When was Axar Digital founded?

Axar Digital was founded in 2006 and raised its 1st funding round 10 years after it was founded.

Where is Axar Digital located?

Axar Digital is headquartered in Pune, India. It is registered at OFFICE NO.14, 3 RD FLOOR, L SQUARE, PLOT NO 8, SURVEY NO 187, SANGHVI NAGAR, AUNDH, Pune, PUNE, Maharashtra, India, 411007.

Which legal entities is Axar Digital associated with?

Axar Digital is associated with AXAR DIGITAL SERVICES PRIVATE LIMITED.

How many employees does Axar Digital have?

As of Jul 31, 2025, Axar Digital has 46 employees, reflecting a 130% year-over-year growth in headcount.

Is Axar Digital a funded company?

Axar Digital is a funded company, having raised a total of $***** in its 1st and only funding round, a Angel round on May 16, 2016.

How much is Axar Digital worth?

The latest valuation of Axar Digital is $***** as of May 16, 2016.

When was the latest funding round of Axar Digital?

Axar Digital's latest funding was a $***** Angel round on May 16, 2016, with participation from 5 investors. Its primary sector is GRC Software. In India, the GRC Software sector has seen $83.4M in funding in 2026 to date.

What is the annual revenue of Axar Digital?

Annual revenue of Axar Digital is less than ₹10 Cr as on Mar 31, 2025

Where does Axar Digital rank among its competitors?

Axar Digital ranks 6th amongst 136 active competitors, of which 11 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Trustible, which secured $6.09M in May, 2025.

Who are the top competitors of Axar Digital?

Axar Digital's top competitors include Diligent, Trustible and DiliTrust. Among them, Trustible secured the most recent funding round in May, 2025.

Axar Digital - 2026 Company Profile, Team, Funding, Competitors & Financials

Axar Digital is a seed company based in Pune (India), founded in 2006 by Devdutt B (Sunil) Modak. It operates as a Software to facilitate governance and compliance in companies. Axar Digital has raised $109K in funding, with a current valuation of $*****. The company has 136 active competitors, including 11 funded and 9 that have exited. Its top competitors include companies like Diligent, Trustible and DiliTrust.

Company Details

Axar Digital offers software products that help governance and compliance in organisations. LegiLens is an office management tool for company secretaries. Can assign tasks and monitor them. Can be used for group of companies. Features include calculating the compliance dates, set up deadlines, send reminders, dashboard, automation of secretarial practices in different sections for important events, chapter-wise configuration of Companies Act 2013, graphical view on compliance data, maintenance of e-registers. BoardEye is a web-based product to assist directors in doing their duties. The product tracks board decisions and compliance activities, provides interaction within the Board and secretarial department, support meetings management & information management. Board Information System (BiS) is a product that combines the above 2 modules.

Website: www.axardigital.com/
Email ID: *****@axardigital.com
Phone Number: +91 **********, +91 **********
Registered Address: OFFICE NO.14, 3 RD FLOOR, L SQUARE, PLOT NO 8, SURVEY NO 187, SANGHVI NAGAR, AUNDH, Pune, PUNE, Maharashtra, India, 411007

Key Metrics

Founded Year

2006

Location

Pune, India

Stage

Seed

Total Funding

$109K in 1 round

Latest Funding Round

Angel, May 16, 2016, $*****

Post Money Valuation

$***** as on May 16, 2016

Investors

Srinivasan Subramanian & 6 more

Ranked

6^th among 136 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

46 as on Jul 31, 2025

Similar Companies

Diligent & 162 more

View Axar Digital's full profile

Axar Digital is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
AXAR DIGITAL SERVICES PRIVATE LIMITED CIN: U00892PN2006PTC022357 , India, Active	Apr 18, 2006	0 - ₹10 Cr (As on Mar 31, 2025)	25 (As on Aug 31, 2025)

Axar Digital has raised a total funding of $109K over 1 round. Its latest funding round was a Angel round on May 16, 2016 for $*****. 5 investors participated in its latest round. Axar Digital has 7 angel investors.

Here is the list of recent funding rounds of Axar Digital:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 16, 2016	7965252	Angel	7185310	8654043	7674223	1886408

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View details of Axar Digital's funding rounds and investors

The founders of Axar Digital is Devdutt B (Sunil) Modak.

Here are the details of Axar Digital's key team members:

Devdutt B (Sunil) Modak: Co-founder & CMD of Axar Digital.

View details of Axar Digital's Founder profiles and Board Members

Axar Digital's employee count trend

Axar Digital has 46 employees as of Jul 25. The total employee count is 130.0% more than what it was in Jul 24. Here is Axar Digital's employee count trend over the years:

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Top competitors of Axar Digital include Diligent, Trustible and DiliTrust. Here is the list of Top 10 competitors of Axar Digital, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Diligent 1994, New York City (United States), Acquired	Platform that offers suite of governance solutions to help organizations streamline its board management	$27M	Blackstone, Clearlake Capital Group & 9 others	75/100
2nd	Trustible 2023, Washington, DC (United States), Seed	Provider of an AI governance platform for risk management and compliance	$7.69M	VamosVentures, Harlem Capital & 14 others	51/100
3rd	DiliTrust 1995, Paris (France), Series D	Corporate governance and data governance solution	$146M	Sagard, Cathay Capital & 4 others	47/100
4th	Pulse Software 2011, Sydney (Australia), Acquired	Business process management and learning management solution provider	-	-	45/100
5th	Govenda 2012, Pittsburgh (United States), Acquired	Cloud-based corporate governance management software provider	$5.51M	Growth Street Partners, Lighter Capital & 5 others	44/100
6th	Axar Digital 2006, Pune (India), Seed	Software to facilitate governance and compliance in companies	$109K	-	44/100
7th	Courion 1996, Roswell (United States), Acqui-Hired	Access management & governance solutions provider	$32.1M	QuestMark Partners, JMI Management & 6 others	43/100
8th	Boardmeter 2014, Copenhagen (Denmark), Unfunded	Platform offering corporate governance management software	-	-	37/100
9th	Atlas Governance 2016, Sao Paulo (Brazil), Series A	Cloud based corporate governance management software provider	$5M	Volpe Capital, DSK Capital & 1 others	36/100
10th	BoardPAC 2006, Austin (United States), Seed	Digital board meeting automation solutions for businesses	-	-	35/100

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Founders (largest shareholder) own 57.69%, Angels own 20.20% and Other People own 22.12%. The net worth of Axar Digital's founders is INR 1.76Cr as of May 16, 2016.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	57.69%	1.76Cr	1934481	8695345	8408098	6879255
Angel	20.20%	61.8L	2954859	9072228	2406037	2268784
Srinivasan Subramanian	1124964	4620184	8217639	2186274	5258461	4724692
Other People	22.12%	67.6L	5178407	4078260	4352731	2312617
Total	100.00%	3.06Cr	9645982	6533071	1932491	4274346