GISFY PRIVATE LIMITED, a startup from India, has an interesting foundation story. Here’s a look at how it all began.
GISFY PRIVATE LIMITED was incorporated on 15 November 2016 in Secundrabad, Telangana, India. The company was founded with a clear vision to make a mark in the Information Technology sector. From the early days, the founders focused on building a robust foundation that would support their future growth.
The vision of GISFY PRIVATE LIMITED was to provide innovative IT solutions that could connect producers, industries, individual buyers, and other stakeholders. This vision was driven by the need to bridge the gap between different entities in the business ecosystem through technology.
In the early days, the company faced several challenges, but the determination of its founders kept it moving forward. They worked tirelessly to develop a strong team and build a solid infrastructure that would support their ambitious plans.
The founding team of GISFY PRIVATE LIMITED consists of two key members: Azghar Hussain Mohammed and Reshma Parveen Shaik. Both directors have been instrumental in shaping the company since its inception.
Azghar Hussain Mohammed and Reshma Parveen Shaik bring a wealth of experience to the table. They have been on the board for over 7 years, guiding the company through its various phases of growth. Azghar has other directorships as well, indicating his diverse expertise and network in the industry.
The founders' background in IT and their passion for innovation have been crucial in driving the company's success. Their leadership has helped in building a strong and dedicated team that shares their vision.
Since its inception, GISFY PRIVATE LIMITED has undergone significant evolution. Here’s a look at how the company has grown and expanded its operations.
Initially, GISFY PRIVATE LIMITED started with a basic concept of providing IT solutions. Over time, the company has expanded its services to include a wide range of offerings.
The company began by offering basic IT services such as data entry and data processing. However, as it grew, it diversified into more complex areas like web development, database management, and networking & automation solutions.
Today, GISFY PRIVATE LIMITED is a full-fledged IT service provider with a strong presence in the market. It has developed a GIS-based web portal and mobile application to connect various stakeholders, which is a significant milestone in its evolution.
GISFY PRIVATE LIMITED has achieved several key milestones in its journey.
One of the significant milestones was the increase in revenue by 55.42% in the financial year 2023. Although the company saw a decrease in profit, its net worth increased by 11.43%, indicating a strong financial foundation.
The company has also seen an increase in its EBITDA by 35.88% over the previous year, which is a positive sign of its financial health. These milestones reflect the company's growth and stability in the market.
GISFY PRIVATE LIMITED has expanded its product and service portfolio significantly over the years.
The company now offers a wide range of services including IT solutions, web development, database management, and networking & automation solutions. It also provides data entry and data processing services, which are crucial for many businesses.
The GIS-based web portal and mobile application are key additions to the company’s product portfolio. These platforms help in connecting producers, industries, and individual buyers, facilitating business development and knowledge management.
GISFY PRIVATE LIMITED’s technology infrastructure is robust and well-structured, supporting its various operations.
The core platform architecture of GISFY PRIVATE LIMITED is designed to be efficient and scalable.
The company uses advanced technologies such as AI, ML, and IoT to support its operations. The GIS-based web portal and mobile application are built on a robust architecture that ensures seamless interaction between different stakeholders.
The platform is designed to handle large volumes of data and provide real-time updates, making it highly efficient for business operations.
GISFY PRIVATE LIMITED places a strong emphasis on security and compliance.
The company has a stringent security framework in place to protect its data and systems. It complies with all relevant regulations and standards to ensure the security and integrity of its operations.
The security measures include robust firewalls, encryption technologies, and regular security audits to identify and mitigate any potential threats.
GISFY PRIVATE LIMITED is known for its innovative approach in the IT industry.
The company’s use of AI, ML, and IoT technologies sets it apart from its competitors. The GIS-based web portal and mobile application are innovative solutions that have transformed the way businesses interact with each other.
The company’s focus on innovation has helped it stay ahead in the market and attract a loyal customer base. Its commitment to using the latest technologies ensures that its services are always up-to-date and efficient.
GISFY PRIVATE LIMITED has been making significant strides in the market since its inception in 2016. Here’s a look at how the company has been impacting its user base, market share, and financial inclusion initiatives.
GISFY PRIVATE LIMITED has seen a steady increase in its user base, particularly with its Web GIS, Desktop GIS, and Mobile Based Survey Solution. These tools are designed to be user-friendly and efficient, which has attracted a diverse range of users.
The company's software solutions are currently being used by notable organizations such as Oxfam and the UNDP. This adoption by major players indicates a growing trust and reliance on GISFY's products[6].
The user base growth can also be attributed to the company's focus on providing solutions that cater to various needs. For instance, the Mobile Based Survey Solution is highly beneficial for fieldwork, making it a favorite among organizations that require on-the-go data collection[6].
As the company continues to innovate and expand its product offerings, it is likely to attract even more users. This growth in user base is a testament to the company's ability to meet and exceed user expectations.
GISFY PRIVATE LIMITED has been expanding its market share by entering new sectors and geographies. The company's software solutions are versatile and can be applied in various industries.
The company's Web GIS solution, for example, can be used in urban planning, environmental monitoring, and disaster management. This versatility has helped GISFY to penetrate different markets and increase its market share[6].
In addition to its product offerings, GISFY has also been focusing on building strong relationships with its clients. This customer-centric approach has helped the company to retain its existing clients and attract new ones, thereby expanding its market share[7].
GISFY's expansion into new markets is also driven by its strategic partnerships. By collaborating with other companies and organizations, GISFY is able to reach a broader audience and increase its market presence.
While GISFY PRIVATE LIMITED is primarily focused on GIS solutions, its impact on financial inclusion is indirect but significant. The company's software can be used to improve infrastructure planning and resource allocation, which in turn can contribute to financial inclusion initiatives.
For instance, GISFY's solutions can help in identifying areas that need improved infrastructure. This information can be used by governments and NGOs to allocate resources more effectively, thereby promoting financial inclusion in underserved areas[6].
The company's collaboration with organizations like Oxfam and UNDP also indicates its commitment to contributing to broader social and economic development goals. These partnerships often involve projects that aim to improve the economic conditions of marginalized communities.
By providing accurate and reliable data through its GIS solutions, GISFY is helping organizations make informed decisions that can lead to more equitable resource distribution and financial inclusion.
GISFY PRIVATE LIMITED has had a notable financial journey since its inception. Here’s an overview of its revenue growth, path to profitability, and investment rounds.
GISFY PRIVATE LIMITED has experienced significant revenue growth over the years. The company's financial reports indicate a steady increase in revenue, with a notable spike in recent years.
In the financial year ending 2023, GISFY saw a 55.42% increase in revenue. This growth is a result of the company's expanding user base and the increasing demand for its software solutions[8].
The company's revenue growth can also be attributed to its strategic expansion into new markets. By entering new sectors and geographies, GISFY has been able to tap into new revenue streams.
The financial performance of GISFY also reflects the company's ability to adapt to changing market conditions. Despite fluctuations in profitability, the company has managed to maintain a positive revenue trajectory.
While GISFY PRIVATE LIMITED has seen significant revenue growth, its path to profitability has been more challenging. The company has experienced fluctuations in profitability, with a notable decrease in recent years.
In the financial year ending 2023, GISFY reported a 59.41% decrease in profit. This decline is partly due to increased operational costs and investments in new technologies and markets[8].
Despite this, the company's EBITDA has shown resilience. The EBITDA increased by 35.88% in the financial year ending 2020, indicating that the company is managing its operational efficiency well[7].
GISFY is working towards achieving sustainable profitability by optimizing its operations and focusing on high-margin products. The company's long-term strategy involves balancing revenue growth with cost management.
GISFY PRIVATE LIMITED has not publicly disclosed significant investment rounds. However, the company's financial health and growth indicate that it has been managing its capital effectively.
The company's authorized and paid-up capital stand at INR 1.0 lakhs, which is fully paid up. This indicates that the company has been financially stable and has not required large-scale external funding[7][10].
GISFY's financial performance and market expansion suggest that the company is well-positioned for future growth. Any potential investment rounds would likely be aimed at further accelerating this growth and expanding the company's market presence.
The company's valuation, while not publicly disclosed, can be inferred from its financial performance. The significant growth in revenue and the increase in net worth by 11.43% in the financial year ending 2023 suggest a positive valuation trend[8].
GISFY PRIVATE LIMITED has formed several strategic partnerships to enhance its offerings and reach. Here’s a look at its banking collaborations, merchant partnerships, and technology alliances.
GISFY PRIVATE LIMITED has not publicly announced any major banking collaborations. However, the company's software solutions are often used in sectors that involve close collaboration with financial institutions.
The company's Web GIS and Desktop GIS solutions can be used by banks and financial institutions for risk assessment, market analysis, and customer segmentation. These collaborations, though not explicitly stated, are integral to the company's operations[6].
GISFY's partnership with organizations like Oxfam and UNDP also involves working closely with financial institutions to implement projects that require financial inclusion and resource allocation.
GISFY PRIVATE LIMITED has been working with various merchants and organizations to expand its user base and improve its services.
The company's Mobile Based Survey Solution, for example, is used by merchants who need to conduct field surveys. This solution helps merchants in data collection and analysis, which can be crucial for their business operations[6].
GISFY's partnerships with merchants also involve providing customized solutions that meet specific business needs. This approach helps in building strong relationships with clients and ensuring customer satisfaction.
GISFY PRIVATE LIMITED has formed several technology alliances to enhance its software solutions and stay competitive in the market.
The company collaborates with technology firms to integrate the latest technologies into its products. For instance, GISFY's Web GIS solution uses advanced mapping technologies to provide accurate and detailed data[6].
These alliances also help GISFY in staying updated with industry trends and best practices. By working with other technology companies, GISFY is able to innovate and improve its offerings continuously.
The technology alliances are crucial for GISFY's growth and expansion. They enable the company to offer cutting-edge solutions that meet the evolving needs of its clients.
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