About Iotex
Iotex was a Technology company based in Delhi (India) founded in 2014 by Srinath Nudurupati. It provides innovative IoT products and services to enhance connectivity and automation. It operates on a B2B model. Its Indian entity Micromax Biofuels Private Limited reported revenue of ₹217 Cr. The company is recorded as dissolved. Its focus areas include Internet of Things (IoT), IoT Solutions and Products and Services. Its competitors include Muse Wearables, Fire Boltt and Nu Republic; 2 of its 3 listed competitors have raised funding.
Company details
Iotex, based in Delhi, focuses on leveraging cutting-edge technology, internet of things (iot), iot solutions, and products and services. Provides innovative IoT products and services to enhance connectivity and automation. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
- Headquarters Delhi, India
- Founders Srinath Nudurupati
- SectorsTechnology
- Website iotex.com
- Social X Facebook
- Legal Name Micromax Biofuels Private Limited
- Date of Incorporation 04 Dec, 2014
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹217 Cr
FY 2025 · +6065% YoY
- Net Loss-₹1.87 Cr
FY 2025 · -1% margin
- EBITDA₹19.30 Cr
FY 2025 · 9% margin
Associated legal entities of Iotex
Iotex operates through Micromax Biofuels Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Micromax Biofuels Private Limited CIN U24100DL2014PTC273786 | Active | 04 Dec 2014 | New Delhi, Delhi | ₹217 Cr | 49 | 4 | View details |
Board of directors of Micromax Biofuels Private Limited (Iotex)
Micromax Biofuels Private Limited is the primary company behind Iotex. The board of Micromax Biofuels Private Limited currently have 4 directors; the longest-serving is Sumeet Kumar, appointed in 2018. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sumeet Kumar DIN 00060398 | Director | 19 Jul 2018 | 8 yrs 3 mo | Micromax Biofuels Private Limited |
| Rajesh Agarwal DIN 00060434 | Director | 07 Jun 2021 | 5 yrs 4 mo | Micromax Biofuels Private Limited |
| Rahul Sharma DIN 00060485 | Director | 07 Jun 2021 | 5 yrs 4 mo | Micromax Biofuels Private Limited |
| Vikas Jain DIN 00331624 | Director | 07 Jun 2021 | 5 yrs 4 mo | Micromax Biofuels Private Limited |
People of Iotex
1 people are tracked at Iotex (1 in leadership).
| Name | Role | Group |
|---|---|---|
| ex-Co-Founder | Leadership |
Complete people profiles for Iotex
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 Iotex
Figures of Micromax Biofuels Private Limited, the primary company behind Iotex, for FY 2025. Revenue was ₹217 Cr (+6065% year on year). Net loss was -₹1.87 Cr (-1% margin). EBITDA was ₹19.30 Cr (9% margin). Revenue has grown at a compounded annual rate of +566% over three years and +1004% over five years.
- ₹217 CrRevenue · FY 2025 · +6065% YoY
- -₹1.87 CrNet loss · -1% margin
- ₹19.30 CrEBITDA · 9% margin
- ₹5.00 CrPaid-up capital
- 49Employees (provident fund records)
- +566%Revenue CAGR, 3 years
- +1004%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Micromax Biofuels Private Limited are on its company page.
Detailed financial statements for Iotex
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 Iotex
Iotex has 3 listed competitors in our database, 2 of them funded. They include Muse Wearables, Fire Boltt and Nu Republic.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| musewearables.com | 2015 | Chennai, India | $4.93M | 24 | Smartwatch and app for fitness and nutrition tracking are developed. | |
| fireboltt.com | 2015 | Mumbai, India | 1,419 | Designs and sells smartwatches, audio products, and gadgets through online platforms. | ||
| nurepublic.co | 2018 | Gurugram, India | $1.4M | 41 | Manufacturer of personal audio devices, smartwatches, power accessories, and travel gear |
Detailed competitors of Iotex
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
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Top companies in Consumer Internet & IoT
3 companies that operate in the same segment as Iotex (Consumer Internet & IoT) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment in technology sectors focusing on semiconductors, AI, and IoT. | 2015 | Delhi, Delhi, India | USD 115 M | 101 | ||
Technology solutions provider focusing on electronics, mobiles, and smart devices in India. | 2009 | Hyderabad, Telangana, India | USD 73.47 M | 61 | ||
Provides IoT solutions for smart lighting, asset management, and telecom software services. | 2012 | Chennai, Tamil Nadu, India | USD 1.13 M | 58 |
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Frequently Asked Questions about Iotex
Iotex was founded in 2014.
Iotex is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
The primary company behind Iotex, Micromax Biofuels Private Limited, reported revenue of ₹217 Cr for FY 2025, up 6065% year on year.
Iotex, based in Delhi, focuses on leveraging cutting-edge technology, internet of things (iot), iot solutions, and products and services. Provides innovative IoT products and services to enhance connectivity and automation. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
Iotex's top competitors include Nu Republic, Muse Wearables and Fire Boltt.
Iotex operates through Micromax Biofuels Private Limited.
The legal entities of Iotex currently have 4 directors, including Rajesh Agarwal, Rahul Sharma, Vikas Jain and others.