About OpenStrides
OpenStrides is a Financial Services company based in Bengaluru (India) founded in 2009. It delivers a cloud-based software suite tailored for insurance brokers. It operates on a B2B model. Its Indian entity Openstrides Software And Solutions Private Limited reported revenue of ₹6.7 Lakh. Its focus areas include Technology, Software, Insurance Services and Broker Management.
Company details
OpenStrides delivers a cloud-based software suite tailored for insurance brokers, focusing on leveraging cutting-edge technology, software, insurance services, and broker management. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- SectorsFinancial Services
- Website openstrides.com
- Legal Name Openstrides Software And Solutions Private Limited
- Date of Incorporation 06 Feb, 2009
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹6.7 Lakh
FY 2019 · -30% YoY
- Net Profit₹12,011
FY 2019 · 2% margin
- EBITDA₹2.2 Lakh
FY 2019 · 32% margin
Associated legal entities of OpenStrides
OpenStrides operates through Openstrides Software And Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Openstrides Software And Solutions Private Limited CIN U72200KA2009PTC049066 | Active | 06 Feb 2009 | Bangalore, Karnataka | ₹0.1 Cr | 3 | View details |
Board of directors of Openstrides Software And Solutions Private Limited (OpenStrides)
Openstrides Software And Solutions Private Limited is the primary company behind OpenStrides. The board of Openstrides Software And Solutions Private Limited currently have 3 directors; the longest-serving is Rallapalli Karnam Balasubramanyam, appointed in 2009. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rallapalli Karnam Balasubramanyam DIN 01967200 | Director | 06 Feb 2009 | 17 yrs 8 mo | Openstrides Software And Solutions Private Limited |
| Prasad DIN 00564359 | Additional Director | 10 Jun 2009 | 17 yrs 4 mo | Openstrides Software And Solutions Private Limited |
| Kailash Prasad Bhoopalam DIN 06459293 | Whole-time director | 02 Nov 2017 | 8 yrs 11 mo | Openstrides Software And Solutions Private Limited |
Financials of OpenStrides
Figures of Openstrides Software And Solutions Private Limited, the primary company behind OpenStrides, for FY 2019. Revenue was ₹6.7 Lakh (-30% year on year). Net profit was ₹12,011 (2% margin). EBITDA was ₹2.2 Lakh (32% margin). Revenue has grown at a compounded annual rate of -19% over three years.
- ₹6.7 LakhRevenue · FY 2019 · -30% YoY
- ₹12,011Net profit · 2% margin
- ₹2.2 LakhEBITDA · 32% margin
- ₹6.4 LakhPaid-up capital
- -19%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Openstrides Software And Solutions Private Limited are on its company page.
Detailed financial statements for OpenStrides
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Five-year trends
- Downloads
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Top companies in Insurance Technology & Support Services
2 companies that operate in the same segment as OpenStrides (Insurance Technology & Support Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M |
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Frequently Asked Questions about OpenStrides
OpenStrides was founded in 2009.
OpenStrides is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind OpenStrides, Openstrides Software And Solutions Private Limited, reported revenue of ₹6.7 Lakh for FY 2019, down 30% year on year.
OpenStrides delivers a cloud-based software suite tailored for insurance brokers, focusing on leveraging cutting-edge technology, software, insurance services, and broker management. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
OpenStrides operates through Openstrides Software And Solutions Private Limited.
The legal entities of OpenStrides currently have 3 directors, including Kailash Prasad Bhoopalam, Prasad, Rallapalli Karnam Balasubramanyam.