About Banyan Solutions
Banyan Solutions is a Business Services company founded in 1999. It operates as a data cleansing, UNSPSC classification, and master data management services are provided in the technology sector. It operates in the Business Services and Technology sectors. Its Indian entity Joy Innovations Private Limited reported revenue of ₹13.6 Lakh. Banyan Solutions offers products and services including Data Cleansing and UNSPSC Classification. Its focus areas include Consulting, Standardization, ISO Compliance and Data Services.
Company details
Banyan Solutions is identified as a division of Tess Data Solutions, offering data cleansing, UNSPSC classification, and master data management services since its establishment in 1999. Compliance with ISO 8000-110 standards is maintained to standardize enterprise data and support ERP implementations globally from its base in Vellore, Tamil Nadu, India. Testimonial feedback indicates that data accuracy and integration are achieved through these services, enabling businesses to derive actionable insights without inconsistencies.
- SectorsBusiness ServicesTechnology
- Email••••••••
- Phone•••• ••••
- Legal Name Joy Innovations Pvt Ltd
- Date of Incorporation 08 Dec, 2017
- Jurisdiction Vellore, Tamil Nadu, India
- Annual Revenue₹13.6 Lakh
FY 2024 · +2288% YoY
- Net Profit₹1.4 Lakh
FY 2024 · 10% margin
- EBITDA₹2.7 Lakh
FY 2024 · 19% margin
Associated legal entities of Banyan Solutions
Banyan Solutions operates through Joy Innovations 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 |
|---|---|---|---|---|---|---|---|
| Joy Innovations Private Limited CIN U74999TN2017PTC119896 | Active | 08 Dec 2017 | Vellore, Tamil Nadu | ₹0.1 Cr | – | 2 | View details |
Products & Services of Banyan Solutions
Banyan Solutions offers a comprehensive portfolio of products and services, including Data Cleansing and UNSPSC Classification.
Data is cleansed and structured to remove inconsistencies and meet ISO standards.
Products and services are classified according to global standards for seamless procurement and reporting.
Board of directors of Joy Innovations Private Limited (Banyan Solutions)
Joy Innovations Private Limited is the primary company behind Banyan Solutions. The board of Joy Innovations Private Limited currently have 2 directors; the longest-serving is Jayaprathap Jayapal, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jayaprathap Jayapal DIN 08687464 | Director | 04 Feb 2020 | 6 yrs 8 mo | Joy Innovations Private Limited |
| Ranganathan Rajkumar DIN 07988407 | Director | 29 Aug 2022 | 4 yrs 1 mo | Joy Innovations Private Limited |
Financials of Banyan Solutions
Figures of Joy Innovations Private Limited, the primary company behind Banyan Solutions, for FY 2024. Revenue was ₹13.6 Lakh (+2288% year on year). Net profit was ₹1.4 Lakh (10% margin). EBITDA was ₹2.7 Lakh (19% margin). Revenue has grown at a compounded annual rate of +355% over three years and +130% over five years.
- ₹13.6 LakhRevenue · FY 2024 · +2288% YoY
- ₹1.4 LakhNet profit · 10% margin
- ₹2.7 LakhEBITDA · 19% margin
- ₹50,000Paid-up capital
- +355%Revenue CAGR, 3 years
- +130%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Joy Innovations Private Limited are on its company page.
Detailed financial statements for Banyan Solutions
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
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Top companies in Professional Consumer Services
10 companies that operate in the same segment as Banyan Solutions (Professional Consumer Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Waste collection and management services are provided nationwide. | 1968 | Houston, Texas, United States | – | USD 25.2 B | 61,700 | |
Provider of anAI-driven travel planning & recommendation platform | 2014 | London, England, United Kingdom | USD 64.39 M | USD 10.21 M | 51 | |
Water treatment and hygiene solutions are provided for various industries. | 1998 | Fort Mill, South Carolina, United States | USD 486.9 M | USD 88.99 M | 491 | |
On-demand laundry, dry cleaning, and garment care services are provided. | 2015 | Seoul, South Korea | USD 23.75 M | – | – | |
Provider of veterinary services | 1999 | Diss, Norfolk, United Kingdom | – | USD 942.43 M | 8,820 | |
Hardware products are retailed through stores and online channels. | 1924 | Oak Brook, Illinois, United States | – | USD 516.88 M | 14,600 | |
Rollins, Inc. is engaged in providing pest control services worldwide. | 1948 | Atlanta, Georgia, United States | – | USD 3.76 B | 20,270 | |
Website access management solutions are provided to block bot traffic. | 1844 | Manchester, Greater Manchester, United Kingdom | USD 492.88 M | – | 70,000 | |
Car washing services are booked via an online subscription platform. | 2004 | Springdale, Arkansas, United States | USD 70 M | – | – | |
AI-powered healthcare solutions for Medicare beneficiaries are provided. | 2020 | New York, New York, United States | USD 167.16 M | – | – |
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Frequently Asked Questions about Banyan Solutions
Banyan Solutions was founded in 1999.
The primary company behind Banyan Solutions, Joy Innovations Private Limited, reported revenue of ₹13.6 Lakh for FY 2024, up 2288% year on year.
Banyan Solutions is identified as a division of Tess Data Solutions, offering data cleansing, UNSPSC classification, and master data management services since its establishment in 1999. Compliance with ISO 8000-110 standards is maintained to standardize enterprise data and support ERP implementations globally from its base in Vellore, Tamil Nadu, India. Testimonial feedback indicates that data accuracy and integration are achieved through these services, enabling businesses to derive actionable insights without inconsistencies.
Banyan Solutions offers Data Cleansing and UNSPSC Classification.
Banyan Solutions operates through Joy Innovations Private Limited.
The legal entities of Banyan Solutions currently have 2 directors, including Ranganathan Rajkumar, Jayaprathap Jayapal.