Kedia bought 3.56% at ₹429 a share, taking his holding in the AI customer-service firm to 9.68%. The stock has tripled since its December IPO.
Alpha Score of 51 reflects moderate overall profile with strong momentum, poor value, moderate quality, moderate sentiment.
Vijay Kedia raised his stake in Exato Technologies to 9.68%, buying 3.56% at ₹429 a share, a regulatory filing showed. The purchase adds to his position in the SME-listed provider of AI customer-service software.
Exato listed in December 2025 at ₹140. The stock has more than tripled since. Kedia's latest buy comes as enterprises in banking and telecom push more customer interactions through automated platforms. The broader push into AI tools has lifted valuations across the SME tech segment, several analysts said.
Kedia's pattern of adding to small-cap tech bets before they scaled makes his disclosures a closely watched signal, several market participants said. His total holding in Exato now stands at 9.68%. The filing did not specify whether the purchase was made in the open market or through a block deal.
Exato builds AI tools for chatbots and workflow automation. The company has a market capitalization of roughly ₹520 crore. Its technology is deployed across sectors handling millions of daily customer interactions. Banking and telecom clients use the platform to handle routine queries, freeing up human agents for complex issues, the company has said.
The stock's run from the IPO price has pushed it to a premium over the SME tech peer group, investors said. A market cap of ₹520 crore places it among the smaller AI-focused names in the Indian listed space. The limited free float and low trading volumes could amplify price swings, traders said.
Whether Exato can turn the AI adoption cycle into earnings growth will decide if the valuation holds, analysts tracking the sector said. The company's next quarterly results are due in the coming months. A revenue beat would strengthen the case for the current multiple, they said.
Kedia's other publicly disclosed holdings include Tejas Networks and KPIT Technologies. He built positions in both years before their major re-ratings. The returns from those bets have made his portfolio moves a template for retail investors tracking the small-cap space.
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