About Accounting24
Accounting24 is a Technology company based in Ahmedabad (India) founded in 2017. It offers accounting software for efficient business management. It operates on a B2B model. Its Indian entity Technoinnate It Solutions Private Limited reported revenue of ₹5.9 Lakh. Its focus areas include Software, Accounting Software and Business Solutions. Similar companies include Intuit, Visma, Clear, Wave and Xero and 4 more; 8 of its 9 listed similar companies have raised funding.
Company details
Accounting24 offers accounting software for efficient business management, focusing on leveraging cutting-edge technology, software, developing accounting software, and business solutions. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Ahmedabad, India
- SectorsTechnology
- Website accountbook24.com
- Legal Name Technoinnate It Solutions Private Limited
- Date of Incorporation 29 Jun, 2018
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹5.9 Lakh
FY 2025 · +8% YoY
- Net Loss-₹7.9 Lakh
FY 2025 · -135% margin
- EBITDA-₹7.8 Lakh
FY 2025 · -133% margin
Associated legal entities of Accounting24
Accounting24 operates through Technoinnate It Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Technoinnate It Solutions Private Limited CIN U72900GJ2018PTC103067 | Active | 29 Jun 2018 | Ahmedabad, Gujarat | ₹0.1 Cr | – | 2 | View details |
Apps and channels of Accounting24
Accounting24 publishes 1 mobile app with over 500 downloads.
Board of directors of Technoinnate It Solutions Private Limited (Accounting24)
Technoinnate It Solutions Private Limited is the primary company behind Accounting24. The board of Technoinnate It Solutions Private Limited currently have 2 directors; the longest-serving is Mayur Nalinkant Shah, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mayur Nalinkant Shah DIN 03581318 | Director | 29 Jun 2018 | 8 yrs 3 mo | Technoinnate It Solutions Private Limited |
| Hetal Nishit Gorasia DIN 08441587 | Director | 02 Apr 2019 | 7 yrs 6 mo | Technoinnate It Solutions Private Limited |
Financials of Accounting24
Figures of Technoinnate It Solutions Private Limited, the primary company behind Accounting24, for FY 2025. Revenue was ₹5.9 Lakh (+8% year on year). Net loss was -₹7.9 Lakh (-135% margin). EBITDA was -₹7.8 Lakh (-133% margin). Revenue has grown at a compounded annual rate of +54% over three years and -15% over five years.
- ₹5.9 LakhRevenue · FY 2025 · +8% YoY
- -₹7.9 LakhNet loss · -135% margin
- -₹7.8 LakhEBITDA · -133% margin
- ₹1 LakhPaid-up capital
- +54%Revenue CAGR, 3 years
- -15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Technoinnate It Solutions Private Limited are on its company page.
Detailed financial statements for Accounting24
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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Verified entity values are shown only after access is granted.
Similar companies to Accounting24
Accounting24 has 9 listed similar companies in our database, 8 of them funded. They include Intuit, Visma, Clear, Wave and Xero, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| intuit.com | 1983 | Mountain View, United States | $49.62M | 18,800 | Financial and accounting software is developed for businesses and individuals. | |
| visma.com | 1996 | Oslo, Norway | $198.09M | – | Cloud-based ERP software is provided for business management across segments. | |
| clear.in | 2011 | Bengaluru, India | $140.42M | – | Technology-enabled accounting and finance solutions are offered for SMBs. | |
| waveapps.com | 2010 | Toronto, Canada | $82.4M | – | Web-based accounting software is offered for business use. | |
| xero.com | 2006 | Wellington, New Zealand | – | 347 | Cloud-based accounting and payment management is offered for small businesses. | |
| freshbooks.com | 2003 | Toronto, Canada | $153.75M | 613 | Cloud-based invoicing and accounting software is offered for businesses. | |
| freeagent.com | 2007 | Edinburgh, United Kingdom | $21.89M | 264 | Cloud-based accounting software is provided for small businesses and freelancers. | |
| found.com | 2019 | San Francisco, United States | $118.75M | 35 | Accounting and bookkeeping solutions are provided for small businesses. | |
| pennylane.com | 2020 | Paris, France | $442.41M | – | Cloud-based accounting and financial management solutions are provided for businesses. |
Detailed similar companies of Accounting24
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- 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 Accounting24 (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 | 3,108 | |
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 5.07 B | – | 6,209 | |
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 1.2 B | – | 5,356 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, Ile de France, France | USD 717.15 M | USD 171.7 M | 2,457 | |
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 | – | 8,159 |
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Frequently Asked Questions about Accounting24
Accounting24 was founded in 2017.
Accounting24 is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
The primary company behind Accounting24, Technoinnate It Solutions Private Limited, reported revenue of ₹5.9 Lakh for FY 2025, up 8% year on year.
Accounting24 offers accounting software for efficient business management, focusing on leveraging cutting-edge technology, software, developing accounting software, and business solutions. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Accounting24 operates through Technoinnate It Solutions Private Limited.
The legal entities of Accounting24 currently have 2 directors, including Hetal Nishit Gorasia, Mayur Nalinkant Shah.
Yes. Accounting24 publishes Real-Estate ERP/CRM Accounting, with over 500 downloads.