Fractal Analytics has appointed Shilpa Kedia as its Chief Financial Officer and Group Chief Financial Officer, effective October 19, 2026. The appointment follows the resignation of Ashwath Bhat and aims to drive profitable growth through disciplined capital allocation.

Leadership transition and priorities

Kedia joins Fractal Analytics with two decades of financial leadership built across prominent consumer and healthcare organisations. She succeeds Ashwath Bhat, whose resignation necessitated the revision of the company's authorization framework for material disclosures under SEBI Listing Regulations. Her primary mandate includes directing capital toward research, platforms, and products, while building a commercial model that prices for the value created by the company's AI solutions.

Professional background

Kedia joins Fractal from Johnson & Johnson (J&J), where she served as CFO for the India Medical Devices & Technology (MedTech) business. Prior to this role, she spent four years at Hindustan Unilever Limited (HUL), holding leadership positions including Head of Investor Relations, Group Finance Controller, and Head of M&A, Treasury & Insurance. Earlier in her career, she spent nearly a decade with J&J across its Consumer and MedTech businesses and five years with Nokia India, building a strong controllership foundation. She began her career with the Tata Administrative Services (TAS) leadership program at the Tata Group. Kedia is a Chartered Accountant with an all-India rank and holds a Bachelor of Commerce degree from Narsee Monjee College.

Strategic focus on AI monetization

Srikanth Velamakanni, Co-founder and Group CEO, stated that Kedia brings the perspective of someone who has made investment decisions and been accountable for returns. Her role will focus on strengthening the commercial model behind Fractal's strategy, specifically regarding where to invest in platforms and products, how to price for value created, and how to turn that value into sustained earnings growth. Kedia noted that her priority is to bring client-side discipline to Fractal's finance function, ensuring a clear line of sight from investment in AI models to durable, profitable growth.

Revised disclosure framework

Consequent to the leadership change, Fractal Analytics revised its list of authorised Key Managerial Personnels for determining the materiality of events or information and making requisite disclosures to stock exchanges. The updated framework lists Shilpa Kedia as CFO & Group CFO and Somya Agarwal as Company Secretary & Compliance Officer. This disclosure supersedes previous intimations dated February 16, 2026, and is hosted on the company's investor relations website.

Fractal Analytics has incorporated a new wholly owned step-down subsidiary, FRACTAL AI QFZ LLC, in the Qatar Free Zones to expand its artificial intelligence and IT service capabilities.

The entity was incorporated on September 28, 2026, with the company receiving formal intimation from the Qatar Free Zones Authority on October 7, 2026. This move marks a strategic entry into the Qatari market through a dedicated legal entity focused on high-value technology domains.

Subsidiary structure and ownership

FRACTAL AI QFZ LLC is a wholly owned subsidiary of Fractal Private Limited, which is itself a wholly owned subsidiary of Fractal Analytics Limited. Consequently, the new entity operates as a wholly owned step-down subsidiary of the listed company. The ownership structure ensures direct control over operations while leveraging the existing corporate hierarchy.

Business focus and services

The primary objective of FRACTAL AI QFZ LLC is to provide specialized technology solutions. The entity’s line of business encompasses software development, information technology consultancy, network services, and support services. Crucially, the disclosure highlights a specific focus on artificial intelligence-related services, aligning with the parent company’s core expertise in AI-driven analytics.

The incorporation does not require any governmental or regulatory approvals beyond standard registration in the free zone. The consideration for the subscription of shares is cash-based, reflecting a straightforward capital infusion into the new venture.

Strategic expansion

This establishment reinforces Fractal Analytics’ global footprint by adding a presence in the Middle East. By channeling this expansion through Fractal Private Limited, the company maintains a clear separation between its listed entity and operational subsidiaries while retaining full economic interest. The choice of Qatar Free Zones suggests a preference for favorable regulatory environments for technology firms.