About Nitor Infotech
Nitor Infotech is a company based in Pune (India) founded in 2006 was acquired by Ascendion in August 2023.. The company has 852 employees as of January 20, 2025. Nitor Infotech operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Pune, India
- Employees 852 as on 20 Jan, 2025
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Nitor Infotech Private Limited
- Date of Incorporation 08 Sep, 2006
- Jurisdiction Pune, Maharashtra, India
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Funding Insights of Nitor Infotech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Nitor Infotech
Nitor Infotech has secured backing from 1 investor. Prominent investors backing the company include Ascendion. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provides AI-driven software engineering and digital transformation for businesses.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Nitor Infotech
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nitor Infotech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Nitor Infotech Comparisons
Competitors of Nitor Infotech
Nitor Infotech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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IT outsourcing services are delivered across multiple business lines.
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IT and management consultancy services are provided globally.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nitor Infotech
Frequently Asked Questions about Nitor Infotech
When was Nitor Infotech founded?
Nitor Infotech was founded in 2006.
Where is Nitor Infotech located?
Nitor Infotech is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Nitor Infotech?
Sanjeev Fadnavis is the current CEO of Nitor Infotech.
How many employees does Nitor Infotech have?
As of Jan 20, 2025, the latest employee count at Nitor Infotech is 852.
What is the annual revenue of Nitor Infotech?
Annual revenue of Nitor Infotech is $20.01M as on Mar 31, 2023.
What does Nitor Infotech do?
Nitor Infotech was established in 2006 and is based in Pune, India. Focus is placed on IT engineering practices, encompassing product engineering, data engineering, business intelligence, enterprise mobility, and quality assurance services. Products and services are developed using advanced technologies to address needs across multiple domains, supporting enterprise operations in digital environments.
Who are the top competitors of Nitor Infotech?
Nitor Infotech's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Who are Nitor Infotech's investors?
Nitor Infotech has 1 investor. Key investors include Ascendion.