About Reach Ajcon
Reach Ajcon is a Business Services company based in Mumbai (India) founded in 2013 by Nimish Airon. Business strategy, financial advisory, and insurance consulting services are offered. Reach Ajcon has raised $1.59 million across 5 funding rounds from investors including Felix, Ajcon IT and Divya Raj. The company has 1 employees. Its Indian entity Reach Ajcon Technologies Private Limited reported revenue of ₹1.7 Lakh. Its focus areas include Management Consulting Services and Horizontal.
Company details
Reach Ajcon was established in 2013 in Mumbai, India, as a consultancy firm specializing in the insurance sector. Financial advisory and assistance services are delivered, alongside business strategy support. Operations center on practical consulting for clients in this field, with a focus on realistic solutions. The firm is led by co-founder Nimish Airon.
- Headquarters Mumbai, India
- Employees 1
- Founders Nimish Airon
- SectorsBusiness Services
- Email••••••••
- Website reachajcon.com
- Social LinkedIn
- Legal Name Reach Ajcon Technologies Private Limited
- Date of Incorporation 10 Jan, 2014
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1.7 Lakh
FY 2024 · -77% YoY
- Net Loss-₹44.7 Lakh
FY 2024 · -2670% margin
- EBITDA-₹44.4 Lakh
FY 2024 · -2655% margin
- Total Equity Funding$1.59M (USD)
in 5 rounds
- InvestorsFelix
& 17 more
- Employee Count1
Associated legal entities of Reach Ajcon
Reach Ajcon operates through Reach Ajcon 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 |
|---|---|---|---|---|---|---|---|
| Reach Ajcon Technologies Private Limited CIN U74999MH2014PTC251917 | Active | 10 Jan 2014 | Mumbai, Maharashtra | ₹0.0 Cr | 4 | 3 | View details |
Funding Insights of Reach Ajcon
Reach Ajcon has successfully raised a total of $1.59M across 5 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.
- Total Funding $1.59M
- Total Rounds 5
- First Round $108,263
(Apr 2015)
- Investors Count 18
All 5 funding rounds of Reach Ajcon 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 |
|---|---|---|---|---|---|
| Nov 2019 | Angel Round | – | Divya Raj | – | |
| Jan 2019 | $14,915 | Angel Round | – | Suman Shrivastava | |
| Nov 2017 | $1.41M | Seed | – | Rakesh Bhatia, Felix | |
| Oct 2016 | $48,566 | Angel Round | – | Rajiv Sawhney | |
| Apr 2015 | $108,263 | Seed | – | Ajcon IT | – |
18 investors in total: 3 institutional and 15 angel.
Investors in Reach Ajcon
Reach Ajcon has secured backing from 18 investors, including angel and institutional investors. Prominent investors backing the company include Felix, Ajcon IT and Divya Raj.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Source-to-pay software is provided for vendor and contract management. | 2012 | felix.net | Brisbane, Australia | |
IT support services are provided to businesses in Singapore. | crossroad.com.sg | Singapore, Singapore | ||
Offers software, website development, and media presentation services. | 2000 | ajconit.com | Mumbai, India | |
DR Divya Raj | unknown_a3a2de8981ba4675b | |||
SS Suman Shrivastava | unknown_e2b60641c8f94fe2a | |||
RB Rakesh Bhatia | unknown_87ba3b8dcad2438ca | |||
MC Mark Cullinane | unknown_d359edfccff9417f8 | |||
NN Nilesh Navlakha | unknown_6770d898200c44c78 | |||
PR Pinaki Rath | unknown_54849ad3b2b74d5e8 | |||
SM Sandeep Malik | Angel investor and entrepreneur, focused on tech startups in India. | unknown_715c915a22324371a |
Investor details for Reach Ajcon
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 Reach Ajcon Technologies Private Limited (Reach Ajcon)
Reach Ajcon Technologies Private Limited is the primary company behind Reach Ajcon. The board of Reach Ajcon Technologies Private Limited currently have 3 directors; the longest-serving is Narayanan Arakonimadom Suryanarayanan, appointed in 2014. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Narayanan Arakonimadom Suryanarayanan DIN 02078600 | Director | 10 Jan 2014 | 12 yrs 9 mo | Reach Ajcon Technologies Private Limited |
| Ashok Ajmera Kumar DIN 00812092 | Director | 31 Mar 2014 | 12 yrs 7 mo | Reach Ajcon Technologies Private Limited |
| Anuj Ajmera Ashok DIN 01838428 | Director | 01 Nov 2019 | 7 yrs | Reach Ajcon Technologies Private Limited |
People of Reach Ajcon
1 people are tracked at Reach Ajcon (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Reach Ajcon
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 Reach Ajcon
Figures of Reach Ajcon Technologies Private Limited, the primary company behind Reach Ajcon, for FY 2024. Revenue was ₹1.7 Lakh (-77% year on year). Net loss was -₹44.7 Lakh (-2670% margin). EBITDA was -₹44.4 Lakh (-2655% margin). Revenue has grown at a compounded annual rate of -61% over three years and -48% over five years.
- ₹1.7 LakhRevenue · FY 2024 · -77% YoY
- -₹44.7 LakhNet loss · -2670% margin
- -₹44.4 LakhEBITDA · -2655% margin
- ₹19.7 LakhPaid-up capital
- 4Employees (provident fund records)
- -61%Revenue CAGR, 3 years
- -48%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Reach Ajcon Technologies Private Limited are on its company page.
Detailed financial statements for Reach Ajcon
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 Reach Ajcon
3 dated milestones of Reach Ajcon across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Reach Ajcon is founded.
- Funding First funding round of $108K.
- Funding Latest funding round, Angel Round,.
Top companies in Professional Consulting & Advisory
3 companies that operate in the same segment as Reach Ajcon (Professional Consulting & Advisory) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of end-to-end solutions encompassing talent acquisition, workspace design and management, business operations, and payroll services | 2008 | Bengaluru, Karnataka, India | USD 197.78 M | USD 81.57 M | 341 | |
Provider of facility & project management, advisory, general contracting, and real estate development services | 2010 | Mumbai, Maharashtra, India | USD 117.79 M | USD 62.85 M | 15,502 | |
IT consulting, data analytics, and digital transformation services are provided. | 1990 | Pune, Maharashtra, India | USD 18.8 M | USD 1.57 B | 24,590 |
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Frequently Asked Questions about Reach Ajcon
Reach Ajcon was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Reach Ajcon is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Reach Ajcon is a funded company, having raised a total of $1.59M across 5 funding rounds to date. The company's 1st funding round was a Seed of $108.26K, raised on Apr 2015.
Reach Ajcon has 1 employees.
The primary company behind Reach Ajcon, Reach Ajcon Technologies Private Limited, reported revenue of ₹1.7 Lakh for FY 2024, down 77% year on year.
Reach Ajcon was established in 2013 in Mumbai, India, as a consultancy firm specializing in the insurance sector. Financial advisory and assistance services are delivered, alongside business strategy support. Operations center on practical consulting for clients in this field, with a focus on realistic solutions. The firm is led by co-founder Nimish Airon.
Reach Ajcon operates through Reach Ajcon Technologies Private Limited.
The legal entities of Reach Ajcon currently have 3 directors, including Narayanan Arakonimadom Suryanarayanan, Anuj Ajmera Ashok, Ashok Ajmera Kumar.