Aeries Technology Stock Price, News & Analysis

Aeries Technology (NASDAQ: AERT) has signed a Letter of Intent with Cority, a SaaS platform provider specializing in environment, health, safety, quality, and sustainability solutions, to establish AI-driven Global Capability Centers (GCCs) in India and Mexico.

The strategic partnership aims to support Cority's innovation and efficiency goals, with the GCCs initially focusing on core business functions before expanding capabilities as the company scales. The centers are designed to accelerate Cority's market expansion and next phase of growth.

Both companies expect to finalize definitive agreements in the coming months. The partnership will enable Cority to enhance operational agility and access top talent while supporting their long-term value creation objectives.

Aeries Technology (NASDAQ: AERT) has successfully completed and transitioned a high-performing Global Capability Center (GCC) in India to a major U.S. healthcare fintech client. The 4-year engagement involved designing, building, and operating a custom GCC that scaled to over 300 professionals across multiple departments.

The HIPAA-compliant center served as a crucial hub for service delivery, innovation, and cost optimization. Under Aeries' management, the GCC achieved high service-level performance and strong employee satisfaction. The client's decision to convert the GCC into a wholly owned subsidiary demonstrates Aeries' ability to create sustainable value and deliver flexible operating platforms.

Aeries Technology (NASDAQ: AERT) has launched an AI-Centered Global Capability Center (GCC) framework, integrating AI across all its worldwide GCCs. The initiative embeds intelligent automation, generative AI agents, and data-driven systems into core GCC functions including finance, IT, HR, and customer operations. The framework follows successful implementation at a healthcare portfolio company where its Bangalore GCC scaled to 300+ employees in 15 months. The AI-Enabled GCC market, valued at $32.8B in 2023, is projected to reach $211B by 2032 at 21% CAGR. With 1000+ professionals, Aeries aims to drive transformation and EBITDA impact for PE-backed companies through this AI-driven operating model.

Aeries Technology (NASDAQ: AERT) has appointed Elias (Eli) Mendoza as Chief Growth and Strategy Officer to accelerate its private equity-focused expansion. Mendoza, former Partner and COO at Siris Capital, brings over 20 years of experience in private equity, M&A, and operational transformation. His background includes roles as VP and Global Head of Corporate Development at IBM and Executive Director at Morgan Stanley. The appointment aligns with Aeries' focus on AI-enabled value creation and digital modernization for PE portfolio companies. Mendoza will be based in New York, reporting to CEO Ajay Khare, and will help drive global expansion and revenue optimization through AI-driven transformation. The move comes as private equity firms seek deployment opportunities for over $1.3 trillion in dry powder, highlighting the growing demand for institutional-grade transformation partners.

Aeries Technology (NASDAQ: AERT) has announced a strategic partnership with Fortra to establish Global Capability Centers (GCCs) in India and Mexico. The collaboration aims to expand Fortra's existing India-based workforce and add a nearshore hub in Mexico. As a cybersecurity software and services provider, Fortra will leverage Aeries' expertise to deliver purpose-built solutions through these GCCs, focusing on core business functions. The centers will help Fortra access skilled talent pools, ensure cost efficiency, and scale operations while fostering innovation and accelerating digital transformation initiatives. The partnership represents a long-term commitment to support Fortra's operational expansion and workforce growth in these regions.

Aeries Technology (NASDAQ: AERT) reported mixed financial results for Q3 FY2025. While North America revenue grew 13.1% year-over-year, total revenues declined 6.8% to $17.6 million compared to $18.9 million in Q3 FY2024. The company posted a net profit of $2.0 million, improving from a net loss of $16.3 million in the same period last year.

Operating income showed a loss of $5.2 million, down from a gain of $0.7 million in Q3 FY2024. Core adjusted EBITDA improved to $1.5 million from ($0.02) million, while Adjusted EBITDA declined to ($2.0) million from $2.4 million.

The company reiterated its FY2025 guidance with expected revenue between $71-73 million and core adjusted EBITDA of $6-7 million. For FY2026, Aeries projects revenue of $74-80 million and Adjusted EBITDA of $6-8 million.

Aeries Technology (NASDAQ: AERT) announced strategic leadership changes to strengthen its market position. Ajay Khare, a founding partner, has been appointed CEO, replacing Sudhir Panikassery, who becomes Non-Executive Vice Chairman. Khare, previously serving as Chief Revenue Officer and Chief Operating Officer, brings 25 years of experience in operational expertise and commercial acumen.

Daniel Webb will serve as Chief Financial Officer while maintaining his role as Chief Investment Officer, stepping down from the Board. The company aims to focus on its North American market, optimize cost structure, and enhance AI-driven transformation. These changes are designed to strengthen Aeries' position as a leading provider of global capability center (GCC) solutions, particularly for private equity firms and their portfolio companies.

Aeries Technology (AERT) reported Q2 FY2025 results with mixed performance. Total revenue decreased 4% year-over-year to $16.9 million, while North America revenue grew 13.3% to $15.7 million. The company reported an operating loss of $(4.1) million compared to income of $1.5 million in Q2 FY2024. Net loss was $(2.3) million versus net income of $0.9 million year-over-year. The company is strategically refocusing on its core North American Global Capability Center (GCC) market, targeting US-based private equity backed portfolio companies.

Aeries Technology (NASDAQ: AERT) has received the Great Place To Work® Certification™ in India, valid from October 2024 to October 2025. The certification recognizes the company's workplace culture and opportunities provided to its 1,700 professionals worldwide. The company specializes in Generative AI-Driven Digital Transformation solutions, Technology Services, and Business Process Management. This certification follows their recent recognition in the Global In-house Center Setup Capabilities PEAK Matrix® Assessment 2024 by Everest Group.