Tryfacta Inc Eyes International IPO Amid GIFT City Appeal
Tryfacta Inc is set to file for an IPO at Gujarat International Finance Tec-City to raise USD 100-150 million. As an IT services provider, it has seen substantial growth and successful contracts with major US agencies, expanding its workforce and active projects significantly.
- Country:
- India
In a move highlighting its growth trajectory, US-based Tryfacta Inc is poised to enter the international IPO market, planning to raise USD 100-150 million by listing its shares at Gujarat International Finance Tec-City (GIFT City). Sources indicate the filing will occur by month's end.
Tryfacta, co-founded by Ratika and Adesh Kumar Tyagi in 1996, has built a formidable presence in the IT services sector. Recently, it has secured major contracts with agencies such as the US Defense Health Agency and the US Department of Veterans Affairs, illustrating its growing reputation.
The company, leveraging AI technology, has expanded its workforce from 205 employees in 2020 to over 4,000 in 2024, a testament to its burgeoning portfolio. Yoki Financial Services is set to manage the public offering, although no comments have been forthcoming from them yet.
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