RNIT Solutions & Services

Hyderabad, India Founded: 2019 • Age: 7 yrs
Provider of horizontal application development services
Annual revenue $1.5M Latest available
Total funding $340,858 1 rounds
Employees 56 Tracked headcount
Investors 1 Known backers
Products 8 Services tracked
Competitors 11 Brand Intelligence

About RNIT Solutions & Services

RNIT Solutions & Services is a company based in Hyderabad (India) founded in 2019 by Raja Srinivas Nandigam. RNIT Solutions & Services has raised $340.86 thousand across 1 funding round from investors including GA Capital Management. The company has 56 employees as of April 08, 2024. RNIT Solutions & Services offers products and services including Real-time Identification Management System, Education Management System, Health Care Management System, Real-time Digital Inspection System, and Faceify. RNIT Solutions & Services operates in a competitive market with competitors including TaskUs, AlmavivA, Hedgehog lab, Hancom and Hypergiant, among others.

  • Headquarter Hyderabad, India
  • Employees 56 as on 08 Apr, 2024
  • Founders Raja Srinivas Nandigam
  • Stage Minicorn
  • Sectors
    Technology
  • Phone
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  • Website
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  • Legal Name Rnit Solutions And Services Limited
  • Date of Incorporation 23 Apr, 2019
  • Jurisdiction Hyderabad, Telangana, India
Operational Areas
Technology → Artificial Intelligence & Machine Learning Unlock Sub-Sector Unlock Segment
Technology → Enterprise IT Services & Distribution Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $1.47 M (USD)
    -28.95
    as on Mar 31, 2023
  • Net Profit
    $210.15 K (USD)
    -0.42
    as on Mar 31, 2023
  • EBITDA
    $516 K (USD)
    9.79
    as on Mar 31, 2023
  • Total Equity Funding
    $340.86 K (USD)

    in 1 rounds

  • Latest Funding Round
    $340.86 K (USD), Seed

    Feb 28, 2023

  • Investors
  • Employee Count
    56

    as on Apr 08, 2024

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Products & Services of RNIT Solutions & Services

RNIT Solutions & Services offers a comprehensive portfolio of products and services, including Real-time Identification Management System, Education Management System, Health Care Management System, Real-time Digital Inspection System, and Faceify.

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Primary

System for AI-based facial recognition in government use

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Tool for managing attendance and operations in schools

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System for health data and monitoring services

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Platform for facility inspections and resource tracking

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Software for identity authentication and verification

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ERP for digitizing departmental processes and transactions

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System for endpoint monitoring and alerting

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Tool for real-time data tracking and alerts

Funding Insights of RNIT Solutions & Services

RNIT Solutions & Services has successfully raised a total of $340.86K through 1 strategic funding round. The most recent funding activity was a Seed round of $340.86 thousand completed in February 2023. 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.

Investors in RNIT Solutions & Services

RNIT Solutions & Services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include GA Capital Management.

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Institutional
Investor Description Founded Year Domain Location
Capital investment, management, and financial services are provided.
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Investor details for RNIT Solutions Services

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Investments & Acquisitions by RNIT Solutions & Services

Investments
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Investment portfolio details for RNIT Solutions Services

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Financial Statements - RNIT Solutions Services

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Detailed financials for RNIT Solutions Services

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  • Profit trends
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Rnit Solutions & Services Comparisons

RNIT Solutions & Services Primary company
Description
Provider of horizontal application development services
Location
Hyderabad, India
Founded Year
2019
Annual Revenue
$1.47 M (USD)
Net Profit
$210.15 K (USD)
EBITDA
$516 K (USD)
Employees
56
As of 2024
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Peer comparison for RNIT Solutions Services

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Competitors of RNIT Solutions & Services

RNIT Solutions & Services 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 TaskUs, AlmavivA, Hedgehog lab, Hancom and Hypergiant, among others.

Company Name Domain Founded year HQ Location Description
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Provider of customer care and back office support services for multiple sectors
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IT services suite solutions are provided globally by AlmavivA.
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Mobile application development and UX design services are provided.
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Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
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Artificial intelligence and machine learning solutions are developed for enterprises.
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Integrated digital marketing campaigns are developed and executed across channels.
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Detailed competitors of RNIT Solutions Services

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Latest news on Rnit Solutions & Services

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Complete news archive for RNIT Solutions Services

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Frequently Asked Questions about RNIT Solutions & Services

RNIT Solutions & Services was founded in 2019 and raised its 1st funding round 4 years after it was founded.

RNIT Solutions & Services is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.

Raja Srinivas Nandigam is the current CEO of RNIT Solutions & Services. They have also founded this company.

RNIT Solutions & Services is a funded company, having raised a total of $340.86K across 1 funding round to date.

As of Apr 08, 2024, the latest employee count at RNIT Solutions & Services is 56.

Annual revenue of RNIT Solutions & Services is $1.47M as on Mar 31, 2023.

RNIT Solutions Services, founded in 2019 in Hyderabad, India, focuses on providing business support, providing IT services, application development, and horizontal. Provider of horizontal application development services. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.

RNIT Solutions & Services's top competitors include TaskUs, Saksoft and Hedgehog lab.

RNIT Solutions & Services offers Real-time Identification Management System, Education Management System, Health Care Management System, Real-time Digital Inspection System, and 4 more products and services.

RNIT Solutions & Services has 1 investor. Key investors include GA Capital Management.

The valuation of RNIT Solutions & Services is $6.8M as of Feb 2023.

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