About Engage IT Services
Engage IT Services is a Technology company based in Bengaluru (India) founded in 2008 by Naresh Munipalli, and was acquired by Elys Game Technology in February 2023. It operates as a managed IT and infrastructure support services are provided. It operates on a Managed Services and White Label model. Engage IT Services has raised $14.85 thousand across 2 funding rounds from investors including Elys Game Technology, Naveen B and Narayanan Chandramathi. The company has 30 employees. Engage IT Services was last valued at $200.94 thousand in March 2015. Its Indian entity Engage It Services Private Limited reported revenue of ₹6.55 Cr. Engage IT Services offers products and services including RADIS IT, ENGAGE 365, and AUTOMATE IT. Its focus areas include IT Services and Managed IT Services. Its competitors include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture and 4 more; 3 of its 9 listed competitors have raised funding.
Company details
IT infrastructure solutions are designed, deployed, and managed for managed service providers worldwide. Services cover advanced technology areas including network, IP voice, convergence security, wireless, storage virtualization, datacenter, and cloud. Support is provided through white label managed services and enterprise-level assistance. Operations are maintained 247365 with proactive monitoring, data center management, and security operations.
- Headquarters Bengaluru, India
- Employees 30
- Founders Naresh Munipalli
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website engageitsv.com
- Social LinkedIn
- Acquired by Elys Game Technology (Feb 2023)
- Legal Name Engage It Services Pvt Ltd
- Date of Incorporation 29 Nov, 2011
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹6.55 Cr
FY 2025 · +5% YoY
- Net Profit₹1.21 Cr
FY 2025 · 18% margin
- EBITDA₹1.72 Cr
FY 2025 · 26% margin
- Total Equity Funding$14.85K (USD)
in 2 rounds
- Latest Funding Round$14.85K (USD), Angel Round
Mar 2015
- InvestorsElys Game Technology
& 4 more
- Employee Count30
- Acquired byElys Game Technology
(Feb 2023)
Associated legal entities of Engage IT Services
Engage IT Services operates through Engage It Services 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 |
|---|---|---|---|---|---|---|---|
| Engage It Services Private Limited CIN U72200KA2011PTC061414 | Active | 29 Nov 2011 | Bangalore, Karnataka | ₹6.5 Cr | 30 | 2 | View details |
Products & Services of Engage IT Services
Engage IT Services offers a comprehensive portfolio of products and services, including RADIS IT, ENGAGE 365, and AUTOMATE IT.
IT solutions are provided for managed service providers.
Continuous IT support is offered for client infrastructure.
Automation tools are designed for IT operation efficiency.
Funding Insights of Engage IT Services
Engage IT Services has successfully raised a total of $14.85K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $14.85 thousand completed in March 2015. 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 $14,849
- Total Rounds 2
- Last Round Angel Round — $14,849
- Investors Count 4
All 2 funding rounds of Engage IT Services with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
Last known valuation $200,937 (Mar 2015). 5 investors in total: 1 institutional and 4 angel.
Investors in Engage IT Services
Engage IT Services has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Elys Game Technology, Naveen B and Narayanan Chandramathi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
NB Naveen B | - | – | unknown_c8fca421c84b41bf8 | - |
NC Narayanan Chandramathi | - | – | unknown_84dcb9a1d9de4468b | - |
PN Pratima Naresh | - | – | unknown_58c3709c29d84d678 | - |
NM Naresh Munipalli | Angel investor and tech entrepreneur, focused on early-stage Indian startups. | – | unknown_25cfe93664cf47f9b | - |
SaaS-enabled platform offering sports betting solutions | 1998 | elysgame.com | San Francisco, United States |
Investor details for Engage IT Services
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Board of directors of Engage It Services Private Limited (Engage IT Services)
Engage It Services Private Limited is the primary company behind Engage IT Services. The board of Engage It Services Private Limited currently have 2 directors; the longest-serving is Pratima Rajamani, appointed in 2011. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pratima Rajamani DIN 02928550 | Director | 29 Nov 2011 | 14 yrs 10 mo | Engage It Services Private Limited |
| Munipalli Naresh Nagaraj DIN 02371279 | Director | 29 Nov 2011 | 14 yrs 10 mo | Engage It Services Private Limited |
People of Engage IT Services
1 people are tracked at Engage IT Services (1 in leadership); the tracked headcount is 30.
| Name | Role | Group |
|---|---|---|
| Founder & Director | Leadership |
Complete people profiles for Engage IT Services
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Financials of Engage IT Services
Figures of Engage It Services Private Limited, the primary company behind Engage IT Services, for FY 2025. Revenue was ₹6.55 Cr (+5% year on year). Net profit was ₹1.21 Cr (18% margin). EBITDA was ₹1.72 Cr (26% margin). Revenue has grown at a compounded annual rate of -4% over three years and -9% over five years.
- ₹6.55 CrRevenue · FY 2025 · +5% YoY
- ₹1.21 CrNet profit · 18% margin
- ₹1.72 CrEBITDA · 26% margin
- ₹3.6 LakhPaid-up capital
- 30Employees (provident fund records)
- -4%Revenue CAGR, 3 years
- -9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Engage It Services Private Limited are on its company page.
Detailed financial statements for Engage IT Services
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Engage IT Services
4 dated milestones of Engage IT Services across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Engage IT Services is founded.
- Funding First funding round.
- Funding Latest funding round, Angel Round, of $15K.
- Exit Acquired by Elys Game Technology.
Competitors of Engage IT Services
Engage IT Services has 9 listed competitors in our database, 3 of them funded. They include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ust.com.tw | 1998 | Taiwan | – | – | High-quality office furniture is provided by UST for various needs. | |
| 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. | |
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| accenture.com | 1989 | Dublin, Ireland | – | 29 | IT and management consultancy services are provided globally. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| endava.com | 2000 | London, United Kingdom | – | 12,063 | Endava is engaged in digital transformation and AI-driven solutions. |
Detailed competitors of Engage IT Services
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Top companies in IT Services & Operations
10 companies that operate in the same segment as Engage IT Services (IT Services & Operations), 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 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | 1,898 | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 5,196 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | 7,596 | |
IT outsourcing services are delivered across multiple business lines. | 2011 | Bengaluru, Karnataka, India | USD 64.83 M | USD 246.74 M | 5,260 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 |
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Related news about Engage It Services
Complete news archive for Engage IT Services
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Frequently Asked Questions about Engage IT Services
Engage IT Services was founded in 2008 and raised its 1st funding round 6 years after it was founded.
Engage IT Services is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Engage IT Services is a funded company, having raised a total of $14.85K across 2 funding rounds to date.
Engage IT Services has 30 employees.
The primary company behind Engage IT Services, Engage It Services Private Limited, reported revenue of ₹6.55 Cr for FY 2025, up 5% year on year.
IT infrastructure solutions are designed, deployed, and managed for managed service providers worldwide. Services cover advanced technology areas including network, IP voice, convergence security, wireless, storage virtualization, datacenter, and cloud. Support is provided through white label managed services and enterprise-level assistance. Operations are maintained 247365 with proactive monitoring, data center management, and security operations.
Engage IT Services's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Engage IT Services offers RADIS IT, ENGAGE 365, and AUTOMATE IT.
Engage IT Services has 5 investors. Key investors include Elys Game Technology, Naveen B, Narayanan Chandramathi, Pratima Naresh, and Naresh Munipalli.
The valuation of Engage IT Services is $200.94K as of Mar 2015.
Engage IT Services operates through Engage It Services Private Limited.
Yes. Engage IT Services was acquired by Elys Game Technology in February 2023.