Saraswat Infotech

Mumbai, India Founded: 2005 • Age: 21 yrs Acquired By RUGR
Cloud-based software solutions for banking and financial institutions are provided.
Annual revenue $3.4M Latest available
Total funding - Funding intelligence
Employees 169 Tracked headcount
Investors 1 Known backers
Products 5 Services tracked
Competitors 11 Brand Intelligence

About Saraswat Infotech

Saraswat Infotech is a company based in Mumbai (India) founded in 2005 by Devadatta Chandgadkar was acquired by RUGR in November 2025. The company has 169 employees as of February 17, 2025. Saraswat Infotech offers products and services including Web Based Core Banking Solution, CKYC, AML, LOS (Loan Originating System), and Internet Banking. Saraswat Infotech operates in a competitive market with competitors including Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues, among others.

  • Headquarter Mumbai, India
  • Employees 169 as on 17 Feb, 2025
  • Founders Devadatta Chandgadkar
  • Sectors
    Financial Services
  • Email
    Locked
  • Phone
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  • Website
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  • Social
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  • Legal Name Saraswat Infotech Private Limited
  • Date of Incorporation 20 Oct, 2005
  • Jurisdiction Thane, Maharashtra, India
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $3.43 M (USD)
    5.47
    as on Mar 31, 2024
  • Net Profit
    $30.02 K (USD)
    -70.27
    as on Mar 31, 2024
  • EBITDA
    $44.66 K (USD)
    -84.57
    as on Mar 31, 2024
  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    169

    as on Feb 17, 2025

  • Acquired by
    RUGR

    (Nov 07, 2025)

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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.

Product name locked
Category locked
Primary

Central KYC registry software for efficient customer data management.

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System for bulk upload and formatting of customer information securely.

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Platform to manage financial risks through automated assessments.

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Tool for loan processing and collection with rule-based queues.

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Service for personalized online banking interfaces.

People of Saraswat Infotech

Headcount 200-500
Employee Profiles 6
Board Members and Advisors 1
Employee Profiles
People
Mohan Yadav
Assistant Vice President
People
vinayak Jadhav
Project Manager
People
sachin punde
Project Manager

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Funding Insights of Saraswat Infotech

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Detailed funding history for Saraswat Infotech

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Investors in Saraswat Infotech

Saraswat Infotech has secured backing from 1 investor. Prominent investors backing the company include RUGR.

All
Investor Description Founded Year Domain Location
Provides comprehensive banking platform solutions for financial services.
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Investor details for Saraswat Infotech

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Investments & Acquisitions by Saraswat Infotech

Investments
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Investment portfolio details for Saraswat Infotech

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Financial Statements - Saraswat Infotech

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Saraswat Infotech Comparisons

Saraswat Infotech Primary company
Description
Cloud-based software solutions for banking and financial ins...
Location
Mumbai, India
Founded Year
2005
Annual Revenue
$3.43 M (USD)
Net Profit
$30.02 K (USD)
EBITDA
$44.66 K (USD)
Employees
169
As of 2025
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Peer comparison for Saraswat Infotech

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Competitors of Saraswat Infotech

Saraswat Infotech 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 Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues, among others.

Company Name Domain Founded year HQ Location Description
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Diversified financial solutions for business processing and management are provided.
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Software platforms for telecommunications, digital payments, and experiences are provided.
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Banking and payments solutions are provided through a dedicated platform.
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Digital solutions for mortgage and consumer lending are provided.
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Digital payment solutions and enterprise software platforms are provided.
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API-enabled open banking platform is provided for financial institutions.
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Detailed competitors of Saraswat Infotech

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Latest news on Saraswat Infotech

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Complete news archive for Saraswat Infotech

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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 current CEO of Saraswat Infotech. They have also founded this company.

As of Feb 17, 2025, the latest employee count at Saraswat Infotech is 169.

Annual revenue of Saraswat Infotech is $3.43M as on Mar 31, 2024.

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, Mambu and Blend.

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.

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