Bhavish Aggarwal’s Krutrim Realigns Strategy Towards AI Cloud Services in FY26

Krutrim, founded by Bhavish Aggarwal, has moved its focus to artificial intelligence cloud services after a restructuring in late 2025. Work on chip design and large language models has been put on hold.  

Capital and engineering teams have been reassigned to the cloud business, showing a change in priorities. 

Revenue and Profit 

The company reported revenue of around ₹300 crore for FY26, about 3 times higher than the previous year.  

It also posted its first annual net profit, with a profit-after-tax margin of over 10%. Krutrim said it is now operating without the need for immediate external funding. 

Cloud Platform 

Krutrim has built a full-stack artificial intelligence cloud platform in-house. The system is deployed at scale and supports enterprise workloads across sectors such as mobility, manufacturing, and customer operations.  

The company said the platform allows it to manage costs and performance internally. 

Customer Adoption 

The firm reported more than 25 enterprise clients across telecom, financial services, healthcare, logistics, and consumer internet sectors.  

Demand for GPU computing capacity has increased, with most of the available capacity already committed to enterprise workloads. Usage extends beyond the company’s own group operations. 

Migration from External Cloud 

The shift followed the transfer of workloads from Ola to Krutrim’s platform. In May 2025, Aggarwal said the group had exited Microsoft Azure and moved all operations to its in-house system. The company also reported onboarding over 2,500 developers during this phase. 

Funding Background 

Krutrim became a unicorn in 2024 after raising $50 million at a valuation of $1 billion, with backing from Matrix Partners India.  

Earlier in 2025, shares of Ola Electric were pledged to support funding requirements, though these have since been released after repayment. 

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Conclusion 

Krutrim’s repositioning centres on cloud infrastructure after stepping back from capital-intensive projects. The company reported revenue growth and early traction among enterprise customers. 

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