Avance Technologies Limited has signed a non-binding term sheet to acquire up to 100% equity stake in Pushpak AI, a Hyderabad-based computer vision and edge AI platform. The announcement positions the BSE-listed technology solutions provider to enter the high-growth visual intelligence sector amid rapid expansion in the global artificial intelligence market. The proposed acquisition enables Avance Technologies to enter the visual intelligence and edge AI ecosystem, a segment experiencing accelerated adoption across manufacturing, infrastructure, smart cities, retail, logistics, and industrial automation sectors.
The strategic move aligns with the company's strategy of building ownership in scalable, IP-led technology platforms with proven enterprise adoption. The global AI market is projected to reach USD 2.40 trillion by 2032, while India's AI contribution to GDP is expected to reach USD 500.00 billion by 2035. Avance Technologies currently maintains a market capitalization of ₹196.21 crores, positioning the acquisition as a significant strategic expansion for the technology solutions provider.
Pushpak AI has established a diverse enterprise client portfolio serving leading organizations across multiple sectors. The platform's solutions have been deployed by marquee clients including Maruti Suzuki, TVS Motor Company, and Hero in the automotive sector, Larsen & Toubro and Adani Group in infrastructure, and CMS Info Systems, Spice Money, and RapiPay in financial services. Additional deployments span logistics companies like IndiCold and Everest Fleet, government entities including Smart City Bhubaneswar and GMDA, and defense applications through the Military College of Electronics and Mechanical Engineering.
Pushpak AI operates as a computer vision and edge AI analytics platform incubated at T-Hub, Hyderabad. The platform transforms visual data into actionable intelligence by processing camera feeds, videos, images, and documents at the edge for low-latency insights and real-time alerts. Core solution offerings include safety and SOP compliance monitoring, people and vehicle counting systems, facial recognition and emotion analytics, intelligent traffic and perimeter security, and Intelligent Document Processing (DocAI) for invoices, government IDs, and bank statements.
Latesh Poojary, Managing Director of Avance Technologies Limited, stated that the proposed acquisition aligns with the company's strategy of building ownership in scalable, IP-led technology platforms with proven enterprise adoption. According to Poojary, full ownership enables deeper integration, accelerated go-to-market execution, and long-term value creation from the rapidly expanding AI and computer vision ecosystem. The acquisition would provide Avance Technologies with complete strategic and operational control, enabling deeper integration of Pushpak AI's intellectual property, platforms, and enterprise relationships.
