Automation Anywhere’s Growth in India Amidst AI Revolution
Introduction
Automation Anywhere, a frontrunner in robotic and agentic process automation solutions, is witnessing a remarkable uptick in the adoption of its services among Indian enterprises. This trend has been catalyzed by the increasing integration of artificial intelligence (AI) into boardroom discussions, as highlighted by a senior company official.
Shifting Demand Landscape
For the past five to six years, demand for Automation Anywhere’s solutions primarily came from global capability centers (GCC) located in India. However, recent trends indicate a significant rise in interest from Indian-headquartered companies. Ankur Kothari, co-founder and Chief Operating Officer of Automation Anywhere, shared these insights during the company’s annual Imagine India 2025 event.
Boardroom Conversations on AI
Kothari noted that in the last 1.5 years, he has been part of more boardroom conversations than he experienced in the previous five years. “This topic is at the forefront of every board’s agenda, driven by both fear of missing out and the eagerness to adopt new technologies,” he explained. “Everyone wants to learn.”
Rise of Agentic Applications
This surge in interest is driving demand for agentic applications, which are pivotal in enhancing business processes through automation.
Expanding Workforce
In response to this growing demand, Automation Anywhere is expanding its teams, focusing primarily on product and engineering roles. Kothari emphasized the commitment to cater to both the Indian enterprises and GCCs more effectively.
Global Workforce Overview
As of now, Automation Anywhere employs approximately 1,900 individuals globally, with around 55% of its workforce based in India.
Generative AI Wave
The generative AI boom that began in 2022 has prompted companies to prioritize the integration of AI into their offerings. Automation Anywhere has been at the forefront of this shift.
Launch of Agentic Platform
The company launched its agentic platform two years ago and has since expanded its range of products and services. Kothari stated that while AI integration into their services began over five years ago, generative AI has significantly accelerated this process.
Expansion of Services
On June 24, Automation Anywhere expanded its agentic services, introducing a range of innovations including a process reasoning engine, enterprise user experience agents, and reasoning agents. These advancements aim to streamline business processes through automation.
Financial Overview
Since its inception, Automation Anywhere has secured a total funding of $840 million and was valued at approximately $7.3 billion as of 2019, according to Tracxn data. The majority of its revenue is derived from the United States, with key sectors including banking, financial services, healthcare, and manufacturing.
Profitability and Future Plans
The company has reported profitability for the last seven quarters, demonstrating financial stability as it prepares for a public listing. Despite this readiness, it has yet to determine an exact timeline for its initial public offering (IPO).
IPO Readiness
“Being IPO ready means positioning ourselves to consider the options between remaining private or going public. We will choose the right time,” Kothari remarked, indicating a strategic approach to their future.
Conclusion
As Automation Anywhere continues to expand its services and workforce, its commitment to integrating AI into business processes puts it at the forefront of technological innovation in India. The increasing adoption of these solutions among Indian enterprises signals a vibrant future for automation technologies in the region.
FAQs
1. What is Automation Anywhere known for?
Automation Anywhere specializes in robotic and agentic process automation solutions that help businesses streamline their operations.
2. How has the demand for Automation Anywhere’s services changed recently?
There has been a notable increase in demand from Indian-headquartered companies, alongside ongoing interest from global capability centers (GCC) in India.
3. What trends are driving boardroom discussions according to Ankur Kothari?
The integration of artificial intelligence into business operations has become a key topic in boardrooms, motivated by a desire to stay competitive.
4. What financial milestones has Automation Anywhere achieved?
Automation Anywhere has raised $840 million in funding and was valued at $7.3 billion as of 2019. It has been profitable for the last seven quarters.
5. Is Automation Anywhere planning to go public?
Yes, the company is preparing for a potential initial public offering (IPO) but has not set a specific date for it yet.
