About CannyMinds
CannyMinds is a Business Services company based in Chennai (India) founded in 2020. It operates as an IT Solution Services CannyMinds Technology Solution. It operates in the Business Services and Technology sectors. CannyMinds has raised $24.09 thousand across 1 funding round. CannyMinds was last valued at $563.19 thousand in March 2024. Its chief executive is Udayakumar Murugan. Its Indian entity Cannyminds Technology Solutions Private Limited reported revenue of ₹36.4 Lakh. CannyMinds offers products and services including CannyHR, CannyDocs, CannyEdu, CannyScan, and CannyCKYC. Its focus areas include Marketing Services, Full Service Marketing Agency, Digital Transformation Services and Horizontal. Its competitors include UST, Genpact, NTT DATA, Datamatics and Endava and 4 more; 3 of its 9 listed competitors have raised funding.
Company details
Choose CannyMinds IT services and solutions to increase company efficiency.
- Headquarters Chennai, India
- SectorsBusiness ServicesTechnology
- Email••••••••
- Phone•••• ••••
- Website cannymindstech.com
- Social LinkedIn X Facebook
- Legal Name Cannyminds Technology Solutions Private Limited
- Date of Incorporation 03 Apr, 2020
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹36.4 Lakh
FY 2024 · -49% YoY
- Net Profit₹1.9 Lakh
FY 2024 · 5% margin
- EBITDA₹5.1 Lakh
FY 2024 · 14% margin
- Total Equity Funding$24.09K (USD)
in 1 rounds
- Latest Funding Round$24.09K (USD), Angel Round
Mar 2024
Associated legal entities of CannyMinds
CannyMinds operates through Cannyminds Technology 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 |
|---|---|---|---|---|---|---|---|
| Cannyminds Technology Solutions Private Limited CIN U72901TN2020PTC135074 | Active | 03 Apr 2020 | Chennai, Tamil Nadu | ₹0.4 Cr | 2 | 5 | View details |
Products & Services of CannyMinds
CannyMinds offers a comprehensive portfolio of products and services, including CannyHR, CannyDocs, CannyEdu, CannyScan, and CannyCKYC.
Software for HR and payroll management in organizations.
Platform for organizing and retrieving professional documents easily.
Tool for virtual classrooms and online learning environments.
Service for scanning and converting physical documents digitally.
Automation software for customer KYC processes in banking.
Funding Insights of CannyMinds
CannyMinds has successfully raised a total of $24.09K through 1 strategic funding round. The most recent funding activity was a Angel Round of $24.09 thousand completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $24,094
- Total Rounds 1
- Last Round Angel Round — $24,094
- First Round $24,094
(Mar 2024)
All 1 funding rounds of CannyMinds with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $24,094 | Angel Round | $563,191 | – | – |
Last known valuation $563,191 (Mar 2024).
Board of directors of Cannyminds Technology Solutions Private Limited (CannyMinds)
Cannyminds Technology Solutions Private Limited is the primary company behind CannyMinds. The board of Cannyminds Technology Solutions Private Limited currently have 5 directors; the longest-serving is Balakrishnan Maheshkumar, appointed in 2020. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Balakrishnan Maheshkumar DIN 08971266 | Director | 19 Nov 2020 | 5 yrs 11 mo | Cannyminds Technology Solutions Private Limited |
| Kannappan Parthiban DIN 08971253 | Director | 19 Nov 2020 | 5 yrs 11 mo | Cannyminds Technology Solutions Private Limited |
| Udayakumar Murugan DIN 08971238 | Director | 19 Nov 2020 | 5 yrs 11 mo | Cannyminds Technology Solutions Private Limited |
| Christopher Arulandu DIN 08449505 | Director | 02 Feb 2022 | 4 yrs 8 mo | Cannyminds Technology Solutions Private Limited |
| Bhaskaran DIN 09153696 | Director | 21 Feb 2025 | 1 yr 7 mo | Cannyminds Technology Solutions Private Limited |
People of CannyMinds
1 people are tracked at CannyMinds (1 in leadership).
| Name | Role | Group |
|---|---|---|
| CEO | Leadership |
Complete people profiles for CannyMinds
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 CannyMinds
Figures of Cannyminds Technology Solutions Private Limited, the primary company behind CannyMinds, for FY 2024. Revenue was ₹36.4 Lakh (-49% year on year). Net profit was ₹1.9 Lakh (5% margin). EBITDA was ₹5.1 Lakh (14% margin). Revenue has grown at a compounded annual rate of +58% over three years.
- ₹36.4 LakhRevenue · FY 2024 · -49% YoY
- ₹1.9 LakhNet profit · 5% margin
- ₹5.1 LakhEBITDA · 14% margin
- ₹10.1 LakhPaid-up capital
- 2Employees (provident fund records)
- +58%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Cannyminds Technology Solutions Private Limited are on its company page.
Detailed financial statements for CannyMinds
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.
Timeline of CannyMinds
2 dated milestones of CannyMinds across 4 years, from founding to its latest funding, stage changes and deals.
- Founded CannyMinds is founded.
- Funding First funding round of $24K.
Competitors of CannyMinds
CannyMinds has 9 listed competitors in our database, 3 of them funded. They include UST, Genpact, NTT DATA, Datamatics and Endava, 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 | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| 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. | |
| quesscorp.com | 2007 | Bengaluru, India | – | 1,860 | Provider of outsourcing and business services | |
| s4capital.com | 2014 | London, United Kingdom | – | 8,772 | Digital advertising and content marketing services are provided globally. | |
| townsquaremedia.com | 2010 | Greenwich, United States | $100.5M | 2,016 | Media Company focused on radio broadcasting, live events, marketing solutions | |
| persistent.com | 1990 | Pune, India | $18.8M | 20,909 | IT consulting, data analytics, and digital transformation services are provided. |
Detailed competitors of CannyMinds
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.
Top companies in Digital Transformation & Automation Services
10 companies that operate in the same segment as CannyMinds (Digital Transformation & Automation Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 | |
Provider of data analytics, cloud modernization, management strategy, and digital transformation services | 1998 | Aliso Viejo, California, United States | USD 250 M | USD 59.61 M | 1,905 | |
Artificial intelligence and analytics solutions are provided for enterprise transformation. | 2000 | New York, New York, United States | USD 685 M | USD 270.83 M | 5,217 | |
Analytics, cybersecurity, and digital transformation services are provided. | 1914 | Mclean, Virginia, United States | – | USD 11.22 B | 35,800 | |
Enterprise AI models are developed and tuned for business integration. | 2022 | Palo Alto, California, United States | USD 1.53 B | – | 84 | |
Provider of end-to-end business process outsourcing services | 1997 | New York, New York, United States | – | USD 5.08 B | 140,000 | |
IT consulting, data analytics, and digital transformation services are provided. | 1990 | Pune, Maharashtra, India | USD 18.8 M | USD 1.57 B | 24,590 | |
Provider of digital signature certificates, PKI, and e-signature solutions | 2008 | Bengaluru, Karnataka, India | USD 26.23 M | USD 74.82 M | 851 | |
Application development, cloud, cybersecurity, and business intelligence services are provided. | 1967 | Koto, Tokyo, Japan | – | USD 31.05 B | 197,780 |
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Frequently Asked Questions about CannyMinds
CannyMinds was founded in 2020 and raised its 1st funding round 4 years after it was founded.
CannyMinds is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Udayakumar Murugan is the current CEO of CannyMinds.
CannyMinds is a funded company, having raised a total of $24.09K across 1 funding round to date. The company's 1st funding round was a Angel Round of $24.09K, raised on Mar 2024.
The primary company behind CannyMinds, Cannyminds Technology Solutions Private Limited, reported revenue of ₹36.4 Lakh for FY 2024, down 49% year on year.
Choose CannyMinds IT services and solutions to increase company efficiency.
CannyMinds's top competitors include Quess, S⁴Capital and Datamatics.
CannyMinds offers CannyHR, CannyDocs, CannyEdu, CannyScan, and CannyCKYC.
The valuation of CannyMinds is $563.19K as of Mar 2024.
CannyMinds operates through Cannyminds Technology Solutions Private Limited.
The legal entities of CannyMinds currently have 5 directors, including Bhaskaran, Balakrishnan Maheshkumar, Kannappan Parthiban and others.