About Beyontec
Beyontec is a Financial Services company based in Chennai (India) founded in 2008 by Vivek Sethia and Shankar S, and was acquired by Azentio in July 2021. Cloud-based insurance administration solutions are offered to businesses. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Insurance Software Suite.
Company details
Beyontec was founded in 2008 in Chennai, India, as a provider of cloud-based solutions focused exclusively on the insurance sector. Insurance administration tools are delivered, including configured products, workflows, ratings, and business rules engines. Services are extended to insurers, managing general agents, brokers, and industry associations, supporting operational needs in a specialized domain.
- Headquarters Chennai, India
- Founders Vivek Sethia, Shankar S
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website beyontec.asia
- Social LinkedIn
- Acquired by Azentio (Jul 2021)
Associated legal entities of Beyontec
Beyontec 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 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Takunata Solutions Private Limited CIN U72200TN2008PTC068124 | Active | 10 Jun 2008 | Chennai, Tamil Nadu | 3 | View details | ||
| Beyontec 2Nable Solutions Private Limited CIN U72300TN2008PTC069217 | Active | 09 Sep 2008 | Kandanchavadi, Tamil Nadu | ₹73.3 Cr | 173 | 2 | View details |
Investors in Beyontec
Beyontec has secured backing from 1 investor. Prominent investors backing the company include Azentio.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
ERP software solutions are provided for BFSI organizations. | 2020 | azentio.com | Singapore, Singapore |
Investor details for Beyontec
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Board of directors of Beyontec
The boards of the 2 registered companies of Beyontec currently have 5 directors; the longest-serving is Kallapadi Ramavarrier Mohana Krishnan, appointed in 2008. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kallapadi Ramavarrier Mohana Krishnan DIN 02180330 | Director | 10 Jun 2008 | 18 yrs 4 mo | Takunata Solutions Private Limited |
| Vivek Sethia DIN 02233233 | Director | 07 Jul 2009 | 17 yrs 3 mo | Takunata Solutions Private Limited |
| Santhanam Shankar DIN 02254107 | Managing Director | 25 Nov 2009 | 16 yrs 11 mo | Takunata Solutions Private Limited |
| Gaurav Kedia DIN 10193490 | Director | 22 May 2024 | 2 yrs 5 mo | Beyontec 2Nable Solutions Private Limited |
| Aarthi Ramesh DIN 10788837 | Director | 26 Sep 2024 | 2 yrs 1 mo | Beyontec 2Nable Solutions Private Limited |
People of Beyontec
2 people are tracked at Beyontec (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Shankar S | Co-Founder | Leadership |
Complete people profiles for Beyontec
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Financials of Beyontec
Figures of Beyontec 2Nable Solutions Private Limited, the primary company behind Beyontec, for FY 2024. Revenue was ₹73.32 Cr (-23% year on year). Net profit was ₹88.8 Lakh (1% margin). EBITDA was ₹8.03 Cr (11% margin). Revenue has grown at a compounded annual rate of -1% over three years and +6% over five years.
- ₹73.32 CrRevenue · FY 2024 · -23% YoY
- ₹88.8 LakhNet profit · 1% margin
- ₹8.03 CrEBITDA · 11% margin
- ₹24.2 LakhPaid-up capital
- 173Employees (provident fund records)
- -1%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Beyontec 2Nable Solutions Private Limited are on its company page.
Detailed financial statements for Beyontec
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Beyontec
2 dated milestones of Beyontec across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Beyontec is founded.
- Exit Acquired by Azentio.
Top companies in Insurance Technology & Support Services
2 companies that operate in the same segment as Beyontec (Insurance Technology & Support Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M |
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Frequently Asked Questions about Beyontec
Beyontec was founded in 2008.
Beyontec is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Beyontec was founded in 2008 in Chennai, India, as a provider of cloud-based solutions focused exclusively on the insurance sector. Insurance administration tools are delivered, including configured products, workflows, ratings, and business rules engines. Services are extended to insurers, managing general agents, brokers, and industry associations, supporting operational needs in a specialized domain.
Beyontec has 1 investor. Key investors include Azentio.
Beyontec is associated with 2 legal entities: Takunata Solutions Private Limited, Beyontec 2Nable Solutions Private Limited.
Yes. Beyontec was acquired by Azentio in July 2021.
The legal entities of Beyontec currently have 5 directors, including Vivek Sethia, Kallapadi Ramavarrier Mohana Krishnan, Santhanam Shankar and others.