About Ensure Support Services
Ensure Support Services is a Technology company based in Chennai (India) founded in 2014, and was acquired by Accel in July 2020. IT service suite solutions and managed printing services are provided. The company has 8 employees. Its Indian entity Accel It Services Limited reported revenue of ₹1.57 Cr. Its focus areas include Business Services, IT Services and Suite. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
Ensure Support Services was founded in 2014 in Chennai, India. IT service suite solutions are delivered by the company, complemented by managed printing services. Operations are conducted within the information technology sector, with a focus on support and maintenance for business needs. The firms activities are based in India, accessible via the domain ensureservices.in. Services are tailored for efficiency in IT and printing management.
- Headquarters Chennai, India
- Employees 8
- Stage Acquired
- SectorsTechnology
- Phone•••• ••••
- Website ensureservices.in
- Social LinkedIn Facebook
- Acquired by Accel (Jul 2020)
- Legal Name Accel It Services Limited
- Date of Incorporation 27 Jun, 2013
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹1.57 Cr
FY 2022 · -94% YoY
- Net Profit₹1.67 Cr
FY 2022 · 107% margin
- EBITDA₹1.10 Cr
FY 2022 · 70% margin
- Investors
- Employee Count8
- Acquired byAccel
(Jul 2020)
Associated legal entities of Ensure Support Services
Ensure Support Services operates through Accel It Services Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Accel It Services Limited CIN U72900TN2013PLC091888 | Amalgamated | 27 Jun 2013 | Chennai, Tamil Nadu | ₹1.6 Cr | 8 | 3 | View details |
Investors in Ensure Support Services
Ensure Support Services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Accel Limited.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IT services including infrastructure management and cyber security are offered. | accel-india.com | Chennai, India |
Investor details for Ensure Support Services
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Board of directors of Accel It Services Limited (Ensure Support Services)
Accel It Services Limited is the primary company behind Ensure Support Services. The board of Accel It Services Limited currently have 3 directors; the longest-serving is Sunkari Venkateswara Rao, appointed in 2013. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sunkari Venkateswara Rao DIN 06600739 | Director | 27 Jun 2013 | 13 yrs 4 mo | Accel It Services Limited |
| Narayana Pillai Reghoothama Panicker DIN 00236198 | Director | 07 Sep 2020 | 6 yrs 1 mo | Accel It Services Limited |
| Nagarajan Krishnamurthy DIN 02172617 | Director | 31 Jul 2021 | 5 yrs 2 mo | Accel It Services Limited |
Financials of Ensure Support Services
Figures of Accel It Services Limited, the primary company behind Ensure Support Services, for FY 2022. Revenue was ₹1.57 Cr (-94% year on year). Net profit was ₹1.67 Cr (107% margin). EBITDA was ₹1.10 Cr (70% margin). Revenue has grown at a compounded annual rate of -76% over three years and -58% over five years.
- ₹1.57 CrRevenue · FY 2022 · -94% YoY
- ₹1.67 CrNet profit · 107% margin
- ₹1.10 CrEBITDA · 70% margin
- ₹4.50 CrPaid-up capital
- 8Employees (provident fund records)
- -76%Revenue CAGR, 3 years
- -58%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Accel It Services Limited are on its company page.
Detailed financial statements for Ensure Support Services
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Timeline of Ensure Support Services
2 dated milestones of Ensure Support Services across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Ensure Support Services is founded.
- Exit Acquired by Accel.
Competitors of Ensure Support Services
Ensure Support Services 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 Ensure Support Services
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Related news about Ensure Support Services
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Frequently Asked Questions about Ensure Support Services
Ensure Support Services was founded in 2014.
Ensure Support Services is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Ensure Support Services has 8 employees.
The primary company behind Ensure Support Services, Accel It Services Limited, reported revenue of ₹1.57 Cr for FY 2022, down 94% year on year.
Ensure Support Services was founded in 2014 in Chennai, India. IT service suite solutions are delivered by the company, complemented by managed printing services. Operations are conducted within the information technology sector, with a focus on support and maintenance for business needs. The firms activities are based in India, accessible via the domain ensureservices.in. Services are tailored for efficiency in IT and printing management.
Ensure Support Services's top competitors include Happiest Minds and Datamatics.
Ensure Support Services has 1 investor. Key investors include Accel Limited.
Ensure Support Services operates through Accel It Services Limited.
Yes. Ensure Support Services was acquired by Accel in July 2020.
The legal entities of Ensure Support Services currently have 3 directors, including Nagarajan Krishnamurthy, Narayana Pillai Reghoothama Panicker, Sunkari Venkateswara Rao.