About AssureEdge
AssureEdge is a Business Services company based in Mumbai (India) founded in 1989 by Bhupesh Tambe, and was acquired by EbixCash in November 2020. BPO services are provided by AssureEdge in global operations. The company has 961 employees. AssureEdge was last valued at $3.04 million in May 2009. Its Indian entity Connectra Services Private Limited reported revenue of ₹77.90 Cr. Its focus areas include BPO Services and Horizontal. Its competitors include Datamatics, Quess and CESC; 1 of its 3 listed competitors has raised funding.
Company details
AssureEdge was founded in 1989 by Bhupesh Tambe and is headquartered in Mumbai, India. Business process outsourcing services are delivered by the company, focusing on operational support across various sectors. Activities include process management and client-specific solutions, with operations centered in the Indian market but extending to international clients. The firm maintains a structure led by its founder as managing director.
- Headquarters Mumbai, India
- Employees 961
- Founders Bhupesh Tambe
- Stage Acquired
- SectorsBusiness Services
- Website assureedgeglobal.com
- Social LinkedIn X Facebook
- Acquired by EbixCash (Nov 2020)
- Legal Name Ebixcash Global Services Private Limited
- Date of Incorporation 08 Feb, 1989
- Jurisdiction Noida, Uttar Pradesh, India
Associated legal entities of AssureEdge
AssureEdge operates through Connectra 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 |
|---|---|---|---|---|---|---|---|
| Connectra Services Private Limited CIN U72400UP1989PTC194222 | Active | 08 Feb 1989 | Noida, Uttar Pradesh | ₹77.9 Cr | 961 | 5 | View details |
Funding Insights of AssureEdge
- Total Rounds 3
- Last Round Unspecified — $203,300
- First Round $231,500
(Oct 2006)
- Investors Count 3
All 3 funding rounds of AssureEdge 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 |
|---|---|---|---|---|---|
| May 2009 | $203,300 | Unspecified | $3.04M | – | |
| Oct 2007 | $938,700 | Unspecified | $6.44M | – | |
| Oct 2006 | $231,500 | Unspecified | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2009 | $3.04M | •••••••• |
| Oct 2007 | $6.44M | •••••••• |
| Oct 2006 | $••••• | •••••••• |
Full valuation and stage history of AssureEdge
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $3.04M (May 2009). 4 investors in total: 3 institutional and 1 angel.
Investors in AssureEdge
AssureEdge has secured backing from 4 investors, including institutional and angel investors. Prominent investors backing the company include EbixCash, Synthesis Equity Research Foundation and M A Murugappan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| synthesisequityresearchfoundation.tcc.mode | ||||
| mamurugappan.tcc.mode | ||||
SS Shyam Sunder | Co-founder of Peak XV Partners, prominent Indian angel investor | unknown_f3f16f2bb4bf462e9 | ||
App-based money transfer and bill payment platform for individuals and businesses | 1989 | ebixcash.com | Noida, India |
Investor details for AssureEdge
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Board of directors of Connectra Services Private Limited (AssureEdge)
Connectra Services Private Limited is the primary company behind AssureEdge. The board of Connectra Services Private Limited currently have 5 directors; the longest-serving is Bhupesh Ajeet Tambe, appointed in 2020. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhupesh Ajeet Tambe DIN 02975626 | Director | 15 Jan 2020 | 6 yrs 9 mo | Connectra Services Private Limited |
| Yash Bhupesh Tambe DIN 09693847 | Director | 05 Aug 2022 | 4 yrs 2 mo | Connectra Services Private Limited |
| Arun Batra DIN 06500891 | Director | 01 Jan 2025 | 1 yr 9 mo | Connectra Services Private Limited |
| Swati Gupta DIN 09652245 | Director | 07 Jan 2025 | 1 yr 9 mo | Connectra Services Private Limited |
| Sony Kumari DIN 09270483 | Director | 24 Jan 2025 | 1 yr 9 mo | Connectra Services Private Limited |
People of AssureEdge
1 people are tracked at AssureEdge (1 in leadership); the tracked headcount is 961.
| Name | Role | Group |
|---|---|---|
| Founder & MD | Leadership |
Complete people profiles for AssureEdge
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Verified entity values are shown only after access is granted.
Financials of AssureEdge
Figures of Connectra Services Private Limited, the primary company behind AssureEdge, for FY 2025. Revenue was ₹77.90 Cr (+13% year on year). Net loss was -₹123 Cr (-158% margin). EBITDA was -₹51.22 Cr (-66% margin). Revenue has grown at a compounded annual rate of 0% over three years and +5% over five years.
- ₹77.90 CrRevenue · FY 2025 · +13% YoY
- -₹123 CrNet loss · -158% margin
- -₹51.22 CrEBITDA · -66% margin
- ₹1.51 CrPaid-up capital
- 961Employees (provident fund records)
- 0%Revenue CAGR, 3 years
- +5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Connectra Services Private Limited are on its company page.
Detailed financial statements for AssureEdge
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Timeline of AssureEdge
5 dated milestones of AssureEdge across 31 years, from founding to its latest funding, stage changes and deals.
- Founded AssureEdge is founded.
- Funding First funding round of $232K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Unspecified, of $203K.
- Exit Acquired by EbixCash.
Competitors of AssureEdge
AssureEdge has 3 listed competitors in our database, 1 of them funded. They include Datamatics, Quess and CESC.
| 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 | ||
| cesc.co.in | 1879 | Kolkata, India | 6,320 | Electricity generation and distribution are provided in eastern India. |
Detailed competitors of AssureEdge
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Top companies in Business Process Outsourcing (BPO)
3 companies that operate in the same segment as AssureEdge (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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Related news about Assureedge
Complete news archive for AssureEdge
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Frequently Asked Questions about AssureEdge
AssureEdge was founded in 1989 and raised its 1st funding round 17 years after it was founded.
AssureEdge is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
AssureEdge has 961 employees.
The primary company behind AssureEdge, Connectra Services Private Limited, reported revenue of ₹77.90 Cr for FY 2025, up 13% year on year.
AssureEdge was founded in 1989 by Bhupesh Tambe and is headquartered in Mumbai, India. Business process outsourcing services are delivered by the company, focusing on operational support across various sectors. Activities include process management and client-specific solutions, with operations centered in the Indian market but extending to international clients. The firm maintains a structure led by its founder as managing director.
AssureEdge's top competitors include Quess, Datamatics and CESC.
AssureEdge has 4 investors. Key investors include EbixCash, Synthesis Equity Research Foundation, M A Murugappan, and Shyam Sunder.
The valuation of AssureEdge is $3.04M as of May 2009.
AssureEdge operates through Connectra Services Private Limited.
Yes. AssureEdge was acquired by EbixCash in November 2020.
The legal entities of AssureEdge currently have 5 directors, including Bhupesh Ajeet Tambe, Yash Bhupesh Tambe, Swati Gupta and others.