About Girnar Newtel
Girnar Newtel is a Retail company based in Bengaluru (India) founded in 2011 by Jay Kumar, Anurag Jain, and Amit Jain. A cloud-based inventory management system is developed by Girnar Newtel. It operates in the Retail and Technology sectors. Girnar Newtel has raised $225.36 thousand across 3 funding rounds from investors including Rajeev Ojha, Madhuri Ojha and Brijesh Verma. The company has 7 employees. Girnar Newtel was last valued at $1.05 million in October 2020. Its chief executive, as recorded, is Jay Kumar. Its Indian entity Girnar Newtel Solutions Private Limited reported revenue of ₹2.23 Cr. Its focus areas include In Store Retail Tech, Suite, Enterprise Applications and Field Force Automation.
Company details
Girnar Newtel was established in 2011 in Bengaluru, India, within the software technology sector. A cloud-based inventory management system is developed and operated by the company to support business inventory tracking and control. Services are delivered through the domain newtel.in, focusing on cloud solutions for operational efficiency. Leadership is held by co-founders Jay Kumar as CEO, Anurag Jain, and Amit Jain, with operations centered in India.
- Headquarters Bengaluru, India
- Employees 7
- Founders Jay Kumar, Anurag Jain, Amit Jain
- Stage Minicorn
- SectorsRetailTechnology
- Email••••••••
- Website newtel.in
- Social LinkedIn X
- Legal Name Girnar Newtel Solutions Private Limited
- Date of Incorporation 26 Apr, 2011
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2.23 Cr
FY 2024 · +31% YoY
- Net Loss-₹35.4 Lakh
FY 2024 · -16% margin
- EBITDA-₹7.8 Lakh
FY 2024 · -3% margin
- Total Equity Funding$225.36K (USD)
in 3 rounds
- Latest Funding Round$152.11K (USD), Angel Round
Oct 2020
- Employee Count7
Associated legal entities of Girnar Newtel
Girnar Newtel operates through Girnar Newtel 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 |
|---|---|---|---|---|---|---|---|
| Girnar Newtel Solutions Private Limited CIN U72200KA2011PTC058311 | Active | 26 Apr 2011 | Bangalore, Karnataka | ₹2.2 Cr | 7 | 3 | View details |
Funding Insights of Girnar Newtel
Girnar Newtel has successfully raised a total of $225.36K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $152.11 thousand completed in October 2020. 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 $225,361
- Total Rounds 3
- Last Round Angel Round — $152,106
- First Round $33,822
(Jan 2019)
- Investors Count 20
All 3 funding rounds of Girnar Newtel with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2020 | $152,106 | Angel Round | $1.05M | Madhuri Ojha | |
| Aug 2020 | $39,433 | Seed | $610,693 | Third Age Advisors | |
| Jan 2019 | $33,822 | Angel Round | $••••• | Malini Sukumaran, Naveen John |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2020 | $1.05M | •••••••• |
Last known valuation $1.05M (Oct 2020). 20 investors in total: 1 institutional and 19 angel.
Investors in Girnar Newtel
Girnar Newtel has secured backing from 20 investors, including angel investors. Prominent investors backing the company include Rajeev Ojha, Madhuri Ojha and Brijesh Verma.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
RO Rajeev Ojha | unknown_1afe36aac0a34bb79 | |||
MO Madhuri Ojha | unknown_2482c57008ba4bc58 | |||
BV Brijesh Verma | unknown_2f548a19eb6d4ded9 | |||
SN Srikanth N K | unknown_34809fe8c39e444fb | |||
S Shilpa | unknown_4d75021434f844648 | |||
JK Jay Kumar | unknown_3b92b1f3432842229 | |||
PK Prashanth Kothari | unknown_e10e3ce4744244a39 | |||
NM Nitin Malhan | unknown_8196d17d502c441bb | |||
AK Ashish Kumar | Co-founder of OfBusiness, active angel investor in Indian startups | unknown_3a7741f82ec344da9 | ||
VH Vishwamitra Hariharan | Angel investor, ex-Microsoft, focused on early-stage Indian startups | unknown_ccb7665027ab4e83a |
Investor details for Girnar Newtel
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Girnar Newtel Solutions Private Limited (Girnar Newtel)
Girnar Newtel Solutions Private Limited is the primary company behind Girnar Newtel. The board of Girnar Newtel Solutions Private Limited currently have 3 directors; the longest-serving is Kolakaluri Jay Kumar, appointed in 2011. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kolakaluri Jay Kumar DIN 03324105 | Director | 26 Apr 2011 | 15 yrs 5 mo | Girnar Newtel Solutions Private Limited |
| Surbhi Jain DIN 06758194 | Director | 11 Dec 2013 | 12 yrs 10 mo | Girnar Newtel Solutions Private Limited |
| Aditya Raghunath Bagur DIN 07824072 | Additional Director | 19 Feb 2019 | 7 yrs 8 mo | Girnar Newtel Solutions Private Limited |
People of Girnar Newtel
3 people are tracked at Girnar Newtel (3 in leadership); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Amit Jain | Co-Founder | Leadership |
Complete people profiles for Girnar Newtel
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Girnar Newtel
Figures of Girnar Newtel Solutions Private Limited, the primary company behind Girnar Newtel, for FY 2024. Revenue was ₹2.23 Cr (+31% year on year). Net loss was -₹35.4 Lakh (-16% margin). EBITDA was -₹7.8 Lakh (-3% margin). Revenue has grown at a compounded annual rate of +1046% over three years and -6% over five years.
- ₹2.23 CrRevenue · FY 2024 · +31% YoY
- -₹35.4 LakhNet loss · -16% margin
- -₹7.8 LakhEBITDA · -3% margin
- ₹1.64 CrPaid-up capital
- 7Employees (provident fund records)
- +1046%Revenue CAGR, 3 years
- -6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Girnar Newtel Solutions Private Limited are on its company page.
Detailed financial statements for Girnar Newtel
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Girnar Newtel
4 dated milestones of Girnar Newtel across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Girnar Newtel is founded.
- Funding First funding round of $34K.
- Funding Latest funding round, Angel Round, of $152K.
- Milestone Reaches Minicorn status.
Web traffic of Girnar Newtel
The website of Girnar Newtel (newtel.in) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 66% vs previous month
Top companies in Autonomous & In-Store Retail Tech
3 companies that operate in the same segment as Girnar Newtel (Autonomous & In-Store Retail Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | ||
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Platform powering online and in-store retail operations using AI-driven tools | 2012 | Mumbai, Maharashtra, India | USD 16.02 M | USD 43.86 M | 851 |
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Frequently Asked Questions about Girnar Newtel
Girnar Newtel was founded in 2011 and raised its 1st funding round 8 years after it was founded.
Girnar Newtel is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Jay Kumar is the CEO of Girnar Newtel, as recorded in our data. They have also founded this company.
Girnar Newtel is a funded company, having raised a total of $225.36K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $33.82K, raised on Jan 2019.
Girnar Newtel has 7 employees.
The primary company behind Girnar Newtel, Girnar Newtel Solutions Private Limited, reported revenue of ₹2.23 Cr for FY 2024, up 31% year on year.
Girnar Newtel was established in 2011 in Bengaluru, India, within the software technology sector. A cloud-based inventory management system is developed and operated by the company to support business inventory tracking and control. Services are delivered through the domain newtel.in, focusing on cloud solutions for operational efficiency. Leadership is held by co-founders Jay Kumar as CEO, Anurag Jain, and Amit Jain, with operations centered in India.
Girnar Newtel has 20 investors. Key investors include Rajeev Ojha, Madhuri Ojha, Brijesh Verma, Srikanth N K, and Shilpa.
The valuation of Girnar Newtel is $1.05M as of Oct 2020.
Girnar Newtel operates through Girnar Newtel Solutions Private Limited.
The legal entities of Girnar Newtel currently have 3 directors, including Kolakaluri Jay Kumar, Aditya Raghunath Bagur, Surbhi Jain.