About Aiot Foundry
Aiot Foundry is a company based in Bengaluru (India) founded in 2019. It operates as a B2B and Venture Studio. The company has 10 employees. Aiot Foundry offers products and services including Karmalife, STEMpedia, and vEngage.ai. Aiot Foundry operates in a competitive market with competitors including EXL, Artefact, Quantiphi, Tech Mahindra and Orioninc, among others.
- Headquarter Bengaluru, India
- Employees 10
- SectorsBusiness ServicesTechnology
- Website aifoundry.ai
- Social LinkedIn X
- Legal Name Formulateip Technolegal Solutions Private Limited.
- Date of Incorporation 21 May, 2008
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹4.07 Cr
FY 2024 · -7% YoY
- Net Loss-₹28 Lakh
FY 2024 · -7% margin
- EBITDA-₹27.4 Lakh
FY 2024 · -7% margin
- Employee Count10
Associated legal entities of Aiot Foundry
Aiot Foundry operates through Formulateip Technolegal Solutions 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 |
|---|---|---|---|---|---|---|---|
| Formulateip Technolegal Solutions Private Limited. CIN U72200KA2008PTC046493 | Active | 21 May 2008 | Bangalore, Karnataka | ₹4.1 Cr | 10 | 4 | View details |
Products & Services of Aiot Foundry
Aiot Foundry offers a comprehensive portfolio of products and services, including Karmalife, STEMpedia, and vEngage.ai.
AI-driven platform for gig workers' financial needs and services.
K-12 learning tool for AI-age self-learning and peer collaboration.
System for patient engagement and monitoring in healthcare settings.
Board of directors of Formulateip Technolegal Solutions Private Limited. (Aiot Foundry)
Formulateip Technolegal Solutions Private Limited. is the primary company behind Aiot Foundry. The board of Formulateip Technolegal Solutions Private Limited. currently have 4 directors; the longest-serving is Neeraj Gupta, appointed in 2008. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Neeraj Gupta DIN 01865996 | Director | 21 May 2008 | 18 yrs 4 mo | Formulateip Technolegal Solutions Private Limited. |
| Lokesh Prem Harjani DIN 01496181 | Director | 15 Nov 2011 | 14 yrs 10 mo | Formulateip Technolegal Solutions Private Limited. |
| Uthappa Patrangada Bosu DIN 09377518 | Director | 01 Jul 2023 | 3 yrs 3 mo | Formulateip Technolegal Solutions Private Limited. |
| Anuvind Nagaraje Urs DIN 10692680 | Director | 03 Jul 2024 | 2 yrs 3 mo | Formulateip Technolegal Solutions Private Limited. |
Financials of Aiot Foundry
Figures of Formulateip Technolegal Solutions Private Limited., the primary company behind Aiot Foundry, for FY 2024. Revenue was ₹4.07 Cr (-7% year on year). Net loss was -₹28 Lakh (-7% margin). EBITDA was -₹27.4 Lakh (-7% margin). Revenue has grown at a compounded annual rate of -5% over three years and +5% over five years.
- ₹4.07 CrRevenue · FY 2024 · -7% YoY
- -₹28 LakhNet loss · -7% margin
- -₹27.4 LakhEBITDA · -7% margin
- ₹1 LakhPaid-up capital
- 10Employees (provident fund records)
- -5%Revenue CAGR, 3 years
- +5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Formulateip Technolegal Solutions Private Limited. are on its company page.
Detailed financial statements for Aiot Foundry
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.
Competitors of Aiot Foundry
Aiot Foundry operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EXL, Artefact, Quantiphi, Tech Mahindra and Orioninc, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| exlservice.com | 1999 | New York, United States | $10M | 21,544 | Analytics and digital solutions for healthcare and banking are provided. | |
| artefact.com | 1998 | Paris, France | – | 1 | Digital marketing services provider | |
| quantiphi.com | 2013 | Marlborough, United States | $23.5M | 2,670 | Provider of AI and machine learning services | |
| techmahindra.com | 1986 | Pune, India | – | 110,240 | Provider of data analytics, cloud management, and business process outsourcing services | |
| orioninc.com | 1993 | Monmouth Junction, United States | – | 832 | Provider of AI, data analytics, application development and IT security services | |
| capgemini.com | 1967 | Paris, France | – | 18 | Cloud management, business consulting, and IT outsourcing services are provided. | |
| firstsource.com | 2001 | Mumbai, India | – | 27,940 | Firstsource is recognized as a global business process management partner. | |
| phdata.io | 2014 | Minneapolis, United States | $2.5M | 179 | Provider of end to end services for Data Engineering and Machine Learning | |
| exquanta.com | 2018 | New York, United States | $16.19M | – | AI development services are provided by Ex Quanta. | |
| mindee.com | 2017 | San Francisco, United States | $23.37M | – | Data extraction from documents is enabled via API platform. |
Detailed competitors of Aiot Foundry
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.
Web traffic of Aiot Foundry
The website of Aiot Foundry (aifoundry.ai) receives about 2K visits a month.
- Monthly visits2K
▲ 3.8% vs previous month
Similar companies to Aiot Foundry
10 companies that operate in the same segment as Aiot Foundry (Freelance & Gig Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A diversified conglomerate is operated by Jigen across multiple industries. | 2006 | Minato, Tokyo, Japan | – | USD 183.2 M | 964 | |
Operates an online job search engine. | 2004 | Noida, Uttar Pradesh, India | – | – | – | |
Operates an online job board to connect job seekers with employment opportunities. | 2017 | Delhi, Delhi, India | – | USD 16.61 M | 3,994 | |
An online job marketplace serving multiple industries. | 2019 | Bengaluru, Karnataka, India | USD 25 M | USD 25.85 | 13 | |
Runs an online job board for graduates. | 2018 | Vadodara, Gujarat, India | – | USD 951.54 M | 244,893 | |
Platform for finding, hiring, and verifying local workers efficiently and affordably. | 2016 | Delhi, Delhi, India | – | USD 20.77 K | – | |
Operates an online job board for recent graduates seeking employment. | 2016 | Pune, Maharashtra, India | – | USD 102.15 M | 2,680 | |
Provides online job listings, direct HR calls, and searches in various sectors across India. | 2019 | Noida, Uttar Pradesh, India | – | USD 344.63 M | 5,922 | |
Connects job seekers with employers through an intuitive online platform. | 2019 | Mumbai, Maharashtra, India | – | USD 606.53 K | 1 | |
Online portal connecting blue, grey, and pink collar job seekers. | 2015 | Bengaluru, Karnataka, India | USD 100 K | – | – |
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Frequently Asked Questions about Aiot Foundry
Aiot Foundry was founded in 2019.
Aiot Foundry is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Aiot Foundry has 10 employees.
The primary company behind Aiot Foundry, Formulateip Technolegal Solutions Private Limited., reported revenue of ₹4.07 Cr for FY 2024, down 7% year on year.
AI Foundry operates as a venture studio that partners with entrepreneurs and AI experts to develop innovative AI companies globally. It provides resources like data, research, prototyping, and funding from idea to scale. Based in Bengaluru, India, it focuses on sectors such as finance and education, supporting ventures like Karmalife for gig workers and STEMpedia for AI-age learning. It collaborates with institutions like Indian Institute of Science to foster ethical AI ecosystems.
Aiot Foundry's top competitors include EXL, Tech Mahindra and Quantiphi.
Aiot Foundry offers Karmalife, STEMpedia, and vEngage.ai.
Aiot Foundry operates through Formulateip Technolegal Solutions Private Limited..
The legal entities of Aiot Foundry currently have 4 directors, including Neeraj Gupta, Uthappa Patrangada Bosu, Lokesh Prem Harjani and others.