When was Decimal Technology founded?

Decimal Technology was founded in 2009 and raised its 1st funding round 13 years after it was founded.

Where is Decimal Technology located?

Decimal Technology is headquartered in Gurugram, India. It is registered at 12th Floor, M3M Urbana Business Park, Sector 67, Gurugram, Gurgaon, Gurgaon, Basai Road, Haryana, India, 122001.

Who is the current CEO of Decimal Technology?

Lalit Mehta of Decimal Technology. They have also founded 2 companies.

Which legal entities is Decimal Technology associated with?

Decimal Technology is associated with DECIMAL TECHNOLOGIES PRIVATE LIMITED.

How many employees does Decimal Technology have?

As of Jul 31, 2025, Decimal Technology has 458 employees, reflecting a 25% year-over-year growth in headcount.

Is Decimal Technology a funded company?

Decimal Technology is a funded company, having raised a total of $3.48M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 31, 2022.

How much is Decimal Technology worth?

The latest valuation of Decimal Technology is $***** as of Dec 27, 2023. This marks a decline of 9% from its peak valuation of $41.4M in Mar, 2022. This marks a decline of 9% from its peak valuation of $41.4M in Mar, 2022.

When was the latest funding round of Decimal Technology?

Decimal Technology's latest funding was a $***** Seed round on Dec 05, 2024, with participation from 0 investor. Its primary sector is Insurance IT. In India, the Insurance IT sector has seen $98.5M in funding in 2026 to date.

What is the annual revenue of Decimal Technology?

Annual revenue of Decimal Technology is between ₹50 Cr and ₹100 Cr as on Mar 31, 2025

Where does Decimal Technology rank among its competitors?

Decimal Technology ranks 37th amongst 1065 active competitors, of which 143 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Decimal Technology, which secured $3M in Dec, 2024.

Who are the top competitors of Decimal Technology?

Decimal Technology's top competitors include Appian, Glia and OutSystems. Among them, Decimal Technology secured the most recent funding round in December, 2024.

Decimal Technology - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Developer of a no-code platform for enterprise application development solutions. The platform offers tools for building core business systems, workflow automation, and customer applications. It provides solutions for industries like banking, finance, and insurance. The platform also features an API marketplace and resources for developers, including a developer portal and academy.

Website: decimaltech.com
Email ID: *****@decimal.co.in
Phone Number: +91 **********
Registered Address: 12th Floor, M3M Urbana Business Park, Sector 67, Gurugram, Gurgaon, Gurgaon, Basai Road, Haryana, India, 122001

Key Metrics

Founded Year

2009

Location

Gurugram, India

Stage

Seed

Total Funding

$3.48M in 3 rounds

Latest Funding Round

Seed, Dec 05, 2024, $*****

Post Money Valuation

$***** as on Dec 27, 2023

Investors

Sanjeev Kumar & 11 more

Ranked

37^th among 1065 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2025

Employee Count

458 as on Jul 31, 2025

Similar Companies

Appian & 1127 more

View Decimal Technology's full profile

Decimal Technology is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
DECIMAL TECHNOLOGIES PRIVATE LIMITED CIN: U72300HR2009PTC039652 , India, Active	Nov 03, 2009	₹50 - ₹100 Cr (As on Mar 31, 2025)	458 (As on Jul 31, 2025)

Decimal Technology has raised a total funding of $3.48M over 3 rounds. Its first funding round was on Mar 31, 2022. Decimal Technology has 2 institutional investors and 10 angel investors.

Here is the list of recent funding rounds of Decimal Technology:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 05, 2024	8334328	Seed	7407580	9200257	1112031	6902535
Dec 27, 2023	7925069	Seed	3519948	7197009	6206917	8714583
Mar 31, 2022	7430497	Seed	3142054	8714851	Shaleen Garg & 2 more	Agindustries

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View details of Decimal Technology's funding rounds and investors

The founders of Decimal Technology are Manav Yagnik, Lalit Mehta, Arvind Nahata and Tulsi Das Mehta. Lalit Mehta is the CEO of Decimal Technology.

Here are the details of Decimal Technology's key team members:

Manav Yagnik: Co-Founder of Decimal Technology. They are also an angel investor in 2 startups and serve on the board of 1 company.
Lalit Mehta: Co-Founder & CEO of Decimal Technology and founder of 1 other company. They serve on the boards of 2 companies.
Arvind Nahata: Co-Founder & CBO of Decimal Technology. They serve on the board of 1 company.
Contact Info: 1 email address
Tulsi Das Mehta: Co-Founder of Decimal Technology. They are also an angel investor in 1 startup.

Decimal Technology's Board of Directors

Decimal Technology's board has 2 active members. Lalit Mehta and Arvind Nahata are part of team.

Here is the list of Decimal Technology's board of directors:

Name	Type	Representing	Status	Duration
Lalit Mehta	Team	-	Current	17y 0m
Arvind Nahata	Team	-	Current	14y 7m
fjantfi	Team	-	Past	3y 1m
bvovwmi	Independent board member	-	Past	2y 1m

View details of Decimal Technology's Founder profiles and Board Members

Decimal Technology's employee count trend

Decimal Technology has 458 employees as of Jul 25. The total employee count is 24.0% more than what it was in Jul 24. Here is Decimal Technology's employee count trend over the years:

Employee count trend for Decimal Technology

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Top competitors of Decimal Technology include Appian, Glia and OutSystems. Here is the list of Top 10 competitors of Decimal Technology, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Appian 1999, Reston (United States), Public	Cloud based low code application development and automation platform	$47.5M	New Enterprise Associates, Scheuermann Investment ... & 3 others	76/100
2nd	Glia 2012, New York City (United States), Series D	Developer of an AI contact center platform for financial institutions	$152M	Insight Partners, Entrepreneurs Roundtable Accelerator ... & 7 others	70/100
3rd	OutSystems 2001, Linda A Velha (Portugal), Series F	Developer of a low-code platform with AI-powered application development capabilities	$803M	KKR, Tiger Global Management & 13 others	70/100
4th	Shift Technology 2014, Paris (France), Series D	Provider of AI solutions for insurance underwriting, claims, and risk	$320M	Accel, Bessemer Venture Partners & 15 others	68/100
5th	Genesis Global 2015, London (United Kingdom), Series C	Cloud based low code application development platform	$268M	Tiger Global Management, Illuminate Financial ... & 11 others	67/100
6th	Kissflow 2012, Wilmington (United States), Seed	Provider of a low-code platform for building and managing enterprise applications	$1.03M	IAN Group, Pragnya & 98 others	67/100
7th	Cognigy 2016, Dusseldorf (Germany), Acquired	Provider of AI-powered customer service automation platform and agent assistance	$165M	Nordic Makers, DTCP & 12 others	67/100
8th	Bubble 2012, New York City (United States), Series A	Cloud based no code web application development tool	$106M	SignalFire, Insight Partners & 13 others	65/100
9th	WaveMaker 2003, Mountain View (United States), Acquired	Developer of low-code platform for building and customizing enterprise applications	$8.72M	Worldview Technology Partners, AllegisCyber Capital ... & 3 others	65/100
10th	MWM 2012, Boulogne billancourt (France), Series C	Mobile app development studio and publisher that uses AI technologies	$67M	Blisce, Aglae Ventures & 5 others	65/100
37th	Decimal Technology 2009, Gurugram (India), Seed	Developer of a no-code platform for enterprise application development solutions	$3.48M	Voxtur, Agindustries & 10 others	53/100

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DECIMAL TECHNOLOGIES PRIVATE LIMITED, the legal entity associated with Decimal Technology, generated between ₹50 Cr and ₹100 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of DECIMAL TECHNOLOGIES PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 10% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	2502	3560	2220	4580	6379
Total Sales	6383	2887	2878	9618	8201
Total Expenses	9142	7877	9672	9891	5220
Operating Expenses	1060	5028	6875	2527	7042
Employee Expenses	5005	9048	4483	7849	2021
Operating Income (EBIT)	5900	1467	2057	3464	5320
Interest Expenses	1061	3440	2003	2314	1428
Expenses from other activities	5933	1618	9453	1210	6276
EBITDA	6781	7877	3964	9352	9213
Taxes	1073	2103	8856	4479	8113
Net Profit	4729	4645	2203	3995	7168
Balance Sheet
Assets	4086	5574	9480	2974	7422
Accounts Receivables	5566	7651	7418	7466	5619
Inventory	6933	3951	9095	5456	3092
Liabilities	8489	3051	8522	1011	5972
Total Debt	7287	5647	6117	2205	9760
Accounts Payable	8833	4174	5480	6184	7451
Equities	7605	3567	2697	9445	8934

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders (largest shareholder) own 93.15%, Enterprises own 0.24%, Angels own 0.90% and Other People own 5.71%. The net worth of Decimal Technology's founders is INR 293Cr as of Dec 27, 2023. The cap table displayed below is for DECIMAL TECHNOLOGIES PRIVATE LIMITED which is the legal entity associated with Decimal Technology.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	93.15%	293Cr	4574747	4903478	7875737	3337649
Lalit Mehta	1598499	5427021	1647705	1620980	4189340	9454067
Arvind Nahata	3276695	9791420	2408894	3356997	7151159	5596657
Manav Yagnik	5659556	2014244	1662167	2456502	2748517	6194059
Enterprise	0.24%	75L	0	0	0	0
Angel	0.90%	2.85Cr	0	0	0	0
Shaleen Garg	0	0	0	0	0	0
Other People	5.71%	18Cr	71263	81202	12058	35004
Total	100.00%	315Cr	5281102	6997213	8796935	5224556