EQT-backed Indium eyes further acquisition for growth

CHENNAI: Private equity firm EQT-backed data engineering company Indium expects Rs 1,300crore revenue in 2025-26 financial year (FY26), up from Rs 130 crore in 2020-21 period, driven by growth in its data engineering and artificial intelligence businesses, according to a senior executive of the company.

In the last five years, the company witnessed 46% compounded annual growth rate (CAGR) and 61% CAGR through inorganic growth through its acquisition of Kochi-based engineering services company Experion. However, it did not share the revenue estimates for the current fiscal.

The 25-year-old company provides data engineering, AI, product engineering and other services for financial services, healthcare, manufacturing, retail, and technology enterprise. On Thursday, it rebranded itself as Indium from Indium Software and plans further acquisition to complement its capabilities in data, cloud and near-shoring, said Ram Sukumar, co-founder and CEO of Indium.

“We have had a period of five years of very good growth despite the industry going through a little bit of a slower phase. In the last 18 to 24 months, we have been fortunate to have some tailwinds that have helped us grow,” he said.

Going forward, the company plans to implement AI in five areas such as AI solutions which comprises building language models, agentic AI models, and product development, industry specific applications, and internal functions such as HR and marketing.

Sukumar said large enterprises in the US have started committing dollars to generative AI projects, improving adoption from the experimental stage and added these are clustered around technology companies and large enterprises.

He said there are opportunities in data engineering, data ops, MLOps.


Stay informed with the latest business news, updates on bank holidays and public holidays.