About AbsecLab
AbsecLab is a Technology company based in Bhubaneswar (India) founded in 2018. It provides cashless payment systems, resource management, and IT services to organizations. It operates on a B2B and SaaS model. Its Indian entity Absec Lab Private Limited reported revenue of ₹67.5 Lakh. AbsecLab offers products and services including Cashless Payment System, Resource Management, Access Control, and Web Portals. Its focus areas include FinTech, Payment Solutions, Cashless Systems and Software Services. Similar companies include UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA and 4 more; 5 of its 9 listed similar companies have raised funding.
Company details
Absec Lab specializes in cashless payment systems and resource management solutions, facilitating purchases at vending machines and points-of-sale. They provide applications for smart cards, magnetic stripes, and account-based systems to help organizations control costs and track resources. Based in Bhubaneswar, India, they offer web portals, access control, and security services, serving businesses in competitive environments to enhance profitability and efficiency.
- Headquarters Bhubaneswar, India
- SectorsTechnology
- Email••••••••
- Website abseclab.in
- Legal Name Absec Lab Private Limited
- Date of Incorporation 15 Oct, 2018
- Jurisdiction Bhubaneswar, Odisha, India
- Annual Revenue₹67.5 Lakh
FY 2024 · -15% YoY
- Net Profit₹22,359
FY 2024 · 0% margin
- EBITDA₹42,501
FY 2024 · 1% margin
Associated legal entities of AbsecLab
AbsecLab operates through Absec Lab Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Absec Lab Private Limited CIN U72900OR2018PTC029685 | Active | 15 Oct 2018 | Bhubaneswar, Odisha | ₹0.7 Cr | 3 | 2 | View details |
Products & Services of AbsecLab
AbsecLab offers a comprehensive portfolio of products and services, including Cashless Payment System, Resource Management, Access Control, and Web Portals.
Facilitates cashless purchases at vending machines and points-of-sale.
Helps organizations track resources and control costs effectively.
Implements smart card-based building management for security.
Offers content management and customer relationship tools for businesses.
Board of directors of Absec Lab Private Limited (AbsecLab)
Absec Lab Private Limited is the primary company behind AbsecLab. The board of Absec Lab Private Limited currently have 2 directors; the longest-serving is Satya Swarup Das, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Satya Swarup Das DIN 06831262 | Director | 15 Oct 2018 | 8 yrs | Absec Lab Private Limited |
| Soumyashree Samantaray DIN 08257000 | Director | 15 Oct 2018 | 8 yrs | Absec Lab Private Limited |
Financials of AbsecLab
Figures of Absec Lab Private Limited, the primary company behind AbsecLab, for FY 2024. Revenue was ₹67.5 Lakh (-15% year on year). Net profit was ₹22,359 (0% margin). EBITDA was ₹42,501 (1% margin). Revenue has grown at a compounded annual rate of +10% over three years.
- ₹67.5 LakhRevenue · FY 2024 · -15% YoY
- ₹22,359Net profit · 0% margin
- ₹42,501EBITDA · 1% margin
- ₹1 LakhPaid-up capital
- 3Employees (provident fund records)
- +10%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Absec Lab Private Limited are on its company page.
Detailed financial statements for AbsecLab
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
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Verified entity values are shown only after access is granted.
Similar companies to AbsecLab
AbsecLab has 9 listed similar companies in our database, 5 of them funded. They include UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ust.com.tw | 1998 | Taiwan | – | – | High-quality office furniture is provided by UST for various needs. | |
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| ionos.com | 1988 | Chesterbrook, United States | $19.5M | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | |
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. | |
| girnarsoft.com | 2007 | Jaipur, India | $570.12M | 6,709 | Provider of website, web & mobile application development, BI, and digital marketing services | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| endava.com | 2000 | London, United Kingdom | – | 12,063 | Endava is engaged in digital transformation and AI-driven solutions. |
Detailed similar companies of AbsecLab
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as AbsecLab (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.06 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about AbsecLab
AbsecLab was founded in 2018.
AbsecLab is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.
The primary company behind AbsecLab, Absec Lab Private Limited, reported revenue of ₹67.5 Lakh for FY 2024, down 15% year on year.
Absec Lab specializes in cashless payment systems and resource management solutions, facilitating purchases at vending machines and points-of-sale. They provide applications for smart cards, magnetic stripes, and account-based systems to help organizations control costs and track resources. Based in Bhubaneswar, India, they offer web portals, access control, and security services, serving businesses in competitive environments to enhance profitability and efficiency.
AbsecLab's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
AbsecLab offers Cashless Payment System, Resource Management, Access Control, and Web Portals.
AbsecLab operates through Absec Lab Private Limited.
The legal entities of AbsecLab currently have 2 directors, including Satya Swarup Das, Soumyashree Samantaray.