About Ray Business Technologies
Ray Business Technologies is a Technology company based in Hyderabad (India) founded in 2009 by Ajay Ray and Ajay Gupta. End-to-end IT services are delivered to businesses across multiple sectors. Ray Business Technologies has raised $52.35 thousand across 1 funding round from investors including MATRIX ONLINE SOLUTIONS. The company has 136 employees. Ray Business Technologies has completed 1 acquisition, including QuickEdmin. Ray Business Technologies was last valued at $130.52 thousand in January 2010. Its Indian entity Ray Business Technologies Private Limited reported revenue of ₹57.05 Cr. Ray Business Technologies offers products and services including AI Solutions, Dynamics 365, Boomi Integrations, and Microsoft Azure. Its focus areas include Business Services, IT Services, Suite and AI Services. Its competitors include Happiest Minds, GirnarSOFT and Datamatics; 3 of its 3 listed competitors have raised funding.
Company details
Ray Business Technologies was founded in 2009 and is headquartered in Hyderabad, India. IT services are provided to sectors including BFSI, healthcare, manufacturing, retail, media and entertainment, travel and hospitality, telecom, energy, and utilities. Offerings encompass business application development, enterprise solutions, collaboration tools, testing and quality assurance, embedded systems, cloud computing, AI solutions, and IT management. Operations focus on comprehensive support for business needs.
- Headquarters Hyderabad, India
- Employees 136
- Founders Ajay Ray, Ajay Gupta
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website raybiztech.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Ray Business Technologies Private Limited
- Date of Incorporation 12 Oct, 2009
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹57.05 Cr
FY 2024 · +21% YoY
- Net Profit₹4.96 Cr
FY 2024 · 9% margin
- EBITDA₹7.27 Cr
FY 2024 · 13% margin
- Total Equity Funding$52.35K (USD)
in 1 rounds
- Latest Funding Round$52.35K (USD), Seed
Jan 2010
- Employee Count136
- Investments & Acquisitions
Associated legal entities of Ray Business Technologies
Ray Business Technologies operates through Ray Business Technologies 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 |
|---|---|---|---|---|---|---|---|
| Ray Business Technologies Private Limited CIN U72200TG2009PTC065423 | Active | 12 Oct 2009 | Hyderabad, Telangana | ₹57.1 Cr | 136 | 3 | View details |
Products & Services of Ray Business Technologies
Ray Business Technologies offers a comprehensive portfolio of products and services, including AI Solutions, Dynamics 365, Boomi Integrations, and Microsoft Azure.
Delivers conversational AI and document automation for business processes
Provides ERP and CRM tools to streamline operations and analytics
Enables seamless application connections for data unification
Offers scalable cloud infrastructure for secure data management
Apps and channels of Ray Business Technologies
its YouTube channel Ray Business Technologies has 2.17K subscribers and 30 videos.
Videos from Ray Business Technologies
The most watched videos on Ray Business Technologies's YouTube channel, Ray Business Technologies (2.17K subscribers). Click a video to play it here.
More on Ray Business Technologies.
Funding Insights of Ray Business Technologies
Ray Business Technologies has successfully raised a total of $52.35K through 1 strategic funding round. The most recent funding activity was a Seed round of $52.35 thousand completed in January 2010. 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 $52,347
- Total Rounds 1
- Last Round Seed — $52,347
- First Round $52,347
(Jan 2010)
- Investors Count 1
All 1 funding rounds of Ray Business Technologies 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 |
|---|---|---|---|---|---|
| Jan 2010 | $52,347 | Seed | $130,524 | MATRIX ONLINE SOLUTIONS | – |
Last known valuation $130,524 (Jan 2010). 1 investors in total: 1 institutional.
Investors in Ray Business Technologies
Ray Business Technologies has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include MATRIX ONLINE SOLUTIONS.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on multiple sectors | matrixonlinesolutions.tcc.mode | Ludhiana, India |
Investor details for Ray Business Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Ray Business Technologies Private Limited (Ray Business Technologies)
Ray Business Technologies Private Limited is the primary company behind Ray Business Technologies. The board of Ray Business Technologies Private Limited currently have 3 directors; the longest-serving is Ajaykumar Ray Harihar, appointed in 2009. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajaykumar Ray Harihar DIN 02793846 | Director | 12 Oct 2009 | 17 yrs | Ray Business Technologies Private Limited |
| Ajay Kumar Gupta DIN 05205250 | Director | 02 Apr 2012 | 14 yrs 6 mo | Ray Business Technologies Private Limited |
| Rachana Ray DIN 08128570 | Director | 08 Jul 2024 | 2 yrs 3 mo | Ray Business Technologies Private Limited |
People of Ray Business Technologies
31 people are tracked at Ray Business Technologies (7 in leadership, 24 in team); the tracked headcount is 136.
| Name | Role | Group |
|---|---|---|
Ajay Ray | Co-Founder & Managing Director | Leadership |
| Co-Founder & COO | Leadership | |
Eugene Paden | Chief Technology Officer | Leadership |
Srinivas Suppala | Head, User Experience | Leadership |
Danish Khan | Vice President Operations | Leadership |
Mohsin Mohammed Khan | Sr. Head Strategic Alliance & Sales India & Middle East | Leadership |
Mahendra Mishra | Operation Head And Delivery Manager Australia | Leadership |
Naveen Kunchakuri | Senior Project Manager | Team |
Sarang Gaikhar | Module Lead | Team |
Swapna Narayandas | Technical Manager | Team |
Vasu Yerramsetti | Solution Architect, CMS | Team |
Rajesh Chungath | Solution Architect, Microsoft Technologies | Team |
Julius Albin Lim | Principal Technology Architect | Team |
Venkat Boosa | Marketing Team Lead | Team |
Satish Kubal | Information Technology Manager | Team |
Varalakshmi M | Usability Engineer | Team |
Revathi Subramanyam Pulupula | Devops Engineer | Team |
Ranjitha Paramesh | Senior Manager - Cyber Fusion Centre | Team |
Khumukcham Rajeshwar Singh | Team Lead | Team |
Sada Sairam | Devops Engineer | Team |
11 more people are available in the full profile.
Complete people profiles for Ray Business Technologies
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Financials of Ray Business Technologies
Figures of Ray Business Technologies Private Limited, the primary company behind Ray Business Technologies, for FY 2024. Revenue was ₹57.05 Cr (+21% year on year). Net profit was ₹4.96 Cr (9% margin). EBITDA was ₹7.27 Cr (13% margin). Revenue has grown at a compounded annual rate of +34% over three years and +26% over five years.
- ₹57.05 CrRevenue · FY 2024 · +21% YoY
- ₹4.96 CrNet profit · 9% margin
- ₹7.27 CrEBITDA · 13% margin
- ₹1.00 CrPaid-up capital
- 136Employees (provident fund records)
- +34%Revenue CAGR, 3 years
- +26%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ray Business Technologies Private Limited are on its company page.
Detailed financial statements for Ray Business Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Ray Business Technologies
Ray Business Technologies has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include QuickEdmin.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Limited information available | quickedmin.com | Hyderabad, India | 2016 | Jul 2016 | •••• |
Complete acquisition details for Ray Business Technologies
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Ray Business Technologies
3 dated milestones of Ray Business Technologies across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Ray Business Technologies is founded.
- Funding First funding round of $52K.
- Acquisition Acquires QuickEdmin.
Competitors of Ray Business Technologies
Ray Business Technologies has 3 listed competitors in our database, 3 of them funded. They include Happiest Minds, GirnarSOFT and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| 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 Ray Business Technologies
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Web traffic of Ray Business Technologies
The website of Ray Business Technologies (raybiztech.com) receives about 7K visits a month.
- Monthly visits7K
▲ 37.4% vs previous month
Websites whose visitors overlap most with Ray Business Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| cattechnologies.com | 100% | View details | |||
| fissionlabs.com | 98% | 7.1K | #2,987,328 | View details | |
| focussoftnet.com | 92% | 48.2K | #719,535 | View details | |
zazz.io | zazz.io | 88% | #886,680 | – | |
| sparkinfosys.com | 86% | #6,122,858 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Ray Business Technologies
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Related news about Ray Business Technologies
Complete news archive for Ray Business Technologies
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Frequently Asked Questions about Ray Business Technologies
Ray Business Technologies was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Ray Business Technologies is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Ray Business Technologies is a funded company, having raised a total of $52.35K across 1 funding round to date. The company's 1st funding round was a Seed of $52.35K, raised on Jan 2010.
Ray Business Technologies has 136 employees.
The primary company behind Ray Business Technologies, Ray Business Technologies Private Limited, reported revenue of ₹57.05 Cr for FY 2024, up 21% year on year.
Ray Business Technologies was founded in 2009 and is headquartered in Hyderabad, India. IT services are provided to sectors including BFSI, healthcare, manufacturing, retail, media and entertainment, travel and hospitality, telecom, energy, and utilities. Offerings encompass business application development, enterprise solutions, collaboration tools, testing and quality assurance, embedded systems, cloud computing, AI solutions, and IT management. Operations focus on comprehensive support for business needs.
Ray Business Technologies's top competitors include Happiest Minds, GirnarSOFT and Datamatics.
Ray Business Technologies offers AI Solutions, Dynamics 365, Boomi Integrations, and Microsoft Azure.
Ray Business Technologies has made 1 acquisition, including QuickEdmin.
Ray Business Technologies has 1 investor. Key investors include MATRIX ONLINE SOLUTIONS.
The valuation of Ray Business Technologies is $130.52K as of Jan 2010.
Ray Business Technologies operates through Ray Business Technologies Private Limited.