Fractal Analytics

News

1. India May Take Minority Stake In Sarvam AI

2. India Eases Satcom Rules by Dropping Sourcing Clause

3. EXL to Acquire IMerit in a $310 Million Deal

4. RBI Proposes AI Kill Switch For Banks Under Model Risk Framework

5. Vishal Sikka Launches Enterprise AI Venture Hang Ten

6. OpenAI Enters AI Chip Race With Jalapeno

Most AI companies are racing to prove they can survive long enough to go public. Fractal Analytics has already done it. The 26-year-old firm, founded by Pranay Agrawal, Srikanth Velamakanni, and Petar Novkov, listed on Indian stock exchanges in February 2026 and reported revenue of ₹2,820 crore for FY25, up 26% from the prior year. 

The product portfolio runs through Fractal.ai, its AI services arm, and Cognetiq, its agentic AI platform. Under the IndiaAI Mission, Fractal is building a 70-billion-parameter healthcare reasoning model backed by Rs 120 crore in government funding and access to Nvidia H100 chips. 

The model is targeting a launch on Independence Day 2026. Velamakanni, recently appointed Nasscom chairperson, has been refreshingly candid about the economics: the government covers about 40% of compute costs, with Fractal paying the rest. For investors, the combination of market-proven scale, institutional alignment, and a clearly defined healthcare AI mandate makes Fractal one of the more legible long-term plays on this list.