Adesh Tyagi’s Tryfacta Eyes International IPO at GIFT City to Secure $150M Funding

Author : S Sundar | Published On : 17 Oct 2025

Adesh Tyagi’s Tryfacta is preparing to secure a significant milestone in its growth journey with plans to file for an international IPO at GIFT City, aiming to raise between $100 million and $150 million. This move positions Tryfacta as the potential first international company to list on the GIFT City International Financial Services Centre (IFSC), which is rapidly gaining recognition as a global financial hub.

Founded in 1996 by Ratika and Adesh Kumar Tyagi, Tryfacta has built a strong reputation for its comprehensive IT services, staffing, and payrolling solutions, catering to US government agencies and large institutional clients. Its recent contract wins include major projects with the US Defense Health Agency, the US Defense Logistics Agency, and the Department of Veterans Affairs—highlighting its dominance in high-value federal contracts.

The company has experienced remarkable growth, expanding its workforce from 205 employees in 2020 to over 4,000 in 2024, and increasing active contracts from 10 to over 150, most spanning five to ten years. This growth reflects its robust business model and long-term client relationships, positioning it well for the public markets.

The IPO, managed by Yoki Financial Services, is expected to be filed by the end of October and signals a strategic move to leverage GIFT City’s infrastructure for global expansion. This will not only enhance Tryfacta’s access to international capital but also showcase GIFT City’s appeal as an attractive listing destination for foreign companies.

Overall, under the leadership of Adesh Tyagi, Tryfacta's IPO at GIFT City is seen as a major step toward strengthening India's standing as a global financial hub and could pave the way for more international tech and IT firms to follow suit.