About KRYFS
KRYFS is a company based in Mumbai (India) founded in 1993 by Saif Qureishi was acquired by Zetwerk in August 2025.. KRYFS has raised $22.67 million across 3 funding rounds from investors including Zetwerk, Reliance Capital and Toyota Tsusho. The company has 618 employees as of January 17, 2025. KRYFS offers products and services including CRGO Lamination and Transformers.
- Headquarter Mumbai, India
- Employees 618 as on 17 Jan, 2025
- Founders Saif Qureishi
- Stage Minicorn
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Sectors
Industrial Goods & ManufacturingEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Kryfs Power Components Ltd
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$114.37 M (USD)61.9as on Mar 31, 2023
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Net Profit
$5.3 M (USD)27.24as on Mar 31, 2023
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EBITDA
$9.64 M (USD)52.47as on Mar 31, 2023
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Total Equity Funding
$22.67 M (USD)
in 3 rounds
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Latest Funding Round
$4.76 M (USD), Unspecified
Nov 20, 2013
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Investors
Zetwerk
& 2 more
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Employee Count
618
as on Jan 17, 2025
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Acquired by
Zetwerk
(Aug 12, 2025)
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Products & Services of KRYFS
KRYFS offers a comprehensive portfolio of products and services, including CRGO Lamination and Transformers. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
CRGO laminations are produced for transformers ranging from 11 KV to 1200 KV class, including slit coils and assembled cores up to 50 MT
Transformers are manufactured for distribution and medium power applications up to 10 MVA and 33 KV class, along with core and coil assemblies
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Funding Insights of KRYFS
KRYFS has successfully raised a total of $22.67M across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $4.76 million completed in November 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Unspecified — $4.8M
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First Round
First Round
(04 Dec 2006)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2013 | Amount | Unspecified - KRYFS | Valuation | Toyota Tsusho |
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| May, 2012 | Amount | Unspecified - KRYFS | Valuation | Toyota Tsusho |
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| Dec, 2006 | Amount | Unspecified - KRYFS | Valuation | Reliance Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in KRYFS
KRYFS has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Zetwerk, Reliance Capital and Toyota Tsusho. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Trading services in metals, parts, logistics, and automobiles are provided.
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Founded Year | Domain | Location | |
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Financial services including loans, insurance, and asset management are provided.
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Founded Year | Domain | Location | |
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Manufacturing solutions are provided for industrial and consumer sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by KRYFS
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - KRYFS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kryfs Comparisons
Competitors of KRYFS
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about KRYFS
When was KRYFS founded?
KRYFS was founded in 1993 and raised its 1st funding round 13 years after it was founded.
Where is KRYFS located?
KRYFS is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of KRYFS?
Saif Qureishi is the current CEO of KRYFS. They have also founded this company.
Is KRYFS a funded company?
KRYFS is a funded company, having raised a total of $22.67M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $10.07M, raised on Dec 04, 2006.
How many employees does KRYFS have?
As of Jan 17, 2025, the latest employee count at KRYFS is 618.
What is the annual revenue of KRYFS?
Annual revenue of KRYFS is $114.37M as on Mar 31, 2023.
What does KRYFS do?
KRYFS was established in 1993 in Mumbai, India, by Saif Qureishi, who serves as founder, managing director, and CEO. Operations focus on the production of single-phase and three-phase transformers within the electrical equipment sector. Manufacturing activities are centered in Mumbai, supporting industrial and commercial applications across India. The company maintains a specialized role in transformer design and assembly, adhering to standard industry specifications.
What products or services does KRYFS offer?
KRYFS offers CRGO Lamination and Transformers.
Who are KRYFS's investors?
KRYFS has 3 investors. Key investors include Zetwerk, Reliance Capital, and Toyota Tsusho.
What is KRYFS's valuation?
The valuation of KRYFS is $80.06M as of Nov 2013.