and predicts factory performance with cloud-based
machine learning
• Mahindra & Mahindra Limited (an automobile manufacturer in India), with the help of
IBM Watson, achieved product innovations throughout the development process,
Products/services decreased redundant work, and boosted its governance over the manufacturing
projects
Category Products/services

IBM Maximo Production Optimization, IBM Sterling Supply

Chain Insights with Watson, Maximo Asset Management Key people
Watson AI
(Maximo Scheduler, Maximo Calibration, Maximo ERP
Name Designation
Adapter, among others)
Libi Baskaran Chief of Staff & Strategy
Tanuj Tandon Deputy General Manager - Digital Transformation

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 19

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Private: Foreign Company – Microsoft Corporation India Private Limited
Company information Business description
Microsoft Corporation India Private Limited
10th Floor, Tower B & C DLF Building No.5 • Computer-related guidance and services are provided by Microsoft India
Corporate address (Epitome) Cyber City DLF Phase III, Gurugram, • The business offers support and solutions for numerous media applications, such as
Haryana – 122002, antivirus software, malware removal tools, computer security, phone apps and games,
India internet, workplace suites, and servers
• The company operates with offices in 11 cities of Ahmedabad, Bangalore, Chennai,
Tel no. +91-12-4415-8000 Hyderabad, Kochi, Kolkata, Mumbai, the NCR (New Delhi, Noida and Gurgaon) and
Pune, with 1,421 employees in the country, as of Februrary,2023
Fax no. +91-12-4415-8888
• Microsoft along with several technology partners ensures implementation of smart
Website www.microsoft.com/en-in manufacturing solution to its customers
▪ Technology partners includes Honeywell, Johnsons Control, Schneider Electric,
Year of incorporation 1990 (India) Siemens, Sight Machine, Viewpoint, ABB and others

Products/services

Category Products/services

Azure, Dynamics 365, HoloLens 2, Microsoft 365, Microsoft

Manufacturing Teams, Microsoft Power Platform, Autonomous systems Key people
Solutions with AI, Microsoft Cloud for Sustainability,365 Supply
Chain Management Name Designation

AI + Machine Learning, Analytics, Azure Stack, Blockchain, Anant Maheshwari President

Compute, Containers, Databases, Developer Tools,
Irina Ghose Chief Operating Officer
Others DevOps, Identity, Integration, Internet of Things,
Management, Media, Migration, Mixed Reality, Mobile, Hiren Israni Chief Financial Officer
Networking, others

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 20

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Private: Foreign Company – Universal Robots (India) Private Limited
Company information Business description
Universal Robots (India) Private Limited
Regus Centre, Level 9, Raheja Towers, 26-27, • Universal Robots (India) Private Limited is a subsidiary of Universal Robots A/S,
Corporate address headquartered in Odense, Denmark
Mahatma Gandhi Road
Bengaluru – 560001 • Universal Robots A/S develops and builds advanced tools and collaborative robots to
assist global manufacturers in addressing their labor requirements, increasing overall
Tel no. +91 91722 89666 productivity and improving product quality
▪ The company provides a wide range of collaborative robots (cobots) that are easy to
Fax no. - program, fast to install, and safe to use
Website www.universal-robots.com ▪ These cobots are developed to resolve issues in manufacturing operations in
businesses of all size
Year of incorporation 2014 (India) ▪ They are used in sectors such as food and agriculture, electronics and technology,
metal and machining, pharma and chemistry, plastic and polymers, and automotive
and subcontractors
▪ With a workforce of 680 employees, the firm has offices in 20 countries
▪ In 2015, Universal Robots A/S was acquired by Teradyne, Inc. to support Teradyne’s
early-mover market strategy in the industrial automation segment
Products/services ▪ Global manufacturers such as Aircraft Tooling Inc., ALPHA CORPORATION, Beijing BAI
Lear Automotive System Co., Limited, Continental Automotive Spain, EVCO Plastics,
Category Products/services and Ford Motor Company use Universal Robots’ robotic arms

Collaborative robots UR3e, UR5e, UR10e, UR16e

Vision (part location 2D, part location 3D, inspection, and Key people
metrology), accessories (cable guidance, feeders and
Name Designation
conveyors, tool changers, among others), software
(simulation software, path generation and planning, risk James Mckew Regional Sales director, Asia Pacific
UR+ solutions assessment), handling grippers (electric, pneumatic,
vacuum, among others), process end-effectors (screw Varun Punjani Head of Business Development (South Asia)
driving, riveting, sanding, polishing, among others), plug-
Pradeep David General Manager (South Asia)
ins and interfaces (communication protocol interfaces,
data collection and monitoring, among others)

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 21

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Private: Foreign Company – Universal Robots (India) Private Limited
(Continued)
Business description

• In India, Universal Robots was set up in Bangalore in 2016 to enable Indian SMEs to adopt industrial automation without having to eliminate its employees
▪ The company’s cobots offer four different payload options including, 3 kg, 5 kg, 10 kg, and 16 kg
• Manufacturers such as L'Oréal India Private Ltd, Bajaj Auto Limited, Blue Star Limited, Carl Zeiss India (Bangalore) Private Limited, Craft and Technik Industries (CATI), New Engineering
Works, Shruti Engineers, and SMEW Textile Machinery Private Limited deployed Universal Robots' robotic arms in their production facilities
• Bajaj Auto employed its first cobot in 2011 for material handling, assembly function, decal application, and a few other processes
▪ The firm eliminated ~85% downtime and achieved high productivity
▪ In 2019, it deployed over 100 cobots on its operational grounds
• Similarly, Aurolab in Madurai, India, has been employing cobots since 2012 to solve problems of running late-night shifts, product variability, and worker transition faced by the staffs
• In March 2019, Universal Robots partnered with one of India’s largest machine tool manufacturers, Bharat Fritz Werner (BFW) Limited
▪ With this partnership, Universal Robots disrupted the micro, small and medium enterprises (MSME) segment with top-notch automation solutions and machines to influence the overall
productivity, quality, and working conditions

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Chapter 12: Recent Developments

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Recent Developments

Date Category Description Impact

• Tata Technologies singed a MoU with the government of Uttar Pradesh to modernize
government- owned Industrial Training Institutes (ITIs) throughout the state with modern
Government and private firm infrastructure, industry-focused training, and support for hardware and software
February 27, 2023 ▪ The MoU has been signed for 10 years and is an attempt to transform the ITIs into Industry High
partnership
4.0. technology hubs
▪ By March 2024, the project is anticipated to be completed
▪ It reflects the government push towards the Industry 4.0 revolution in the country

• ABB India Limited, an automation technology provider, inaugurated new facility at Nashik,
Maharashtra to expand its production capacity of Gas Insulated Switchgear (GIS)
Market Expansion ▪ The new facility deploys robotics, implements smart and lean manufacturing capabilities
February 25, 2023 Medium
Technology adoption and utilizes 100 % renewable energy for low-carbon emission production
• The facility will support ABB to cater to large customers and will accelerate the adoption
of smart manufacturing in India

• Matrix Clothing, an India based textile manufacturer, implemented a smart factory

shopfloor management solution named WFX Smart Factory software from WFX – World
January 24,2023 Technology adoption Fashion Exchange, another Indian based provider for software solutions for the fashion, Medium
apparel, home furnishing industry
▪ WFX Smart Factory software is implemented for industrial optimization and production
performance that provides data-driven decisions

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Recent Developments (Continued)

Date Category Description Impact

• Schneider Electric India Private Limited, a supplier and manufacturer of electrical
equipment, announced to invest Rs. 425 crore to build a new smart factory in Bengaluru
by consolidating existing 6 out of the 10 existing facilities resulting in a 10 lakh square
December 22, 2022 Market Expansion feet facility from existing 5 lakh square feet Medium
▪ The consolidation of factories to build smart factory will positively impact the
production of energy meters, UPS, digital energy solutions for data centers for the
company
▪ Increase in production level, will supplement the export from India to other countries

• Capgemini partnered with Microsoft to offer cloud-native, serverless Azure-based digital

twin technology called ReflectIOD
▪ It enables the manufacturing industry to optimize operations, maintenance and asset
October 12,2022 Partnership and collaboration Medium
availability by utilizing cloud services and digital twin concept to information collected
from multiple systems and formats, such as geographical data, three- dimensional data
and industrial of Things

• In order to keep up with the rapidly increasing demand for its Smart Power solutions and
energy management technologies, ABB India modernized and extended its Smart Power
Market Expansion facility in Nelamangala, Bangalore, by implementing Industry 5.0 production procedures
Medium
August 29,2022 Technology adoption ▪ The facility meets the growing need across industries, including infrastructure,
utilities, residential and commercial structures, renewable energy sources like solar
and wind, and many more

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Chapter 13: Appendix

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Appendix

Research Methodology

Problem identification Defining objectives Information gathering Analysis Reporting

The analyst identifies key questions The analyst then defines the The next stage of research is The qualitative and quantitative The analyst then creates a report
that he/she would like to address research objectives and conducted utilizing secondary and findings from the previous stages with the support of his findings and
from the market study. methodologies which form the basis primary sources of information. are brought together by specialists analysis, with help from an editorial
of the research. to perform a rigorous analysis. The team.
He/she describes the major They conduct an in-depth study of market trends, drivers, and
challenges that would help clients the Indian market, identifying and opportunities obtained during the
understanding the industry, all over understanding its key stakeholders, analysis are compared with
India, or for a specific region. drivers, trends, challenges, and economic indicators, sector growth
opportunities, covering major rates, population index, among
market segments others, to ensure consistency of the
data. After consistency is ensured,
Primary research complements the these historical and present
secondary research, as and when indicators help to understand how
required, as it helps gain insights the market will perform in the
from the industries directly, by future. The proprietary forecasting
communicating with senior model factors in all these indicators
executives, key opinion leaders, and to predict the future market
independent consultants who are accurately.
experts in their industries, or
specific industry sectors.

| ARTIFICIAL INTELLIGENCE IN INDIAN MANUFACTURING INDUSTRY 2023 27

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About Netscribes
Netscribes is a global market intelligence and content services provider that helps
corporations achieve strategic objectives through a wide range of offerings. Our solutions
rely on a unique combination of qualitative and quantitative primary research,
secondary/desk research, social media analytics, and IP research. For more than 15 years,
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The content of this document is confidential and meant for the review of the recipient.
Disclaimer: The names or logos of other companies and products mentioned herein are the trademarks of their respective owners

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Office Locations and Geographical Coverage

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Disclaimer

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