Latest news with #RaoVenkateswaraRemala
Time of India
2 days ago
- Business
- Time of India
AI solutions provider Fractal Analytics files draft papers for ₹4,900-cr IPO
Artificial intelligence solutions provider Fractal Analytics has filed preliminary papers with the markets regulator, Sebi , seeking its approval to raise ₹4,900 crore through an initial public offering ( IPO ). The IPO comprises a fresh issue of equity shares worth up to ₹1,279.3 crore and an Offer for Sale (OFS) valued at ₹3,620.7 crore, according to the draft red herring prospectus (DRHP) filed on Tuesday. The OFS includes ₹1,462.6 crore worth of shares 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 ₹129.0 crore by GLM Family Trust. The company may opt for a pre-IPO placement of up to ₹255.8 crore. If carried out, the size of the fresh issue will be reduced. Fractal Analytics plans to use the proceeds from the fresh issue to invest in its subsidiary, Fractal USA, for pre-payment or repayment of its borrowings; set up new offices in India; invest in research and development; support sales and marketing under Fractal Alpha; fund acquisitions and other strategic initiatives; and for general corporate purposes. Founded in 2000, Fractal was cofounded by Srikanth Velamakanni and Pranay Agrawal. It supports large global enterprises across multiple industry verticals and business functions, providing data-driven insights and assisting in decision-making through end-to-end AI solutions . Backed by marquee investors like TPG, Apax, Gaja, Fractal is a leading pure-play data and artificial intelligence company with domain expertise spanning consumer packaged goods & retail; technology, media and telecom; healthcare and life sciences; and banking, financial services and insurance. According to an industry report, it is uniquely positioned among other industry players with active investments in expanding its AI and Gen AI software portfolio and R&D activities. As of March 31, 2025 it served global companies including Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla. On the financial front, Fractal's revenue from operations increased by 26 per cent to ₹2,765 cr in FY25 from ₹2,196 crore in the preceding fiscal. Similarly, profit after tax had a positive turnaround to ₹22 crore in FY25 from a loss of ₹5.47 crore in FY24. Kotak Mahindra Capital Company , Morgan Stanley India Company, Axis Capital and Goldman Sachs (India) Securities have been appointed by Fractal to manage its maiden public issue.
Time of India
2 days ago
- Business
- Time of India
AI solutions provider Fractal Analytics files draft papers for ₹4,900-cr IPO
New Delhi: Artificial intelligence solutions provider Fractal Analytics has filed preliminary papers with the markets regulator, Sebi , seeking its approval to raise ₹4,900 crore through an initial public offering ( IPO ). The IPO comprises a fresh issue of equity shares worth up to ₹1,279.3 crore and an Offer for Sale (OFS) valued at ₹3,620.7 crore, according to the draft red herring prospectus (DRHP) filed on Tuesday. The OFS includes ₹1,462.6 crore worth of shares 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 ₹129.0 crore by GLM Family Trust. The company may opt for a pre-IPO placement of up to ₹255.8 crore. If carried out, the size of the fresh issue will be reduced. Fractal Analytics plans to use the proceeds from the fresh issue to invest in its subsidiary, Fractal USA, for pre-payment or repayment of its borrowings; set up new offices in India; invest in research and development; support sales and marketing under Fractal Alpha; fund acquisitions and other strategic initiatives; and for general corporate purposes. Founded in 2000, Fractal was cofounded by Srikanth Velamakanni and Pranay Agrawal. It supports large global enterprises across multiple industry verticals and business functions, providing data-driven insights and assisting in decision-making through end-to-end AI solutions . Backed by marquee investors like TPG, Apax, Gaja, Fractal is a leading pure-play data and artificial intelligence company with domain expertise spanning consumer packaged goods & retail; technology, media and telecom; healthcare and life sciences; and banking, financial services and insurance. According to an industry report, it is uniquely positioned among other industry players with active investments in expanding its AI and Gen AI software portfolio and R&D activities. As of March 31, 2025 it served global companies including Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla. On the financial front, Fractal's revenue from operations increased by 26 per cent to ₹2,765 cr in FY25 from ₹2,196 crore in the preceding fiscal. Similarly, profit after tax had a positive turnaround to ₹22 crore in FY25 from a loss of ₹5.47 crore in FY24. Kotak Mahindra Capital Company , Morgan Stanley India Company, Axis Capital and Goldman Sachs (India) Securities have been appointed by Fractal to manage its maiden public issue.
News18
3 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.
New Indian Express
3 days ago
- Business
- New Indian Express
TPG, Apax-backed AI company Fractal Analytics files for Rs 4900-crore IPO
MUMBAI: Leading private equity firms TPG, Apax and Gaja-backed AI, solutions player Fractal Analytics has filed the papers for a Rs 4,900 crore primary share sale with the regulator Sebi. The IPO comprises a fresh issue of Rs 1,279 crore and an offer for sale worth Rs 3,620 crore, the company said Wednesday in the draft papers. The OFS comprises selling of shares (having a face value of Rs 1 each) worth up to Rs 1,362.5 crore by Quinag Bidco; up to Rs 1,999.6 crore by TPG Fett Holdings; up to Rs 29.5 crore by Satya Kumari Remala and Rao Venkateswara Remala; and up to Rs 1,29 crore by the GLM Family Trust. The company also said it may consider a pre-IPO placement of up to Rs 255.8 crore. Fractal Analytics proposes to utilise the net proceeds from the offer towards investment in one of the subsidiaries, Fractal US, for pre-payment of some of the debt, setting-up new office premises; investment in research and development; and sales and marketing under Fractal Alpha. Fractal was cofounded by Srikanth Velamakanni and Pranay Agrawal in 2000. Fractal supports large global enterprises across multiple industry verticals and business functions with data-driven insights and assists in decision-making through end-to-end AI solutions. The company is backed by marquee investors like TPG, Apax, Gaja, the pureplay data and artificial intelligence company has a domain expertise spanning across consumer packaged goods & retail; technology, media and telecom; healthcare and life sciences and banking, financial services and insurance. Its clients include Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla. Fractal's revenue from operations increased by 26% to Rs 2765 cr in FY25 from Rs 2196 cr in FY24. Similarly net profit rose to Rs 22 cr in FY25 from from a net loss of Rs 5.47 crore in FY24.
News18
3 days ago
- Business
- News18
AI solutions provider Fractal Analytics files draft papers for Rs 4,900-cr IPO
Last Updated: New Delhi, Aug 13 (PTI) Artificial intelligence solutions provider Fractal Analytics has filed preliminary papers with the markets regulator, Sebi, seeking its approval to raise Rs 4,900 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth up to Rs 1,279.3 crore and an Offer for Sale (OFS) valued at Rs 3,620.7 crore, according to the draft red herring prospectus (DRHP) filed on Tuesday. The OFS includes Rs 1,462.6 crore worth of shares 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 129.0 crore by GLM Family Trust. The company may opt for a pre-IPO placement of up to Rs 255.8 crore. If carried out, the size of the fresh issue will be reduced. Fractal Analytics plans to use the proceeds from the fresh issue to invest in its subsidiary, Fractal USA, for pre-payment or repayment of its borrowings; set up new offices in India; invest in research and development; support sales and marketing under Fractal Alpha; fund acquisitions and other strategic initiatives; and for general corporate purposes. Founded in 2000, Fractal was cofounded by Srikanth Velamakanni and Pranay Agrawal. It supports large global enterprises across multiple industry verticals and business functions, providing data-driven insights and assisting in decision-making through end-to-end AI solutions. Backed by marquee investors like TPG, Apax, Gaja, Fractal is a leading pure-play data and artificial intelligence company with domain expertise spanning consumer packaged goods & retail; technology, media and telecom; healthcare and life sciences; and banking, financial services and insurance. According to an industry report, it is uniquely positioned among other industry players with active investments in expanding its AI and Gen AI software portfolio and R&D activities. As of March 31, 2025 it served global companies including Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla. On the financial front, Fractal's revenue from operations increased by 26 per cent to Rs 2,765 cr in FY25 from Rs 2,196 crore in the preceding fiscal. Similarly, profit after tax had a positive turnaround to Rs 22 crore in FY25 from a loss of Rs 5.47 crore in FY24. Kotak Mahindra Capital Company, Morgan Stanley India Company, Axis Capital and Goldman Sachs (India) Securities have been appointed by Fractal to manage its maiden public issue. PTI SP DRR DRR view comments First Published: August 13, 2025, 10:15 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.
