About Mytek Innovations
Mytek Innovations is a Real Estate & Construction company based in Navi Mumbai (India) founded in 2020 by Ashwajeet Wankhede and Shivkumar Borade. AI is applied to automate infrastructure and engineering projects. It operates on a AI-as-a-Service model in Real Estate & Construction and Technology sectors. The company has 25 employees. Its website mytek.in draws about 10 thousand monthly visits. Its Indian entity Mytek Innovations Private Limited reported revenue of ₹17.34 Cr. Mytek Innovations offers products and services including AI-Powered Infrastructure Platform. Its focus areas include Artificial Intelligence and AI Platforms.
Company details
Mytek Innovations is engaged in developing AI-powered platforms for infrastructure and engineering sectors. Solutions are provided to optimize processes and enhance efficiency through advanced technology. The company operates within the intersection of artificial intelligence and industrial applications.
- Headquarters Navi Mumbai, India
- Employees 25
- Founders Ashwajeet Wankhede, Shivkumar Borade
- SectorsReal Estate & ConstructionTechnology
- Email••••••••
- Phone•••• ••••
- Website mytek.in
- Social LinkedIn X Facebook Instagram
- Legal Name Mytek Innovations Private Limited
- Date of Incorporation 28 Jan, 2020
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹17.34 Cr
FY 2025 · +68% YoY
- Net Profit₹67.2 Lakh
FY 2025 · 4% margin
- EBITDA₹1.57 Cr
FY 2025 · 9% margin
- Latest Funding Round$715.08K (USD), Debt – Conventional
Sep 2024
- Employee Count25
Associated legal entities of Mytek Innovations
Mytek Innovations operates through Mytek Innovations 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 |
|---|---|---|---|---|---|---|---|
| Mytek Innovations Private Limited CIN U72900MH2020PTC336770 | Active | 28 Jan 2020 | Thane, Maharashtra | ₹17.3 Cr | 25 | 2 | View details |
Products & Services of Mytek Innovations
Mytek Innovations offers a comprehensive portfolio of products and services, including AI-Powered Infrastructure Platform.
AI-driven platform for infrastructure and engineering solutions.
Apps and channels of Mytek Innovations
Mytek Innovations publishes 2 mobile apps with over 600 downloads.
Funding Insights of Mytek Innovations
- Total Rounds 1
- Last Round Debt – Conventional — $715,080
- First Round $715,080
(Sep 2024)
All 1 funding rounds of Mytek Innovations 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 |
|---|---|---|---|---|---|
| Sep 2024 | $715,080 | Debt – Conventional | – | – | – |
Board of directors of Mytek Innovations Private Limited (Mytek Innovations)
Mytek Innovations Private Limited is the primary company behind Mytek Innovations. The board of Mytek Innovations Private Limited currently have 2 directors; the longest-serving is Shivkumar Anil Borade, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shivkumar Anil Borade DIN 03268412 | Director | 28 Jan 2020 | 6 yrs 9 mo | Mytek Innovations Private Limited |
| Ashwajit Pandit Wankhede DIN 08982658 | Director | 03 Dec 2020 | 5 yrs 11 mo | Mytek Innovations Private Limited |
People of Mytek Innovations
2 people are tracked at Mytek Innovations (2 in leadership); the tracked headcount is 25.
| Name | Role | Group |
|---|---|---|
Ashwajeet Wankhede | Co-Founder & Director | Leadership |
| Co-Founder & CMD | Leadership |
Complete people profiles for Mytek Innovations
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Financials of Mytek Innovations
Figures of Mytek Innovations Private Limited, the primary company behind Mytek Innovations, for FY 2025. Revenue was ₹17.34 Cr (+68% year on year). Net profit was ₹67.2 Lakh (4% margin). EBITDA was ₹1.57 Cr (9% margin). Revenue has grown at a compounded annual rate of +147% over three years.
- ₹17.34 CrRevenue · FY 2025 · +68% YoY
- ₹67.2 LakhNet profit · 4% margin
- ₹1.57 CrEBITDA · 9% margin
- ₹2.25 CrPaid-up capital
- 25Employees (provident fund records)
- +147%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Mytek Innovations Private Limited are on its company page.
Detailed financial statements for Mytek Innovations
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of Mytek Innovations
2 dated milestones of Mytek Innovations across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Mytek Innovations is founded.
- Funding First funding round of $715K.
Web traffic of Mytek Innovations
The website of Mytek Innovations (mytek.in) receives about 10.2K visits a month.
- Monthly visits10.2K
▼ 9.4% vs previous month
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Related news about Mytek Innovations
Complete news archive for Mytek Innovations
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Frequently Asked Questions about Mytek Innovations
Mytek Innovations was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Mytek Innovations is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.
Mytek Innovations has 25 employees.
The primary company behind Mytek Innovations, Mytek Innovations Private Limited, reported revenue of ₹17.34 Cr for FY 2025, up 68% year on year.
Mytek Innovations is engaged in developing AI-powered platforms for infrastructure and engineering sectors. Solutions are provided to optimize processes and enhance efficiency through advanced technology. The company operates within the intersection of artificial intelligence and industrial applications.
Mytek Innovations offers AI-Powered Infrastructure Platform.
Mytek Innovations operates through Mytek Innovations Private Limited.
The legal entities of Mytek Innovations currently have 2 directors, including Ashwajit Pandit Wankhede, Shivkumar Anil Borade.
Yes. Mytek Innovations publishes Mytek- Contractor App and 1 more app, with over 600 downloads.