Engage IT Services - About the company
Engage IT Services is an acquired company based in Bengaluru (India), founded in 2008 by Naresh Munipalli. It operates as a Provider of managed IT and infrastructure support services. Engage IT Services has raised $14.8K in funding, with last known valuation of ₹*****. The company has 129004 active competitors, including 986 funded and 7610 that have exited. Its top competitors include companies like IBM, Hewlett Packard Enterprise and Mindtree.
Company Details
- Website
- www.engageitsv.com/
- Email ID
- *****@engageitsv.com
- Phone Number
- +91 **********
- Registered Address
- No.4, 17th Cross, Industrial Area Banashankari Stage 2, Bangalore, Bangalore, Karnataka, India, 560070
Key Metrics
Founded Year
2008
Location
Bengaluru, India
Stage
Acquired
Total Funding
$14.8K in 2 rounds
Latest Funding Round
Last Known Valuation
₹***** as on Mar 30, 2015
Ranked
3272nd among 129004 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
31 as on Jul 31, 2025
Similar Companies
Exit Details
Acquired by Elys Game Technology (Feb 02, 2023)
Legal entities associated with Engage IT Services
Engage IT Services is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ENGAGE IT SERVICES PRIVATE LIMITED CIN: U72200KA2011PTC061414 , India, Active | Nov 29, 2011 | 0 - ₹10 Cr (As on Mar 31, 2025) | 31 (As on Aug 31, 2025) |
Engage IT Services's acquisition details
Engage IT Services got acquired by Elys Game Technology on Feb 02, 2023.
Click here to take a look at Engage IT Services's acquisition in detail
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Engage IT Services's funding and investors
Engage IT Services has raised a total funding of $14.8K over 2 rounds. Its first funding round was on Mar 31, 2014. Its latest funding round was a Angel round on Mar 30, 2015 for $*****. 4 investors participated in its latest round. Engage IT Services has 5 angel investors.
Here is the list of recent funding rounds of Engage IT Services:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 30, 2015 | 4252304 | Angel | 4692300 | 9856898 | 6743205 | 3648555 |
Mar 31, 2014 | 1793560 | Angel | 2033557 | 3456987 | 7467463 |
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Engage IT Services' founders and board of directors
Founder? Claim ProfileThe founders of Engage IT Services is Naresh Munipalli.
Here are the details of Engage IT Services' key team members:
- Naresh Munipalli: Founder & Director of Engage IT Services. They are also an angel investor in 1 startup.Contact Info: 1 email address
View details of Engage IT Services's Founder profiles and Board Members
Engage IT Services' employee count trend
Engage IT Services has 31 employees as of Jul 25. The total employee count is 9.0% lower than what it was in Jul 24. Here is Engage IT Services's employee count trend over the years:
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Engage IT Services's Competitors and alternates
Top competitors of Engage IT Services include IBM, Hewlett Packard Enterprise and Mindtree. Here is the list of Top 10 competitors of Engage IT Services, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | IBM 1911, Armonk (United States), Public | Provider of hybrid cloud, artificial intelligence, and IT consulting services | - | 81/100 | |
2nd | Hewlett Packard Enterprise 2015, Houston (United States), Public | Provider of edge-to-cloud solutions, products, and services for enterprise organizations | - | 78/100 | |
3rd | Consulting and implementations company | $23.9M | 78/100 | ||
4th | UST 1999, Aliso Viejo (United States), Late Stage | Provider of data analytics, cloud modernization, management strategy, and digital transformation services | $250M | 76/100 | |
5th | Provider of consulting, data analytics, and IT services | - | 75/100 | ||
6th | Provider of IT consulting, technology, and outsourcing services | - | 74/100 | ||
7th | EPAM 1993, Newtown (United States), Public | Provider of software development, data analytics, and other IT suite services | $50M | 74/100 | |
8th | Virtusa 1996, Westborough (United States), Acquired | IT services company | $45.2M | 73/100 | |
9th |  Datamatics 1975, Mumbai (India), Public | Provider of digital technologies, business process management, analytics, and automation services | $3M | 73/100 | |
10th | Provider of diversified application development, IT consulting, and digital transformation services | - | 73/100 | ||
3272nd | Engage IT Services 2008, Bengaluru (India), Acquired | Provider of managed IT and infrastructure support services | $14.8K | - | 34/100 |
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Engage IT Services's Latest cap tables and shareholding
Founders own 21.25%, Angels (largest shareholder) own 57.92% and Other People own 20.83%. The net worth of Engage IT Services's founders is INR 26.7L as of Mar 30, 2015.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 21.25% | 26.7L | 5617471 | 9867297 | 3793555 | 9486730 |
6293681 | 7034217 | 2780567 | 7783987 | 1904476 | 3921850 | |
Angel | 57.92% | 72.8L | 1673579 | 8914811 | 7651513 | 2681723 |
5956980 | 6278663 | 5529684 | 2738364 | 5285704 | 5559959 | |
6828674 | 3277581 | 3114343 | 3140702 | 5514682 | 8376152 | |
Other People | 20.83% | 26.2L | 9518497 | 4143133 | 3364665 | 2180896 |
Total | 100.00% | 1.26Cr | 1911522 | 2122477 | 3536538 | 6427628 |
To unlock detailed Cap Table of Engage IT Services Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Engage IT Services's Shareholding
Engage IT Services's Investments and acquisitions
Engage IT Services has made no investments or acquisitions yet.
Reports related to Engage IT Services
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