About Optimize IT Systems
Optimize IT Systems is a Government & Social Sector company based in India founded in 2010. It delivers IT software development, digital transformation, and cloud services for clients worldwide. It operates on a B2B model in Government & Social Sector and Business Services sectors. The company has 87 employees. Its Indian entity Optimize It Systems Private Limited reported revenue of ₹12.88 Cr. Optimize IT Systems offers products and services including Web-based Portal, E-custodian Software, Single Window Clearance System, and Call Center System. Its focus areas include Information Technology, Software Services, Digital Transformation and Public Sector. Its competitors include Persistent and Happiest Minds; 2 of its 2 listed competitors have raised funding.
Company details
Optimize IT Systems specializes in IT services such as software development and digital product engineering. They create web-based portals and systems for government entities like Tripura and Bihar, handling tasks like call centers and logistics management. Based in India with offices in Kolkata, Mumbai, Jaipur, and Noida, they serve public and private sector organizations through agile methodologies to optimize business processes and ensure compliance.
- Headquarters India
- Employees 87
- SectorsGovernment & Social SectorBusiness Services
- Email••••••••
- Phone•••• ••••
- Website optimizeitsystems.com
- Social LinkedIn Facebook
- Legal Name Optimize It Systems Private Limited
- Date of Incorporation 11 Mar, 2010
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹12.88 Cr
FY 2024 · +26% YoY
- Net Profit₹19.8 Lakh
FY 2024 · 2% margin
- EBITDA₹75.7 Lakh
FY 2024 · 6% margin
- Employee Count87
Associated legal entities of Optimize IT Systems
Optimize IT Systems operates through Optimize It Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Optimize It Systems Private Limited CIN U72200WB2010PTC143272 | Active | 11 Mar 2010 | Kolkata, West Bengal | ₹12.9 Cr | 87 | 3 | View details |
Products & Services of Optimize IT Systems
Optimize IT Systems offers a comprehensive portfolio of products and services, including Web-based Portal, E-custodian Software, Single Window Clearance System, and Call Center System.
Platform for business reforms and investor services in public sectors.
System for tracking parcels and managing vendor operations efficiently.
Tool for investment information and business facilitation in states.
Solution for handling centralized operations and scheme implementations.
Board of directors of Optimize It Systems Private Limited (Optimize IT Systems)
Optimize It Systems Private Limited is the primary company behind Optimize IT Systems. The board of Optimize It Systems Private Limited currently have 3 directors; the longest-serving is Vikash Agarwal Binjrajka, appointed in 2010. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vikash Agarwal Binjrajka DIN 00012978 | Director | 11 Mar 2010 | 16 yrs 8 mo | Optimize It Systems Private Limited |
| Vithika Agrawal Binjrajka DIN 05211125 | Director | 03 Jan 2013 | 13 yrs 10 mo | Optimize It Systems Private Limited |
| Lalit Kumar Pareek DIN 01078494 | Director | 04 Aug 2020 | 6 yrs 3 mo | Optimize It Systems Private Limited |
Financials of Optimize IT Systems
Figures of Optimize It Systems Private Limited, the primary company behind Optimize IT Systems, for FY 2024. Revenue was ₹12.88 Cr (+26% year on year). Net profit was ₹19.8 Lakh (2% margin). EBITDA was ₹75.7 Lakh (6% margin). Revenue has grown at a compounded annual rate of -17% over three years and -5% over five years.
- ₹12.88 CrRevenue · FY 2024 · +26% YoY
- ₹19.8 LakhNet profit · 2% margin
- ₹75.7 LakhEBITDA · 6% margin
- ₹43.2 LakhPaid-up capital
- 87Employees (provident fund records)
- -17%Revenue CAGR, 3 years
- -5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Optimize It Systems Private Limited are on its company page.
Detailed financial statements for Optimize IT Systems
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Competitors of Optimize IT Systems
Optimize IT Systems has 2 listed competitors in our database, 2 of them funded. They include Persistent and Happiest Minds.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| persistent.com | 1990 | Pune, India | $18.8M | 20,909 | IT consulting, data analytics, and digital transformation services are provided. | |
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. |
Detailed competitors of Optimize IT Systems
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Verified entity values are shown only after access is granted.
Top companies in GovTech
2 companies that operate in the same segment as Optimize IT Systems (GovTech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of digital signature certificates, PKI, and e-signature solutions | 2008 | Bengaluru, Karnataka, India | USD 26.23 M | USD 76.01 M | 604 | |
Technology platform that enables users to access information on government and private welfare schemes | 2015 | Bengaluru, Karnataka, India | USD 3.29 M | USD 3.37 M | 234 |
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Frequently Asked Questions about Optimize IT Systems
Optimize IT Systems was founded in 2010.
Optimize IT Systems is headquartered in India.
Optimize IT Systems has 87 employees.
The primary company behind Optimize IT Systems, Optimize It Systems Private Limited, reported revenue of ₹12.88 Cr for FY 2024, up 26% year on year.
Optimize IT Systems specializes in IT services such as software development and digital product engineering. They create web-based portals and systems for government entities like Tripura and Bihar, handling tasks like call centers and logistics management. Based in India with offices in Kolkata, Mumbai, Jaipur, and Noida, they serve public and private sector organizations through agile methodologies to optimize business processes and ensure compliance.
Optimize IT Systems's top competitors include Happiest Minds and Persistent.
Optimize IT Systems offers Web-based Portal, E-custodian Software, Single Window Clearance System, and Call Center System.
Optimize IT Systems operates through Optimize It Systems Private Limited.
The legal entities of Optimize IT Systems currently have 3 directors, including Lalit Kumar Pareek, Vithika Agrawal Binjrajka, Vikash Agarwal Binjrajka.