About ProvenTech
ProvenTech is a Technology company based in Hyderabad (India) founded in 2020, and was acquired by NTT DATA Business Solutions in June 2024. It operates as a provider of data analytics, ERP, blockchain, and other services. ProvenTech has raised $119.83 thousand across 1 funding round from investors including NTT DATA Business Solutions and Sagitaur. The company has 230 employees. ProvenTech was last valued at $799.06 thousand in October 2021. Its chief executive is Raju Venkata. Its Indian entity Proventech Consulting Private Limited reported revenue of ₹28.87 Cr. Its focus areas include Business Services, IT Services and Suite. Its competitors include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture and 4 more; 4 of its 9 listed competitors have raised funding.
Company details
ProvenTech, backed by 119828.0 from Sagitaur, focuses on providing business support, providing IT services, and suite. Provider of data analytics, ERP, blockchain, and other services. Driving innovation, growth, and excellence in its industry sectors. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Hyderabad, India
- Employees 230
- Stage Acquired
- SectorsTechnology
- Website proventech.in
- Social X Facebook
- Acquired by NTT DATA Business Solutions (Jun 2024)
- Legal Name Proventech Consulting Private Limited
- Date of Incorporation 14 Feb, 2020
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹28.87 Cr
FY 2024 · +83% YoY
- Net Profit₹6.55 Cr
FY 2024 · 23% margin
- EBITDA₹9.48 Cr
FY 2024 · 33% margin
- Total Equity Funding$119.83K (USD)
in 1 rounds
- Latest Funding Round$119.83K (USD), Seed
Oct 2021
- InvestorsNTT DATA Business Solutions
& 1 more
- Employee Count230
- Acquired byNTT DATA Business Solutions
(Jun 2024)
Associated legal entities of ProvenTech
ProvenTech operates through Proventech Consulting 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 |
|---|---|---|---|---|---|---|---|
| Proventech Consulting Private Limited CIN U72900TG2020PTC139246 | Active | 14 Feb 2020 | Hyderabad, Telangana | ₹28.9 Cr | 230 | 5 | View details |
Funding Insights of ProvenTech
ProvenTech has successfully raised a total of $119.83K through 1 strategic funding round. The most recent funding activity was a Seed round of $119.83 thousand completed in October 2021. 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 $119,828
- Total Rounds 1
- Last Round Seed — $119,828
- First Round $119,828
(Oct 2021)
- Investors Count 1
All 1 funding rounds of ProvenTech 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 |
|---|---|---|---|---|---|
| Oct 2021 | $119,828 | Seed | $799,060 | Sagitaur | – |
Last known valuation $799,060 (Oct 2021). 2 investors in total: 2 institutional.
Investors in ProvenTech
ProvenTech has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include NTT DATA Business Solutions and Sagitaur.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Develops solar power parks, infrastructure, and maintenance services for green energy. | – | sagitaur.com | Bengaluru, India | |
Offers a comprehensive suite of IT services to support and streamline daily business operations. | 1989 | nttdata-solutions.com | Hyderabad, India |
Investor details for ProvenTech
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Board of directors of Proventech Consulting Private Limited (ProvenTech)
Proventech Consulting Private Limited is the primary company behind ProvenTech. The board of Proventech Consulting Private Limited currently have 4 directors; the longest-serving is Venkata Krishnam Raju Pericherla, appointed in 2020. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venkata Krishnam Raju Pericherla DIN 08749073 | Director | 02 Nov 2020 | 5 yrs 11 mo | Proventech Consulting Private Limited |
| Akshay Surana DIN 11553148 | CFO | 09 Aug 2024 | 2 yrs 2 mo | Proventech Consulting Private Limited |
| Krunal Dipakbhai Patel DIN 08526552 | Director | 15 Nov 2024 | 1 yr 11 mo | Proventech Consulting Private Limited |
| Taku Kawaai DIN 10864611 | Director | 04 Jun 2025 | 1 yr 4 mo | Proventech Consulting Private Limited |
People of ProvenTech
1 people are tracked at ProvenTech (1 in leadership); the tracked headcount is 230.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership |
Complete people profiles for ProvenTech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of ProvenTech
Figures of Proventech Consulting Private Limited, the primary company behind ProvenTech, for FY 2024. Revenue was ₹28.87 Cr (+83% year on year). Net profit was ₹6.55 Cr (23% margin). EBITDA was ₹9.48 Cr (33% margin). Revenue has grown at a compounded annual rate of +139% over three years.
- ₹28.87 CrRevenue · FY 2024 · +83% YoY
- ₹6.55 CrNet profit · 23% margin
- ₹9.48 CrEBITDA · 33% margin
- ₹1.3 LakhPaid-up capital
- 230Employees (provident fund records)
- +139%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Proventech Consulting Private Limited are on its company page.
Detailed financial statements for ProvenTech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of ProvenTech
3 dated milestones of ProvenTech across 4 years, from founding to its latest funding, stage changes and deals.
- Founded ProvenTech is founded.
- Funding First funding round of $120K.
- Exit Acquired by NTT DATA Business Solutions.
Competitors of ProvenTech
ProvenTech has 9 listed competitors in our database, 4 of them funded. They include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ust.com.tw | 1998 | Taiwan | – | – | High-quality office furniture is provided by UST for various needs. | |
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| ionos.com | 1988 | Chesterbrook, United States | – | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | |
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| accenture.com | 1989 | Dublin, Ireland | – | 29 | IT and management consultancy services are provided globally. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. | |
| girnarsoft.com | 2007 | Jaipur, India | $736.02M | 6,709 | Provider of website, web & mobile application development, BI, and digital marketing services | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed competitors of ProvenTech
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of ProvenTech
The website of ProvenTech (proventech.in) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 40.2% vs previous month
Top companies in IT Services & Operations
10 companies that operate in the same segment as ProvenTech (IT Services & Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | 1,898 | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 5,196 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | 7,596 | |
IT outsourcing services are delivered across multiple business lines. | 2011 | Bengaluru, Karnataka, India | USD 64.83 M | USD 246.74 M | 5,260 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 |
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Related news about Proventech
Complete news archive for ProvenTech
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Frequently Asked Questions about ProvenTech
ProvenTech was founded in 2020 and raised its 1st funding round 1 year after it was founded.
ProvenTech is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Raju Venkata is the current CEO of ProvenTech.
ProvenTech is a funded company, having raised a total of $119.83K across 1 funding round to date. The company's 1st funding round was a Seed of $119.83K, raised on Oct 2021.
ProvenTech has 230 employees.
The primary company behind ProvenTech, Proventech Consulting Private Limited, reported revenue of ₹28.87 Cr for FY 2024, up 83% year on year.
ProvenTech, backed by 119828.0 from Sagitaur, focuses on providing business support, providing IT services, and suite. Provider of data analytics, ERP, blockchain, and other services. Driving innovation, growth, and excellence in its industry sectors. It continues to evolve, meeting industry challenges with strategic approaches.
ProvenTech's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
ProvenTech has 2 investors. Key investors include NTT DATA Business Solutions, and Sagitaur.
The valuation of ProvenTech is $799.06K as of Oct 2021.
ProvenTech operates through Proventech Consulting Private Limited.
Yes. ProvenTech was acquired by NTT DATA Business Solutions in June 2024.