#NDTVProfitExclusive
Exclusive interview with Srikanth Velamkanni, Chairperson, NASSCOM & CEO, Fractal Analytics, on what Big Tech’s billion-dollar bets mean for India’s consumers and economy
@Rish_Bhat@srikanth
Srikanth Velamakanni, Chairperson Nasscom, Kishor Patil, Vice Chairperson, Nasscom and Rajesh Nambiar, President, Nasscom addressed the Nasscom FY27 Townhall and sharing a sharp perspective on where the technology industry is headed.
A few themes stood out strongly from the discussion:
A few themes stood out strongly from the discussion:
• The world will need more software than ever in the AI era, creating a massive growth opportunity for the technology industry.
• AI is not just about automation. The real opportunity lies in reimagining organisational workflows through a Human + AI model where trust, accuracy, and deep domain expertise become critical.
• The best days of the technology industry are still ahead of us. Indian technology companies are uniquely positioned to innovate and scale in ways very few ecosystems can match globally.
• As technology reshapes economies and industries, Nasscom has an important role to play in shaping global conversations around innovation, talent, and responsible adoption of AI.
• The industry must continue expanding investments in R&D, DeepTech, and engineering capabilities to build long term growth and global leadership.
• Protecting the core while expanding into newer markets will remain equally important as enterprises navigate this transition.
• With products across industries being re-engineered with AI, India has a significant opportunity to strengthen its journey towards becoming a product nation by building a stronger product and innovation ecosystem.
• The next phase of growth will also come from strengthening India’s ER&D ecosystem and leveraging AI across engineering and product development.
• “India for India” is emerging as a powerful opportunity for multinational companies looking to build, innovate, and scale from India for one of the world’s fastest growing digital economies.
@srikanth@fractalai@KPITKishorPatil@KPIT@RNamb
To prepare for the coming AI race, the youth must build and release their AI systems, rather than simply absorb information, as this helps build a portfolio that can improve their prospects for hiring, opines @srikanth , Chairperson, @nasscom ; Founder and Trustee, Plaksha University.
He recently delivered a keynote address at Plaksha's event themed ‘AI in the Real-World’, held in Mumbai. At the event, he discussed what AI sovereignty means in practice and why corporates must invest more aggressively in AI.
Read the full interview:
AI changes everything, and GCCs are uniquely positioned to lead this transformation.
At Day 1 of #NasscomGCCSummit2026, @srikanth Velamakanni, Chairperson, Nasscom, shared how AI’s ability to reason, plan, and act in real-world environments is reshaping enterprises globally and unlocking multi-trillion-dollar opportunities.
India’s GCCs are at the core of this transformation, uniquely equipped to drive organization-wide AI adoption and innovation.
Three essential pillars to harness AI’s potential:
• Process transformation: Rethink every function, supply chains, finance, marketing, and operations, end-to-end.
• Build strong AI foundations: Prioritize data accuracy and context to tackle the complexity of enterprise-level AI solutions.
• Reskill workforces: Enable talent to adopt and lead AI-driven transformations for the future of work.
As GCCs shift from execution to strategy, India stands as the innovation hub of AI-driven enterprise transformation.
#EnterpriseAI #IndiaTech #Nasscom #GCC26 #ArchitectingTheStrategicLeap
Resilience and adaptability define the leaders of tomorrow, those who can build from scratch and navigate uncertainty with clarity.
Shikha Sharma, Independent Director & former Managing Director and CEO of Axis Bank, joined Srikanth Velamakkani, Chairperson, Nasscom, in an insightful Fireside chat at the #NasscomGCCSummit2026, to discuss leadership in an era of transformation.
She highlighted her key approach to building ICICI Prudential Life Insurance from the ground up, emphasizing an entrepreneurial mindset, the courage to take risks, and a focus on execution. From scaling teams to growing through cycles, she stressed the importance of using challenges as stepping stones for long-term success.
GCC leaders must lead with agility, embrace risk, and adopt an entrepreneurial drive to seize opportunities in today’s fast-changing world.
#Leadership #Nasscom #GCC26 #ArchitectingTheStrategicLeap
@srikanth
The Mythos Menace: How India can prevent the new Anthropic autonomous AI model from disrupting our banks and financial infrastructure. Watch interview with @nasscom chairman and AI expert @srikanth Velamakanni on Mythos dangers:
https://t.co/I1EmUsAkrn
In conversation with @rajchengappa on Nothing But The Truth, NASSCOM Chairman @srikanth breaks down what “Mythos” represents in the evolving world of artificial intelligence. He explains that while models like ChatGPT and Gemini have been built on predicting the next word and are highly effective at summarising and generating content, newer systems are advancing beyond that. These models are now developing deeper reasoning capabilities and, increasingly, the ability to act—moving from simply assisting users to actually executing complex tasks across digital systems.
Listen to the full podcast:
India Today Podcasts: https://t.co/oGmiRdefqE
Apple: https://t.co/Gjb40ru3xv
Spotify: https://t.co/ROInpvyVit
[Srikanth Velamakanni, Raj Chengappa, NASSCOM, Mythos AI, artificial intelligence, ChatGPT, Gemini, predictive models, reasoning AI, autonomous systems, AI evolution, task automation, generative AI, digital execution, future of AI, Nothing But The Truth, India Today Podcasts]
#AI #ArtificialIntelligence #Mythos #NASSCOM #ChatGPT #Gemini #FutureOfAI #AIEvolution #GenerativeAI #AutonomousAI #TechTrends #Innovation #MachineLearning #DigitalTransformation #AITalks #SrikanthVelamakanni #RajChengappa #NothingButTheTruth #IndiaTodayPodcasts
'Growth is challenged right now. But AI-led expansion will come through in the next 1–2 years, creating massive opportunity,' says @srikanth, Co-founder, @fractalai.
He adds, this is the biggest opportunity Indian tech services cos have ever had, but they must leverage it or risk becoming extinct.
@_prashantnair@Reematendulkar #AI #Tech #Jobs #CNBCTV18Digital #Townhall
'Companies today are not hiring entry-level talent as some roles can be replaced by AI tools. But this diamond-shaped structure is not sustainable. Firms need high-quality talent and a flatter pyramid,' says @srikanth, Co-founder of @fractalai.
@_prashantnair@Reematendulkar
#AI #Tech #Jobs #CNBCTV18Digital #Townhall
This is one conversation I've wanted to have ever since we started Activate.
At the start of 2026, two major events took place in India AI:
1. Fractal went public as India's first AI IPO
2. Neysa AI partnered with Blackstone for a $1B capital commitment
There are so many parallels in the journeys of @srikanth and @sharad_sanghi: both building for more than 2 decades, from Mumbai, selling into large enterprises, and working with GPUs since 2010!
We go deep in all things data, compute and India. Could have gone on for hours :)
DON'T MISS -> 4.30 PM ON TUESDAY.
Join us in the studios if you can. Tune in for sure.
Topic: Will IT derate more OR an opportunity here ?
We have a fantastic line up.
1. Frank D’Souza is the co-founder of Cognizant - He will be releasing his white paper on what IT svcs cos need to do to adapt.
2. Srikanth Velamakanni is the co-founder, Group CEO of Fractal. A clear thinker & someone who is very much in the middle of all this change.
3. Phil Fersht is a author, analyst & thought leader in IT Services. His firm works with the top Indian cos.
4. Dan Ives is the Global Head of Tech Research @ Wedbush. A 25 year Wall Street veteran.
5. Nilesh Shah is Founder - Envision Capital. A seasoned investor who has tracked IT services for decades now.
6. Sumeet Jain is the India IT Services analyst with CLSA.
As I said, join us or tune in. It promises to be a superb discussion.
#Nifty #BankNIfty #ArtificialIntelligence #India #ITServices
.@srikanth Velamakanni has been appointed Chairman of @nasscom, succeeding Sindhu Gangadharan, whose term concludes in April 2026.
A co-founder and Group CEO of @fractalai, Velamakanni brings deep expertise in enterprise AI, analytics, and responsible tech. He has been part of Nasscom’s Executive Council for over six years and previously served as Vice Chairperson. Kishor Patil has been elected Vice Chairperson.
Working alongside Rajesh Nambiar, he will help shape the industry’s next phase—focused on accelerating AI-led services transformation, driving product innovation, and positioning India as a global hub for agentic and vertical AI solutions.
The move comes at a pivotal moment as India’s tech ecosystem looks to lead the next wave of AI-powered growth and workforce transformation.
#Nasscom #LeadershipUpdate #AI #TechIndustry #IndiaTech #DigitalTransformation
We welcome Srikanth Velamakanni, Co-founder and Group Chief Executive, Fractal Analytics Ltd, as the Chairperson of Nasscom.
At a pivotal moment for the industry, his leadership will focus on advancing AI-led growth across services and products, accelerating deeptech and IP-led innovation, strengthening talent and skilling for Human + AI roles, and embedding responsible AI at scale.
We look forward to shaping the next phase of India’s global technology leadership, grounded in trust, innovation, and impact.
@RNamb@srikanth@fractalai
Fractal share up 5% after good Q3
Rev up 21% YOY, Adj EBITDA up 40 bps to 17.8%
@srikanth on AI disruption
"When OpenAI or Claude releases a new model, we are excited, not scared. As these models get better, our ability to reimagine workflows with AI increases. “We are a net beneficiary of AI progress.”
On growth
Will sustain/better Rev growth (~20% In 9mFY26)
Adj EBITDA margins have improved more than 10% over the last 3 years
Operating leverage and AI-led productivity will continue to improve margins.
Revenue declined in TMT due to two client-specific issues
Stk at ~800 vs issue price of ~900
Full interview: https://t.co/Z7J2Of1pRP
#FractalAnalytics @fractalai@CNBCTV18News #3qwithcnbctv18 #CNBCTV18Market
[PART 2/2]
🚨 Fractal Analytics has launched Vaidya 2.0, a healthcare-focused reasoning model, at the India AI Impact Summit in New Delhi.
It scored 50.1 on OpenAI’s HealthBench (hard)—the first to cross the 50 mark—with the company claiming it outperformed GPT-5 and Gemini Pro 3.
Part of the IndiaAI Mission, Vaidya 2.0 is positioned as a “Health Care Operating System,” supporting use cases from emergency triage to end-to-end patient care.
For more news & updates, visit 🔗 https://t.co/3CJFgmRKm1
#AI #HealthcareAI #IndiaAI #HealthTech #FractalAnalytics #DigitalHealth
[PART 1/2]
🚨 Fractal Analytics has launched Vaidya 2.0, a healthcare-focused reasoning model, at the India AI Impact Summit in New Delhi.
It scored 50.1 on OpenAI’s HealthBench (hard)—the first to cross the 50 mark—with the company claiming it outperformed GPT-5 and Gemini Pro 3.
Part of the IndiaAI Mission, Vaidya 2.0 is positioned as a “Health Care Operating System,” supporting use cases from emergency triage to end-to-end patient care.
For more news & updates, visit 🔗 https://t.co/3CJFgmRKm1
#AI #HealthcareAI #IndiaAI #HealthTech #FractalAnalytics #DigitalHealth
Fractal Analytics went public, a milestone that was 26 years in the making.
But what’s even more remarkable is the uphill battles Fractal had to fight to get here: Rejection from nearly 300 VCs, a co-founder dispute that nearly split the company, and a US market that dismissed their work as outdated.
@fractalai is the epitome of rolling with the punches and refusing to stay down.
In Season 1 of the Blume Podcast, @sajithpai (Sajith) interviewed @srikanth (Srikanth), Co-Founder, Group CEO and Executive Vice-Chairman of Fractal Analytics, to learn how he built a enterprise AI company that now serves 100+ Fortune 500 clients worldwide.
Here are some of the earned secrets from their conversation:
𝟭. 𝗦𝗼𝗺𝗲𝘁𝗶𝗺𝗲𝘀 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝗴𝗿𝗼𝘄𝘁𝗵 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗶𝘀 𝘁𝗼 𝘀𝘁𝗼𝗽 𝘀𝗲𝗹𝗹𝗶𝗻𝗴.
An executive coach told Srikanth point-blank: "You're the most client-unfriendly organization I've ever met." Fractal was brilliant at analytics but didn't care enough about client success. So they stopped all new sales for an entire year and focused only on existing clients. Counter-intuitively, their sales grew anyway.
𝟮. 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁𝗶𝗮𝘁𝗲 𝗼𝗻 𝘆𝗼𝘂𝗿 𝘀𝗵𝗮𝗿𝗽𝗲𝘀𝘁 𝗲𝗱𝗴𝗲.
Fractal's success in India did not initially translate to the US. Prospects said: "We already did this five years ago." So they went back to the drawing board. They knew they couldn't beat McKinsey at business consulting or IT firms at technology. But they could be the absolute best at analytics. That sharp, narrow focus is what cracked the US market. Today, the US accounts for 65% of Fractal's revenue, over ₹1,800 Cr in FY25.
𝟯. 𝗧𝗵𝗲 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗰𝗮𝗻 𝗼𝗻𝗹𝘆 𝗴𝗿𝗼𝘄 𝘄𝗵𝗲𝗻 𝘁𝗵𝗲 𝗳𝗼𝘂𝗻𝗱𝗲𝗿 𝗴𝗿𝗼𝘄𝘀 𝗳𝗶𝗿𝘀𝘁.
At every inflection point (co-founder tensions, fundraising setbacks, a needed shift to client-centricity), Srikanth found that the company's ceiling was tied to his own willingness to evolve. It was uncomfortable, but he actually listened, adapted, and improved each time. His words: "The whole entrepreneurship journey has been an exercise in ego destruction."
To hear the full story of what it takes to build an enterprise AI company from the ground up, check out the full podcast here: https://t.co/wP0sHGiVuO
@BKartRed@AshishFafadia@sajithpai@sanjaynath@arpiit@riashroff@saritaraichu@mehtaalok@mitul_am@SeekingN0rth@DeepikaDakuda@gauthamsiv@ray_elton99@vikramg05