About Pit Solutions
Pit Solutions is a company founded in 2000. It operates as a B2B, and Service-based Contracts. The company has 435 employees as of March 31, 2023. Pit Solutions offers products and services including E-Commerce Platforms, Mobile Apps, Business Applications, and AI and Data Science Solutions. Pit Solutions operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Employees 435 as on 31 Mar, 2023
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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 P I T Solutions Private Limited
- Jurisdiction Thiruvananthapuram, Kerala, India
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Annual Revenue
$10.01 M (USD)162495.62as on Mar 31, 2023
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Net Profit
$2.33 M (USD)180214.24as on Mar 31, 2023
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EBITDA
$3.48 M (USD)173238.39as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
435
as on Mar 31, 2023
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Products & Services of Pit Solutions
Pit Solutions offers a comprehensive portfolio of products and services, including E-Commerce Platforms, Mobile Apps, Business Applications, and AI and Data Science Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Builds modern shops for customer convenience and reliability.
Develops native and hybrid apps for business needs.
Creates mission-critical tools for various industry verticals.
Unlocks insights through AI for diverse industry applications.
Funding Insights of Pit Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Pit Solutions
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pit Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pit Solutions Comparisons
Competitors of Pit Solutions
Pit Solutions 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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| 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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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
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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Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Pit Solutions
When was Pit Solutions founded?
Pit Solutions was founded in 2000.
How many employees does Pit Solutions have?
As of Mar 31, 2023, the latest employee count at Pit Solutions is 435.
What is the annual revenue of Pit Solutions?
Annual revenue of Pit Solutions is $10.01M as on Mar 31, 2023.
What does Pit Solutions do?
PIT Solutions is an IT services company specializing in digitalization consulting, UIUX design, software development, testing, and managed IT services. They create e-commerce platforms, mobile apps, business applications, and AI solutions to support various industries. With over 800 employees and 24 years of experience, they operate from multiple locations including Switzerland and India, serving clients like SIX and PostFinance through customized, high-quality digital projects.
Who are the top competitors of Pit Solutions?
Pit Solutions's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
What products or services does Pit Solutions offer?
Pit Solutions offers E-Commerce Platforms, Mobile Apps, Business Applications, and AI and Data Science Solutions.