About Velocious
Velocious is a Technology company based in Bengaluru (India) founded in 2021 by Srividya Kannan. Velocious is recognized for providing procurement and supplier management solutions. It operates on a SaaS (Software-as-a-Service) and Managed Services model. The company has 253 employees. Its Indian entity Avaali Solutions Private Limited reported revenue of ₹35.01 Cr. Velocious offers products and services including Velocious Sourcing Platform, Supplier Performance Analytics, and AP Invoice Automation. Its focus areas include Software and Procurement Solutions. Its competitors include Bizongo and Cashflo; 2 of its 2 listed competitors have raised funding.
Company details
Velocious, Operated By Avaali Solutions , Is Focused On Delivering Business Process Automation Solutions To Large Enterprises Globally. The Company Specializes In Procurement Applications, Including Sourcing, Supplier Onboarding, Performance Analytics, And Invoice Automation. Solutions Are Built On Cutting-edge Technologies Like Rpa And Ocr, Ensuring Compliance And Efficiency. Velocious Serves Various Sectors, Driving Innovation In Shared Services And Global Business Services Automation. Over Usd 2 Billion In Spends Are Managed Through The Platform, Supporting Seamless Integration With Leading Erps.
- Headquarters Bengaluru, India
- Employees 253
- Founders Srividya Kannan
- SectorsTechnology
- Phone•••• ••••
- Website velocious.ai
- Legal Name Avaali Solutions Pvt Ltd
- Date of Incorporation 23 Jul, 2012
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹35.01 Cr
FY 2024 · +15% YoY
- Net Profit₹7.25 Cr
FY 2024 · 21% margin
- EBITDA₹7.95 Cr
FY 2024 · 23% margin
- Employee Count253
Associated legal entities of Velocious
Velocious operates through Avaali 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 |
|---|---|---|---|---|---|---|---|
| Avaali Solutions Private Limited CIN U72900KA2012PTC064953 | Active | 23 Jul 2012 | Bangalore, Karnataka | ₹35.0 Cr | 253 | 4 | View details |
Products & Services of Velocious
Velocious offers a comprehensive portfolio of products and services, including Velocious Sourcing Platform, Supplier Performance Analytics, and AP Invoice Automation.
Platform for sourcing and supplier management automation provided.
Insights into supplier performance and spend trends offered.
Electronic invoice submission and processing are streamlined efficiently.
Board of directors of Avaali Solutions Private Limited (Velocious)
Avaali Solutions Private Limited is the primary company behind Velocious. The board of Avaali Solutions Private Limited currently have 4 directors; the longest-serving is Kannan Ramaswamy Sheshadri, appointed in 2012. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kannan Ramaswamy Sheshadri DIN 05303379 | Director | 23 Jul 2012 | 14 yrs 3 mo | Avaali Solutions Private Limited |
| Srividya Kannan DIN 05303403 | Managing Director | 23 Jul 2012 | 14 yrs 3 mo | Avaali Solutions Private Limited |
| Jay Keller Juerg DIN 07043306 | Director | 13 Dec 2014 | 11 yrs 10 mo | Avaali Solutions Private Limited |
| Pratima Ram DIN 03518633 | Director | 14 May 2019 | 7 yrs 5 mo | Avaali Solutions Private Limited |
People of Velocious
1 people are tracked at Velocious (1 in leadership); the tracked headcount is 253.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Velocious
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Financials of Velocious
Figures of Avaali Solutions Private Limited, the primary company behind Velocious, for FY 2024. Revenue was ₹35.01 Cr (+15% year on year). Net profit was ₹7.25 Cr (21% margin). EBITDA was ₹7.95 Cr (23% margin). Revenue has grown at a compounded annual rate of +36% over three years and +30% over five years.
- ₹35.01 CrRevenue · FY 2024 · +15% YoY
- ₹7.25 CrNet profit · 21% margin
- ₹7.95 CrEBITDA · 23% margin
- ₹24.4 LakhPaid-up capital
- 253Employees (provident fund records)
- +36%Revenue CAGR, 3 years
- +30%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Avaali Solutions Private Limited are on its company page.
Detailed financial statements for Velocious
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Competitors of Velocious
Velocious has 2 listed competitors in our database, 2 of them funded. They include Bizongo and Cashflo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| cashflo.io | 2019 | Mumbai, India | $12.77M | 54 | Provider of accounts payable automation, payment, compliance, and vendor management software |
Detailed competitors of Velocious
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Top companies in Procurement & Supply Chain IT
2 companies that operate in the same segment as Velocious (Procurement & Supply Chain IT) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
Provider of working capital and supply chain finance solutions for businesses | 2017 | Mumbai, Maharashtra, India | USD 62 M | USD 2.85 M | 181 |
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Related news about Velocious
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Frequently Asked Questions about Velocious
Velocious was founded in 2021.
Velocious is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Velocious has 253 employees.
The primary company behind Velocious, Avaali Solutions Private Limited, reported revenue of ₹35.01 Cr for FY 2024, up 15% year on year.
Velocious, Operated By Avaali Solutions , Is Focused On Delivering Business Process Automation Solutions To Large Enterprises Globally. The Company Specializes In Procurement Applications, Including Sourcing, Supplier Onboarding, Performance Analytics, And Invoice Automation. Solutions Are Built On Cutting-edge Technologies Like Rpa And Ocr, Ensuring Compliance And Efficiency. Velocious Serves Various Sectors, Driving Innovation In Shared Services And Global Business Services Automation. Over Usd 2 Billion In Spends Are Managed Through The Platform, Supporting Seamless Integration With Leading Erps.
Velocious offers Velocious Sourcing Platform, Supplier Performance Analytics, and AP Invoice Automation.
Velocious operates through Avaali Solutions Private Limited.
The legal entities of Velocious currently have 4 directors, including Jay Keller Juerg, Pratima Ram, Kannan Ramaswamy Sheshadri and others.