About Shilp Maitri Innovative Solutions
Shilp Maitri Innovative Solutions is a Real Estate & Construction company based in Surat (India) founded in 2015. VRAR solutions for building information modeling are offered. It operates in the Real Estate & Construction and Technology sectors. Shilp Maitri Innovative Solutions has raised $546.09 thousand across 2 funding rounds from investors including Shital Ashok Bhansali and Nimitt Desai. The company has 14 employees. Shilp Maitri Innovative Solutions was last valued at $2.64 million in May 2020. Its Indian entity Shilpmis Technologies Private Limited reported revenue of ₹1.24 Cr. Its focus areas include Real Estate and Construction Tech, Construction Tech, Visualization and Virtual Tour. Its competitors include Trezi and SmartVizX; 2 of its 2 listed competitors have raised funding.
Company details
Shilp Maitri Innovative Solutions was founded in 2015 in Surat, India, focusing on VRAR technologies for building information modeling. Virtual reality experiences, apps, 360-degree videos, interactive holograms, and augmented experiences are developed and provided. Operations serve clients such as Happy Home Group, Searock Developers, The Advantage Raheja, and Shilp Maitri Group within the construction and real estate sectors.
- Headquarters Surat, India
- Employees 14
- Stage Minicorn
- SectorsReal Estate & ConstructionTechnology
- Website shilpmis.com
- Legal Name Shilpmis Technologies Private Limited
- Date of Incorporation 01 Mar, 2017
- Jurisdiction Surat, Gujarat, India
- Annual Revenue₹1.24 Cr
FY 2024 · -51% YoY
- Net Profit₹9.2 Lakh
FY 2024 · 7% margin
- EBITDA₹19.6 Lakh
FY 2024 · 16% margin
- Total Equity Funding$546.09K (USD)
in 2 rounds
- Latest Funding Round$546.09K (USD), Angel Round
May 2020
- Employee Count14
Associated legal entities of Shilp Maitri Innovative Solutions
Shilp Maitri Innovative Solutions operates through Shilpmis Technologies 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 |
|---|---|---|---|---|---|---|---|
| Shilpmis Technologies Private Limited CIN U72900GJ2017PTC096029 | Active | 01 Mar 2017 | Surat, Gujarat | ₹1.2 Cr | 14 | 2 | View details |
Funding Insights of Shilp Maitri Innovative Solutions
Shilp Maitri Innovative Solutions has successfully raised a total of $546.09K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $546.09 thousand completed in May 2020. 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 $546,093
- Total Rounds 2
- Last Round Angel Round — $546,093
- Investors Count 2
All 2 funding rounds of Shilp Maitri Innovative Solutions 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 |
|---|---|---|---|---|---|
| May 2020 | $546,093 | Angel Round | $2.64M | – | |
| Mar 2017 | Angel Round | – | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2020 | $2.64M | •••••••• |
Last known valuation $2.64M (May 2020). 2 investors in total: 0 institutional and 2 angel.
Investors in Shilp Maitri Innovative Solutions
Shilp Maitri Innovative Solutions has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Shital Ashok Bhansali and Nimitt Desai.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SA Shital Ashok Bhansali | unknown_ef41c444a979460db | |||
ND Nimitt Desai | unknown_205f2bc8c77a494f9 |
Investor details for Shilp Maitri Innovative Solutions
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Shilpmis Technologies Private Limited (Shilp Maitri Innovative Solutions)
Shilpmis Technologies Private Limited is the primary company behind Shilp Maitri Innovative Solutions. The board of Shilpmis Technologies Private Limited currently have 2 directors; the longest-serving is Hardik Parimal Desai, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hardik Parimal Desai DIN 07416004 | Director | 01 Mar 2017 | 9 yrs 7 mo | Shilpmis Technologies Private Limited |
| Parimal Gunvantrai Desai DIN 07057389 | Director | 01 Mar 2017 | 9 yrs 7 mo | Shilpmis Technologies Private Limited |
Financials of Shilp Maitri Innovative Solutions
Figures of Shilpmis Technologies Private Limited, the primary company behind Shilp Maitri Innovative Solutions, for FY 2024. Revenue was ₹1.24 Cr (-51% year on year). Net profit was ₹9.2 Lakh (7% margin). EBITDA was ₹19.6 Lakh (16% margin). Revenue has grown at a compounded annual rate of -15% over three years and +12% over five years.
- ₹1.24 CrRevenue · FY 2024 · -51% YoY
- ₹9.2 LakhNet profit · 7% margin
- ₹19.6 LakhEBITDA · 16% margin
- ₹12.5 LakhPaid-up capital
- 14Employees (provident fund records)
- -15%Revenue CAGR, 3 years
- +12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Shilpmis Technologies Private Limited are on its company page.
Detailed financial statements for Shilp Maitri Innovative Solutions
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of Shilp Maitri Innovative Solutions
4 dated milestones of Shilp Maitri Innovative Solutions across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Shilp Maitri Innovative Solutions is founded.
- Funding First funding round.
- Funding Latest funding round, Angel Round, of $546K.
- Milestone Reaches Minicorn status.
Competitors of Shilp Maitri Innovative Solutions
Shilp Maitri Innovative Solutions has 2 listed competitors in our database, 2 of them funded. They include Trezi and SmartVizX.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| trezi.com | 2014 | Noida, India | $6.51M | 42 | Immersive AR/VR platform for collaborative design is developed. | |
| smartvizx.com | 2014 | Noida, India | $5.24M | 42 | VR-based interactive environments are created for unbuilt business spaces. |
Detailed competitors of Shilp Maitri Innovative Solutions
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Related news about Shilp Maitri Innovative Solutions
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Frequently Asked Questions about Shilp Maitri Innovative Solutions
Shilp Maitri Innovative Solutions was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Shilp Maitri Innovative Solutions is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Shilp Maitri Innovative Solutions is a funded company, having raised a total of $546.09K across 2 funding rounds to date.
Shilp Maitri Innovative Solutions has 14 employees.
The primary company behind Shilp Maitri Innovative Solutions, Shilpmis Technologies Private Limited, reported revenue of ₹1.24 Cr for FY 2024, down 51% year on year.
Shilp Maitri Innovative Solutions was founded in 2015 in Surat, India, focusing on VRAR technologies for building information modeling. Virtual reality experiences, apps, 360-degree videos, interactive holograms, and augmented experiences are developed and provided. Operations serve clients such as Happy Home Group, Searock Developers, The Advantage Raheja, and Shilp Maitri Group within the construction and real estate sectors.
Shilp Maitri Innovative Solutions has 2 investors. Key investors include Shital Ashok Bhansali, and Nimitt Desai.
The valuation of Shilp Maitri Innovative Solutions is $2.64M as of May 2020.
Shilp Maitri Innovative Solutions operates through Shilpmis Technologies Private Limited.
The legal entities of Shilp Maitri Innovative Solutions currently have 2 directors, including Hardik Parimal Desai, Parimal Gunvantrai Desai.