Fractal Analytics

Indian-founded AI and analytics services firm listed in 2026

Overview

Fractal provides analytics, data engineering and AI consulting to large companies, alongside a set of AI products. Founded in 2000, it listed on the National Stock Exchange and BSE in India in 2026.[9] For the fiscal year ended 31 March 2026 it reported consolidated revenue of INR 32,997 million, up 19%, and net income of INR 2,868 million, up 30%.[8] The company had six client relationships worth US$20 million or more and 59 worth US$1 million or more, and states that it employs over 5,000 professionals.[8] It reports subsidiaries in the United States, United Kingdom and Australia.[9] Fractal is one of only two pure-play analytics services firms in this list that publish audited revenue.

Fractal Analytics strengths and limitations

Strengths

  • Audited financials following its 2026 listing
  • Specialist analytics and AI focus rather than general IT outsourcing
  • Long-standing client relationships of significant size

Limitations

  • Much smaller than the platform vendors and EXL
  • Concentrated in large-enterprise accounts
  • Short track record as a listed company

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