About Mantra Softech
Mantra Softech is an Industrial Goods & Manufacturing company based in Ahmedabad (India) founded in 2006 by Bhavyen Bhandari and Hiren Bhandari. Biometrics-based security and surveillance solutions are offered globally. It operates in the Industrial Goods & Manufacturing, Financial Services, and Technology sectors. Mantra Softech has raised $14.16 million across 3 funding rounds from investors including Lata Bharat Sanghvi, Hiren Bhandari and Bharat R Sanghvi. The company has 505 employees. Mantra Softech was last valued at $208.73 thousand in May 2009. Its chief executive, as recorded, is Hiren Bhandari. Its website mantratec.com draws about 371 thousand monthly visits. Its Indian entity Mantra Softech (India) Private Limited reported revenue of ₹424 Cr. Mantra Softech offers products and services including Fingerprint Scanner, IRIS Sensor, Access Control System, and Face Recognition Device. Its focus areas include High Tech, Security & Surveillance Technology, PIAM and Biometrics System.
Company details
Founded in 2006 in Ahmedabad, India, Mantra Softech operates in the biometrics and RFID sector. Products such as fingerprint sensors, IRIS sensors, integrated devices, POS terminals, and financial systems are provided. Security solutions encompass access control, enterprise systems, smart city applications, and airport integrations, suitable for SMEs and large enterprises. Citizen identification systems and Aadhar-compatible biometrics are also supplied, with Android platform availability.
- Headquarters Ahmedabad, India
- Employees 505
- Founders Bhavyen Bhandari, Hiren Bhandari
- SectorsIndustrial Goods & ManufacturingFinancial Services Technology
- Website category Law and Government · Government
- Email••••••••
- Phone•••• ••••
- Website mantratec.com
- Social LinkedIn X Facebook
- Legal Name Mantra Softech (India) Private Limited
- Date of Incorporation 06 Apr, 2006
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹424 Cr
FY 2025 · +12% YoY
- Net Profit₹55.75 Cr
FY 2025 · 13% margin
- EBITDA₹90.55 Cr
FY 2025 · 21% margin
- Total Equity Funding$14.16M (USD)
in 3 rounds
- Latest Funding Round$14.09M (USD), Series A
Nov 2025
- InvestorsIndia SME Investments
& 3 more
- Employee Count505
Associated legal entities of Mantra Softech
Mantra Softech operates through Mantra Softech (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mantra Softech (India) Private Limited CIN U72200GJ2006PTC048092 | Active | 06 Apr 2006 | Ahmedabad, Gujarat | ₹424 Cr | 505 | 5 | View details |
Products & Services of Mantra Softech
Mantra Softech offers a comprehensive portfolio of products and services, including Fingerprint Scanner, IRIS Sensor, Access Control System, and Face Recognition Device.
Device for secure fingerprint authentication and verification
Sensor for iris-based identity recognition and access control
System for managing entry with biometric verification
Device for facial authentication in security applications
Funding Insights of Mantra Softech
Mantra Softech has successfully raised a total of $14.16M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $14.09 million completed in November 2025. 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 $14.16M
- Total Rounds 3
- Last Round Series A — $14.09M
- First Round $63,814
(Apr 2008)
- Investors Count 4
All 3 funding rounds of Mantra Softech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2025 | $14.09M | Series A | – | India SME Investments | – |
| May 2009 | Angel Round | $208,728 | Lata Bharat Sanghvi | ||
| Apr 2008 | $63,814 | Angel Round | $251,541 | Lata Bharat Sanghvi |
Last known valuation $208,728 (May 2009). 4 investors in total: 1 institutional and 3 angel.
Investors in Mantra Softech
Mantra Softech has secured backing from 4 investors, including angel and venture fund investors. Prominent investors backing the company include Lata Bharat Sanghvi, Hiren Bhandari and Bharat R Sanghvi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity fund focused on multiple sectors | indiasmeinvestments.com | |||
LB Lata Bharat Sanghvi | unknown_32f9daf4726841369 | |||
HB Hiren Bhandari | Angel investor and entrepreneur, focused on early-stage Indian startups | unknown_383ed0117fc84f518 | ||
BR Bharat R Sanghvi | unknown_9303cf19c58043119 |
Investor details for Mantra Softech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Mantra Softech (India) Private Limited (Mantra Softech)
Mantra Softech (India) Private Limited is the primary company behind Mantra Softech. The board of Mantra Softech (India) Private Limited currently have 4 directors; the longest-serving is Hiren Bhandari, appointed in 2006. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hiren Bhandari DIN 00466915 | Director | 06 Apr 2006 | 20 yrs 6 mo | Mantra Softech (India) Private Limited |
| Bhavyen Bhandari DIN 01971232 | Director | 06 Apr 2006 | 20 yrs 6 mo | Mantra Softech (India) Private Limited |
| Subhash Phoolchand Joshi DIN 07187385 | Director | 21 Jul 2025 | 1 yr 3 mo | Mantra Softech (India) Private Limited |
| Vishal Katkoria DIN 11251509 | Nominee Director | 17 Sep 2025 | 1 yr 1 mo | Mantra Softech (India) Private Limited |
People of Mantra Softech
2 people are tracked at Mantra Softech (2 in leadership); the tracked headcount is 505.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Mantra Softech
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- Team structure
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Verified entity values are shown only after access is granted.
Financials of Mantra Softech
Figures of Mantra Softech (India) Private Limited, the primary company behind Mantra Softech, for FY 2025. Revenue was ₹424 Cr (+12% year on year). Net profit was ₹55.75 Cr (13% margin). EBITDA was ₹90.55 Cr (21% margin). Revenue has grown at a compounded annual rate of +22% over three years.
- ₹424 CrRevenue · FY 2025 · +12% YoY
- ₹55.75 CrNet profit · 13% margin
- ₹90.55 CrEBITDA · 21% margin
- ₹16.73 CrPaid-up capital
- 505Employees (provident fund records)
- +22%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Mantra Softech (India) Private Limited are on its company page.
Detailed financial statements for Mantra Softech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Mantra Softech
3 dated milestones of Mantra Softech across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Mantra Softech is founded.
- Funding First funding round of $64K.
- Funding Latest funding round, Series A, of $14.1M.
Web traffic of Mantra Softech
The website of Mantra Softech (mantratec.com) receives about 371K visits a month and ranks #103,410 among all websites worldwide, #3,449 in Government.
- Monthly visits371K
▼ 24.1% vs previous month
- Unique visitors265.3K
per month
- Global rank#103,410
among all websites
- Category rank#3,449
Law and Government · Government
- Bounce rate65%
- Pages per visit2.6
- Average visit2 min 16 sec
- DevicesDesktop 69% · Mobile 31%
Websites whose visitors overlap most with Mantra Softech. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rdservice.in | 100% | #179,665 | View details | ||
| radiumbox.com | 91% | #299,553 | View details | ||
| rdservice.net | 80% | #980,211 | View details | ||
| onlinerdservice.com | 75% | 67K | #335,046 | View details | |
download.mantratecapp.com | download.mantratecapp.com | 74% | #443,521 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Mantra Softech
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Related news about Mantra Softech
Complete news archive for Mantra Softech
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Frequently Asked Questions about Mantra Softech
Mantra Softech was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Mantra Softech is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Hiren Bhandari is the CEO of Mantra Softech, as recorded in our data. They have also founded this company.
Mantra Softech is a funded company, having raised a total of $14.16M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $63.81K, raised on Apr 2008.
Mantra Softech has 505 employees.
The primary company behind Mantra Softech, Mantra Softech (India) Private Limited, reported revenue of ₹424 Cr for FY 2025, up 12% year on year.
Founded in 2006 in Ahmedabad, India, Mantra Softech operates in the biometrics and RFID sector. Products such as fingerprint sensors, IRIS sensors, integrated devices, POS terminals, and financial systems are provided. Security solutions encompass access control, enterprise systems, smart city applications, and airport integrations, suitable for SMEs and large enterprises. Citizen identification systems and Aadhar-compatible biometrics are also supplied, with Android platform availability.
Mantra Softech offers Fingerprint Scanner, IRIS Sensor, Access Control System, and Face Recognition Device.
Mantra Softech has 4 investors. Key investors include Lata Bharat Sanghvi, Hiren Bhandari, Bharat R Sanghvi, and India SME Investments.
The valuation of Mantra Softech is $208.73K as of May 2009.
Mantra Softech operates through Mantra Softech (India) Private Limited.
The legal entities of Mantra Softech currently have 5 directors, including Hiren Bhandari, Bhavyen Bhandari, Aarti Mahendrakumar Jain and others.