About IT Grids
IT Grids was a Technology company based in Hyderabad (India) founded in 2008. It provides custom software development services tailored to client needs. It operates on a B2B model. Its Indian entity It Grids (India) Private Limited reported revenue of ₹1.45 Cr. The company is recorded as dissolved. Its focus areas include Information Technology, Software Development and Custom Solutions. Its competitors include AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle and 5 more; 6 of its 10 listed competitors have raised funding.
Company details
IT Grids, established in 2008, excels in leveraging cutting-edge technology, information technology, creating custom software solutions, and custom solutions. Provides custom software development services tailored to client needs. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Hyderabad, India
- SectorsTechnology
- Website itgrids.com
- Social Facebook
- Legal Name It Grids (India) Private Limited
- Date of Incorporation 02 Feb, 2010
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹1.45 Cr
FY 2018 · +3% YoY
- Net Profit₹5.9 Lakh
FY 2018 · 4% margin
- EBITDA₹10.8 Lakh
FY 2018 · 7% margin
Associated legal entities of IT Grids
IT Grids operates through It Grids (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| It Grids (India) Private Limited CIN U72200TG2010PTC066875 | Active | 02 Feb 2010 | Hyderabad, Telangana | ₹1.5 Cr | 27 | 2 | View details |
Board of directors of It Grids (India) Private Limited (IT Grids)
It Grids (India) Private Limited is the primary company behind IT Grids. The board of It Grids (India) Private Limited currently have 2 directors; the longest-serving is Ashok Dakavaram, appointed in 2010. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashok Dakavaram DIN 02845595 | Director | 02 Feb 2010 | 16 yrs 8 mo | It Grids (India) Private Limited |
| Dakavaram Srilakshmi Kumari DIN 06508105 | Director | 20 Jun 2012 | 14 yrs 4 mo | It Grids (India) Private Limited |
Financials of IT Grids
Figures of It Grids (India) Private Limited, the primary company behind IT Grids, for FY 2018. Revenue was ₹1.45 Cr (+3% year on year). Net profit was ₹5.9 Lakh (4% margin). EBITDA was ₹10.8 Lakh (7% margin). Revenue has grown at a compounded annual rate of -11% over three years.
- ₹1.45 CrRevenue · FY 2018 · +3% YoY
- ₹5.9 LakhNet profit · 4% margin
- ₹10.8 LakhEBITDA · 7% margin
- ₹19.3 LakhPaid-up capital
- 27Employees (provident fund records)
- -11%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of It Grids (India) Private Limited are on its company page.
Detailed financial statements for IT Grids
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 IT Grids
IT Grids has 10 listed competitors in our database, 6 of them funded. They include AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| almaviva.it | 2005 | Rome, Italy | – | – | IT services suite solutions are provided globally by AlmavivA. | |
| hedgehoglab.com | 2007 | Newcastle Upon Tyne, United Kingdom | $9.49M | 88 | Mobile application development and UX design services are provided. | |
| hancom.com | 1990 | Seongnam-si, South Korea | – | – | Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions. | |
| akqa.com | 1994 | Riyadh, Saudi Arabia | $8.74M | 648 | Integrated digital marketing campaigns are developed and executed across channels. | |
| waracle.com | 2007 | Dundee, United Kingdom | $6.32M | 42 | Mobile apps and IoT solutions are developed across platforms. | |
| freschesolutions.com | 1976 | Montreal, Canada | $16M | – | IT services for application modernization and development are offered. | |
| sierraatlantic.com | 1993 | Newark, United States | $17.4M | 139 | Offshore enterprise application development and IT consulting services are provided. | |
| glowtouch.com | 2002 | Louisville, United States | – | 2,269 | Technology services are provided to mid-sized businesses across multiple regions. | |
| brightspot.com | 2008 | Reston, United States | $22M | – | CMS solutions for digital publishers are provided and managed. | |
| sylogist.com | 1993 | Calgary, Canada | – | – | Software solutions are delivered to public sector and business clients. |
Detailed competitors of IT Grids
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.
Top companies in PC Software
10 companies that operate in the same segment as IT Grids (PC Software), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Facilities management and offender management services are provided. | 1975 | St. Louis, Missouri, United States | – | – | – | |
Provision of EV chargers and charging management software solutions. | – | Gurugram, Haryana, India | – | USD 64.21 M | 730 | |
IT solutions and digital transformation services are provided across industries. | 1999 | Madison Heights, Michigan, United States | – | USD 114.58 | – | |
Cloud computing, software development, and payroll services for businesses. | 2004 | Hyderabad, Telangana, India | – | USD 14.93 M | 147 | |
Provides specialized services for developing custom software solutions. | 2019 | Ahmedabad, Gujarat, India | – | USD 29.36 K | – | |
Offers an app-based platform for photo editing services. | 2019 | Kolkata, West Bengal, India | – | – | – | |
Workflows for executive assistants are streamlined by productivity software. | 2013 | Redwood City, California, United States | USD 12.72 M | – | – | |
Provides a secure private folder app for protecting personal data on mobile devices. | 2014 | Sirsa, Haryana, India | – | – | – | |
Offers a mobile-based point-of-sale solution for efficient business transactions. | 2013 | Gurugram, Haryana, India | – | USD 574.42 K | 10 | |
Offers IT solutions including web development, mobile apps, and digital marketing services. | 2009 | Ahmedabad, Gujarat, India | – | – | – |
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
Related news about It Grids
Complete news archive for IT Grids
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about IT Grids
IT Grids was founded in 2008.
IT Grids is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
The primary company behind IT Grids, It Grids (India) Private Limited, reported revenue of ₹1.45 Cr for FY 2018, up 3% year on year.
IT Grids, established in 2008, excels in leveraging cutting-edge technology, information technology, creating custom software solutions, and custom solutions. Provides custom software development services tailored to client needs. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
IT Grids's top competitors include Hedgehog lab, AlmavivA and AKQA.
IT Grids operates through It Grids (India) Private Limited.
The legal entities of IT Grids currently have 2 directors, including Ashok Dakavaram, Dakavaram Srilakshmi Kumari.