Agentic AI is expected to contribute over 25% of Tredence’s revenue by the end of this calendar year, up from less than 10% currently, Shub Bhowmick, CEO and co-founder of the enterprise AI company told FE.
“It’s (revenue contribution from agentic AI) relatively small, less than 10% of our revenue right now. But we anticipate this number will grow very quickly… I think it’ll be 25% plus toward the end of this year,” he said.
The company has secured funding from two prominent institutional investors, Advent International and Chicago Pacific Founders. Co-founded in 2013 by Sumit Mehra, Shashank Dubey, and Bhowmick, the company has received significant investments, including $30 million in 2020 and a substantial Series B funding of $175 million in 2022.
Tredence, which creates bespoke AI capabilities and solutions for enterprises, has seen a growing demand in generative and agentic AI applications across multiple industries. “Demand is exploding right now in agent care. Right now, I would say 10 to 15 (proof of concepts), just in the agent space,” Bhowmick said.
Examples of AI deployments range from content creation to decision-support systems. “There is one client for which we are creating social media content,” he said.
In the agentic space, Bhowmick shared an example involving AI agents collaborating with each other. “It’s a reporting solution, almost like a supervisor agent talking to an analyst agent and they’re exchanging information,” he explained. “This capability we have actually already developed for a larger retail CPG (consumer packaged goods) company.”
Internally, Tredence has also begun to use AI tools to drive efficiency. Further, Tredence is investing nearly 10% of its revenue into research and development. “We are starting to use this in talent acquisition. Our finance team is starting to use this,” Bhowmick said.
The company plans to hire around 1,700 people in 2025 to meet rising demand, with a focus on generative AI. The bulk of these hires will not be fresh graduates. “The vast majority of this number is not freshers. We’ll do our usual campus class, every year is around 300 or so,” Bhowmick said.
While global uncertainty may affect hiring plans, Bhowmick said they have not yet seen a direct impact. The company is also set to train over 1,000 of its 3,500 employees on Agentic AI in 2025.
Last year, the company aimed to onboard approximately 1,500 employees and came very close to meeting that target.
Looking ahead, Tredence aims to reach $500 million in revenue by 2027. Bhowmick highlighted that growth would come from both established sectors such as retail and CPG and from expanding verticals like BFSI.