About Agate Services
Agate Services is a Business Services company based in Mumbai (India) founded in 2009 by Anuraag Srivastava. Provider of business process outsourcing services. Agate Services has raised $71.71 thousand across 2 funding rounds from investors including Arijit Sengupta, Neil Thakkar and Bharat Thakkar. The company has 189 employees. Agate Services was last valued at $691.67 thousand in October 2013. Its Indian entity Agate Business Services Private Limited reported revenue of ₹70.7 Lakh. Its focus areas include BPO Services and Horizontal. Its competitors include Datamatics, Quess and eClerx; 1 of its 3 listed competitors has raised funding.
Company details
Agate Services, founded in 2009 in Mumbai, India, focuses on providing business support, bpo services, and horizontal. Provider of business process outsourcing services. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Mumbai, India
- Employees 189
- Founders Anuraag Srivastava
- SectorsBusiness Services
- Email••••••••
- Website agate.co.in
- Social LinkedIn
- Legal Name Agate Business Services Private Limited
- Date of Incorporation 12 May, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹70.7 Lakh
FY 2025 · +36% YoY
- Net Profit₹20.2 Lakh
FY 2025 · 29% margin
- EBITDA₹21.1 Lakh
FY 2025 · 30% margin
- Total Equity Funding$71.71K (USD)
in 2 rounds
- Latest Funding Round$32.73K (USD), Angel Round
Oct 2013
- Employee Count189
Associated legal entities of Agate Services
Agate Services operates through Agate Business Services 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 |
|---|---|---|---|---|---|---|---|
| Agate Business Services Private Limited CIN U72900MH2010PTC203036 | Active | 12 May 2010 | Mumbai, Maharashtra | ₹0.7 Cr | 189 | 2 | View details |
Funding Insights of Agate Services
Agate Services has successfully raised a total of $71.71K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $32.73 thousand completed in October 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $71,714
- Total Rounds 2
- Last Round Angel Round — $32,729
- First Round $38,985
(Oct 2012)
- Investors Count 5
All 2 funding rounds of Agate Services with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2013 | $32,729 | Angel Round | $691,674 | Arijit Sengupta | – |
| Oct 2012 | $38,985 | Angel Round | $753,437 | Neil Thakkar, Bharat Thakkar |
Last known valuation $691,674 (Oct 2013). 5 investors in total: 0 institutional and 5 angel.
Investors in Agate Services
Agate Services has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Arijit Sengupta, Neil Thakkar and Bharat Thakkar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AS Arijit Sengupta | unknown_6100db57df7f4f6ab | |||
NT Neil Thakkar | unknown_57d0dc21917f4a5a8 | |||
BT Bharat Thakkar | unknown_515d014cb2d24b3f9 | |||
SM Shubhendu Mandal | unknown_267e2ace9f834ee79 | |||
AS Anuraag Srivastava | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_7f9672593a5041ef9 |
Investor details for Agate Services
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Agate Business Services Private Limited (Agate Services)
Agate Business Services Private Limited is the primary company behind Agate Services. The board of Agate Business Services Private Limited currently have 2 directors; the longest-serving is Anuraag Srivastava, appointed in 2010. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anuraag Srivastava DIN 02271617 | Director | 12 May 2010 | 16 yrs 5 mo | Agate Business Services Private Limited |
| Rima Anurag Srivastava DIN 02077617 | Director | 01 Jun 2019 | 7 yrs 4 mo | Agate Business Services Private Limited |
People of Agate Services
1 people are tracked at Agate Services (1 in leadership); the tracked headcount is 189.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Agate Services
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Agate Services
Figures of Agate Business Services Private Limited, the primary company behind Agate Services, for FY 2025. Revenue was ₹70.7 Lakh (+36% year on year). Net profit was ₹20.2 Lakh (29% margin). EBITDA was ₹21.1 Lakh (30% margin). Revenue has grown at a compounded annual rate of +11% over three years and -35% over five years.
- ₹70.7 LakhRevenue · FY 2025 · +36% YoY
- ₹20.2 LakhNet profit · 29% margin
- ₹21.1 LakhEBITDA · 30% margin
- ₹1.5 LakhPaid-up capital
- 189Employees (provident fund records)
- +11%Revenue CAGR, 3 years
- -35%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Agate Business Services Private Limited are on its company page.
Detailed financial statements for Agate Services
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
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Agate Services
3 dated milestones of Agate Services across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Agate Services is founded.
- Funding First funding round of $39K.
- Funding Latest funding round, Angel Round, of $33K.
Competitors of Agate Services
Agate Services has 3 listed competitors in our database, 1 of them funded. They include Datamatics, Quess and eClerx.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| quesscorp.com | 2007 | Bengaluru, India | 1,860 | Provider of outsourcing and business services | ||
| eclerx.com | 2000 | Mumbai, India | 5,931 | Provider of business processes, change management, analytics, and data-driven insights services |
Detailed competitors of Agate Services
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Business Process Outsourcing (BPO)
3 companies that operate in the same segment as Agate Services (Business Process Outsourcing (BPO)) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of outsourcing and business services | 2007 | Bengaluru, Karnataka, India | USD 1.63 B | 441,150 | ||
Cloud-based text analytics and cognitive automation services are provided. | 1975 | Mumbai, Maharashtra, India | USD 3 M | USD 211.78 M | 4,960 | |
Electricity generation and distribution are provided in eastern India. | 1879 | Kolkata, West Bengal, India | USD 1.98 B | 5,690 |
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Frequently Asked Questions about Agate Services
Agate Services was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Agate Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Agate Services is a funded company, having raised a total of $71.71K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $38.99K, raised on Oct 2012.
Agate Services has 189 employees.
The primary company behind Agate Services, Agate Business Services Private Limited, reported revenue of ₹70.7 Lakh for FY 2025, up 36% year on year.
Agate Services, founded in 2009 in Mumbai, India, focuses on providing business support, bpo services, and horizontal. Provider of business process outsourcing services. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Agate Services's top competitors include Quess, Datamatics and eClerx.
Agate Services has 5 investors. Key investors include Arijit Sengupta, Neil Thakkar, Bharat Thakkar, Shubhendu Mandal, and Anuraag Srivastava.
The valuation of Agate Services is $691.67K as of Oct 2013.
Agate Services operates through Agate Business Services Private Limited.
The legal entities of Agate Services currently have 2 directors, including Rima Anurag Srivastava, Anuraag Srivastava.