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 βΉ149 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
- SectorsBusiness ServicesTechnology
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- 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
- 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 Count271
- Investments & AcquisitionsMedia Magic
& 1 more
- Acquired byR Systems
(Jun 2023)
Associated legal entities of Velotio Technologies
Velotio Technologies operates through Velotio Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Velotio Technologies Private Limited CIN U72100DL2016PTC434014 | Active | 01 May 2016 | New Delhi, Delhi | ₹149 Cr | 271 | 8 | View details |
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.
Assists in building MVPs and scaling products for enterprises
Creates intuitive user experiences for digital products
Develops responsive apps using React technologies
Automates CI/CD pipelines and Kubernetes adoption
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
R Systems is recognized as a leading digital product engineering company. | 1993 | rsystems.com | Noida, India |
Investor details for Velotio Technologies
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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.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kalpak Rajkumar Shah DIN 02940976 | Whole-time director | 01 May 2016 | 10 yrs 6 mo | Velotio Technologies Private Limited |
| Chirag Hemant Jog DIN 03026237 | Whole-time director | 01 May 2016 | 10 yrs 6 mo | Velotio Technologies Private Limited |
| Nitesh Bansal DIN 10170738 | Director | 03 Jul 2023 | 3 yrs 3 mo | Velotio Technologies Private Limited |
| Avirag Jain DIN 00004801 | Director | 03 Jul 2023 | 3 yrs 3 mo | Velotio Technologies Private Limited |
| Nand Lal Sardana DIN 09592752 | Director | 03 Jul 2023 | 3 yrs 3 mo | Velotio Technologies Private Limited |
| Kapil Dhameja DIN 02889310 | Director | 29 Sep 2023 | 3 yrs 1 mo | Velotio Technologies Private Limited |
| Ruchica Gupta DIN 06912329 | Director | 29 Sep 2023 | 3 yrs 1 mo | Velotio 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.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership | |
Madhur Nawandar | Director Of Engineering & | Leadership |
Asavari Joshi | Engineering Business Head | Leadership |
Pranav Kulkarni | Director Of Engineering & | Leadership |
Pratik Ambhore | Head - Data Engineering | Leadership |
Nitesh Jangir | Data Engineer | Team |
Akshay Jadhav | Devops Engineer | Team |
Prashant Kumar | Senior Data Engineer | Team |
Rita Kushwaha | Senior Data Engineer | Team |
Jai Kishore | Devops Engineer | Team |
Shiwam Jaiswal | Software Engineer | Team |
Arpit Ghiya | Devops Engineer | Team |
Gaurav Harariya | Senior Devops Engineer | Team |
Ashok Nalpe | Lead Finance And Accounts | Team |
Tushar Tibude | Senior Software Engineer | Team |
Aditya Pathak | Senior Devops Engineer | Team |
Adnan Saify | Senior Software Engineer | Team |
Rhushiraj Mahalle | Lead QA Engineer | Team |
Pratik Bamb | Senior Software Engineer | Team |
23 more people are available in the full profile.
Complete people profiles for Velotio Technologies
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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.
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Infrastructure and DevOps services are delivered to startups and enterprises. | scaleworx.io | Pune, India | 2020 | Mar 2024 | β’β’β’β’ | |
Smart home automation services are provided in Pune, India. | mediamagictechnologies.com | Pune, India | 2007 | Apr 2022 | β’β’β’β’ |
Complete acquisition details for Velotio Technologies
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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.
- Founded Velotio Technologies is founded.
- Acquisition Acquires Media Magic.
- Exit Acquired by R Systems.
- 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 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 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 visits33.4K
▲ 19.8% vs previous month
Websites whose visitors overlap most with Velotio Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| jonskeet.uk | 100% | #1,323,359 | View details | ||
overcast.blog | overcast.blog | 97% | #669,530 | β | |
csharpindeep.wordpress.com | csharpindeep.wordpress.com | 95% | β | ||
scientyficworld.org | scientyficworld.org | 94% | #2,567,140 | β | |
| mooict.com | 94% | #1,540,754 | View details | ||
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 40 similar websites and full traffic analytics for Velotio Technologies
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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.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of outsourcing and business services | 2007 | Bengaluru, Karnataka, India | USD 1.63 B | 441,150 | ||
Cloud-based text analytics and cognitive automation services are provided. | 1975 | Mumbai, Maharashtra, India | USD 3 M | USD 211.78 M | 4,960 | |
Electricity generation and distribution are provided in eastern India. | 1879 | Kolkata, West Bengal, India | USD 1.98 B | 5,690 |
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Related news about Velotio Technologies
Complete news archive for 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 βΉ149 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.

