Latest news with #FractalAlpha
Mint
2 days ago
- Business
- Mint
Upcoming IPO: Fractal Analytics files DRHP with Sebi to raise ₹4,900 crore via public issue. Details here
Upcoming IPO: Mumbai-based analytics firm Fractal Analytics has filed its draft papers with the markets regulator, the Securities and Exchange Board of India (Sebi), on Tuesday, August 12, 2025, to raise funds via an initial public offering. Fractal Analytics was founded by Srikanth Velamakanni and Pranay Agrawal in 2000. The company provides data-driven insights and assists in decision-making through end-to-end AI solutions to large global enterprises across multiple industries. Its major clients include global tech giants such as Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla. Fractal Analytics' initial public offering comprises a fresh issue of equity shares worth ₹ 1,279.3 crore and an offer to sale (OFS) equity shares up to 3,620.7 crore. The OFS comprises equity shares worth up to ₹ 1,462.6 crore by Quinag Bidco Ltd, ₹ 1,999.6 crore by TPG Fett Holdings Pte. Ltd, ₹ 29.5 crore by Satya Kumari Remala and Rao Venkateswara Remala; and equity shares ₹ 129 crore by GLM Family Trust. The company is seeking to raise nearly ₹ 4,900 crore from the stock market by issuing equity shares with a face value of Re 1 apiece. The Offer is conducted via the book building process, allocating 75% of the shares to QIBs, 15% to Non-Institutional Investors, and 10% to Retail Individual Investors. Additionally, it includes a reservation not exceeding 5% of the Company's post-offer paid-up equity share capital for eligible employees. Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, and Goldman Sachs (India) Securities Private Limited are the book-running lead managers for the IPO. Fractal Analytics plans to use the net proceeds from the public issue to invest in its subsidiary, Fractal USA. This investment will cover costs incurred to purchase laptops, establish new office space in India, fund research and development, and support sales and marketing activities under Fractal Alpha. Additionally, the funds will be used to finance inorganic growth through potential acquisitions and other strategic initiatives, as well as general corporate expenses. Fractal's revenue from operations increased by 25.9% to ₹ 2,765 crore in FY25, compared to ₹ 2,196 crore in FY24. Similarly, profit after tax (PAT) turned positive to ₹ 220 crore in FY25 from a loss of ₹ 54.7 crore in FY24.
News18
2 days ago
- Business
- News18
Fractal Analytics files for Rs 4,900-cr IPO; to be first Indian AI firm to list
Agency: New Delhi, Aug 13 (PTI) Artificial intelligence solutions provider Fractal Analytics has taken the first step towards going public, filing its preliminary papers with the markets regulator Sebi to raise Rs 4,900 crore through an initial public offering (IPO). At the indicated price, the Mumbai-headquartered firm could be valued at more than USD 3.5 billion, according to people familiar with the matter. The listing, if successful, would mark the first time an Indian AI-focused company debuts on the bourses. The proposed IPO includes a fresh equity issue worth up to Rs 1,279.3 crore, alongside an offer for sale (OFS) of Rs 3,620.7 crore by existing investors, as per the draft red herring prospectus (DRHP) filed on Tuesday. The OFS includes stake sales worth Rs 1,462.6 crore by Quinag Bidco Ltd, Rs 1,999.6 crore by TPG Fett Holdings Pte Ltd, Rs 29.5 crore by Satya Kumari Remala and Rao Venkateswara Remala, and Rs 129 crore by GLM Family Trust. Fractal has kept the option open for a pre-IPO placement of up to Rs 255.8 crore. If that happens, the size of the fresh issue will be reduced accordingly. Proceeds from the fresh issue would be used for investing in its arm Fractal USA for repay borrowings, setting up new offices in India, purchasing laptops, and ramping up research and development. Also, fresh capital will go towards marketing its Fractal Alpha platform as well as funding acquisitions and other strategic initiatives. Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal works with large multinational clients across sectors, offering data-driven insights and end-to-end AI solutions to aid business decision-making. Its operations are structured into two units — which delivers AI services and products hosted primarily on its Cogentiq platform, and Fractal Alpha, which houses other AI-driven ventures. Backed by marquee investors including TPG, Apax, and Gaja, Fractal has established itself as a niche player in the pure-play AI and data analytics space, with domain expertise spanning consumer goods, retail, BFSI, healthcare, life sciences, and technology media. The company counts global names such as Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta, and Tesla among its clients as of March 31, 2025. In FY25, Fractal's revenue from operations rose 26 per cent to Rs 2,765 crore, up from Rs 2,196 crore in the previous fiscal. Profit after tax stood at Rs 220 crore, reversing a loss of Rs 54.7 crore in FY24. Industry estimates by Everest Group peg the global data, analytics and AI (DAAI) market at USD 143 billion (Rs 12 lakh crore) in FY25, projected to grow at a CAGR of 16.7 per cent to USD 310 billion (Rs 23 lakh crore) by FY30. BFSI, healthcare, retail, consumer goods and technology media are expected to account for nearly 80 per cent of that market. Fractal has appointed Kotak Mahindra Capital, Morgan Stanley India, Axis Capital and Goldman Sachs India as the book-running lead managers for the IPO. PTI SP SP DRR DRR view comments First Published: August 13, 2025, 14:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
2 days ago
- Business
- Mint
Upcoming IPO: Fractal Analytics files DRHP with Sebi to raise ₹4,900 crore via public issue. Details here
Upcoming IPO: Mumbai-based analytics firm Fractal Analytics has filed its draft papers with the markets regulator, the Securities and Exchange Board of India (Sebi), on Tuesday, August 12, 2025, to raise funds via an initial public offering. Fractal Analytics was founded by Srikanth Velamakanni and Pranay Agrawal in 2000. The company provides data-driven insights and assists in decision-making through end-to-end AI solutions to large global enterprises across multiple industries. Its major clients include global tech giants such as Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla. Fractal Analytics' initial public offering comprises a fresh issue of equity shares worth ₹ 1,279.3 crore and an offer to sale (OFS) equity shares up to 3,620.7 crore. The OFS comprises equity shares worth up to ₹ 1,462.6 crore by Quinag Bidco Ltd, ₹ 1,999.6 crore by TPG Fett Holdings Pte. Ltd, ₹ 29.5 crore by Satya Kumari Remala and Rao Venkateswara Remala; and equity shares ₹ 129 crore by GLM Family Trust. The company is seeking to raise nearly ₹ 4,900 crore from the stock market by issuing equity shares with a face value of Re 1 apiece. The Offer is conducted via the book building process, allocating 75% of the shares to QIBs, 15% to Non-Institutional Investors, and 10% to Retail Individual Investors. Additionally, it includes a reservation not exceeding 5% of the Company's post-offer paid-up equity share capital for eligible employees. Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, and Goldman Sachs (India) Securities Private Limited are the book-running lead managers for the IPO. Fractal Analytics plans to use the net proceeds from the public issue to invest in its subsidiary, Fractal USA. This investment will cover costs incurred to purchase laptops, establish new office space in India, fund research and development, and support sales and marketing activities under Fractal Alpha. Additionally, the funds will be used to finance inorganic growth through potential acquisitions and other strategic initiatives, as well as general corporate expenses. Fractal's revenue from operations increased by 25.9% to ₹ 2,765 crore in FY25, compared to ₹ 2,196 crore in FY24. Similarly, profit after tax (PAT) turned positive to ₹ 22 crore in FY25 from a loss of ₹ 5.47 crore in FY24. PAT and EBITDA margins also improved to 12.6% from (0.2%) and 17.4% from 10.6%, respectively. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Entrepreneur
29-06-2025
- Business
- Entrepreneur
We see Agentic AI as a Once-in-a-Lifetime Opportunity: Srikanth Velamakanni
With a team of more than 5000 professionals worldwide, Fractal has also built cutting-edge AI platforms such as which applies AI to assist people in medical diagnosis and Kaleido, India's first text to image diffusion model You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Tech 25: Srikanth Velamakanni, Co-founder, Group Chief Executive and Executive Vice Chairman of Fractal Fractal Analytics was founded in 2000 with a vision to empower organisations through data-driven decision-making. At a time when analytics was still nascent, Fractal believed in the transformative potential of data and AI to solve complex business challenges. Over the years, Fractal has evolved into a global AI powerhouse, serving over 100 Fortune 500 companies across sectors. Fractal first started looking at AI in 2010, when AI research had started seeing some results with speech analytics. The company started Fractal Sciences, an R&D division in 2011, to work on AI products spending about 13 per cent of annual revenue on R&D. As technology progressed, Fractal incubated AI companies within its fold, starting with in 2015 under a newer entity, Fractal Alpha, and focused on building AI products for industry-specific use cases. Fractal Alpha includes companies that are incubated by Fractal, like Crux Intelligence, and With a team of more than 5000 professionals worldwide, Fractal has also built cutting-edge AI platforms such as which applies AI to assist people in medical diagnosis and Kaleido (India's first text to image diffusion model). "India stands at a pivotal moment, ready to lead the next wave of AI innovation. But to truly harness this potential, businesses must double their investment in technology. Today, Indian companies spend just 2-3 per cent of their revenue on tech. This needs to increase significantly to fully capitalize on AI's promise. At Fractal, we are committed to driving this transformation by building high-quality AI products that address India's unique needs," says Srikanth Velamakanni, Co-founder, Group Chief Executive and Executive Vice Chairman of Fractal. Recently, Fractal AI's Project Ramanujan introduced a groundbreaking reasoning system to enhance the capabilities of large language models (LLMs) by integrating deep mathematical reasoning, enabling it to tackle complex tasks such as Olympiad-level mathematics and strategic games like chess. Looking ahead, Velamakanni says Fractal plans to introduce Cogentiq, an agentic AI platform for B2B applications, and Ramanujan, an advanced AI model for reasoning and coding. Additionally, the company is developing Project Pioneer, a multi-agent AI system designed for real-world applications like software development. Today, Fractal is making a bold bet on agentic AI. "Today, our revenues come from AI systems that power enterprise decisions, and many of these systems are now evolving to become agentic. We see this as a once-in-a-lifetime opportunity to reimagine every business process with AI, from marketing and customer service to trade finance and healthcare," says Velamakanni. Asked what is one of the biggest challenges businesses face today, Velamakanni says it is building sustained trust in a rapidly evolving, tech-driven landscape. As AI and data become central to decision-making, clients and consumers alike are more cautious about how their data is used, how transparent the models are, and whether the solutions are genuinely adding long-term value or simply riding a hype wave. "Overcoming this requires more than just technical excellence. It calls for a culture of responsibility, deep domain empathy and an unwavering commitment to outcomes, not just outputs," he says. Company facts:
