In an interview with CNBC-TV18, Srikanth Velamakanni, Co-Founder & CEO of Fractal Analytics, said the company sees going public as a natural step toward its long-term vision. “At Fractal, we have had this vision to be a public company because we want to set up this company for the next 100 years. So being public is part of our roadmap,” he said. According to Velamakanni, an IPO will make Fractal accountable to shareholders and a broader set of stakeholders, including employees, clients, and regulators.
Fractal’s IPO plans come when AI is experiencing unprecedented growth. While the tech industry is growing at around 5%, AI is expanding faster. “Every major company is a tech company now, and they’re spending a lot more on AI than ever before,” Velamakanni noted. This trend has been a strong driver of Fractal’s growth as well.
The company continues to invest heavily in research and development (R&D), spending around 7-10% of its revenue in this area. “We also spend on building products and taking things to market, and all of Fractal’s revenues are AI revenues,” Velamakanni added. The company hires about 2,000 people annually to support its R&D and product innovation efforts.
Fractal has been expanding its AI offerings and has launched several products in the past year. These include Marshallgoldsmith.ai, an AI-powered coaching tool; Kalaido.ai, a text-to-image model; and Vaidya.ai, an AI-driven healthcare assistant. Looking ahead, 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.
With AI transforming industries, Velamakanni emphasised the need for employees to upskill continuously. He advised young professionals to develop deep expertise in specific areas, enhance their critical thinking skills, and cultivate human-centric abilities like emotional intelligence. “People who will get hired and grow in organisations will be the ones who have high emotional intelligence and high emotional quotient,” he said.
Watch the accompanying video for the entire conversation.
