Fractal
Fractal Analytics is a publicly listed enterprise AI company serving 90 of the Fortune 200 across seven verticals, anchored by the Cogentiq agentic AI platform, LLM Studio, and outcome-linked AI consulting delivered by 5,000+ professionals globally.
- Company typePublic
- Founded2000
- HeadquartersMumbai, India
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Fractal does
Fractal Analytics Limited is a publicly listed enterprise artificial intelligence company that designs, builds, and deploys AI solutions for Fortune 500 and Global 2000 customers across seven verticals — consumer packaged goods, retail, healthcare and life sciences, financial services, insurance, technology/media/telecom, and industrials/manufacturing/energy. Founded in February 2000 by Srikanth Velamakanni and headquartered in Mumbai with a global headquarters in New York, the company served 90 of the Fortune 200 and 113+ enterprises globally in FY26, with 5,000+ professionals across 10 countries. The company listed on BSE (544700) and NSE (FRACTAL) in February 2026 following a ₹2,833.90 crore IPO.
The product portfolio is anchored by Cogentiq, an agentic AI platform that serves as the common layer across Fractal's three restructured pillars — AI-led Transformation, AI Foundations, and AI Work & Workforce — and extends into specialized modules including Cogentiq E-Commerce (marketplace profit engine), Cogentiq Underwriting, Cogentiq CX, Cogentiq Network Intelligence, Cogentiq Campaign Assist, and Cogentiq Data Foundation. Adjacent proprietary products include LLM Studio (built on NVIDIA NeMo and NIM), Asper.ai, Flyfish.ai, FractalGPT, Vaidya.ai, PiEvolve, Covex, Customer Genomics, FinalMile (behavioral science), and Analytics Vidhya (data science community). The AI Research team publishes open-source foundation models including Fathom-R1-14B and Fathom-DeepResearch, and has produced benchmark-leading models (Vaidya 2.0 on OpenAI HealthBench Hard, PiEvolve on MLE-Bench). The technology stack spans generative AI, agentic AI, computer vision, MLOps, conversational AI, responsible AI governance, and quantum computing research, with deep co-engineering relationships across AWS (Premier Tier), Microsoft (Solutions Partner, Partner of the Year 2025), Google Cloud (Premier), Databricks (Gold), and NVIDIA (ATP), plus frontier model partnerships with Anthropic and OpenAI.
Fractal generates revenue through a mix of enterprise consulting services, outcome- and IP-linked engagements, marketplace sales, and platform subscriptions. Approximately 40% of revenue currently comes from output-, outcome-, and license-linked models with a stated target to reach 60% over the next two to three years. FY26 consolidated revenue reached ₹3,299.70 crore (approximately $390 million), up 19% year-on-year, with net profit of ₹287 crore (up 30% YoY), gross margin of 47.2–48.2% (best-in-class among Indian IT peers), net income margin of 8.7%, and a Q4 FY26 EBITDA margin of 20.3%. The company used ₹957 crore of IPO proceeds to retire long-term debt in April 2026, becoming debt-free with ₹2,052 crore in cash. Net Revenue Retention stood at 112% in Q4 FY26 and NPS at 81.
Fractal firmographics
Firmographics- Name
- Fractal
- Legal name
- Fractal Analytics Limited
- Website
- https://fractal.ai
- Company type
- Public
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Fractal Analytics is a publicly listed enterprise AI company serving 90 of the Fortune 200 across seven verticals, anchored by the Cogentiq agentic AI platform, LLM Studio, and outcome-linked AI consulting delivered by 5,000+ professionals globally.
- Ownership category
- akta.pro rank
Fractal industry classification
Industry- Product category
- Enterprise AI Software and Consulting
- NAICS
- Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- AI/ML Engineering & Model Development Services (BPAEAHAF)
- akta.pro secondary industries
- LLMOps & Generative AI Platforms (Prompt/Agent Orchestration, RAG) (HDAEANAD), Prompt Engineering, Orchestration & LLMOps Tooling (HDAAACAD)
Keywords
Where Fractal is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices18 records
Markets served
Fractal business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Professional Services (Consulting & Implementation): Enterprise AI and analytics consulting engagements with Fortune 500 clients delivered through integrated AI, engineering, and design teams; revenue governed primarily by time-and-materials and milestone-based contracts.
- Outcome-based and IP-linked Engagements: Output-, outcome-, and license-linked engagements that link revenue to measurable client results and proprietary IP usage; currently 40% of total revenue with stated target to increase to 60% over the next two to three years.
- AI Platform Subscriptions (Cogentiq, LLM Studio, Asper.ai, Qure.ai, Flyfish.ai, Analytics Vidhya): Subscription and licensing revenue from proprietary AI products including the Cogentiq agentic AI platform, LLM Studio, Asper.ai (interconnected revenue decisions), Flyfish.ai (sales acceleration), Qure.ai (healthcare AI), and Analytics Vidhya (data science community/education).
- Marketplace Listings (AWS Marketplace, Azure Marketplace): 20+ products listed on AWS Marketplace (including Cogentiq in the AWS Marketplace AI Agents and Tools category) and 30+ products on Azure Marketplace, generating usage-based and license revenue.
- Licensing & Royalty Revenue: Licensing of proprietary IP and trained models to enterprise clients across verticals, including partnerships with hyperscalers and frontier AI providers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Multi-year contract | Enterprise engagement pricing (quote-based) for AI/analytics consulting, integration, and managed services. |
| Subscription | Pay-as-you-go | Cogentiq E-Commerce: AI-native Always-on E-Commerce Profit Engine deployed via marketplace APIs. |
| Subscription | Annual | LLM Studio enterprise platform for domain-specific language model customization using NVIDIA NeMo and NIM. |
| Subscription | Annual | Flyfish.ai - AI-native revenue acceleration platform with 35+ coordinated sales AI agents. |
| Other | Multi-year contract | Covex - AI-powered geospatial intelligence for route-to-market expansion. |
Go-to-market motion5 records
Distribution channels7 records
Marketing channels9 records
Fractal product offering
Product offeringCore offering
Fractal provides enterprise AI and analytics solutions for Fortune 500 and Global 2000 companies across seven verticals (CPG, Retail, Healthcare, TMT, Financial Services, Insurance, Industrials/Manufacturing/Energy). It combines proprietary AI platforms — led by the Cogentiq agentic AI platform, LLM Studio on NVIDIA, Flyfish.ai, Asper.ai, and FractalGPT — with deep consulting, engineering, and design services to deliver AI-led transformation, AI foundations, and AI work & workforce solutions.
Product overview
Fractal's offering is a platform-plus-modules architecture built around the Cogentiq agentic AI platform, which serves as the common platform layer across its three restructured pillars (AI-led Transformation, AI Foundations, AI Work & Workforce). The Cogentiq platform extends into specialized modules including Cogentiq E-Commerce (for marketplace profit optimization), Cogentiq Underwriting (for insurance), Cogentiq CX (for customer experience), Cogentiq Network Intelligence (for telecom), Cogentiq Campaign Assist (personalization), and Cogentiq Data Foundation (data ops on Databricks). Complementary enterprise products include LLM Studio (NVIDIA NeMo/NIM-powered GenAI customization workbench), Asper.ai (interconnected revenue decisions), Analytics Vidhya (data science community/education), Qure.ai (healthcare AI spun out), FractalGPT (consultative sales platform), FractalPYO (edge deployment), Stockview for Retail, Trial Run, Fractal Health Triage, Customer Interaction Insights, Customer Genomics, TrialRun, Covex (geo-intelligent RTM), FinalMile (behavioral science), Eugenie.ai (climate AI), MarshallGoldsmith.ai, Vaidya.ai (healthcare), Kalaido.ai, AIDE, Behaviour Architecture, EthnoLab, Phi Design System, plus AI research outputs Fathom-R1-14B and Fathom-DeepResearch reasoning models. Flyfish.ai is the AI-native revenue acceleration platform with intelligent sales agents. The published thought-leadership platform is ai:sight.
Differentiator
Problem solved
Functional benefit
Brands
- Cogentiq: Fractal's agentic AI enterprise platform for data management and decision intelligence; includes Cogentiq E-Commerce, Cogentiq Underwriting, Cogentiq CX, Cogentiq Campaign Assist, Cogentiq Personalization, Cogentiq Network Intelligence, and Cogentiq Data Foundation.
- Asper.ai
- Analytics Vidhya
- MarshallGoldsmith.ai
- Vaidya.ai
- Kalaido.ai
- Flyfish.ai
- FinalMile
- LLM Studio
- Fathom-R1-14B
- Fathom-DeepResearch
- PiEvolve
Quantifiable outcome
- Up to 30% faster deal cycles and 42% increase in sales productivity from Flyfish.ai deployments.
- +8 more outcomes
Companies that use Fractal
Customer profileNamed customers24 records
Segments9 records
Ideal customer profiles2 records
Fractal technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
AI capability18 records
Feature15 records
Fractal partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered flagship, core and minor.
- Amazon Web Services (AWS)flagshipPremier Tier Services Partner with AWS, deploying AI solutions at scale across geographies. 20+ products listed on AWS Marketplace; 150+ AWS Certified Engineers/Architects. Holds multiple AWS Competencies: Generative AI Consulting Services, Generative AI, Consumer Goods, Data & Analytics, DevOps, Financial Services, Retail. Cogentiq is available in the AWS Marketplace AI Agents and Tools category.
- Google CloudflagshipPremier co-sell partner with Google Cloud. Co-developed an MLOps Center of Excellence based on Google's Vertex AI. Joint go-to-market across data and analytics, supply chain analytics, and MLOps; deep co-marketing activity.
- MicrosoftflagshipMicrosoft Solutions Partner across Infrastructure, Data & AI, and Digital & App Innovation. 600+ Azure Certified Engineers; 30+ products on Azure Marketplace; 3 Solutions Partner Designations; Partner of the Year 2025 for Retail and Consumer Goods. Fractal solutions include FractalGPT, Health Triage, Customer Interaction Insights, Trial Run, and more.
- DatabricksflagshipGold Partner with Databricks. Joint go-to-market includes FinOps, Open Flux (MLOps), Cogentiq Data Foundation, Metadata Catalogue, Observability, and Marketplace accelerators. Active participation at Data + AI Summit 2026 at Moscone Center, San Francisco.
- NVIDIAflagshipNVIDIA Advanced Technology Partner (ATP). Combines NVIDIA's accelerated computing with Fractal's domain expertise for AI solutions. LLM Studio is built on NVIDIA NeMo and NIM microservices; plans to develop models with NVIDIA Nemotron. Joint focus on NVIDIA Omniverse Digital Twins, NVIDIA NIM Inference Microservices, Retrieval-Augmented Generation, Gen AI LLMOps Framework, and AI Platform Modernization.
- AnthropicflagshipFrontier AI partner for enterprise AI deployment. 200+ Claude-certified professionals, dedicated GenAI and LLM engineering teams, and global delivery across US, Europe, and APAC. Targeted at enterprise AI for regulated industries. Fractal has signaled a deeper partnership with Anthropic by listing it as 'coming soon' on its website.
- OpenAIflagshipFrontier AI partner for enterprise generative AI deployment. Joint focus on enterprise LLM deployment within firewalls with guard rails, role-based controls, multimodal experience studio, and responsible AI governance. Vaidya.ai 2.0 and PiEvolve have been benchmarked on OpenAI's HealthBench and MLE-Bench respectively.
- C3 AIcoreStrategic partnership to accelerate enterprise AI transformation. Fractal is a forward-deployed implementation partner for C3 AI applications across energy, manufacturing, financial services, and other verticals, with on-demand certified talent. Joint client wins include Con Edison energy forecasting.
- Neal AnalyticscoreAcquired by Fractal in January 2022. Neal Analytics is a Microsoft Gold consulting partner specializing in cloud, data, and AI on Azure, with partnerships with Intel, Nvidia, and Databricks. The acquisition strengthened Fractal's AI and cloud services on Microsoft's multi-cloud ecosystems and expanded presence in North America, Canada, India, and the Pacific Northwest.
- Eugenie.aiminorMerged into Fractal in June 2024 to bolster AI-powered climate solutions. The merger strengthened Fractal's sustainability and ESG analytics capabilities.
- QiCAP.AiminorPartnership to foster growth opportunities for Theremin.ai, a venture announced in June 2024.
- Peak XV PartnersminorAppointed Shelly Singh, former Chief Growth Officer at Fractal, as an operating partner at its San Francisco office in May 2026, strengthening Peak XV's focus on US AI deals.
Scale indicators22 records
Recent moves8 records
Expansion highlights8 records
Fractal competitors and assessment
Company assessmentBroad incumbents
- Wipro (ai360): Global IT services incumbent that has repositioned around Wipro ai360 generative AI offering. Competes with Fractal for multi-year enterprise AI transformation contracts while offering broader consulting and engineering services.
- Accenture (Accenture AI): Largest global IT and consulting firm with $3B+ in generative AI bookings and deep enterprise AI practice. Overlaps with Fractal in Fortune 500 AI transformation engagements but at significantly larger scale and broader capability set.
- Infosys (Topaz): Global Indian IT services incumbent with Topaz generative AI suite and large enterprise delivery footprint. Competes with Fractal for Fortune 500 AI transformation deals but at vastly larger scale and broader service portfolio.
- Cognizant: Global IT services firm with Neuro AI platform and significant enterprise AI delivery practice. Comparable to Fractal in Fortune 500 digital transformation work and US-India delivery model, but operates at much larger scale.
Direct peers
- Brillio: Digital and AI services firm with comparable size, vertical focus (BFSI, healthcare, CPG, retail), and hyperscaler partnerships (AWS Premier, Microsoft). Direct competitor for mid-to-large enterprise AI transformation engagements.
- LatentView Analytics: India-listed AI and analytics firm focused on data engineering, MLOps, and digital analytics for Fortune 500 clients. Closely comparable to Fractal in vertical-led enterprise AI delivery and has been named alongside Fractal in ISG Provider Lens specialty analytics assessments.
- Mu Sigma: Pioneer in decision science and analytics outsourcing for Fortune 500 clients, with a heavy presence in CPG, retail, healthcare and BFSI. Closely comparable to Fractal in business model (analytics services + decision-support platforms) and customer base.
- AbsolutData: AI and analytics services firm with a NAVIK AI platform comparable to Fractal's Cogentiq — focused on marketing, sales and customer analytics for consumer-facing enterprises. Direct competitor for mid-market to large enterprise AI engagements.
- Tredence: Data science and AI engineering firm with strong CPG/retail vertical focus and Databricks partnership, frequently cited alongside Fractal in ISG Provider Lens Supply Chain and analytics assessments. Competes directly on data foundation and AI engineering engagements.
- Tiger Analytics: India-headquartered AI and analytics services firm with strong overlap to Fractal in Fortune 500 enterprise AI delivery, data engineering, and advanced analytics. Competes directly for the same enterprise AI RFPs across CPG, retail, BFSI, and healthcare verticals.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Fractal social profiles
Digital presenceFractal compliance and trust
Trust signalCompliance11 records
Fractal financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fractal leadership team
Management profileNumber of profiles
Profiles16 records
Fractal subsidiaries and ownership
Company hierarchySubsidiaries8 records
Fractal funding detail
Funding detailFunding overview
Funding rounds7 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fractal M&A and investment
M&A and investmentM&A8 records
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fractal
What does Fractal do?
Fractal provides enterprise AI and analytics solutions for Fortune 500 and Global 2000 companies across seven verticals (CPG, Retail, Healthcare, TMT, Financial Services, Insurance, Industrials/Manufacturing/Energy). It combines proprietary AI platforms — led by the Cogentiq agentic AI platform, LLM Studio on NVIDIA, Flyfish.ai, Asper.ai, and FractalGPT — with deep consulting, engineering, and design services to deliver AI-led transformation, AI foundations, and AI work & workforce solutions.
Is Fractal a public or private company?
Fractal is a public company. It is classified as public and is currently operating.
When was Fractal founded?
Fractal was founded in 2000. It employs 1 to 10 people.
Where is Fractal based?
Fractal is headquartered in Mumbai, India, in the Asia region.
How does Fractal make money?
Five revenue lines are on record. Professional Services (Consulting & Implementation) is the primary driver. The others are outcome-based and IP-linked Engagements, AI Platform Subscriptions (Cogentiq, LLM Studio, Asper.ai, Qure.ai, Flyfish.ai, Analytics Vidhya), marketplace Listings (AWS Marketplace, Azure Marketplace) and licensing & Royalty Revenue.
Who are Fractal's main competitors?
Broad incumbents on record are Wipro (ai360), Accenture (Accenture AI), Infosys (Topaz) and Cognizant. Direct peers are Brillio, LatentView Analytics, Mu Sigma, AbsolutData, Tredence and Tiger Analytics.
Does Fractal have an API?
Yes. Fractal's products are distributed via multiple cloud marketplaces as transactable offerings, suggesting marketplace APIs and integration endpoints. Cogentiq e-commerce enables businesses to go from sign-up to go-live in as little as two days using only a marketplace API (e.g., Amazon marketplace API is live). Fractal has 20+ products listed on the AWS Marketplace (including Cogentiq in the AI Agents and Tools category) and 28+ products on the Azure Marketplace, with live integrations to AWS, Azure, and Databricks environments. Developer documentation is at fractal.ai/investor-relations.
What industry is Fractal in?
Fractal's product category is Enterprise AI Software and Consulting. Its primary akta.pro industry code is BPAEAHAF, AI/ML Engineering & Model Development Services, with a secondary code of HDAEANAD, LLMOps & Generative AI Platforms (Prompt/Agent Orchestration, RAG). Its NAICS code is 54151 and its SIC code is 7373.