About Irax Tech
Irax Tech is a Technology company based in Hyderabad (India) founded in 2018. It delivers IT service suites and digital marketing solutions. It operates on a B2B model. The company has 6 employees. Its Indian entity Irax Tech Private Limited reported revenue of ₹50.1 Lakh. Its focus areas include IT Services, Digital Marketing and Service Suites. Similar companies include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture and 3 more; 3 of its 8 listed similar companies have raised funding.
Company details
Irax Tech delivers it service suites and digital marketing solutions, focusing on leveraging cutting-edge technology, providing IT services, providing digital marketing, and service suites. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Hyderabad, India
- Employees 6
- SectorsTechnology
- Website irax.in
- Legal Name Irax Tech Private Limited
- Date of Incorporation 10 Oct, 2019
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹50.1 Lakh
FY 2024 · -18% YoY
- Net Loss-₹63.7 Lakh
FY 2024 · -127% margin
- EBITDA-₹55.1 Lakh
FY 2024 · -110% margin
- Employee Count6
Associated legal entities of Irax Tech
Irax Tech operates through Irax Tech 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 |
|---|---|---|---|---|---|---|---|
| Irax Tech Private Limited CIN U72200TG2019PTC135999 | Active | 10 Oct 2019 | Hyderabad, Telangana | ₹0.5 Cr | 6 | 2 | View details |
Board of directors of Irax Tech Private Limited (Irax Tech)
Irax Tech Private Limited is the primary company behind Irax Tech. The board of Irax Tech Private Limited currently have 2 directors; the longest-serving is Kiran Kumar Pachava Uday, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kiran Kumar Pachava Uday DIN 08583830 | Director | 10 Oct 2019 | 7 yrs | Irax Tech Private Limited |
| Narsi Reddy Posham DIN 03074532 | Director | 10 Oct 2019 | 7 yrs | Irax Tech Private Limited |
Financials of Irax Tech
Figures of Irax Tech Private Limited, the primary company behind Irax Tech, for FY 2024. Revenue was ₹50.1 Lakh (-18% year on year). Net loss was -₹63.7 Lakh (-127% margin). EBITDA was -₹55.1 Lakh (-110% margin). Revenue has grown at a compounded annual rate of +59% over three years.
- ₹50.1 LakhRevenue · FY 2024 · -18% YoY
- -₹63.7 LakhNet loss · -127% margin
- -₹55.1 LakhEBITDA · -110% margin
- ₹1 LakhPaid-up capital
- 6Employees (provident fund records)
- +59%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Irax Tech Private Limited are on its company page.
Detailed financial statements for Irax Tech
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Similar companies to Irax Tech
Irax Tech has 8 listed similar companies in our database, 3 of them funded. They include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ust.com.tw | 1998 | Taiwan | – | – | High-quality office furniture is provided by UST for various needs. | |
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| ionos.com | 1988 | Chesterbrook, United States | – | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | |
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| accenture.com | 1989 | Dublin, Ireland | – | 29 | IT and management consultancy services are provided globally. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed similar companies of Irax Tech
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Top companies in IT Services & Operations
10 companies that operate in the same segment as Irax Tech (IT Services & Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | 1,898 | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 5,196 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | 7,596 | |
IT outsourcing services are delivered across multiple business lines. | 2011 | Bengaluru, Karnataka, India | USD 64.83 M | USD 246.74 M | 5,260 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 |
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Frequently Asked Questions about Irax Tech
Irax Tech was founded in 2018.
Irax Tech is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Irax Tech has 6 employees.
The primary company behind Irax Tech, Irax Tech Private Limited, reported revenue of ₹50.1 Lakh for FY 2024, down 18% year on year.
Irax Tech delivers it service suites and digital marketing solutions, focusing on leveraging cutting-edge technology, providing IT services, providing digital marketing, and service suites. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Irax Tech's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Irax Tech operates through Irax Tech Private Limited.
The legal entities of Irax Tech currently have 2 directors, including Kiran Kumar Pachava Uday, Narsi Reddy Posham.