Notes to the Consolidated Financial Statements as at and for the year ended March 31, 2024
Notes to the Consolidated Financial Statements as at and for the year ended March 31, 2024
(in Rupees million)
Disclosure of top customer having sales more than 10 % of the total revenues
March 31, 2023
(in Rupees million)
Intersegment elimination
% of Total sales
Particulars
Fractal.aiFractal.alpha Unallocated
Total
As at March 31, 2024
As at March 31, 2023
Revenue from operations
19,691
190
-
(27)
19,854 (1,183)
Customer Customer A
Operating income*
(315)
(788)
(80)
-
12%
15%
Other income Finance cost
431
35 P articulars of Subsidiaries Considered in the preparation of the Consolidated Financial Statements:
(453) (781) (290) 5,410
Depreciation and amortisation Share of (loss) of associate
Country of incorporation/ Place of business
As at March 31, 2024
As at March 31, 2023
Subsidiaries
Exceptional items Profit before tax
(a) Subsidiaries directly held Fractal Analytics Inc, USA
3,134 *Operating income for Fractal.ai and Fractal alpha segment is net of one time bonus paid of C 413 million and C 58 million respectively.
United States of America
100.00% 100.00% 100.00% 100.00% 97.30% 100.00%
100.00% 100.00% 98.31% 100.00% 97.30% 100.00% 100.00% 100.00% 55.92% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 98.31% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 94.76% 94.76%
Fractal Private Limited, Singapore
Singapore
Cuddle Artificial Intelligence Private Limited* Final Mile Consultants Private Limited Theremin AI Solutions Private Limited* Eugenie Technologies Private Limited A sper.AI Technologies Private Limited (upto August 31, 2023)^^ Senseforth AI Research Private Limited Analytics Vidya Educon Private Limited Neal Analytics Services Private Limited
India India India India India India India India India
March 31, 2024
March 31, 2023
Segment Asset Fractal.ai
12,290
12,855
-
Fractal alpha Unallocated
5,567 6,063
5,808 3,824
100.00% 55.92% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
23,920
22,487
Segment Liabilities Fractal.ai
Fractal Alpha Private Limited
(b) Subsidiaries indirectly held Fractal Analytics UK Limited
5,910
4,993
United Kingdom
Fractal alpha Unallocated
178
91
Fractal Analytics (Switzerland) GmbH
Switzerland
3,633 9,721
3,769 8,853
Fractal Analytics (Canada) Inc.
Canada Germany
Fractal Analysis Germany GmbH (Germany) Fractal Analytics Netherland B.V (Netherlands)
Capital Employed Fractal.ai
Netherlands
Cuddle.ai Inc.*^
United States of America United States of America
6,380 5,389 2,430 14,199
7,862 5,717
4 i Consulting Inc.(merged in Fractal Analytics Incorporated, USA from April 01, 2023) Limited Liability Company Symphony (Ukraine)
-
Fractal alpha Unallocated
55
Ukraine
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 94.76% 94.76% 94.76%
13,634
Final Mile Consulting LLC Fractal Analytics Sweden AB
United States of America
Sweden
Geographical disclosure G eographical revenue is allocated based on the location of the customer. Information regarding geographical revenue is as follows :
Fractal Analytics (Shanghai) Limited Fractal Analytics Malaysia SDN BHD Fractal Analytics Australia Pty. Ltd Theremin Multi-strategy Fund LLP
China
Malaysia Australia
India
Asper.AI Limited
United Kingdom
As at March 31, 2024
As at March 31, 2023
Country America
Asper.AI Inc
United States of America
A sper.AI Technologies Private Limited (w.e.f September 01, 2023)^^
India
-
14,323 4,209 3,431 21,963
13,339 3,467 3,048 19,854
Europe
Senseforth AI Research Inc
United States of America United States of America United States of America United Arab Emirates United States of America United States of America
100.00%
100.00%
APAC & Others
Eugenie Inc.
94.12%
94.12%
Neal Analytics LLC^^^
100.00% 100.00% 100.00% 55.92% 100.00%
100.00% 100.00% 100.00%
Fractal Analytics FZ LLC (w.e.f September 02, 2022)
G eographical non-current assets (Comprising of property, plant and equipment, right-of-use assets, goodwill, other intangible assets, income tax assets and other noncurrent assets) are allocated based on the location of the assets
Fractal Frontiers Inc
Analytics Vidhya Inc (w.e.f August 08, 2023) Fractal Japan KK (w.e.f August 21, 2023)
- -
Japan
Information regarding geographical non-current assets is as follows:
The Group is engaged in principal activity of Analytics, Machine Learning and Artificial Intelligence. *Based on equity holding excluding dilution due to convertible instruments and employee stock option pool of subsidiaries companies. ^Subsequent to year end, Cuddle.ai Inc. one of step down subsidiary has filed for dissolution dated April 24, 2024 with State of Delaware to be effective from March 31, 2024. ^^During the year parent entity had sold the shares of Asper.ai Technologies Private Limited to Asper.AI Inc, accordingly Asper.AI Technologies Private Limited has become indirect subsidiary w.e.f September 01, 2023. ^^^Subsequent to year ended March 31, 2024 subsidiary Neal Analytics LLC is merged with Fractal Analytics Incorporated, USA w.e.f April 09, 2024.
(in Rupees million)
As at March 31, 2024
As at March 31, 2023
Country America
4,068 2,439
3,919 1,840
APAC & Others
Europe
19
33
6,526
5,792
242
243
Fractal Analytics Limited | Annual Report 2023-24
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