About DevAppSol
DevAppSol is a Technology company based in Hyderabad (India) founded in 2013 by Srikanth Soma. It offers IoT hardware and software for enterprise asset tracking and optimization. It operates on a B2B model. Its chief executive, as recorded, is Srikanth Soma. Its Indian entity Devapp Tech Solutions Private Limited reported revenue of ₹38.1 Lakh. DevAppSol offers products and services including AI based Airside Tracking, Buggy Management Solution, and Trolley Management Solution. Its focus areas include IoT Tech, Asset Tracking, Enterprise Solutions and Airport Management. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
DevAppSol delivers comprehensive IoT solutions to digitize processes for global enterprises, specializing in RF technologies, hardware design, and software development. They provide reliable devices, low-power connectivity, gateways, cloud integration, and data analytics dashboards, particularly for challenging environments like airports. Based in India, they serve clients in asset tracking, including major airports, to enhance efficiency and resource management through AI-enabled systems.
- Headquarters Hyderabad, India
- Founders Srikanth Soma
- SectorsTechnology
- Email••••••••
- Website devappsol.com
- Social X
- Legal Name Devapp Tech Solutions Private Limited
- Date of Incorporation 24 Apr, 2013
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹38.1 Lakh
FY 2021 · +13% YoY
- Net Loss-₹13.1 Lakh
FY 2021 · -34% margin
- EBITDA-₹11.6 Lakh
FY 2021 · -30% margin
Associated legal entities of DevAppSol
DevAppSol operates through Devapp Tech Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Devapp Tech Solutions Private Limited CIN U74900TG2013PTC087234 | Active | 24 Apr 2013 | Hyderabad, Telangana | ₹0.4 Cr | 3 | View details |
Products & Services of DevAppSol
DevAppSol offers a comprehensive portfolio of products and services, including AI based Airside Tracking, Buggy Management Solution, and Trolley Management Solution.
AI system improves air traffic flow and resource utilization at airports.
Monitors buggy usage and demand for efficient airport operations.
Provides real-time visibility for tracking and maintaining luggage trolleys.
Board of directors of Devapp Tech Solutions Private Limited (DevAppSol)
Devapp Tech Solutions Private Limited is the primary company behind DevAppSol. The board of Devapp Tech Solutions Private Limited currently have 3 directors; the longest-serving is Mahender Reddy Gurram, appointed in 2013. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mahender Reddy Gurram DIN 06507019 | Director | 26 Oct 2013 | 12 yrs 11 mo | Devapp Tech Solutions Private Limited |
| Srikanth Soma DIN 03587577 | Director | 26 Oct 2013 | 12 yrs 11 mo | Devapp Tech Solutions Private Limited |
| Minesh Kirtilal Adani DIN 07174271 | Additional Director | 09 Nov 2022 | 3 yrs 11 mo | Devapp Tech Solutions Private Limited |
People of DevAppSol
1 people are tracked at DevAppSol (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder, CEO | Leadership |
Complete people profiles for DevAppSol
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Financials of DevAppSol
Figures of Devapp Tech Solutions Private Limited, the primary company behind DevAppSol, for FY 2021. Revenue was ₹38.1 Lakh (+13% year on year). Net loss was -₹13.1 Lakh (-34% margin). EBITDA was -₹11.6 Lakh (-30% margin). Revenue has grown at a compounded annual rate of -20% over three years and -15% over five years.
- ₹38.1 LakhRevenue · FY 2021 · +13% YoY
- -₹13.1 LakhNet loss · -34% margin
- -₹11.6 LakhEBITDA · -30% margin
- ₹9.4 LakhPaid-up capital
- -20%Revenue CAGR, 3 years
- -15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Devapp Tech Solutions Private Limited are on its company page.
Detailed financial statements for DevAppSol
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Competitors of DevAppSol
DevAppSol 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 DevAppSol
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Related news about Devappsol
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Frequently Asked Questions about DevAppSol
DevAppSol was founded in 2013.
DevAppSol is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Srikanth Soma is the CEO of DevAppSol, as recorded in our data. They have also founded this company.
The primary company behind DevAppSol, Devapp Tech Solutions Private Limited, reported revenue of ₹38.1 Lakh for FY 2021, up 13% year on year.
DevAppSol delivers comprehensive IoT solutions to digitize processes for global enterprises, specializing in RF technologies, hardware design, and software development. They provide reliable devices, low-power connectivity, gateways, cloud integration, and data analytics dashboards, particularly for challenging environments like airports. Based in India, they serve clients in asset tracking, including major airports, to enhance efficiency and resource management through AI-enabled systems.
DevAppSol's top competitors include Happiest Minds and Datamatics.
DevAppSol offers AI based Airside Tracking, Buggy Management Solution, and Trolley Management Solution.
DevAppSol operates through Devapp Tech Solutions Private Limited.
The legal entities of DevAppSol currently have 3 directors, including Mahender Reddy Gurram, Srikanth Soma, Minesh Kirtilal Adani.