About Vortex India
Vortex India is a Financial Services company based in Chennai (India) founded in 2001 by Kannan Lakshminarayan. Self-service transaction systems including ATMs are designed and manufactured. Vortex India has raised $24.03 million across 7 funding rounds from investors including Tata Capital, International Finance Corporation and Vakrangee. The company has 301 employees. Vortex India was last valued at $8.15 million in February 2011. Its chief executive, as recorded, is Sathyan Gopalan. Its Indian entity Vortex Engineering Private Limited reported revenue of ₹53.38 Cr. Vortex India offers products and services including Ecoteller ATMs and Perfo Software. Its focus areas include FinTech, Banking Tech, Core Banking Platforms and ATM Management.
Company details
Vortex Engineering was established in 2001 in Chennai, India, within the financial technology sector. ATMs and related self-service systems are produced for banks and financial institutions. Low-power and solar-powered ATM models are developed as key innovations. Monitoring and incident management services for multi-vendor ATMs are offered to support operations across regions.
- Headquarters Chennai, India
- Employees 301
- Founders Kannan Lakshminarayan
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website vortexindia.co.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Vortex Engineering Private Limited
- Date of Incorporation 12 Mar, 2001
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹53.38 Cr
FY 2024 · +6% YoY
- Net Loss-₹4.42 Cr
FY 2024 · -8% margin
- EBITDA-₹1.23 Cr
FY 2024 · -2% margin
- Total Equity Funding$24.03M (USD)
in 7 rounds
- InvestorsTata Capital
& 17 more
- Employee Count301
Associated legal entities of Vortex India
Vortex India operates through Vortex Engineering 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 |
|---|---|---|---|---|---|---|---|
| Vortex Engineering Private Limited CIN U29262TN2001PTC046779 | Active | 12 Mar 2001 | Chennai, Tamil Nadu | ₹53.4 Cr | 301 | 4 | View details |
Products & Services of Vortex India
Vortex India offers a comprehensive portfolio of products and services, including Ecoteller ATMs and Perfo Software.
Energy-efficient ATMs using Linux for low power and solar viability.
Platform for real-time ATM monitoring and incident management services.
Apps and channels of Vortex India
its YouTube channel Vortex Engineering Pvt Ltd has 239 subscribers and 30 videos.
Videos from Vortex India
The most watched videos on Vortex India's YouTube channel, Vortex Engineering Pvt Ltd (239 subscribers). Click a video to play it here.
More on Vortex Engineering Pvt Ltd.
Funding Insights of Vortex India
Vortex India has successfully raised a total of $24.03M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $24.03M
- Total Rounds 7
- First Round $834,695
(Jun 2007)
- Investors Count 18
All 7 funding rounds of Vortex India with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2023 | Series D | – | Vakrangee, Dinesh Nandwana | – | |
| Feb 2018 | $5M | Series D | – | – | – |
| Feb 2011 | $14.68M | Series A | – | Aavishkaar Capital, Tata Capital | |
| Jun 2009 | $3.09M | Seed | $3.29M | Oasis Capital | |
| Mar 2009 | $424,295 | Seed | $2.65M | Raymond Stuart Stata | |
| Jun 2008 | Seed | – | Bamboo Capital Partners | – | |
| Jun 2007 | $834,695 | Seed | – | Aavishkaar Capital |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2011 | $8.15M | •••••••• |
| Jun 2009 | $3.29M | •••••••• |
| Mar 2009 | $••••• | •••••••• |
Full valuation and stage history of Vortex India
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
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Verified entity values are shown only after access is granted.
Last known valuation $8.15M (Feb 2011). 18 investors in total: 9 institutional and 9 angel.
Investors in Vortex India
Vortex India has secured backing from 18 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Tata Capital, International Finance Corporation and Vakrangee.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology, healthcare, and clean environment sectors since 1997. | 1997 | ventureast.net | Bengaluru, India | |
Venture capital firm | aavishkaarcapital.in | Mumbai, India | ||
Impact investing platform providing financing for emerging markets. | bamboocp.com | |||
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Correspondent banking solutions are provided via an agent-based platform. | 1990 | vakrangee.in | Mumbai, India | |
Automated trading systems and stock market education are provided by Oasis Capital. | oasiscapital.in | Tumakuru, India | ||
Diversified non-banking financial services are provided by Tata Capital. | 2007 | tatacapital.com | Mumbai, India | |
Venture capital firm focused on multiple sectors | aavishkaar.in | Mumbai, India | ||
Networking and communication services are provided in Chennai, India. | Chennai, India | |||
DN Dinesh Nandwana | Founder of Vakrangee, prominent angel investor in Indian startups | unknown_f778a62be061425bb |
Investor details for Vortex India
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Vortex Engineering Private Limited (Vortex India)
Vortex Engineering Private Limited is the primary company behind Vortex India. The board of Vortex Engineering Private Limited currently have 4 directors; the longest-serving is Gopalakrishnan, appointed in 2024. 31 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gopalakrishnan DIN 03602560 | Director | 21 Jun 2024 | 2 yrs 4 mo | Vortex Engineering Private Limited |
| Hari Chand Mittal DIN 08797386 | Director | 13 Aug 2024 | 2 yrs 2 mo | Vortex Engineering Private Limited |
| Nishikant Kishanrao Hayatnagarkar DIN 00062638 | Director | 16 Sep 2024 | 2 yrs 1 mo | Vortex Engineering Private Limited |
| Divya Dinesh Nandwana DIN 08085537 | Nominee Director | 08 Apr 2025 | 1 yr 7 mo | Vortex Engineering Private Limited |
People of Vortex India
11 people are tracked at Vortex India (7 in leadership, 2 in board & advisors, 2 in team); the tracked headcount is 301.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
Sathyan Gopalan | CEO | Leadership |
| Executive Director | Leadership | |
R Narayanakumar | ex-CTO | Leadership |
Manoj K.P. | VP, ATM R&D | Leadership |
Gopala Krishnan Srinivasan | CFO & Head HR | Leadership |
N.s. Kiran Kumar | General Manager, Software | Leadership |
Arun Diaz | Director | Board & advisors |
Sureena Gill | Director | Board & advisors |
M.A. Senthil Kumar | GM, Manufacturing | Team |
G. Vanjinathan | SVP, Customer Services | Team |
Complete people profiles for Vortex India
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Vortex India
Figures of Vortex Engineering Private Limited, the primary company behind Vortex India, for FY 2024. Revenue was ₹53.38 Cr (+6% year on year). Net loss was -₹4.42 Cr (-8% margin). EBITDA was -₹1.23 Cr (-2% margin). Revenue has grown at a compounded annual rate of +12% over three years and +2% over five years.
- ₹53.38 CrRevenue · FY 2024 · +6% YoY
- -₹4.42 CrNet loss · -8% margin
- -₹1.23 CrEBITDA · -2% margin
- ₹95.2 LakhPaid-up capital
- 301Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Vortex Engineering Private Limited are on its company page.
Detailed financial statements for Vortex India
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Vortex India
4 dated milestones of Vortex India across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Vortex India is founded.
- Funding First funding round of $835K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series D,.
Web traffic of Vortex India
The website of Vortex India (vortexindia.co.in) receives about 1.5K visits a month.
- Monthly visits1.5K
▼ 15.2% vs previous month
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Related news about Vortex India
Complete news archive for Vortex India
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Verified entity values are shown only after access is granted.
Frequently Asked Questions about Vortex India
Vortex India was founded in 2001 and raised its 1st funding round 6 years after it was founded.
Vortex India is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Sathyan Gopalan is the CEO of Vortex India, as recorded in our data.
Vortex India is a funded company, having raised a total of $24.03M across 7 funding rounds to date. The company's 1st funding round was a Seed of $834.7K, raised on Jun 2007.
Vortex India has 301 employees.
The primary company behind Vortex India, Vortex Engineering Private Limited, reported revenue of ₹53.38 Cr for FY 2024, up 6% year on year.
Vortex Engineering was established in 2001 in Chennai, India, within the financial technology sector. ATMs and related self-service systems are produced for banks and financial institutions. Low-power and solar-powered ATM models are developed as key innovations. Monitoring and incident management services for multi-vendor ATMs are offered to support operations across regions.
Vortex India offers Ecoteller ATMs and Perfo Software.
Vortex India has 18 investors. Key investors include Tata Capital, International Finance Corporation, Vakrangee, Ventureast, and Oasis Capital.
The valuation of Vortex India is $8.15M as of Feb 2011.
Vortex India operates through Vortex Engineering Private Limited.
The legal entities of Vortex India currently have 4 directors, including Hari Chand Mittal, Divya Dinesh Nandwana, Gopalakrishnan and others.