iMerit, a leading AI data solutions company, has opened its 12th global location, an Automotive AI Center of Excellence, in Coimbatore, Tamil Nadu. This expansion aims to capitalise on the projected growth of the automotive AI market, estimated to reach USD 7.5 billion by 2028. The company has already hired over 220 employees in Coimbatore and plans to double this number in the next fiscal year. iMerit’s focus on ethical AI practices, combined with Coimbatore’s reputation as a safe and livable city, contributed to the location choice.
The new center was inaugurated by Dr. Palanivel Thiagarajan, Tamil Nadu’s Minister of Information Technology and Digital Services. iMerit CEO and founder Radha Ramaswami Basu highlighted the significance of Coimbatore’s existing IT and automotive industries. The company’s growth strategy is fueled by its AI data software, Ango Hub, and a strong focus on autonomous mobility.
“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. Organisations operating in sectors such as Artificial Intelligence, computer vision, and data augmentation are poised to transform industries on a global scale. 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% 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,” stated Dr. Palanivel Thiagarajan, Honorable Minister of IT and Digital Services, Government of Tamil Nadu. iMerit’s expansion plans
Coimbatore is iMerit’s 12th location globally, demonstrating the company’s ongoing expansion. The company’s commitment to gender equality is reflected in its 50% female workforce, a statistic maintained since its inception. iMerit also boasts a 90% employee retention rate.
“Coimbatore is a historic cultural and industrial venue. It is already famous for its IT and Automotive sectors. I am very pleased to bring these together with iMerit’s Automotive AI vertical. Automotive AI is our largest vertical. 60% of our revenues come from cutting-edge companies in autonomous mobility including trucking, ADAS (Advanced Driver Assistance Systems) and drones,” said Radha Ramaswami Basu, CEO and founder, iMerit Inc.
iMerit’s commitment to responsible AI is reflected in its ethical practices. The company’s choice of Coimbatore, recognised as one of India’s most livable cities with a high ranking for women’s safety, aligns with these values. iMerit is also actively expanding its business within India.
iMerit’s focus on the automotive AI sector
iMerit’s focus on the automotive AI sector aligns with the industry’s projected Compound Annual Growth Rate (CAGR) of 21.5% by 2028, as reported by Nasscom. This growth signifies a potential revolution in the automotive industry. The company’s investment in Coimbatore underscores its commitment to this rapidly expanding market.
The global AI data management market is experiencing significant growth, estimated at USD 25.53 billion in 2023. This market is projected to grow at a CAGR of 22.7% from 2024 to 2030, further emphasising the importance of iMerit’s strategic focus. The company’s expertise in AI data solutions positions it well to capitalise on this growth.
iMerit has been operating in the global AI data business for over a decade, serving clients across various sectors including automotive, healthcare, agriculture, fintech, and generative AI. The company’s proprietary software, Ango Hub, with specialised capabilities for 3D sensors, is a key driver of new customer acquisition. This software’s success played a significant role in the decision to establish a presence in Coimbatore.
Anupam Biswas, iMerit’s Chief Delivery Officer, emphasised the importance of data quality in AI technology, particularly in computer vision and multisensor fusion, which are crucial for advancements in autonomous vehicles. The Coimbatore area offers a strong talent pool with a mix of experienced and young professionals, facilitating iMerit’s rapid expansion in this new location.
