About Umenit
Umenit is a Technology company based in Delhi (India) founded in 2016 by Jasmeet Singh. It offers AI solutions, custom software, and IT consulting for businesses. It operates on a B2B model. Its Indian entity Umenit Solutions Llp reported revenue of ₹4.53 Cr. Umenit offers products and services including Custom Software Development, AI Solutions, IT Consulting, and Blockchain Services. Its focus areas include Artificial Intelligence, AI Services, Generative AI and Software Development. Similar companies include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture and 4 more; 3 of its 9 listed similar companies have raised funding.
Company details
UMENIT is a technology service provider specializing in AI, custom software development, IT consulting, and blockchain services. They deliver tailored solutions to help businesses innovate and scale, including AI product development and data analytics. Operating from offices in Denmark, Dubai, and India, they serve clients across various sectors by focusing on efficient, secure tech implementations.
- Headquarters Delhi, India
- Founders Jasmeet Singh
- SectorsTechnology
- Phone•••• ••••
- Website umenit.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Umenit Solutions Llp
- Date of Incorporation 12 Feb, 2016
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹4.53 Cr
FY 2023 · +17% YoY
- Net Profit₹31.1 Lakh
FY 2023 · 7% margin
- EBITDA₹38.4 Lakh
FY 2023 · 8% margin
Associated legal entities of Umenit
Umenit operates through Umenit Solutions Llp (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Umenit Solutions Llp CIN AAF-6960 | Active | 12 Feb 2016 | New Delhi, Delhi | ₹4.5 Cr | – | 2 | View details |
Products & Services of Umenit
Umenit offers a comprehensive portfolio of products and services, including Custom Software Development, AI Solutions, IT Consulting, and Blockchain Services.
Develops tailored digital solutions for business needs.
Provides advanced AI for business transformation.
Offers strategy and implementation for technology needs.
Delivers secure blockchain applications for enterprises.
Apps and channels of Umenit
its YouTube channel UMENIT has 29 subscribers and 17 videos.
Videos from Umenit
The most watched videos on Umenit's YouTube channel, UMENIT (29 subscribers). Click a video to play it here.
More on UMENIT.
Board of directors of Umenit Solutions Llp (Umenit)
Umenit Solutions Llp is the primary company behind Umenit. The board of Umenit Solutions Llp currently have 2 directors; the longest-serving is Jasmeet Singh, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jasmeet Singh DIN 07331354 | Designated Partner | 12 Feb 2016 | 10 yrs 8 mo | Umenit Solutions Llp |
| Sonal Jasminder Singh DIN 07331334 | Designated Partner | 12 Feb 2016 | 10 yrs 8 mo | Umenit Solutions Llp |
People of Umenit
5 people are tracked at Umenit (1 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
| Founder, Director | Leadership | |
Niti Malhotra | Business Development Executive | Team |
Madhu Roy | Business Development Manager | Team |
Joshua Daniel | Business Development Executive | Team |
Sijoy Joseph | Talent Acquisition Specialist | Team |
Complete people profiles for Umenit
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- Full employee list
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Financials of Umenit
Figures of Umenit Solutions Llp, the primary company behind Umenit, for FY 2023. Revenue was ₹4.53 Cr (+17% year on year). Net profit was ₹31.1 Lakh (7% margin). EBITDA was ₹38.4 Lakh (8% margin). Revenue has grown at a compounded annual rate of +22% over three years and +35% over five years.
- ₹4.53 CrRevenue · FY 2023 · +17% YoY
- ₹31.1 LakhNet profit · 7% margin
- ₹38.4 LakhEBITDA · 8% margin
- +22%Revenue CAGR, 3 years
- +35%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Umenit Solutions Llp are on its company page.
Detailed financial statements for Umenit
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Similar companies to Umenit
Umenit has 9 listed similar companies in our database, 3 of them funded. They include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ust.com.tw | 1998 | Taiwan | – | – | High-quality office furniture is provided by UST for various needs. | |
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| ionos.com | 1988 | Chesterbrook, United States | – | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | |
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| accenture.com | 1989 | Dublin, Ireland | – | 29 | IT and management consultancy services are provided globally. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| endava.com | 2000 | London, United Kingdom | – | 12,063 | Endava is engaged in digital transformation and AI-driven solutions. |
Detailed similar companies of Umenit
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- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Umenit
The website of Umenit (umenit.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 27.4% vs previous month
Top companies in Generative & Foundation AI Models
10 companies that operate in the same segment as Umenit (Generative & Foundation AI Models), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of AI and cloud-based writing assistance platform for improving writing and communication | 2009 | San Francisco, California, United States | USD 545.37 M | – | 4,208 | |
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 180.07 B | – | 11,115 | |
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 132.31 B | – | 6,146 | |
AI-based conversational solutions are provided for user interactions and learning. | 2021 | Menlo Park, California, United States | USD 193 M | – | 325 | |
AI-powered tools for video creation from text prompts are offered. | 2017 | San Francisco, California, United States | USD 56.87 M | – | – | |
Citation-based AI answer engine with real-time sourcing is operated. | 2022 | San Francisco, California, United States | USD 1.72 B | – | 1,401 | |
Provider of customer communications management platform | 2008 | Stockholm, Sweden | USD 12 M | USD 2.94 B | 4,080 | |
AI-enabled private search engine for keyword-based queries is operated. | 2020 | Palo Alto, California, United States | USD 199 M | – | 337 | |
AI-based voice transcription for meetings is provided via cloud software. | 2016 | Los Altos, California, United States | USD 390 M | – | – | |
AI-powered software for contract drafting and management is provided. | 2017 | India | USD 112.95 M | USD 2.43 M | 162 |
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Frequently Asked Questions about Umenit
Umenit was founded in 2016.
Umenit is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
The primary company behind Umenit, Umenit Solutions Llp, reported revenue of ₹4.53 Cr for FY 2023, up 17% year on year.
UMENIT is a technology service provider specializing in AI, custom software development, IT consulting, and blockchain services. They deliver tailored solutions to help businesses innovate and scale, including AI product development and data analytics. Operating from offices in Denmark, Dubai, and India, they serve clients across various sectors by focusing on efficient, secure tech implementations.
Umenit's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Umenit offers Custom Software Development, AI Solutions, IT Consulting, and Blockchain Services.
Umenit operates through Umenit Solutions Llp.
The legal entities of Umenit currently have 2 directors, including Jasmeet Singh, Sonal Jasminder Singh.