About VSPIRE
VSPIRE is a Technology company based in Fraser (United States) founded in 2014. It delivers accounts payable solutions for businesses. It operates on a B2B model. The company has 1,360 employees. Its Indian entity Vspire Management Services Private Limited reported revenue of ₹23.11 Cr. Its focus areas include Fintech, Financial Software and Accounts Payable. Similar companies include Bill.com, AvidXchange and Tipalti; 3 of its 3 listed similar companies have raised funding.
Company details
VSPIRE, based in Fraser, focuses on leveraging cutting-edge technology, fintech, financial software, and accounts payable. Delivers accounts payable solutions for businesses. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Fraser, United States
- Employees 1,360
- SectorsTechnology
- Website vspire.co
- Social X Facebook
- Legal Name Vspire Management Services Private Limited
- Date of Incorporation 20 Apr, 2018
- Jurisdiction Hyderabad, Telangana, India
- Indian entity revenue₹23.11 Cr
FY 2023 · +34% YoY
- Indian entity net profit₹39.3 Lakh
FY 2023 · 2% margin
- Indian entity EBITDA₹94.3 Lakh
FY 2023 · 4% margin
- Employee Count1,360
Associated legal entities of VSPIRE
VSPIRE operates through Vspire Management Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vspire Management Services Private Limited CIN U74999TG2018PTC123992 | Active | 20 Apr 2018 | Hyderabad, Telangana | ₹23.1 Cr | 1,360 | 2 | View details |
Board of directors of Vspire Management Services Private Limited (VSPIRE)
Vspire Management Services Private Limited is the primary company behind VSPIRE. The board of Vspire Management Services Private Limited currently have 2 directors; the longest-serving is Chakradhar Mada, appointed in 2018. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chakradhar Mada DIN 07846095 | Director | 20 Apr 2018 | 8 yrs 6 mo | Vspire Management Services Private Limited |
| Laxmi Madhavi Mada DIN 09053573 | Additional Director | 07 Apr 2025 | 1 yr 7 mo | Vspire Management Services Private Limited |
Financials of VSPIRE
Figures of Vspire Management Services Private Limited, the primary company behind VSPIRE, for FY 2023. Revenue was ₹23.11 Cr (+34% year on year). Net profit was ₹39.3 Lakh (2% margin). EBITDA was ₹94.3 Lakh (4% margin). Revenue has grown at a compounded annual rate of +46% over three years.
- ₹23.11 CrRevenue · FY 2023 · +34% YoY
- ₹39.3 LakhNet profit · 2% margin
- ₹94.3 LakhEBITDA · 4% margin
- ₹10,000Paid-up capital
- 1,360Employees (provident fund records)
- +46%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Vspire Management Services Private Limited are on its company page.
Detailed financial statements for VSPIRE
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Verified entity values are shown only after access is granted.
Similar companies to VSPIRE
VSPIRE has 3 listed similar companies in our database, 3 of them funded. They include Bill.com, AvidXchange and Tipalti.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bill.com | 2006 | Palo Alto, United States | $325.6M | 1,384 | Cloud-based accounts payable and receivable software for businesses | |
| avidxchange.com | 2000 | Charlotte, United States | $1.18B | 1,714 | Accounts payable and payment automation solutions are offered for businesses. | |
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. |
Detailed similar companies of VSPIRE
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- Full competitor set
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Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as VSPIRE (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Frequently Asked Questions about VSPIRE
VSPIRE was founded in 2014.
VSPIRE is headquartered in Fraser, United States. It is registered at Fraser, Colorado, United States.
VSPIRE has 1,360 employees.
The primary company behind VSPIRE, Vspire Management Services Private Limited, reported revenue of ₹23.11 Cr for FY 2023, up 34% year on year.
VSPIRE, based in Fraser, focuses on leveraging cutting-edge technology, fintech, financial software, and accounts payable. Delivers accounts payable solutions for businesses. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
VSPIRE's top competitors include Bill.com, AvidXchange and Tipalti.
VSPIRE operates through Vspire Management Services Private Limited.
The legal entities of VSPIRE currently have 2 directors, including Laxmi Madhavi Mada, Chakradhar Mada.