Miles Software - About the company
Miles Software is an acquired company based in Mumbai (India), founded in 1999 by Rama Manharkant Ganatra, Rama Gantra, Kruti Gantra and Manharkant Gantra. It operates as a Back-office solutions for wealth managers. Miles Software has raised $8.54M in funding from investors like Zephyr Management, Zephyr Peacock and Lighthouse, with last known valuation of $*****. The company has 809 active competitors, including 109 funded and 107 that have exited. Its top competitors include companies like Avaloq, Broadridge and Altruist.
Company Details
Miles Software offers back-office solutions to wealth managers, banks, brokerage houses, NBFC’s, and financial institutions. It features MoneyWare, Integra, FundWare, Vantage, and Custody for managing portfolios, trades, revenue/incentives, CRM, and financial planning processes.
- Website
- www.milessoft.com/
- Social
- Email ID
- *****@milessoft.com
- Phone Number
- +91 **********
- Registered Address
- Flat No. 101, First Floor, 4832/24, Ansari Road, Darya Ganj, Central Delhi, New Delhi, Delhi, India, 110002
Key Metrics
Founded Year
1999
Location
Mumbai, India
Stage
Acquired
Total Funding
$8.54M in 3 rounds
Latest Funding Round
Last Known Valuation
$***** as on Jul 14, 2010
Investors
Ranked
44th among 809 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2024
Employee Count
832 as on Aug 31, 2026
Investment & Acquisitions
Exit Details
Acquired by Ebix (Sep 04, 2018)
Legal entities associated with Miles Software
Miles Software is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
EBIXCASH FINANCIAL TECHNOLOGIES PRIVATE LIMITED CIN: U72200DL1999PTC391893 , India, Amalgamated | Mar 26, 1999 | ₹50 - ₹100 Cr (As on Mar 31, 2024) | 210 (As on Nov 01, 2024) |
Miles Software's acquisition details
Miles Software got acquired by Ebix on Sep 04, 2018.
Click here to take a look at Miles Software's acquisition in detail
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Miles Software's funding and investors
Miles Software has raised a total funding of $8.54M over 3 rounds. Its first funding round was on May 12, 2008. Its latest funding round was a Series A round on Jun 30, 2011 for $*****. 2 investors participated in its latest round. Miles Software has 3 institutional investors.
Here is the list of recent funding rounds of Miles Software:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 30, 2011 | 9411169 | Series A | 4805954 | 6128637 | 4408586 | 5069941 |
Jul 14, 2010 | 7415140 | Unattributed | 3142537 | 5392754 | 1889886 | |
May 12, 2008 | 4951424 | Unattributed | 5514935 | 5963378 | 5351110 |
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Miles Software's founders and board of directors
Founder? Claim ProfileThe founders of Miles Software are Rama Manharkant Ganatra, Rama Gantra, Kruti Gantra and Manharkant Gantra.
Here are the details of Miles Software's key team members:
- Rama Manharkant Ganatra: Co-Founder of Miles Software. They serve on the board of 1 company.Contact Info: 1 phone number
- Rama Gantra: Co-Founder of Miles Software.
- Kruti Gantra: Co-Founder of Miles Software.
- Manharkant Gantra: Co-Founder of Miles Software.
Miles Software's Board of Directors
Miles Software's board has 3 active members. Milan Manharkant Ganatra is part of team and Vikas Verma and Satya Bushan Kotru are independent board members.Here is the list of Miles Software's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 27y 5m | |
tbytgor | Team | - | Past | 2y 2m |
zvrtaoz | Team | - | Past | 5y 4m |
ueeuivf | Investor | mdaprhg | Past | 2y 5m |
nmkunvn | Investor | vqbccws | Past | 3y 6m |
d{jwart | Investor | lvvsyjv | Past | 9y 5m |
hp{fzwf | Independent board member | - | Past | 6y 9m |
acbanso | Independent board member | - | Past | 4y 5m |
ztf{bfb | Independent board member | - | Past | 1y 9m |
rmea{xu | Independent board member | - | Past | 7y 1m |
View details of Miles Software's Founder profiles and Board Members
Miles Software's employee count trend
Miles Software has 832 employees as of Aug 26. Here is Miles Software's employee count trend over the years:
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Miles Software's Competitors and alternates
Top competitors of Miles Software include Avaloq, Broadridge and Altruist. Here is the list of Top 10 competitors of Miles Software, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Avaloq 1985, Zurich (Switzerland), Acquired | Cloud-based solutions for financial institutions | $301M | 76/100 | |
2nd |  Broadridge 2007, United States, Public | Provider of tech solution for financial service and customer communication | - | 73/100 | |
3rd | Altruist 2018, Culver City (United States), Acquired | Portfolio management software for financial advisors | $602M | 72/100 | |
4th | SEI 1968, Oaks (United States), Public | Wealth and investment management solutions for institutional investors | - | 72/100 | |
5th |  Addepar 2009, Mountain View (United States), Series G | Wealth management solutions for advisors | $759M | 71/100 | |
6th | FNZ 2003, London (United Kingdom), Acquired | Provider of wealth management platforms for financial institutions and advisors | $3.97B | 70/100 | |
7th |  Centricity 2022, Gurugram (India), Series A | Digital private wealth management platform for individuals | $51M | 70/100 | |
8th | AdvisorEngine 2014, New York City (United States), Acquired | Wealth management software platform empowering financial advisors with technology and services | $60.1M | 65/100 | |
9th | Provider of software, data, analytics, and related services for financial institutions | - | 63/100 | ||
10th | Online platform offering wealth management solutions for advisers and investors | $24.3M | 62/100 | ||
44th |  Miles Software 1999, Mumbai (India), Acquired | Back-office solutions for wealth managers | $8.54M | 54/100 |
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Miles Software's Investments and acquisitions
Miles Software has acquired Beans & Intellect Financial Technology. Miles Software has not made any investments as of now.Reports related to Miles Software
Here is the latest report on Miles Software's sector:
News related to Miles Software
•
Ebix Acquires Miles Software, a Leading Global Provider of Asset & Wealth Management SoftwareGlobeNewswire•Sep 04, 2018•Ebix, Miles Software, EbixCash, EBIX and 2 others
•
Miles Software Enters Into Strategic Partnership With State Bank of Mauritius Group to Launch MoneyWare Across the Bank and the NBFCPR Newswire•Aug 13, 2018•Miles Software, State Bank of Mauritius
•
Hatton National Bank Goes Live With MoneyWare Custody in a Quest to Become a One-stop Shop for its CustomersPR Newswire•May 16, 2018•Miles Software
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