About groundIT
groundIT is a Technology company based in Chennai (India) founded in 2019. It provides GPS-based software for tracking and managing field forces. It operates on a B2B model. The company has 14 employees. Its Indian entity Sysmedac Technologies India Private Limited reported revenue of ₹1.98 Cr. Its focus areas include Software, Tracking and Monitoring and Field Force Management. Its competitors include AssetTrackr, Uffizio and LystLoc; 1 of its 3 listed competitors has raised funding.
Company details
groundIT, founded in 2019 in Chennai, India, focuses on leveraging cutting-edge technology, software, tracking and monitoring, and field force management. Provides GPS-based software for tracking and managing field forces. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Chennai, India
- Employees 14
- SectorsTechnology
- Website mygroundit.com
- Social X Facebook
- Legal Name Sysmedac Technologies India Private Limited
- Date of Incorporation 12 Aug, 2015
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹1.98 Cr
FY 2021 · -10% YoY
- Net Profit₹91.2 Lakh
FY 2021 · 46% margin
- EBITDA₹91.2 Lakh
FY 2021 · 46% margin
- Employee Count14
Associated legal entities of groundIT
groundIT operates through Sysmedac Technologies India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sysmedac Technologies India Private Limited CIN U72900TN2015PTC101797 | Active | 12 Aug 2015 | Chennai, Tamil Nadu | ₹2.0 Cr | 14 | 2 | View details |
Board of directors of Sysmedac Technologies India Private Limited (groundIT)
Sysmedac Technologies India Private Limited is the primary company behind groundIT. The board of Sysmedac Technologies India Private Limited currently have 2 directors; the longest-serving is Saravanan Kowsalapathy, appointed in 2015. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Saravanan Kowsalapathy DIN 07233600 | Managing Director | 12 Aug 2015 | 11 yrs 2 mo | Sysmedac Technologies India Private Limited |
| Saravanan Thangadurai DIN 09109691 | Director | 30 Jul 2021 | 5 yrs 2 mo | Sysmedac Technologies India Private Limited |
Financials of groundIT
Figures of Sysmedac Technologies India Private Limited, the primary company behind groundIT, for FY 2021. Revenue was ₹1.98 Cr (-10% year on year). Net profit was ₹91.2 Lakh (46% margin). EBITDA was ₹91.2 Lakh (46% margin). Revenue has grown at a compounded annual rate of +140% over three years and +122% over five years.
- ₹1.98 CrRevenue · FY 2021 · -10% YoY
- ₹91.2 LakhNet profit · 46% margin
- ₹91.2 LakhEBITDA · 46% margin
- ₹32.5 LakhPaid-up capital
- 14Employees (provident fund records)
- +140%Revenue CAGR, 3 years
- +122%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sysmedac Technologies India Private Limited are on its company page.
Detailed financial statements for groundIT
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.
Competitors of groundIT
groundIT has 3 listed competitors in our database, 1 of them funded. They include AssetTrackr, Uffizio and LystLoc.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| assettrackr.com | 2013 | Bengaluru, India | $649,332 | 164 | GPS based vehicle tracking and fleet management solutions | |
| uffizio.com | 2000 | Valsad, India | 101 | Develops innovative GPS tracking technologies for fleet operators. | ||
| lystloc.com | 2017 | Chennai, India | 50 | Real-time location tracking, attendance, and task management for field employees. |
Detailed competitors of groundIT
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about groundIT
groundIT was founded in 2019.
groundIT is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
groundIT has 14 employees.
The primary company behind groundIT, Sysmedac Technologies India Private Limited, reported revenue of ₹1.98 Cr for FY 2021, down 10% year on year.
groundIT, founded in 2019 in Chennai, India, focuses on leveraging cutting-edge technology, software, tracking and monitoring, and field force management. Provides GPS-based software for tracking and managing field forces. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
groundIT's top competitors include AssetTrackr, Uffizio and LystLoc.
groundIT operates through Sysmedac Technologies India Private Limited.
The legal entities of groundIT currently have 2 directors, including Saravanan Kowsalapathy, Saravanan Thangadurai.