About Spundan
Spundan is a Technology company based in Indore (India) founded in 2009. It delivers IT development, consulting, and cloud solutions to enterprises and startups. It operates on a B2B and Service-based model. Its Indian entity Spundan Consultancy And It Solutions Private Limited reported revenue of ₹88.2 Lakh. Spundan offers products and services including Web Development, Mobile App Development, Cloud Solutions, DevOps Services, and AI and ML Solutions. Its focus areas include IT Services, Software Development, Web and Mobile Apps and Cloud Solutions. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
Spundan is an IT services company based in Indore, India, offering web development, mobile app development, cloud solutions, and more. They focus on scalable technologies and agile methodologies to support enterprises, retail, and startups through automation and continuous improvement. Their services include project management, business intelligence, and AI integration, ensuring quality and innovation in digital transformation.
- Headquarters Indore, India
- SectorsTechnology
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- Website spundan.com
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- Legal Name Spundan Consultancy And It Solutions Private Limited
- Date of Incorporation 10 Jan, 2011
- Jurisdiction Indore, Madhya Pradesh, India
- Annual Revenue₹88.2 Lakh
FY 2024 · -33% YoY
- Net Profit₹21.3 Lakh
FY 2024 · 24% margin
- EBITDA₹32.1 Lakh
FY 2024 · 36% margin
Associated legal entities of Spundan
Spundan operates through Spundan Consultancy And It Solutions 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 |
|---|---|---|---|---|---|---|---|
| Spundan Consultancy And It Solutions Private Limited CIN U72200MP2011PTC025132 | Active | 10 Jan 2011 | Indore, Madhya Pradesh | ₹0.9 Cr | 3 | View details |
Products & Services of Spundan
Spundan offers a comprehensive portfolio of products and services, including Web Development, Mobile App Development, Cloud Solutions, DevOps Services, and AI and ML Solutions.
Services for building web applications and APIs.
Development of native and hybrid mobile applications.
Provision of cloud data and processing services.
Implementation of continuous improvement and automation.
Development of AI-driven data engineering tools.
Board of directors of Spundan Consultancy And It Solutions Private Limited (Spundan)
Spundan Consultancy And It Solutions Private Limited is the primary company behind Spundan. The board of Spundan Consultancy And It Solutions Private Limited currently have 3 directors; the longest-serving is Sanjay Wadhwani, appointed in 2011. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjay Wadhwani DIN 03341738 | Director | 10 Jan 2011 | 15 yrs 9 mo | Spundan Consultancy And It Solutions Private Limited |
| Sweeta Kishan Wadhwani DIN 06393925 | Director | 03 Oct 2012 | 14 yrs | Spundan Consultancy And It Solutions Private Limited |
| Kishan Wadhwani DIN 08818498 | Director | 01 Aug 2020 | 6 yrs 3 mo | Spundan Consultancy And It Solutions Private Limited |
Financials of Spundan
Figures of Spundan Consultancy And It Solutions Private Limited, the primary company behind Spundan, for FY 2024. Revenue was ₹88.2 Lakh (-33% year on year). Net profit was ₹21.3 Lakh (24% margin). EBITDA was ₹32.1 Lakh (36% margin). Revenue has grown at a compounded annual rate of +15% over three years.
- ₹88.2 LakhRevenue · FY 2024 · -33% YoY
- ₹21.3 LakhNet profit · 24% margin
- ₹32.1 LakhEBITDA · 36% margin
- ₹1 LakhPaid-up capital
- +15%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Spundan Consultancy And It Solutions Private Limited are on its company page.
Detailed financial statements for Spundan
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Competitors of Spundan
Spundan has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds 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. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed competitors of Spundan
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Frequently Asked Questions about Spundan
Spundan was founded in 2009.
Spundan is headquartered in Indore, India. It is registered at Indore, Madhya Pradesh, India.
The primary company behind Spundan, Spundan Consultancy And It Solutions Private Limited, reported revenue of ₹88.2 Lakh for FY 2024, down 33% year on year.
Spundan is an IT services company based in Indore, India, offering web development, mobile app development, cloud solutions, and more. They focus on scalable technologies and agile methodologies to support enterprises, retail, and startups through automation and continuous improvement. Their services include project management, business intelligence, and AI integration, ensuring quality and innovation in digital transformation.
Spundan's top competitors include Happiest Minds and Datamatics.
Spundan offers Web Development, Mobile App Development, Cloud Solutions, DevOps Services, and AI and ML Solutions.
Spundan operates through Spundan Consultancy And It Solutions Private Limited.
The legal entities of Spundan currently have 3 directors, including Kishan Wadhwani, Sanjay Wadhwani, Sweeta Kishan Wadhwani.