About Velox Softech
Velox Softech is a Technology company based in Ahmedabad (India) founded in 2017. It delivers comprehensive web, mobile, and custom software development services. It operates on a B2B model. Its Indian entity Velox Softech Llp reported revenue of ₹71.3 Lakh. Its focus areas include Software Development, Custom Solutions and Web and Mobile Apps. Its competitors include AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle and 5 more; 6 of its 10 listed competitors have raised funding.
Company details
Velox Softech, founded in 2017 in Ahmedabad, India, focuses on leveraging cutting-edge technology, creating custom software solutions, custom solutions, and web and mobile apps. Delivers comprehensive web, mobile, and custom software development services. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Ahmedabad, India
- SectorsTechnology
- Email••••••••
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- Website veloxsoftech.com
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- Legal Name Velox Softech Llp
- Date of Incorporation 18 Dec, 2017
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹71.3 Lakh
FY 2022 · -16% YoY
- Net Profit₹6 Lakh
FY 2022 · 8% margin
- EBITDA₹6.7 Lakh
FY 2022 · 9% margin
Associated legal entities of Velox Softech
Velox Softech operates through Velox Softech Llp (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Velox Softech Llp CIN AAL-4382 | Active | 18 Dec 2017 | Ahmedabad, Gujarat | ₹0.7 Cr | – | 2 | View details |
Board of directors of Velox Softech Llp (Velox Softech)
Velox Softech Llp is the primary company behind Velox Softech. The board of Velox Softech Llp currently have 2 directors; the longest-serving is Nirati Niyushkumar Shah, appointed in 2017. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nirati Niyushkumar Shah DIN 08023635 | Designated Partner | 18 Dec 2017 | 8 yrs 9 mo | Velox Softech Llp |
| Riddhi Luniya DIN 06941798 | Designated Partner | 09 Dec 2021 | 4 yrs 10 mo | Velox Softech Llp |
Financials of Velox Softech
Figures of Velox Softech Llp, the primary company behind Velox Softech, for FY 2022. Revenue was ₹71.3 Lakh (-16% year on year). Net profit was ₹6 Lakh (8% margin). EBITDA was ₹6.7 Lakh (9% margin). Revenue has grown at a compounded annual rate of +74% over three years.
- ₹71.3 LakhRevenue · FY 2022 · -16% YoY
- ₹6 LakhNet profit · 8% margin
- ₹6.7 LakhEBITDA · 9% margin
- +74%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Velox Softech Llp are on its company page.
Detailed financial statements for Velox Softech
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Competitors of Velox Softech
Velox Softech has 10 listed competitors in our database, 6 of them funded. They include AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| almaviva.it | 2005 | Rome, Italy | – | – | IT services suite solutions are provided globally by AlmavivA. | |
| hedgehoglab.com | 2007 | Newcastle Upon Tyne, United Kingdom | $9.49M | 88 | Mobile application development and UX design services are provided. | |
| hancom.com | 1990 | Seongnam-si, South Korea | – | – | Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions. | |
| akqa.com | 1994 | Riyadh, Saudi Arabia | $8.74M | 648 | Integrated digital marketing campaigns are developed and executed across channels. | |
| waracle.com | 2007 | Dundee, United Kingdom | $6.32M | 42 | Mobile apps and IoT solutions are developed across platforms. | |
| freschesolutions.com | 1976 | Montreal, Canada | $16M | – | IT services for application modernization and development are offered. | |
| sierraatlantic.com | 1993 | Newark, United States | $17.4M | 139 | Offshore enterprise application development and IT consulting services are provided. | |
| glowtouch.com | 2002 | Louisville, United States | – | 2,269 | Technology services are provided to mid-sized businesses across multiple regions. | |
| brightspot.com | 2008 | Reston, United States | $22M | – | CMS solutions for digital publishers are provided and managed. | |
| sylogist.com | 1993 | Calgary, Canada | – | – | Software solutions are delivered to public sector and business clients. |
Detailed competitors of Velox Softech
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Top companies in Mobile App Studios
10 companies that operate in the same segment as Velox Softech (Mobile App Studios), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Mobile applications and AI technologies are developed and operated. | 2013 | Milan, Lombardy, Italy | USD 839.54 M | USD 56.07 M | – | |
Multi-category messaging and advertising applications are offered online. | 2010 | Jeju-si, Jeju-do, South Korea | – | USD 5.61 B | 4,030 | |
Mobile app studio developing personalization apps | 2009 | Beijing, China | USD 2 M | USD 959.64 M | 1,570 | |
Short-form video and content discovery platforms are developed. | 2012 | Beijing, China | USD 6.11 B | USD 21.99 M | – | |
App studio for consumer focussed photo & video apps | 2010 | Tokyo, Tokyo, Japan | USD 4.07 M | – | – | |
Mobile content services, including music, are provided across APAC. | 2000 | Bengaluru, Karnataka, India | USD 46.3 M | USD 55.1 M | 397 | |
Peak is recognized for developing brain training mobile applications. | 2012 | London, England, United Kingdom | USD 8.2 M | – | – | |
Security products for mobile and desktop devices are provided. | 2010 | Beijing, China | – | USD 160.04 M | 934 | |
Offers IT solutions including mobile apps, web, eCommerce, and blockchain development. | 2011 | Ahmedabad, Gujarat, India | – | USD 4.14 M | 1 | |
Provider of web and mobile app development services to business enterprises | 2017 | Tokyo, Tokyo, Japan | USD 15.78 M | – | – |
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Related news about Velox Softech
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Frequently Asked Questions about Velox Softech
Velox Softech was founded in 2017.
Velox Softech is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
The primary company behind Velox Softech, Velox Softech Llp, reported revenue of ₹71.3 Lakh for FY 2022, down 16% year on year.
Velox Softech, founded in 2017 in Ahmedabad, India, focuses on leveraging cutting-edge technology, creating custom software solutions, custom solutions, and web and mobile apps. Delivers comprehensive web, mobile, and custom software development services. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Velox Softech's top competitors include Hedgehog lab, AlmavivA and AKQA.
Velox Softech operates through Velox Softech Llp.
The legal entities of Velox Softech currently have 2 directors, including Nirati Niyushkumar Shah, Riddhi Luniya.