About MeritTrac
MeritTrac is a Technology company based in Bengaluru (India) founded in 2000 by Madan Padaki, and was acquired by Manipal Group in May 2007. Assessment solutions are provided for enterprises and educational institutions. MeritTrac has raised $7.67 million across 2 funding rounds from investors including Manipal Group. The company has 164 employees. MeritTrac was last valued at $8.52 million in May 2007. Its chief executive, as recorded, is Sujatha Kumaraswamy.. Its website merittrac.com draws about 46 thousand monthly visits. Its Indian entity Merittrac Services Private Limited reported revenue of ₹50.88 Cr. MeritTrac offers products and services including TalentNext, MeritTrac Pariksha, Remote Proctoring, and SpeechTrac. Its focus areas include Enterprise Applications, HRTech, Applicant Tracking System and Assessment Platform.
Company details
MeritTrac was founded in 2000 and is based in Bengaluru, India. Operations focus on the assessment sector, where services are extended to enterprises for talent acquisition and skills development through recruitment tools, psychometric tests, and evaluations. Educational institutions receive examination management, remote proctoring, and digital platforms. AI-driven systems are employed to handle secure delivery, spanning test design, execution, reporting, and analytics across the lifecycle.
- Headquarters Bengaluru, India
- Employees 164
- Founders Madan Padaki
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website merittrac.com
- Social LinkedIn X Facebook YouTube
- Acquired by Manipal Group (May 2007)
- Legal Name Merittrac Services Private Limited
- Date of Incorporation 04 Aug, 2000
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹50.88 Cr
FY 2025 · -8% YoY
- Net Loss-₹5.06 Cr
FY 2025 · -10% margin
- EBITDA₹3.99 Cr
FY 2025 · 8% margin
- Total Equity Funding$7.67M (USD)
in 2 rounds
- Latest Funding Round$4.06M (USD), Series A
May 2007
- Investors
- Employee Count164
- Acquired byManipal Group
(May 2007)
Associated legal entities of MeritTrac
MeritTrac operates through Merittrac Services 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 |
|---|---|---|---|---|---|---|---|
| Merittrac Services Private Limited CIN U74140KA2000PTC027573 | Active | 04 Aug 2000 | Bengaluru, Karnataka | ₹50.9 Cr | 164 | 4 | View details |
Products & Services of MeritTrac
MeritTrac offers a comprehensive portfolio of products and services, including TalentNext, MeritTrac Pariksha, Remote Proctoring, and SpeechTrac.
Software for streamlining recruitment and talent acquisition processes
System for online exams, proctoring, and digital evaluations
AI-driven tool for secure remote assessment monitoring
Platform for evaluating communication and behavioral skills
Apps and channels of MeritTrac
its YouTube channel MeritTrac Services Assessment Services has 625 subscribers and 30 videos.
Videos from MeritTrac
The most watched videos on MeritTrac's YouTube channel, MeritTrac Services Assessment Services (625 subscribers). Click a video to play it here.
Funding Insights of MeritTrac
MeritTrac has successfully raised a total of $7.67M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.06 million completed in May 2007. 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 $7.67M
- Total Rounds 2
- Last Round Series A — $4.06M
- First Round $3.6M
(Nov 2005)
All 2 funding rounds of MeritTrac 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 |
|---|---|---|---|---|---|
| May 2007 | $4.06M | Series A | $8.52M | – | – |
| Nov 2005 | $3.6M | Series A | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2007 | $8.52M | •••••••• |
Last known valuation $8.52M (May 2007). 1 investors in total: 1 institutional.
Investors in MeritTrac
MeritTrac has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Manipal Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Education, healthcare, insurance, and research services are provided globally. | 1993 | manipalgroup.com | Bengaluru, India |
Investor details for MeritTrac
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Merittrac Services Private Limited (MeritTrac)
Merittrac Services Private Limited is the primary company behind MeritTrac. The board of Merittrac Services Private Limited currently have 4 directors; the longest-serving is Vaitheeswaran Seetharaman, appointed in 2011. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vaitheeswaran Seetharaman DIN 01814726 | Director | 30 Sep 2011 | 15 yrs 1 mo | Merittrac Services Private Limited |
| Rajesh Krishnaswamy Moorti DIN 01480683 | Director | 01 Nov 2020 | 6 yrs | Merittrac Services Private Limited |
| Ambrish Sinha DIN 08966481 | Director | 20 Nov 2020 | 5 yrs 11 mo | Merittrac Services Private Limited |
| Komarapuram Parameswaran Manjunath DIN 11383420 | Additional Director | 19 Nov 2025 | 11 mo | Merittrac Services Private Limited |
People of MeritTrac
33 people are tracked at MeritTrac (10 in leadership, 23 in team); the tracked headcount is 164.
| Name | Role | Group |
|---|---|---|
Sujatha Kumaraswamy. | CEO | Leadership |
| Founder | Leadership | |
Prashanth Anantharaman | Head - International Business | Leadership |
Saritha Vijayanagar | Head - Delivery and Operations | Leadership |
M K N Prasad | General Manager - Delivery | Leadership |
Santhosh Kumar Shetty | Assistant Director - Delivery And Operations | Leadership |
Neelu Young | Director, Delivery And Operations | Leadership |
Naveen Hinduja | Head - Enterprise Business | Leadership |
Sasikiran Boddapati | Director - Products & Applications | Leadership |
Varun Sharma | Regional Head - Corporate Sales | Leadership |
Vinay Jagadish | Qa, Project And Product - Merittrac Services | Team |
Manoj Kumar | Assistant Manager - Inside Sales | Team |
Naveen M | Ops | Team |
Chanchal Singh | Assistant Manager | Team |
Prabhu Ashish Mohapatra | Deputy Manager - Delivery & Operations | Team |
Balpreet Singh | Manager - Delivery And Operations | Team |
Bidhan Roy | Sr. Manager - Sales | Team |
Arun Swain | Deputy Manager- Delivery And Operations | Team |
Kushal Shukla | Operations Manager | Team |
Shenthil Rajagopal | Corporate Delivery Manager | Team |
13 more people are available in the full profile.
Complete people profiles for MeritTrac
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of MeritTrac
Figures of Merittrac Services Private Limited, the primary company behind MeritTrac, for FY 2025. Revenue was ₹50.88 Cr (-8% year on year). Net loss was -₹5.06 Cr (-10% margin). EBITDA was ₹3.99 Cr (8% margin). Revenue has grown at a compounded annual rate of -10% over three years and -3% over five years.
- ₹50.88 CrRevenue · FY 2025 · -8% YoY
- -₹5.06 CrNet loss · -10% margin
- ₹3.99 CrEBITDA · 8% margin
- ₹5.7 LakhPaid-up capital
- 164Employees (provident fund records)
- -10%Revenue CAGR, 3 years
- -3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Merittrac Services Private Limited are on its company page.
Detailed financial statements for MeritTrac
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of MeritTrac
5 dated milestones of MeritTrac across 7 years, from founding to its latest funding, stage changes and deals.
- Founded MeritTrac is founded.
- Funding First funding round of $3.6M.
- Funding Latest funding round, Series A, of $4.1M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Manipal Group.
Web traffic of MeritTrac
The website of MeritTrac (merittrac.com) receives about 45.9K visits a month.
- Monthly visits45.9K
▲ 397.4% vs previous month
Websites whose visitors overlap most with MeritTrac. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| speedhire.com | 100% | View details | |||
| neuroworx.io | 100% | 680.7K | #1,821,481 | View details | |
| quantmasters.in | 100% | 1.7K | #8,480,485 | View details | |
| topin.tech | 98% | 53.5K | #620,744 | View details | |
| interviewvector.com | 98% | 14.7K | #1,429,905 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for MeritTrac
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- 40 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
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Related news about Merittrac
Complete news archive for MeritTrac
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Frequently Asked Questions about MeritTrac
MeritTrac was founded in 2000 and raised its 1st funding round 5 years after it was founded.
MeritTrac is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sujatha Kumaraswamy. is the CEO of MeritTrac, as recorded in our data.
MeritTrac is a funded company, having raised a total of $7.67M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.6M, raised on Nov 2005.
MeritTrac has 164 employees.
The primary company behind MeritTrac, Merittrac Services Private Limited, reported revenue of ₹50.88 Cr for FY 2025, down 8% year on year.
MeritTrac was founded in 2000 and is based in Bengaluru, India. Operations focus on the assessment sector, where services are extended to enterprises for talent acquisition and skills development through recruitment tools, psychometric tests, and evaluations. Educational institutions receive examination management, remote proctoring, and digital platforms. AI-driven systems are employed to handle secure delivery, spanning test design, execution, reporting, and analytics across the lifecycle.
MeritTrac offers TalentNext, MeritTrac Pariksha, Remote Proctoring, and SpeechTrac.
MeritTrac has 1 investor. Key investors include Manipal Group.
The valuation of MeritTrac is $8.52M as of May 2007.
MeritTrac operates through Merittrac Services Private Limited.
Yes. MeritTrac was acquired by Manipal Group in May 2007.