GRID DYNAMICS HOLDINGS Business Summary

Grid Dynamics Holdings, Inc. (GDYN) operates as a digital engineering and IT services provider, generating revenue primarily through high-margin professional services including technology consulting, platform engineering, and advanced data analytics. The company specializes in accelerating digital transformation for Fortune 1000 enterprises, with its business organized into key industry verticals: Retail (its largest revenue contributor), Technology, Media and Telecom (TMT), Finance, and Consumer Packaged Goods (CPG)/Manufacturing. As of early 2026, the company has pivoted heavily toward AI-driven transformation, leveraging strategic partnerships with hyperscalers like AWS, Google Cloud, and NVIDIA to deliver production-grade generative AI and agentic solutions. Grid Dynamics competes directly with global digital engineering firms such as EPAM Systems, Globant, and Endava, as well as legacy IT consultancies like Accenture and Cognizant, positioning itself as a specialized, high-density engineering alternative for complex, mission-critical architectural projects. The company was founded in 2006 by Victoria Livschitz, a former Sun Microsystems technologist who led the technical vision, and Leonid Shamis, who focused on early commercial scaling. The current leadership team is headed by CEO Leonard Livschitz, who has served as Chief Executive since 2014 and a director since 2006, bringing over 30 years of experience from HP, Philips, and Ford. Key executives include CTO Eugene Steinberg, a founding engineer and AI specialist, and CFO Anil Doradla, a former Wall Street analyst who joined in 2019. The board is chaired by Lloyd Carney, former CEO of Brocade, and includes notable directors such as Eric Benhamou (founder of Benhamou Global Ventures) and Marina Levinson (former CIO of NetApp). A significant minority stakeholder is Beijing Teamsun Technology Co., Ltd., which holds approximately 20% of the company's shares, alongside major institutional investors like BlackRock and Vanguard.