About Axar Digital
Axar Digital is a Technology company based in Pune (India) founded in 2006. Software is developed for governance and compliance in organizations. Axar Digital has raised $108.78 thousand across 1 funding round from investors including Srinivasan Subramanian, Padma Chandrasekaran and Rajan Swaroop. The company has 17 employees. Axar Digital was last valued at $457.52 thousand in May 2016. Its Indian entity Axar Digital Services Private Limited reported revenue of ₹2.65 Cr. Axar Digital offers products and services including InsiderLens IFCo, InsiderLens LCo, BoardEye, and BoardGauge. Its focus areas include Enterprise Applications, GRC Software, Governance and Corporate Governance.
Company details
Axar Digital offers software products that help governance and compliance in organisations. LegiLens is an office management tool for company secretaries. Can assign tasks and monitor them. Can be used for group of companies. Features include calculating the compliance dates, set up deadlines, send reminders, dashboard, automation of secretarial practices in different sections for important events, chapter-wise configuration of Companies Act 2013, graphical view on compliance data, maintenance of e-registers. BoardEye is a web-based product to assist directors in doing their duties. The product tracks board decisions and compliance activities, provides interaction within the Board and secretarial department, support meetings management information management. Board Information System (BiS) is a product that combines the above 2 modules.
- Headquarters Pune, India
- Employees 17
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website axardigital.com
- Social LinkedIn
- Legal Name Axar Digital Services Private Limited
- Date of Incorporation 18 Apr, 2006
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹2.65 Cr
FY 2025 · +19% YoY
- Net Profit₹36.6 Lakh
FY 2025 · 14% margin
- EBITDA₹99 Lakh
FY 2025 · 37% margin
- Total Equity Funding$108.78K (USD)
in 1 rounds
- Latest Funding Round$108.78K (USD), Angel Round
May 2016
- Employee Count17
Associated legal entities of Axar Digital
Axar Digital operates through Axar Digital 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 |
|---|---|---|---|---|---|---|---|
| Axar Digital Services Private Limited CIN U00892PN2006PTC022357 | Active | 18 Apr 2006 | Pune, Maharashtra | ₹2.6 Cr | 17 | 4 | View details |
Products & Services of Axar Digital
Axar Digital offers a comprehensive portfolio of products and services, including InsiderLens IFCo, InsiderLens LCo, BoardEye, and BoardGauge.
Tool for insider trading compliance in fiduciaries and intermediaries.
Solution for insider trading compliance in listed entities.
Software for paperless board meetings and governance tracking.
Platform for self and peer evaluation by boards.
Funding Insights of Axar Digital
Axar Digital has successfully raised a total of $108.78K through 1 strategic funding round. The most recent funding activity was a Angel Round of $108.78 thousand completed in May 2016. 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 $108,778
- Total Rounds 1
- Last Round Angel Round — $108,778
- First Round $108,778
(May 2016)
- Investors Count 5
All 1 funding rounds of Axar Digital 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 2016 | $108,778 | Angel Round | $457,518 | Srinivasan Subramanian |
Last known valuation $457,518 (May 2016). 5 investors in total: 0 institutional and 5 angel.
Investors in Axar Digital
Axar Digital has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Srinivasan Subramanian, Padma Chandrasekaran and Rajan Swaroop.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SS Srinivasan Subramanian | Angel investor, ex-entrepreneur, focused on tech startups in India. | unknown_56b5d0998d5d4d1eb | ||
PC Padma Chandrasekaran | Angel investor focusing on social impact, healthcare, and education startups in India. | unknown_2da77647a5b34b7f9 | ||
RS Rajan Swaroop | unknown_7124fa7bee8443e2b | |||
AR Ajit Ranade | Economist, angel investor, and advisor with focus on policy and startups | unknown_dab3dd149d944b7fb | ||
PC Padma Chandrasekaran | unknown_7126e1c386cd41659 |
Investor details for Axar Digital
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 Axar Digital Services Private Limited (Axar Digital)
Axar Digital Services Private Limited is the primary company behind Axar Digital. The board of Axar Digital Services Private Limited currently have 4 directors; the longest-serving is Devdutt Brihaspati Modak, appointed in 2006. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devdutt Brihaspati Modak DIN 00200359 | Director | 18 Apr 2006 | 20 yrs 6 mo | Axar Digital Services Private Limited |
| Savita Devdutt Modak DIN 01719582 | Director | 18 Apr 2006 | 20 yrs 6 mo | Axar Digital Services Private Limited |
| Nilesh Bansilal Mehta DIN 00199071 | Director | 09 May 2016 | 10 yrs 5 mo | Axar Digital Services Private Limited |
| Ajit Keshav Ranade DIN 00918651 | Director | 02 May 2018 | 8 yrs 5 mo | Axar Digital Services Private Limited |
Financials of Axar Digital
Figures of Axar Digital Services Private Limited, the primary company behind Axar Digital, for FY 2025. Revenue was ₹2.65 Cr (+19% year on year). Net profit was ₹36.6 Lakh (14% margin). EBITDA was ₹99 Lakh (37% margin). Revenue has grown at a compounded annual rate of +36% over three years and +19% over five years.
- ₹2.65 CrRevenue · FY 2025 · +19% YoY
- ₹36.6 LakhNet profit · 14% margin
- ₹99 LakhEBITDA · 37% margin
- ₹3.21 CrPaid-up capital
- 17Employees (provident fund records)
- +36%Revenue CAGR, 3 years
- +19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Axar Digital Services Private Limited are on its company page.
Detailed financial statements for Axar Digital
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 Axar Digital
2 dated milestones of Axar Digital across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Axar Digital is founded.
- Funding First funding round of $109K.
Web traffic of Axar Digital
The website of Axar Digital (axardigital.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 32.9% vs previous month
Websites whose visitors overlap most with Axar Digital. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sgrlimited.in | 100% | 9.1K | #1,636,708 | View details |
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Frequently Asked Questions about Axar Digital
Axar Digital was founded in 2006 and raised its 1st funding round 10 years after it was founded.
Axar Digital is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Axar Digital is a funded company, having raised a total of $108.78K across 1 funding round to date. The company's 1st funding round was a Angel Round of $108.78K, raised on May 2016.
Axar Digital has 17 employees.
The primary company behind Axar Digital, Axar Digital Services Private Limited, reported revenue of ₹2.65 Cr for FY 2025, up 19% year on year.
Axar Digital offers software products that help governance and compliance in organisations. LegiLens is an office management tool for company secretaries. Can assign tasks and monitor them. Can be used for group of companies. Features include calculating the compliance dates, set up deadlines, send reminders, dashboard, automation of secretarial practices in different sections for important events, chapter-wise configuration of Companies Act 2013, graphical view on compliance data, maintenance of e-registers. BoardEye is a web-based product to assist directors in doing their duties. The product tracks board decisions and compliance activities, provides interaction within the Board and secretarial department, support meetings management information management. Board Information System (BiS) is a product that combines the above 2 modules.
Axar Digital offers InsiderLens IFCo, InsiderLens LCo, BoardEye, and BoardGauge.
Axar Digital has 5 investors. Key investors include Srinivasan Subramanian, Padma Chandrasekaran, Rajan Swaroop, Ajit Ranade, and Padma Chandrasekaran.
The valuation of Axar Digital is $457.52K as of May 2016.
Axar Digital operates through Axar Digital Services Private Limited.
The legal entities of Axar Digital currently have 4 directors, including Ajit Keshav Ranade, Nilesh Bansilal Mehta, Devdutt Brihaspati Modak and others.