About SIL Technology
SIL Technology is a Technology company based in Thane (India) founded in 2014. It offers IT hardware, system integration, and technology solutions for businesses. It operates on a B2B model in Technology and Financial Services sectors. Its Indian entity Payvance Innovation Private Limited reported revenue of ₹5.19 Cr. SIL Technology offers products and services including ATM Machines, KIOSK Machines, Networking Equipments, System Integrator, and Data Center. Its focus areas include IT Services, System Integration, Data Center Management and Hardware Solutions. Similar companies include Happiest Minds, GirnarSOFT and Datamatics; 3 of its 3 listed similar companies have raised funding.
Company details
SIL Technologies Pvt. Ltd. develops and provides durable hardware products like ATM and KIOSK machines, along with networking equipment. They offer services such as system integration, data center management, and facility management to support business efficiency. Based in Thane, Maharashtra, India, they focus on secure, scalable, and user-friendly technology solutions for clients in various sectors.
- Headquarters Thane, India
- SectorsTechnologyFinancial Services
- Phone•••• ••••
- Website siltech.co.in
- Legal Name Payvance Innovation Private Limited
- Date of Incorporation 20 Feb, 2014
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹5.19 Cr
FY 2025 · +876% YoY
- Net Profit₹3.16 Cr
FY 2025 · 61% margin
- EBITDA₹4.25 Cr
FY 2025 · 82% margin
Associated legal entities of SIL Technology
SIL Technology operates through Payvance Innovation 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 |
|---|---|---|---|---|---|---|---|
| Payvance Innovation Private Limited CIN U72200MH2014PTC253445 | Active | 20 Feb 2014 | Thane, Maharashtra | ₹5.2 Cr | 2 | View details |
Products & Services of SIL Technology
SIL Technology offers a comprehensive portfolio of products and services, including ATM Machines, KIOSK Machines, Networking Equipments, System Integrator, and Data Center.
Hardware for secure automated teller services in banking.
Self-service kiosks for business transaction processing.
Equipment for reliable data connectivity and security.
Solutions for integrating complex IT systems.
Services for remote data storage and processing.
Professional support for organizational infrastructure.
Board of directors of Payvance Innovation Private Limited (SIL Technology)
Payvance Innovation Private Limited is the primary company behind SIL Technology. The board of Payvance Innovation Private Limited currently have 2 directors; the longest-serving is Shrinivas Patil, appointed in 2025. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shrinivas Patil DIN 09288999 | Additional Director | 12 Dec 2025 | 10 mo | Payvance Innovation Private Limited |
| Srikanthgouda Patil DIN 10500357 | Additional Director | 12 Dec 2025 | 10 mo | Payvance Innovation Private Limited |
Financials of SIL Technology
Figures of Payvance Innovation Private Limited, the primary company behind SIL Technology, for FY 2025. Revenue was ₹5.19 Cr (+876% year on year). Net profit was ₹3.16 Cr (61% margin). EBITDA was ₹4.25 Cr (82% margin). Revenue has grown at a compounded annual rate of +52% over three years and +52% over five years.
- ₹5.19 CrRevenue · FY 2025 · +876% YoY
- ₹3.16 CrNet profit · 61% margin
- ₹4.25 CrEBITDA · 82% margin
- ₹25 LakhPaid-up capital
- +52%Revenue CAGR, 3 years
- +52%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Payvance Innovation Private Limited are on its company page.
Detailed financial statements for SIL Technology
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.
Similar companies to SIL Technology
SIL Technology has 3 listed similar companies in our database, 3 of them funded. They include Happiest Minds, GirnarSOFT and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| girnarsoft.com | 2007 | Jaipur, India | $736.02M | 6,709 | Provider of website, web & mobile application development, BI, and digital marketing services | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed similar companies of SIL Technology
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about SIL Technology
SIL Technology was founded in 2014.
SIL Technology is headquartered in Thane, India. It is registered at Thane, Maharashtra, India.
The primary company behind SIL Technology, Payvance Innovation Private Limited, reported revenue of ₹5.19 Cr for FY 2025, up 876% year on year.
SIL Technologies Pvt. Ltd. develops and provides durable hardware products like ATM and KIOSK machines, along with networking equipment. They offer services such as system integration, data center management, and facility management to support business efficiency. Based in Thane, Maharashtra, India, they focus on secure, scalable, and user-friendly technology solutions for clients in various sectors.
SIL Technology's top competitors include Happiest Minds, GirnarSOFT and Datamatics.
SIL Technology offers ATM Machines, KIOSK Machines, Networking Equipments, System Integrator, and 2 more products and services.
SIL Technology operates through Payvance Innovation Private Limited.
The legal entities of SIL Technology currently have 2 directors, including Shrinivas Patil, Srikanthgouda Patil.