Message from Srikanth and Pranay
Dear Members, Since the launch of ChatGPT in
keeping our people at the forefront of evolving technologies. In FY24, Fractalites collectively dedicated 330,700 hours to training, averaging 76 hours per learner. Innovation We are building a world-class R&D team to advance AI research and develop capabilities that align with our clients' future needs. This commitment has led to significant achievements, including the creation of Kalaido.ai and MarshallGoldsmith.ai. Kalaido.ai is India's first Gen AI- powered text-to-image generator, using a neuroscience-based prompt methodology to enhance creativity. It generates high-quality images from text prompts in English and 17 Indian languages. Best of all, Kalaido is free to use and rivals some of the best image generation platforms available. Our second offering, MarshallGoldsmith.ai, provides everyone with access to a personal coach. Dr. Marshall Goldsmith, recognized as one of the Top Ten Business Thinkers in the World and named America's #1 executive coach by INC Magazine, brings his expertise to this platform. Trained by Dr. Goldsmith himself, the platform delivers his expert guidance and advice to users. This ensures a truly personalized coaching experience. To date, the platform has addressed over 74,000 questions. MarshallGoldsmith. ai democratizes access to world-class coaching, offering an unparalleled, personalized experience to everyone, at no cost! We have also built our own Medical Assist multimodal model, Vaidya, which competes with state-of-the- art multimodal models at answering complex questions in the medical domain. Stay tuned, as Vaidya will be launching soon to bring advanced medical assistance to everyone.
grew by 162% and by 9+ points. This was driven by tailwinds in the AI industry along with our focus on key Fortune 500 clients, what we call Must Win Clients (MWCs). The core of our strategy is to serve a thousand MWCs that meet our 10-20-30 criteria: Companies that are either $10 billion in revenue, $20 billion in market capitalization, or serve 30 million+ customers.
November 2022, AI has entered the mass adoption stage in its evolution. While AI models have been improving our lives for several years, the release of ChatGPT and other Generative AI tools has made the magic of AI more immediate, palpable, and accessible for a wide range of everyday activities. For the first time, we have a technology that understands us and is super responsive to our needs, has compressed knowledge of the world and is getting more capable every day. At Fractal, our core values guide everything we do: "Client First" drives us to always prioritize our clients' best interests, "Learn and Grow" focuses on nurturing and developing exceptional professionals, "Think Big, Act Fast" encourages us to challenge the status quo and execute with speed, and "Extend Extreme Trust and Be Accountable" means we assume positive intent from others and hold each other accountable. Client centricity Our client obsession and trust are validated by our Net Promoter Score, which stands at 77 for FY24 (April 2023-March 2024), which is our highest ever. FY24 has been a year one of strong growth and profitability. Fractal group recorded a revenue growth of 11% YoY (INR) and reported EBITDA grew from -6.0% in FY23 to 3.3% in FY24. EBITDA in absolute
77 FY 2024 NPS
We have a track record of inventing and investing on behalf of our clients and delivering value to them by identifying key emerging trends in Enterprise AI and investing in research, new product development and acquiring businesses to strengthen our capabilities. All while pushing the boundaries of AI innovation. Our people For the 8 th consecutive year, we have been certified as a Great Place To Work ® in India, USA, Australia, Canada, and the UK by The Great Place to Work Institute. We are honoured to be among the Top 25 companies in India for diversity and inclusion practices. Our commitment to creating an exceptional workplace is evident through our GPTW Trust Index score which is at 86. We are committed to building a Fractal for ALL by fostering a culture where everyone experiences a sense of belonging and is empowered to live their full potential. In the age of AI, staying ahead of the latest technological advancements is crucial for driving innovation and sustaining our competitive edge. Our in-house training function, Fractal Analytics Academy, is committed to
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Fractal Analytics Limited | Annual Report 2023-24
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