About Electrum IT Solutions
Electrum IT Solutions is a company based in Vadodara (India) founded in 2018 by Abhijeet Chopra and Abhishek Jain. It operates as a B2B and Professional Services. The company has 7 employees. Electrum IT Solutions offers products and services including Mobile App Development, Machine Learning, Microservices, Web App Development, and Artificial Intelligence. Electrum IT Solutions operates in a competitive market with competitors including AlmavivA, Hedgehog lab, Hancom, Servion and AKQA, among others.
- Headquarter Vadodara, India
- Employees 7
- Founders Abhijeet Chopra, Abhishek Jain
- SectorsTechnology
- Phone•••• ••••
- Website electrumitsolutions.com
- Social LinkedIn X Facebook Instagram
- Legal Name Electrum It Solutions Private Limited
- Date of Incorporation 19 Apr, 2021
- Jurisdiction Vadodara, Gujarat, India
- Annual Revenue₹1.03 Cr
FY 2024 · -28% YoY
- Net Profit₹1 Lakh
FY 2024 · 1% margin
- EBITDA₹16.5 Lakh
FY 2024 · 16% margin
- Employee Count7
Associated legal entities of Electrum IT Solutions
Electrum IT Solutions operates through Electrum It 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 |
|---|---|---|---|---|---|---|---|
| Electrum It Solutions Private Limited CIN U72900GJ2021PTC122101 | Active | 19 Apr 2021 | Vadodara, Gujarat | ₹1.0 Cr | 7 | 2 | View details |
Products & Services of Electrum IT Solutions
Electrum IT Solutions offers a comprehensive portfolio of products and services, including Mobile App Development, Machine Learning, Microservices, Web App Development, and Artificial Intelligence.
Develops mobile applications for business innovation and operations
Creates custom ML models for data analysis and automation
Designs scalable systems for efficient application integration
Builds business websites and complex web applications
Implements AI technologies for enhanced customer experiences
Board of directors of Electrum It Solutions Private Limited (Electrum IT Solutions)
Electrum It Solutions Private Limited is the primary company behind Electrum IT Solutions. The board of Electrum It Solutions Private Limited currently have 2 directors; the longest-serving is Abhishek Pradipkumar Jain, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhishek Pradipkumar Jain DIN 09150794 | Director | 19 Apr 2021 | 5 yrs 5 mo | Electrum It Solutions Private Limited |
| Abhijeet Vishal Chopra DIN 09150793 | Director | 19 Apr 2021 | 5 yrs 5 mo | Electrum It Solutions Private Limited |
People of Electrum IT Solutions
2 people are tracked at Electrum IT Solutions (2 in leadership); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
| Co-Founder, CEO | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Electrum IT Solutions
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Financials of Electrum IT Solutions
Figures of Electrum It Solutions Private Limited, the primary company behind Electrum IT Solutions, for FY 2024. Revenue was ₹1.03 Cr (-28% year on year). Net profit was ₹1 Lakh (1% margin). EBITDA was ₹16.5 Lakh (16% margin).
- ₹1.03 CrRevenue · FY 2024 · -28% YoY
- ₹1 LakhNet profit · 1% margin
- ₹16.5 LakhEBITDA · 16% margin
- ₹1 LakhPaid-up capital
- 7Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Electrum It Solutions Private Limited are on its company page.
Detailed financial statements for Electrum IT Solutions
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Competitors of Electrum IT Solutions
Electrum IT Solutions 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 AlmavivA, Hedgehog lab, Hancom, Servion and AKQA, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| almaviva.it | 2005 | Rome, Italy | – | – | IT services suite solutions are provided globally by AlmavivA. | |
| hedgehoglab.com | 2007 | Newcastle Upon Tyne, United Kingdom | $9.49M | 88 | Mobile application development and UX design services are provided. | |
| hancom.com | 1990 | Seongnam-si, South Korea | – | – | Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions. | |
| servion.com | 2004 | Chennai, India | $87.22M | 1,062 | Platforms-led customer experience solutions are delivered across multiple channels. | |
| akqa.com | 1994 | Riyadh, Saudi Arabia | $8.74M | 648 | Integrated digital marketing campaigns are developed and executed across channels. | |
| waracle.com | 2007 | Dundee, United Kingdom | $6.32M | 42 | Mobile apps and IoT solutions are developed across platforms. | |
| freschesolutions.com | 1976 | Montreal, Canada | $16M | – | IT services for application modernization and development are offered. | |
| sierraatlantic.com | 1993 | Newark, United States | $17.4M | 139 | Offshore enterprise application development and IT consulting services are provided. | |
| glowtouch.com | 2002 | Louisville, United States | – | 2,269 | Technology services are provided to mid-sized businesses across multiple regions. | |
| brightspot.com | 2008 | Reston, United States | $22M | – | CMS solutions for digital publishers are provided and managed. |
Detailed competitors of Electrum IT Solutions
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Latest news on Electrum It Solutions
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Similar companies to Electrum IT Solutions
10 companies that operate in the same segment as Electrum IT Solutions (Generative & Foundation AI Models), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of AI and cloud-based writing assistance platform for improving writing and communication | 2009 | San Francisco, California, United States | USD 545.37 M | – | – | |
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 167.95 B | – | – | |
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 66.81 B | – | – | |
AI-based conversational solutions are provided for user interactions and learning. | 2021 | Menlo Park, California, United States | USD 193 M | – | – | |
AI-powered tools for video creation from text prompts are offered. | 2017 | San Francisco, California, United States | USD 52.5 M | – | – | |
Citation-based AI answer engine with real-time sourcing is operated. | 2022 | San Francisco, California, United States | USD 1.72 B | – | – | |
Provider of customer communications management platform | 2008 | Stockholm, Sweden | USD 12 M | USD 2.94 B | 4,080 | |
AI-enabled private search engine for keyword-based queries is operated. | 2020 | Palo Alto, California, United States | USD 195 M | – | – | |
AI-based voice transcription for meetings is provided via cloud software. | 2016 | Los Altos, California, United States | USD 70 M | – | – | |
AI-powered software for contract drafting and management is provided. | 2017 | India | USD 112.95 M | USD 2.43 M | 162 |
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Frequently Asked Questions about Electrum IT Solutions
Electrum IT Solutions was founded in 2018.
Electrum IT Solutions is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.
Abhijeet Chopra is the current CEO of Electrum IT Solutions. They have also founded this company.
Electrum IT Solutions has 7 employees.
The primary company behind Electrum IT Solutions, Electrum It Solutions Private Limited, reported revenue of ₹1.03 Cr for FY 2024, down 28% year on year.
Electrum IT Solutions is a technology company specializing in custom software development, including mobile apps, artificial intelligence, machine learning, and microservices. Based in Vadodara, India, and Wilmington, USA, they deliver tailored solutions to enhance business productivity and address unique client problems. The firm supports startups with MVP development and ongoing consultancy, ensuring high client satisfaction through dedicated services.
Electrum IT Solutions's top competitors include Servion, Hedgehog lab and AlmavivA.
Electrum IT Solutions offers Mobile App Development, Machine Learning, Microservices, Web App Development, and Artificial Intelligence.
Electrum IT Solutions operates through Electrum It Solutions Private Limited.
The legal entities of Electrum IT Solutions currently have 2 directors, including Abhishek Pradipkumar Jain, Abhijeet Vishal Chopra.