About Maven Systems
Maven Systems is a Business Services company based in Pune (India) founded in 2009, and was acquired by Moschip in September 2016. It operates as an ioT-based software platform for automated control of smart meters and street lights. It operates in the Business Services, Energy & Utilities, and Technology sectors. Its Indian entity Maven Systems Private Limited reported revenue of ₹2.63 Cr. The company was acqui-hired. Its focus areas include High Tech, Smart Cities, Smart Utilities and Diversified. Its competitors include Particle, Signify, Itron, Landis+Gyr and PowerSecure and 4 more; 4 of its 9 listed competitors have raised funding.
Company details
Maven Systems was founded in 2009 in Pune, India, focusing on the IoT sector. An IoT-based software platform is developed for automated control of smart meters and street lights. Product development services, IT services, and business solutions are provided, with expertise applied in hardware, BSP, embedded systems, mobile applications, and enterprise software. Operations are centered in the Indian technology landscape.
- Headquarters Pune, India
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities Technology
- Website mavensystems.com
- Social LinkedIn X Facebook
- Acquired by Moschip (Sep 2016)
- Legal Name Maven Systems Private Limited
- Date of Incorporation 21 Oct, 2009
- Jurisdiction Hyderabad, Telangana, India
Associated legal entities of Maven Systems
Maven Systems operates through Maven Systems Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Maven Systems Private Limited CIN U72900TG2009PTC146864 | Amalgamated | 21 Oct 2009 | Hyderabad, Telangana | ₹2.6 Cr | 2 | 5 | View details |
Investors in Maven Systems
Maven Systems has secured backing from 1 investor. Prominent investors backing the company include Moschip.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Semiconductor design service provider | 1999 | moschip.com | Hyderabad, India |
Investor details for Maven Systems
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Board of directors of Maven Systems Private Limited (Maven Systems)
Maven Systems Private Limited is the primary company behind Maven Systems. The board of Maven Systems Private Limited currently have 5 directors; the longest-serving is Suresh Bachalakura, appointed in 2018. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Suresh Bachalakura DIN 08077526 | Director | 20 Apr 2018 | 8 yrs 6 mo | Maven Systems Private Limited |
| Suresh Mudhunuri DIN 08077539 | Director | 20 Apr 2018 | 8 yrs 6 mo | Maven Systems Private Limited |
| Jayaram Susarla DIN 08077540 | Director | 20 Apr 2018 | 8 yrs 6 mo | Maven Systems Private Limited |
| Pradeep Chandra Kathi DIN 05345536 | Director | 13 Aug 2019 | 7 yrs 2 mo | Maven Systems Private Limited |
| Venkata Sudhakar Simhadri DIN 01883241 | Director | 26 Sep 2019 | 7 yrs | Maven Systems Private Limited |
Financials of Maven Systems
Figures of Maven Systems Private Limited, the primary company behind Maven Systems, for FY 2021. Revenue was ₹2.63 Cr (-80% year on year). Net loss was -₹5.32 Cr (-202% margin). EBITDA was -₹1.27 Cr (-48% margin). Revenue has grown at a compounded annual rate of -9% over five years.
- ₹2.63 CrRevenue · FY 2021 · -80% YoY
- -₹5.32 CrNet loss · -202% margin
- -₹1.27 CrEBITDA · -48% margin
- ₹1 LakhPaid-up capital
- 2Employees (provident fund records)
- -9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Maven Systems Private Limited are on its company page.
Detailed financial statements for Maven Systems
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Timeline of Maven Systems
2 dated milestones of Maven Systems across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Maven Systems is founded.
- Exit Acquired by Moschip.
Competitors of Maven Systems
Maven Systems has 9 listed competitors in our database, 4 of them funded. They include Particle, Signify, Itron, Landis+Gyr and PowerSecure, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| signify.com | 1891 | Eindhoven, Netherlands | – | – | Signify is recognized as a global leader in lighting solutions. | |
| itron.com | 1977 | Liberty Lake, United States | – | 5,859 | Cloud-based end-to-end solutions for smart grids are provided. | |
| landisgyr.com | 1896 | Zug, Switzerland | $1.03B | 996 | End-to-end energy management solutions are provided for utilities worldwide. | |
| powersecure.com | 1991 | Wake Forest, United States | – | 1,030 | Energy efficiency and smart grid management solutions | |
| span.io | 2014 | San Francisco, United States | $255.56M | – | Smart panels for home energy management are provided by Span.IO. | |
| osram.com | 1919 | Munich, Germany | – | 13 | Automotive lighting equipment is manufactured by Osram in Germany. | |
| nanoleaf.me | 2012 | Toronto, Canada | $2.9M | 94 | Energy-efficient smart lightbulbs are developed by Nanoleaf. | |
| resideo.com | 2018 | Wilmington, United States | – | 293 | Smart home products for security and energy efficiency are provided. |
Detailed competitors of Maven Systems
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Web traffic of Maven Systems
Websites that share an audience with Maven Systems (mavensystems.com).
Websites whose visitors overlap most with Maven Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
zigbee.org | zigbee.org | 100% | – | – | – |
| mobifilia.com | 66% | 3.5K | #4,489,286 | View details | |
| bench.com | 65% | 49.4K | #830,321 | View details | |
| 3amsystems.com | 63% | – | #9,378,441 | View details | |
| serialsystem.com | 61% | 16.4K | #1,473,186 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Maven Systems
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Top companies in Facility Management Platforms
10 companies that operate in the same segment as Maven Systems (Facility Management Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | – | 2,458 | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | – | 463 | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based video intercoms and physical security systems are provided. | 2000 | Tysons, Virginia, United States | USD 137.36 M | USD 1.01 B | 2,009 | |
Provider of interior design, product supply, and project management services for facilities | 2011 | Mumbai, Maharashtra, India | USD 21.3 M | USD 10.46 M | 292 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Corporate workplace and cafeteria digitization solutions are provided. | 2014 | Bengaluru, Karnataka, India | USD 2.24 M | USD 24.03 M | 594 | |
Cloud and app-based facility management and service automation platform | 1999 | New York, New York, United States | USD 54 M | – | – | |
SaaS-based CAFM software is delivered for commercial facility management. | 1995 | Leicester, England, United Kingdom | USD 23.43 M | USD 98.38 M | 774 |
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Related news about Maven Systems
Complete news archive for Maven Systems
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Frequently Asked Questions about Maven Systems
Maven Systems was founded in 2009.
Maven Systems is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
The primary company behind Maven Systems, Maven Systems Private Limited, reported revenue of ₹2.63 Cr for FY 2021, down 80% year on year.
Maven Systems was founded in 2009 in Pune, India, focusing on the IoT sector. An IoT-based software platform is developed for automated control of smart meters and street lights. Product development services, IT services, and business solutions are provided, with expertise applied in hardware, BSP, embedded systems, mobile applications, and enterprise software. Operations are centered in the Indian technology landscape.
Maven Systems's top competitors include Particle, Landis+Gyr and Signify.
Maven Systems has 1 investor. Key investors include Moschip.
Maven Systems operates through Maven Systems Private Limited.
Yes. Maven Systems was acquired by Moschip in September 2016.
The legal entities of Maven Systems currently have 5 directors, including Suresh Bachalakura, Suresh Mudhunuri, Jayaram Susarla and others.