Suyati Technologies Pvt Ltd
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Suyati Technologies Pvt Ltd - overview
Established
2009
Location
Kochi, -, India
Primary Industry
Business Support Services
About
Founded in 2009 and based in Kochi, India, Suyati Technologies Pvt Ltd operates as a provider of technology services, solutions, and consulting services for various businesses. In January 2024, Milestone Technologies Inc. , a portfolio company of H. I.
G. Capital, The Halifax Group, and VBD Capital Management, acquired Suyati Technologies Pvt Ltd. As of January 2024, the company is being led by its CEO, Raj Srinivasan, and operates from Bangalore, and Kochi in India, and Canada and the US. The firm’s customers include Gilling, Interface, Momentive, Harvard Law School, Terlato, Earthport, and other companies working in the banking, retail, healthcare, insurance, and educational sectors.
Suyati provides services such as custom development, offering expertise in digitally transforming business processes, upgrading applications, and integrating systems across various industries. The firm also specializes in CMS, CRM, e-commerce, Salesforce development, robotic process automation, clouds, analytics, and marketing automation.
Current Investors
Milestone Technologies Inc.
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Offshore IT Services/IT Outsourcing, Analytics & Performance Software, Application Integration Software
Website
www.suyati.com/
Verticals
Artificial Intelligence
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Suyati Technologies Pvt Ltd - financials
| Fiscal Year Ended | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 346,510,963 | 391,336,040 | 315,617,494 | - | - | - |
| % Revenue Growth (YoY) | - | 12.9% | (19.3%) | - | - | - |
| EBITDA (USD) | 64,764,709 | 60,116,531 | 16,904,075 | - | - | - |
| Operating Income (USD) | 58,582,048 | 53,792,068 | 10,017,629 | - | - | - |
| Operating Margin | 16.9% | 13.7% | 3.2% | - | - | - |
| % EBITDA Margin | 18.7% | 15.4% | 5.4% | - | - | - |
| NET Income (USD) | 44,741,278 | 44,611,675 | 11,842,226 | - | - | - |
| % Net Margin | 12.9% | 11.4% | 3.8% | - | - | - |
Suyati Technologies Pvt Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Suyati Technologies Pvt Ltd | - |
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