Pranay Agarwal is an Indian business executive, co-founder, and current chief executive officer (CEO) of Fractal Analytics. Fractal Analytics is a global multinational corporation headquartered in Mumbai, India, and New York, United States.
Established in 2000 by Srikanth Velamakanni, Pranay Agrawal, Nirmal Palaparthi, Pradeep Suryanarayan, and Ramakrishna Reddy, this artificial intelligence (AI) company has grown to become a leading provider of data-driven solutions.
It serves Fortune 100 companies worldwide and helps them make informed decisions by applying advanced analytics and AI. In January 2022, the company reached ‘unicorn’ status.
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This article will look into Pranay Agrawal’s net worth, education, career, and more.
Pranay Agrawal’s Net Worth
Unfortunately, we could not find any data on Pranay Agrawal’s net worth. We will update this section as soon as we come across any reliable information on Fractal’s CEO net worth.
However, it is worth noting that Agrawal is the co-founder and CEO of a billion-dollar multinational corporation. His shares, along with his salary and other compensation, must have amassed him a significant net worth.
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Education
Pranay Agarwal began his early education at Vandana Primary School in 1986. He then continued his schooling at Bangalore Public School, completing his studies there in 1992.
For his high school education, he attended Frank Anthony Public School.
Pranay Agarwal pursued his undergraduate studies at St. Joseph’s College of Commerce, where he earned a Bachelor of Commerce (BCom) degree in April 1995.
Following this, he continued his education by completing a Master of Business Administration (MBA) from the Indian Institute of Management (IIM) Ahmedabad.
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Career
Pranay Agrawal began his career at SB Billimoria & Co., in 1995. During his time there, he was involved in statutory, internal, and tax audits for companies across various industries, including financial services, manufacturing, and medical equipment.
In 1998, Agrawal briefly worked as an Associate at ANZ Grindlays Bank, in the trade finance and corporate finance departments.
Following this, he joined ICICI Bank in 1998 as a Manager in the market risk and derivatives research group within the treasury. He was responsible for pricing and risk analysis and played a role in launching collateralized bond obligations (CBOs) in the Indian market. He remained at ICICI Bank until February 2000.
In March 2000, Pranay Agarwal co-founded Fractal Analytics with Srikanth Velamakanni, Nirmal Palaparthi, Pradeep Suryanarayan, and Ramakrishna Reddy. Then he took on the role of Executive Vice President (EVP) for Global Client Development. Over the next two decades, he focused on client servicing, business development, account management, and new client acquisition. His efforts contributed significantly to the growth of Fractal’s revenue and client base.
In November 2016, Agarwal was appointed as the Chief Executive Officer (CEO) of Fractal Analytics, succeeding co-founder Srikanth Velamakanni. Under his leadership, Fractal has grown into a global analytics powerhouse, enabling data-driven decision-making for enterprises.
He also led the company’s expansion, including new subsidiaries such as Qure.ai and Cuddle.ai. He also spearheaded key partnerships, including a collaboration with KNIME, and strategic acquisitions, such as the purchase of Chicago-based strategy and analytics firm 4i Inc. and behavioral architecture company Final Mile.
In 2022, Fractal Analytics turned unicorn.
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Latest Updates
Fractal Analytics is planning to raise over $500 million through an Initial Public Offering (IPO). This move, which is expected to value the company between $3 billion and $3.5 billion, will provide a partial exit for key investors such as TPG and Apax Partners.Â
The company’s public listing is anticipated to boost India’s AI sector, attract foreign investment, and expand its business applications across industries such as healthcare, financial services, and retail​.
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FREQUENTLY ASKED QUESTIONS
Who is the CEO of Fractal AI?
The current chief executive officer (CEO) of Fractal AI is Pranay Agarwal. Agarwal co-founded the company in 2000 with Srikanth Velamakanni, Nirmal Palaparthi, Pradeep Suryanarayan, and Ramakrishna Reddy.
Is Fractal an MNC company?
Yes, Fractal is a multinational corporation. This company offers services in the packaged consumer goods, insurance, healthcare, life sciences, retail, technology, and financial industries.
Is Fractal Analytics going public?
Yes, Fractal Analytics is planning to go public through an Initial Public Offering (IPO), eyeing a valuation between $3 and $3.5 billion.
