About Cygnet Infotech
Cygnet Infotech is a Technology company based in Ahmedabad (India) founded in 2000. IT services, tax and finance solutions, and digital engineering. It operates in the Technology and Financial Services sectors. The company has 999 employees. Cygnet Infotech has completed 2 acquisitions, including Glib and euVAT Online. Its Indian entity Cygnet Infotech Private Limited reported revenue of ₹220 Cr. Cygnet Infotech offers products and services including Cygnet Tax and Cygnet Finalyze. Its focus areas include Information Technology, Cloud Computing, Cloud Migration and AI Integration.
Company details
Cygnet is identified as a provider of IT services, focusing on tax transformation, finance solutions, and digital engineering. Products like Cygnet Tax and Cygnet Finalyze are utilized for GST compliance and invoicing, while services in cloud migration and AI integration are offered to drive business efficiency. Partnerships with global enterprises are established to deliver innovative outcomes, as evidenced by testimonials on problem resolution. The company operates worldwide, emphasizing quality and trust through frameworks like COSMOS, which promote collaboration and innovation across industries.
- Headquarters Ahmedabad, India
- Employees 999
- SectorsTechnologyFinancial Services
- Website cygnet-infotech.com
- Social LinkedIn Instagram YouTube
- Legal Name Cygnet Infotech Private Limited
- Date of Incorporation 22 Aug, 2000
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹220 Cr
FY 2025 · +3% YoY
- Net Profit₹23.41 Cr
FY 2025 · 10% margin
- EBITDA₹41.19 Cr
FY 2025 · 18% margin
- Employee Count999
- Investments & AcquisitionsGlib
& 1 more
Associated legal entities of Cygnet Infotech
Cygnet Infotech operates through Cygnet Infotech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cygnet Infotech Private Limited CIN U72200GJ2000PTC038563 | Active | 22 Aug 2000 | Ahmedabad, Gujarat | ₹220 Cr | 999 | 8 | View details |
Products & Services of Cygnet Infotech
Cygnet Infotech offers a comprehensive portfolio of products and services, including Cygnet Tax and Cygnet Finalyze.
Tax compliance solutions are provided for GST, e-Invoicing, and direct tax management to support business operations.
Finance management tools are offered to handle reconciliation and invoicing processes efficiently.
Apps and channels of Cygnet Infotech
its YouTube channel CygnetOne has 45 subscribers and 30 videos.
Videos from Cygnet Infotech
The most watched videos on Cygnet Infotech's YouTube channel, CygnetOne (45 subscribers). Click a video to play it here.
More on CygnetOne.
Board of directors of Cygnet Infotech Private Limited (Cygnet Infotech)
Cygnet Infotech Private Limited is the primary company behind Cygnet Infotech. The board of Cygnet Infotech Private Limited currently have 7 directors; the longest-serving is Niraj Karnik Hutheesing, appointed in 2000. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Niraj Karnik Hutheesing DIN 00078587 | Managing Director | 22 Aug 2000 | 26 yrs 2 mo | Cygnet Infotech Private Limited |
| Vishal Shrenik Shah DIN 00078594 | Director | 27 Dec 2000 | 25 yrs 10 mo | Cygnet Infotech Private Limited |
| Chatura Niraj Hutheesing DIN 02426588 | Whole-time director | 29 Aug 2009 | 17 yrs 2 mo | Cygnet Infotech Private Limited |
| Apurva Shivji Ashar DIN 06417290 | Whole-time director | 01 Nov 2012 | 14 yrs | Cygnet Infotech Private Limited |
| Tejinderpalsingh Pritamsingh Oberoi DIN 00193649 | Whole-time director | 10 Dec 2013 | 12 yrs 11 mo | Cygnet Infotech Private Limited |
| Keval Niraj Hutheesing DIN 08701484 | Director | 30 Aug 2022 | 4 yrs 2 mo | Cygnet Infotech Private Limited |
| Pankaj Dikshit DIN 11378018 | Additional Director | 19 Dec 2025 | 10 mo | Cygnet Infotech Private Limited |
People of Cygnet Infotech
1 people are tracked at Cygnet Infotech (1 in leadership); the tracked headcount is 999.
| Name | Role | Group |
|---|---|---|
| Founder & Managing Director | Leadership |
Complete people profiles for Cygnet Infotech
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Financials of Cygnet Infotech
Figures of Cygnet Infotech Private Limited, the primary company behind Cygnet Infotech, for FY 2025. Revenue was ₹220 Cr (+3% year on year). Net profit was ₹23.41 Cr (10% margin). EBITDA was ₹41.19 Cr (18% margin). Revenue has grown at a compounded annual rate of +9% over three years and +15% over five years.
- ₹220 CrRevenue · FY 2025 · +3% YoY
- ₹23.41 CrNet profit · 10% margin
- ₹41.19 CrEBITDA · 18% margin
- ₹5.20 CrPaid-up capital
- 999Employees (provident fund records)
- +9%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Cygnet Infotech Private Limited are on its company page.
Detailed financial statements for Cygnet Infotech
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Investments & Acquisitions by Cygnet Infotech
Cygnet Infotech has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Glib and euVAT Online.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
AI-powered solutions for document processing and data extraction are provided. | glib.ai | Ahmedabad, India | 2013 | Mar 2022 | $916,566 | |
Cloud-based VAT management solutions are offered to businesses worldwide. | euvat.org | Hove, United Kingdom | 2017 | Sep 2021 | •••• |
Complete acquisition details for Cygnet Infotech
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Timeline of Cygnet Infotech
3 dated milestones of Cygnet Infotech across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Cygnet Infotech is founded.
- Acquisition Acquires euVAT Online.
- Acquisition Acquires Glib.
Web traffic of Cygnet Infotech
Websites that share an audience with Cygnet Infotech (cygnet-infotech.com).
Websites whose visitors overlap most with Cygnet Infotech. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| silvertouch.com | 100% | 33.8K | #502,478 | View details | |
| indianic.com | 98% | 6.9K | #3,169,751 | View details | |
themsteam.com | themsteam.com | 96% | – | ||
| gatewaytechnolabs.com | 91% | View details | |||
tatvasoft.com | tatvasoft.com | 76% | #393,366 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Cygnet Infotech
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Top companies in AI in IT Operations
3 companies that operate in the same segment as Cygnet Infotech (AI in IT Operations) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provides AI-based workflows for media monitoring, data intelligence, and cloud engineering services. | 1996 | Hyderabad, Telangana, India | USD 4.28 M | |||
Provides integrated software and hardware solutions for security and operational efficiency. | 2017 | Bengaluru, Karnataka, India | USD 258.4 K | |||
Delivers ServiceNow implementation, consulting, and support for organizations worldwide. | 2016 | Jaipur, Rajasthan, India | USD 1.35 M | 82 |
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Related news about Cygnet Infotech
Complete news archive for Cygnet Infotech
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Frequently Asked Questions about Cygnet Infotech
Cygnet Infotech was founded in 2000.
Cygnet Infotech is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Cygnet Infotech has 999 employees.
The primary company behind Cygnet Infotech, Cygnet Infotech Private Limited, reported revenue of ₹220 Cr for FY 2025, up 3% year on year.
Cygnet is identified as a provider of IT services, focusing on tax transformation, finance solutions, and digital engineering. Products like Cygnet Tax and Cygnet Finalyze are utilized for GST compliance and invoicing, while services in cloud migration and AI integration are offered to drive business efficiency. Partnerships with global enterprises are established to deliver innovative outcomes, as evidenced by testimonials on problem resolution. The company operates worldwide, emphasizing quality and trust through frameworks like COSMOS, which promote collaboration and innovation across industries.
Cygnet Infotech offers Cygnet Tax and Cygnet Finalyze.
Cygnet Infotech has made 2 acquisitions, including Glib, and euVAT Online.
Cygnet Infotech operates through Cygnet Infotech Private Limited.
The legal entities of Cygnet Infotech currently have 8 directors, including Chatura Niraj Hutheesing, Vishal Shrenik Shah, Niraj Karnik Hutheesing and others.