About Textech
Textech is a Media & Entertainment company based in Tiruppur (India) founded in 2010, and was acquired by Jouve in February 2010. Book publishing solutions are provided via an online platform. The company has 26 employees. Its Indian entity Tex Tech Industries India Private Limited reported revenue of ₹18.71 Cr. The company was acqui-hired. Its focus areas include Book Tech, Self Publishing Platforms and Books. Its competitors include Pratilipi, Juggernaut and MatruBharti; 3 of its 3 listed competitors have raised funding.
Company details
Textech was established in 2010 in Tiruppur, India, as an online platform in the publishing sector. Services are focused on the creation, management, re-purposing, and distribution of content and information. Operations center on digital tools for authors and publishers to handle book production and dissemination across various formats and channels. The platform supports content lifecycle management within the Indian market and beyond.
- Headquarters Tiruppur, India
- Employees 26
- Stage Acquired
- SectorsMedia & Entertainment
- Website textech.in
- Acquired by Jouve (Feb 2010)
- Legal Name Tex Tech Industries India Private Limited
- Date of Incorporation 05 Jan, 2005
- Jurisdiction Coimbatore, Tamil Nadu, India
Associated legal entities of Textech
Textech operates through Tex Tech Industries India 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 |
|---|---|---|---|---|---|---|---|
| Tex Tech Industries India Private Limited CIN U02926TZ2005PTC011513 | Active | 05 Jan 2005 | Coimbatore, Tamil Nadu | ₹18.7 Cr | 26 | 2 | View details |
Investors in Textech
Textech has secured backing from 1 investor. Prominent investors backing the company include Luminess.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Luminess is engaged in creating digital solutions for businesses. | jouve.com | Paris, France |
Investor details for Textech
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- Complete investor list
- Round participation
- Investor portfolios
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Board of directors of Tex Tech Industries India Private Limited (Textech)
Tex Tech Industries India Private Limited is the primary company behind Textech. The board of Tex Tech Industries India Private Limited currently have 2 directors; the longest-serving is Malligarjunan, appointed in 2005. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Malligarjunan DIN 01730028 | Managing Director | 05 Jan 2005 | 21 yrs 9 mo | Tex Tech Industries India Private Limited |
| Madhuram Malligarjunan DIN 01730088 | Director | 28 Mar 2007 | 19 yrs 6 mo | Tex Tech Industries India Private Limited |
Financials of Textech
Figures of Tex Tech Industries India Private Limited, the primary company behind Textech, for FY 2024. Revenue was ₹18.71 Cr (-6% year on year). Net profit was ₹3.19 Cr (17% margin). EBITDA was ₹5.96 Cr (32% margin). Revenue has grown at a compounded annual rate of +10% over three years and +6% over five years.
- ₹18.71 CrRevenue · FY 2024 · -6% YoY
- ₹3.19 CrNet profit · 17% margin
- ₹5.96 CrEBITDA · 32% margin
- ₹1.60 CrPaid-up capital
- 26Employees (provident fund records)
- +10%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Tex Tech Industries India Private Limited are on its company page.
Detailed financial statements for Textech
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.
Timeline of Textech
2 dated milestones of Textech, from founding to its latest funding, stage changes and deals.
- Founded Textech is founded.
- Exit Acquired by Jouve.
Competitors of Textech
Textech has 3 listed competitors in our database, 3 of them funded. They include Pratilipi, Juggernaut and MatruBharti.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pratilipi.com | 2014 | Bengaluru, India | $92.65M | 189 | Platform connecting readers and writers, offering digital literature in multiple languages | |
| juggernaut.in | 2015 | Delhi, India | $5.23M | 12 | Authors' writings are uploaded and automatically published via mobile platform. | |
| matrubharti.com | 2015 | Ahmedabad, India | $1M | App-based self-publishing platform for vernacular e-books is operated. |
Detailed competitors of Textech
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- Full competitor set
- Operating metrics
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Top companies in Book & Digital Reading Platforms
3 companies that operate in the same segment as Textech (Book & Digital Reading Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
An audio streaming platform for series and stories is operated. | 2018 | Bengaluru, Karnataka, India | USD 196.66 M | USD 30.62 M | 1,044 | |
Platform connecting readers and writers, offering digital literature in multiple languages | 2014 | Bengaluru, Karnataka, India | USD 92.65 M | USD 6.84 M | 162 | |
Audiobooks and stories in multiple Indian languages are provided. | 2018 | Mumbai, Maharashtra, India | USD 122.32 M | USD 12.17 M | 310 |
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Frequently Asked Questions about Textech
Textech was founded in 2010.
Textech is headquartered in Tiruppur, India. It is registered at Tiruppur, Tamil Nadu, India.
Textech has 26 employees.
The primary company behind Textech, Tex Tech Industries India Private Limited, reported revenue of ₹18.71 Cr for FY 2024, down 6% year on year.
Textech was established in 2010 in Tiruppur, India, as an online platform in the publishing sector. Services are focused on the creation, management, re-purposing, and distribution of content and information. Operations center on digital tools for authors and publishers to handle book production and dissemination across various formats and channels. The platform supports content lifecycle management within the Indian market and beyond.
Textech's top competitors include Pratilipi, MatruBharti and Juggernaut.
Textech has 1 investor. Key investors include Luminess.
Textech operates through Tex Tech Industries India Private Limited.
Yes. Textech was acquired by Jouve in February 2010.
The legal entities of Textech currently have 2 directors, including Malligarjunan, Madhuram Malligarjunan.