Fitsol - About the company
Fitsol is a seed company based in Gurugram (India), founded in 2022 by Akshay Tandon, Sunil Bansal, Anand Pathak, Vikas Kalra, Manoj Sharma and Deepak Kumar. It operates as a Provider of decarbonization-as-a-service combining carbon measurement software with green services. Fitsol has raised $1.21M in funding from GetVantage and Transition VC, with a current valuation of $*****. The company has 855 active competitors, including 135 funded and 31 that have exited. Its top competitors include companies like Watershed, Plan A and Univers.
Company Details
Provider of decarbonization-as-a-service combining carbon measurement software with green services. It offers a platform to measure emissions, report data, and reduce carbon footprint. The company provides solutions for green logistics, procurement, packaging, waste management, and carbon credits. It also offers industry-specific decarbonization solutions for automotive, textile, paper, aluminium, iron, steel, and cement sectors.
- Website
- fitsol.green
- Social
- Email ID
- *****@fitsolscs.com, *****@fitsol.green
- Phone Number
- +91 **********
- Registered Address
- S-258 BASEMENT GREATER KAILASH, 1 NEW DELHI, Greater Kailash, South Delhi, New Delhi, Delhi, India, 110048
Key Metrics
Founded Year
2022
Location
Gurugram, India
Stage
Seed
Total Funding
$1.21M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Oct 09, 2025
Investors
Ranked
44th among 855 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
83 as on Aug 31, 2025
Investment & Acquisitions
Legal entities associated with Fitsol
Fitsol is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
FITSOL SUPPLY CHAIN SOLUTIONS PRIVATE LIMITED CIN: U63030DL2022PTC397055 , India, Active | Apr 21, 2022 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 128 (As on May 01, 2026) |
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Fitsol's funding and investors
Fitsol has raised a total funding of $1.21M over 2 rounds. Its first funding round was on Oct 23, 2024. Its latest funding round was a Seed round on Dec 19, 2024 for $*****. 1 investor participated in its latest round. Fitsol has 2 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Fitsol:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 19, 2024 | 8183506 | Seed | 3799670 | 2334398 | 9039504 | 5019846 |
Oct 23, 2024 | 3388134 | Seed | 4291350 | 7554227 | 1151815 |
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Fitsol's founders and board of directors
Founder? Claim ProfileThe founders of Fitsol are Akshay Tandon, Sunil Bansal, Anand Pathak, Vikas Kalra, Manoj Sharma and Deepak Kumar. Anand Pathak is the CEO of Fitsol.
Here are the details of Fitsol's key team members:
- Akshay Tandon: Co-Founder & CTO of Fitsol. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Sunil Bansal: Co-Founder & COO of Fitsol. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Anand Pathak: Co-Founder & CEO of Fitsol. They serve on the board of 1 company.
- Vikas Kalra: Co-Founder & Chief Business Officer of Fitsol. Contact Info: 1 email address
- Manoj Sharma: Co-Founder of Fitsol. Contact Info: 1 phone number
Fitsol's Board of Directors
Fitsol's board has 4 active members. Akshay Tandon, Sunil Bansal, Anand Pathak and Vikas Kalra are part of team.Here is the list of Fitsol's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 2y 10m | |
Team | - | Current | 2y 10m | |
Team | - | Current | 4y 6m | |
Team | - | Current | 2y 6m |
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Fitsol's employee count trend
Fitsol has 83 employees as of Aug 25. Here is Fitsol's employee count trend over the years:
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Fitsol's Competitors and alternates
Top competitors of Fitsol include Watershed, Plan A and Univers. Here is the list of Top 10 competitors of Fitsol, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Watershed 2019, San Francisco (United States), Series C | Provider of platform for enterprise sustainability programs, measurement, reporting, and action | $185M | 75/100 | |
2nd | Provider of carbon accounting, decarbonisation, and corporate social responsibility reporting software | $40M | 67/100 | ||
3rd | Provider of comprehensive decarbonization solutions | $210M | 67/100 | ||
4th | Satellite-based technology for measuring environmental footprint | $83.9M | 66/100 | ||
5th | Provider of supply chain sustainability risk assessment and management platform | $732M | 65/100 | ||
6th | Provider of platform for voyage, vessel, and bunker optimisation services | $60.5M | 64/100 | ||
7th |  Carbonfact 2021, Paris (France), Series A | Provider of sustainability platform for apparel and footwear product lifecycle management | $17.1M | 62/100 | |
8th |  GreenPlaces 2021, Raleigh (United States), Series A | Online platform to calculate and offset the carbon footprint | $21.5M | 61/100 | |
9th |  Minimum 2020, London (United Kingdom), Acquired | Developer of software for managing environmental data and carbon inventories | $2.75M | 61/100 | |
10th | Developer of software for retail brands to track environmental impact | $13.1M | 59/100 | ||
44th | Provider of decarbonization-as-a-service combining carbon measurement software with green services | $1.21M | 47/100 |
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Financials of FitsolFY 25 Available
FITSOL SUPPLY CHAIN SOLUTIONS PRIVATE LIMITED, the legal entity associated with Fitsol, generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of FITSOL SUPPLY CHAIN SOLUTIONS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 62% in the last 1 year.
Financial Statement Summary
Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
Income Statement | |||
Revenue | 7505 | 3447 | 4613 |
Total Sales | 2857 | 8207 | 3913 |
Total Expenses | 2646 | 3724 | 8564 |
Operating Expenses | 6440 | 8649 | 6127 |
Employee Expenses | 9025 | 8972 | 9230 |
Operating Income (EBIT) | 3850 | 6062 | 8674 |
Interest Expenses | 8093 | 6141 | 4036 |
Expenses from other activities | 6782 | 9553 | 9020 |
EBITDA | 4385 | 6274 | 1594 |
Taxes | 4704 | 6262 | 5841 |
Net Profit | 5068 | 7651 | 2254 |
Balance Sheet | |||
Assets | 1752 | 6034 | 5161 |
Accounts Receivables | 8434 | 2194 | 3834 |
Inventory | 8652 | 5535 | 2077 |
Liabilities | 9846 | 4488 | 8476 |
Total Debt | 3309 | 8115 | 7851 |
Accounts Payable | 9546 | 3884 | 2825 |
Equities | 8663 | 8442 | 6032 |
Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)
Fitsol's Investments and acquisitions
Fitsol has a total of 1 investment in Prithu. Fitsol has not made any acquisitions as of now.Reports related to Fitsol
Here is the latest report on Fitsol's sector:
News related to Fitsol
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•
Fitsol’s AI-powered platform is helping companies track and reduce carbon footprintYourStory•Dec 11, 2024•Fitsol
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