About KonarkIt
KonarkIt is a company based in Mumbai (India) founded in 2019. It operates as a B2B. KonarkIt operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
- Headquarter Mumbai, India
- SectorsTechnology
- Website konarkit.in
- Legal Name Konark It Solutions Private Limited
- Date of Incorporation 23 Dec, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2.3 Lakh
FY 2024 · -70% YoY
- Net Loss-₹82,080
FY 2024 · -35% margin
- EBITDA-₹1 Lakh
FY 2024 · -44% margin
Associated legal entities of KonarkIt
KonarkIt operates through Konark It Solutions 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 |
|---|---|---|---|---|---|---|---|
| Konark It Solutions Private Limited CIN U74999MH2019PTC334853 | Active | 23 Dec 2019 | Mumbai, Maharashtra | ₹0.0 Cr | – | 3 | View details |
Board of directors of Konark It Solutions Private Limited (KonarkIt)
Konark It Solutions Private Limited is the primary company behind KonarkIt. The board of Konark It Solutions Private Limited currently have 3 directors; the longest-serving is Shankar Kalu Bamgude, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shankar Kalu Bamgude DIN 08646733 | Director | 23 Dec 2019 | 6 yrs 9 mo | Konark It Solutions Private Limited |
| Sandeep Dhondu Halde DIN 08646734 | Director | 23 Dec 2019 | 6 yrs 9 mo | Konark It Solutions Private Limited |
| Ramkrishana Laxman Dabade DIN 08636951 | Director | 23 Dec 2019 | 6 yrs 9 mo | Konark It Solutions Private Limited |
Financials of KonarkIt
Figures of Konark It Solutions Private Limited, the primary company behind KonarkIt, for FY 2024. Revenue was ₹2.3 Lakh (-70% year on year). Net loss was -₹82,080 (-35% margin). EBITDA was -₹1 Lakh (-44% margin). Revenue has grown at a compounded annual rate of -65% over three years.
- ₹2.3 LakhRevenue · FY 2024 · -70% YoY
- -₹82,080Net loss · -35% margin
- -₹1 LakhEBITDA · -44% margin
- ₹2 LakhPaid-up capital
- -65%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Konark It Solutions Private Limited are on its company page.
Detailed financial statements for KonarkIt
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- Statement rows
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Competitors of KonarkIt
KonarkIt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, 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 | $19.5M | 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. | |
| 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. | |
| girnarsoft.com | 2007 | Jaipur, India | $570.12M | 6,709 | Provider of website, web & mobile application development, BI, and digital marketing services | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| endava.com | 2000 | London, United Kingdom | – | 12,063 | Endava is engaged in digital transformation and AI-driven solutions. |
Detailed competitors of KonarkIt
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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Similar companies to KonarkIt
10 companies that operate in the same segment as KonarkIt (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 | 1,240 | |
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 | – | – | |
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 | 3,200 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | – | |
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 KonarkIt
KonarkIt was founded in 2019.
KonarkIt is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind KonarkIt, Konark It Solutions Private Limited, reported revenue of ₹2.3 Lakh for FY 2024, down 70% year on year.
KonarkIt, founded in 2019 in Mumbai, India, focuses on leveraging cutting-edge technology, providing IT services, providing software for education, and web and analytics development. Offers IT services, including ERP implementation, web development, and analytics solutions. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
KonarkIt's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
KonarkIt operates through Konark It Solutions Private Limited.
The legal entities of KonarkIt currently have 3 directors, including Shankar Kalu Bamgude, Sandeep Dhondu Halde, Ramkrishana Laxman Dabade.