About PY Technology
PY Technology is a Technology company based in Mumbai (India) founded in 2010 by Champaklal Vasani, and was acquired by FarEye in March 2021. ERP solutions for logistics operations are developed and integrated. It operates in the Technology and Transportation, Automotive & Logistics sectors. Its Indian entity Py Technology Private Limited reported revenue of ₹2.55 Cr. The company was acqui-hired. Its focus areas include Enterprise Applications, Enterprise Resource Planning, Logistics and Ecommerce. Its competitors include Shiprocket and Pickrr; 2 of its 2 listed competitors have raised funding.
Company details
PY Technology was founded in 2010 in Mumbai, India, as an enterprise software provider. An ERP system called LogiTrack is targeted at the logistics sector, with modules covering shipment management, client management, vendor management, HR, customer services, and branch management. API tracking is integrated with key Indian eCommerce platforms including Jabong, Snapdeal, and Myntra. Operations focus on streamlining logistics processes for businesses.
- Headquarters Mumbai, India
- Founders Champaklal Vasani
- Stage Acquired
- SectorsTechnologyTransportation, Automotive & Logistics
- Website pytech.in
- Acquired by FarEye (Mar 2021)
- Legal Name Py Technology Private Limited
- Date of Incorporation 09 Sep, 2014
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of PY Technology
PY Technology operates through Py Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Py Technology Private Limited CIN U72900MH2014PTC257873 | Active | 09 Sep 2014 | Mumbai, Maharashtra | ₹2.6 Cr | 2 | View details |
Investors in PY Technology
PY Technology has secured backing from 1 investor. Prominent investors backing the company include FarEye.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Last-mile delivery operations are managed through SaaS and AI solutions. | 2013 | fareye.com | Chicago, United States |
Investor details for PY Technology
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Py Technology Private Limited (PY Technology)
Py Technology Private Limited is the primary company behind PY Technology. The board of Py Technology Private Limited currently have 2 directors; the longest-serving is Neha Jignesh Vasani, appointed in 2015. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Neha Jignesh Vasani DIN 07163185 | Director | 20 Apr 2015 | 11 yrs 6 mo | Py Technology Private Limited |
| Ranjan Champaklal Vasani DIN 09729138 | Director | 07 Sep 2022 | 4 yrs 2 mo | Py Technology Private Limited |
People of PY Technology
1 people are tracked at PY Technology (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for PY Technology
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of PY Technology
Figures of Py Technology Private Limited, the primary company behind PY Technology, for FY 2025. Revenue was ₹2.55 Cr (-16% year on year). Net profit was ₹2.5 Lakh (1% margin). EBITDA was ₹4.6 Lakh (2% margin). Revenue has grown at a compounded annual rate of -15% over three years and -5% over five years.
- ₹2.55 CrRevenue · FY 2025 · -16% YoY
- ₹2.5 LakhNet profit · 1% margin
- ₹4.6 LakhEBITDA · 2% margin
- ₹1 LakhPaid-up capital
- -15%Revenue CAGR, 3 years
- -5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Py Technology Private Limited are on its company page.
Detailed financial statements for PY Technology
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of PY Technology
2 dated milestones of PY Technology across 11 years, from founding to its latest funding, stage changes and deals.
- Founded PY Technology is founded.
- Exit Acquired by FarEye.
Competitors of PY Technology
PY Technology has 2 listed competitors in our database, 2 of them funded. They include Shiprocket and Pickrr.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| shiprocket.in | 2012 | Gurugram, India | $321.57M | 2,607 | E-commerce tools for shipping, marketing, and financial services are provided. | |
| pickrr.com | 2015 | Gurugram, India | $16.36M | AI-based logistics solutions are provided for shipping and tracking. |
Detailed competitors of PY Technology
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about PY Technology
PY Technology was founded in 2010.
PY Technology is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind PY Technology, Py Technology Private Limited, reported revenue of ₹2.55 Cr for FY 2025, down 16% year on year.
PY Technology was founded in 2010 in Mumbai, India, as an enterprise software provider. An ERP system called LogiTrack is targeted at the logistics sector, with modules covering shipment management, client management, vendor management, HR, customer services, and branch management. API tracking is integrated with key Indian eCommerce platforms including Jabong, Snapdeal, and Myntra. Operations focus on streamlining logistics processes for businesses.
PY Technology's top competitors include Shiprocket and Pickrr.
PY Technology has 1 investor. Key investors include FarEye.
PY Technology operates through Py Technology Private Limited.
Yes. PY Technology was acquired by FarEye in March 2021.
The legal entities of PY Technology currently have 2 directors, including Ranjan Champaklal Vasani, Neha Jignesh Vasani.