Avance Technologies has signed a non-binding term sheet to acquire up to a 100 per cent equity stake in Pushpak AI, a computer vision and edge artificial intelligence platform headquartered in Hyderabad. The proposed transaction comes amid rapid global expansion in the artificial intelligence market, which is projected to reach USD 2.4 trillion by 2032.

If completed, the acquisition would mark Avance Technologies’ entry into the high-growth visual intelligence and edge AI ecosystem, a segment seeing accelerated adoption across manufacturing, infrastructure, smart cities, retail, logistics and industrial automation. Computer vision and edge-based analytics are increasingly being used to improve operational efficiency, ensure safety compliance and enable real-time decision-making.

In the Indian context, artificial intelligence adoption is expected to add nearly USD 500 billion to GDP by 2035, with computer vision playing a key role in areas such as surveillance, productivity monitoring, intelligent traffic management and industrial automation. The proposed acquisition would allow Avance Technologies to gain full strategic and operational control, enabling deeper integration of Pushpak AI’s intellectual property, platforms and enterprise relationships to drive long-term value creation.

Pushpak AI has built a broad enterprise client base across automotive, infrastructure, manufacturing, smart cities, logistics and financial services. Its solutions have been deployed by leading organisations including Maruti Suzuki, TVS Motor Company, Hero MotoCorp, Larsen & Toubro, Adani Group, CMS Info Systems and IndiCold.

The platform also serves organisations such as GMDA, Spice Money, RapiPay, DigiNexus, Vardhman Group, Shanthi Feeds and OnlyGood, along with government and defence-linked institutions including Military College of Electronics and Mechanical Engineering. This wide adoption across private enterprises, public infrastructure projects and institutional clients underlines Pushpak AI’s scalability and readiness for large-scale, mission-critical deployments.