Kolkata-based Fusion CX files DRHP with Sebi to raise Rs 1,000 crore through IPO
The company plans to use ₹291.8 crore from the IPO proceeds to repay or prepay loans taken by the company and its subsidiaries. Another ₹74.7 crore will be used to invest in its subsidiaries Omind Technologies Inc. and Omind Technologies Private Limited for upgrading their IT tools. The rest of the funds will go toward acquisitions, strategic expansion, and general corporate purposes.
Founded in 2004, Fusion CX offers intelligent, multilingual customer engagement services using proprietary AI tools and digital technologies. The company has grown into a global operation with 40 delivery centers across 15 countries as of December 31, 2024. Its customer base includes 197 clients, among them 22 Fortune 1000 companies such as Ajio, Meesho, Arvind Fashion, Leonardo Hotels, and Insurance Express.
For the financial year 2023–24, Fusion CX reported revenue of ₹991 crore and a net profit of ₹36 crore. In the first nine months of FY25, it recorded revenue of ₹925 crore and a profit of ₹47 crore.
The IPO will be managed by
Nuvama Wealth Management
,
IIFL Capital Services
, and Motilal Oswal Investment Advisors. The company's shares will be listed on the BSE and NSE post-approval.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
22 minutes ago
- Time of India
Hyderabad IT employees log into WFH mode amid heavy rainfall alerts
1 2 Hyderabad: For a change, the usually traffic-jammed roads of Hyderabad's bustling IT hubs, such as HiTeC City and Financial District, wore a deserted look on Wednesday as techies logged into worked from home (WFH) mode due to heavy rainfall alerts. "Based on the weather alerts and advisories issued by the authorities, we sent out emails to our employees this morning suggesting WFH and to avoid venturing out of home unless absolutely necessary," said the top honcho of a US-based financial services giant. An IT professional commuting to Financial District pointed to the stark difference in weekday traffic. "The roads are usually packed on Wednesday mornings as most employees, even those on hybrid work mode, tend to work on this day of the week. But today, the traffic was fantastic," he said. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Gold Rates Today in Hyderabad | Silver Rates Today in Hyderabad This was the result of IT bodies such as Nasscom and Hyderabad Software Enterprises Association (HYSEA) relaying advisories, issued by the authorities, to their member companies to adopt remote work policies wherever feasible. "After receiving advisories from the IT department on Tuesday night suggesting WFH for Wednesday, we sent out emails to our members early today morning suggesting remote work," said a HYSEA official. "We advised our member companies to ask their employees to adhere to the advisories issued by the authorities for Wednesday and Thursday," said a Nasscom official. In cases where employees did head to the office, companies urged them to head back home by lunchtime due to the downpour alerts being flashed by the authorities. "We were instructed to return home after lunch and continue working remotely from home," said a techie working with an IT services firm. During the day, Cyberabad Police Commissioner Avinash Mohanty, who is also the chairman of the Society for Cyberabad Security Council (SCSC), conducted a virtual meeting with over 100 IT industry honchos and other stakeholders, advising companies to minimise employee movement even on Thursday to prevent any unwanted incidents. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
an hour ago
- Time of India
AI solutions company Fractal files for nearly Rs 5,000 crore IPO
BENGALURU: Enterprise AI solutions company Fractal Analytics has filed draft papers with Sebi for an IPO of up to Rs 4,900 crore. The offer comprises a fresh issue of shares worth Rs 1,279 crore and an offer-for-sale of Rs 3,621 crore. Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal provides AI-driven decision-making support to large enterprises across sectors. Fractal's revenue from operations rose 26% to Rs 2,765 crore in FY25 from Rs 2,196 crore a year ago. Net profit was Rs 220.6 crore in FY25, against a net loss of Rs 54.7 crore in the previous year. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
&w=3840&q=100)
Business Standard
2 hours ago
- Business Standard
Brigade Group Q1 profit surges 95% to ₹158 cr on strong residential sales
Bengaluru-based real estate developer Brigade Group on Wednesday has reported a net profit jump to Rs 158 crore in the first quarter of the financial year 2026 ended June 30, up 95 per cent, as compared to Rs 81 crore. The performance was driven by the residential business and pipeline of launches across cities. Further, the company's revenue from operations rose to Rs 1,281 crore in Q1 against Rs 1078 crore, up 18.87 per cent. On a sequential basis, it dropped 12.27 per cent. 'FY26 has begun on a strong note for Brigade Group, marked by consistent performance across all verticals. Our residential business continues to be a key growth driver, supported by a strong pipeline of launches across Bengaluru, Chennai and Hyderabad. The office segment has seen sustained momentum, with increased leasing activity. Furthermore, we remain focused on expanding our land bank and are actively pursuing high-quality parcels in strategic markets,' said Pavitra Shankar, Managing Director, Brigade Group. Pre-sales for the quarter stood at Rs 1,118 crore, with a sales area of 0.95 million square feet. Real estate revenue rose 22per cent to Rs 892 crore, compared with Rs 733 crore in Q1 FY25. EBITDA for Q1 FY26 was Rs 103 crore, up 10 per cent year-on-year. Moreover, net bookings in the real estate segment for Q1 FY26 stood at 0.95 million square feet. The average realisation was Rs 11,782 per square feet, marking a 24 per cent increase over Q1 FY25. Collections for the quarter totalled Rs 1,728 crore. Looking ahead, Brigade said it has a robust pipeline of about 16 million square feet of new launches in the residential and commercial segments, along with plans to add 1,700 keys in its hotel portfolio. Additionally, with a land bank of 60 million square feet., the company expects to strengthen its growth trajectory. Additionally, ICRA has upgraded Brigade's credit rating to AA (Stable). The portfolio occupancy of 92 per cent was achieved from the overall operating lease portfolio of 9.38 million square feet during the quarter. Leasing revenue stood at Rs 300 crore, a growth of 15 per cent over Q1 FY25. EBITDA stood at Rs 224 crore, a growth of 13 per cent over previous year's same quarter. Brigade's Facilities Management vertical manages around 16 million square feet. Brigade Hotel Ventures Limited, a subsidiary of Brigade Enterprises Limited, launched an Rs 885.60 crore Initial Public Offering (including a Rs 126 crore pre-IPO placement). Hospitality revenue in Q1 FY26 stood at Rs 141 crore, up 19 per cent from Q1 FY25, while EBITDA rose 34 per cent to Rs 48 crore.
