About Pierian Services
Pierian Services is a Business Services company based in Bengaluru (India) founded in 2003 by Chetan Venugopal and Kanathur Narasimhamurthy Gurunath. It operates as a provider of HR and finance BPO services. Pierian Services has raised $179.19 thousand across 1 funding round from investors including Real Time Management. The company has 1,879 employees. Pierian Services was last valued at $1.55 million in September 2018. Its chief executive is Mahesh Pillai. Its Indian entity Pierian Services Private Limited reported revenue of ₹236 Cr. Pierian Services offers products and services including Managed Services, Client Accounting Services, Audit Services, and Digital Enablement. Its focus areas include BPO Services and Horizontal. Its competitors include Genpact, Datamatics, Quess, Sutherland and TaskUs and 5 more; 3 of its 10 listed competitors have raised funding.
Company details
Pierian Services offers Managed Services, Client Accounting Services, Audit Services, Digital Enablement while focusing on providing business support, bpo services, and horizontal. Provider of HR and finance BPO services. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs.
- Headquarters Bengaluru, India
- Employees 1,879
- Founders Chetan Venugopal, Kanathur Narasimhamurthy Gurunath
- Stage Minicorn
- SectorsBusiness Services
- Website category Finance · Accounting and Auditing
- Email••••••••
- Phone•••• ••••
- Website pierianservices.com
- Social LinkedIn X Facebook
- Legal Name Pierian Services Private Limited
- Date of Incorporation 27 Dec, 2002
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹236 Cr
FY 2024 · +39% YoY
- Net Profit₹9.98 Cr
FY 2024 · 4% margin
- EBITDA₹21.32 Cr
FY 2024 · 9% margin
- Total Equity Funding$179.19K (USD)
in 1 rounds
- Latest Funding Round$179.19K (USD), Seed
Sep 2018
- Investors
- Employee Count1,879
Associated legal entities of Pierian Services
Pierian Services is associated with 5 registered companies on The Company Check; the primary company is Pierian Services Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pierian Services Private Limited CIN U74140KA2002PTC031404 | Active | 27 Dec 2002 | Bangalore, Karnataka | ₹236 Cr | 1,866 | 3 | View details |
| Cvgk Advisors Llp CIN AAM-5760 | Active | 07 May 2018 | Bengaluru, Karnataka | – | – | 2 | View details |
| Pie-Rag Consulting Llp CIN ABZ-6090 | Active | 27 Dec 2022 | Bangalore, Karnataka | – | – | 2 | View details |
| Bt-Pierian Managed Services Llp CIN ACA-4787 | Active | 06 Apr 2023 | Bangalore, Karnataka | – | – | 2 | View details |
| Bt-Pierian Assurance & Advisory Llp CIN ACA-4113 | Active | 31 Mar 2023 | Bangalore, Karnataka | – | – | 2 | View details |
Products & Services of Pierian Services
Pierian Services offers a comprehensive portfolio of products and services, including Managed Services, Client Accounting Services, Audit Services, and Digital Enablement.
Minimizes bookkeeping cycles and builds efficient financial processes.
Enables efficient financial processes through adaptive practices.
Enhances audits by channeling financial data insights.
Designs software and modernizes business processes.
Funding Insights of Pierian Services
Pierian Services has successfully raised a total of $179.19K through 1 strategic funding round. The most recent funding activity was a Seed round of $179.19 thousand completed in September 2018. 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 $179,187
- Total Rounds 1
- Last Round Seed — $179,187
- First Round $179,187
(Sep 2018)
- Investors Count 1
All 1 funding rounds of Pierian Services 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 |
|---|---|---|---|---|---|
| Sep 2018 | $179,187 | Seed | $1.55M | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2018 | $1.55M | •••••••• |
Last known valuation $1.55M (Sep 2018). 1 investors in total: 1 institutional.
Investors in Pierian Services
Pierian Services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Real Time Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers fleet management, vehicle tracking, and OHS solutions for corporate and mining sectors. | 1996 | realtimemanagement.company | Kinross, United Kingdom |
Investor details for Pierian Services
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Board of directors of Pierian Services Private Limited (Pierian Services)
Pierian Services Private Limited is the primary company behind Pierian Services. The boards of the 5 registered companies of Pierian Services currently have 5 directors; the longest-serving is Manish Aggarwal, appointed in 2018. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manish Aggarwal DIN 00220297 | Director | 06 Apr 2018 | 8 yrs 6 mo | Pierian Services Private Limited |
| Chetan Venugopal DIN 00317183 | Designated Partner | 07 May 2018 | 8 yrs 5 mo | Cvgk Advisors Llp, Pierian Services Private Limited |
| Kanathur Gurunath Narasimhamurthy DIN 00333270 | Designated Partner | 07 May 2018 | 8 yrs 5 mo | Cvgk Advisors Llp, Pie-Rag Consulting Llp, Bt-Pierian Assurance & Advisory Llp, Bt-Pierian Managed Services Llp, Pierian Services Private Limited |
| Abhishek Gupta DIN 10035676 | Designated Partner | 27 Dec 2022 | 3 yrs 9 mo | Pie-Rag Consulting Llp, Bt-Pierian Assurance & Advisory Llp |
| Rekha Subrahmanya DIN 09198500 | Designated Partner | 06 Apr 2023 | 3 yrs 6 mo | Bt-Pierian Managed Services Llp |
People of Pierian Services
105 people are tracked at Pierian Services (18 in leadership, 87 in team); the tracked headcount is 1,879.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Mahesh Pillai | Chief Executive Officer | Leadership |
Manik Bansal | Associate Director | Leadership |
| Co-Founder, Chief Executive Officer & President, Pierian USA | Leadership | |
Jasmine Sahney | Associate Director HR | Leadership |
Kandavelu Sivasankaran | Senior Vice President Operations | Leadership |
Vasundhara Chakravarthy | Vertical Head - HR Shared Services And Head TA | Leadership |
Ashwini Kumar Chandra Mouli | Head-operations(f&a) | Leadership |
Smitha Avinash Bharadwaj | Head Of Human Resources (e Commerce Division) | Leadership |
Ravi Kiran Srinivas | Head Operations - Admin | Facilities | Procurement | Travel | Transport | Hospatility | Real Estate | Leadership |
Lakshmi Rao | Associate Vice President - Corporate Finance | Leadership |
Kaushik Mitra | Associate Director | Leadership |
Rohit Kumar | Vice President | Leadership |
| Director | Leadership | |
Madhusudan Krishna | Senior Vice President | Leadership |
Swaroop K | Head Of Finance Planning And Analytics | Leadership |
Raghavendra T | Associate Vice President | Leadership |
Prakash Dangwal | Finance Executive | Team |
Balraj M S | Senior Finance Executive | Team |
85 more people are available in the full profile.
Complete people profiles for Pierian Services
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Financials of Pierian Services
Figures of Pierian Services Private Limited, the primary company behind Pierian Services, for FY 2024. Revenue was ₹236 Cr (+39% year on year). Net profit was ₹9.98 Cr (4% margin). EBITDA was ₹21.32 Cr (9% margin). Revenue has grown at a compounded annual rate of +51% over three years and +33% over five years.
- ₹236 CrRevenue · FY 2024 · +39% YoY
- ₹9.98 CrNet profit · 4% margin
- ₹21.32 CrEBITDA · 9% margin
- ₹3.61 CrPaid-up capital
- 1,866Employees (provident fund records)
- +51%Revenue CAGR, 3 years
- +33%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pierian Services Private Limited are on its company page.
Detailed financial statements for Pierian Services
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Pierian Services
3 dated milestones of Pierian Services across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Pierian Services is founded.
- Funding First funding round of $179K.
- Milestone Reaches Minicorn status.
Competitors of Pierian Services
Pierian Services has 10 listed competitors in our database, 3 of them funded. They include Genpact, Datamatics, Quess, Sutherland and TaskUs, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| quesscorp.com | 2007 | Bengaluru, India | – | 1,860 | Provider of outsourcing and business services | |
| sutherlandglobal.com | 1986 | Pittsford, United States | $60M | 3,444 | Business process and technology management services are provided globally. | |
| taskus.com | 2008 | San Antonio, United States | $15M | – | Provider of customer care and back office support services for multiple sectors | |
| cesc.co.in | 1879 | Kolkata, India | – | 6,320 | Electricity generation and distribution are provided in eastern India. | |
| eclerx.com | 2000 | Mumbai, India | – | 5,931 | Provider of business processes, change management, analytics, and data-driven insights services | |
| hexaware.com | 1990 | Mumbai, India | – | 23,635 | Provider of IT consulting and BPO services | |
| einfochips.com | 1996 | Ahmedabad, India | – | 3,906 | Provider of product engineering, process automation, IT advisory, software development, and other services | |
| capita.com | 1984 | London, United Kingdom | – | 47,889 | Capita is engaged in providing business process outsourcing and digital services. |
Detailed competitors of Pierian Services
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Pierian Services
The website of Pierian Services (pierianservices.com) receives about 7.2K visits a month and ranks #1,640,271 among all websites worldwide, #3,954 in Accounting and Auditing.
- Monthly visits7.2K
▼ 61.8% vs previous month
- Unique visitors7.3K
per month
- Global rank#1,640,271
among all websites
- Category rank#3,954
Finance · Accounting and Auditing
- Bounce rate66%
- Pages per visit1.4
- Average visit1 min 22 sec
- DevicesDesktop 12% · Mobile 88%
Websites whose visitors overlap most with Pierian Services. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
payformance.com | payformance.com | 100% | – | – | – |
| excellencetech.com | 100% | – | – | View details | |
staffleader.com | staffleader.com | 100% | – | – | – |
outsourcesol.com | outsourcesol.com | 100% | – | #8,535,830 | – |
ffspl.org | ffspl.org | 100% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for Pierian Services
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Top companies in Business Process Outsourcing (BPO)
10 companies that operate in the same segment as Pierian Services (Business Process Outsourcing (BPO)), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of outsourcing and business services | 2007 | Bengaluru, Karnataka, India | – | USD 1.63 B | 441,150 | |
Cloud-based text analytics and cognitive automation services are provided. | 1975 | Mumbai, Maharashtra, India | USD 3 M | USD 211.78 M | 4,960 | |
Provider of customer care and back office support services for multiple sectors | 2008 | San Antonio, Texas, United States | USD 15 M | USD 1.18 B | 59,000 | |
Provider of end-to-end business process outsourcing services | 1997 | New York, New York, United States | – | USD 5.08 B | 140,000 | |
Electricity generation and distribution are provided in eastern India. | 1879 | Kolkata, West Bengal, India | – | USD 1.98 B | 5,690 | |
Provider of revenue cycle management, BPO, IT, and finance and accounting services | 2011 | Chennai, Tamil Nadu, India | USD 3.9 M | USD 284.62 M | 17,503 | |
Provider of data analytics, cloud management, and business process outsourcing services | 1986 | Pune, Maharashtra, India | – | USD 6.06 B | 119,340 | |
Business process and technology management services are provided globally. | 1986 | Pittsford, New York, United States | USD 60 M | – | – | |
Provider of business processes, change management, analytics, and data-driven insights services | 2000 | Mumbai, Maharashtra, India | – | USD 438.8 M | 16,630 | |
Provider of IT consulting and BPO services | 1990 | Mumbai, Maharashtra, India | – | USD 1.49 B | 32,310 |
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Related news about Pierian Services
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Frequently Asked Questions about Pierian Services
Pierian Services was founded in 2003 and raised its 1st funding round 15 years after it was founded.
Pierian Services is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Mahesh Pillai is the current CEO of Pierian Services.
Pierian Services is a funded company, having raised a total of $179.19K across 1 funding round to date. The company's 1st funding round was a Seed of $179.19K, raised on Sep 2018.
Pierian Services has 1,879 employees.
The primary company behind Pierian Services, Pierian Services Private Limited, reported revenue of ₹236 Cr for FY 2024, up 39% year on year.
Pierian Services offers Managed Services, Client Accounting Services, Audit Services, Digital Enablement while focusing on providing business support, bpo services, and horizontal. Provider of HR and finance BPO services. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs.
Pierian Services's top competitors include Quess, Datamatics and TaskUs.
Pierian Services offers Managed Services, Client Accounting Services, Audit Services, and Digital Enablement.
Pierian Services has 1 investor. Key investors include Real Time Management.
The valuation of Pierian Services is $1.55M as of Sep 2018.
Pierian Services is associated with 5 legal entities: Pierian Services Private Limited, Cvgk Advisors Llp, Pie-Rag Consulting Llp and others.