NeilSoft Limited

NeilSoft Limited is a leading provider of engineering services, focusing on architectural and multi-disciplinary solutions to optimize operational efficiency in various industries. Founded in 1992 in Pune, India, NeilSoft Limited delivers engineering services and software solutions to clients in the built environment. The company was co-founded by Ketan Bakshi and Rupa Shah. NeilSoft has successfully completed three funding rounds, raising a total of INR 137.

280 mn in its latest SERIES B round, with investors including Trident Capital. The company's current valuation stands at INR 1329. 659 mn. NeilSoft specializes in a comprehensive suite of engineering services and solutions, mainly targeting architectural and multi-disciplinary engineering for stakeholders in the built environment.

Key offerings encompass plant engineering services such as Pre-bid Engineering, Extended Basic Engineering Support, Detailed Engineering and Design, and Plant Documentation, tailored to enhance operational efficiency and control for industrial clients. Specialized services for transport and storage systems for bulk material handling are also provided, catering to EPC firms, engineering consultants, and OEMs. Their software engineering practice focuses on delivering custom solutions for design automation and data management vital to the AEC, Process, and Manufacturing industries, serving a diverse client base including developers, owners, contractors, and fabricators across global markets including North America, Europe, and Asia. In the most recent fiscal year, NeilSoft generated revenue of INR 36,262,244.

3 and achieved an EBITDA of INR 7,887,230. The company’s revenue model is based on project-based contracts and ongoing service agreements, engaging in direct B2B transactions that include fixed-price contracts and subscription models for software solutions. The diverse revenue streams are supported by flagship offerings such as proprietary software tools for design automation and BIM integration, addressing the needs of various sectors including food and beverages, pharmaceuticals, and general manufacturing. NeilSoft Limited aims to enhance its service offerings by developing new products designed for the evolving needs of its clients.

The company is also planning to expand into new geographic markets, targeting regions in Asia and Europe by the end of 2024. Recent funding from SERIES B will support these initiatives and bolster their product development and market entry strategies. Additionally, GVFL has realized its stake in NeilSoft Limited for an undisclosed amount, reflecting a commitment to the company's growth and strategic direction.