Thavorath Systems

Kannur, India Founded: 2013 • Age: 13 yrs
Develops web and mobile applications with cutting-edge tech for businesses and start-ups.
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About Thavorath Systems

Thavorath Systems is a Technology company based in Kannur (India) founded in 2013. It develops web and mobile applications with cutting-edge tech for businesses and start-ups. It operates on a B2B and SaaS model. Its Indian entity Thavorath Systems Private Limited reported revenue of ₹1.1 Lakh. Thavorath Systems offers products and services including Web and Mobile Applications, Turn-key Solutions, and Payment Integration. Its focus areas include Information Technology, Software Development, Ecommerce Integration and Payment Solutions. Its competitors include AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle and 5 more; 6 of its 10 listed competitors have raised funding.

Company details

Thavorath Systems is a technology start-up based in Kannur, Kerala, India, specializing in web and mobile application development. They use technologies like PHP 7, Laravel, and Vue.js to create high-quality, cloud-ready solutions. The company provides turn-key services, payment integrations, and support for start-ups, focusing on modern design and on-time delivery. They work closely with clients to turn ideas into reality and ensure flawless project execution.

Operational Areas
Technology → Finance & Accounting Applications
Technology → PC Software
Key Metrics
  • Annual Revenue
    ₹1.1 Lakh

    FY 2025 · -80% YoY

  • Net Loss
    -₹2.3 Lakh

    FY 2025 · -207% margin

  • EBITDA
    -₹1.5 Lakh

    FY 2025 · -137% margin

Products & Services of Thavorath Systems

Thavorath Systems offers a comprehensive portfolio of products and services, including Web and Mobile Applications, Turn-key Solutions, and Payment Integration.

Web and Mobile Applications
Software Development

Custom development of web and mobile apps using modern technologies

Turn-key Solutions
Ecommerce Integration

Ready-made solutions for platforms like Shopify and Amazon

Payment Integration
Financial Services

Integration of payment providers like Stripe and Paypal

Board of directors of Thavorath Systems Private Limited (Thavorath Systems)

Thavorath Systems Private Limited is the primary company behind Thavorath Systems. The board of Thavorath Systems Private Limited currently have 2 directors; the longest-serving is Dasan Govindan Thavorath, appointed in 2013. 1 earlier director has ceased.

DirectorDesignationAppointedTenureEntity
Dasan Govindan Thavorath
DIN 06646212
Director26 Aug 201313 yrs 1 moThavorath Systems Private Limited
Nirandas Thavorath
DIN 06646215
Director26 Aug 201313 yrs 1 moThavorath Systems Private Limited

Financials of Thavorath Systems

Figures of Thavorath Systems Private Limited, the primary company behind Thavorath Systems, for FY 2025. Revenue was ₹1.1 Lakh (-80% year on year). Net loss was -₹2.3 Lakh (-207% margin). EBITDA was -₹1.5 Lakh (-137% margin). Revenue has grown at a compounded annual rate of -66% over three years and -49% over five years.

  • ₹1.1 LakhRevenue · FY 2025 · -80% YoY
  • -₹2.3 LakhNet loss · -207% margin
  • -₹1.5 LakhEBITDA · -137% margin
  • ₹2 LakhPaid-up capital
  • -66%Revenue CAGR, 3 years
  • -49%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Thavorath Systems Private Limited are on its company page.

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Detailed financial statements for Thavorath Systems

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Competitors of Thavorath Systems

Thavorath Systems has 10 listed competitors in our database, 6 of them funded. They include AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
AlmavivA
almaviva.it2005Rome, Italy––
IT services suite solutions are provided globally by AlmavivA.
Hedgehog lab
hedgehoglab.com2007Newcastle Upon Tyne, United Kingdom$9.49M88
Mobile application development and UX design services are provided.
Hancom
hancom.com1990Seongnam-si, South Korea––
Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
AKQA
akqa.com1994Riyadh, Saudi Arabia$8.74M648
Integrated digital marketing campaigns are developed and executed across channels.
Waracle
waracle.com2007Dundee, United Kingdom$6.32M42
Mobile apps and IoT solutions are developed across platforms.
Fresche Solutions
freschesolutions.com1976Montreal, Canada$16M–
IT services for application modernization and development are offered.
Sierra Atlantic
sierraatlantic.com1993Newark, United States$17.4M139
Offshore enterprise application development and IT consulting services are provided.
GlowTouch
glowtouch.com2002Louisville, United States–2,269
Technology services are provided to mid-sized businesses across multiple regions.
Brightspot
brightspot.com2008Reston, United States$22M–
CMS solutions for digital publishers are provided and managed.
Sylogist
sylogist.com1993Calgary, Canada––
Software solutions are delivered to public sector and business clients.
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Detailed competitors of Thavorath Systems

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Top companies in Finance & Accounting Applications

10 companies that operate in the same segment as Thavorath Systems (Finance & Accounting Applications), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Bill.com
Cloud-based accounts payable and receivable software for businesses
2006Palo Alto, California, United StatesUSD 325.6 MUSD 1.65 B3,108
Navan
Corporate travel and expense management are facilitated through SaaS platform.
2015Palo Alto, California, United StatesUSD 1.58 BUSD 3.52 M847
Intuit
Financial and accounting software is developed for businesses and individuals.
1983Mountain View, California, United StatesUSD 49.62 MUSD 21.45 B18,200
Ramp
Spend management and accounts payable solutions are delivered to businesses.
2019New York, New York, United StatesUSD 5.07 B–6,209
Zaggle
Business spends, payments, and rewards are streamlined by automated workflows.
2011Hyderabad, Telangana, IndiaUSD 13.75 MUSD 149.43 M431
Brex
SaaS-driven credit card and spend management solutions platform for businesses
2017Draper, Utah, United StatesUSD 1.2 B–5,356
Qonto
Subscription-based online banking is offered to SMEs and freelancers.
2017Paris, Ile de France, FranceUSD 717.15 MUSD 171.7 M2,457
Visma
Cloud-based ERP software is provided for business management across segments.
1996Oslo, Oslo, NorwayUSD 198.09 M––
Payflow
Payflow is recognized as a financial wellness application for employees.
2020Alcobendas, Comunidad De Madrid, SpainUSD 58.23 M––
Gusto
Cloud-based HR and payroll solutions are offered for small businesses.
2012San Francisco, California, United StatesUSD 718.35 M–8,159
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Frequently Asked Questions about Thavorath Systems

Thavorath Systems was founded in 2013.

Thavorath Systems is headquartered in Kannur, India. It is registered at Kannur, Kerala, India.

The primary company behind Thavorath Systems, Thavorath Systems Private Limited, reported revenue of ₹1.1 Lakh for FY 2025, down 80% year on year.

Thavorath Systems is a technology start-up based in Kannur, Kerala, India, specializing in web and mobile application development. They use technologies like PHP 7, Laravel, and Vue.js to create high-quality, cloud-ready solutions. The company provides turn-key services, payment integrations, and support for start-ups, focusing on modern design and on-time delivery. They work closely with clients to turn ideas into reality and ensure flawless project execution.

Thavorath Systems's top competitors include Hedgehog lab, AlmavivA and AKQA.

Thavorath Systems offers Web and Mobile Applications, Turn-key Solutions, and Payment Integration.

Thavorath Systems operates through Thavorath Systems Private Limited.

The legal entities of Thavorath Systems currently have 2 directors, including Dasan Govindan Thavorath, Nirandas Thavorath.

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