About RNIT Solutions & Services
RNIT Solutions & Services is a Technology company based in Hyderabad (India) founded in 2019 by Raja Srinivas Nandigam. Provider of horizontal application development services. RNIT Solutions & Services has raised $340.86 thousand across 1 funding round from investors including GA Capital Management. The company has 56 employees. RNIT Solutions & Services was last valued at $6.8 million in February 2023. Its chief executive, as recorded, is Raja Srinivas Nandigam. Its Indian entity Rnit Solutions And Services Limited reported revenue of ₹12.23 Cr. 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. Its focus areas include Business Services, IT Services, Application Development and Horizontal.
Company details
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.
- Headquarters Hyderabad, India
- Employees 56
- Founders Raja Srinivas Nandigam
- Stage Minicorn
- SectorsTechnology
- Website rnitss.com
- Social LinkedIn Facebook YouTube
- Legal Name Rnit Solutions And Services Limited
- Date of Incorporation 23 Apr, 2019
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹12.23 Cr
FY 2023 · -29% YoY
- Net Profit₹1.75 Cr
FY 2023 · 14% margin
- EBITDA₹2.90 Cr
FY 2023 · 24% margin
- Total Equity Funding$340.86K (USD)
in 1 rounds
- Latest Funding Round$340.86K (USD), Seed
Feb 2023
- Investors
- Employee Count56
Associated legal entities of RNIT Solutions & Services
RNIT Solutions & Services operates through Rnit Solutions And Services Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rnit Solutions And Services Limited CIN U72900TG2019PLC132226 | Amalgamated | 23 Apr 2019 | Hyderabad, Telangana | ₹12.2 Cr | 56 | 3 | View details |
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.
System for AI-based facial recognition in government use
Tool for managing attendance and operations in schools
System for health data and monitoring services
Platform for facility inspections and resource tracking
Software for identity authentication and verification
ERP for digitizing departmental processes and transactions
System for endpoint monitoring and alerting
Tool for real-time data tracking and alerts
Apps and channels of RNIT Solutions & Services
its YouTube channel RNIT AI Solutions Ltd. has 12 subscribers and 4 videos.
Videos from RNIT Solutions & Services
The most watched videos on RNIT Solutions & Services's YouTube channel, RNIT AI Solutions Ltd. (12 subscribers). Click a video to play it here.
More on RNIT AI Solutions Ltd..
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.
- Total Funding $340,858
- Total Rounds 1
- Last Round Seed — $340,858
- First Round $340,858
(Feb 2023)
- Investors Count 1
All 1 funding rounds of RNIT Solutions Services 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 |
|---|---|---|---|---|---|
| Feb 2023 | $340,858 | Seed | $6.8M | GA Capital Management | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2023 | $6.8M | •••••••• |
Last known valuation $6.8M (Feb 2023). 1 investors in total: 1 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Capital investment, management, and financial services are provided. | gacap.com | Hyderabad, India |
Investor details for RNIT Solutions Services
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Rnit Solutions And Services Limited (RNIT Solutions & Services)
Rnit Solutions And Services Limited is the primary company behind RNIT Solutions & Services. The board of Rnit Solutions And Services Limited currently have 3 directors; the longest-serving is Neelima Nandigam, appointed in 2019. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Neelima Nandigam DIN 08430112 | Director | 23 Apr 2019 | 7 yrs 6 mo | Rnit Solutions And Services Limited |
| Sumithradevi Lanka DIN 08430113 | Director | 23 Apr 2019 | 7 yrs 6 mo | Rnit Solutions And Services Limited |
| Raja Srinivas Nandigam DIN 08430111 | Whole-time director | 29 May 2019 | 7 yrs 5 mo | Rnit Solutions And Services Limited |
People of RNIT Solutions & Services
1 people are tracked at RNIT Solutions & Services (1 in leadership); the tracked headcount is 56.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for RNIT Solutions & Services
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 RNIT Solutions & Services
Figures of Rnit Solutions And Services Limited, the primary company behind RNIT Solutions & Services, for FY 2023. Revenue was ₹12.23 Cr (-29% year on year). Net profit was ₹1.75 Cr (14% margin). EBITDA was ₹2.90 Cr (24% margin). Revenue has grown at a compounded annual rate of +105% over three years.
- ₹12.23 CrRevenue · FY 2023 · -29% YoY
- ₹1.75 CrNet profit · 14% margin
- ₹2.90 CrEBITDA · 24% margin
- ₹14.27 CrPaid-up capital
- 56Employees (provident fund records)
- +105%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Rnit Solutions And Services Limited are on its company page.
Detailed financial statements for RNIT Solutions & Services
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 RNIT Solutions & Services
3 dated milestones of RNIT Solutions & Services across 4 years, from founding to its latest funding, stage changes and deals.
- Founded RNIT Solutions & Services is founded.
- Funding First funding round of $341K.
- Milestone Reaches Minicorn status.
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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 CEO of RNIT Solutions & Services, as recorded in our data. 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. The company's 1st funding round was a Seed of $340.86K, raised on Feb 2023.
RNIT Solutions & Services has 56 employees.
The primary company behind RNIT Solutions & Services, Rnit Solutions And Services Limited, reported revenue of ₹12.23 Cr for FY 2023, down 29% year on year.
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 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.
RNIT Solutions & Services operates through Rnit Solutions And Services Limited.
The legal entities of RNIT Solutions & Services currently have 3 directors, including Raja Srinivas Nandigam, Neelima Nandigam, Sumithradevi Lanka.