Velotio Technologies

Pune, India Founded: 2016 • Age: 10 yrs Acquired By R Systems
Product development services are provided by Velotio Technologies in India.

About Velotio Technologies

Velotio Technologies is a Business Services company based in Pune (India) founded in 2016 by Kalpak Shah and Chirag Jog, and was acquired by R Systems in June 2023. Product development services are provided by Velotio Technologies in India. It operates in the Business Services and Technology sectors. The company has 271 employees. Velotio Technologies has completed 2 acquisitions, including Media Magic and ScaleWorx. Its chief executive, as recorded, is Kalpak Shah. Its website velotio.com draws about 33 thousand monthly visits. Its Indian entity Velotio Technologies Private Limited reported revenue of β‚Ή149 Cr. Velotio Technologies offers products and services including Product Engineering, UI/UX Design, React Development, Cloud & DevOps, and Generative AI Development. Its focus areas include BPO Services, Horizontal, IT Services and Suite. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.

Company details

Velotio Technologies was founded in 2016 and is based in Pune, India. Operations focus on software product development services within the technology sector. Custom solutions are delivered for clients, including application building and engineering support. Leadership is provided by co-founders Kalpak Shah as CEO and Chirag Jog as CTO. The company maintains a presence through its domain velotio.com, serving various industries from its Indian headquarters.

  • Headquarters Pune, India
  • Employees 271
  • Founders Kalpak Shah, Chirag Jog
  • Stage Acquired
  • Sectors
    Business Services
    Technology
  • Email
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  • Phone
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  • Website velotio.com
  • Social LinkedIn X Facebook
  • Acquired by R Systems (Jun 2023)
  • Legal Name Velotio Technologies Private Limited
  • Date of Incorporation 01 May, 2016
  • Jurisdiction New Delhi, Delhi, India
Key Metrics
  • Annual Revenue
    ₹149 Cr

    FY 2025 · +8% YoY

  • Net Profit
    ₹28.32 Cr

    FY 2025 · 19% margin

  • EBITDA
    ₹40.85 Cr

    FY 2025 · 27% margin

  • Investors
  • Employee Count
    271
  • Investments & Acquisitions
  • Acquired by
    R Systems

    (Jun 2023)

Products & Services of Velotio Technologies

Velotio Technologies offers a comprehensive portfolio of products and services, including Product Engineering, UI/UX Design, React Development, Cloud & DevOps, and Generative AI Development.

Product Engineering
Consulting

Assists in building MVPs and scaling products for enterprises

UI/UX Design
Design Services

Creates intuitive user experiences for digital products

React Development
Web Development

Develops responsive apps using React technologies

Cloud & DevOps
Infrastructure Services

Automates CI/CD pipelines and Kubernetes adoption

Generative AI Development
AI Services

Integrates AI tools for intelligent product features

Investors in Velotio Technologies

Velotio Technologies has secured backing from 1 investor. Prominent investors backing the company include R Systems.

All
InvestorDescriptionFounded YearDomainLocation
R Systems is recognized as a leading digital product engineering company.
1993rsystems.comNoida, India
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Board of directors of Velotio Technologies Private Limited (Velotio Technologies)

Velotio Technologies Private Limited is the primary company behind Velotio Technologies. The board of Velotio Technologies Private Limited currently have 7 directors; the longest-serving is Kalpak Rajkumar Shah, appointed in 2016. 7 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Kalpak Rajkumar Shah
DIN 02940976
Whole-time director01 May 201610 yrs 6 moVelotio Technologies Private Limited
Chirag Hemant Jog
DIN 03026237
Whole-time director01 May 201610 yrs 6 moVelotio Technologies Private Limited
Nitesh Bansal
DIN 10170738
Director03 Jul 20233 yrs 3 moVelotio Technologies Private Limited
Avirag Jain
DIN 00004801
Director03 Jul 20233 yrs 3 moVelotio Technologies Private Limited
Nand Lal Sardana
DIN 09592752
Director03 Jul 20233 yrs 3 moVelotio Technologies Private Limited
Kapil Dhameja
DIN 02889310
Director29 Sep 20233 yrs 1 moVelotio Technologies Private Limited
Ruchica Gupta
DIN 06912329
Director29 Sep 20233 yrs 1 moVelotio Technologies Private Limited

People of Velotio Technologies

43 people are tracked at Velotio Technologies (6 in leadership, 37 in team); the tracked headcount is 271.

NameRoleGroup
Co-Founder & CEOLeadership
Co-Founder & CTOLeadership
Madhur Nawandar
Director Of Engineering &Leadership
Asavari Joshi
Engineering Business HeadLeadership
Pranav Kulkarni
Director Of Engineering &Leadership
Pratik Ambhore
Head - Data EngineeringLeadership
Nitesh Jangir
Data EngineerTeam
Akshay Jadhav
Devops EngineerTeam
Prashant Kumar
Senior Data EngineerTeam
Rita Kushwaha
Senior Data EngineerTeam
Jai Kishore
Devops EngineerTeam
Shiwam Jaiswal
Software EngineerTeam
Arpit Ghiya
Devops EngineerTeam
Gaurav Harariya
Senior Devops EngineerTeam
Ashok Nalpe
Lead Finance And AccountsTeam
Tushar Tibude
Senior Software EngineerTeam
Aditya Pathak
Senior Devops EngineerTeam
Adnan Saify
Senior Software EngineerTeam
Rhushiraj Mahalle
Lead QA EngineerTeam
Pratik Bamb
Senior Software EngineerTeam

23 more people are available in the full profile.

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Financials of Velotio Technologies

Figures of Velotio Technologies Private Limited, the primary company behind Velotio Technologies, for FY 2025. Revenue was ₹149 Cr (+8% year on year). Net profit was ₹28.32 Cr (19% margin). EBITDA was ₹40.85 Cr (27% margin). Revenue has grown at a compounded annual rate of +21% over three years and +41% over five years.

  • ₹149 CrRevenue · FY 2025 · +8% YoY
  • ₹28.32 CrNet profit · 19% margin
  • ₹40.85 CrEBITDA · 27% margin
  • ₹2.3 LakhPaid-up capital
  • 271Employees (provident fund records)
  • +21%Revenue CAGR, 3 years
  • +41%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Velotio Technologies Private Limited are on its company page.

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Detailed financial statements for Velotio Technologies

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Investments & Acquisitions by Velotio Technologies

Velotio Technologies has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Media Magic and ScaleWorx.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Infrastructure and DevOps services are delivered to startups and enterprises.
scaleworx.ioPune, India2020Mar 2024β€’β€’β€’β€’
Smart home automation services are provided in Pune, India.
mediamagictechnologies.comPune, India2007Apr 2022β€’β€’β€’β€’
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Timeline of Velotio Technologies

4 dated milestones of Velotio Technologies across 8 years, from founding to its latest funding, stage changes and deals.

  1. Founded Velotio Technologies is founded.
  2. Acquisition Acquires Media Magic.
  3. Exit Acquired by R Systems.
  4. Acquisition Acquires ScaleWorx.

Competitors of Velotio Technologies

Velotio Technologies has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
happiestminds.com2011Bengaluru, India$64.83M4,517
IT outsourcing services are delivered across multiple business lines.
datamatics.com1975Mumbai, India$3M5,875
Cloud-based text analytics and cognitive automation services are provided.
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Detailed competitors of Velotio Technologies

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Web traffic of Velotio Technologies

The website of Velotio Technologies (velotio.com) receives about 33.4K visits a month.

  • Monthly visits
    33.4K

    ▲ 19.8% vs previous month

Similar websites

Websites whose visitors overlap most with Velotio Technologies. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
jonskeet.uk
100%
#1,323,359View details
overcast.blog
overcast.blog
97%
#669,530–
csharpindeep.wordpress.com
csharpindeep.wordpress.com
95%
–
scientyficworld.org
scientyficworld.org
94%
#2,567,140–
mooict.com
94%
#1,540,754View details
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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Top companies in Business Process Outsourcing (BPO)

3 companies that operate in the same segment as Velotio Technologies (Business Process Outsourcing (BPO)) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Provider of outsourcing and business services
2007Bengaluru, Karnataka, IndiaUSD 1.63 B441,150
Cloud-based text analytics and cognitive automation services are provided.
1975Mumbai, Maharashtra, IndiaUSD 3 MUSD 211.78 M4,960
Electricity generation and distribution are provided in eastern India.
1879Kolkata, West Bengal, IndiaUSD 1.98 B5,690
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Related news about Velotio Technologies

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Frequently Asked Questions about Velotio Technologies

Velotio Technologies was founded in 2016.

Velotio Technologies is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.

Kalpak Shah is the CEO of Velotio Technologies, as recorded in our data. They have also founded this company.

Velotio Technologies has 271 employees.

The primary company behind Velotio Technologies, Velotio Technologies Private Limited, reported revenue of β‚Ή149 Cr for FY 2025, up 8% year on year.

Velotio Technologies was founded in 2016 and is based in Pune, India. Operations focus on software product development services within the technology sector. Custom solutions are delivered for clients, including application building and engineering support. Leadership is provided by co-founders Kalpak Shah as CEO and Chirag Jog as CTO. The company maintains a presence through its domain velotio.com, serving various industries from its Indian headquarters.

Velotio Technologies's top competitors include Happiest Minds and Datamatics.

Velotio Technologies offers Product Engineering, UI/UX Design, React Development, Cloud & DevOps, and Generative AI Development.

Velotio Technologies has made 2 acquisitions, including Media Magic, and ScaleWorx.

Velotio Technologies has 1 investor. Key investors include R Systems.

Velotio Technologies operates through Velotio Technologies Private Limited.

Yes. Velotio Technologies was acquired by R Systems in June 2023.

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