Srikanth Velamakanni

Cofounder, Fractal

Search every verified Srikanth Velamakanni interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Srikanth Velamakanni, co-founder and group CEO of Fractal Analytics, discussed the company's Q1 FY27 results in July 2026, reporting a 92% year-on-year increase in net profit and 20% revenue growth. He attributed the performance to strong demand for AI services, particularly in the BFSI and healthcare sectors, and said the company's margin expansion was driven by operating leverage. Velamakanni described the quarter-on-quarter profit decline as a seasonal blip due to salary increases and campus hiring, and stated that the TMT vertical's 22% year-on-year decline was linked to clients shifting from AI operational expenditure to capital expenditure. He expressed confidence that TMT would return to sequential growth in the following quarter. Velamakanni has stated that Fractal's 20% growth rate is below the company's ambition, and that he would be satisfied with growth exceeding 30% year-over-year. He described Fractal as an "AI first company" that uses classical AI, generative AI, and agentic AI to solve business problems. He has called on Indian IT services companies to increase their R&D spending from roughly 1% of revenue to at least 3%, noting that Fractal spends about 7% of revenue on R&D. In a May 2026 address at the NASSCOM GCC Summit, Velamakanni argued that the AI industry is not in a bubble, citing real progress on benchmarks and a major platform shift, and said the "best days of tech" are ahead. He also predicted that global tech spending growth would remain low single-digit for the current year but would begin to expand within 12 to 18 months.