About Allygrow
Allygrow is a Business Services company based in Pune (India) founded in 2015 by Vrishali Kamat, and was acquired by Ceinsys in December 2021. Provider of product design and industrial automation solutions. It operates in the Business Services and Transportation, Automotive & Logistics sectors. Allygrow has raised $35.14 million across 5 funding rounds from investors including Avendus, Ceinsys and Zodius. The company has 131 employees. Allygrow has completed 1 acquisition, including A El. Allygrow was last valued at $22.61 million in January 2019. Its Indian entity Allygrow Technologies Private Limited reported revenue of ₹41.32 Cr. Allygrow offers products and services including Virtual Validation, Embedded Systems, Electrification, and Plant Automation. Its focus areas include Auto, Auto Components, Multi Category and BPO Services.
Company details
Allygrow was founded in 2015 and is based in Pune, India. Solutions in product design and industrial automation are offered to support development in automotive sectors, including passenger cars, commercial vehicles, off-highway vehicles, and twothree wheelers. Services include product engineering, styling concepts, feasibility design, validation, CAD and ECM, manufacturing engineering, pre-series development, and plant engineering. Additional areas covered are virtual validation, embedded systems, electrification, and plant automation with IIoT integration.
- Headquarters Pune, India
- Employees 131
- Founders Vrishali Kamat
- Stage Acquired
- SectorsBusiness ServicesTransportation, Automotive & Logistics
- Website allygrow.com
- Social LinkedIn
- Acquired by Ceinsys (Dec 2021)
- Legal Name Allygrow Technologies Private Limited
- Date of Incorporation 06 Jul, 2015
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹41.32 Cr
FY 2024 · +76% YoY
- Net Profit₹11.40 Cr
FY 2024 · 28% margin
- EBITDA₹16.59 Cr
FY 2024 · 40% margin
- Total Equity Funding$35.14M (USD)
in 5 rounds
- Latest Funding Round$924.13K (USD), Series B
Jan 2019
- InvestorsAvendus
& 9 more
- Employee Count131
- Investments & Acquisitions
- Acquired by
Associated legal entities of Allygrow
Allygrow is associated with 2 registered companies on The Company Check; the primary company is Allygrow Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Allygrow Technologies Private Limited CIN U74900PN2015PTC155682 | Amalgamated | 06 Jul 2015 | Pune, Maharashtra | ₹41.3 Cr | 131 | 6 | View details |
| Allygrow Engineering Services Private Limited CIN U72200PN2015FTC167067 | Amalgamated | 18 Nov 2015 | Pune, Maharashtra | ₹0.0 Cr | 70 | 3 | View details |
Products & Services of Allygrow
Allygrow offers a comprehensive portfolio of products and services, including Virtual Validation, Embedded Systems, Electrification, and Plant Automation.
Provides virtual testing for product development in mobility sectors.
Offers design and integration for embedded systems in vehicles.
Delivers solutions for electric vehicle components and systems.
Implements automation for manufacturing processes and IoT integration.
Funding Insights of Allygrow
Allygrow has successfully raised a total of $35.14M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $924.13 thousand completed in January 2019. 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 $35.14M
- Total Rounds 5
- Last Round Series B — $924,125
- First Round $20.05M
(Aug 2015)
- Investors Count 8
All 5 funding rounds of Allygrow with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Jan 2019 | $22.61M | •••••••• |
| Oct 2017 | $23.7M | •••••••• |
| Jul 2016 | $••••• | •••••••• |
| Feb 2016 | $••••• | •••••••• |
| Aug 2015 | $••••• | •••••••• |
Full valuation and stage history of Allygrow
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $22.61M (Jan 2019). 10 investors in total: 8 institutional and 2 angel.
Investors in Allygrow
Allygrow has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Avendus, Ceinsys and Zodius.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing in India | 2011 | zodius.com | Mumbai, India | |
Venture capital fund investing in consumer tech startups | 2014 | techproventures.com | Mumbai, India | |
Provides comprehensive ETF strategy services to clients. | 2015 | wstcm.com | Norfolk, United States | |
Investments are directed toward insurance tech startups by Techpro Ventures. | Mumbai, India | |||
M&A advisory services are specialized in technology sectors by Avendus. | avendus.us | New York, United States | ||
Corporate advisory and investment services are provided to clients. | 1999 | avendus.com | Mumbai, India | |
PK Prashant Kamat | Angel investor and tech entrepreneur, focused on early-stage Indian startups. | unknown_1c26b22faaaf4f93a | ||
VK Vrishali Kamat | unknown_4c2d3bf997274f93a | |||
Provider of custom software development, database design, administration, and network engineering services | 1997 | tekassoc.com | Sterling, United States | |
Provider of smart technology, consultancy, and analytics solutions in the geospatial and engineering domains | 1998 | ceinsys.com | Nagpur, India |
Investor details for Allygrow
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Verified entity values are shown only after access is granted.
Board of directors of Allygrow Technologies Private Limited (Allygrow)
Allygrow Technologies Private Limited is the primary company behind Allygrow. The boards of the 2 registered companies of Allygrow currently have 6 directors; the longest-serving is Vishal Babasaheb Pawar, appointed in 2016. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vishal Babasaheb Pawar DIN 07440832 | Director | 22 Feb 2016 | 10 yrs 8 mo | Allygrow Engineering Services Private Limited, Allygrow Technologies Private Limited |
| Amit Vishwanath Joshi DIN 08050084 | Director | 24 May 2018 | 8 yrs 5 mo | Allygrow Engineering Services Private Limited |
| Satish Ramchandra Wate DIN 07792398 | Director | 07 Feb 2022 | 4 yrs 9 mo | Allygrow Technologies Private Limited |
| Abhay Surendra Kimmatkar DIN 01984134 | Director | 07 Feb 2022 | 4 yrs 9 mo | Allygrow Technologies Private Limited |
| Prashant Prabhakar Kamat DIN 07212749 | Director | 07 Feb 2022 | 4 yrs 9 mo | Allygrow Technologies Private Limited |
| Rahul Sudhakar Joharapurkar DIN 08768899 | Director | 13 Aug 2022 | 4 yrs 3 mo | Allygrow Engineering Services Private Limited, Allygrow Technologies Private Limited |
People of Allygrow
13 people are tracked at Allygrow (8 in leadership, 2 in board & advisors, 3 in team); the tracked headcount is 131.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Chief Executive Officer | Leadership | |
R. Krishnan | Chief Financial Officer | Leadership |
Mangesh Sawant | Global Head, IT & IS | Leadership |
| Global Head, Operations | Leadership | |
Vishwanath Pujari | Deputy General Manager - Finance | Leadership |
Rama Raju Kalidindi | Head Of Human Capital | Leadership |
Jim Smith | VP, Manufacturing Engineering, USA | Leadership |
Neeraj Bhargava | Chairman | Board & advisors |
Atul Nishar | Director | Board & advisors |
Amar . | Leader - Talent Acquisition | Team |
Linda Roussin | Technical Recruiter | Team |
John White | Project Manager | Team |
Complete people profiles for Allygrow
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Verified entity values are shown only after access is granted.
Financials of Allygrow
Figures of Allygrow Technologies Private Limited, the primary company behind Allygrow, for FY 2024. Revenue was ₹41.32 Cr (+76% year on year). Net profit was ₹11.40 Cr (28% margin). EBITDA was ₹16.59 Cr (40% margin). Revenue has grown at a compounded annual rate of +12% over three years and -7% over five years.
- ₹41.32 CrRevenue · FY 2024 · +76% YoY
- ₹11.40 CrNet profit · 28% margin
- ₹16.59 CrEBITDA · 40% margin
- ₹25.3 LakhPaid-up capital
- 131Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- -7%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Allygrow Technologies Private Limited are on its company page.
Detailed financial statements for Allygrow
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Allygrow
Allygrow has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include A El.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
The company A El is headquartered in Munich, Germany. | a-el.com | Munich, Germany | 0 | Feb 2016 | •••• |
Complete acquisition details for Allygrow
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Allygrow
7 dated milestones of Allygrow across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Allygrow is founded.
- Funding First funding round of $20.1M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Technology Associates.
- Acquisition Acquires A El.
- Funding Latest funding round, Series B, of $924K.
- Exit Acquired by Ceinsys.
Web traffic of Allygrow
The website of Allygrow (allygrow.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 25.8% vs previous month
Top companies in Business Process Outsourcing (BPO)
3 companies that operate in the same segment as Allygrow (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 | 299 | ||
Cloud-based text analytics and cognitive automation services are provided. | 1975 | Mumbai, Maharashtra, India | USD 3 M | USD 217.77 M | 5,560 | |
Electricity generation and distribution are provided in eastern India. | 1879 | Kolkata, West Bengal, India | USD 2.03 B | 5,688 |
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Related news about Allygrow
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Frequently Asked Questions about Allygrow
Allygrow was founded in 2015.
Allygrow is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Allygrow is a funded company, having raised a total of $35.14M across 5 funding rounds to date. The company's 1st funding round was a Series A of $20.05M, raised on Aug 2015.
Allygrow has 131 employees.
The primary company behind Allygrow, Allygrow Technologies Private Limited, reported revenue of ₹41.32 Cr for FY 2024, up 76% year on year.
Allygrow was founded in 2015 and is based in Pune, India. Solutions in product design and industrial automation are offered to support development in automotive sectors, including passenger cars, commercial vehicles, off-highway vehicles, and twothree wheelers. Services include product engineering, styling concepts, feasibility design, validation, CAD and ECM, manufacturing engineering, pre-series development, and plant engineering. Additional areas covered are virtual validation, embedded systems, electrification, and plant automation with IIoT integration.
Allygrow offers Virtual Validation, Embedded Systems, Electrification, and Plant Automation.
Allygrow has made 1 acquisition, including A El.
Allygrow has 10 investors. Key investors include Avendus, Ceinsys, Zodius, TechPro Ventures, and Tek Associates.
The valuation of Allygrow is $22.61M as of Jan 2019.
Allygrow is associated with 2 legal entities: Allygrow Technologies Private Limited, Allygrow Engineering Services Private Limited.
Yes. Allygrow was acquired by Ceinsys in December 2021.