About NextFirst
NextFirst is an Industrial Goods & Manufacturing company based in Bengaluru (India) founded in 2004 by Veena Radhakrishna and Jayendran Balasubramanian. Customized automation solutions are provided for various industries. NextFirst has raised $1.2 million across 3 funding rounds from investors including Shrinivas G Shirgurkar, Benedict Machado and Srikanth Chandrasekaran. The company has 43 employees. NextFirst was last valued at $3.12 million in January 2021. Its chief executive, as recorded, is Jayendran Balasubramanian. Its Indian entity Nextfirst Engineering Technologies Private Limited reported revenue of ₹8.73 Cr. NextFirst offers products and services including Warehouse Automation Solutions, General Assembly and Test Automation, and General Automation Products. Its focus areas include Business Services, Engineering Consulting, Horizontal and Industrial Goods and Manufacturing.
Company details
NextFirst was established in 2004 in Bengaluru, India, as a provider of tailored automation solutions across multiple sectors. Operations focus on developing systems for warehouse management, assembly processes, testing procedures, and inspection tasks. Services are customized to meet specific industry needs, supporting efficiency in manufacturing and logistics environments. The company operates primarily from its Indian base, serving domestic and international clients in automation technology.
- Headquarters Bengaluru, India
- Employees 43
- Founders Veena Radhakrishna, Jayendran Balasubramanian
- Stage Minicorn
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website nextfirst.com
- Social LinkedIn X
- Legal Name Nextfirst Engineering Technologies Private Limited
- Date of Incorporation 09 Aug, 2004
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹8.73 Cr
FY 2025 · -1% YoY
- Net Profit₹1.9 Lakh
FY 2025 · 0% margin
- EBITDA₹1.16 Cr
FY 2025 · 13% margin
- Total Equity Funding$1.2M (USD)
in 3 rounds
- Latest Funding Round$614.79K (USD), Angel Round
Jan 2021
- Employee Count43
Associated legal entities of NextFirst
NextFirst operates through Nextfirst Engineering Technologies 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 |
|---|---|---|---|---|---|---|---|
| Nextfirst Engineering Technologies Private Limited CIN U31103KA2004PTC034459 | Active | 09 Aug 2004 | Bangalore, Karnataka | ₹8.7 Cr | 43 | 3 | View details |
Products & Services of NextFirst
NextFirst offers a comprehensive portfolio of products and services, including Warehouse Automation Solutions, General Assembly and Test Automation, and General Automation Products.
Custom systems for efficient material handling in warehouses.
Tailored solutions for assembling and testing processes.
Versatile tools for various industrial automation needs.
Funding Insights of NextFirst
NextFirst has successfully raised a total of $1.2M across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $614.79 thousand completed in January 2021. 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 $1.2M
- Total Rounds 3
- Last Round Angel Round — $614,786
- First Round $496,163
(Oct 2008)
- Investors Count 11
All 3 funding rounds of NextFirst 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 |
|---|---|---|---|---|---|
| Jan 2021 | $614,786 | Angel Round | $3.12M | Shrinivas G Shirgurkar, Benedict Machado | |
| Sep 2018 | $84,539 | Angel Round | $928,775 | Sridhar Alagar, Srikanth Chandrasekaran | – |
| Oct 2008 | $496,163 | Angel Round | $••••• | Gautam Reddy Kumbam, Gautam Reddy Kumbam | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2021 | $3.12M | •••••••• |
| Oct 2008 | $5.08M | •••••••• |
Last known valuation $3.12M (Jan 2021). 11 investors in total: 0 institutional and 11 angel.
Investors in NextFirst
NextFirst has secured backing from 11 investors, including angel investors. Prominent investors backing the company include Shrinivas G Shirgurkar, Benedict Machado and Srikanth Chandrasekaran.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SG Shrinivas G Shirgurkar | unknown_f56415da90ce4b98a | |||
BM Benedict Machado | unknown_328a77c498d84f1e8 | |||
SC Srikanth Chandrasekaran | Angel investor, ex-IBM, focused on tech startups in India. | unknown_e91169cddd3c45698 | ||
RS Ramakrishnan Sundaresan | unknown_128096f570694139a | |||
KS K Sridhar | unknown_62067fd2fe6b480a9 | |||
SG Shrinivas G Shirgurkar | unknown_3dc64fbd0e944eca8 | |||
BM Benedict Machado | unknown_65f698e81e314bb7b | |||
SA Sridhar Alagar | unknown_6372560342d3436d9 | |||
RN Raghunandan Nagarajan | unknown_5814a3e4c04146f6a | |||
GR Gautam Reddy Kumbam | unknown_611c9cdfdb5f48258 |
Investor details for NextFirst
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Nextfirst Engineering Technologies Private Limited (NextFirst)
Nextfirst Engineering Technologies Private Limited is the primary company behind NextFirst. The board of Nextfirst Engineering Technologies Private Limited currently have 3 directors; the longest-serving is Jayendran Balasubramanian, appointed in 2004. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jayendran Balasubramanian DIN 00517387 | Director | 09 Aug 2004 | 22 yrs 3 mo | Nextfirst Engineering Technologies Private Limited |
| Balasubramanian Mahadevan DIN 00517376 | Director | 09 Aug 2004 | 22 yrs 3 mo | Nextfirst Engineering Technologies Private Limited |
| Veena Radhakrishna DIN 07094697 | Managing Director | 08 Sep 2020 | 6 yrs 2 mo | Nextfirst Engineering Technologies Private Limited |
People of NextFirst
18 people are tracked at NextFirst (2 in leadership, 16 in team); the tracked headcount is 43.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Vasishta H M | Automation Engineer | Team |
Ravi Kumar R | Graduate Engineer Trainee | Team |
Venkatesan M | Senior Design Engineer | Team |
Akshay Kumar M | Graduate Engineering Trainee | Team |
Sheik Ameer | Control Engineer | Team |
Sumangala D B | Accounts Officer Level 2 | Team |
Ramkumar R | Intergration Engineer | Team |
Siddharth Kashyap | Delivery Manager | Team |
Rajesh M. | Assistant Manager- IT | Team |
Rony Kalayil | Project Engg | Team |
Mohan Raj | Accounts | Team |
Halesh J | Engineer | Team |
Swaroop Jayaprakash | Purchase Department | Team |
Assedulla Khan | Associate | Team |
Monesh Chandrasekaran | Control Engineer | Team |
Sanjay V | Mechanical Design Engineer | Team |
Complete people profiles for NextFirst
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 NextFirst
Figures of Nextfirst Engineering Technologies Private Limited, the primary company behind NextFirst, for FY 2025. Revenue was ₹8.73 Cr (-1% year on year). Net profit was ₹1.9 Lakh (0% margin). EBITDA was ₹1.16 Cr (13% margin). Revenue has grown at a compounded annual rate of -7% over three years and -20% over five years.
- ₹8.73 CrRevenue · FY 2025 · -1% YoY
- ₹1.9 LakhNet profit · 0% margin
- ₹1.16 CrEBITDA · 13% margin
- ₹1.23 CrPaid-up capital
- 43Employees (provident fund records)
- -7%Revenue CAGR, 3 years
- -20%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nextfirst Engineering Technologies Private Limited are on its company page.
Detailed financial statements for NextFirst
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of NextFirst
4 dated milestones of NextFirst across 17 years, from founding to its latest funding, stage changes and deals.
- Founded NextFirst is founded.
- Funding First funding round of $496K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $615K.
Top companies in Engineering & R&D Services
3 companies that operate in the same segment as NextFirst (Engineering & R&D Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of digital engineering and technology services | 1991 | Hyderabad, Telangana, India | USD 793.55 M | 11,884 | ||
Engineering consulting services in BIM and design fields are provided. | 1993 | Pune, Maharashtra, India | USD 16 M | USD 36.53 M | 1,429 | |
Provider of product engineering, process automation, IT advisory, software development, and other services | 1996 | Ahmedabad, Gujarat, India |
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Frequently Asked Questions about NextFirst
NextFirst was founded in 2004 and raised its 1st funding round 4 years after it was founded.
NextFirst is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Jayendran Balasubramanian is the CEO of NextFirst, as recorded in our data. They have also founded this company.
NextFirst is a funded company, having raised a total of $1.2M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $496.16K, raised on Oct 2008.
NextFirst has 43 employees.
The primary company behind NextFirst, Nextfirst Engineering Technologies Private Limited, reported revenue of ₹8.73 Cr for FY 2025, down 1% year on year.
NextFirst was established in 2004 in Bengaluru, India, as a provider of tailored automation solutions across multiple sectors. Operations focus on developing systems for warehouse management, assembly processes, testing procedures, and inspection tasks. Services are customized to meet specific industry needs, supporting efficiency in manufacturing and logistics environments. The company operates primarily from its Indian base, serving domestic and international clients in automation technology.
NextFirst offers Warehouse Automation Solutions, General Assembly and Test Automation, and General Automation Products.
NextFirst has 11 investors. Key investors include Shrinivas G Shirgurkar, Benedict Machado, Srikanth Chandrasekaran, Ramakrishnan Sundaresan, and K Sridhar.
The valuation of NextFirst is $3.12M as of Jan 2021.
NextFirst operates through Nextfirst Engineering Technologies Private Limited.
The legal entities of NextFirst currently have 3 directors, including Veena Radhakrishna, Jayendran Balasubramanian, Balasubramanian Mahadevan.