India's AI scene is set to be radically upgraded. Fractal Analytics' IPO documents have got the green signal from the Securities and Exchange Board of India (SEBI). The company is the first AI-focused company in India whose shares will be available for public trading.
The twenty-five-year-old company based in Mumbai has been very Fractal in India with AI & data science continues to intrigue this power house in the last 25 years built an empire of AI & data analytics and kept it under wraps. The biggest brands of the technology like Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta, Tesla, are all the AI-driven solutions power directed by Fractal they trust.
Fractal through its Cogentiq brand creates specially equipped platforms for decision intelligence, contact center optimization, and healthcare solutions. This B2B model proved vastly lucrative and easily scalable.
Fractal has revenue from its main business of ₹2,765.4 crores in the financial year 2025, which has a 25.9% year-on-year growth. The company shows ₹220.6 crores net profit for FY25, a striking profit swing from the ₹54.7 crores losses in FY24. This is genuinely a long-valid profitability model from basically operationally-core activities.
What is more, US alone accounts for an impressive 65% of Fractal's top line, Europe 17.5%, India 8.5%, and the rest of the world 9.5% respectively. This kind of worldwide presence effectively mitigates the geographic risks and at the same time puts Fractal in perfect riding position of global AI wave.
The overall shares to be issued include a fresh equity of ₹1,279 crore and an offer for sale of ₹3,621 crore. The company will use the money from the new issue to pay off the debt of its US subsidiary, open new offices in India, and fund accelerated R&D with a specific focus on generative AI.
Among the co-founders Srikanth Velamakanni and Pranay Agrawal along with their families, approximate 20% of the stake is in their holdings and they are not selling any shares.
The valuation can go beyond $3.5 billion, thus making Fractal Analytics ranking among the top publicly traded technologically driven companies in India by market cap. The stock market is highly attentive whenever this AI trailblazer is ready to make the local exchange his stage hence marking a very important moment not only in India's AI industry but globally as well.
