Coimbatore, Tamil Nadu: iMerit, a software-delivered AI data solutions company has launched an Automotive Artificial intelligence (AI) Center of Excellence in Coimbatore, Tamil Nadu. The new center, iMerit’s 12th location, was inaugurated by Dr Palanivel Thiagarajan, the Minister of Information Technology and Digital Services for Tamil Nadu, in the presence of employees, guests, and senior executives from iMerit. iMerit has already hired over 220 employees in Coimbatore and has plans to double this in the next fiscal year. The company continues to invest in developing industry-leading software and solutions for AI Data to support its customers in autonomous mobility, medical AI, and technology. According to a Nasscom report, the international market size of the automotive industry with AI is forecasted to reach a whopping $7.5 billion. The market will also grow at a rate of 21.5 per cent CAGR by 2028, which will be a revolution in the industry.
iMerit is unique within the technology sector, with its leading AI data software Ango Hub driving customer traction and backed by 5000+ experts in computer vision and generative AI. The company enjoys a 90 per cent employee retention rate and has maintained a gender ratio of 50 per cent women since its inception. Dr. Palanivel Thiagarajan, Honorable Minister of IT and Digital Services, Government of Tamil Nadu, said, “This event signifies a critical milestone, illustrating the remarkable speed at which visionary leadership and dedicated execution can effect change. The establishment of an office within six months—from initial discussions to formal inauguration—constitutes an exceptional accomplishment. Organizations operating in sectors such as Artificial Intelligence, computer vision, and data augmentation are poised to transform industries globally. Moreover, these companies are fostering inclusive growth by advancing historically underserved communities, generating employment opportunities, and equipping individuals with advanced skill sets. Notably, with women comprising 52 per cent of the workforce, many serving as sole breadwinners, this model embodies innovation, social equity, and empowerment—a true reflection of Tamil Nadu’s Chief Minister Thiru M.K. Stalin’s ambition & excellence.”
Speaking on the occasion, Radha Ramaswami Basu, CEO and founder, iMerit Inc said, “Coimbatore is a historic cultural and industrial venue. It is already famous for its IT and Automotive sectors. I am pleased to bring these together with iMerit’s Automotive AI vertical. Automotive AI is our largest vertical. 60 per cent of our revenues come from cutting-edge companies in autonomous mobility including trucking, ADAS (Advanced Driver Assistance Systems), and drones.” iMerit has been in the global AI data business for over a decade with customers across innovative and mission-critical sectors such as automotive, healthcare, agriculture, fintech, and recently, generative AI. Its software Ango Hub, with specialized industry capabilities such as 3D sensors, has driven new customer acquisition, resulting in the strategic decision to put down roots in Coimbatore. The global AI data management market size is estimated at USD 25.53 billion in 2023 and is expected to grow at a CAGR of 22.7 per cent from 2024 to 2030.
