Results · AI & Deep Tech

Krutrim turns profitable with Rs 300 Cr revenue

What they do

Krutrim provides proprietary AI cloud platforms offering compute and business tools to enterprises

The company reported Rs 300 Cr revenue in FY26 and achieved profitability without needing fresh funds

It pivoted away from building its own LLMs and chips to focus on infrastructure demand

Krutrim shifted its strategic focus to AI cloud services and dropped plans for its own large language models.
The startup reported approximately Rs 300 Cr in revenue for the fiscal year 2026.
This revenue figure represents nearly a threefold increase compared to the previous year's performance.
Krutrim turned profitable during FY26, eliminating any immediate need to raise fresh capital.
The company has secured more than 25 enterprise clients across sectors like mobility and fintech.
Ola Electric promoter pledged shares worth 10.71 Cr to help fund Krutrim's data centre operations.
Over 150 employees were laid off last year as part of a broader restructuring effort.
Its AI assistant product, Kruti, went offline across web and app stores recently.

Growing market demand for GPU-based computing is driving the shift toward AI infrastructure services.
Part of early revenue is believed to come from within the Ola ecosystem, raising questions about independence.
Several other startups are also building AI infrastructure in India for local cloud and compute needs.

Krutrim offers a proprietary AI cloud platform that provides essential compute resources to businesses.
The platform includes various business tools designed to support enterprise-level artificial intelligence applications.
Clients span multiple industries including mobility, fintech, and e-commerce sectors.
The company previously planned to develop its own large language models (LLMs) but abandoned this path.
It also had plans to manufacture semiconductor chips which were subsequently dropped from its roadmap.
The pivot indicates a focus on scalable cloud services over proprietary model development.
Data centre funding is supported by equity pledges from key investors like Ola Electric.
The company operates in a competitive landscape with several peers building similar AI infrastructure.

Krutrim has no immediate plans to raise fresh funds due to its current financial health.

Ola Electric (buyer) — Promoter pledged 10.71 Cr shares for data centre funding.