About ProtoMinds
ProtoMinds is a Financial Services company based in Milpitas (United States) founded in 2015 by Shri Raju, and was acquired by Xalles in February 2021. Compliance solutions for financial data monitoring and standards are provided. It operates in the Financial Services and Technology sectors. The company has 35 employees. Its chief executive, as recorded, is Shri Raju. Its Indian entity Protominds Software Solutions Private Limited reported revenue of ₹4.79 Cr. ProtoMinds offers products and services including Staff Augmentation, Software Development Outsourcing, Offshore Services, and Managed IT Services. Its focus areas include FinTech, RegTech, Compliance Management and Enterprise Applications. Its competitors include Symphony, EXIGER and Ascent; 2 of its 3 listed competitors have raised funding.
Company details
Founded in 2015 in Milpitas, United States, ProtoMinds operates in the financial compliance sector. Solutions for monitoring data, calculations, risks, and reports are offered in alignment with IFRS and GAAP standards. Specific products include FINICS for IFRS9-based compliance, Zuora RevPro for revenue recognition under ASC 606 and IFRS 15, and Blackline for accounting process standardization.
- Headquarters Milpitas, United States
- Employees 35
- Founders Shri Raju
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Email••••••••
- Phone•••• ••••
- Website protominds.com
- Social LinkedIn X
- Acquired by Xalles (Feb 2021)
- Legal Name Protominds Software Solutions Private Limited
- Date of Incorporation 19 Aug, 2011
- Jurisdiction Chennai, Tamil Nadu, India
Associated legal entities of ProtoMinds
ProtoMinds operates through Protominds Software Solutions 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 |
|---|---|---|---|---|---|---|---|
| Protominds Software Solutions Private Limited CIN U74990TN2011PTC081986 | Active | 19 Aug 2011 | Chennai, Tamil Nadu | ₹4.8 Cr | 35 | 2 | View details |
Products & Services of ProtoMinds
ProtoMinds offers a comprehensive portfolio of products and services, including Staff Augmentation, Software Development Outsourcing, Offshore Services, and Managed IT Services.
Provides skilled professionals for workforce integration and project support.
Delivers customized software solutions for various business needs.
Offers cost-effective IT support from remote locations.
Handles IT maintenance and solutions for ongoing business operations.
Investors in ProtoMinds
ProtoMinds has secured backing from 1 investor. Prominent investors backing the company include Xalles.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fin-tech sector operations are diversified across conglomerate activities by Xalles. | 2009 | xalles.com |
Investor details for ProtoMinds
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Board of directors of Protominds Software Solutions Private Limited (ProtoMinds)
Protominds Software Solutions Private Limited is the primary company behind ProtoMinds. The board of Protominds Software Solutions Private Limited currently have 2 directors; the longest-serving is Keerthipati Raghava Sridhar Raju, appointed in 2011. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Keerthipati Raghava Sridhar Raju DIN 02579031 | Director | 19 Aug 2011 | 15 yrs 2 mo | Protominds Software Solutions Private Limited |
| B Narsimha Reddy DIN 09530298 | Director | 30 Sep 2024 | 2 yrs | Protominds Software Solutions Private Limited |
People of ProtoMinds
5 people are tracked at ProtoMinds (2 in leadership, 3 in team); the tracked headcount is 35.
| Name | Role | Group |
|---|---|---|
Shri Raju | Co-Founder & CEO | Leadership |
Ananthakrishnan L | Head Of Delivery And Operations | Leadership |
Arjun Parameshwar | Software Engineer | Team |
Ratnakar K. | Key Account Manager | Team |
Uvarajan Sundaramoorthy | Senior Engineer in Revpro Support, Implementation and Revenue Analysis | Team |
Complete people profiles for ProtoMinds
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Financials of ProtoMinds
Figures of Protominds Software Solutions Private Limited, the primary company behind ProtoMinds, for FY 2024. Revenue was ₹4.79 Cr (-7% year on year). Net profit was ₹4.7 Lakh (1% margin). EBITDA was ₹17.8 Lakh (4% margin). Revenue has grown at a compounded annual rate of +22% over three years and +2% over five years.
- ₹4.79 CrRevenue · FY 2024 · -7% YoY
- ₹4.7 LakhNet profit · 1% margin
- ₹17.8 LakhEBITDA · 4% margin
- ₹1 LakhPaid-up capital
- 35Employees (provident fund records)
- +22%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Protominds Software Solutions Private Limited are on its company page.
Detailed financial statements for ProtoMinds
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Timeline of ProtoMinds
2 dated milestones of ProtoMinds across 6 years, from founding to its latest funding, stage changes and deals.
- Founded ProtoMinds is founded.
- Exit Acquired by Xalles.
Competitors of ProtoMinds
ProtoMinds has 3 listed competitors in our database, 2 of them funded. They include Symphony, EXIGER and Ascent.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| symphony.com | 2014 | New York, United States | $461M | Compliance management solutions for financial institutions | ||
| exiger.com | 2013 | New York, United States | $80M | Third-party risks and supply chains are managed via AI platform. | ||
| ascentpgm.com | 2015 | Anchorage, United States | Strategy management consulting services are provided by Ascent. |
Detailed competitors of ProtoMinds
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Top companies in Regulatory & Compliance Tech
3 companies that operate in the same segment as ProtoMinds (Regulatory & Compliance Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
CLEAR is focused on secure identity verification for seamless experiences. | 2010 | New York, New York, United States | USD 135 M | USD 900.78 M | 4,019 | |
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 | |
Compliance management solutions for financial institutions | 2014 | New York, New York, United States | USD 461 M | 815 |
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Related news about Protominds
Complete news archive for ProtoMinds
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Frequently Asked Questions about ProtoMinds
ProtoMinds was founded in 2015.
ProtoMinds is headquartered in Milpitas, United States. It is registered at Milpitas, California, United States.
Shri Raju is the CEO of ProtoMinds, as recorded in our data. They have also founded this company.
ProtoMinds has 35 employees.
The primary company behind ProtoMinds, Protominds Software Solutions Private Limited, reported revenue of ₹4.79 Cr for FY 2024, down 7% year on year.
Founded in 2015 in Milpitas, United States, ProtoMinds operates in the financial compliance sector. Solutions for monitoring data, calculations, risks, and reports are offered in alignment with IFRS and GAAP standards. Specific products include FINICS for IFRS9-based compliance, Zuora RevPro for revenue recognition under ASC 606 and IFRS 15, and Blackline for accounting process standardization.
ProtoMinds offers Staff Augmentation, Software Development Outsourcing, Offshore Services, and Managed IT Services.
ProtoMinds has 1 investor. Key investors include Xalles.
ProtoMinds operates through Protominds Software Solutions Private Limited.
Yes. ProtoMinds was acquired by Xalles in February 2021.
The legal entities of ProtoMinds currently have 2 directors, including B Narsimha Reddy, Keerthipati Raghava Sridhar Raju.