About AlgoBrains
AlgoBrains is a Technology company based in Chennai (India) founded in 2016. It provides SaaS platforms for automating business processes and reducing paperwork for small enterprises. It operates on a SaaS and B2B model. The company has 1 employees. AlgoBrains offers products and services including AlgoInvoice, Mobile App Development, and Cloud Services. Its focus areas include Software Services, SaaS, Business Automation and Application Development. Its legal entity in India is Algobrains Technologies Private Limited (U72500TN2016PTC110304). Similar companies include Intuit, Visma, Clear, Wave and Xero and 4 more; 8 of its 9 listed similar companies have raised funding.
Company details
Algobrains Technologies Private Limited is a SaaS company that develops business automation solutions to help freelancers and small to mid-sized businesses manage tasks, eliminate paperwork, and streamline payments. They focus on user-friendly products like invoicing software, emphasizing intuitive design and cloud-based accessibility. Based in Chennai, India, they serve various clients including tax professionals and enterprises through services such as mobile app development and cloud services, delivering projects on time with expertise in technology.
- Headquarters Chennai, India
- Employees 1
- SectorsTechnology
- Email••••••••
- Website algobrains.com
- Social X
- Legal Name Algobrains Technologies Private Limited
- Date of Incorporation 10 May, 2016
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹6,194
FY 2021 · -46% YoY
- Net Loss-₹8,981
FY 2021 · -145% margin
- EBITDA-₹8,981
FY 2021 · -145% margin
- Employee Count1
Associated legal entities of AlgoBrains
AlgoBrains operates through Algobrains Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Algobrains Technologies Private Limited CIN U72500TN2016PTC110304 | Active | 10 May 2016 | Chennai, Tamil Nadu | ₹0.0 Cr | 1 | 2 | View details |
Products & Services of AlgoBrains
AlgoBrains offers a comprehensive portfolio of products and services, including AlgoInvoice, Mobile App Development, and Cloud Services.
Automates invoicing and payment processes for businesses.
Creates mobile applications to enhance user productivity.
Provides cloud solutions for business transformation and efficiency.
Board of directors of Algobrains Technologies Private Limited (AlgoBrains)
Algobrains Technologies Private Limited is the primary company behind AlgoBrains. The board of Algobrains Technologies Private Limited currently have 2 directors; the longest-serving is Venkata Sai Avinash Gajavalli, appointed in 2022. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venkata Sai Avinash Gajavalli DIN 09473163 | Director | 28 Jan 2022 | 4 yrs 8 mo | Algobrains Technologies Private Limited |
| Golla Rupasree DIN 09803317 | Director | 16 Nov 2022 | 3 yrs 11 mo | Algobrains Technologies Private Limited |
Financials of AlgoBrains
Figures of Algobrains Technologies Private Limited, the primary company behind AlgoBrains, for FY 2021. Revenue was ₹6,194 (-46% year on year). Net loss was -₹8,981 (-145% margin). EBITDA was -₹8,981 (-145% margin). Revenue has grown at a compounded annual rate of -21% over three years.
- ₹6,194Revenue · FY 2021 · -46% YoY
- -₹8,981Net loss · -145% margin
- -₹8,981EBITDA · -145% margin
- ₹10 LakhPaid-up capital
- 1Employees (provident fund records)
- -21%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Algobrains Technologies Private Limited are on its company page.
Detailed financial statements for AlgoBrains
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 AlgoBrains
AlgoBrains 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 AlgoBrains
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Top companies in ERP & Enterprise Software Services
10 companies that operate in the same segment as AlgoBrains (ERP & Enterprise Software Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of essential services for merchants including business management, customer analysis, and payment services | 2016 | Seoul, Seoul, South Korea | USD 131.97 M | – | 172 | |
Cloud-based enterprise integration and digital transformation services are provided. | 1995 | Naperville, Illinois, United States | – | USD 15.22 M | 447 | |
Offers IT consulting, cloud technologies, data automation, AI, and engineering services worldwide. | 2004 | Hyderabad, Telangana, India | – | – | 895 | |
Offers SEO and digital marketing services for business growth online. | 2006 | Delhi, Delhi, India | – | USD 4.36 M | 144 | |
End-to-end solutions for software businesses are provided. | 1989 | Austin, Texas, United States | – | – | – | |
ERP services are provided by sa.global since 1990. | 1990 | Marietta, Georgia, United States | – | – | – | |
Cloud-based enterprise business management software provider | 2004 | Vaihingen An Der Enz, Baden-wurttemberg, Germany | – | USD 8.37 M | 77 | |
Governance and compliance services are provided to franchise operations. | 1997 | Virginia Beach, Virginia, United States | – | USD 4.4 B | 6,535 | |
Provider of ERP consulting services | 2009 | Plano, Texas, United States | – | – | 264 | |
SAP and managed services are provided by Lemongrass. | 2008 | Ewing Township, New Jersey, United States | – | USD 2.17 M | 172 |
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Frequently Asked Questions about AlgoBrains
AlgoBrains was founded in 2016.
AlgoBrains is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
AlgoBrains has 1 employees.
The primary company behind AlgoBrains, Algobrains Technologies Private Limited, reported revenue of ₹6,194 for FY 2021, down 46% year on year.
Algobrains Technologies Private Limited is a SaaS company that develops business automation solutions to help freelancers and small to mid-sized businesses manage tasks, eliminate paperwork, and streamline payments. They focus on user-friendly products like invoicing software, emphasizing intuitive design and cloud-based accessibility. Based in Chennai, India, they serve various clients including tax professionals and enterprises through services such as mobile app development and cloud services, delivering projects on time with expertise in technology.
AlgoBrains offers AlgoInvoice, Mobile App Development, and Cloud Services.
AlgoBrains operates through Algobrains Technologies Private Limited.
The legal entities of AlgoBrains currently have 2 directors, including Golla Rupasree, Venkata Sai Avinash Gajavalli.