About Locusnine
Locusnine is a Technology company based in Pune (India) founded in 2018 by Kaustubh Patki, Amol Hadkar, Sumit Maingi, and Paritosh Chhibber, and was acquired by VERTO in August 2022. IT service suites and diversified digital marketing solutions are provided. The company has 33 employees. Its chief executive, as recorded, is Paritosh Chhibber. Its Indian entity Locusnine Innovations Private Limited reported revenue of ₹14.74 Cr. Its focus areas include Business Services, IT Services and Suite. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
Locusnine was founded in 2018 and is based in Pune, India. Operations focus on the IT and digital marketing sectors, where comprehensive service suites are delivered alongside varied marketing solutions. Core activities encompass software development, web services, and online promotion strategies tailored for businesses. The company is led by a team of co-founders with expertise in technology and management, supporting regional and global clients through its domain at locusnine.com.
- Headquarters Pune, India
- Employees 33
- Founders Kaustubh Patki, Amol Hadkar, Sumit Maingi, Paritosh Chhibber
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website locusnine.com
- Social LinkedIn X Facebook
- Acquired by VERTO (Aug 2022)
- Legal Name Locusnine Innovations Private Limited
- Date of Incorporation 07 Nov, 2019
- Jurisdiction Pune, Maharashtra, India
Associated legal entities of Locusnine
Locusnine operates through Locusnine Innovations 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 |
|---|---|---|---|---|---|---|---|
| Locusnine Innovations Private Limited CIN U72100PN2019PTC187660 | Active | 07 Nov 2019 | Pune, Maharashtra | ₹14.7 Cr | 33 | 2 | View details |
Investors in Locusnine
Locusnine has secured backing from 1 investor. Prominent investors backing the company include VERTO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cross-border payments and foreign exchange solutions are provided to businesses. | 2017 | vertofx.com | Palo Alto, United States |
Investor details for Locusnine
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Board of directors of Locusnine Innovations Private Limited (Locusnine)
Locusnine Innovations Private Limited is the primary company behind Locusnine. The board of Locusnine Innovations Private Limited currently have 2 directors; the longest-serving is Kaustubh Govind Patki, appointed in 2021. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kaustubh Govind Patki DIN 08184215 | Director | 25 Feb 2021 | 5 yrs 8 mo | Locusnine Innovations Private Limited |
| Olalekan Oduwole DIN 09611581 | Director | 01 Jul 2022 | 4 yrs 4 mo | Locusnine Innovations Private Limited |
People of Locusnine
4 people are tracked at Locusnine (4 in leadership); the tracked headcount is 33.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Locusnine
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Financials of Locusnine
Figures of Locusnine Innovations Private Limited, the primary company behind Locusnine, for FY 2024. Revenue was ₹14.74 Cr (+39% year on year). Net profit was ₹1.94 Cr (13% margin). EBITDA was ₹2.84 Cr (19% margin). Revenue has grown at a compounded annual rate of +30% over three years.
- ₹14.74 CrRevenue · FY 2024 · +39% YoY
- ₹1.94 CrNet profit · 13% margin
- ₹2.84 CrEBITDA · 19% margin
- ₹1.1 LakhPaid-up capital
- 33Employees (provident fund records)
- +30%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Locusnine Innovations Private Limited are on its company page.
Detailed financial statements for Locusnine
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Timeline of Locusnine
2 dated milestones of Locusnine across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Locusnine is founded.
- Exit Acquired by VERTO.
Competitors of Locusnine
Locusnine has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed competitors of Locusnine
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Related news about Locusnine
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Frequently Asked Questions about Locusnine
Locusnine was founded in 2018.
Locusnine is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Paritosh Chhibber is the CEO of Locusnine, as recorded in our data. They have also founded this company.
Locusnine has 33 employees.
The primary company behind Locusnine, Locusnine Innovations Private Limited, reported revenue of ₹14.74 Cr for FY 2024, up 39% year on year.
Locusnine was founded in 2018 and is based in Pune, India. Operations focus on the IT and digital marketing sectors, where comprehensive service suites are delivered alongside varied marketing solutions. Core activities encompass software development, web services, and online promotion strategies tailored for businesses. The company is led by a team of co-founders with expertise in technology and management, supporting regional and global clients through its domain at locusnine.com.
Locusnine's top competitors include Happiest Minds and Datamatics.
Locusnine has 1 investor. Key investors include VERTO.
Locusnine operates through Locusnine Innovations Private Limited.
Yes. Locusnine was acquired by VERTO in August 2022.
The legal entities of Locusnine currently have 2 directors, including Kaustubh Govind Patki, Olalekan Oduwole.