About Prodapt
Prodapt is a company based in Chennai (India) founded in 1999 by Vedant Jhaver. Prodapt has raised $75.45 million across 3 funding rounds from investors including ServiceNow, Liberty Global and Affirma Capital. The company has 3,648 employees as of April 03, 2024. Prodapt has completed 3 acquisitions, including Innovative Logic, SLR Dynamics and Synophic. Prodapt offers products and services including Generative Enterprise Modernization, Generative Digital Engineering, Data Modernization & AI, Autonomous Operations, and ServiceNow. Prodapt operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
- Headquarter Chennai, India
- Employees 3648 as on 03 Apr, 2024
- Founders Vedant Jhaver
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Prodapt Solutions Pvt. Ltd.
- Jurisdiction Chennai City Corporation, Tamil Nadu, India
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Annual Revenue
$218.96 M (USD)45.7as on Mar 31, 2023
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Net Profit
$26.26 M (USD)10.2as on Mar 31, 2023
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EBITDA
$39.07 M (USD)52.38as on Mar 31, 2023
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Total Equity Funding
$75.45 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
ServiceNow
& 2 more
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Employee Count
3648
as on Apr 03, 2024
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Investments & Acquisitions
Innovative Logic
& 2 more
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Products & Services of Prodapt
Prodapt offers a comprehensive portfolio of products and services, including Generative Enterprise Modernization, Generative Digital Engineering, Data Modernization & AI, Autonomous Operations, and ServiceNow.
AI suite for modernizing tech stacks in telecommunications.
Services for accelerating product engineering and testing.
Solutions for designing enterprise data platforms and AI adoption.
AI-first managed services for IT and network operations.
Accelerators for business workflows and cloud integration.
People of Prodapt
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Funding Insights of Prodapt
Prodapt has successfully raised a total of $75.45M across 3 strategic funding rounds. 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.
Investors in Prodapt
Prodapt has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include ServiceNow, Liberty Global and Affirma Capital.
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Acquisitions and buyouts are targeted by the private equity firm.
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Unified IT management is delivered through a cloud-based platform.
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Mobile communication and broadband network services are provided worldwide.
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Investor details for Prodapt
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Investments & Acquisitions by Prodapt
Prodapt has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Innovative Logic, SLR Dynamics and Synophic.
Investment portfolio details for Prodapt
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Managed IT services are provided to businesses by SLR Dynamics.
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IT service suite solutions are provided to clients.
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ASIC, FPGA, and firmware design services with IP are provided.
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Complete acquisition details for Prodapt
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Financial Statements - Prodapt
Detailed financials for Prodapt
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Prodapt Comparisons
Peer comparison for Prodapt
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- Headcount comparison
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Competitors of Prodapt
Prodapt 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 NTT DATA, among others.
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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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IT outsourcing services are delivered across multiple business lines.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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Multi-access edge networking computing platform is provided for mobile services.
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Detailed competitors of Prodapt
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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Latest news on Prodapt
Complete news archive for Prodapt
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Frequently Asked Questions about Prodapt
Prodapt was founded in 1999 and raised its 1st funding round 18 years after it was founded.
Prodapt is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Manish Vyas is the current CEO of Prodapt.
Prodapt is a funded company, having raised a total of $75.45M across 3 funding rounds to date.
As of Apr 03, 2024, the latest employee count at Prodapt is 3,648.
Annual revenue of Prodapt is $218.96M as on Mar 31, 2023.
Prodapt was founded in 1999 and is headquartered in Chennai, India. Operations are focused on the IT services sector, where solutions are delivered to businesses globally. Services encompass IT agility, digital transformation, network design and implementation, and product engineering. The company supports various industries through these technical offerings, with leadership including a founder and CEO.
Prodapt's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
Prodapt offers Generative Enterprise Modernization, Generative Digital Engineering, Data Modernization & AI, Autonomous Operations, and ServiceNow.
Prodapt has made 3 acquisitions, including Innovative Logic, SLR Dynamics, and Synophic.
Prodapt has 3 investors. Key investors include ServiceNow, Liberty Global, and Affirma Capital.
The valuation of Prodapt is $23.86M as of Jan 2017.