About Aftek
Aftek is a Technology company based in Mumbai (India) founded in 1986, and was acquired by Vulcan Industries in November 2021. IT and embedded systems development and testing services are provided. Aftek has completed 1 acquisition, including V-Soft. Its Indian entity Aftek Limited reported revenue of ₹11.84 Cr. Its focus areas include Business Services, IT Services and Suite. Its competitors include Happiest Minds, GirnarSOFT and Datamatics; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 1986 and headquartered in Mumbai, India, Aftek operates in the IT and embedded systems sector. Services encompass application development, system migration, UI development, and managed IT support. Embedded offerings include BSP development, smart card systems, security systems, wireless systems, control systems, and power line communication. Additional areas cover analytics, hardware engineering, and testing for applications, embedded devices, and mobile platforms.
- Headquarters Mumbai, India
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website aftek.com
- Social LinkedIn
- Acquired by Vulcan Industries (Nov 2021)
- Legal Name Aftek Limited
- Date of Incorporation 25 Mar, 1986
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹11.84 Cr
FY 2017 · -70% YoY
- Net Loss-₹40.79 Cr
FY 2017 · -345% margin
- EBITDA-₹66 Lakh
FY 2017 · -6% margin
- Investors
- Investments & Acquisitions
- Acquired byVulcan Industries
(Nov 2021)
Associated legal entities of Aftek
Aftek operates through Aftek Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aftek Limited Listed CIN L57220MH1986PLC039342 | Active | 25 Mar 1986 | Mumbai, Maharashtra | ₹11.8 Cr | 12 | 3 | View details |
Investors in Aftek
Aftek has secured backing from 1 investor. Prominent investors backing the company include Vulcan Industries.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| vulcanplc.com |
Investor details for Aftek
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- Complete investor list
- Round participation
- Investor portfolios
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Board of directors of Aftek Limited (Aftek)
Aftek Limited is the primary company behind Aftek. The board of Aftek Limited currently have 3 directors; the longest-serving is Ranjit Mohan Dhuru, appointed in 1986. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ranjit Mohan Dhuru DIN 00044279 | Managing Director | 25 Mar 1986 | 40 yrs 7 mo | Aftek Limited |
| Suhas Ramchandra Bapat DIN 06441152 | Additional Director | 25 Apr 2025 | 1 yr 6 mo | Aftek Limited |
| Nagesh Keshav Bandivdekar DIN 11115262 | Additional Director | 25 Apr 2025 | 1 yr 6 mo | Aftek Limited |
People of Aftek
3 people are tracked at Aftek (3 in leadership).
| Name | Role | Group |
|---|---|---|
Sanjay Choudhary | Chief Operating Officer | Leadership |
Mukul Dalal | Director, Institutional Sales And Marketing | Leadership |
| Chief Executive Officer | Leadership |
Complete people profiles for Aftek
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Financials of Aftek
Figures of Aftek Limited, the primary company behind Aftek, for FY 2017. Revenue was ₹11.84 Cr (-70% year on year). Net loss was -₹40.79 Cr (-345% margin). EBITDA was -₹66 Lakh (-6% margin). Revenue has grown at a compounded annual rate of -49% over three years.
- ₹11.84 CrRevenue · FY 2017 · -70% YoY
- -₹40.79 CrNet loss · -345% margin
- -₹66 LakhEBITDA · -6% margin
- ₹22.04 CrPaid-up capital
- 12Employees (provident fund records)
- -49%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Aftek Limited are on its company page.
Detailed financial statements for Aftek
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Investments & Acquisitions by Aftek
Aftek has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include V-Soft.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Mobile and enterprise applications are developed and ported by V-Soft. | v-softinc.com | San Jose, United States | 1995 | Aug 2005 | •••• |
Complete acquisition details for Aftek
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- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of Aftek
4 dated milestones of Aftek across 35 years, from founding to its latest funding, stage changes and deals.
- Founded Aftek is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires V-Soft.
- Exit Acquired by Vulcan Industries.
Competitors of Aftek
Aftek has 3 listed competitors in our database, 3 of them funded. They include Happiest Minds, GirnarSOFT 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. | |
| girnarsoft.com | 2007 | Jaipur, India | $736.02M | 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. |
Detailed competitors of Aftek
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Aftek
The website of Aftek (aftek.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▼ 83.2% vs previous month
Websites whose visitors overlap most with Aftek. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| walking-productions.com | 100% | View details | |||
| dreamsoftindia.com | 87% | View details | |||
| mastek.com | 87% | 33.9K | #861,618 | View details | |
triens.com | triens.com | 87% | – | ||
| planetindiaonline.com | 87% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for Aftek
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- 20 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Frequently Asked Questions about Aftek
Aftek was founded in 1986.
Aftek is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Aftek, Aftek Limited, reported revenue of ₹11.84 Cr for FY 2017, down 70% year on year.
Founded in 1986 and headquartered in Mumbai, India, Aftek operates in the IT and embedded systems sector. Services encompass application development, system migration, UI development, and managed IT support. Embedded offerings include BSP development, smart card systems, security systems, wireless systems, control systems, and power line communication. Additional areas cover analytics, hardware engineering, and testing for applications, embedded devices, and mobile platforms.
Aftek's top competitors include Happiest Minds, GirnarSOFT and Datamatics.
Aftek has made 1 acquisition, including V-Soft.
Aftek has 1 investor. Key investors include Vulcan Industries.
Aftek operates through Aftek Limited.
Yes. Aftek was acquired by Vulcan Industries in November 2021.
The legal entities of Aftek currently have 3 directors, including Ranjit Mohan Dhuru, Suhas Ramchandra Bapat, Nagesh Keshav Bandivdekar.