Worth over $1.5 billion today, Fractal has raised close to $700 million in venture capital over its lifetime. But the path it took to get here is anything but boring. Growing up in a middle-class Indian family, Srikanth Velamakanni, Fractal’s co-founder and group CEO, remembers his father telling him there was no such thing as an “honest businessman”. The phrase was an oxymoron.“So when I grew up, I told myself that while I’d go and get a world-class education, I would always work for a high-quality company. I would never start a business. It was very clear to me,” he says as we sit down for the latest episode of First Principles.And yet, in 2000, Srikanth and five of his friends quit their jobs, scraped and pooled in Rs 2 lakh each (~US$2,400), and started Fractal.It takes a lot to build companies for the long term—only 2% of all companies get to celebrate their tenth anniversary. The school of hard knocks is unforgiving to young companies and first-time founders. The odds are measured in terms of survival first and not success.Fractal and Srikanth were part of the 2% that survived the first ten years.Listen to this episode of First Principles to understand how the soon-to-be 25-year-old company plans to beat the odds and still be around 50 years from now.You can read the full transcript of the conversation here: https://the-ken.com/podcasts/first-principles/srikanth-velamakanni-fractal/ 

In this latest episode of Figuring Out Podcast, we have Srikanth Velamakanni, Founder of Fractal Analytics and we have discussed:-How AI will replace all the jobs and to fight that?-What skills you should learn to future ready?-How technology is controlling us?-How to learn about AI or Tech to understand and imply the usage of tech in current jobs?-What should be the mindset of students sitting for placements and what is the biggest mistake they made?-Next big industry where people can make insane amounts of moneySrikanth Velamakanni is the Co-founder, Group Chief Executive and Executive Vice Chairman of Fractal. In 1998, he joined ANZ Investment Bank from business school in the structured debt department and he got a chance to work with clients such as Enron and in sectors such as aircraft finance. A move to ICICI Bank’s structured products group followed—“due to lifestyle issues”—and this is where Srikanth and Pranay Agarwal, eventually a co-founder at Fractal, worked on India’s first collateralized bond obligation (CBO) in 1999.It was at ICICI Bank that Velamakanni and Pranay, both deeply involved in financial math in their jobs, decided that there was potential to use math to help businesses such as banking do better. Then they Co-Founded Fractal Analytics. Fractal is a leading player in the artificial intelligence and transformative enterprise decision making space. Fractal’s mission is to power every human decision in the enterprise and to use the power of AI to help the world’s most admired Fortune 100 companies. Since Srikanth co-founded Fractal in 2000, the company has raised more than USD 300 million from institutional private equity investors. Fractal serves more than 100 Fortune 500 companies with its AI, data and analytics driven business strategies.Srikanth Velamakanni'sSocial Media Handles ⤵︎Twitter @srikanthhttps://twitter.com/srikanthLinkedin: https://www.linkedin.com/in/srikanthvelamakanni/•   •   •🎧 Stream Figuring Out episodes on Spotify: https://open.spotify.com/show/736rhmW7vilNgkFFo8aDz4📺 Watch Figuring Out episodes on YouTube:https://youtube.com/playlist?list=PLE0Jo6NF_JYO5-phess8GKafKMtPv3tfZ☑️ Subscribe to Figuring Out Clips:https://www.youtube.com/c/FiguringOutClips00:00 - Introduction00:58 - Discussion topics02:44 - Mistake students make during placements06:52 - Top 3 industries people should pick today?08:47 - Brutal reality of the finance industry10:06 - How to identify if this company will give you growth or not?12:51 - Is AI or technology eating all our jobs?17:59 - How to learn about AI?25:03 - How to build a business around a problem?29:43 - Technology boon or bane?31:08 - Risks of technology world can face43:38 - What is behavioural economics?53:11 - Most fascinating thing about Indian Consumers1:02:51 - 3 books everyone should read1:10:20 - Next big industry1:13:00 - Conclusion•   •   •About Raj ShamaniRaj Shamani is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.To Know More,Follow Raj Shamani On ⤵︎Instagram @RajShamanihttps://www.instagram.com/rajshamaniTwitter @RajShamanihttps://twitter.com/rajshamaniFacebook @ShamaniRajhttps://www.facebook.com/shamanirajLinkedIn - Raj Shamanihttps://in.linkedin.com/in/rajshamani•   •   •#aijobs #jobloss #rajshamaniAbout Figuring OutFiguring Out Podcast is a Candid Conversations University where Raj Shamani brings raw conversations with

Srikanth Velamakanni, co-founder of Fractal, shares insights from his journey leading India’s first AI analytics unicorn. He discusses the company's remarkable rise, facing a leadership crisis, and ultimate IPO prospects. The conversation delves into the role of AI in enhancing public safety, such as reducing railway accidents. Velamakanni also navigates the challenges and ethical implications of AI, stressing the need for responsible development and regulation. His story is one of resilience, innovation, and the transformative power of technology.

In this episode, Srikanth Velamakanni, co-founder of Fractal, discusses the different businesses under Fractal and their usage of AI-driven strategies to help Fortune 500 companies. They explore the implementation of AI in various sectors, raising capital for rapid growth, the importance of client centricity, and the influence of Jeff Pizzos on their organization. They also touch upon the significance of education and entrepreneurship for India's success.

Join Instagram Growth Masterclass Here: https://hi.switchy.io/FFAFOrder 'Build, Don't Talk' (in English) here: https://amzn.eu/d/eCfijRuOrder 'Build Don't Talk' (in Hindi) here: https://amzn.eu/d/4wZISO0--------------Subscribe To Our Other YouTube Channels:-https://www.youtube.com/@rajshamaniclipshttps://www.youtube.com/@RajShamani.Shorts---------------Prepare to be enlightened and engaged as in this episode of Figuring Out, Raj Shamani hosts a captivating conversation with the visionary CEO of Fractal Analytics, Srikanth Velamakanni. Srikanth is a great C.E.O. who works tirelessly without losing sight of the strategic objective. Fractal is a leading player in the artificial intelligence and transformative enterprise decision making space. Fractal’s mission is to power every human decision in the enterprise and to use the power of AI to help the world’s most admired Fortune100 companies. Since Srikanth co-founded Fractal in 2000, the company has raised more than USD 300 million from institutional private equity investors.In this exclusive podcast episode, they unravel the profound impact of Artificial Intelligence on our world. The conversation kicks off with a bold exploration of the implications of AI on the bottom 50% of the population, with Srikanth advocating for the democratisation of AI access. Delve into the fascinating world of AI language models as they dissect the race between ChatGPT and Bard. Discover how ChatGPT has the potential to shape human thinking, acting as a personal assistant for every individual. The conversation takes a thought-provoking turn as they delve into the potential dangers of AI, from the rise of powerful companies to job displacement and the crucial need for AI safety. The discussion takes a philosophical turn as they explore the profound impact of AI on society, contemplating the challenges of AGI and automation. Intriguing insights into India's role in the AI landscape are unveiled, as Srikanth envisions the Indian army's technological transformation and discusses AI's potential to reshape global dynamics. Srikanth offers practical advice for individuals seeking to enhance their lives through AI, highlighting the transformative power of integrating AI into daily routines. The conversation ends with insights into India's standing in the world of AI, the potential transformation of the IT service industry, and the rising prominence of Indian talent in the field.Start watching now! ------------🎧 Stream Figuring Out episodes on Spotify: https://open.spotify.com/show/736rhmW7vilNgkFFo8aDz4📺 Watch Figuring Out episodes on YouTube:https://youtube.com/playlist?list=PLE0Jo6NF_JYO5-phess8GKafKMtPv3tfZ---------------My gear for shooting this video: Canon EOS 200D II 24.1MP DSLR Camera: https://amzn.to/3GuiPFKCanon EF50MM F/1.8 STM Lens: https://amzn.to/3WZOSoiCanon EF-S 18-55mm f/3.5-5.6: https://amzn.to/3ZpKBMyYunteng Aluminium Tripod (Vct-690, Black): https://amzn.to/3ItEzV0Zoom H6 All Black (2020 Version): https://amzn.to/3irUCIfShure SM7B Cardioid Vocal Dynamic Microphone: https://amzn.to/3GPimiMShure MV7 USB Podcast Microphone: https://amzn.to/3Xjy63dGODOX SL150II 150W LED Video Light: https://amzn.to/3XeN0aL------------------Timestamps00:00 - Introduction2:17 - Will AI users get unfair advantage?5:47 - Will language be a barrier for Chatgpt? 7:17 - Google, Amazon & others as AI players8:30 - Chatgpt VS Google Bard: Who will win? 13:36 - Will Chatgpt make an average person? 18:01 - Isn't Chatgpt scary?21:52 - Fake photos of trump getting arrested? 23:42 - Dangers of AI28:28 - How can we not let AI get too powerful? 32:20 - Indian army with AI?38:52 - Impact of AI on finance41:32 - Impact of AI on L