Kaar Technologies India Private Limited
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Kaar Technologies India Private Limited - overview
Established
2005
Location
Chennai, Tamil Nadu, India
Primary Industry
Software
About
KaarTech, based in Chennai, India, delivers advanced technology solutions for enhancing business efficiency through innovative software applications. Kaar Technologies India Private Limited specializes in providing technology solutions that enhance operational effectiveness for businesses. Founded in 2005 in Chennai, India, the company has completed a total of 4 deals, with the most recent funding round being Series A, raising INR 2. 14 billion on June 26, 2023, led by A91 Partners.
The firm was co-founded by Frans Damen, Gaurdian George, and Selva Kumaran, with Maran Nagarajan serving as CEO. The company has maintained a consistent growth trajectory since inception, focusing on software applications that improve business processes. Kaar Technologies offers software applications that enhance workflow management, data analytics, and customer relationship management (CRM). These solutions are designed to streamline operations for clients in various sectors, including retail, healthcare, and finance, by automating processes and facilitating data-driven decision-making.
The company primarily markets its products in North America and Europe, addressing diverse client needs with tailored technology solutions. In the most recent financial year 2023, Kaar Technologies reported a revenue of INR 44,696,812. 1 and an EBITDA of INR 5,331,234. 7.
The company's revenue generation model is based on subscription services and partnerships, allowing for a steady cash flow through long-term client contracts. This structured approach caters to businesses of all sizes, facilitating access to their technology while fostering long-term relationships. In March 2026, KaarTech raised INR 1000 billion in venture funding from new investor Playbook Partners. The company plans to use the March 2026 funding to support its capital expenditure, business expansion, and general working capital requirements.
Current Investors
BlackSoil, A91 Partners, Playbook Partners
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Application Integration Software, Customer Relationship Management
Website
www.kaartech.com/
Verticals
Big Data, Cloud Computing
Company Stage
Series B
Total Amount Raised
Subscriber access only
Kaar Technologies India Private Limited - timeline of key events
Kaar Technologies India Private Limited - financials
| Fiscal Year Ended | Mar 31, 2012 | Mar 31, 2013 | 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) | 414,200,000 | 716,700,000 | 930,181,314 | 1,144,916,496 | 1,283,352,855 | 1,313,021,198 | 1,274,195,000 | 1,235,822,000 | 1,498,217,000 | 1,668,105,000 | - | - | - |
| % Revenue Growth (YoY) | - | 73.0% | 29.8% | 23.1% | 12.1% | 2.3% | (3.0%) | (3.0%) | 21.2% | 11.3% | - | - | - |
| EBITDA (USD) | - | - | 182,916,100 | 223,295,303 | 154,487,782 | 152,723,948 | 209,980,000 | 193,744,000 | 255,401,000 | 305,832,000 | - | - | - |
| Operating Income (USD) | - | - | 170,349,702 | 201,830,002 | 126,354,212 | 132,756,727 | 187,022,000 | 169,665,000 | 219,139,000 | 256,672,000 | - | - | - |
| Operating Margin | - | - | 18.3% | 17.6% | 9.8% | 10.1% | 14.7% | 13.7% | 14.6% | 15.4% | - | - | - |
| % EBITDA Margin | - | - | 19.7% | 19.5% | 12.0% | 11.6% | 16.5% | 15.7% | 17.0% | 18.3% | - | - | - |
| NET Income (USD) | 41,933,000 | 55,201,274 | 90,019,103 | 114,015,614 | 71,942,631 | 77,069,211 | 100,148,000 | 123,816,000 | 121,276,000 | 157,697,000 | - | - | - |
| % Net Margin | 10.1% | 7.7% | 9.7% | 10.0% | 5.6% | 5.9% | 7.9% | 10.0% | 8.1% | 9.5% | - | - | - |
Kaar Technologies India Private Limited - employee data
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