About Toverto
Toverto is a Technology company based in Coimbatore (India) founded in 2017. It provides software development and IT services for businesses using innovative technologies. It operates on a B2B model. Its Indian entity Toverto Solutions Private Limited reported revenue of ₹48.9 Lakh. Toverto offers products and services including Web Development, App Development, Cloud Solutions, Offshore Development, and Consulting. Its focus areas include Information Technology, Software Development, Web and App Services and Full-stack Development. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
Toverto Solutions Pvt. Ltd., established in 2017 in Coimbatore, India, specializes in developing and integrating technologies for cloud, mobile, web, and enterprise platforms. They utilize open source tools for cost-effective solutions and employ agile methodologies to deliver scalable, secure services. The company focuses on transforming client needs into innovative products, emphasizing cybersecurity and efficiency, while serving various businesses globally.
- Headquarters Coimbatore, India
- SectorsTechnology
- Email••••••••
- Website toverto.com
- Legal Name Toverto Solutions Private Limited
- Date of Incorporation 12 Jul, 2017
- Jurisdiction Coimbatore, Tamil Nadu, India
- Annual Revenue₹48.9 Lakh
FY 2024 · -16% YoY
- Net Loss-₹24.7 Lakh
FY 2024 · -50% margin
- EBITDA-₹19.6 Lakh
FY 2024 · -40% margin
Associated legal entities of Toverto
Toverto operates through Toverto 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 |
|---|---|---|---|---|---|---|---|
| Toverto Solutions Private Limited CIN U72100TZ2017PTC033049 | Active | 12 Jul 2017 | Coimbatore, Tamil Nadu | ₹0.5 Cr | 2 | View details |
Products & Services of Toverto
Toverto offers a comprehensive portfolio of products and services, including Web Development, App Development, Cloud Solutions, Offshore Development, and Consulting.
Crafts responsive websites for desktops, tablets, and smartphones.
Develops high-performance apps for iOS, Android, and cross-platform.
Provides secure, flexible access to applications and data via platforms.
Delivers cost-effective IT services with skilled engineering teams.
Offers strategic guidance for technology innovation and business needs.
Implements artificial intelligence to enhance efficiency and innovation.
Board of directors of Toverto Solutions Private Limited (Toverto)
Toverto Solutions Private Limited is the primary company behind Toverto. The board of Toverto Solutions Private Limited currently have 2 directors; the longest-serving is Mariappn Tamilselvan, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mariappn Tamilselvan DIN 07872903 | Director | 12 Jul 2017 | 9 yrs 3 mo | Toverto Solutions Private Limited |
| Nallusamy Dhanapal DIN 08114265 | Director | 21 Apr 2018 | 8 yrs 6 mo | Toverto Solutions Private Limited |
Financials of Toverto
Figures of Toverto Solutions Private Limited, the primary company behind Toverto, for FY 2024. Revenue was ₹48.9 Lakh (-16% year on year). Net loss was -₹24.7 Lakh (-50% margin). EBITDA was -₹19.6 Lakh (-40% margin). Revenue has grown at a compounded annual rate of +3% over three years and -3% over five years.
- ₹48.9 LakhRevenue · FY 2024 · -16% YoY
- -₹24.7 LakhNet loss · -50% margin
- -₹19.6 LakhEBITDA · -40% margin
- ₹1 LakhPaid-up capital
- +3%Revenue CAGR, 3 years
- -3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Toverto Solutions Private Limited are on its company page.
Detailed financial statements for Toverto
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.
Competitors of Toverto
Toverto 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 Toverto
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- Operating metrics
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Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Toverto
Toverto was founded in 2017.
Toverto is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
The primary company behind Toverto, Toverto Solutions Private Limited, reported revenue of ₹48.9 Lakh for FY 2024, down 16% year on year.
Toverto Solutions Pvt. Ltd., established in 2017 in Coimbatore, India, specializes in developing and integrating technologies for cloud, mobile, web, and enterprise platforms. They utilize open source tools for cost-effective solutions and employ agile methodologies to deliver scalable, secure services. The company focuses on transforming client needs into innovative products, emphasizing cybersecurity and efficiency, while serving various businesses globally.
Toverto's top competitors include Happiest Minds and Datamatics.
Toverto offers Web Development, App Development, Cloud Solutions, Offshore Development, and 2 more products and services.
Toverto operates through Toverto Solutions Private Limited.
The legal entities of Toverto currently have 2 directors, including Nallusamy Dhanapal, Mariappn Tamilselvan.