About Lares IT Solutions
Lares IT Solutions is a Technology company based in Germantown (United States) founded in 2017. An IT consulting firm offering data science, architecture, project management, and cloud engineering services. It operates on a B2B model. The company has 5 employees. Its Indian entity Lares Global Limited reported revenue of ₹25.04 Cr. Its focus areas include IT Services, Consulting and Data Science and Cloud. Its competitors include 1&1 IONOS, Genpact and Epam; 1 of its 3 listed competitors has raised funding.
Company details
Lares IT Solutions operates with a B2B model, focusing on leveraging cutting-edge technology, providing IT services, offering consulting services, and data science and cloud. An IT consulting firm offering data science, architecture, project management, and cloud engineering services. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Germantown, United States
- Employees 5
- SectorsTechnology
- Website laresit.com
- Legal Name Lares Global Limited
- Date of Incorporation 30 Sep, 2008
- Jurisdiction Hyderabad, Telangana, India
- Indian entity revenue₹25.04 Cr
FY 2024 · +8% YoY
- Indian entity net profit₹16.5 Lakh
FY 2024 · 1% margin
- Indian entity EBITDA₹96.1 Lakh
FY 2024 · 4% margin
- Employee Count5
Associated legal entities of Lares IT Solutions
Lares IT Solutions operates through Lares Global 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 |
|---|---|---|---|---|---|---|---|
| Lares Global Limited CIN U72200TG2008PLC061255 | Active | 30 Sep 2008 | Hyderabad, Telangana | ₹25.0 Cr | 5 | 3 | View details |
Board of directors of Lares Global Limited (Lares IT Solutions)
Lares Global Limited is the primary company behind Lares IT Solutions. The board of Lares Global Limited currently have 3 directors; the longest-serving is Gundimeda Dinesh Kumar, appointed in 2015. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gundimeda Dinesh Kumar DIN 07418735 | Director | 16 May 2015 | 11 yrs 5 mo | Lares Global Limited |
| Namburu Narasimha Rao DIN 02260743 | Managing Director | 01 Aug 2016 | 10 yrs 2 mo | Lares Global Limited |
| Naga Babu Uppala DIN 09831485 | Director | 20 Mar 2023 | 3 yrs 7 mo | Lares Global Limited |
Financials of Lares IT Solutions
Figures of Lares Global Limited, the primary company behind Lares IT Solutions, for FY 2024. Revenue was ₹25.04 Cr (+8% year on year). Net profit was ₹16.5 Lakh (1% margin). EBITDA was ₹96.1 Lakh (4% margin). Revenue has grown at a compounded annual rate of +5% over three years and -8% over five years.
- ₹25.04 CrRevenue · FY 2024 · +8% YoY
- ₹16.5 LakhNet profit · 1% margin
- ₹96.1 LakhEBITDA · 4% margin
- ₹75 LakhPaid-up capital
- 5Employees (provident fund records)
- +5%Revenue CAGR, 3 years
- -8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Lares Global Limited are on its company page.
Detailed financial statements for Lares IT Solutions
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 Lares IT Solutions
Lares IT Solutions has 3 listed competitors in our database, 1 of them funded. They include 1&1 IONOS, Genpact and Epam.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ionos.com | 1988 | Chesterbrook, United States | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | ||
| genpact.com | 1997 | New York, United States | 129,140 | Provider of end-to-end business process outsourcing services | ||
| epam.com | 1993 | Newtown Square, United States | $50M | Provider of software development, data analytics, and other IT suite services |
Detailed competitors of Lares IT Solutions
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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Verified entity values are shown only after access is granted.
Top companies in Big Data & Cloud Infrastructure
3 companies that operate in the same segment as Lares IT Solutions (Big Data & Cloud Infrastructure) in United States, 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 database-as-a-service platform is provided for application development. | 2007 | New York, New York, United States | USD 311.32 M | USD 2.46 B | 8,070 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 |
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Frequently Asked Questions about Lares IT Solutions
Lares IT Solutions was founded in 2017.
Lares IT Solutions is headquartered in Germantown, United States.
Lares IT Solutions has 5 employees.
The primary company behind Lares IT Solutions, Lares Global Limited, reported revenue of ₹25.04 Cr for FY 2024, up 8% year on year.
Lares IT Solutions operates with a B2B model, focusing on leveraging cutting-edge technology, providing IT services, offering consulting services, and data science and cloud. An IT consulting firm offering data science, architecture, project management, and cloud engineering services. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Lares IT Solutions operates through Lares Global Limited.
The legal entities of Lares IT Solutions currently have 3 directors, including Namburu Narasimha Rao, Gundimeda Dinesh Kumar, Naga Babu Uppala.