India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#272- Valuation
- ₹20,940 Cr
2023 #302
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About IBS Software Services
IBS Software Services is a Technology company based in Thiruvananthapuram (India) founded in 1997 by Valayil Korath Mathews. Software solutions are provided for airline, hospitality, and logistics sectors. IBS Software Services has raised $60 million across 1 funding round from investors including General Atlantic. The company has 6,192 employees. IBS Software Services has completed 4 acquisitions, including AD OPT, Above Property and Avient Solutions. Its chief executive, as recorded, is Somit Goyal. Its website ibsplc.com draws about 57 thousand monthly visits. Its Indian entity Ibs Software Private Limited reported revenue of ₹2,950 Cr. Its focus areas include Travel and Hospitality Tech, Aviation IT, Aviation Suite and Aerospace, Maritime and Defense Tech.
Company details
Provider of software solutions for airline, hospitality, and logistics sectors. It offers integrated systems for airline retailing, operations, and crew management; hospitality solutions including property management and distribution systems; and logistics software for air cargo, ocean cargo, and energy resources. These solutions encompass passenger services, loyalty management, and supply chain optimization. The company develops modular systems allowing clients to integrate full platforms or select individual components. Its offerings are designed to improve operational efficiency, enhance customer engagement, and drive revenue growth.
Recognitions & Rankings of IBS Software Services
- Headquarters Thiruvananthapuram, India
- Employees 6,192
- Founders Valayil Korath Mathews
- SectorsTechnology
- Email••••••••
- Website ibsplc.com
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Ibs Software Private Limited
- Date of Incorporation 30 May, 2014
- Jurisdiction Thiruvananthapuram, Kerala, India
Operational Areas
Key Metrics
- Annual Revenue₹2,950 Cr
FY 2026 · +24% YoY
- Net Profit₹447 Cr
FY 2026 · 16% margin
- EBITDA₹684 Cr
FY 2026 · 24% margin
- Total Equity Funding$60M (USD)
in 1 rounds
- Latest Funding Round$60M (USD), Private Equity Round
Jul 2007
- Investors
- Employee Count6,192
- Investments & AcquisitionsAD OPT
& 3 more
Associated legal entities of IBS Software Services
IBS Software Services is associated with 3 registered companies on The Company Check; the primary company is Ibs Software Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ibs Software Private Limited CIN U72200KL2014FTC036668 | Active | 30 May 2014 | Thiruvananthapuram, Kerala | ₹2,950 Cr | 4,079 | 3 | View details |
| International Business Services Group Private Limited CIN U72200KL2006PTC019172 | Active | 10 Feb 2006 | Kerala, India | ₹2.1 Cr | 2 | 2 | View details |
| Ibs Software Services Private Limited CIN U72200KL1999PTC012934 | Amalgamated | 31 Mar 1999 | Thiruvananthapuram, Kerala | ₹474 Cr | 3,071 | 2 | View details |
Apps and channels of IBS Software Services
its YouTube channel IBS Software has 1.89K subscribers and 30 videos.
IBS Software
Open channelVideos from IBS Software Services
The most watched videos on IBS Software Services's YouTube channel, IBS Software (1.89K subscribers). Click a video to play it here.
Greg Foran, CEO and Nikhil Ravishankar, CDO, Air New Zealand | IBS Software partnership
Nikhil Ravishankar on Air New Zealand's Innovative Loyalty Program
IBS Software’s Modern Airline Retailing
Highlights from IBS Software Cargo Forum, Bangalore | Nov 2024
More on IBS Software.
Funding Insights of IBS Software Services
IBS Software Services has successfully raised a total of $60M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $60 million completed in July 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 $60M
- Total Rounds 1
- Last Round Private Equity Round — $60M
- First Round $60M
(Jul 2007)
- Investors Count 1
All 1 funding rounds of IBS Software Services 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 |
|---|---|---|---|---|---|
| Jul 2007 | $60M | Private Equity Round | – | General Atlantic | – |
Valuation history
1 investors in total: 1 institutional.
Investors in IBS Software Services
IBS Software Services has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include General Atlantic.
All
Venture Fund
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity fund focused on global markets | 1980 | generalatlantic.com | New York, United States |
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Investor details for IBS Software Services
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Ibs Software Private Limited (IBS Software Services)
Ibs Software Private Limited is the primary company behind IBS Software Services. The boards of the 3 registered companies of IBS Software Services currently have 2 directors; the longest-serving is Valayil Korath Mathews, appointed in 2006. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Valayil Korath Mathews DIN 00049414 | Director | 10 Feb 2006 | 20 yrs 9 mo | International Business Services Group Private Limited, Ibs Software Private Limited, Ibs Software Services Private Limited |
| Latha Mathews DIN 00049334 | Director | 10 Feb 2006 | 20 yrs 9 mo | International Business Services Group Private Limited, Ibs Software Private Limited, Ibs Software Services Private Limited |
People of IBS Software Services
211 people are tracked at IBS Software Services (59 in leadership, 5 in board & advisors, 147 in team); the tracked headcount is 6,192.
| Name | Role | Group |
|---|---|---|
| Founder & Executive Chairman | Leadership | |
Somit Goyal | CEO | Leadership |
Laura-Jane Turner Cf Apmp | Head Of Bid Management | Leadership |
Ashish Nanda | Chief Financial Officer | Leadership |
V K Mathews | CEO & Executive Chairman | Leadership |
Jim Quilty | Associate Vice President, Travel Industry | Leadership |
Ben Simmons | Vice President & Region Head - Europe & Africa | Leadership |
Liju Mathew | Head Of Demand Generation Marketing | Leadership |
Deepa Nair | HR Business Partner | Leadership |
Julious David Thekkanath | AVP & Head Of Implementations - THS | Leadership |
Bhavana Nair | Head Of Internal Communications & Branding And Chairman's Office | Leadership |
Peter Cefai | President And Head Of MSA | Leadership |
Roy George | Product Head, Airline Retail Solutions | Leadership |
Dr Binu Stanley | Head Of Talent Management | Leadership |
Bindu Pillai | Global Head - Business Partner HR And India Operations | Leadership |
Latha Nair | Head Of Delivery - Consulting & Digital Transformation | Leadership |
Alejandro Martínez Frausto | Sales And Marketing Director, Latin America And The Caribbean | Leadership |
Jeanette See | Head Of Marketing APAC | Leadership |
Sreedevi Santhosh | Senior Human Resources Business Partner | Leadership |
Anandeshwar Vellopore | Sr. Director, Digital Transformation And Customer Success (americas) | Leadership |
191 more people are available in the full profile.
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Complete people profiles for IBS Software Services
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of IBS Software Services
Figures of Ibs Software Private Limited, the primary company behind IBS Software Services, for FY 2026. Revenue was ₹2,950 Cr (+24% year on year). Net profit was ₹447 Cr (16% margin). EBITDA was ₹684 Cr (24% margin). Revenue has grown at a compounded annual rate of +20% over three years and +23% over five years.
- ₹2,950 CrRevenue · FY 2026 · +24% YoY
- ₹447 CrNet profit · 16% margin
- ₹684 CrEBITDA · 24% margin
- ₹1 LakhPaid-up capital
- 4,079Employees (provident fund records)
- +20%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ibs Software Private Limited are on its company page.
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Detailed financial statements for IBS Software Services
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by IBS Software Services
IBS Software Services has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include AD OPT, Above Property and Avient Solutions.
Acquisitions
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based software solutions provider for hotels | aboveproperty.com | Naples, United States | 2012 | Jan 2024 | $90M | |
Optimization solutions for airline crew planning are provided globally. | ad-opt.com | Montreal, Canada | 1999 | May 2019 | •••• | |
Provider of software development services | moveosystems.com | Bengaluru, India | 2005 | Nov 2011 | •••• | |
Airline and airport operations systems and solutions are provided. | avientsolutions.com | Reading, United Kingdom | 2002 | Oct 2003 | •••• |
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Complete acquisition details for IBS Software Services
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of IBS Software Services
6 dated milestones of IBS Software Services across 27 years, from founding to its latest funding, stage changes and deals.
- Founded IBS Software Services is founded.
- Acquisition Acquires Avient Solutions.
- Funding First funding round of $60.0M.
- Acquisition Acquires Moveo Systems.
- Acquisition Acquires AD OPT.
- Acquisition Acquires Above Property.
Web traffic of IBS Software Services
The website of IBS Software Services (ibsplc.com) receives about 56.9K visits a month.
- Monthly visits56.9K
▼ 12.5% vs previous month
Similar websites
Websites whose visitors overlap most with IBS Software Services. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
zafinlabs.com | zafinlabs.com | 100% | – | ||
argent.com | argent.com | 100% | #6,617,143 | – | |
| github.com | 90% | 542.6M | #65 | View details | |
concursolutions.com | concursolutions.com | 89% | #1,802 | – | |
| infinite.com | 85% | 100.2K | #416,033 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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All 40 similar websites and full traffic analytics for IBS Software Services
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Related news about Ibs Software Services
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Frequently Asked Questions about IBS Software Services
IBS Software Services was founded in 1997 and raised its 1st funding round 10 years after it was founded.
IBS Software Services is headquartered in Thiruvananthapuram, India. It is registered at Thiruvananthapuram, Kerala, India.
Somit Goyal is the CEO of IBS Software Services, as recorded in our data.
IBS Software Services is a funded company, having raised a total of $60M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $60M, raised on Jul 2007.
IBS Software Services has 6,192 employees.
The primary company behind IBS Software Services, Ibs Software Private Limited, reported revenue of ₹2,950 Cr for FY 2026, up 24% year on year.
Provider of software solutions for airline, hospitality, and logistics sectors. It offers integrated systems for airline retailing, operations, and crew management; hospitality solutions including property management and distribution systems; and logistics software for air cargo, ocean cargo, and energy resources. These solutions encompass passenger services, loyalty management, and supply chain optimization. The company develops modular systems allowing clients to integrate full platforms or select individual components. Its offerings are designed to improve operational efficiency, enhance customer engagement, and drive revenue growth.
IBS Software Services has made 4 acquisitions, including AD OPT, Above Property, and Avient Solutions.
IBS Software Services has 1 investor. Key investors include General Atlantic.
IBS Software Services is associated with 3 legal entities: Ibs Software Private Limited, International Business Services Group Private Limited, Ibs Software Services Private Limited.
The legal entities of IBS Software Services currently have 3 directors, including Valayil Korath Mathews, Latha Mathews, Tiruchirapalli Narayana Swamy Kanchana Chitra.