Discovery

Paramatrix is actively offering IoT solutions through its integrated technology platforms, emphasizing data analytics, cloud services, and digital process automation, which indicates significant deployment and integration of IoT into their service offerings for businesses.

CWD Limited is a leading IoT design house in India, specializing in consumer electronics and enterprise solutions. They have developed diverse IoT products integrating AI/ML, short and long-range radio technologies like NFC, Bluetooth, and 5G LTE. Additionally, they partner with major chipset suppliers to streamline advanced IoT solutions, demonstrating a substantive commitment to IoT.

The company integrates IoT in its farming operations, particularly within its Maritech Eco Park, which employs IoT-enabled automation for real-time monitoring and management. This strategic use of IoT technology highlights the company's advanced aquaculture practices and commitment to scaling operations through technological innovation.

Aimtron Electronics is advancing significantly in the IoT sector, featuring prominently in its strategic expansion plans. Significant IoT device orders highlight substantial commercial activity, reflecting the company's ability to deliver advanced IoT solutions as evidenced by their recent major contracts and engagement in Industrial IoT segments.

The company has demonstrably integrated IoT across its service offerings, emphasizing smart monitoring and accountability systems. With its first-of-kind AI and IoT-based digital transformation frameworks, RNIT targets critical infrastructure, advancing digital governance capabilities at significant scale, reflecting meaningful involvement in IoT technology for organizational improvement.

HPL Electric & Power Limited has developed and launched 4G/5G compatible NB-IoT technology smart metering solutions, marking them as a key player in the IoT domain. This innovative approach to smart metering has gained significant importance with rising digital demands, and HPL has positioned itself as a prominent supplier supporting automated utility management systems across India.

Aurionpro's involvement in the transit solutions sector, specifically through smart transit and automated fare collection systems, indicates their deployment of IoT technologies in real-world applications at scale. Their projects with major metros in India signify their capability and strategic focus on integrating IoT for urban mobility solutions.

Minda Corporation’s Information & Connected Systems vertical contributed meaningfully to revenues and grew 32% YoY in Q3, with products such as digital instrument clusters, telematics, vehicle connectivity solutions and battery telematics, demonstrating a material business focus on connected vehicle functionalities that go beyond internal automation to commercial offerings.

Allcargo Logistics has deployed operational telematics and site-level monitoring (Hub Eye, Gate Scan, consignment tracking and vehicle mapping) across a network of 700+ facilities, 90+ hubs and a 9,000-truck ecosystem, providing real-time visibility and pickup efficiency gains. These implementations reflect a substantive IoT-style rollout that materially impacts operations and customer SLAs across the Allcargo Logistics network.

Kirloskar Brothers Limited has launched IoT offerings KirloSmartTM 2.0 and 2.1 and is integrating condition monitoring into pumps and service offerings, indicating a clear strategic intent to monetise aftermarket services and remote monitoring. These IoT iterations at KBL aim to increase recurring revenues, improve uptime for customers and differentiate the company’s lifecycle value proposition.

Eureka Forbes is embedding connected features across new product lines — SmartClean robotics, Smart Air Purifiers with auto modes and voice control — and is building a D2C platform to leverage its >15 million customer database, which demonstrates Eureka Forbes’ strategic move to monetize device connectivity, remote services and lifetime customer relationships at scale.

BlackBuck operates telematics, vehicle tracking and fuel sensor businesses as core, revenue-generating offerings and reports record-high sales across telematics products; this represents material IoT commercialization. BlackBuck's telematics and sensor hardware drive recurring services, direct costs and measurable contribution, indicating IoT is not experimental but a scaled, monetized pillar of the business with meaningful P&L impact.

Snowman Logistics demonstrates material, company-wide IoT deployment across its cold-chain network with a 24x7 command centre, online chamber monitoring, digital locks, and the SNOWCHECK mobile app. These systems are integral to daily operations across 45 warehouses and 1,55,099 pallet capacity, indicating strategic intent to use IoT as a core operational capability rather than a pilot.

Kaynes Technology India Limited positions itself as an integrated, IoT‑enabled solutions provider with product engineering, cloud platforms, proprietary sensors and 200+ R&D staff, and derives revenue from IoT/IT/consumer verticals while offering end‑to‑end connected product engineering and analytics, establishing a commercial IoT offering beyond internal automation.

The company has deliberately expanded into industrial software and connectivity: acquisition of MICROSYS (SCADA), development of MARC software, and adding GSM-enabled solar string inverters show Rishabh Instruments Limited is building industrial IoT and remote-monitoring solutions that are productized, commercially deployed, and integrated across its hardware portfolio, indicating a material, revenue-facing IoT strategy rather than ad-hoc R&D.

JK Tyre & Industries Ltd. has moved beyond basic TPMS by commercializing embedded smart tyres with integrated sensors that monitor pressure, temperature and leaks in real time, signalling a transition from product innovation to connected tyre offerings; this launch, combined with earlier TPMS products, shows strategic intent to create data-enabled tyre solutions and engage fleet and OEM customers with telemetry capabilities.

Hitachi Energy India is commercializing digital and IoT solutions for grid assets through TXpertT Hub, Lumada Inspection Insights and remote operation of HVDC terminals, signalling scalable deployments; Hitachi Energy India is building a digital services BU and selling lifecycle, monitoring and analytics capabilities that demonstrate clear monetization intent beyond pilots, targeting service revenues and asset optimisation contracts.

In 2023 Mamata Machinery integrated Industry 4.0 and IoT capabilities into its machine platforms and maintains in-house software and electronics capabilities supported by a DSIR-recognised R&D centre and 91 engineers. This demonstrates Mamata Machinery’s strategic intent to offer connected, software-enabled equipment that enables remote diagnostics, data-led service offerings and potential after-sales monetisation.

IndiQube has a commercial, deployed technology stack (MiQube) integrating interconnected smart devices, a tenant app, service delivery applications and a space management module, with over 107,000 downloads and nearly one million transactions across nine months. IndiQube monetizes these capabilities through workspace bookings, hot desk configuration, and operational efficiency features, making IoT a revenue‑accretive operating pillar rather than an R&D pilot.

Bharti Airtel treats IoT as a scaled revenue vertical within its B2B portfolio, reporting strong growth and leading positions in several segments; Airtel positions IoT alongside Cloud and CPaaS as part of digital adjacencies growing at robust rates and being monetized through targeted enterprise solutions and large customer engagements.

Macpower CNC Machines Limited has developed an in-house CNC controller (Macatrol®) and is actively promoting Industry 4.0-enabled smart machines, automation kits and gantry/robotic solutions that indicate a strategic, product-led move into connected machine controls and aftermarket annuity services by Macpower.

Remsons Industries Limited has scaled capabilities relevant to IoT and vehicle electronics through the Uni Automation acquisition (sensor manufacturing, software, 10,000 clean room), a JV with Daiichi to develop infotainment, digital clusters and ADAS-related components, and integrated electronics offerings. These moves reflect strategic intent and monetizable deployments of embedded sensors and connected vehicle systems across OEM programs.

SEIL is embedding IoT and digital services into its core offerings via EcoStruxure, SCADA/EMS projects, and the newly launched GMSeT switchgear with embedded sensors for predictive maintenance. The company sells connected hardware plus analytics and service contracts, indicating IoT is a revenue and differentiation axis rather than a peripheral capability for Schneider Electric Infrastructure Limited.

TVS Supply Chain Solutions explicitly lists IoT as a core technology capability and embeds IoT-based tracking and visibility across large-scale warehouse and in-plant operations across 24.7 million sq.ft and 26 countries, showing material scale. TVS Supply Chain Solutions uses IoT to provide real-time visibility and analytics to customers, indicating strategic intent to monetise connected logistics at scale.

Salzer Electronics has made a clear, material strategic move into smart metering with a dedicated manufacturing facility, validated meter technology incorporating GPRS, RF‑mesh and NB‑IoT, and installed approval pipeline across multiple DISCOMs; the company invested capital and set up a 4 million meter annual capacity, signalling IoT as a core new vertical for Salzer Electronics.

Kinetic Engineering Limited has entered a strategic technology tie‑up between Kinetic Watts & Volts and Jio Things to integrate Jio’s end‑to‑end IoT stack into its EVs, enabling telematics, cloud analytics, voice‑assisted interactions and connected instrument clusters as part of product offerings.

Laxmi Dental Limited sells iScanPro intraoral scanners and has deployed 160+ scanners in India, generating material scanner revenues (INR 64 million in Q3, INR 213 million 9MFY26). These connected hardware devices are commercialized and used to drive B2B2C workflows and Scan‑as‑a‑Service offerings, demonstrating a monetized hardware + data workflow consistent with IoT product commercialization.

Genus Power Infrastructures Limited is a core IoT player through its mass deployment of connected smart meters, supported by in‑house communication stacks (GPRS, RF, NB‑IoT) and Head End Systems (HES). The company has manufactured ~100 million meters overall and produced 98 lakh smart meters in 9MFY26, demonstrating meaningful scale and commercial IoT monetization.

Affordable Robotic & Automation Limited offers end-to-end solutions that integrate hardware, warehouse execution systems, robotic agents and data integration layers, effectively delivering IoT-enabled automation platforms. ARAPL's Humro subsidiary and its Warehouse Execution System indicate a clear strategy to monetize connected robotic fleets and operational data across customers in the US and Europe.

Aditya Infotech operates an extensive IoT and cloud-enabled product stack (smart home cloud cameras, 4G cameras, integrated VMS platform, EV station management and time-attendance solutions) and describes platform, cloud and Security-as-a-Service ambitions. The breadth of IoT products, active cloud initiatives and a stated roadmap to monetize analytics show a meaningful strategic commitment by Aditya Infotech to IoT as a revenue vertical.

Creative Newtech is purposefully building a surveillance and smart-technology vertical—adding video door phones, edge-enabled surveillance, structured cabling and system-integration capabilities—that represents a clear IoT play. By combining STQC-certified OEM partnerships, local assembly and end-to-end SI offerings, Creative Newtech is moving from pass-through distribution toward monetizable IoT deployments across smart cities, transport and enterprise security projects.

MapmyIndia shows material scale and strategic focus on IoT: IoT-led revenue grew 44% YoY to ₹117.1 crore for 9MFY26 and now represents a meaningful share of consolidated revenue and margin profile. Management has a dedicated subsidiary and GTM motion for IoT, calling it an independent growth vector with large TAM and stickiness for upselling map services.

GMR Power and Urban Infra Limited (GPUIL) demonstrates a material IoT play through its Advanced Metering Infrastructure program and smart-meter business, with a stated project size of 7.57 million meters and ~30 lakh meters installed to date. Smart-meter revenue contributed ~21.7% of Q3FY26 consolidated income and is a clear revenue-generating vertical with meaningful proforma EBITDA, showing GPUIL is beyond pilot stage and scaling deployments.

Lumax Auto Technologies Limited is building a meaningful IoT footprint via telematics and connected-vehicle hardware: Ituran Telematics and Lumax Ituran Telematics supply TCUs and telematics solutions to OEMs including Daimler India and generate recurring aftermarket opportunities, with management explicitly planning to double Telematics revenue over 12–18 months and expand eCAN solutions for EVs.

Mindteck has productized an IoT framework comprising edge devices, LPWAN, cloud and on‑prem deployments, and added computer vision, AI/ML and analytics capabilities since 2020–21, demonstrating sustained strategic investment into IoT solutions beyond experimental pilots and embedding these capabilities into its product engineering and managed services portfolios.

Signpost India states it was the first Indian company to design and deploy smart IoT data systems into DOOH, integrating cloud CMS, sensors and telemetry across its digital screens and transit assets. Signpost India’s large-scale IoT deployment is core to its product offering, enabling real-time analytics, programmatic control and operational telemetry which materially differentiates the company in the OOH market.

Gulf has material exposure to IoT-enabled charging solutions via its ~26% investment in Techperspect (ElectreeFi), a SaaS/CMS provider with over 15,000 chargers on its platform and 100k+ app downloads. This positions Gulf to monetize software and telematics services for chargers and fleets, linking its lubricant distribution and EV charging offerings into an integrated, tech-enabled service layer at scale.

Calcom Vision Limited has established a Smart/IoT business vertical led by its Executive Director and offers LED Smart Bulbs, Smart Battens and Smart Downlights as commercially available products, showing clear strategic intent to monetise connected lighting products across residential and commercial customers.

Niyogin Fintech's iServeU subsidiary demonstrates material IoT exposure through large-scale payments terminal deployments: total soundbox units reached 408.3K with 79.6K units deployed in Q3 FY26 alone, indicating product-market fit and monetization via acquiring, UPI and value-added services. This scale positions Niyogin as a commercial IoT hardware + software provider in merchant payments, not merely a pilot.

NIS Management Limited operates technology-enabled operations across 700+ electronic attendance sites and 600+ remotely monitored sites, using ERP, mobile attendance, QR-code monitoring and remote supervision to manage 1,500+ client sites and ~18,000 personnel. This demonstrates material IoT/remote-monitoring deployment supporting recurring billing and service delivery at scale for the company.

Univastu India Ltd has a deliberate technology play via its joint subsidiary Univastu NUOS IoT Systems Pvt. Ltd., which focuses on wireless BMS and automation for metros and commercial buildings, and the company markets IoT‑enabled Metro BMS and energy‑efficient net‑zero structures as a core service, showing clear strategic deployment of IoT at commercial scale by Univastu India Ltd.

Optiemus Infracom Limited has a clear strategic intent to become a material player in cellular IoT: it has a partnership with a global leader in IoT modules and a planned commercial go‑live for module manufacturing in April 2026, indicating scale-up of factory capacity and a new recurring revenue stream for IoT device connectivity solutions.

ORIL is deploying sensor-based IoT architectures (bearing vibration and temperature sensors, LoRa gateways and cloud analytics) as part of its smart wagon program with HUM Industrial, indicating substantive IoT productization rather than a pilot. Oriental Rail Infrastructure Limited is targeting fleet-level rollouts and monetization through analytics and recurring services, demonstrating meaningful scale and commercialization intent in IoT-enabled rail solutions.

Tejas Networks is executing large‑scale Sat‑IoT deployments and was recognized for its Satcom IoT solution; the company states it is deploying the world’s largest Sat‑IoT network for vehicle tracking. These are material, revenue‑generating IoT implementations, demonstrating that Tejas Networks operates IoT solutions at commercial scale rather than pilot stage.

Havells India Limited has moved beyond internal pilots to commercial IoT-enabled products with launches such as EnTrack energy monitoring devices, Novante IoT washing machines and other IoT-enabled appliances, indicating product-level monetization rather than mere R&D experiments, and positioning the company to capture recurring service or value-added revenue in energy management and smart-home segments.

HCL Technologies qualifies for the IoT/edge bucket via its Physical AI offerings such as VisionX 2.0, edge-to-cloud design, zero-touch provisioning and integration with NVIDIA Metropolis, Dell and HPE. HCL Technologies is commercializing edge AI use cases across surveillance, industrial inspection and predictive equipment failure, showing repeatable, verticalized solutions and tangible deployments beyond pilot-stage experimentation.

Rajesh Power Services Ltd. demonstrates material IoT exposure through its 25.48% stake in HKRP Innovations Ltd., which has centralized 1,500+ distribution substations on a single SCADA platform and claims monitoring of 30,000+ nodes and 10,000+ MW using Industrial IoT and cloud technologies, indicating an operating, monetized technology platform serving utilities and renewable assets.

Adani Energy Solutions (AESL) operates a material smart‑metering business with over 1 crore cumulative meters installed, a 24.6 million meter orderbook and revenue potential of Rs 29,519 crore, demonstrating clear commercial IoT deployment at scale and recurring service economics across DBFOOT concession contracts.