About Onward Technologies
Onward Technologies is a company based in Mumbai (India) founded in 1991 by Harish Mehta. The company has 2,580 employees as of March 31, 2024. Onward Technologies has completed 1 acquisition, including HOW Logistics Group. Onward Technologies offers products and services including Digital Services, Embedded Product Engineering, Mechanical Product Engineering, Testing and Validation, and Industrial Artificial Intelligence. Onward Technologies operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Mumbai, India
- Employees 2580 as on 31 Mar, 2024
- Founders Harish Mehta
- Stage Public
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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 Onward Technologies Limited
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Annual Revenue
$57.47 M (USD)4.01as on Mar 31, 2025
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Net Profit
$3.17 M (USD)-20.17as on Mar 31, 2025
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EBITDA
$5.29 M (USD)-14as on Mar 31, 2025
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Latest Funding Round
$9.64 M (USD), Post-IPO
May 27, 2021
- Investors
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Employee Count
2580
as on Mar 31, 2024
- Investments & Acquisitions
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IPO & Listings of Onward Technologies
Onward Technologies is a publicly listed company on the NSE with ticker symbol ONWARDTEC in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Onward Technologies
Onward Technologies offers a comprehensive portfolio of products and services, including Digital Services, Embedded Product Engineering, Mechanical Product Engineering, Testing and Validation, and Industrial Artificial Intelligence.
Accelerates product development and market speed for clients.
Fast-tracks product deployment with hardware and software expertise.
Develops smarter products for precision and reliability in industries.
Automates testing to ensure product quality and reduce manual efforts.
Provides insights to enhance productivity in manufacturing processes.
People of Onward Technologies
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Funding Insights of Onward Technologies
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $9.6M
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First Round
First Round
(27 May 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Post-IPO - Onward Technologies | Valuation |
investors |
Investors in Onward Technologies
Onward Technologies has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Convergent Finance.
| Investor | Description | Founded Year | Domain | Location |
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Convergent Finance is engaged in private equity investments in India.
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Founded Year | Domain | Location |
Investments & Acquisitions by Onward Technologies
Onward Technologies has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include HOW Logistics Group.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of transportation management, delivery, logistics, and supply chain solutions
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2022 |
Financial Statements - Onward Technologies
Onward Technologies Comparisons
Competitors of Onward Technologies
Onward Technologies 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.
| 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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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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Frequently Asked Questions about Onward Technologies
Onward Technologies was founded in 1991 and raised its 1st funding round 30 years after it was founded.
Onward Technologies is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
As of Mar 31, 2024, the latest employee count at Onward Technologies is 2,580.
Annual revenue of Onward Technologies is $57.47M as on Mar 31, 2025.
Onward Tech is a software outsourcing company specializing in Digital and ERD services. Headquartered in Mumbai, with a prominent global presence in North America Europe, and state-of-the-art offshore delivery centres (ODC) in India, it supports businesses in focused verticals of Transportation Mobility, Industrial Equipment Heavy Machinery, and Healthcare Lifesciences. With a scalable outsourcing and offshore model across 6 countries, a fast-growing team of 2800 employees, and long-term customer associations, Onward Tech accelerates innovation and maximize returns on RD investments for its marquee customers. With two decades of expertise in Mechanical Engineering capabilities, Onward Tech has augmented its prowess digital engineering, including embedded software services delivered for North American and European Original Equipment Manufacturers. Founded in 1991, the company has been listed on both NSE and BSE since 1995.
Onward Technologies's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Onward Technologies offers Digital Services, Embedded Product Engineering, Mechanical Product Engineering, Testing and Validation, and Industrial Artificial Intelligence.
Yes, Onward Technologies is publicly traded on NSE under the ticker symbol ONWARDTEC.
Onward Technologies has made 1 acquisition, including HOW Logistics Group.
Onward Technologies has 1 investor. Key investors include Convergent Finance.
The ticker symbol of Onward Technologies is ONWARDTEC on NSE.