About Axel Technologies
Axel Technologies is a Technology company based in Kozhikode (India) founded in 2007 by Afsal Nishad. Custom software applications are designed and developed by Axel Technologies. It operates on a Professional Services and Managed Services model. Axel Technologies has raised $3.06 million across 3 funding rounds from investors including Nexit Ventures and Tesi. Its chief executive, as recorded, is Afsal Nishad. Its Indian entity Axel Technologies Private Limited reported revenue of ₹2.89 Cr. Axel Technologies offers products and services including Software Development, Mobile App Development, and Digital Marketing. Its focus areas include Software Development, Custom Software, Marketing and Digital Marketing.
Company details
Axel Technologies is involved in providing software development and digital marketing solutions. Services are offered across various sectors including custom software, mobile app development, and integrations. Based in India and UAE, the company is focused on delivering technology-driven solutions. Digital strategies are crafted to support business growth. Industry-specific and data-driven approaches are utilized to ensure scalability. Success-oriented solutions are developed to enhance productivity. Collaboration with clients is prioritized for tailored outcomes.
- Headquarters Kozhikode, India
- Founders Afsal Nishad
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website axeltechnologies.com
- Social LinkedIn X Facebook Instagram
- Legal Name Axel Technologies Private Limited
- Date of Incorporation 07 Jan, 2013
- Jurisdiction Kozhikode, Kerala, India
- Annual Revenue₹2.89 Cr
FY 2024 · -1% YoY
- Net Profit₹21,313
FY 2024 · 0% margin
- EBITDA₹10.1 Lakh
FY 2024 · 3% margin
- Total Equity Funding$3.06M (USD)
in 3 rounds
- InvestorsNexit Ventures
& 1 more
Associated legal entities of Axel Technologies
Axel Technologies operates through Axel Technologies 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 |
|---|---|---|---|---|---|---|---|
| Axel Technologies Private Limited CIN U72200KL2013PTC033079 | Active | 07 Jan 2013 | Kozhikode, Kerala | ₹2.9 Cr | 2 | View details |
Products & Services of Axel Technologies
Axel Technologies offers a comprehensive portfolio of products and services, including Software Development, Mobile App Development, and Digital Marketing.
Custom software solutions are developed for business needs.
Mobile applications are created for various business purposes.
Digital strategies are implemented to enhance online presence.
Funding Insights of Axel Technologies
Axel Technologies has successfully raised a total of $3.06M across 3 strategic funding rounds. 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 $3.06M
- Total Rounds 3
- Investors Count 2
All 3 funding rounds of Axel Technologies 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 2017 | Series A | – | – | ||
| Jan 2009 | $3.06M | Seed | – | – | |
| Feb 2008 | Seed | – | Nexit Ventures |
2 investors in total: 2 institutional.
Investors in Axel Technologies
Axel Technologies has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Nexit Ventures and Tesi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech and Offline focused Early stage VC Firm investing in parts of Europe and the US | nexitventures.com | Helsinki, Finland | ||
Private equity investment firm | tesi.fi | Helsinki, Finland |
Investor details for Axel Technologies
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 Axel Technologies Private Limited (Axel Technologies)
Axel Technologies Private Limited is the primary company behind Axel Technologies. The board of Axel Technologies Private Limited currently have 2 directors; the longest-serving is Jashna, appointed in 2013.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jashna DIN 06461243 | Director | 07 Jan 2013 | 13 yrs 9 mo | Axel Technologies Private Limited |
| Cherukad Nishad Afsal DIN 02012130 | Managing Director | 07 Jan 2013 | 13 yrs 9 mo | Axel Technologies Private Limited |
People of Axel Technologies
1 people are tracked at Axel Technologies (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Axel Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Axel Technologies
Figures of Axel Technologies Private Limited, the primary company behind Axel Technologies, for FY 2024. Revenue was ₹2.89 Cr (-1% year on year). Net profit was ₹21,313 (0% margin). EBITDA was ₹10.1 Lakh (3% margin). Revenue has grown at a compounded annual rate of +23% over three years and +17% over five years.
- ₹2.89 CrRevenue · FY 2024 · -1% YoY
- ₹21,313Net profit · 0% margin
- ₹10.1 LakhEBITDA · 3% margin
- ₹1 LakhPaid-up capital
- +23%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Axel Technologies Private Limited are on its company page.
Detailed financial statements for Axel Technologies
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 Axel Technologies
3 dated milestones of Axel Technologies across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Axel Technologies is founded.
- Funding First funding round.
- Funding Latest funding round, Series A,.
Web traffic of Axel Technologies
The website of Axel Technologies (axeltechnologies.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 57.6% vs previous month
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Frequently Asked Questions about Axel Technologies
Axel Technologies was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Axel Technologies is headquartered in Kozhikode, India. It is registered at Kozhikode, Kerala, India.
Afsal Nishad is the CEO of Axel Technologies, as recorded in our data. They have also founded this company.
Axel Technologies is a funded company, having raised a total of $3.06M across 3 funding rounds to date.
The primary company behind Axel Technologies, Axel Technologies Private Limited, reported revenue of ₹2.89 Cr for FY 2024, down 1% year on year.
Axel Technologies is involved in providing software development and digital marketing solutions. Services are offered across various sectors including custom software, mobile app development, and integrations. Based in India and UAE, the company is focused on delivering technology-driven solutions. Digital strategies are crafted to support business growth. Industry-specific and data-driven approaches are utilized to ensure scalability. Success-oriented solutions are developed to enhance productivity. Collaboration with clients is prioritized for tailored outcomes.
Axel Technologies offers Software Development, Mobile App Development, and Digital Marketing.
Axel Technologies has 2 investors. Key investors include Nexit Ventures, and Tesi.
Axel Technologies operates through Axel Technologies Private Limited.
The legal entities of Axel Technologies currently have 2 directors, including Jashna, Cherukad Nishad Afsal.