About Binaryveda
Binaryveda is a company based in India founded in 2011. It operates as a B2B and Service-based Contracts. The company has 19 employees. Binaryveda offers products and services including Digital Product Development, Mobile App Development, and Backend Infrastructure. Binaryveda operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter India
- Employees 19
- SectorsTechnologyAgriculture
- Email••••••••
- Website binaryveda.com
- Social LinkedIn
- Legal Name Binaryveda Software Solutions Private Limited
- Date of Incorporation 18 Jul, 2014
- Jurisdiction Kharghar Navi Mumbai, Maharashtra, India
- Annual Revenue₹2.77 Cr
FY 2024 · -43% YoY
- Net Loss-₹2.01 Cr
FY 2024 · -72% margin
- EBITDA-₹1.96 Cr
FY 2024 · -71% margin
- Employee Count19
Associated legal entities of Binaryveda
Binaryveda operates through Binaryveda Software Solutions 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 |
|---|---|---|---|---|---|---|---|
| Binaryveda Software Solutions Private Limited CIN U72300MH2014PTC256128 | Active | 18 Jul 2014 | Navi Mumbai, Maharashtra | ₹2.8 Cr | 19 | 3 | View details |
Products & Services of Binaryveda
Binaryveda offers a comprehensive portfolio of products and services, including Digital Product Development, Mobile App Development, and Backend Infrastructure.
Service for designing and building custom digital products
Development of companion apps for various client needs
Building robust backend systems for digital ecosystems
Board of directors of Binaryveda Software Solutions Private Limited (Binaryveda)
Binaryveda Software Solutions Private Limited is the primary company behind Binaryveda. The board of Binaryveda Software Solutions Private Limited currently have 3 directors; the longest-serving is Boppana Naga Venkata Durga Praveen, appointed in 2014. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Boppana Naga Venkata Durga Praveen DIN 06585714 | Whole-time director | 18 Jul 2014 | 12 yrs 2 mo | Binaryveda Software Solutions Private Limited |
| Biju Chandran Vadake DIN 06810364 | Managing Director | 18 Jul 2014 | 12 yrs 2 mo | Binaryveda Software Solutions Private Limited |
| Chandrasekhar Govindan Nair DIN 07538334 | Director | 30 Mar 2016 | 10 yrs 6 mo | Binaryveda Software Solutions Private Limited |
People of Binaryveda
7 people are tracked at Binaryveda (2 in leadership, 5 in team); the tracked headcount is 19.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
Husain S. Rokadia | HR Business Partner | Leadership |
Siddharth Sahu | Design Lead | Team |
Shankar Kakumani | Lead Developer - Android & Flutter | Team |
Yashvardhan Deoda | Product Designer | Team |
Shishir Pednekar | Mobile Application Developer | Team |
Sumanth Vangala | Team Lead - QA Engineer | Team |
Complete people profiles for Binaryveda
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 Binaryveda
Figures of Binaryveda Software Solutions Private Limited, the primary company behind Binaryveda, for FY 2024. Revenue was ₹2.77 Cr (-43% year on year). Net loss was -₹2.01 Cr (-72% margin). EBITDA was -₹1.96 Cr (-71% margin). Revenue has grown at a compounded annual rate of +63% over three years and +43% over five years.
- ₹2.77 CrRevenue · FY 2024 · -43% YoY
- -₹2.01 CrNet loss · -72% margin
- -₹1.96 CrEBITDA · -71% margin
- ₹2 LakhPaid-up capital
- 19Employees (provident fund records)
- +63%Revenue CAGR, 3 years
- +43%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Binaryveda Software Solutions Private Limited are on its company page.
Detailed financial statements for Binaryveda
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.
Competitors of Binaryveda
Binaryveda 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 Accenture, 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 | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| accenture.com | 1989 | Dublin, Ireland | – | 29 | IT and management consultancy services are provided globally. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 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 Binaryveda
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Binaryveda
10 companies that operate in the same segment as Binaryveda (Programming & Software Development Tools), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Collaborative platform for design prototyping and feedback is provided. | 2012 | San Francisco, California, United States | USD 748.75 M | – | – | |
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 2,810 | |
Automated usability testing and feedback for mobile experiences is provided. | 2007 | San Francisco, California, United States | USD 148.5 M | USD 21.68 M | 557 | |
Crowdsourced testing platforms are offered for software quality assurance. | 1966 | Framingham, Massachusetts, United States | USD 115.9 M | – | – | |
A platform for the AI community to collaborate and build. | 2016 | Paris, France | USD 399.91 M | – | – | |
Cloud-based whiteboarding software is provided for team collaboration and communication. | 2011 | San Francisco, California, United States | USD 501.3 M | – | – | |
Security testing software is provided for code vulnerability detection. | 2006 | Atlanta, Georgia, United States | USD 98.5 M | USD 3.35 M | 38 | |
Honeycomb is recognized for providing observability solutions for distributed services. | 2016 | San Francisco, California, United States | USD 144.9 M | – | – | |
Cloud based suite of software testing solutions | 2011 | Mumbai, Maharashtra, India | USD 253.3 M | USD 75.19 M | 926 | |
Cloud-based cross-browser testing services are provided for web applications. | 2017 | San Francisco, California, United States | USD 108.4 M | USD 693.97 K | 48 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Binaryveda
Binaryveda was founded in 2011.
Binaryveda is headquartered in India.
Binaryveda has 19 employees.
The primary company behind Binaryveda, Binaryveda Software Solutions Private Limited, reported revenue of ₹2.77 Cr for FY 2024, down 43% year on year.
Binaryveda is a boutique agency specializing in digital product design and development, creating mobile apps, web platforms, and backend systems for clients in various sectors. They handle projects from branding to implementation, focusing on personalized services and timely delivery. Based remotely, they collaborate with companies like Godrej for security tech and Advanta Seeds for agriculture platforms, emphasizing quality and innovation without cutting corners.
Binaryveda's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Binaryveda offers Digital Product Development, Mobile App Development, and Backend Infrastructure.
Binaryveda operates through Binaryveda Software Solutions Private Limited.
The legal entities of Binaryveda currently have 3 directors, including Boppana Naga Venkata Durga Praveen, Biju Chandran Vadake, Chandrasekhar Govindan Nair.