Whalesbook
Toh scene yeh hai ki Krutrim ne ab focus badha diya hai AI chip aur LLM development se hatkar AI cloud services par. Late 2025 mein strategy change hui thi, jisse ki talent aur paisa cloud infrastructure par lagaya ja sake. Is quarter mein company ne apna pehla annual net profit report kiya hai aur revenue ti-guna badh kar lagbhag ₹300 Crore ho gaya hai FY26 ke liye. Profit after tax margin bhi 10% se upar hai. Company keh rahi hai ki bahari clients se bhi acha response mil raha hai, matlab woh sirf Ola group ke liye kaam nahi karenge.
Aur is sab ke liye paisa kahaan se aa raha hai? Founder Bhavish Aggarwal khud support kar rahe hain company ko. Woh Ola Electric ke shares pledge kar rahe hain debt financing ke liye. March 2025 tak toh unhone 5.88 crore shares pledge kar diye the, jinki value uss time lagbhag ₹603 Crore thi (share price around ₹56.40 tha). December 2024 mein bhi 4.83 crore shares pledge kiye the. Yeh dikhata hai ki Bhavish sir ka confidence kitna hai, bhale hi Ola Electric ka stock aaj kal thoda volatile chal raha hai (around ₹36.64 May 3, 2026 ko).
India ka AI cloud market toh bhai boom karne wala hai. Projections bata rahe hain ki ye $185.9 billion tak pahunch sakta hai 2033 tak, jo abhi sirf $6.9 billion hai 2025 mein, matlab 50.5% ka CAGR! Indian public cloud services market bhi $30.4 billion tak ja sakta hai 2029 tak. Krutrim ka aim hai Indian companies ko native AI cloud solutions dena. Competition bhi badh rahi hai, jaise Sarvam AI bhi $300-350 million raise karne ki baat kar raha hai $1.5 billion valuation par. Krutrim toh January 2024 mein hi $1 billion valuation ke saath unicorn ban gaya tha, $50 million raise karne ke baad. Woh NVIDIA ke saath bhi partnership kar rahe hain supercomputer ke liye, taaki global players ko local alternative de sakein jo abhi market mein dominate karte hain (Amazon ka 31%, Microsoft ka 20%, Google ka 12% share hai).
Lekin sab kuch itna bhi smooth nahi hai. Kuch sawaal uth rahe hain. Sabse bada toh yeh hai ki FY25 mein 90% revenue toh Ola group ke andar se hi aaya tha (Ola Electric aur ANI Technologies se), jo ki ₹101.7 Crore tha. Matlab related-party transactions zyada hain, jisse governance ko lekar chinta hai. Aur Bhavish sir ki personal funding bhi Ola Electric ke stock par depend karti hai, jo gir raha hai. Chip aur LLM projects ko rokna bhi short-term profit ke liye accha ho sakta hai, par long-term R&D ko delay kar sakta hai.
Krutrim ka aim hai ki woh khud paise kama kar survive karein, Ola ecosystem se bahar nikal kar. Ab dekhte hain ki woh kitne bahari clients ko apne AI cloud services bech paate hain. Domestic focus unke liye faydemand ho sakta hai, lekin governance issues ko theek karna aur consistent growth dikhana unke future ke liye bahut zaroori hoga.