Tryfacta Hopes to Raise $100-150 Million IPO at GIFT City International Exchanges

New Delhi, Oct 13, 2025 – US IT and staffing company Tryfacta Inc is set to file its draft papers for an initial public offering (IPO) towards the end of this month, hoping to mop up USD 100–150 million with a listing on the international exchanges of Gujarat International Finance Tec-City (GIFT City), sources privy to the development stated.

If it goes through, Tryfacta will join the list of first-to-list firms at GIFT City’s overseas exchanges, after Mumbai ed-tech platform XED, which submitted its draft prospectus in August. XED’s intended listing will be to raise working capital, technological upgradation, and general corporate expenses, as interest in this new global financial destination gathers steam.

Early Interest in GIFT City Exchanges

GIFT City already has two running exchanges – India INX and NSE International Exchange (NSE IX) – both created to lure international investors and allow foreign and Indian companies to list internationally. The exchanges aim to make India a more competitive choice for offshore finance centers, encouraging firms to raise foreign capital without leaving Indian jurisdiction.

Yoki Financial Services Appointed as Lead Manager

Yoki Financial Services, a subsidiary of Mefcom Capital and an IFSCA-registered investment bank, has been hired as the lead manager for Tryfacta’s planned IPO. The development reflects GIFT City’s increasing credibility among regulated investment institutions and advisory companies.

About Tryfacta Inc

Established in 1996 by Adesh Kumar Tyagi and Ratika, Tryfacta Inc has its headquarters in California and offers IT services, technology solutions, staffing, and payrolling services—mainly to US government and institutional customers. The company serves various industries, including healthcare, engineering, education, professional services, and consulting, with an increasing focus on AI-fueled digital transformation.

Major Client Engagements and Growth

Tryfacta has also recently won various high-value contracts with prominent US federal government agencies, proof of its growing scope of operation and reputation in the federal contracting market.

• US Defense Health Agency – USD 43 billion
• US Defense Logistics Agency – USD 11.9 billion
• US Department of Veterans Affairs – USD 100 million
• State of Florida – USD 143 million
• Baltimore County Public Schools – USD 55 million

The company’s employee strength has increased from 205 in 2020 to more than 4,000 in 2024 across IT, healthcare, and non-IT verticals. At the same time, its active contract base increased from 10 in 2020 to over 150, with the majority having five- to ten-year tenures, providing robust revenue visibility and sustainability in the long term.

Strategic Significance

The proposed USD 100–150 million IPO at GIFT City represents a major milestone in Tryfacta’s evolution as a global AI-driven services firm. It also highlights the rising appeal of India’s GIFT City as a destination for cross-border listings, providing domestic and international firms with access to global investors while maintaining a strong India nexus.

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