Fractal Analytics

Fractal Analytics Limited
TypePublic
NSE: FRACTAL
BSE: 544700
IndustryArtificial intelligence
Founded2000
Founders
  • Srikanth Velamakanni
  • Pranay Agrawal
Headquarters
Area served
Worldwide
RevenueIncrease ₹2,765 crore (US$290 million) (FY25)
Increase ₹221 crore (US$23 million) (FY25)
Number of employees
4,600 (May 2024)
Websitefractal.ai

Fractal Analytics Limited is an artificial intelligence and data analytics company based in Mumbai, India, with a second headquarter in New York City.

History

Fractal Analytics was founded in 2000 in Mumbai by Srikanth Velamakanni, Pranay Agrawal, Nirmal Palaparthi, Pradeep Suryanarayan and Ramakrishna Reddy. It later moved to the US in 2005. In 2015, it acquired Imagna Analytics and Mobius Innovations.

In 2016, Fractal Analytics appointed Pranay Agrawal as the CEO to replace co-founder Srikanth Velamakanni, the new Group Chief Executive and Executive Vice-Chairman. It also created two new subsidiaries Qure.ai and Cuddle.ai.

In August 2016, Fractal Analytics partnered with KNIME, an open source data analytics platform. In June 2017, the company acquired Chicago-based strategy & analytics firm, 4i Inc. In September 2017, it partnered with Final Mile to combine data science with behavioral science In March 2018, Fractal Analytics acquired behavioural architecture company Final Mile. In January 2019, Fractal received a $200 million funding from Apax Partners.

In January 2022, Fractal became a unicorn company after raising $360 million from private equity firm TPG.

In February 2026, Fractal Analytics held an initial public offering aggregating about ₹2,834 crore (US$290 million), which was subscribed 2.66 times. Described as the first Indian artificial intelligence company to go public, its shares were listed on the National Stock Exchange of India and Bombay Stock Exchange on 16 February 2026, debuting at a discount to the issue price.

References

  1. 1 2 3 "Mumbai to Melbourne: Indian Tech unicorn Fractal expands its business". The Australia Today. 24 September 2023. Retrieved 14 December 2023.
  2. 1 2 Kamal, Priyanshu (14 August 2025). "Fractal crosses Rs 2,700 Cr revenue in FY25, regains profitability". Entrackr. Retrieved 10 November 2025.
  3. ↑ "How Fractal, India's first AI unicorn, is prepping for the next race". Mint. Retrieved 15 July 2024.
  4. ↑ "FRACTAL ANALYTICS LIMITED - LEI: 335800EORWMNDCWHE628". Bloomberg LEI. Retrieved 2025-05-06.
  5. ↑ "Fractal Analytics: India's Second-Largest Analytics Firm". Forbes India. November 5, 2013. Retrieved February 22, 2017. After a painful board-level split in 2007, Fractal Analytics turned things around to become India's second-largest analytics company and growing
  6. ↑ Nataraj, Poornima (2022-01-05). "Analytics & AI firm Fractal raises $360 million investment, becomes the second unicorn of 2022". Analytics India Magazine. Retrieved 2024-05-15.
  7. ↑ "Fractal Analytics Acquires AI Startup to Expand Customer Genomics". Boston Business Journal. October 29, 2015. Archived from the original on March 7, 2017. Retrieved February 22, 2017.
  8. ↑ "Fractal Analytics buys Mobius Innovations". The Hindu. January 13, 2015. Archived from the original on February 28, 2020. Retrieved February 22, 2017.
  9. ↑ "Fractal Analytics acquires Singapore-based Mobius Innovations". The Mint. 12 January 2015. Retrieved February 22, 2017.
  10. ↑ Sainul k Abudheen (12 January 2015). "Fractal Analytics buys mobile-based context-aware Big Data startup Mobius Innovations". VCCircle. Retrieved 5 March 2017. [dead link]
  11. ↑ "Fractal Analytics appoints co-founder Pranay Agrawal as new CEO". VCCircle. November 2, 2016. Retrieved February 22, 2017.
  12. ↑ "Qure.ai Wins Nvidia's Social Innovation Award". The Telegraph (Calcutta). December 21, 2016. Archived from the original on March 7, 2017. Retrieved February 22, 2017.
  13. ↑ "Cuddle.ai closes the gap between analytics in the personal and enterprise world". SD Times. 2 November 2016. Retrieved February 22, 2017.
  14. ↑ "Fractal Analytics Partners With KNIME to Accelerate Institutionalization of Analytics for its Fortune 500 Clients". Yahoo finance. August 9, 2016. Archived from the original on March 7, 2017. Retrieved February 22, 2017.
  15. ↑ "Fractal Analytics Acquires Chicago-based Strategy & Analytics Firm, 4i Inc". Cision. June 1, 2017. Retrieved 28 November 2021.
  16. ↑ "Fractal Analytics Announces Partnership with Final Mile to Combine Data Science with Behavioral Science". Archived from the original on 2017-10-02. Retrieved 2017-10-02.
  17. ↑ "Data Analytics Company Fractal Analytics Acquires Behavioural Architecture Firm Final Mile". Inc42 Media. 2018-03-15. Retrieved 2018-06-08.
  18. ↑ "FRACTAL ANALYTICS ACQUIRES FINAL MILE; BRINGS TOGETHER AI, BEHAVIOURAL SCIENCES". analyticsindiamag.com. 15 March 2018. Retrieved 2018-06-08.
  19. ↑ "Funds Advised by Apax Partners Invest USD 200 Million in Fractal Analytics". Business Standard India. Press Trust of India. 16 January 2019.
  20. ↑ "AI startup Fractal becomes unicorn with $360 million investment from TPG". TechCrunch. 5 January 2022.
  21. ↑ "Fractal Analytics' muted IPO debut signals persistent AI fears in India". TechCrunch. 16 February 2026. Retrieved 3 July 2026.
  22. ↑ "Fractal Analytics IPO listing on February 16; grey market GMP hints at discounted debut". Business Standard. 13 February 2026. Retrieved 3 July 2026.