About Saraswat Infotech
Saraswat Infotech is a Financial Services company based in Mumbai (India) founded in 2005 by Devadatta Chandgadkar, and was acquired by RUGR in November 2025. Cloud-based software solutions for banking and financial institutions are provided. The company has 169 employees. Its chief executive, as recorded, is Devadatta Chandgadkar. Its Indian entity Rugr Sil Private Limited reported revenue of ₹26.22 Cr. Saraswat Infotech offers products and services including Web Based Core Banking Solution, CKYC, AML, LOS (Loan Originating System), and Internet Banking. Its focus areas include FinTech, Banking Tech and Banking Software Suite. Its competitors include Comviva, Infibeam Avenues and Aurionpro; 1 of its 3 listed competitors has raised funding.
Company details
Saraswat Infotech was founded in 2005 and is based in Mumbai, India. Operations focus on the fintech sector, where cloud-based software suites are developed for banks and financial institutions. Core offerings include core banking systems, mobile banking applications, loan origination and servicing tools, and treasury management solutions. Additional services address various financial processes through integrated platforms.
- Headquarters Mumbai, India
- Employees 169
- Founders Devadatta Chandgadkar
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website sil.co.in
- Social LinkedIn
- Acquired by RUGR (Nov 2025)
- Legal Name Saraswat Infotech Private Limited
- Date of Incorporation 20 Oct, 2005
- Jurisdiction Thane, Maharashtra, India
Associated legal entities of Saraswat Infotech
Saraswat Infotech operates through Rugr Sil Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rugr Sil Private Limited CIN U72200MH2005PTC156921 | Active | 20 Oct 2005 | Thane, Maharashtra | ₹26.2 Cr | 169 | 4 | View details |
Products & Services of Saraswat Infotech
Saraswat Infotech offers a comprehensive portfolio of products and services, including Web Based Core Banking Solution, CKYC, AML, LOS (Loan Originating System), and Internet Banking.
Central KYC registry software for efficient customer data management.
System for bulk upload and formatting of customer information securely.
Platform to manage financial risks through automated assessments.
Tool for loan processing and collection with rule-based queues.
Service for personalized online banking interfaces.
Investors in Saraswat Infotech
Saraswat Infotech has secured backing from 1 investor. Prominent investors backing the company include RUGR.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provides comprehensive banking platform solutions for financial services. | 2022 | rugr.com | Bengaluru, India |
Investor details for Saraswat Infotech
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- 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 Rugr Sil Private Limited (Saraswat Infotech)
Rugr Sil Private Limited is the primary company behind Saraswat Infotech. The board of Rugr Sil Private Limited currently have 3 directors; the longest-serving is Devdatta Mahadeo Chandgadkar, appointed in 2015. 21 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devdatta Mahadeo Chandgadkar DIN 06834828 | CEO | 01 Apr 2015 | 11 yrs 6 mo | Rugr Sil Private Limited |
| Arangasamy Kundalpatti Venkidusamy DIN 03561585 | Additional Director | 08 Oct 2025 | 1 yr | Rugr Sil Private Limited |
| Sakthikrishnan DIN 09525772 | Additional Director | 08 Oct 2025 | 1 yr | Rugr Sil Private Limited |
People of Saraswat Infotech
8 people are tracked at Saraswat Infotech (4 in leadership, 1 in board & advisors, 3 in team); the tracked headcount is 169.
| Name | Role | Group |
|---|---|---|
Devadatta Chandgadkar | Founder & CEO | Leadership |
Meenal Mody | Vice President | Leadership |
| CEO & Company Secretary | Leadership | |
Mohan Yadav | Assistant Vice President | Leadership |
David Smith | Founder | Board & advisors |
vinayak Jadhav | Project Manager | Team |
Parag Samant | Project Manager (Core Banking Group) | Team |
sachin punde | Project Manager | Team |
Complete people profiles for Saraswat Infotech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Board tenure
- Professional contacts
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Financials of Saraswat Infotech
Figures of Rugr Sil Private Limited, the primary company behind Saraswat Infotech, for FY 2025. Revenue was ₹26.22 Cr (-11% year on year). Net profit was ₹14.8 Lakh (1% margin). EBITDA was ₹1.80 Cr (7% margin). Revenue has grown at a compounded annual rate of +4% over three years and +1% over five years.
- ₹26.22 CrRevenue · FY 2025 · -11% YoY
- ₹14.8 LakhNet profit · 1% margin
- ₹1.80 CrEBITDA · 7% margin
- ₹9.1 LakhPaid-up capital
- 169Employees (provident fund records)
- +4%Revenue CAGR, 3 years
- +1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rugr Sil Private Limited are on its company page.
Detailed financial statements for Saraswat Infotech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of Saraswat Infotech
2 dated milestones of Saraswat Infotech across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Saraswat Infotech is founded.
- Exit Acquired by RUGR.
Competitors of Saraswat Infotech
Saraswat Infotech has 3 listed competitors in our database, 1 of them funded. They include Comviva, Infibeam Avenues and Aurionpro.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| comviva.com | 1999 | Gurugram, India | $13.5M | 2,283 | Software platforms for telecommunications, digital payments, and experiences are provided. | |
| ia.ooo | 2007 | Gandhinagar, India | 642 | Digital payment solutions and enterprise software platforms are provided. | ||
| aurionpro.com | 1997 | Mumbai, India | 2 | Loan and cash management solutions are provided for banks. |
Detailed competitors of Saraswat Infotech
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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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Saraswat Infotech
The website of Saraswat Infotech (sil.co.in) receives about 7.5K visits a month.
- Monthly visits7.5K
▼ 14.3% vs previous month
Websites whose visitors overlap most with Saraswat Infotech. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| aimbeatsoftech.com | 100% | View details | |||
| eiosys.com | 90% | 5.3K | #3,689,778 | View details |
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Frequently Asked Questions about Saraswat Infotech
Saraswat Infotech was founded in 2005.
Saraswat Infotech is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Devadatta Chandgadkar is the CEO of Saraswat Infotech, as recorded in our data. They have also founded this company.
Saraswat Infotech has 169 employees.
The primary company behind Saraswat Infotech, Rugr Sil Private Limited, reported revenue of ₹26.22 Cr for FY 2025, down 11% year on year.
Saraswat Infotech was founded in 2005 and is based in Mumbai, India. Operations focus on the fintech sector, where cloud-based software suites are developed for banks and financial institutions. Core offerings include core banking systems, mobile banking applications, loan origination and servicing tools, and treasury management solutions. Additional services address various financial processes through integrated platforms.
Saraswat Infotech's top competitors include Comviva, Infibeam Avenues and Aurionpro.
Saraswat Infotech offers Web Based Core Banking Solution, CKYC, AML, LOS (Loan Originating System), and Internet Banking.
Saraswat Infotech has 1 investor. Key investors include RUGR.
Saraswat Infotech operates through Rugr Sil Private Limited.
Yes. Saraswat Infotech was acquired by RUGR in November 2025.
The legal entities of Saraswat Infotech currently have 3 directors, including Devdatta Mahadeo Chandgadkar, Arangasamy Kundalpatti Venkidusamy, Sakthikrishnan.