Aeries Technology (AERT): Concise Company History and Timeline
Updated August 10, 2026. Fiscal years end March 31.
Company and business model
2012 — Founded: Aeries Technology began operating as a professional-services and technology-consulting company.
Core model: Aeries designs, establishes, staffs, and manages Global Capability Centers (GCCs) for private-equity portfolio companies and middle-market enterprises.
Primary services: Technology and application engineering, data and analytics, cybersecurity, finance and accounting, HR and recruiting, customer support, IT infrastructure, and ongoing GCC management.
Delivery footprint: India is the main offshore delivery base; Mexico is the principal nearshore expansion market for North American clients.
Revenue model: Predominantly services and managed operations. AI products are used to enhance delivery and win transformation work; Aeries does not separately disclose software ARR.
Timeline
November 2023 — Nasdaq listing: Aeries became public through a business combination with Worldwide Webb Acquisition Corp. and began trading as AERT.
FY2024 — GCC business established at public-company scale:
April 2024 — Founder exchange: Founder Raman Kumar exchanged AARK operating-company interests for 21.337 million pre-split AERT shares.
FY2025 — Operational and public-company reset:
February 2025 — Leadership change: Ajay Khare became CEO after previously serving as chief revenue officer and chief operating officer. Daniel Webb became CFO and chief investment officer.
August 2025 — AeriesOne launched:
Second half of 2025 — Expansion announcements:
September 2025 — First material client transition: A significant customer non-renewal became effective, representing approximately $4.0 million of annual revenue. Aeries received a contractual one-time payment of approximately $1.6 million.
February 2026 — FY2027 outlook introduced: Following improved FY2026 profitability, Aeries guided to:
March 2026 — Share-repurchase program:
March 2026 — Management changes: CFO Daniel Webb resigned. CTO Unni Nambiar moved from the public-company role to a leadership position in Aeries’ Indian operating subsidiary. CEO Ajay Khare also assumed principal financial/accounting responsibilities.
April 2026 — Second material client transition:
May 2026 — A1 GCC agentic platform launched:
June 2026 — FY2026 turnaround reported:
June 12, 2026 — Reverse split: AERT completed a 1-for-8 share consolidation to restore compliance with Nasdaq’s minimum-bid requirement.
June 2026 — Headcount geography snapshot:
June quarter 2026 / Q1 FY2027 — Growth and cash generation:
June quarter 2026 — Capital allocation and equity compensation:
July–August 2026 — Legacy FPA restructuring:
August 2026 — AxAI introduced:
Headcount progression
March 2024: ~1,700 full-time employees.
March 2025: ~1,400, following the transfer of 303 employees to a customer.
March 2026: ~1,692 full-time employees.
June 2026 presentation: ~1,744 total headcount; 1,482 Asia and 262 Americas.
Employee counts can move sharply because client-dedicated employees may transfer directly to clients under GCC agreements.
Current operating identity
Aeries is primarily a GCC services and managed-operations company with an AI-enablement layer.
The company has more than a decade of operating history, but only became publicly listed in November 2023.
AI tooling was present in public disclosures by FY2024; the coordinated AeriesOne platform strategy began in August 2025; explicit agentic-AI branding accelerated with A1 GCC and AxAI in 2026.
The AI offering is not presented as a standalone open-source software business.