Vortex Engineering Pvt. Ltd.
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Vortex Engineering Pvt. Ltd. - overview
Established
2001
Location
Chennai, -, India
Primary Industry
Industrial Machinery
About
Established in 2001 by L. Kannan, and based in Chennai, India, Vortex Engineering is a provider of automated teller machines (ATMs) and multi-vendor ATM management software. In June 2024, Vakrangee Limited acquired a minority stake in Vortex Engineering from Tata Capital Private Equity for INR 70. 3 million.
Some of the firm’s customers include PNB, Siddhartha Bank, India1, Salaam Bank, CSB Bank, etc. The firm’s product line includes the Ecoteller series of energy-efficient ATMs and the Perfo software, which offers multi-vendor ATM monitoring and incident management. The company provides sustainable ATMs with advanced features such as Linux-based systems and solar power options. Perfo enables real-time monitoring, performance management, and data analytics for ATMs across different vendors.
Current Investors
Ventureast, Aavishkaar Capital, Tata Capital
Primary Industry
Industrial Machinery
Sub Industries
Business Support Services, Industrial Machinery, Electronics, Analytics & Performance Software, Monitoring & Security Software
Website
www.vortexindia.co.in
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Vortex Engineering Pvt. Ltd. - timeline of key events
Vortex Engineering Pvt. Ltd. - 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) | - | - | 184,814,843 | 182,956,300 | 250,504,441 | 266,370,853 | 296,271,666 | 466,977,951 | 544,514,148 | 363,888,263 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | (1.0%) | 36.9% | 6.3% | 11.2% | 57.6% | 16.6% | (33.2%) | - | - | - |
| EBITDA (USD) | (88,715,364) | (99,464,711) | (120,847,604) | (109,795,169) | (88,155,256) | (85,036,284) | (50,315,702) | 1,116,595 | (23,343,237) | (25,148,313) | - | - | - |
| Operating Income (USD) | (91,031,137) | (102,909,462) | (128,171,316) | (123,755,442) | (99,251,274) | (96,189,712) | (58,350,089) | (6,088,108) | (30,615,422) | (33,636,116) | - | - | - |
| Operating Margin | - | - | (69.4%) | (67.6%) | (39.6%) | (36.1%) | (19.7%) | (1.3%) | (5.6%) | (9.2%) | - | - | - |
| % EBITDA Margin | - | - | (65.4%) | (60.0%) | (35.2%) | (31.9%) | (17.0%) | 0.2% | (4.3%) | (6.9%) | - | - | - |
| NET Income (USD) | (91,031,137) | (102,909,462) | (108,916,676) | (121,355,406) | (96,004,033) | (101,366,129) | (49,440,548) | 2,335,252 | (25,560,416) | (32,305,317) | - | - | - |
| % Net Margin | - | - | (58.9%) | (66.3%) | (38.3%) | (38.1%) | (16.7%) | 0.5% | (4.7%) | (8.9%) | - | - | - |
Vortex Engineering Pvt. Ltd. - employee data
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