BrightSword IT Services Pvt Ltd
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BrightSword IT Services Pvt Ltd - overview
Established
2000
Location
Bangalore, Karnataka, India
Primary Industry
Outsourcing
About
Based in Banglore, India and founded in 2000, BrightSword IT Services Pvt Ltd operates as an outsourcing company that provides a range of IT consulting and custom software development services, catering to various clients, including SMEs and Fortune 500 companies. In March 2023, Edujournal raised USD 543,000 in seed funding from a BrightSword IT Services Pvt Ltd. BrightSword Technologies provides various IT services, including healthcare IT, application development, outsourcing, and IT consulting. The company work across multiple industries, such as healthcare, insurance, retail, education, finance, and telecom, using technologies like Microsoft, Java, and mobile applications.
The company focuses on cloud adoption strategies, application modernization, and artificial intelligence, offering services related to cloud migration, architecture, and machine learning. The firm’s approach prioritizes customer needs, emphasizing automation, software development, and dedicated support while ensuring strong data security and quality standards. The company plans to expand its operations into Europe and North America by 2025, utilizing its recent funding to bolster R&D and market entry efforts.
Primary Industry
Outsourcing
Sub Industries
Offshore IT Services/IT Outsourcing
Website
www.brightsword.com/
Total Amount Raised
Subscriber access only
BrightSword IT Services Pvt Ltd - financials
| Fiscal Year Ended | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,039,734 | 6,498,464 | 7,913,558 | 13,862,153 | 14,079,072 | 16,242,117 | 19,503,411 | 14,847,586 | - | - | - |
| % Revenue Growth (YoY) | - | 525.0% | 21.8% | 75.2% | 1.6% | 15.4% | 20.1% | (23.9%) | - | - | - |
| EBITDA (USD) | (3,555,210) | (3,739,190) | (4,009,467) | 235,666 | (214,637) | (627,587) | (1,496,583) | 428,482 | - | - | - |
| Operating Income (USD) | (3,700,110) | (3,928,699) | (4,223,401) | 81,093 | (308,714) | (688,275) | (1,569,716) | 342,932 | - | - | - |
| Operating Margin | (355.9%) | (60.5%) | (53.4%) | 0.6% | (2.2%) | (4.2%) | (8.0%) | 2.3% | - | - | - |
| % EBITDA Margin | (341.9%) | (57.5%) | (50.7%) | 1.7% | (1.5%) | (3.9%) | (7.7%) | 2.9% | - | - | - |
| NET Income (USD) | (3,690,917) | (3,948,120) | (4,216,303) | 96,705 | (312,379) | (687,427) | (1,239,121) | 159,150 | - | - | - |
| % Net Margin | (355.0%) | (60.8%) | (53.3%) | 0.7% | (2.2%) | (4.2%) | (6.4%) | 1.1% | - | - | - |
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