About Conneqt
Conneqt is a company based in Hyderabad (India) founded in 2004 by Nitin Dubey was acquired by Quess in November 2017. It operates as a B2B. The company has 37,925 employees. Conneqt has completed 1 acquisition, including Allsec Technologies. Conneqt operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Hyderabad, India
- Employees 37,925
- Founders Nitin Dubey
- SectorsBusiness Services
- Website conneqtcorp.com
- Social X Facebook
- Acquired by Quess (Nov 2017)
- Legal Name Conneqt Business Solutions Limited
- Date of Incorporation 14 Mar, 1995
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1,453 Cr
FY 2023 · +20% YoY
- Net Profit₹89.11 Cr
FY 2023 · 6% margin
- EBITDA₹253 Cr
FY 2023 · 17% margin
- Investors
- Employee Count37,925
- Investments & Acquisitions
- Acquired byQuess
(Nov 2017)
Associated legal entities of Conneqt
Conneqt operates through Conneqt Business Solutions Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Conneqt Business Solutions Limited CIN U64200KA1995PLC148924 | Amalgamated | 14 Mar 1995 | Bangalore, Karnataka | ₹1,453 Cr | 37,925 | 11 | View details |
Investors in Conneqt
Conneqt has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Quess.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of outsourcing and business services | 2007 | quesscorp.com | Bengaluru, India |
Investor details for Conneqt
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Board of directors of Conneqt Business Solutions Limited (Conneqt)
Conneqt Business Solutions Limited is the primary company behind Conneqt. The board of Conneqt Business Solutions Limited currently have 8 directors; the longest-serving is Vishnubhotla Sampath, appointed in 2006. 35 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vishnubhotla Sampath DIN 00257101 | Company Secretary | 18 May 2006 | 20 yrs 4 mo | Conneqt Business Solutions Limited |
| Subramantan Krishnan Arangottukara DIN 07543143 | CFO | 07 May 2015 | 11 yrs 5 mo | Conneqt Business Solutions Limited |
| Srinivasan Guruprasad DIN 07596207 | Director | 27 Nov 2017 | 8 yrs 10 mo | Conneqt Business Solutions Limited |
| Sanjay Anandaram DIN 00579785 | Director | 27 Nov 2017 | 8 yrs 10 mo | Conneqt Business Solutions Limited |
| Rallabhandi Lakshmi Sarada DIN 07140433 | Director | 03 May 2018 | 8 yrs 5 mo | Conneqt Business Solutions Limited |
| Pinaki Kar DIN 08305157 | Director | 22 Jan 2019 | 7 yrs 8 mo | Conneqt Business Solutions Limited |
| Arjun Ramaraju DIN 09519336 | CEO | 01 Apr 2021 | 5 yrs 6 mo | Conneqt Business Solutions Limited |
| Kamal Pal Hoda DIN 09808793 | Director | 10 Jan 2023 | 3 yrs 8 mo | Conneqt Business Solutions Limited |
People of Conneqt
18 people are tracked at Conneqt (7 in leadership, 11 in team); the tracked headcount is 37,925.
| Name | Role | Group |
|---|---|---|
Nitin Dubey | Co-Founder | Leadership |
Rajesh Hegde | Vice President Global Delivery | Leadership |
Susmit Sen | Vice President -process And Ops -finance And Accounting | Leadership |
Shailesh Singh | Asst Vp- Sales - BFSI BPM Services | Leadership |
Biju Nair | Head Of Sales - BFSI Strategic Back Office Solutions - Central Processing | Leadership |
Sudhir Thakur | Executive Vice President | Leadership |
Vrushali Kulkarni | Chief Delivery Officer SR VP | Leadership |
Siddhesh Shinde | Deputy Manager Human Resources | Team |
Amber Sen | Senior Executive Talent Acquisition | Team |
Abhijeet Banerjee | Senior Talent Acquisition Specialist | Team |
Paritosh Sangle | Senior Executive Human Resources | Team |
Sagar Komajpillewar | Senior Executive Human Resources | Team |
Syeda Maryam | Senior Engineer | Team |
G.suresh Rao | GM Sales | Team |
Mainak Ghosal | Customer Service Team Lead | Team |
Murali Krishna | Manager | Team |
Ruchi Kumar | Deputy Manager- Digital Transformation Services | Team |
Mahesh Kadam | Senior Customer Care Executive | Team |
Complete people profiles for Conneqt
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Financials of Conneqt
Figures of Conneqt Business Solutions Limited, the primary company behind Conneqt, for FY 2023. Revenue was ₹1,453 Cr (+20% year on year). Net profit was ₹89.11 Cr (6% margin). EBITDA was ₹253 Cr (17% margin). Revenue has grown at a compounded annual rate of +14% over three years and +14% over five years.
- ₹1,453 CrRevenue · FY 2023 · +20% YoY
- ₹89.11 CrNet profit · 6% margin
- ₹253 CrEBITDA · 17% margin
- ₹149 CrPaid-up capital
- 37,925Employees (provident fund records)
- +14%Revenue CAGR, 3 years
- +14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Conneqt Business Solutions Limited are on its company page.
Detailed financial statements for Conneqt
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Conneqt
Conneqt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Allsec Technologies.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of business process outsourcing, customer experience management, and debt collection services | allsectech.com | Chennai, India | 1998 | Apr 2019 | $39M |
Complete acquisition details for Conneqt
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Timeline of Conneqt
3 dated milestones of Conneqt across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Conneqt is founded.
- Exit Acquired by Quess.
- Acquisition Acquires Allsec Technologies.
Competitors of Conneqt
Conneqt 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 Conneqt
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Web traffic of Conneqt
The website of Conneqt (conneqtcorp.com) receives about 9.3K visits a month.
- Monthly visits9.3K
▼ 33.3% vs previous month
Websites whose visitors overlap most with Conneqt. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| naukri.com | 100% | 29M | #1,336 | View details | |
careers.quesscorp.com | careers.quesscorp.com | 95% | – | #2,066,193 | – |
| cogenteservices.com | 91% | 9.5K | #2,189,002 | View details | |
| exlservice.com | 91% | 255.5K | #195,456 | View details |
Latest news on Conneqt
Complete news archive for Conneqt
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Similar companies to Conneqt
10 companies that operate in the same segment as Conneqt (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 | 4,620 | |
Analytics, cybersecurity, and digital transformation services are provided. | 1914 | Mclean, Virginia, United States | USD 2.64 M | 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 | – | 35 | |
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 19.8 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 Conneqt
Conneqt was founded in 2004.
Conneqt is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Conneqt has 37,925 employees.
The primary company behind Conneqt, Conneqt Business Solutions Limited, reported revenue of ₹1,453 Cr for FY 2023, up 20% year on year.
Conneqt, established in 2004, excels in information technology, consulting services, business process, and cloud migration. Conneqt delivers comprehensive solutions for business processes, cloud migration, and related services. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Conneqt's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Conneqt has made 1 acquisition, including Allsec Technologies.
Conneqt has 1 investor. Key investors include Quess.
Conneqt operates through Conneqt Business Solutions Limited.
Yes. Conneqt was acquired by Quess in November 2017.
The legal entities of Conneqt currently have 8 directors, including Pinaki Kar, Arjun Ramaraju, Srinivasan Guruprasad and others.