About Pragmatix
Pragmatix is a Technology company based in Palo Alto (United States) founded in 2010 by Ramesh Lakshminarayanan, and was acquired by CRISIL in November 2017. It operates as a business intelligence solutions are provided for financial institutions. Pragmatix has raised $2.59 million across 2 funding rounds from investors including CRISIL, SIDBI Venture Capital and Anup Basrurkar. The company has 99 employees. Its Indian entity Pragmatix Services Private Limited reported revenue of ₹42.32 Cr. The company was acqui-hired. Its focus areas include Enterprise Applications, Business Intelligence, Business Intelligence Suite and End to End BI Software. Its competitors include Fractal Analytics, QlikTech, Domo, TIBCO and Alteryx and 5 more; 8 of its 10 listed competitors have raised funding.
Company details
Pragmatix was founded in 2010 and is based in Palo Alto, United States. A platform is offered to deliver business intelligence and risk management solutions for banks and financial institutions. Data and analytics needs are addressed across functional areas including risk management, sales and marketing, financial control, and reporting. Operations focus on supporting these sectors with integrated tools.
- Headquarters Palo Alto, United States
- Employees 99
- Founders Ramesh Lakshminarayanan
- SectorsTechnology
- Website pragmatixservices.com
- Social LinkedIn
- Acquired by CRISIL (Nov 2017)
- Legal Name Pragmatix Services Private Limited
- Date of Incorporation 21 Jul, 2010
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of Pragmatix
Pragmatix operates through Pragmatix Services Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pragmatix Services Private Limited CIN U67190MH2010PTC205794 | Amalgamated | 21 Jul 2010 | Mumbai, Maharashtra | ₹42.3 Cr | 99 | 3 | View details |
Funding Insights of Pragmatix
Pragmatix has successfully raised a total of $2.59M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.4 million completed in July 2015. 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 $2.59M
- Total Rounds 2
- Last Round Series A — $2.4M
- First Round $194,436
(Oct 2013)
- Investors Count 3
All 2 funding rounds of Pragmatix 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 |
|---|---|---|---|---|---|
| Jul 2015 | $2.4M | Series A | – | SIDBI Venture Capital | – |
| Oct 2013 | $194,436 | Angel Round | – | Anup Basrurkar, Anup Basrurkar | – |
4 investors in total: 2 institutional and 2 angel.
Investors in Pragmatix
Pragmatix has secured backing from 4 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include CRISIL, SIDBI Venture Capital and Anup Basrurkar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital management for SMEs and startups in India. | 1999 | sidbiventure.co.in | Mumbai, India | |
Credit rating database for financial institutions, energy sectors, automobiles, and telecom | 1987 | crisil.com | Mumbai, India | |
AB Anup Basrurkar | Angel investor and advisor, focused on early-stage Indian startups. | – | unknown_ba9aba3d622f4a2d9 | - |
AB Anup Basrurkar | - | – | unknown_475e068c2e2543688 | - |
Investor details for Pragmatix
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Board of directors of Pragmatix Services Private Limited (Pragmatix)
Pragmatix Services Private Limited is the primary company behind Pragmatix. The board of Pragmatix Services Private Limited currently have 3 directors; the longest-serving is Anupam Mohinder Kaura, appointed in 2018. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anupam Mohinder Kaura DIN 07790067 | Director | 24 Jan 2018 | 8 yrs 8 mo | Pragmatix Services Private Limited |
| Sanjay Chakravarti DIN 05246624 | Director | 24 Jan 2018 | 8 yrs 8 mo | Pragmatix Services Private Limited |
| Priti Arora DIN 09421072 | Director | 06 Dec 2021 | 4 yrs 10 mo | Pragmatix Services Private Limited |
People of Pragmatix
1 people are tracked at Pragmatix (1 in leadership); the tracked headcount is 99.
| Name | Role | Group |
|---|---|---|
Ramesh Lakshminarayanan | Co-Founder | Leadership |
Complete people profiles for Pragmatix
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Financials of Pragmatix
Figures of Pragmatix Services Private Limited, the primary company behind Pragmatix, for FY 2020. Revenue was ₹42.32 Cr (-12% year on year). Net profit was ₹52.3 Lakh (1% margin). EBITDA was ₹2.47 Cr (6% margin). Revenue has grown at a compounded annual rate of +35% over three years and +37% over five years.
- ₹42.32 CrRevenue · FY 2020 · -12% YoY
- ₹52.3 LakhNet profit · 1% margin
- ₹2.47 CrEBITDA · 6% margin
- ₹3.14 CrPaid-up capital
- 99Employees (provident fund records)
- +35%Revenue CAGR, 3 years
- +37%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pragmatix Services Private Limited are on its company page.
Detailed financial statements for Pragmatix
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Timeline of Pragmatix
4 dated milestones of Pragmatix across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Pragmatix is founded.
- Funding First funding round of $194K.
- Funding Latest funding round, Series A, of $2.4M.
- Exit Acquired by CRISIL.
Competitors of Pragmatix
Pragmatix has 10 listed competitors in our database, 8 of them funded. They include Fractal Analytics, QlikTech, Domo, TIBCO and Alteryx, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fractal.ai | 2000 | New York, United States | $685M | 4,620 | Artificial intelligence and analytics solutions are provided for enterprise transformation. | |
| qlik.com | 1993 | Radnor, United States | $12.5M | – | Business intelligence solutions are delivered via a cloud platform. | |
| domo.com | 2010 | American Fork, United States | $729.81M | 771 | Cloud-based business intelligence solutions are provided via integrated suite. | |
| tibco.com | 1996 | Boston, United States | – | 1,401 | Data integration and analytics software is provided for enterprise use. | |
| alteryx.com | 1997 | Irvine, United States | $163M | 1,544 | Cloud-based data analytics solutions are delivered for insight generation. | |
| memex.com | 1976 | Glasgow, United Kingdom | – | 28 | Data analytics and search technology are supplied for law enforcement. | |
| imply.io | 2015 | San Francisco, United States | $215.3M | 157 | An open source platform for exploratory analytics is provided. | |
| amplyfi.com | 2015 | Cardiff, United Kingdom | $11.85M | 40 | Open-source data is curated, analyzed, and visualized via AI platform. | |
| allegiance.com | 2005 | Lehi, United States | $53.7M | 172 | Cloud-based business intelligence software solution provider | |
| incorta.com | 2013 | San Mateo, United States | $202.12M | 120 | AI-based business intelligence platform is provided for real-time data analytics. |
Detailed competitors of Pragmatix
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Top companies in Business Analytics & Intelligence Tools
10 companies that operate in the same segment as Pragmatix (Business Analytics & Intelligence Tools), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Data, analytics, and AI capabilities are unified in a platform. | 2013 | San Francisco, California, United States | USD 25.18 B | USD 15.9 M | 5,679 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Consumer intelligence-driven mobile marketing platform is provided for user acquisition. | 2005 | Singapore, Singapore | USD 10 M | USD 288.73 M | 618 | |
AI-based solutions for health management are provided. | 2015 | Dallas, Texas, United States | USD 2.8 B | – | 1,111 | |
Artificial intelligence and analytics solutions are provided for enterprise transformation. | 2000 | New York, New York, United States | USD 685 M | USD 270.83 M | 5,217 | |
Cloud based data streaming analytics and governance platform | 2014 | Mountain View, California, United States | USD 456 M | USD 963.64 M | 3,583 | |
Risk assessment and management solutions are provided for enterprises. | 2020 | San Diego, California, United States | USD 328.24 M | – | 2,114 | |
Cloud-based analytics solutions for retail shelf management are delivered. | 2010 | Singapore, Singapore, Singapore | USD 1.03 B | USD 15.24 M | 567 | |
AI based text summarization and contextualization software tool | 2015 | San Francisco, California, United States | USD 222.7 M | – | 194 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 724 |
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Frequently Asked Questions about Pragmatix
Pragmatix was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Pragmatix is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Pragmatix is a funded company, having raised a total of $2.59M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $194.44K, raised on Oct 2013.
Pragmatix has 99 employees.
The primary company behind Pragmatix, Pragmatix Services Private Limited, reported revenue of ₹42.32 Cr for FY 2020, down 12% year on year.
Pragmatix was founded in 2010 and is based in Palo Alto, United States. A platform is offered to deliver business intelligence and risk management solutions for banks and financial institutions. Data and analytics needs are addressed across functional areas including risk management, sales and marketing, financial control, and reporting. Operations focus on supporting these sectors with integrated tools.
Pragmatix's top competitors include Fractal Analytics, Domo and Alteryx.
Pragmatix has 4 investors. Key investors include CRISIL, SIDBI Venture Capital, Anup Basrurkar, and Anup Basrurkar.
Pragmatix operates through Pragmatix Services Private Limited.
Yes. Pragmatix was acquired by CRISIL in November 2017.
The legal entities of Pragmatix currently have 3 directors, including Anupam Mohinder Kaura, Priti Arora, Sanjay Chakravarti.