Uniqus Consultech on track to hit $100 million revenue by 2026, eyes AI and global expansion

Uniqus Consultech, the consulting and technology firm founded by Jamil Khatri, is on a steady path toward its target of $100 million in revenue by 2026. Having trebled its revenue in 2024, the company expects to close 2025 at $50 million.

“We trebled our revenues in 2024, we are a calendar-year company, and this year we’ll do $50 million in revenue, which is our third year of operation. So that sets us up beautifully for, in fact, 2026, close to $100 million, and $150 million by 2027. So, on track,” Khatri said in an interview to CNBC-TV18.

This strong momentum comes alongside a $20 million Series C fundraise led by Nexus Venture Partners with continued backing from Sorin Investments. The capital will be used to deepen the company’s global footprint, grow service adjacencies, and build out its artificial intelligence capabilities. “We are profitable. And actually, we don’t need that much capital,” Khatri said, noting that a large part of previously raised funds remains unused. “To date, we’ve raised $23 million, and we’ve only spent $7-8 million of that.”

A significant portion of the new capital will go towards expanding into markets like Bahrain, Qatar, Kuwait, Oman, Canada, and Singapore. “We believe there are tremendous opportunities and product-market fit for what we do in these regions,” Khatri said. The company, which already has over 250 clients globally, also plans to offer more services to existing clients, many of whom are asking, “You do four things for us, why can’t you do item five and item six?”

A major focus area going forward is AI. Uniqus plans to AI-enable large parts of its consulting operations to boost productivity and enhance the client experience. “We believe that 60–70% of efforts that go into certain solutions can be AI-enabled,” Khatri said. The AI capabilities will further power Uniqus’ suite of technology platforms like Risk UniVerse, Reporting UniVerse, and ESG UniVerse.

Since launching two years ago, the company has grown to 550 employees across 11 offices in India, the Middle East, and the US. “It’s been a great build for us,” said Khatri, citing strong growth across all business verticals—from IPO advisory and finance transformation to ESG and cybersecurity consulting.

Uniqus currently earns around 40% of its revenue each from the US and the Middle East, with the rest coming from India. The company continues to maintain a selective approach to the Indian market, choosing to focus only on specific high-value areas.

Despite global market volatility, Khatri sees continued activity in India’s IPO readiness space. He observed that while India has historically lagged in IPO exits compared to regions like China, startups have a widespread understanding of the need to prepare for public markets. “…people realise that you need to be ready, so whenever the market opens up, you then have a window to list yourself,” Khatri noted.

Furthermore, Khatri highlighted Saudi Arabia as an increasingly important IPO market. “There’s a very, very strong IPO market in Saudi Arabia,” he mentioned, adding that some Indian businesses are even exploring listing their Middle East operations directly on the Saudi exchange.

Watch the accompanying video for the entire conversation.