About Reachwell
Reachwell is a company based in Bengaluru (India) founded in 2004. It operates as a B2B. Reachwell operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Bengaluru, India
- SectorsTechnology
- Website reachwell.net
- Legal Name Reachwell Software Services Private Limited
- Date of Incorporation 06 Sep, 1993
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹38.2 Lakh
FY 2024 · +9% YoY
- Net Loss-₹2.6 Lakh
FY 2024 · -7% margin
- EBITDA-₹1.6 Lakh
FY 2024 · -4% margin
Associated legal entities of Reachwell
Reachwell operates through Reachwell Software Services 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 |
|---|---|---|---|---|---|---|---|
| Reachwell Software Services Private Limited CIN U72900KA1993PTC014710 | Active | 06 Sep 1993 | Bangalore, Karnataka | ₹0.4 Cr | – | 4 | View details |
Board of directors of Reachwell Software Services Private Limited (Reachwell)
Reachwell Software Services Private Limited is the primary company behind Reachwell. The board of Reachwell Software Services Private Limited currently have 4 directors; the longest-serving is Gouri Shankar Srinivas Polisetty, appointed in 2004. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gouri Shankar Srinivas Polisetty DIN 00184075 | Director | 30 Sep 2004 | 22 yrs | Reachwell Software Services Private Limited |
| Prasanna Kumar Pete DIN 03480890 | Director | 27 Mar 2019 | 7 yrs 6 mo | Reachwell Software Services Private Limited |
| Nanjappa Karathachira Kariappa DIN 07001620 | Director | 27 Mar 2019 | 7 yrs 6 mo | Reachwell Software Services Private Limited |
| Sashikala Polisetty DIN 03203901 | Director | 27 Mar 2019 | 7 yrs 6 mo | Reachwell Software Services Private Limited |
Financials of Reachwell
Figures of Reachwell Software Services Private Limited, the primary company behind Reachwell, for FY 2024. Revenue was ₹38.2 Lakh (+9% year on year). Net loss was -₹2.6 Lakh (-7% margin). EBITDA was -₹1.6 Lakh (-4% margin). Revenue has grown at a compounded annual rate of -21% over three years and -12% over five years.
- ₹38.2 LakhRevenue · FY 2024 · +9% YoY
- -₹2.6 LakhNet loss · -7% margin
- -₹1.6 LakhEBITDA · -4% margin
- ₹1 LakhPaid-up capital
- -21%Revenue CAGR, 3 years
- -12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Reachwell Software Services Private Limited are on its company page.
Detailed financial statements for Reachwell
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- Statement rows
- Financial ratios
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Verified entity values are shown only after access is granted.
Competitors of Reachwell
Reachwell operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 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 | $19.5M | 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. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| endava.com | 2000 | London, United Kingdom | – | 12,063 | Endava is engaged in digital transformation and AI-driven solutions. |
Detailed competitors of Reachwell
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Similar companies to Reachwell
10 companies that operate in the same segment as Reachwell (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 | 1,240 | |
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 | – | – | |
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 | 3,200 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | – | |
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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Frequently Asked Questions about Reachwell
Reachwell was founded in 2004.
Reachwell is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Reachwell, Reachwell Software Services Private Limited, reported revenue of ₹38.2 Lakh for FY 2024, up 9% year on year.
Reachwell delivers comprehensive software development, data center, and it consulting services through leveraging cutting-edge technology, information technology, creating custom software solutions, and providing IT consulting. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Reachwell's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Reachwell operates through Reachwell Software Services Private Limited.
The legal entities of Reachwell currently have 4 directors, including Prasanna Kumar Pete, Gouri Shankar Srinivas Polisetty, Nanjappa Karathachira Kariappa and others.