About Binarys
Binarys is a Technology company based in Bengaluru (India) founded in 2007. It provides software development, IT consulting, and related services. It operates on a B2B model. Its Indian entity Binarys Data Source (India) Private Limited reported revenue of ₹1.8 Lakh. Its focus areas include Information Technology, Software Services and Development and Consulting. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
Binarys provides software development, it consulting, and related services through leveraging cutting-edge technology, information technology, software services, and development and consulting. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- SectorsTechnology
- Website binarys.co
- Legal Name Binarys Data Source (India) Private Limited
- Date of Incorporation 11 Apr, 2007
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.8 Lakh
FY 2020 · -44% YoY
- Net Loss-₹17.1 Lakh
FY 2020 · -926% margin
- EBITDA-₹10.7 Lakh
FY 2020 · -577% margin
Associated legal entities of Binarys
Binarys operates through Binarys Data Source (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Binarys Data Source (India) Private Limited CIN U72200KA2007PTC042450 | Active | 11 Apr 2007 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
Board of directors of Binarys Data Source (India) Private Limited (Binarys)
Binarys Data Source (India) Private Limited is the primary company behind Binarys. The board of Binarys Data Source (India) Private Limited currently have 2 directors; the longest-serving is Ganesh Rao Elamati, appointed in 2020. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ganesh Rao Elamati DIN 02013335 | Director | 16 Jan 2020 | 6 yrs 9 mo | Binarys Data Source (India) Private Limited |
| Nandini Ganesh Elamati DIN 03192128 | Director | 15 Jun 2020 | 6 yrs 4 mo | Binarys Data Source (India) Private Limited |
Financials of Binarys
Figures of Binarys Data Source (India) Private Limited, the primary company behind Binarys, for FY 2020. Revenue was ₹1.8 Lakh (-44% year on year). Net loss was -₹17.1 Lakh (-926% margin). EBITDA was -₹10.7 Lakh (-577% margin). Revenue has grown at a compounded annual rate of -51% over three years and -56% over five years.
- ₹1.8 LakhRevenue · FY 2020 · -44% YoY
- -₹17.1 LakhNet loss · -926% margin
- -₹10.7 LakhEBITDA · -577% margin
- ₹5 LakhPaid-up capital
- -51%Revenue CAGR, 3 years
- -56%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Binarys Data Source (India) Private Limited are on its company page.
Detailed financial statements for Binarys
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Competitors of Binarys
Binarys has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed competitors of Binarys
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Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Binarys
Binarys was founded in 2007.
Binarys is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Binarys, Binarys Data Source (India) Private Limited, reported revenue of ₹1.8 Lakh for FY 2020, down 44% year on year.
Binarys provides software development, it consulting, and related services through leveraging cutting-edge technology, information technology, software services, and development and consulting. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Binarys's top competitors include Happiest Minds and Datamatics.
Binarys operates through Binarys Data Source (India) Private Limited.
The legal entities of Binarys currently have 2 directors, including Ganesh Rao Elamati, Nandini Ganesh Elamati.