India, June 26 -- Indian boardrooms spent much of the last two years announcing AI pilots. FY26 has started to reveal which of those pilots converted into measurable operating outcomes. Across sectors as varied as vehicle manufacturing, specialty paints, and retail credit, a set of listed companies are now citing AI directly in the context of revenue generation, cost reduction, and risk mitigation. Five of them are worth examining on the evidence available.

1. Piramal Finance Piramal Finance is the retail lending arm of Piramal Enterprises, with a portfolio spanning home loans, MSME credit, and consumer finance. Its AI rollout has been among the more operationally specific disclosures in Indian financial services, cutting across the cre...