About UDS
UDS is a company based in Chennai (India) founded in 1985 by Raghunandana Tangirala. It operates as a Professional Services, and Managed Services. UDS has raised $25.95 million across 3 funding rounds from investors including Motilal Oswal Alternates and New Vernon Wealth Management. The company has 70,000 employees as of March 31, 2024. UDS has completed 4 acquisitions, including Athena BPO, Denave and Matrix. UDS offers products and services including Integrated Facilities Management, Engineering Services, Production Support Services, Soft Services, and Warehouse Management. UDS operates in a competitive market with competitors including SILA, Colliers, CBRE, Supreme Facility Management and Dusters Total Solutions Services, among others.
- Headquarter Chennai, India
- Employees 70000 as on 31 Mar, 2024
- Founders Raghunandana Tangirala
- Stage Public
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Updater Services Limited
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Annual Revenue
$319.63 M (USD)11.93as on Mar 31, 2024
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Net Profit
$13.9 M (USD)74.84as on Mar 31, 2024
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EBITDA
$19.74 M (USD)9.35as on Mar 31, 2024
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Total Equity Funding
$25.95 M (USD)
in 3 rounds
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Latest Funding Round
$14.93 M (USD), Private Equity Round
Feb 10, 2017
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Investors
Motilal Oswal Alternates
& 1 more
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Employee Count
70000
as on Mar 31, 2024
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Investments & Acquisitions
Athena BPO
& 3 more
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IPO & Listings of UDS
UDS is a publicly listed company on the NSE with ticker symbol UDS in India, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of UDS
UDS offers a comprehensive portfolio of products and services, including Integrated Facilities Management, Engineering Services, Production Support Services, Soft Services, and Warehouse Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Comprehensive facility management services are provided across India.
Engineering solutions are offered for various business needs.
Support for production processes is delivered to clients.
Soft services like cleaning are managed for clients.
Warehouse operations are handled for efficient storage solutions.
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Funding Insights of UDS
UDS has successfully raised a total of $25.95M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $14.93 million completed in February 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Private Equity Round — $14.9M
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First Round
First Round
(01 Jan 2005)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Private Equity Round - UDS | Valuation |
investors |
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| Jul, 2007 | Amount | Series A - UDS | Valuation | New Vernon Wealth Management |
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| Jan, 2005 | Amount | Series A - UDS | Valuation | New Vernon Wealth Management |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in UDS
UDS has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Motilal Oswal Alternates and New Vernon Wealth Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Motilal Oswal Alternates is engaged in alternative investment management.
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Founded Year | Domain | Location | |
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Provides personalized wealth management and investment strategies for individuals and institutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by UDS
UDS has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Athena BPO, Denave and Matrix. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Washroom hygiene products are manufactured and cleaning services are provided.
|
2007 | ||||
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Matrix is recognized as India's largest business assurance company.
|
2003 | ||||
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AI-powered sales enablement and revenue development services are provided.
|
1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - UDS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Uds Comparisons
Competitors of UDS
UDS operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SILA, Colliers, CBRE, Supreme Facility Management and Dusters Total Solutions Services, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of facility & project management, advisory, general contracting, and real estate development services
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| domain | founded_year | HQ Location |
Provider of diversified professional and investment management services
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| domain | founded_year | HQ Location |
Property management, brokerage, and asset services are provided globally.
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| domain | founded_year | HQ Location |
Facility management services are provided for various operational needs.
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| domain | founded_year | HQ Location |
Integrated facility management services are provided across multiple sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Uds
Frequently Asked Questions about UDS
When was UDS founded?
UDS was founded in 1985 and raised its 1st funding round 20 years after it was founded.
Where is UDS located?
UDS is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of UDS?
Joshi Nitesh is the current CEO of UDS.
Is UDS a funded company?
UDS is a funded company, having raised a total of $25.95M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jan 01, 2005.
How many employees does UDS have?
As of Mar 31, 2024, the latest employee count at UDS is 70,000.
What is the annual revenue of UDS?
Annual revenue of UDS is $319.63M as on Mar 31, 2024.
What does UDS do?
Updater Services Limited, operating as UDS, is engaged in delivering integrated business services across India. Services are offered in facility management, engineering, production support, and soft services. Operations span multiple sectors including manufacturing, retail, healthcare, metro rail, and airports. A pan-India presence with over 51 points of operation is maintained. Solutions are tailored to meet diverse client needs with a workforce of over 57,000 employees. Technology and innovation are integrated to enhance service delivery and operational efficiency.
Who are the top competitors of UDS?
UDS's top competitors include SILA, Colliers and Supreme Facility Management.
What products or services does UDS offer?
UDS offers Integrated Facilities Management, Engineering Services, Production Support Services, Soft Services, and Warehouse Management.
Is UDS publicly traded?
Yes, UDS is publicly traded on NSE under the ticker symbol UDS.
How many acquisitions has UDS made?
UDS has made 4 acquisitions, including Athena BPO, Denave, and Matrix.
Who are UDS's investors?
UDS has 2 investors. Key investors include Motilal Oswal Alternates, and New Vernon Wealth Management.
What is UDS's ticker symbol?
The ticker symbol of UDS is UDS on NSE.
What is UDS's valuation?
The valuation of UDS is $89.5M as of Feb 2017.
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