IPO-bound Fractal among 8 entities added to India's AI Mission

IPO-bound Fractal among 8 entities added to India's AI Mission

19 Sep 2025, 11:58 AM

The other entities that have been selected by the government under its AI Mission include Avatar AI, IIT Bombay Consortium – Bharat Gen and Intellihealth.

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The Indian government has added eight more companies including the initial public offering (IPO)-bound Fractal Analytics to build indigenous AI models under its AI Mission.

The other entities that have been selected by the government are Avatar AI, IIT Bombay Consortium – Bharat Gen, Tech Mahindra Maker’s Lab, Zenteiq, GenLoop, Intellihealth and Shodh AI, said the Ministry of Electronics & IT in a statement.

These companies were selected from about 506 proposals, and the initiatives of these entities span multilingual and domain-specific models, scientific discovery, healthcare, and industrial innovation, it said.

The statement explained that Fractal Analytics is building India’s first large reasoning model of up to 70 billion parameters, designed for structured reasoning, STEM disciplines, and medical problem-solving.

Last month Fractal Analytics filed draft red herring prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (SEBI for a Rs 4,900 crore IPO.

Meanwhile, Avatar AI is developing specialized “AI Avatars” up to 70 billion parameters, optimized for Indian languages and sectors such as agriculture, healthcare, and governance.

Bharat Gen is building multilingual and multimodal models ranging from 2 billion to 1 trillion parameters, with an open-source approach to cater to various segments including healthcare, legal, education and finance.

Tech Mahindra Maker’s Lab is creating an eight billion parameter model for Indic languages with a focus on Hindi dialects; Zenteiq is developing a science-driven multimodal foundation model; and GenLoop is building small language models.

Intellihealth is building a 20 billion parameter model for EEG ( Electroencephalography) signal to analysis to help in early screening of neurological disorders and Shodh AI is developing a 7 billion parameter model for material discovery.

Prior to selecting these eight companies, the government had selected four companies -- Sarvam AI, Gnani AI, Soket AI, and Gan AI.

The statement also said that 30 data and AI Labs have been rolled out across India as part of the first wave of the 570-lab network.

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