About Thirdware
Thirdware is a company based in Livonia (United States) founded in 1995, and was acquired by Tech Mahindra in March 2022. Software solutions are delivered by Thirdware since its 1995 founding. The company has 621 employees. Its Indian entity Thirdware Solution Limited reported revenue of ₹361 Cr.
Company details
Thirdware was founded in 1995 and is headquartered in Livonia, United States. IT services and software development form the core of its operations within the technology sector. Consulting and custom solutions are provided to clients across various industries. The companys online presence is maintained through thirdware.com. Key personnel, including Bhavesh Shah (DIN: 05354411), contribute to leadership and governance. Limited public details are available on specific projects or client base.
- Headquarters Livonia, United States
- Employees 621
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website thirdware.com
- Social LinkedIn Facebook
- Acquired by Tech Mahindra (Mar 2022)
- Legal Name Thirdware Solution Limited
- Date of Incorporation 20 Jun, 1995
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹361 Cr
FY 2024 · +7% YoY
- Indian entity net profit₹97.16 Cr
FY 2024 · 27% margin
- Indian entity EBITDA₹135 Cr
FY 2024 · 37% margin
- Investors
- Employee Count621
- Acquired byTech Mahindra
(Mar 2022)
Associated legal entities of Thirdware
Thirdware operates through Thirdware Solution Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Thirdware Solution Limited CIN U72900MH1995PLC089765 | Amalgamated | 20 Jun 1995 | Mumbai, Maharashtra | ₹361 Cr | 621 | 3 | View details |
Investors in Thirdware
Thirdware has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Tech Mahindra.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of data analytics, cloud management, and business process outsourcing services | 1986 | techmahindra.com | Pune, India |
Investor details for Thirdware
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Thirdware Solution Limited (Thirdware)
Thirdware Solution Limited is the primary company behind Thirdware. The board of Thirdware Solution Limited currently have 3 directors; the longest-serving is Nalin Mittal, appointed in 2022. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nalin Mittal DIN 02170896 | Director | 03 Jun 2022 | 4 yrs 5 mo | Thirdware Solution Limited |
| Padala Ramkrishna Rao DIN 09854951 | Director | 09 Feb 2023 | 3 yrs 9 mo | Thirdware Solution Limited |
| Heena Nikhil Shah DIN 10099961 | Director | 18 Apr 2024 | 2 yrs 6 mo | Thirdware Solution Limited |
People of Thirdware
22 people are tracked at Thirdware (5 in leadership, 17 in team); the tracked headcount is 621.
| Name | Role | Group |
|---|---|---|
| Leadership | ||
Joseph Moraes | Director Global Services Delivery | Leadership |
Sachin Shah | Head Of Operations | Leadership |
Kannan Natarajan | Vice President Sales | Leadership |
Maria Princess Lydia D | Associate Director - Services Delivery | Leadership |
Benjamin Odren | Business Analyst | Team |
Duke Daniel | Sr. Business Analyst - Functional | Team |
Amber Basant | SAP CRM Solution Architect/manager | Team |
Rajesh Mehta | Delivery Manager | Team |
Dhandapani Namachivayam | Associate Project Manager | Team |
Chithambarathanu T | Associate Project Manager | Team |
Naresh Babu | Associate Project Manager | Team |
Alka Gangal | SAP CRM Technical Lead | Team |
Abraham Prince | Senior Recruitment Specialist | Team |
Rekha Jeyaraman | Business Analyst | Team |
Vimal Kumar Vadivelu | Business Analyst | Team |
Gopinath Nageshwarrao | Lead Project Manager | Team |
Badri Vino | HR | Team |
Ankit Navlani | Software Engineer - Business Intelligence | Team |
Sujitha Suriyhaprassat | Senior Business Analyst | Team |
2 more people are available in the full profile.
Complete people profiles for Thirdware
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Thirdware
Figures of Thirdware Solution Limited, the primary company behind Thirdware, for FY 2024. Revenue was ₹361 Cr (+7% year on year). Net profit was ₹97.16 Cr (27% margin). EBITDA was ₹135 Cr (37% margin). Revenue has grown at a compounded annual rate of +14% over three years and +8% over five years.
- ₹361 CrRevenue · FY 2024 · +7% YoY
- ₹97.16 CrNet profit · 27% margin
- ₹135 CrEBITDA · 37% margin
- ₹4.70 CrPaid-up capital
- 621Employees (provident fund records)
- +14%Revenue CAGR, 3 years
- +8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Thirdware Solution Limited are on its company page.
Detailed financial statements for Thirdware
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 Thirdware
2 dated milestones of Thirdware across 27 years, from founding to its latest funding, stage changes and deals.
- Founded Thirdware is founded.
- Exit Acquired by Tech Mahindra.
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Frequently Asked Questions about Thirdware
Thirdware was founded in 1995.
Thirdware is headquartered in Livonia, United States. It is registered at Livonia, Michigan, United States.
Thirdware has 621 employees.
The primary company behind Thirdware, Thirdware Solution Limited, reported revenue of ₹361 Cr for FY 2024, up 7% year on year.
Thirdware was founded in 1995 and is headquartered in Livonia, United States. IT services and software development form the core of its operations within the technology sector. Consulting and custom solutions are provided to clients across various industries. The companys online presence is maintained through thirdware.com. Key personnel, including Bhavesh Shah (DIN: 05354411), contribute to leadership and governance. Limited public details are available on specific projects or client base.
Thirdware has 1 investor. Key investors include Tech Mahindra.
Thirdware operates through Thirdware Solution Limited.
Yes. Thirdware was acquired by Tech Mahindra in March 2022.
The legal entities of Thirdware currently have 3 directors, including Heena Nikhil Shah, Padala Ramkrishna Rao, Nalin Mittal.