Milestones
Since our inception in 2000, over 24 years, our mission has been to reshape business through science and advanced data tools, and uncomplicate decision-making. Along the way, we have tackled challenges, embraced opportunities, and grown continuously. Guided by our core values – Client First, Learn and Grow, Think Big, Act Fast, and Extend Extreme Trust and Accountability – we remain committed to powering every human decision with AI for large enterprises, globally
Acceleration phase (2022 onwards) New GenAI product launches and innovations
• Introduced several GenAI products including Flyfish.ai, Avalok.ai, and Astra • Launched new GenAI products to make expertise more accessible, including MarshallGoldsmith.ai: an AI avatar of the esteemed executive coach, and Kalaido.ai the text to image platform
Foundation (PRE-2010) The origin of empowering data‑driven decisions through AI and technology services
• Initially worked with BFSI and CPG industries; the first client was an Indian financial institution for whom we built predictive models for loan approvals within 30 minutes • Focused on large, global enterprises and expanded into the US through an office in New Jersey • Developed intellectual property (IP) for business problems, including Pincer for pricing optimization and Eavesdrop for sentiment analysis
Growth phase (2020-22)
• Expanded to Australia, UAE, and opened new offices in Canada, Pune, and Chennai • To complement organic capabilities, acquired a 100% stake in Neal Analytics, Asper.ai, and Senseforth.ai • Made a majority equity investment in Analytics Vidhya, our education technology (“EdTech”) platform • Established Responsible AI practice to help clients globally leverage AI, ethically and responsibly
Client base expansion and strengthened partnerships
Early growth (2010-15)
• Expanded in CPG and BFSI industries, entered retail and UK markets • Expanded operations by opening new offices, engaging new clients, and hiring employees
• Secured $360 million from TPG Fett Holdings Pte. Ltd.
Geographic and industry vertical expansion in building AI solutions
• Turned Unicorn
• Entered the UK market
• Formed "Fractal Sciences" in 2012
Expansion phase (2015-20) Strategic investments
• Integrated engineering and design with AI capabilities, resulting in AI products like Qure.ai (2016), AIDE, Eugenie.ai, Theremin.ai (2018), and image/video analytics (2019) • Acquired Final Mile in FY 2018 to integrate behavioral science and data science, enhancing problem- solving capabilities
• Incubated AI products like Concordia, Customer Genomics, and Trial Run to address common business problems, offering easy integration and quick deployment
• Raised external financing from TA FVCI Investors Limited
• Expanded into new industry verticals such as HLS and TMT
• Acquired 4i in FY 2017 to expand AI technology, and consulting capabilities, and deepen presence in the CPG industry • Secured investments of $200 million in FY 2019 from Quinag Bidco Limited • Expanded globally by opening offices in Canada, Germany, Netherlands, and Ukraine (via 4i acquisition)
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Fractal Analytics Limited | Annual Report 2023-24
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