About Veract
Veract is a Technology company. Custom software development services in web, mobile, AI, and ML technologies. Its Indian entity Veract Consultancy Private Limited reported revenue of ₹41.8 Lakh. Veract offers products and services including Web Applications and AI and ML Applications. Its focus areas include Information Technology, Software Development, Custom Software and Web and Mobile Applications.
Company details
Veract was founded with a focus on engineering and technology to improve efficiency, where individuals sharing this passion are recruited and developed. Collaboration is facilitated with UX-trained engineers to address challenges, and expertise has been refined in areas like Machine Vision and Large Language Models. Services encompass web and mobile applications, UIUX design, and AI-driven solutions, as demonstrated through successes in edtech, wellness, and industrial platforms. Client projects are handled with prompt support and effective delivery, ensuring requirements are met accurately.
- SectorsTechnology
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- Legal Name Veract Consultancy Pvt. Ltd
- Date of Incorporation 19 Oct, 2016
- Jurisdiction Chennai, Tamil Nadu, India
- Indian entity revenue₹41.8 Lakh
FY 2024 · -16% YoY
- Indian entity net profit₹2.9 Lakh
FY 2024 · 7% margin
- Indian entity EBITDA₹4.4 Lakh
FY 2024 · 11% margin
Associated legal entities of Veract
Veract operates through Veract Consultancy 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 |
|---|---|---|---|---|---|---|---|
| Veract Consultancy Private Limited CIN U74999TN2016PTC112991 | Active | 19 Oct 2016 | Chennai, Tamil Nadu | ₹0.4 Cr | 2 | View details |
Products & Services of Veract
Veract offers a comprehensive portfolio of products and services, including Web Applications and AI and ML Applications.
Web applications are developed using technologies like JavaScript and NodeJS to solve business problems
AI and ML applications are developed for computer vision and language processing to optimize processes
Board of directors of Veract Consultancy Private Limited (Veract)
Veract Consultancy Private Limited is the primary company behind Veract. The board of Veract Consultancy Private Limited currently have 2 directors; the longest-serving is Avinash, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Avinash DIN 02039093 | Director | 19 Oct 2016 | 10 yrs | Veract Consultancy Private Limited |
| Srikanthan Preethy DIN 07640188 | Director | 19 Oct 2016 | 10 yrs | Veract Consultancy Private Limited |
Financials of Veract
Figures of Veract Consultancy Private Limited, the primary company behind Veract, for FY 2024. Revenue was ₹41.8 Lakh (-16% year on year). Net profit was ₹2.9 Lakh (7% margin). EBITDA was ₹4.4 Lakh (11% margin). Revenue has grown at a compounded annual rate of +41% over three years and +74% over five years.
- ₹41.8 LakhRevenue · FY 2024 · -16% YoY
- ₹2.9 LakhNet profit · 7% margin
- ₹4.4 LakhEBITDA · 11% margin
- ₹1 LakhPaid-up capital
- +41%Revenue CAGR, 3 years
- +74%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Veract Consultancy Private Limited are on its company page.
Detailed financial statements for Veract
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Frequently Asked Questions about Veract
The primary company behind Veract, Veract Consultancy Private Limited, reported revenue of ₹41.8 Lakh for FY 2024, down 16% year on year.
Veract was founded with a focus on engineering and technology to improve efficiency, where individuals sharing this passion are recruited and developed. Collaboration is facilitated with UX-trained engineers to address challenges, and expertise has been refined in areas like Machine Vision and Large Language Models. Services encompass web and mobile applications, UIUX design, and AI-driven solutions, as demonstrated through successes in edtech, wellness, and industrial platforms. Client projects are handled with prompt support and effective delivery, ensuring requirements are met accurately.
Veract offers Web Applications and AI and ML Applications.
Veract operates through Veract Consultancy Private Limited.
The legal entities of Veract currently have 2 directors, including Avinash, Srikanthan Preethy.