GirnarSoft is an India based IT company that got founded in 2007. It is one of the leading technology services providing companies having over 15 years of experience. GirnarSoft has an extensive experience in various fields such as web development, mobile apps development, enterprise mobility solutions, etc. The company focuses on providing corporate value through software development and offshore to various businesses like eCommerce, Media & Entertainment, Tours & Tourism, etc. So, let us get into this article and read the success story of this amazing IT company.
GirnarSoft – Key Points
- Startup Name – GirnarSoft
- Founding Year – 2007
- Founder – Amit Jain
- Headquarters – Jaipur, Rajasthan, India
- Company Type – Private
- Industry – IT & Services
- No. of employees – 2.5 K
- Revenue - $525 Million
- Website – www.girnarsoft.com
GirnarSoft – Founder
Amit Jain is the founder & CEO of GirnarSoft. He holds a B.tech degree from the Indian Institute of Technology, Delhi. Amit later worked with TCS for a year and Trilogy for almost 7 years.
Jain is also the co-founder & CEO of CarDekho. He founded that in 2008 and it is India’s leading auto portal catering company.
GirnarSoft – Brand Name, Logo, and Tagline
- Brand Name – The brand name of the company is very well chosen. Girnar comes from a holy name in the Jain community and Soft is the shot form of software. So the name is a mixture o both holy and the actual work of the company.
- Logo – GirnarSoft’s logo is in bright red and black colour. Red is the most catchy colour in the entire colour palette and it is an easier way to gain the attention of its customers.
- Tagline – The tagline of the company is ‘Creating Business Value Through Technolgy’.
GirnarSoft – Business Model
The company’s business model is very simple. They provide various kinds of tech and software-related services to their clients and charge a predetermined fee from them.
They provide custom based software development solutions for every specific industry. The team maintains the latest technologies, social knowledge of trends, and challenges.
GirnarSoft – Funding and Investors
GirnarSoft has successfully raised around $65 Million in funding in over 3 funding rounds, since its incorporation. Some of the funding and investors of the company are as follows:
- $15 M – Series A Round, Sequoia Capital, Nov 25, 2013
- $50 M – Series B Round, Sequoia Capital, Hillhouse Capital Group, Tybourne Capital Management, Jan 26, 2015
- Undisclosed Amount – Series C Round, Google Capital, Hillhouse Capital, Mar 20, 2016
GirnarSoft – Industries Served
GirnarSoft has served various industries. Some of them are as follows:
- Job Portal
- Tours & Tourism
- Media & Entertainment
- Health & Fitness Insurance
- Finance & Banking
- Medical Healthcare
GirnarSoft - Acquisitions & Subsidiaries
GirnarSoft has acquired a few companies so far and they might acquire some other companies in the coming future. Some of them are as follows:
- Zigwheels – Jan 7, 2013
- Valueserve Management Consultants – July 2016
GirnarSoft – Tech Stack
Some of the Tech Stack of GirnarSoft are as follows:
- Google Global Site Tag – By Google
- Freshservice – By Freshworks
- Alteryx – By Alteryx
- WordPress.org – By Automatic
- Jenkins – By Jenkins
- jQuery – By jQuery
GirnarSoft – Growth
GirnarSoft has seen substantial growth in its business since its incorporation. Some of the growth factors of the company are as follows:
- The company has completed over 450 projects to date.
- GirnarSoft has a more than 150 satisfied clients base.
- They have more than 2500 skilled professionals working for their company.
GirnarSoft – Investments Done
GirnarSoft has also invested in a few companies. Some of them are as follows:
- $20 M – InsurenaceDekho, Sep 21, 2020
- $8 M – CollegeDekho, May 0, 2019
- $2 M – CollegeDekho, Feb 04, 2018
GirnarSoft – Awards and Achievements
GirnarSoft has also been a recipient of several awards for its outstanding work in this industry. Some of the awards won by the company are as follows:
- Software Suggest – Trending, 2021
- Software Suggest – High Performer, 2022
GirnarSoft – Competitors
GirnarSoft is one of the leading players in the market but the company still has many competitors who are performing well on various levels. Some of the top competitors of GirnarSoft and their respective revenue are as follows:
- Semaphore Software - $139 Million
- NIX Solutions - $829 Million
- Rishabh Software - $105 Million
- Mobile Programming - $87 Million
- Mobiloitte - $105 Million
- NeoSOFT Technologies - $20 Million
GirnarSoft – Challenges Faced
Every company has to face various challenges throughout its journey. Running a business is not easy and facing challenges is a part of life. Some of the challenges faced by GirnarSoft are as follows:
- The pressure of being in profit – The company promised its boards to become a profitable company and hence to fulfil that promise, they had to lay off around 136 employees. It was around 5% of the company's total number of employees. It was very difficult for the company to retrench these many employees in one go.
- Pandemic – The current COVID pandemic has been harsh on everyone. Not only people but companies also got affected due to this. GirnarSoft had to face some serious challenges during the pandemic time and it was a tough time for them as well.
- Competitors – Competitors are everywhere and it is important as well. Competition improvises our fighting and survival skills. However, when in a business, people always prefer overshadowing all of its competitors in the market. GirnarSoft has many competitors in the market and many new companies are coming every year. It is not easy for the company to acquire the majority share in the market and they have to work harder to attract all the clients towards them.
GirnarSoft – Future Plans
Some of the upcoming plans of the company are as follows:
- GirnarSoft wants to expand its work in PAN India.
- They are planning to gain over 200 satisfied clients on their platform by the end of this FY.
- They also want to complete more than 500 projects by the end of this year.
- GirnarSoft is planning to increase the number of skilled professionals on their platform to 3000.
- The company is also planning to go global and provide its services to international companies.
- They want to double their revenue in the coming two or three FYs.