Shub Bhowmick, Co-Founder and CEO, Tredence
Tredence, a data and analytics company, is gearing up for a phase of accelerated growth with an ambition to achieve $1 billion in annual revenue by 2030.The US-headquartered niche analytics player, which has a significant presence in multiple Indian cities including Chennai, has seen its revenue go up over 10x in the last six years from around $30 million in 2020 to an anticipated range of $340-350 million in 2026.Speaking to businessline, Shub Bhowmick, co-founder and CEO, Tredence, said that they started out as a pure play analytics specialist, but over the years have widened its offerings to include data engineering, MLOps and Agent orchestration projects.“In earlier stages, I would say it was a lot of intelligence building. Then it got to a point where it was not just building intelligence, but enabling our clients to make decisions. Now it is shifting to a point where it’s about integrating those decisions into the business workflows,” he said.Tredence also wants to move away from the traditional time and material contracts to more outcome-based pricing. “Internally, we want to change that equation, the proportionality between revenue and headcount. Today, about one-third of my business is still time and money. I want to make it zero over time,” he said.Around 50 per cent of Tredence’s revenue still comes from data engineering work. The other half comes from AI-related services.In terms of industry verticals, retail and CPG are the largest segments, though the firm is actively looking to grow its presence in growth segments like travel & hospitality, telecom media and tech, healthcare and life sciences, banking and financial services and manufacturing. As for the geographies, he said that while the US still holds the largest share, both West Asia and Europe have shown strong growth in recent years.Acquisitions will be a key part of this strategy, says Bhowmick. “I am going to keep acquiring some businesses. But acquisitions will not be about acquiring revenue. It will be about acquiring strategic capabilities,” he said, adding that they will acquire for new vertical plays or geographies.In June, Tredence announced the acquisition of KMK Consulting, a Life Sciences and Biopharma focused analytics and consulting firm, a relatively nascent vertical for the company.The firm currently employs around 5,000 employees with around 20 per cent stationed in the US and the remaining spread across its offices in India and a few global delivery centres. The company is actively training its employees in an effort to make them AI-native and increasing revenues per full-time employee (FTE).Bhowmick added that Tredence, which last raised money in 2022, is exploring another fundraise in 2027.“I feel we need to get to a certain scale before going public. As a services company, if you go public too early, then it becomes hard to make the right decisions because then you are always thinking about the quarter. And I think we are still at a stage where we need to build for the long-term,” he added.Published on August 13, 2026
