Strong growth at Mu Sigma despite management upheaval

Indian data analytics firm Mu Sigma has reported a 22% growth in net profits at Rs 462.9 crore on a revenue of Rs 809.5 crore for 2015-16, in a year when the company’s founder Dhiraj Rajaram was sued by a former investor and a dispute with his partner Ambiga ended in a divorce. 

Mu Sigma is only one out of eight Indian Unicorns that have shown consistent profits over the years, even as Rajaram took control of the company with a 51.6% stake in October 2016 after he bought shares of his ex-wife. 

Ambiga had taken over as