About Axxonet
Axxonet is a company based in Bengaluru (India) founded in 2000 by Lokesh Narasimha. The company has 26 employees. Axxonet operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
- Headquarter Bengaluru, India
- Employees 26
- Founders Lokesh Narasimha
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website axxonet.com
- Social LinkedIn X Facebook
- Annual Revenue$261.61 K (USD)16as on Mar 31, 2020
- Net Profit$13.83 K (USD)-65as on Mar 31, 2020
- EBITDA$16.96 K (USD)-59as on Mar 31, 2020
- Employee Count26
Associated legal entities of Axxonet
Axxonet is associated with 2 registered companies on The Company Check. 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 |
|---|---|---|---|---|---|---|---|
| Axxonet System Technologies Private Limited CIN U72200KA2000PTC028290 | Active | 14 Dec 2000 | Bangalore, Karnataka | ₹6.0 Cr | 35 | 2 | View details |
| Axxonet Solutions India Private Limited CIN U72200KA2000PTC027492 | Active | 19 Jul 2000 | Bangalore, Karnataka | ₹4.8 Cr | 23 | 2 | View details |
Board of directors of Axxonet
The boards of the 2 registered companies of Axxonet currently have 3 directors; the longest-serving is Lokesh Narasimha, appointed in 2000.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Lokesh Narasimha DIN 00479133 | Director | 19 Jul 2000 | 26 yrs 2 mo | Axxonet Solutions India Private Limited |
| Satyajit Mukundan Chetan DIN 00478899 | Director | 19 Jul 2000 | 26 yrs 2 mo | Axxonet Solutions India Private Limited, Axxonet System Technologies Private Limited |
| Hemalata Mukundan DIN 02442322 | Director | 14 Dec 2000 | 25 yrs 9 mo | Axxonet System Technologies Private Limited |
People of Axxonet
1 people are tracked at Axxonet (1 in leadership); the tracked headcount is 26.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership |
Complete people profiles for Axxonet
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Financials of Axxonet
Figures of Axxonet Solutions India Private Limited, the primary company behind Axxonet, for FY 2025. Revenue was ₹4.78 Cr (+45% year on year). Net profit was ₹0.27 Cr (6% margin). EBITDA was ₹0.50 Cr (11% margin). Revenue has grown at a compounded annual rate of +31% over three years and +21% over five years.
- ₹4.78 CrRevenue · FY 2025 · +45% YoY
- ₹0.27 CrNet profit · 6% margin
- ₹0.50 CrEBITDA · 11% margin
- ₹0.06 CrPaid-up capital
- 23Employees (provident fund records)
- +31%Revenue CAGR, 3 years
- +21%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Axxonet Solutions India Private Limited are on its company page.
Detailed financial statements for Axxonet
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Competitors of Axxonet
Axxonet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ust.com.tw | 1998 | Taiwan | – | – | High-quality office furniture is provided by UST for various needs. | |
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| ionos.com | 1988 | Chesterbrook, United States | $19.5M | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | |
| happiestminds.com | 2011 | Bengaluru, India | $64.8M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| mavenir.com | 2005 | Richardson, United States | $105.4M | 363 | Multi-access edge networking computing platform is provided for mobile services. | |
| girnarsoft.com | 2007 | Jaipur, India | $570.1M | 6,709 | Provider of website, web & mobile application development, BI, and digital marketing services | |
| datamatics.com | 1975 | Mumbai, India | $3.0M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| endava.com | 2000 | London, United Kingdom | – | 12,063 | Endava is engaged in digital transformation and AI-driven solutions. |
Detailed competitors of Axxonet
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- Full competitor set
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Similar companies to Axxonet
10 companies that operate in the same segment as Axxonet (IT Services & Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 1,240 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | – | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 3,200 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | – | |
IT outsourcing services are delivered across multiple business lines. | 2011 | Bengaluru, Karnataka, India | USD 64.83 M | USD 246.74 M | 5,260 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 |
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Frequently Asked Questions about Axxonet
Axxonet was founded in 2000.
Axxonet is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Axxonet has 26 employees.
Annual revenue of Axxonet is $261.61K as on Mar 31, 2020.
Axxonet was founded in 2000 and is located in Bengaluru, India. IT services within the technology sector are offered through a suite of solutions. Operations are centered on delivering comprehensive IT support to clients across various needs. The company is co-led by Lokesh Narasimha, who serves as COO. Online presence is maintained via the domain axxonet.com.
Axxonet's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
Axxonet is associated with 2 legal entities: Axxonet Solutions India Private Limited, Axxonet System Technologies Private Limited.
The legal entities of Axxonet currently have 3 directors, including Lokesh Narasimha, Satyajit Mukundan Chetan, Hemalata Mukundan.