Company lists
The Indore edition · 2026

Enterprise applicationscompanies in Indore

ERP, enterprise software, HR software, CRM & sales, marketing tech and more: the companies building enterprise applications in Indore, Madhya Pradesh, with their founders, funding, team size and business models.

206 company profiles51 with reported revenue6 with recorded fundingSeptember 2026 edition
Indore · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent enterprise applications business events in India

Funding, M&A, contract wins and launches involving 28,056 enterprise applications companies in India, last 24 months: 155 M&A deals · 146 funding rounds · 121 launches · 110 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingFresh Funding

Magicpin

Magicpin, a hyperlocal discovery and rewards platform, has raised $20 million, or Rs 142 crore, in a fresh round of funding led by venture capital firm Lightspeed Venture Partners.

Investors Lightspeed venture partners, Lightspeed India Partners, Waterbridge ventures
Hyperlocal discovery and rewards platform
ContractSupply

John Cockerill India · client: JSW Vijayanagar Metallics

John Cockerill India, along with its wholly owned subsidiary -- John Cockerill Metal International SA (JCMI), has secured a contract from JSW Vijayanagar Metallics. The contract involves…

Metallics
M&AAcquisition · Completed

Ran Ventures acquires Zaggle

RAN Ventures purchased 1 Lakh equity shares of Zaggle from the open market on May 18, taking its stake in the company to 44.23% from 44.15%.

Fintech SaaS
M&AAcquisition · Completed

Tps acquires Optum

TPS has purchased Eden Prairie, Minnesota-based Optum, which supplies more than half of England's primary care IT systems.

Primary care IT systems
M&AAcquisition · Announced

Zaggle Prepaid Ocean Services acquires Dice

Zaggle Prepaid Ocean Services Ltd, a spend management solutions company, has said that its board has approved the transaction structure for the strategic acquisition of DICE. Zaggle has…

AI Spend Management Platform
M&AAcquisition · Announced

Upgrad acquires Internshala

UpGrad has also acquired Internshala in an all-stock deal valuing the internship and job-search platform at ₹80 crore.

Internship and Job-Search Platform
M&AAcquisition · Completed

Jsw one acquires Buildnext

JSW One Platforms Limited, the e-commerce arm of the $24 billion JSW Group, has concluded the acquisition of tech-enabled construction startup BuildNext.

Tech-enabled construction
M&AAcquisition · Announced

JSW One Platforms acquires BuildNext Construction Solutions

IPO-bound B2B marketplace JSW One Platforms has acquired Pidilite Ventures-backed proptech startup BuildNext Construction Solutions as it looks to expand its presence in India's…

Proptech
FundingMinority investment

Algo8

Chemelex has announced a minority investment in Algo8 to accelerate the adoption of artificial intelligence in manufacturing processes.

Investors Chemelex
Artificial intelligence, data analytics, and digital transformation solutions for enterprises
M&AAcquisition · Completed

String acquires Spacenet enterprises

Spacenet Enterprises India Limited has successfully completed the sale of equity shares in String Metaverse Limited through the offer for sale mechanism.

Metaverse
FundingSeries A

AARU

Aaru Raises $80M Series A for Synthetic Consumer and Political Research

FundingPre-Series A

Lawyered

Legal tech startup Lawyered has raised $2.5 million in a pre-Series A funding round co led by Rainmatter by Zerodha and Turbostart, along with participation from its existing investor…

Legal technology
M&AAcquisition · Announced

Gyde acquires Benavest

Gyde, an AI-native brokerage platform, announced Thursday it has acquired Benavest

Health Insurance Agency
ContractService

Amagi · client: Accuweather

Amagi has completed a major broadcast modernisation project for AccuWeather, moving the weather service from traditional broadcast infrastructure to a cloud-based system covering both…

Broadcast technology
FundingSeed

Intellithink

Intellithink Advanced Hardware & Technology Internet Of Things (IoT) & Hardware B2B $1.8 Mn Seed Pentathlon Ventures, Anicut Capital, Veltis Capital Pentathlon Ventures

Advanced Hardware & Technology
ContractService

Novus loyalty · client: Central bank of india

Novus Loyalty has executed a Service Level Agreement (SLA) with Central Bank of India for providing Loyalty Rewards Program for various Digital Channels including Debit Card, UPI,…

Financial Services
M&AAcquisition · Announced

Moschip technologies limited acquires Vayavya labs

MosChip Technologies Limited has approved the acquisition of a 73% stake in Vayavya Labs Private Limited (VLPL) for a total consideration of ₹245.49 crore, the company said in an…

Semiconductor, automotive communication, consumer electronics
M&AAcquisition · Announced

Endurance technologies acquires Adler

The acquisitions of Adler and Grimeca strengthen Endurance Technologies’ brakes and transmission businesses.

LaunchTAL Brabo

TAL Manufacturing Solutions

TAL Manufacturing Solutions, a subsidiary of Tata Motors, today launched its TAL Brabo robot in two variants, with payloads of 2 kilos and 10 kilos, priced between Rs 5-7 lakh.

Industrial-articulated robot
M&AAcquisition · Completed

Integra acquires Telefónica's Peruvian unit

Last year, Telefónica sold its Peruvian unit for less than $1m to Integra TecInternational Inc (Integra Tec).

LaunchAdFlow Orchestrator

Amagi

Amagi has announced the launch of AdFlow Orchestrator, an intelligent advertising and stream event management system designed to address monetization challenges in the growing Free…

Intelligent advertising and stream event management system
ContractService

Zaggle Prepaid Ocean Services · client: Generali Central Insurance Company

Generali Central Insurance Company will now have access to the Zaggle Zoyer platform, thanks to an arrangement announced by Zaggle Prepaid Ocean Services.

Spend management
M&AAcquisition · Announced

Exotel acquires Dubverse

Exotel has acquired the core team of voice AI startup Dubverse

Telecommunications
ContractService

Innefu Labs · client: Ministry of Electronics and IT (MeitY), Government of India

The primary objective of the exercise was price discovery, with Innefu Labs emerging as the lowest bidder (L1) for providing on-demand AI manpower at approximately Rs 40 lakh per month…

Technology
M&AAcquisition · Completed

Thermax acquires Exactspace

Thermax confirmed completion of its acquisition of a 35.83 percent stake in Exactspace Technologies Private Limited, taking its overall shareholding to 51 percent on a fully diluted basis.

M&AAcquisition · Completed

Gyde acquires Avid Health

Gyde, the next-generation, AI-native brokerage platform, announced it has acquired Avid Health, the top-rated Medicare agency in Palm Beach, FL.

Medicare Agency
LaunchAutonomous Customer Operations Platform

Talisma

Talisma has launched its latest platform, the Autonomous Customer Operations Platform, to ease AI adoption in financial services and education sectors.

ContractTechnology

Dubverse · client: Exotel

Exotel has acqui-hired the core team of voice AI startup Dubverse, including co-founders Anuja Dhawan and Varshul Gupta, to focus on conversational intelligence.

Voice AI
LaunchRocket 1.0

Rocket

Indian startup Rocket has unveiled its AI platform designed to deliver McKinsey-grade consulting reports and product strategies at a fraction of the cost of traditional firms.

AI consulting platform
FundingPre-Series

Tartan

Fintech startup Tartan raised $4.5 milion in Pre-Series from 500 Global, InfoEdge Ventures, Naval Ravikant-backed AngelList Quant Fund, WorldQuant Ventures, Varanium GenNext Fund,…

Investors 500 global, InfoEdge Ventures, Naval Ravikant-backed AngelList Quant Fund, WorldQuant Ventures
Fintech

Enterprise applications companies in Indore, by revenue

Browse enterprise applications companies in Indore by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 51 enterprise applications companies in Indore, Madhya Pradesh that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Cloud-based CPaaS platform for enterprises

Customer success management
₹61.41 crFY 2024-25
+7%2024–2025
36+10% 12 mo to Jul 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Mar 2026

Provider of educational enterprise resource planning software and related solutions

Higher education tech
₹42.82 crFY 2024-25
+32%2024–2025
290+36% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
2postings · last posted Sep 2026

Provider of integrated SaaS solutions for loyalty and supply chain management. This includes point-of-sale systems, distributor management systems, loyalty program management, sales force automation, lead management, and after-sales service management. The platform offers a unified ecosystem designed to streamline business operations, improve workforce efficiency, and enhance customer engagement. It aims to foster rapid business growth through intelligent automation and next-generation technology, providing a single solution for diverse stakeholder needs. The company also offers implementation

Sme business management software
₹12.71 crFY 2024-25
+54%2024–2025
10-9% 12 mo to Jul 2024recorded Jul 2024
10 yr2016
0none in 3 months

Provider of AI-driven platform connecting businesses with pre-vetted technical talent

Hrtech
₹12.05 crFY 2024-25
+143%2024–2025
90+39% 12 mo to Feb 2024LinkedIn · Jul 2026
4 yr2022
29postings · last posted Sep 2026

Cloud-based site inspection software for the construction projects

Construction tech
₹8.10 crFY 2021-22
Not reported
49+2% 12 mo to Sep 2024recorded Sep 2024
7 yr2019
0none in 3 months

Cloud-based HRMS solution for SMBs

Hrtech
₹8.57 crFY 2024-25
+306%2024–2025
30+643% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted May 2026

Financial market research and advisory services

Data as a service
₹6.43 crFY 2023-24
Not reported
588+13% 12 mo to Jun 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months · last posted Jun 2026

Cloud based platform offering software for SMS marketing

Marketingtech
₹5.74 crFY 2024-25
+0%2024–2025
45LinkedIn · Jul 2026
17 yr2009
0none in 3 months · last posted Jun 2026

Developer of AI-powered web inspection systems for textiles and other materials

Packaging tech
₹4.68 crFY 2024-25
+135%2024–2025
40LinkedIn · Jul 2026
8 yr2018
7postings · last posted Aug 2026

Cloud-based ERP solution

Enterprise resource planning
₹4.24 crFY 2024-25
-35%2024–2025
66-8% vs previous recordLinkedIn · Jul 2026
17 yr2009
0none in 3 months

Platform offering data collection and visualization solutions

Grc software
₹4.17 crFY 2024-25
-30%2024–2025
21-67% 12 mo to May 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months · last posted Apr 2021

Platform for accessing public tenders and business intelligence data

Data as a service
₹3.45 crFY 2021-22
Not reported
1LinkedIn · Jul 2026
24 yr2002
0none in 3 months

A research lab using data, tech, design, and social science to enhance civic engagements

Services for government
₹3.90 crFY 2024-25
-32%2024–2025
38-44% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
6postings · last posted Sep 2026

Biometric Attendance with HR Management services provider

Hrtech
₹2.92 crFY 2024-25
+9%2024–2025
—Not available
7 yr2019
0none in 3 months

ERP software for multiple sectors

Enterprise resource planning
₹2.50 crFY 2024-25
+41%2024–2025
37LinkedIn · Jul 2026
24 yr2002
0none in 3 months · last posted Oct 2025

Platform offering organizing and hosting solutions for virtual events

Events tech
₹2.45 crFY 2024-25
+59%2024–2025
19LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Cloud based collaboration tool for field service management

Field force automation
₹2.36 crFY 2024-25
+30%2024–2025
35LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Platform providing customer experience and support tools

Marketingtech
₹2.32 crFY 2024-25
+28%2024–2025
10LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Email marketing solution

Marketingtech
₹2.23 crFY 2024-25
+53%2024–2025
6LinkedIn · Jul 2026
16 yr2010
0none in 3 months

ERP software for various industries

Enterprise resource planning
₹2.23 crFY 2024-25
-38%2024–2025
79LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Web-based ERP solution for small and medium businesses

Enterprise resource planning
₹2.06 crFY 2024-25
+23%2024–2025
43LinkedIn · Jul 2026
14 yr2012
0none in 3 months · last posted Jun 2026

Freelancer Marketplace for IT projects

Hrtech
₹1.83 crFY 2024-25
-9%2024–2025
15LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Gen-AI contact centre for enterprises

Customer service software
₹1.40 crFY 2024-25
+3632%2024–2025
24LinkedIn · Jul 2026
3 yr2023
0none in 3 months

Online portal for applying to internships

Hrtech
₹94.75 lakhFY 2024-25
+103%2024–2025
85LinkedIn · Jul 2026
5 yr2021
1postings · last posted Jul 2026

Provider of robots for material management

Manufacturing tech
₹70.10 lakhFY 2024-25
-71%2024–2025
—Not available
4 yr2022
0none in 3 months
50 of 206 companies shown here · the full list is on Radar
Fliar Radar

Explore all 206 enterprise applications companies in Indore on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open enterprise applications in Indore on Radar
  • Every company, not just 50All 206 enterprise applications companies in Indore, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore enterprise applications companies in Indore by what you are looking for

Find enterprise software companies in Indore, from ERP vendors to CRM and HRMS providers. See enterprise application startups in Indore and which of them are hiring.

9 ways to explore enterprise applications in Indore

ERP & business management software companiesEnterprise software & custom application development companiesHR software & HRMS companiesCRM, sales & customer service software companiesMarketing, SMS & communication software companiesSchool software & enterprise collaboration tools

ERP & business management software companies

Companies building ERP and business management software for schools, factories and small businesses.

  1. Robro Systems

    Developer of AI-powered web inspection systems for textiles and other materials

    Packaging tech
    See in list
  2. GoERPbaby

    Cloud-based ERP solution

    Enterprise resource planning
    See in list
  3. Emperor Solutions

    ERP software for multiple sectors

    Enterprise resource planning
    See in list
  4. Techlene

    ERP software for various industries

    Enterprise resource planning
    See in list
  5. Process Master

    Web-based ERP solution for small and medium businesses

    Enterprise resource planning
    See in list

Enterprise software & custom application development companies

Software firms that build custom enterprise applications and SaaS products.

  1. SourceBae

    Provider of AI-driven platform connecting businesses with pre-vetted technical talent

    Hrtech
    See in list
  2. MQSYS Technologies

    MQSYS Technologies has adopted an approach wherein able to integrate every module of the business and provide a single point Solutions.

    Enterprise software
    Website
  3. linkites infotech pvt ltd

    Linkites Infotech, an offshore software development company, offers IT outsourcing services, Node.js development, and mobile applications.

    Saas
    Website
  4. Maxsource Technologies

    Maxsource Technologies is an information technology firm that provides web development, application development, and digital marketing.

    E-commerce enablers
    Website
  5. batchmaster india

    BatchMaster Software is one of the market leaders in offering enterprise software solutions for the process manufacturing industries.

    Enterprise resource planning
    Website

HR software & HRMS companies

HRMS, attendance and recruitment platforms for employers.

  1. FabHR

    Cloud-based HRMS solution for SMBs

    Hrtech
    See in list
  2. Leysha

    Biometric Attendance with HR Management services provider

    Hrtech
    See in list
  3. Geeks Per Hour

    Freelancer Marketplace for IT projects

    Hrtech
    See in list
  4. YouVah

    Online portal for applying to internships

    Hrtech
    See in list
  5. TrueFirms

    B2B marketplace that connects businesses to service providers for IT staffing

    Hrtech
    See in list

CRM, sales & customer service software companies

CRM, contact centre and customer support tools for growing businesses.

  1. MSG91

    Cloud-based CPaaS platform for enterprises

    Customer success management
    See in list
  2. Nextel

    Platform providing customer experience and support tools

    Marketingtech
    See in list
  3. Voiceowl

    Gen-AI contact centre for enterprises

    Customer service software
    See in list
  4. Bingage

    Customer loyalty, CRM, and e-commerce marketing software

    Food tech
    See in list
  5. Textify

    Provider of AI-powered writing assistant

    Customer service software
    See in list

Marketing, SMS & communication software companies

Bulk SMS, email and messaging platforms for marketing teams.

  1. SMSGATEWAYHUB

    Cloud based platform offering software for SMS marketing

    Marketingtech
    See in list
  2. Alphasandesh

    Email marketing solution

    Marketingtech
    See in list
  3. 171mails

    Cloud-based e-mail marketing solutions provider

    Marketingtech
    See in list
  4. Maxsource Technologies

    Maxsource Technologies is an information technology firm that provides web development, application development, and digital marketing.

    E-commerce enablers
    Website
  5. MsgClub

    Cloud based SMS marketing platform

    Sales force automation
    Website

School software & enterprise collaboration tools

School and college management systems plus collaboration and document tools for teams.

  1. Serosoft Solutions

    Provider of educational enterprise resource planning software and related solutions

    Higher education tech
    See in list
  2. Agilean

    Web based project management software

    Enterprise collaboration
    See in list
  3. Academia ERP

    Cloud based ERP solution designed to streamline and automate the management of educational institutions, including schools, colleges, and universities

    Higher education tech
    Website
  4. BM Connect

    Cloud-based video conferencing management solution provider

    Enterprise video
    Website
  5. Black Board India

    Educational management ERP software solution

    K-12 edtech
    Website

AI, analytics & cybersecurity companies

Companies applying AI, data analytics and security to business problems.

  1. Robro Systems

    Developer of AI-powered web inspection systems for textiles and other materials

    Packaging tech
    See in list
  2. Anaxee Technologies

    Platform offering data collection and visualization solutions

    Grc software
    See in list
  3. Voiceowl

    Gen-AI contact centre for enterprises

    Customer service software
    See in list
  4. Smarg Technologies

    Provider of AI-based solutions for facility and traffic management

    Smart cities
    See in list
  5. Bitvivid Solutions

    Provider of AI-based video, sound, and data analytic solutions for smart cities

    Big data analytics
    See in list

Enterprise applications startups in Indore

Newer enterprise software companies founded in the last few years.

  1. SourceBae

    Provider of AI-driven platform connecting businesses with pre-vetted technical talent

    Hrtech
    See in list
  2. Voiceowl

    Gen-AI contact centre for enterprises

    Customer service software
    See in list
  3. YouVah

    Online portal for applying to internships

    Hrtech
    See in list
  4. Airi-Sense

    Provider of robots for material management

    Manufacturing tech
    See in list
  5. Sangti

    Carbon management platform that assists in managing carbon emissions

    Grc software
    See in list
58 companies in Indore

Enterprise applications companies hiring in Indore

Enterprise software companies in Indore with open roles.

  1. MSG91

    Cloud-based CPaaS platform for enterprises

    Customer success management
    See in list
  2. Serosoft Solutions

    Provider of educational enterprise resource planning software and related solutions

    Higher education tech
    See in list
  3. SourceBae

    Provider of AI-driven platform connecting businesses with pre-vetted technical talent

    Hrtech
    See in list
  4. FabHR

    Cloud-based HRMS solution for SMBs

    Hrtech
    See in list
  5. CapitalVia

    Financial market research and advisory services

    Data as a service
    See in list
24 companies in Indore
Mobile reach

Top 10 enterprise applications apps from Indore

The most-installed Android apps published by enterprise applications companies headquartered in Indore — 898K installs between them. 28 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Remark – Jobs & Hiring App

by Remark

Installs494K
Rating—
Installs, year on year+115%
Last updatedMay 2026
View on Google Play ↗
Remark – Jobs & Hiring App screenshot 1Remark – Jobs & Hiring App screenshot 2Remark – Jobs & Hiring App screenshot 3Remark – Jobs & Hiring App screenshot 4Remark – Jobs & Hiring App screenshot 5Remark – Jobs & Hiring App screenshot 6
5

TapOnn - Digital Business Card

by TapOnn

Installs55K
Rating—
Last updatedJan 2026
View on Google Play ↗
TapOnn - Digital Business Card screenshot 1TapOnn - Digital Business Card screenshot 2TapOnn - Digital Business Card screenshot 3TapOnn - Digital Business Card screenshot 4TapOnn - Digital Business Card screenshot 5TapOnn - Digital Business Card screenshot 6
7

Legal251- Legal Service & more

by Legal251

Installs26K
Rating—
Last updatedFeb 2025
View on Google Play ↗
Legal251- Legal Service & more screenshot 1Legal251- Legal Service & more screenshot 2Legal251- Legal Service & more screenshot 3Legal251- Legal Service & more screenshot 4Legal251- Legal Service & more screenshot 5Legal251- Legal Service & more screenshot 6
8

Fayda - Cashback & Earnings

by Fayda

Installs21K
Rating—
Last updatedDec 2024
View on Google Play ↗
Fayda - Cashback & Earnings screenshot 1Fayda - Cashback & Earnings screenshot 2Fayda - Cashback & Earnings screenshot 3Fayda - Cashback & Earnings screenshot 4Fayda - Cashback & Earnings screenshot 5Fayda - Cashback & Earnings screenshot 6
10

Nextel Tracker

by Nextel

Installs8K
Rating—
Last updatedOct 2025
View on Google Play ↗
Nextel Tracker screenshot 1Nextel Tracker screenshot 2Nextel Tracker screenshot 3Nextel Tracker screenshot 4Nextel Tracker screenshot 5Nextel Tracker screenshot 6
The business behind the activity

Enterprise applications financials in Indore

Revenue, profit and growth from the filed annual accounts of 41 enterprise applications companies in Indore, Madhya Pradesh for FY24-25 — 54 of the 206 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 74% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹185.79 cr

41 companies filing accounts

combined net profit₹3.51 cr

1.9% aggregate margin

are profitable51%

21 of 41 companies

median revenue~₹74 lakh

the typical company

median revenue growth+0%

into FY24-25

earned by the top five74%

revenue concentration

Six-year view

Combined revenue of filing companies

₹123.55 crFY19-2030 filers
₹128.32 crFY20-2134 filers
₹170.61 crFY21-2236 filers
₹146.25 crFY22-2340 filers
₹160.83 crFY23-2444 filers
₹185.79 crFY24-2541 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 33 companies over three years

+28%
FY22-23₹135.84 cr−₹3.02 cr net
FY23-24₹149.39 cr−₹5.29 cr net
FY24-25₹173.98 cr₹4.39 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr2232% profitable
₹1–10 cr1567% profitable
₹10–100 cr4100% profitable
₹100–1,000 cr0—
Over ₹1,000 cr0—

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking19
0–20%4
20–50%8
50–100%4
Doubled+4

39 companies with accounts for both years; median growth +0%.

Profitability

Profit is concentrated at the top

21profitable
20loss-making
1.9%aggregate margin
0.1%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
SourceBaeSHETHINK PRIVATE LIMITED+143%₹12.05 cr
IMASTImast Operations Private Limited+54%₹12.71 cr
Serosoft SolutionsSEROSOFT SOLUTIONS PRIVATE LIMITED+32%₹42.82 cr
MSG91WALKOVER WEB SOLUTIONS PRIVATE LIMITED+7%₹61.41 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Serosoft SolutionsSEROSOFT SOLUTIONS PRIVATE LIMITED14.0%₹42.82 cr
SourceBaeSHETHINK PRIVATE LIMITED4.7%₹12.05 cr
MSG91WALKOVER WEB SOLUTIONS PRIVATE LIMITED3.4%₹61.41 cr
IMASTImast Operations Private Limited0.3%₹12.71 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Hrtech10₹26.64 cr~₹61 lakh30%-5.6%
Enterprise resource planning6₹11.26 cr~₹2.1 cr50%-8.2%
Leaders

Largest enterprise applications companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
MSG91WALKOVER WEB SOLUTIONS PRIVATE LIMITED₹61.41 cr₹2.07 cr3.4%+7%
Serosoft SolutionsSEROSOFT SOLUTIONS PRIVATE LIMITED₹42.82 cr₹6.00 cr14.0%+32%
IMASTImast Operations Private Limited₹12.71 cr₹4.04 lakh0.3%+54%
SourceBaeSHETHINK PRIVATE LIMITED₹12.05 cr₹56.26 lakh4.7%+143%
FabHRFAB HR SOLUTION PRIVATE LIMITED₹8.57 cr₹2.90 lakh0.3%—
SMSGATEWAYHUBSMSGATEWAYHUB TECHNOLOGIES PRIVATE LIMITED₹5.74 cr₹12.52 lakh2.2%+0%
Robro SystemsROBRO SYSTEMS PRIVATE LIMITED₹4.68 cr₹47.01 lakh10.1%+135%
GoERPbabyGWB IT SOLUTIONS PRIVATE LIMITED₹4.24 cr−₹23.03 lakh-5.4%-35%
Anaxee TechnologiesANAXEE DIGITAL RUNNERS PRIVATE LIMITED₹4.17 cr−₹60.29 lakh-14.4%-30%
CivicDataLabCIVICDATALAB PRIVATE LIMITED₹3.90 cr₹23.17 lakh5.9%-32%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Enterprise applications funding and M&A across India

4,644 recorded equity rounds have gone to 28,056 enterprise applications companies in India — how much, at which stage, into which sub-sectors, from whom, and how Indore compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months98

US$526.95m

equity rounds, last 24 months320

US$1.37bn

raised over five yearsUS$7.57bn

1,944 rounds in India

M&A deals, India155

last 24 months

Capital by year

Equity funding into enterprise applications in India

amount rounds
$460m2018354
$844m2019370
$758m2020383
$2.7bn2021492
$2.1bn2022543
$900m2023346
$814m2024302
$660m2025203
$421m202658

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$2.70bn across 492 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$74.14m297 rounds · median US$76k
SeedUS$890.69m1,235 rounds · median US$400k
Series AUS$1.52bn250 rounds · median US$4.00m
Series BUS$1.38bn82 rounds · median US$14.15m
Series CUS$927.16m30 rounds · median US$24.47m
Series D+US$2.78bn50 rounds · median US$40.00m
Where the money went · five years

Most-funded sub-sectors

HrtechUS$1.14bn347 rounds · 191 companies
B2b e-commerceUS$1.03bn26 rounds · 10 companies
PaymentsUS$546.73m9 rounds · 5 companies
MarketingtechUS$392.63m134 rounds · 83 companies
Tech for traditional advertisingUS$374.24m19 rounds · 8 companies
Alternative lendingUS$354.09m17 rounds · 7 companies
Manufacturing techUS$285.53m113 rounds · 52 companies
Corporate activity · last 24 months

M&A in India

145Acquisition
8Merger
1Buyout

Most active acquirers

  1. Zaggle Prepaid Ocean Services23
  2. Veefin solutions10
  3. Rocket6
  4. Info edge4
  5. Digispice technologies4

Most acquired or merged

  1. Mobileware technologies3
  2. Dice2
  3. Internshala2
  4. Telefónica's Peruvian unit2
  5. Exactspace2

Each deal appears in the events strip at the top of the page.

Enterprise applications funding in Indore

6 enterprise applications companies in Indore have recorded equity funding, US$4.86m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Indore

Meet the people behind enterprise applications companies in Indore. 89 of 206 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Indore enterprise applications companies by sub-sector

The most common specialisations among enterprise applications companies in Indore. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring enterprise applications in India and nearby markets.

Coming soon