About Innotym
Innotym was a Financial Services company based in Chennai (India) founded in 2017. It serves as a provider for secure payment services. It operates on a B2B model. The company has 17 employees. Its Indian entity Innoart Technologies Private Limited reported revenue of ₹1.19 Cr. The company is recorded as dissolved. Its focus areas include Payments, Payment Processing and Service Providers. Similar companies include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed similar companies have raised funding.
Company details
Innotym serves as a provider for secure payment services, focusing on offering financial products and advice, facilitating payment transactions, processing payments securely, and service providers. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Chennai, India
- Employees 17
- SectorsFinancial Services
- Website innotym.com
- Social X
- Legal Name Innoart Technologies Private Limited
- Date of Incorporation 30 Jan, 2012
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹1.19 Cr
FY 2023 · -13% YoY
- Net Loss-₹13.9 Lakh
FY 2023 · -12% margin
- EBITDA-₹6.5 Lakh
FY 2023 · -5% margin
- Employee Count17
Associated legal entities of Innotym
Innotym operates through Innoart Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innoart Technologies Private Limited CIN U72900TN2012PTC084204 | Active | 30 Jan 2012 | Chennai, Tamil Nadu | ₹1.2 Cr | 17 | 2 | View details |
Board of directors of Innoart Technologies Private Limited (Innotym)
Innoart Technologies Private Limited is the primary company behind Innotym. The board of Innoart Technologies Private Limited currently have 2 directors; the longest-serving is Srinivasalu Jayprakash Mallela, appointed in 2012. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srinivasalu Jayprakash Mallela DIN 05173461 | Managing Director | 30 Jan 2012 | 14 yrs 8 mo | Innoart Technologies Private Limited |
| Jayprakash Anusha DIN 07202722 | Director | 29 Jan 2024 | 2 yrs 8 mo | Innoart Technologies Private Limited |
Financials of Innotym
Figures of Innoart Technologies Private Limited, the primary company behind Innotym, for FY 2023. Revenue was ₹1.19 Cr (-13% year on year). Net loss was -₹13.9 Lakh (-12% margin). EBITDA was -₹6.5 Lakh (-5% margin). Revenue has grown at a compounded annual rate of +12% over three years and -25% over five years.
- ₹1.19 CrRevenue · FY 2023 · -13% YoY
- -₹13.9 LakhNet loss · -12% margin
- -₹6.5 LakhEBITDA · -5% margin
- ₹10 LakhPaid-up capital
- 17Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- -25%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innoart Technologies Private Limited are on its company page.
Detailed financial statements for Innotym
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- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Similar companies to Innotym
Innotym has 3 listed similar companies in our database, 3 of them funded. They include Razorpay, Mintoak and Pine Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. |
Detailed similar companies of Innotym
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- Full competitor set
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Innotym (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Frequently Asked Questions about Innotym
Innotym was founded in 2017.
Innotym is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Innotym has 17 employees.
The primary company behind Innotym, Innoart Technologies Private Limited, reported revenue of ₹1.19 Cr for FY 2023, down 13% year on year.
Innotym serves as a provider for secure payment services, focusing on offering financial products and advice, facilitating payment transactions, processing payments securely, and service providers. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Innotym operates through Innoart Technologies Private Limited.
The legal entities of Innotym currently have 2 directors, including Jayprakash Anusha, Srinivasalu Jayprakash Mallela.