About Magellanix
Magellanix is a Technology company based in Chennai (India) founded in 2014. It offers a suite of IT services and solutions. It operates on a B2B model. Its Indian entity Magellanix Technology Solutions Private Limited reported revenue of ₹50.4 Lakh. Its focus areas include Information Technology, IT Services and Suite Solutions. Similar companies include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture and 4 more; 3 of its 9 listed similar companies have raised funding.
Company details
Magellanix offers a suite of it services and solutions, focusing on leveraging cutting-edge technology, information technology, providing IT services, and suite solutions. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Chennai, India
- SectorsTechnology
- Website magellanix.com
- Social X
- Legal Name Magellanix Technology Solutions Private Limited
- Date of Incorporation 03 Mar, 2015
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹50.4 Lakh
FY 2023 · +150% YoY
- Net Profit₹14.3 Lakh
FY 2023 · 28% margin
- EBITDA₹22.5 Lakh
FY 2023 · 45% margin
Associated legal entities of Magellanix
Magellanix operates through Magellanix Technology Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Magellanix Technology Solutions Private Limited CIN U72900TN2015PTC099477 | Active | 03 Mar 2015 | Chennai, Tamil Nadu | ₹0.5 Cr | – | 2 | View details |
Board of directors of Magellanix Technology Solutions Private Limited (Magellanix)
Magellanix Technology Solutions Private Limited is the primary company behind Magellanix. The board of Magellanix Technology Solutions Private Limited currently have 2 directors; the longest-serving is Sridevi, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sridevi DIN 07060620 | Director | 03 Mar 2015 | 11 yrs 7 mo | Magellanix Technology Solutions Private Limited |
| Ramu Maheswaran DIN 07060595 | Managing Director | 03 Mar 2015 | 11 yrs 7 mo | Magellanix Technology Solutions Private Limited |
Financials of Magellanix
Figures of Magellanix Technology Solutions Private Limited, the primary company behind Magellanix, for FY 2023. Revenue was ₹50.4 Lakh (+150% year on year). Net profit was ₹14.3 Lakh (28% margin). EBITDA was ₹22.5 Lakh (45% margin). Revenue has grown at a compounded annual rate of +6% over three years and -11% over five years.
- ₹50.4 LakhRevenue · FY 2023 · +150% YoY
- ₹14.3 LakhNet profit · 28% margin
- ₹22.5 LakhEBITDA · 45% margin
- ₹1 LakhPaid-up capital
- +6%Revenue CAGR, 3 years
- -11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Magellanix Technology Solutions Private Limited are on its company page.
Detailed financial statements for Magellanix
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Similar companies to Magellanix
Magellanix has 9 listed similar companies in our database, 3 of them funded. They include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, 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 | – | 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. | |
| accenture.com | 1989 | Dublin, Ireland | – | 29 | IT and management consultancy services are provided globally. | |
| 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. | |
| 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 similar companies of Magellanix
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- Full competitor set
- Operating metrics
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Top companies in IT Services & Operations
10 companies that operate in the same segment as Magellanix (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 | 4,473 | |
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 | – | 1,898 | |
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 | 5,196 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | 7,596 | |
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 Magellanix
Magellanix was founded in 2014.
Magellanix is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
The primary company behind Magellanix, Magellanix Technology Solutions Private Limited, reported revenue of ₹50.4 Lakh for FY 2023, up 150% year on year.
Magellanix offers a suite of it services and solutions, focusing on leveraging cutting-edge technology, information technology, providing IT services, and suite solutions. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Magellanix's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Magellanix operates through Magellanix Technology Solutions Private Limited.
The legal entities of Magellanix currently have 2 directors, including Sridevi, Ramu Maheswaran.