About SahiGST
SahiGST is a Financial Services company based in Pune (India) founded in 2016, and was acquired by Vayana in May 2018. Cloud-based GST compliance and tax management solutions for businesses. It operates in the Financial Services and Technology sectors. The company has 236 employees. Its Indian entity Vay Network Services Private Limited reported revenue of ₹122 Cr. The company was acqui-hired. Its focus areas include Enterprise Applications, GRC Software, Integrated GRC and Industry Vertical.
Company details
SahiGST was founded in 2016 in Pune, India, within the tax compliance sector. Cloud-based platforms are offered for GST management, including user activity monitoring, updates on GST regulations, invoice reconciliation between suppliers and vendors, input tax credit tracking, compliance notifications, and custom reporting. These tools are utilized by SMEs, large enterprises, chartered accountants, and tax return professionals across India.
- Headquarters Pune, India
- Employees 236
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Website sahigst.com
- Social LinkedIn X Facebook
- Acquired by Vayana (May 2018)
- Legal Name Vay Network Services Private Limited
- Date of Incorporation 16 Jun, 2016
Associated legal entities of SahiGST
SahiGST operates through Vay Network 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 |
|---|---|---|---|---|---|---|---|
| Vay Network Services Private Limited CIN U74999PN2016PTC165017 | Active | 16 Jun 2016 | Pune, Maharashtra | ₹122 Cr | 223 | 5 | View details |
Investors in SahiGST
SahiGST has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Vayana.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Platform for trade credit and supply chain finance is provided. | 2009 | vayana.com | Pune, India |
Investor details for SahiGST
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Board of directors of Vay Network Services Private Limited (SahiGST)
Vay Network Services Private Limited is the primary company behind SahiGST. The board of Vay Network Services Private Limited currently have 4 directors; the longest-serving is Ramaswamy Narayanan Iyer, appointed in 2016. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ramaswamy Narayanan Iyer DIN 00952570 | Director | 16 Jun 2016 | 10 yrs 4 mo | Vay Network Services Private Limited |
| Kannan Ramasamy DIN 02203865 | Director | 03 Jun 2017 | 9 yrs 5 mo | Vay Network Services Private Limited |
| Meenakshi Sundaram DIN 01096264 | Nominee Director | 03 Jul 2017 | 9 yrs 4 mo | Vay Network Services Private Limited |
| Manpreet Ratia DIN 08958383 | Nominee Director | 11 Nov 2020 | 5 yrs 11 mo | Vay Network Services Private Limited |
Financials of SahiGST
Figures of Vay Network Services Private Limited, the primary company behind SahiGST, for FY 2024. Revenue was ₹122 Cr (+27% year on year). Net loss was -₹110 Cr (-72% margin). EBITDA was -₹96.78 Cr (-63% margin). Revenue has grown at a compounded annual rate of +66% over three years and +74% over five years.
- ₹122 CrRevenue · FY 2024 · +27% YoY
- -₹110 CrNet loss · -72% margin
- -₹96.78 CrEBITDA · -63% margin
- ₹3.05 CrPaid-up capital
- 223Employees (provident fund records)
- +66%Revenue CAGR, 3 years
- +74%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Vay Network Services Private Limited are on its company page.
Detailed financial statements for SahiGST
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Timeline of SahiGST
2 dated milestones of SahiGST across 2 years, from founding to its latest funding, stage changes and deals.
- Founded SahiGST is founded.
- Exit Acquired by Vayana.
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Related news about Sahigst
Complete news archive for SahiGST
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Frequently Asked Questions about SahiGST
SahiGST was founded in 2016.
SahiGST is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
SahiGST has 236 employees.
The primary company behind SahiGST, Vay Network Services Private Limited, reported revenue of ₹122 Cr for FY 2024, up 27% year on year.
SahiGST was founded in 2016 in Pune, India, within the tax compliance sector. Cloud-based platforms are offered for GST management, including user activity monitoring, updates on GST regulations, invoice reconciliation between suppliers and vendors, input tax credit tracking, compliance notifications, and custom reporting. These tools are utilized by SMEs, large enterprises, chartered accountants, and tax return professionals across India.
SahiGST has 1 investor. Key investors include Vayana.
SahiGST operates through Vay Network Services Private Limited.
Yes. SahiGST was acquired by Vayana in May 2018.
The legal entities of SahiGST currently have 5 directors, including Kannan Ramasamy, Manpreet Ratia, Ramaswamy Narayanan Iyer and others.