About Elite Core
Elite Core is a company based in Ahmedabad (India) founded in 1999 by Nikhil Jain was acquired by STL in September 2015. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. Elite Core has raised $10.3 million across 1 funding round from investors including The Carlyle Group and STL Tech. Elite Core offers products and services including Hand-Built Cables, Racks and Cases, and Power Products. Elite Core operates in a competitive market with competitors including Neusoft, Synchronoss, AsiaInfo, Iconectiv and Amdocs, among others.
- Headquarter Ahmedabad, India
- Founders Nikhil Jain
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Elitecore Technologies Private Limited
- Date of Incorporation 17 Dec, 1999
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$36.3 M (USD)39.82as on Mar 31, 2013
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Net Profit
$3.42 M (USD)57.83as on Mar 31, 2013
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EBITDA
$5.47 M (USD)75.34as on Mar 31, 2013
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Total Equity Funding
$10.3 M (USD)
in 1 rounds
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Latest Funding Round
$10.3 M (USD), Series A
Jun 19, 2007
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Investors
The Carlyle Group
& 1 more
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Employee Count
Employee Count
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Acquired by
STL
(Sep 22, 2015)
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Products & Services of Elite Core
Elite Core offers a comprehensive portfolio of products and services, including Hand-Built Cables, Racks and Cases, and Power Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cables are crafted for audio and power applications.
Solutions are provided for equipment storage and transport.
Power extensions and distribution systems are offered widely.
Funding Insights of Elite Core
Elite Core has successfully raised a total of $10.3M through 1 strategic funding round. The most recent funding activity was a Series A round of $10.3 million completed in June 2007. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $10.3M
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First Round
First Round
(19 Jun 2007)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2007 | Amount | Series A - Elite Core | Valuation | The Carlyle Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Elite Core
Elite Core has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include The Carlyle Group and STL Tech. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Optical fibre networks and digital integration solutions are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Elite Core
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Elite Core
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Elite Core Comparisons
Competitors of Elite Core
Elite Core 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 Neusoft, Synchronoss, AsiaInfo, Iconectiv and Amdocs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
IT solutions and services are provided to multiple industries.
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| domain | founded_year | HQ Location |
SaaS-based platform providing subscriber analytics, network asset management, and cloud services
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| domain | founded_year | HQ Location |
OSS/BSS and IT services are provided to the telecommunications sector.
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| domain | founded_year | HQ Location |
Interconnection technology and clearinghouse solutions for telecom carriers are provided.
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| domain | founded_year | HQ Location |
Cloud-based OSS and BSS solutions are provided to communications providers.
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| domain | founded_year | HQ Location |
Product, order management, and network provisioning solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Elite Core
Frequently Asked Questions about Elite Core
When was Elite Core founded?
Elite Core was founded in 1999 and raised its 1st funding round 8 years after it was founded.
Where is Elite Core located?
Elite Core is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of Elite Core?
Nikhil Jain is the current CEO of Elite Core. They have also founded this company.
Is Elite Core a funded company?
Elite Core is a funded company, having raised a total of $10.3M across 1 funding round to date. The company's 1st funding round was a Series A of $10.3M, raised on Jun 19, 2007.
What is the annual revenue of Elite Core?
Annual revenue of Elite Core is $36.3M as on Mar 31, 2013.
What does Elite Core do?
Elite Core is involved in the production of hand-built cables, racks, cases, and power distribution products. Operations are focused on the professional audio and entertainment sectors. A wide range of solutions, including Ethernet cables, speaker cables, and custom power systems, are provided for various applications. Equipment protection and stage power products are also offered to support live events and studio environments.
Who are the top competitors of Elite Core?
What products or services does Elite Core offer?
Elite Core offers Hand-Built Cables, Racks and Cases, and Power Products.
Who are Elite Core's investors?
Elite Core has 2 investors. Key investors include The Carlyle Group, and STL Tech.
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