Avance Technologies has signed a non-binding term sheet to acquire up to 100% equity stake in Pushpak AI, a Hyderabad-based company specializing in Computer Vision and Edge AI platforms. The move signals the company’s strategic entry into the rapidly expanding artificial intelligence sector.
The announcement comes at a time when the global artificial intelligence market is experiencing unprecedented growth. Industry estimates project the market to reach USD 2.4 trillion by 2032, driven by increasing adoption across multiple sectors.
The proposed acquisition would position Avance Technologies in the high-growth visual intelligence and edge AI ecosystem. This segment is witnessing accelerated adoption across diverse industries including manufacturing, infrastructure, smart cities, retail, logistics, and industrial automation.
Computer vision and edge-based AI analytics are becoming essential tools for operational efficiency, safety compliance, and real-time decision-making capabilities. In India specifically, AI adoption is projected to contribute nearly USD 500 billion to GDP by 2035, with computer vision playing a crucial role in surveillance, productivity tracking, intelligent traffic systems, and industrial automation.
Pushpak AI has established a strong presence in the enterprise market, serving leading organizations across multiple sectors. The company’s client portfolio includes prominent names such as Maruti Suzuki, TVS Motor Company, Hero, Larsen & Toubro, Adani Group, CMS Info Systems, IndiCold, Envoys, Everest Fleet, and Smart City Bhubaneswar.
The platform has also been deployed by institutions and enterprises including GMDA, Spice Money, RapiPay, DigiNexus, Vardhman Group, Shanthi Feeds, and OnlyGood. Additionally, the company serves government and defence-linked institutions, including MCEME (Military College of Electronics and Mechanical Engineering).
The proposed acquisition would enable Avance Technologies to exercise full strategic and operational control over Pushpak AI. This would allow deeper integration of the company’s intellectual property, platforms, and enterprise relationships.
The broad adoption of Pushpak AI’s solutions across private enterprises, public infrastructure projects, and institutional customers demonstrates the platform’s scalability and readiness for large-scale, mission-critical deployments in the automotive, infrastructure, manufacturing, smart city, logistics, and financial services sectors.
