Where is NovacTech located?

NovacTech is headquartered in Chennai, India. It is registered at NO.4,SHRIRAM HOUSE, BURKIT ROAD,T.NAGAR, Chennai, CHENNAI, Tamil Nadu, India, 600017.

Which legal entities is NovacTech associated with?

NovacTech is associated with SHRIRAM VALUE SERVICES LIMITED and 1 other.

How many employees does NovacTech have?

As of Nov 30, 2024, NovacTech has 3497 employees, reflecting a 8% year-over-year decline in headcount.

Is NovacTech a funded company?

NovacTech is a funded company, having raised a total of $***** in its 1st and only funding round.

What is the annual revenue of NovacTech?

Annual revenue of NovacTech is ₹321Cr as on Mar 31, 2025.

Where does NovacTech rank among its competitors?

NovacTech ranks 30th amongst 90 active competitors, of which 21 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Xceedance, which secured an undisclosed amount in Oct, 2025.

Who are the top competitors of NovacTech?

NovacTech's top competitors include Guidewire, Sapiens and Arya.ai. Among them, Xceedance secured the most recent funding round in October, 2025.

NovacTech - 2026 Company Profile, Competitors & Financials

NovacTech is an unfunded company based in Chennai (India), founded in 2006. It operates as a Developer of cloud-based platform for digital lending and finance management solutions. NovacTech has not raised any funding yet. The company has 90 active competitors, including 21 funded and 20 that have exited. Its top competitors include companies like Guidewire, Sapiens and Arya.ai.

Company Details

Developer of cloud-based platform for digital lending and finance management solutions. It provides users with a digital transformation firm that focusses on providing cloud solutions services to a range of sectors, including learning, retail, insurance, and finance. It also offers solutions for loan management, product management, loan serviceing, and collection management tailored for banking and financial operations.

Website: www.novactech.com/
Social
Email ID: *****@novactech.com
Phone Number: +91 **********
Registered Address: NO.4,SHRIRAM HOUSE, BURKIT ROAD,T.NAGAR, Chennai, CHENNAI, Tamil Nadu, India, 600017

Key Metrics

Founded Year

2006

Location

Chennai, India

Stage

Unfunded

Ranked

30^th among 90 active competitors

Annual Revenue

₹321Cr as on Mar 31, 2025

Employee Count

3,497 as on Nov 30, 2024

Similar Companies

FintechOS & 693 more

View NovacTech's full profile

NovacTech is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NOVAC TECHNOLOGY SOLUTIONS PRIVATE LIMITED CIN: U72100TN2018PTC122516 , India, Active	May 04, 2018	$38M (As on Mar 31, 2025)	3880 (As on Feb 28, 2026)
SHRIRAM VALUE SERVICES LIMITED CIN: U63090TN1995PLC033513 , India, Active	Nov 13, 1995	$113M (As on Mar 31, 2025)	10 (As on Apr 30, 2025)

NovacTech has not raised any funding rounds yet.

NovacTech's employee count trend

NovacTech has 3,497 employees as of Nov 24. The total employee count is 8.0% lower than what it was in Nov 23. Here is NovacTech's employee count trend over the years:

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Top competitors of NovacTech include Guidewire, Sapiens and Arya.ai. Here is the list of Top 10 competitors of NovacTech, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Guidewire 2001, San Mateo (United States), Public	Cloud-based platform for property and casualty insurance	-	Battery Ventures, NISA & 6 others	77/100
2nd	Sapiens 1982, Holon (Israel), Acquired	Insurance policy administration and compliance solutions for the insurance industry	-	Nir 4 You, Swanlaab Venture Factory & 8 others	66/100
3rd	Arya.ai 2013, Mumbai (India), Acquired	Provider of AI-powered platforms and APIs for financial services	$2.19M	YourNest, DMI Sparkle Fund & 44 others	65/100
4th	Bravura Solutions 2004, Edinburgh (United Kingdom), Acquired	Software solutions for life insurance and wealth management	$28.4M	Ironbridge, Herald Investment Management	64/100
5th	Linedata 1998, Neuilly sur seine (France), Public	Provider of software, data, analytics, and related services for financial institutions	-	Ardian, XAnge & 4 others	63/100
6th	FINEOS 1993, Dublin (Ireland), Public	Insurance quoting and underwriting solutions for the life and health insurance industry	-	Nedamco Capital, American Public Life Insurance	63/100
7th	Applied 1983, University Park (United States), Acquired	Provider of a cloud-based software suite for P&C insurers, MGA and agents	-	Stone Point Capital, JMI Management & 4 others	62/100
8th	Riskcovry 2018, Mumbai (India), Series A	Provider of a platform for digital insurance distribution and management	$14.4M	Morphosis Venture Capital, 360 One & 37 others	62/100
9th	Mintpro 2017, Mumbai (India), Unfunded	Insurance agency management software	-	-	62/100
10th	Xceedance 2013, Boston (United States), Seed	Provider of consulting, analytics and data sciences for insurance industry	-	Performance Equity Management, Portage	59/100
30th	NovacTech 2006, Chennai (India), Unfunded	Developer of cloud-based platform for digital lending and finance management solutions	-	-	44/100