About YsecIT
YsecIT is a Technology company based in Bengaluru (India) founded in 2008. Provider of web software development, networking, and database services. YsecIT has raised $2.11 million across 1 funding round from investors including Allevia and Investments. The company has 272 employees. YsecIT was last valued at $5.24 million in November 2018. Its Indian entity Ysecit Softwares India Private Limited reported revenue of ₹110 Cr. Its focus areas include Business Services, IT Services and Suite. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
YsecIT, founded in 2008 in Bengaluru, India, focuses on providing business support, providing IT services, and suite. Provider of web software development, networking, and database services. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Bengaluru, India
- Employees 272
- Stage Minicorn
- SectorsTechnology
- Website ysecit.com
- Social LinkedIn Facebook Instagram
- Legal Name Ysecit Softwares India Private Limited
- Date of Incorporation 04 Apr, 2012
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹110 Cr
FY 2024 · +37% YoY
- Net Profit₹7.87 Cr
FY 2024 · 7% margin
- EBITDA₹15.26 Cr
FY 2024 · 14% margin
- Total Equity Funding$2.11M (USD)
in 1 rounds
- Latest Funding Round$2.11M (USD), Seed
Nov 2018
- Employee Count272
Associated legal entities of YsecIT
YsecIT operates through Ysecit Softwares India 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 |
|---|---|---|---|---|---|---|---|
| Ysecit Softwares India Private Limited CIN U72900KA2012PTC063422 | Active | 04 Apr 2012 | Bangalore, Karnataka | ₹110 Cr | 272 | 2 | View details |
Funding Insights of YsecIT
YsecIT has successfully raised a total of $2.11M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.11 million completed in November 2018. 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 $2.11M
- Total Rounds 1
- Last Round Seed — $2.11M
- First Round $2.11M
(Nov 2018)
- Investors Count 1
All 1 funding rounds of YsecIT 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 |
|---|---|---|---|---|---|
| Nov 2018 | $2.11M | Seed | $5.24M | Allevia and Investments | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2018 | $5.24M | •••••••• |
Last known valuation $5.24M (Nov 2018). 1 investors in total: 1 institutional.
Investors in YsecIT
YsecIT has secured backing from 1 investor. Prominent investors backing the company include Allevia and Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| alleviaandinvestments.tcc.mode |
Investor details for YsecIT
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 Ysecit Softwares India Private Limited (YsecIT)
Ysecit Softwares India Private Limited is the primary company behind YsecIT. The board of Ysecit Softwares India Private Limited currently have 2 directors; the longest-serving is Ramgatie Awinash Steven, appointed in 2013. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ramgatie Awinash Steven DIN 06719575 | Director | 22 Oct 2013 | 13 yrs | Ysecit Softwares India Private Limited |
| Sashi Bhaskar DIN 08838194 | Additional Director | 23 Apr 2025 | 1 yr 6 mo | Ysecit Softwares India Private Limited |
Financials of YsecIT
Figures of Ysecit Softwares India Private Limited, the primary company behind YsecIT, for FY 2024. Revenue was ₹110 Cr (+37% year on year). Net profit was ₹7.87 Cr (7% margin). EBITDA was ₹15.26 Cr (14% margin). Revenue has grown at a compounded annual rate of +37% over three years and +66% over five years.
- ₹110 CrRevenue · FY 2024 · +37% YoY
- ₹7.87 CrNet profit · 7% margin
- ₹15.26 CrEBITDA · 14% margin
- ₹1.36 CrPaid-up capital
- 272Employees (provident fund records)
- +37%Revenue CAGR, 3 years
- +66%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ysecit Softwares India Private Limited are on its company page.
Detailed financial statements for YsecIT
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of YsecIT
3 dated milestones of YsecIT across 10 years, from founding to its latest funding, stage changes and deals.
- Founded YsecIT is founded.
- Funding First funding round of $2.1M.
- Milestone Reaches Minicorn status.
Competitors of YsecIT
YsecIT 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 YsecIT
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about YsecIT
YsecIT was founded in 2008 and raised its 1st funding round 10 years after it was founded.
YsecIT is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
YsecIT is a funded company, having raised a total of $2.11M across 1 funding round to date. The company's 1st funding round was a Seed of $2.11M, raised on Nov 2018.
YsecIT has 272 employees.
The primary company behind YsecIT, Ysecit Softwares India Private Limited, reported revenue of ₹110 Cr for FY 2024, up 37% year on year.
YsecIT, founded in 2008 in Bengaluru, India, focuses on providing business support, providing IT services, and suite. Provider of web software development, networking, and database services. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
YsecIT's top competitors include Happiest Minds and Datamatics.
YsecIT has 1 investor. Key investors include Allevia and Investments.
The valuation of YsecIT is $5.24M as of Nov 2018.
YsecIT operates through Ysecit Softwares India Private Limited.
The legal entities of YsecIT currently have 2 directors, including Ramgatie Awinash Steven, Sashi Bhaskar.