About Novatium Solutions
Novatium Solutions is a Technology company based in Chennai (India) founded in 2004 by Rajesh Jain. Provider of managed cloud computing solutions for government, education, and enterprise clients. Novatium Solutions has raised $21.86 million across 5 funding rounds from investors including Ericsson, NEA and Ray Stata. The company has 23 employees. Novatium Solutions was last valued at $6.28 billion in January 2011. Its Indian entity Novatium Solutions Private Limited reported revenue of ₹2.25 Cr. Novatium Solutions offers products and services including Navigator and EduGrid. Its focus areas include Business Services, IT Support Services, Consumer Goods and Computers & Accessories.
Company details
Novatium Solutions was established in 2004 in Chennai, India, within the cloud computing sector. Managed cloud services are delivered to government, education, and enterprise sectors. Mobile device management is incorporated to meet specific client needs. A cloud platform is utilized for operating system-independent access to applications and services. Computing, communication, entertainment, and utility functions are combined via one interface. Accessibility, performance, and security features are prioritized in these operations.
- Headquarters Chennai, India
- Employees 23
- Founders Rajesh Jain
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website novatium.com
- Social LinkedIn Facebook YouTube
- Legal Name Novatium Solutions Private Limited
- Date of Incorporation 13 Oct, 2004
- Jurisdiction Chingleput, Tamil Nadu, India
- Annual Revenue₹2.25 Cr
FY 2021 · 0% YoY
- Net Loss-₹2.86 Cr
FY 2021 · -127% margin
- EBITDA-₹2.43 Cr
FY 2021 · -108% margin
- Total Equity Funding$21.86M (USD)
in 5 rounds
- Latest Funding Round$7.77M (USD), Series A
Jan 2011
- InvestorsEricsson
& 3 more
- Employee Count23
Associated legal entities of Novatium Solutions
Novatium Solutions operates through Novatium Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Novatium Solutions Private Limited CIN U72200TN2004PTC054447 | Active | 13 Oct 2004 | Chingleput, Tamil Nadu | ₹2.2 Cr | 23 | 3 | View details |
Products & Services of Novatium Solutions
Novatium Solutions offers a comprehensive portfolio of products and services, including Navigator and EduGrid.
Navigator is utilized as an integrated delivery platform that connects users to the cloud for computing, communication, and entertainment services
EduGrid is employed for providing e-learning stations and solutions aimed at educational sectors
Apps and channels of Novatium Solutions
its YouTube channel reachnovatium has 37 subscribers and 19 videos.
Videos from Novatium Solutions
The most watched videos on Novatium Solutions's YouTube channel, reachnovatium (37 subscribers). Click a video to play it here.
More on reachnovatium.
Funding Insights of Novatium Solutions
Novatium Solutions has successfully raised a total of $21.86M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $7.77 million completed in January 2011. 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 $21.86M
- Total Rounds 5
- Last Round Series A — $7.77M
- First Round $1.01M
(Jul 2007)
- Investors Count 4
All 5 funding rounds of Novatium Solutions 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 2011 | $7.77M | Series A | $6.28B | Ericsson, New Enterprise Associates | – |
| Aug 2010 | $5.07M | Series A | $4.68B | Ericsson | |
| Nov 2009 | $828,047 | Series A | – | Emergic Ventune Capital | |
| Jan 2008 | $7.18M | Series A | $••••• | New Enterprise Associates | – |
| Jul 2007 | $1.01M | Seed | $••••• | New Enterprise Associates, Emergic Ventune Capital |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2011 | $6.28B | •••••••• |
| Aug 2010 | $4.68B | •••••••• |
| Jan 2008 | $••••• | •••••••• |
| Jul 2007 | $••••• | •••••••• |
Full valuation and stage history of Novatium Solutions
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $6.28B (Jan 2011). 4 investors in total: 3 institutional and 1 angel.
Investors in Novatium Solutions
Novatium Solutions has secured backing from 4 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Ericsson, NEA and Ray Stata.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Telecom equipment and software solutions are provided for networks. | 1876 | ericsson.com | Stockholm, Sweden | |
| emergicventunecapital.tcc.mode | ||||
RS Ray Stata | unknown_60b30ab6cf664b54a |
Investor details for Novatium Solutions
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 Novatium Solutions Private Limited (Novatium Solutions)
Novatium Solutions Private Limited is the primary company behind Novatium Solutions. The board of Novatium Solutions Private Limited currently have 3 directors; the longest-serving is Vijayakumar Somasundaram, appointed in 2017. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vijayakumar Somasundaram DIN 07827117 | Director | 19 May 2017 | 9 yrs 5 mo | Novatium Solutions Private Limited |
| Ritesh Kant DIN 07116570 | Director | 15 Nov 2017 | 8 yrs 11 mo | Novatium Solutions Private Limited |
| Rajaneesh Raj Bag DIN 09800706 | Director | 24 Nov 2022 | 3 yrs 11 mo | Novatium Solutions Private Limited |
People of Novatium Solutions
11 people are tracked at Novatium Solutions (5 in leadership, 3 in board & advisors, 3 in team); the tracked headcount is 23.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
K P Roy | Vice President -Supply Chain Management & Quality | Leadership |
PADAM BIR SINGH AHUJA | National Sales Head | Leadership |
| Managing Director | Leadership | |
Deepak Arora | Territory Head UP(W) | Leadership |
Alok Singh | Founder & Chairman | Board & advisors |
Kumar G V | Advisor | Board & advisors |
Uddipan Bagchi | Advisor | Board & advisors |
Gnanaprakash S | Software Engineer | Team |
Naveen Tiwari | TM - Sales | Team |
Raman Jha | Manager | Team |
Complete people profiles for Novatium Solutions
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 Novatium Solutions
Figures of Novatium Solutions Private Limited, the primary company behind Novatium Solutions, for FY 2021. Revenue was ₹2.25 Cr (0% year on year). Net loss was -₹2.86 Cr (-127% margin). EBITDA was -₹2.43 Cr (-108% margin). Revenue has grown at a compounded annual rate of -24% over three years and -16% over five years.
- ₹2.25 CrRevenue · FY 2021 · 0% YoY
- -₹2.86 CrNet loss · -127% margin
- -₹2.43 CrEBITDA · -108% margin
- ₹2.18 CrPaid-up capital
- 23Employees (provident fund records)
- -24%Revenue CAGR, 3 years
- -16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Novatium Solutions Private Limited are on its company page.
Detailed financial statements for Novatium Solutions
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 Novatium Solutions
5 dated milestones of Novatium Solutions across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Novatium Solutions is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series A, of $7.8M.
Web traffic of Novatium Solutions
Websites that share an audience with Novatium Solutions (novatium.com).
Websites whose visitors overlap most with Novatium Solutions. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| washingtonpost.com | 100% | 84.1M | #674 | View details |
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Related news about Novatium Solutions
Complete news archive for Novatium Solutions
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Frequently Asked Questions about Novatium Solutions
Novatium Solutions was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Novatium Solutions is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Novatium Solutions is a funded company, having raised a total of $21.86M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.01M, raised on Jul 2007.
Novatium Solutions has 23 employees.
The primary company behind Novatium Solutions, Novatium Solutions Private Limited, reported revenue of ₹2.25 Cr for FY 2021, down 0% year on year.
Novatium Solutions was established in 2004 in Chennai, India, within the cloud computing sector. Managed cloud services are delivered to government, education, and enterprise sectors. Mobile device management is incorporated to meet specific client needs. A cloud platform is utilized for operating system-independent access to applications and services. Computing, communication, entertainment, and utility functions are combined via one interface. Accessibility, performance, and security features are prioritized in these operations.
Novatium Solutions offers Navigator and EduGrid.
The valuation of Novatium Solutions is $6.28B as of Jan 2011.
Novatium Solutions operates through Novatium Solutions Private Limited.
The legal entities of Novatium Solutions currently have 3 directors, including Rajaneesh Raj Bag, Ritesh Kant, Vijayakumar Somasundaram.