About Discoverture Solutions
Discoverture Solutions is a Technology company based in Scottsdale (United States) founded in 2002, and was acquired by Mindtree in January 2015. Core insurance systems and policy administration services are provided. The company has 1 employees. Its Indian entity Discoverture Solutions (India) Private Limited reported revenue of ₹3.40 Cr. Its focus areas include Business Services, IT Services and Suite. Its competitors include Genpact, 1&1 IONOS and Mavenir; 1 of its 3 listed competitors has raised funding.
Company details
Discoverture Solutions was founded in 2002 in Scottsdale, United States, as an IT solutions provider focused on the insurance and healthcare sectors. Core policy administration and insurance systems implementation are handled, alongside strategic consulting, system implementation, application development and support, independent quality assurance, and enterprise application integration. The company was acquired by Mindtree Ltd. in 2015.
- Headquarters Scottsdale, United States
- Employees 1
- Stage Acquired
- SectorsTechnology
- Website discoverture.com
- Social LinkedIn Facebook
- Acquired by Mindtree (Jan 2015)
- Legal Name Discoverture Solutions (India) Private Limited
- Date of Incorporation 07 May, 1999
- Jurisdiction Khorda, Odisha, India
Associated legal entities of Discoverture Solutions
Discoverture Solutions operates through Discoverture Solutions (India) 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 |
|---|---|---|---|---|---|---|---|
| Discoverture Solutions (India) Private Limited CIN U72200OR1999PTC005772 | Active | 07 May 1999 | Bhubaneswar, Odisha | ₹3.4 Cr | 2 | View details |
Investors in Discoverture Solutions
Discoverture Solutions has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mindtree.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Outsourcing solutions in IT, engineering, and consulting are delivered. | 1999 | mindtree.com | Bengaluru, India |
Investor details for Discoverture Solutions
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Board of directors of Discoverture Solutions (India) Private Limited (Discoverture Solutions)
Discoverture Solutions (India) Private Limited is the primary company behind Discoverture Solutions. The board of Discoverture Solutions (India) Private Limited currently have 2 directors; the longest-serving is Sanjay Kishore Kanungo, appointed in 2003. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjay Kishore Kanungo DIN 01436452 | Managing Director | 25 Aug 2003 | 23 yrs 2 mo | Discoverture Solutions (India) Private Limited |
| Vijaya Narasimha DIN 02045446 | Director | 25 Feb 2008 | 18 yrs 8 mo | Discoverture Solutions (India) Private Limited |
People of Discoverture Solutions
1 people are tracked at Discoverture Solutions (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Steve Addair | President | Leadership |
Complete people profiles for Discoverture Solutions
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Financials of Discoverture Solutions
Figures of Discoverture Solutions (India) Private Limited, the primary company behind Discoverture Solutions, for FY 2025. Revenue was ₹3.40 Cr (+17% year on year). Net profit was ₹89.2 Lakh (26% margin). EBITDA was ₹1.96 Cr (58% margin). Revenue has grown at a compounded annual rate of +9% over three years and +8% over five years.
- ₹3.40 CrRevenue · FY 2025 · +17% YoY
- ₹89.2 LakhNet profit · 26% margin
- ₹1.96 CrEBITDA · 58% margin
- ₹68.6 LakhPaid-up capital
- +9%Revenue CAGR, 3 years
- +8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Discoverture Solutions (India) Private Limited are on its company page.
Detailed financial statements for Discoverture Solutions
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Timeline of Discoverture Solutions
2 dated milestones of Discoverture Solutions across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Discoverture Solutions is founded.
- Exit Acquired by Mindtree.
Competitors of Discoverture Solutions
Discoverture Solutions has 3 listed competitors in our database, 1 of them funded. They include Genpact, 1&1 IONOS and Mavenir.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| genpact.com | 1997 | New York, United States | 129,140 | Provider of end-to-end business process outsourcing services | ||
| ionos.com | 1988 | Chesterbrook, United States | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | ||
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. |
Detailed competitors of Discoverture Solutions
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Top companies in IT Services & Operations
3 companies that operate in the same segment as Discoverture Solutions (IT Services & Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 |
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Frequently Asked Questions about Discoverture Solutions
Discoverture Solutions was founded in 2002.
Discoverture Solutions is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
Discoverture Solutions has 1 employees.
The primary company behind Discoverture Solutions, Discoverture Solutions (India) Private Limited, reported revenue of ₹3.40 Cr for FY 2025, up 17% year on year.
Discoverture Solutions was founded in 2002 in Scottsdale, United States, as an IT solutions provider focused on the insurance and healthcare sectors. Core policy administration and insurance systems implementation are handled, alongside strategic consulting, system implementation, application development and support, independent quality assurance, and enterprise application integration. The company was acquired by Mindtree Ltd. in 2015.
Discoverture Solutions has 1 investor. Key investors include Mindtree.
Discoverture Solutions operates through Discoverture Solutions (India) Private Limited.
Yes. Discoverture Solutions was acquired by Mindtree in January 2015.
The legal entities of Discoverture Solutions currently have 2 directors, including Vijaya Narasimha, Sanjay Kishore Kanungo.