About Abyeti Technologies
Abyeti Technologies is a Technology company based in Bengaluru (India) founded in 2012, and was acquired by Accolite in December 2021. Provider of IT service suite solutions. The company has 30 employees. Its Indian entity Abyeti Technologies Private Limited reported revenue of ₹37.1 Lakh. Its focus areas include Business Services, IT Services and Suite. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
Abyeti Technologies, established in 2012 and currently in Acquired stage, focuses on providing business support, providing IT services, and suite. Provider of IT service suite solutions. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Employees 30
- Stage Acquired
- SectorsTechnology
- Website abyeti.com
- Acquired by Accolite (Dec 2021)
- Legal Name Abyeti Technologies Private Limited
- Date of Incorporation 11 Aug, 2012
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Abyeti Technologies
Abyeti Technologies operates through Abyeti Technologies Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Abyeti Technologies Private Limited CIN U72200KA2012PTC065295 | Amalgamated | 11 Aug 2012 | Bangalore, Karnataka | ₹0.4 Cr | 30 | 2 | View details |
Investors in Abyeti Technologies
Abyeti Technologies has secured backing from 1 investor. Prominent investors backing the company include Bounteous.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Software and data integration solutions are provided for healthcare providers. | 2007 | accolite.com | Frisco, United States |
Investor details for Abyeti Technologies
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Board of directors of Abyeti Technologies Private Limited (Abyeti Technologies)
Abyeti Technologies Private Limited is the primary company behind Abyeti Technologies. The board of Abyeti Technologies Private Limited currently have 2 directors; the longest-serving is Kumar Vikas, appointed in 2012. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kumar Vikas DIN 02562086 | Director | 11 Aug 2012 | 14 yrs 2 mo | Abyeti Technologies Private Limited |
| Venkata Narayana Leela Kumar Kaza DIN 05254036 | Director | 31 Jul 2021 | 5 yrs 3 mo | Abyeti Technologies Private Limited |
Financials of Abyeti Technologies
Figures of Abyeti Technologies Private Limited, the primary company behind Abyeti Technologies, for FY 2024. Revenue was ₹37.1 Lakh (-11% year on year). Net profit was ₹24.3 Lakh (66% margin). EBITDA was ₹33.1 Lakh (89% margin). Revenue has grown at a compounded annual rate of -69% over three years and -50% over five years.
- ₹37.1 LakhRevenue · FY 2024 · -11% YoY
- ₹24.3 LakhNet profit · 66% margin
- ₹33.1 LakhEBITDA · 89% margin
- ₹2 LakhPaid-up capital
- 30Employees (provident fund records)
- -69%Revenue CAGR, 3 years
- -50%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Abyeti Technologies Private Limited are on its company page.
Detailed financial statements for Abyeti Technologies
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Timeline of Abyeti Technologies
2 dated milestones of Abyeti Technologies across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Abyeti Technologies is founded.
- Exit Acquired by Accolite.
Competitors of Abyeti Technologies
Abyeti Technologies has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed competitors of Abyeti Technologies
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Web traffic of Abyeti Technologies
Websites that share an audience with Abyeti Technologies (abyeti.com).
Websites whose visitors overlap most with Abyeti Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
glassdoor.co.in | glassdoor.co.in | 100% | #5,294 | – |
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Related news about Abyeti Technologies
Complete news archive for Abyeti Technologies
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Frequently Asked Questions about Abyeti Technologies
Abyeti Technologies was founded in 2012.
Abyeti Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Abyeti Technologies has 30 employees.
The primary company behind Abyeti Technologies, Abyeti Technologies Private Limited, reported revenue of ₹37.1 Lakh for FY 2024, down 11% year on year.
Abyeti Technologies, established in 2012 and currently in Acquired stage, focuses on providing business support, providing IT services, and suite. Provider of IT service suite solutions. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
Abyeti Technologies's top competitors include Happiest Minds and Datamatics.
Abyeti Technologies has 1 investor. Key investors include Bounteous.
Abyeti Technologies operates through Abyeti Technologies Private Limited.
Yes. Abyeti Technologies was acquired by Accolite in December 2021.
The legal entities of Abyeti Technologies currently have 2 directors, including Venkata Narayana Leela Kumar Kaza, Kumar Vikas.