10 Best Robotics Companies in India for 2023
Robotics is the branch of engineering and technology that deals with the design, construction, operation, and use of robots as well as computer systems for their control, sensory feedback, and information processing. Robots can be used in many different industries, from manufacturing to healthcare. In India, robotics technology has been a growing industry since the early 2000s.
India is the largest consumer of robots in Asia and ranks fourth in the world. It is expected to witness a compound annual growth rate (CAGR) of around 24.3% between 2020 and 2023, with the number of installations set to exceed 16,000 by 2023. This growth has been largely driven by the rising demand for automation in the manufacturing sector. Robotics is one of the fastest-growing industries in India, with a projected market size of $3.49 billion by 2025. The country has become a hub for robotics companies, with many startups and established firms leading the way.
Here are the Top 10 robotics companies in India 2023:
ABB is one of the top Robotics Companies in India, founded in 1988, that offers a wide array of services. ABB has its headquarters located in Bangalore and is projected to churn out a whopping revenue of $8 billion by 2022. Boasting over 105,000 trained employees from over 100 countries, ABB provides innovative solutions and technologies for customers across electrification, robotics automation, and many other areas. By utilizing its vast resources and knowledge, ABB can provide superior solutions to complex problems regarding business transformation for companies all around the world.
2. KUKA Robotics (India) Private Limited:
KUKA Robotics (India) Private Limited is one of the leading Robotics Companies in India. It was founded in 2017 and is headquartered in Bangalore, India. In 2022, KUKA Robotics is projected to earn a revenue of $3.5 billion and increase its employee base from 300 to 500 workers. The company currently manufactures 15,000 robots each year and primarily produces robotic arms used in various industries such as automobiles and engineering.
KUKA Robotics has ventured into multiple other robotics-related businesses, such as programming solutions for automakers, offering customized robots for any application, and providing service and support for customers globally. Their products have the highest quality standards set by global organizations such as ISO9001 and IATF16949:2016. With an extensive network of advisors, investors, government resources, and technology partners they are well-positioned to become a Robotics leader in India and abroad.
3. Precision Automation & Robotics India:
Precision Automation & Robotics India (PARI) is one of the most well-known robotics companies in India. Founded in 2017 and headquartered in Pune, it has evolved from a team of three to a company with a staff of over 500 employees. PARI has already built hundreds of robots for clients all over the world, and estimates show that its revenue will reach an incredible $740 million by 2022. It continues to be a leader in the robotics innovation industry and its success has been commended by many well-known technology experts.
As an engineering marvel, PARI is revolutionizing the way we think about automation, particularly Robotics-as-a-Service (RaaS), which has allowed it to create some extraordinary solutions for its customers. Despite having achieved massive growth since its establishment 14 years ago, this robotics powerhouse shows no sign of stopping anytime soon.
4. Grey Orange Robotics:
Founded in 2011, and based out of Gurgaon, Grey Orange Robotics is a startup that specializes in warehouse automation solutions. Their products include robotic sorters and automated storage systems. GO is a leading provider of robotics and automation solutions in India. In 2022, the company is projected to have a revenue of around 170 Million USD and employs thousands of people from across the country. The company offers integrated robotic material handling solutions, with its two core products – Butler and Sorter – being used by many e-commerce companies to automate their warehouses. GO has created over 1,500 robots for customers across 24 countries, and has also launched its range of robots.
5. Hi-Tech Robotic Systemz:
Hi-Tech Robotic Systemz, founded in 2014 and headquartered in Gurugram, India, has rapidly become one of the leading Robotics Companies in India. By 2022, their estimated revenue is expected to reach over $52 million, allowing them to employ nearly 1000 employees worldwide. So far they have created over 400 robots designed to increase industrial yields while reducing costs and waste.
Their products range from assembly line robots to autonomous machines ranging from miniature sizes to huge 10-meter-tall giants that can carry out large-scale industrial production with highly significant results. As most of these robots are operated remotely or autonomously, offering minimal risk of potential injuries due to human error. With Hi-Tech Robotics Systemz’s promise and efficiency, they are quickly becoming an integral part of the Robotics Manufacturing sector in India.
6. DiFACTO Robotics:
DiFACTO Robotics is one of the leading Robotics companies in India. Established in 2007, this company has risen to success quickly and currently has its headquarters in Bangalore. It projects a record-high revenue of USD 25 Million by the year 2022. With a workforce of over 500 dedicated employees and 300 robots successfully created, DiFACTO Robotics is well-suited to achieve its goal of becoming an industry leader. Their principles of hard work and innovation have served them well so far and look set to gain even more success in the future.
Gridbots, one of the leading Robotics Companies in India, was founded in 2007 with a team of engineers and robotics experts. Based out of Ahmedabad, Gridbots is renowned for its smart and industrial robots. With an estimated revenue of $6 million by 2022, Gridbots currently employs more than 300 people spread across locations, with over 100 robots created to address large industrial challenges such as waste management and Robotics Automation Solutions (RAS). Their products are known for their enhanced performance, better accuracy, and designs that can tackle the toughest of environments.
8. ASIMOV Robotics:
ASIMOV Robotics is one of the most renowned Robotics Companies in India. Founded in 2012 by an all-star team of Robotics experts and entrepreneurs, the company is headquartered in Kochi, Kerala, and has experienced rapid growth over the past few years. In 2022 alone, ASIMOV Robotics was able to bring in nearly $2 Million in revenue due to its rich bouquet of services offered. The core engineering team consists of an agile workforce of over 250 members and is continuously being expanded. Given that Robotics remains one of the most sought-after skill sets across industries today, it can be safely said that ASIMOV Robotics is well on its way to becoming a household name concerning Robotics technologies and solutions.
9. Sastra Robotics:
Sastra Robotics is a leading Robotics Companies In India, founded in 2013 and headquartered in Cochin, Kerala. It has been at the forefront of innovation with its robots created for home care, healthcare, and other industrial automation applications. By 2022, the company is projected to have generated over 1.5 Million rupees in revenue and employ more than 1,000 employees. All the robots developed by Sastra Robotics are designed to be inputted with special commands that allow them to carry out complex tasks without human intervention. With cutting-edge robotics technology and an experienced team driving innovation, Sastra Robotics has positioned itself as a leader among Robotics Companies in India.
Systematics is a robotics company based in India that was founded in 1995. The company’s headquarters is located in Banglore, the cultural capital of Karnataka. Systemantics works to create robots and androids that are equipped with advanced artificial intelligence. According to market analysts, the company will be generating revenues of around $1 Million by 2022. As of 2021, over 1200 dedicated employees are working at Systemantics Robotics and they have created more than 30 robots for various use cases ranging from manufacturing to logistics. It is one of the leading Robotics Companies in India, pioneering the way for robotic automation solutions and innovative AI technology.
The robotics industry in India is growing rapidly and all signs point to it becoming a major player in the global market. Companies such as DiFACTO Robotics, Precision Automation & Robotics India (PARI), Hi-Tech Robotic Systemz, and KUKA Robotics are leading the way for the innovation and development of robots for various applications. These companies have achieved impressive success so far by employing hundreds of workers, creating thousands of robots per year, and generating billions of dollars in revenue.
These robotics companies will continue to drive forward progress in automation and remain at the forefront of technological advancement. As new technologies emerge, they can provide valuable solutions to real-world problems while significantly improving efficiency and productivity across many sectors. All things considered, the robotics industry in India is a promising one and it will be exciting to see what the future holds.