About Microturn
Microturn is a Technology company based in Parsippany Troy Hills (United States) founded in 2010, and was acquired by Mekoprint in September 2022. ERP, mobile applications, big data, and related services are provided. Its Indian entity Microturn It Services Private Limited reported revenue of ₹16.2 Lakh. Microturn offers products and services including IT Solutions, ERP Solutions, RFID and GPS Solutions, and School MIS. Its focus areas include Business Services, IT Services and Suite. Its competitors include 1&1 IONOS, Genpact and Epam; 1 of its 3 listed competitors has raised funding.
Company details
Microturn was founded in 2010 and operates as a provider of enterprise resource planning (ERP) systems, mobile application development, big data solutions, and additional IT services. Based in Parsippany Troy Hills, United States, the company focuses on technology sectors, delivering these offerings to support business operations and data management needs across various industries. Operations are centered on software and digital services without specified international expansions.
- Headquarters Parsippany Troy Hills, United States
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website microturn.com
- Acquired by Mekoprint (Sep 2022)
- Legal Name Microturn It Services Private Limited
- Date of Incorporation 28 Oct, 2011
- Jurisdiction Chennai, Tamil Nadu, India
Associated legal entities of Microturn
Microturn operates through Microturn It Services 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 |
|---|---|---|---|---|---|---|---|
| Microturn It Services Private Limited CIN U72900TN2011PTC082924 | Active | 28 Oct 2011 | Chennai, Tamil Nadu | ₹0.2 Cr | 2 | View details |
Products & Services of Microturn
Microturn offers a comprehensive portfolio of products and services, including IT Solutions, ERP Solutions, RFID and GPS Solutions, and School MIS.
Develops mobile and big data solutions for various clients.
Manages enterprise resource planning for organizations.
Provides radio frequency identification for asset tracking.
Handles school management information systems efficiently.
Investors in Microturn
Microturn has secured backing from 1 investor. Prominent investors backing the company include Mekoprint.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Electromechanical solutions including enclosures and cable harnesses. | mekoprint.com |
Investor details for Microturn
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Board of directors of Microturn It Services Private Limited (Microturn)
Microturn It Services Private Limited is the primary company behind Microturn. The board of Microturn It Services Private Limited currently have 2 directors; the longest-serving is Karuppannaudayar Panneerselvam, appointed in 2011. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Karuppannaudayar Panneerselvam DIN 03615366 | Director | 28 Oct 2011 | 14 yrs 11 mo | Microturn It Services Private Limited |
| Premkumar Veluchamy DIN 08531081 | Director | 09 Aug 2019 | 7 yrs 2 mo | Microturn It Services Private Limited |
Financials of Microturn
Figures of Microturn It Services Private Limited, the primary company behind Microturn, for FY 2024. Revenue was ₹16.2 Lakh (-13% year on year). Net loss was -₹39,610 (-2% margin). EBITDA was -₹35,410 (-2% margin). Revenue has grown at a compounded annual rate of +14% over three years and 0% over five years.
- ₹16.2 LakhRevenue · FY 2024 · -13% YoY
- -₹39,610Net loss · -2% margin
- -₹35,410EBITDA · -2% margin
- ₹1 LakhPaid-up capital
- +14%Revenue CAGR, 3 years
- 0%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Microturn It Services Private Limited are on its company page.
Detailed financial statements for Microturn
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Timeline of Microturn
2 dated milestones of Microturn across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Microturn is founded.
- Exit Acquired by Mekoprint.
Competitors of Microturn
Microturn has 3 listed competitors in our database, 1 of them funded. They include 1&1 IONOS, Genpact and Epam.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ionos.com | 1988 | Chesterbrook, United States | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | ||
| genpact.com | 1997 | New York, United States | 129,140 | Provider of end-to-end business process outsourcing services | ||
| epam.com | 1993 | Newtown Square, United States | $50M | Provider of software development, data analytics, and other IT suite services |
Detailed competitors of Microturn
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Top companies in IT Services & Operations
3 companies that operate in the same segment as Microturn (IT Services & Operations) in United States, 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 |
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Related news about Microturn
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Frequently Asked Questions about Microturn
Microturn was founded in 2010.
Microturn is headquartered in Parsippany Troy Hills, United States. It is registered at Parsippany Troy Hills, New Jersey, United States.
The primary company behind Microturn, Microturn It Services Private Limited, reported revenue of ₹16.2 Lakh for FY 2024, down 13% year on year.
Microturn was founded in 2010 and operates as a provider of enterprise resource planning (ERP) systems, mobile application development, big data solutions, and additional IT services. Based in Parsippany Troy Hills, United States, the company focuses on technology sectors, delivering these offerings to support business operations and data management needs across various industries. Operations are centered on software and digital services without specified international expansions.
Microturn offers IT Solutions, ERP Solutions, RFID and GPS Solutions, and School MIS.
Microturn has 1 investor. Key investors include Mekoprint.
Microturn operates through Microturn It Services Private Limited.
Yes. Microturn was acquired by Mekoprint in September 2022.
The legal entities of Microturn currently have 2 directors, including Premkumar Veluchamy, Karuppannaudayar Panneerselvam.