Peocit - About the company
Peocit is an acquired company based in Pune (India), founded in 2010. It operates as a Developer of banking software solutions for the financial sector. The company has 353 active competitors, including 42 funded and 29 that have exited. Its top competitors include companies like Thought Machine, ION Group and Tuum.
Company Details
Developer of banking software solutions for the financial sector. It provides software solutions that optimize processes for banks and financial institutions. The company offers branch automation software and applications that can operate on computers, laptops, tablets, and mobiles. It facilitates cashless facilities through technical tie-ups with banks. The company also provides customer support through a computerized CRM ticketing system, multiple phone lines, WhatsApp groups, and onsite visits.
- Website
- peocit.in
- Email ID
- *****@peocitsoft.com
- Phone Number
- +91 **********
- Registered Address
- Plot No 164 Flat No 4 S No 96/3/2 97/3/2, Hrishikesh Apartments, Bhusari Colony, Paud Road, Kothrud, Bhusari Colony, Pune, Pune City, Maharashtra, India, 411038
Key Metrics
Founded Year
2010
Location
Pune, India
Stage
Acquired
Ranked
40th among 353 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
130 as on Aug 31, 2025
Similar Companies
Exit Details
Acquired by Andromeda (May 18, 2026)
Legal entities associated with Peocit
Peocit is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PEOCIT SOFTWARE SOLUTIONS PRIVATE LIMITED CIN: U72200PN2010PTC135536 , India, Active | Feb 11, 2010 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 130 (As on May 01, 2026) |
Peocit's acquisition details
Peocit got acquired by Andromeda on May 18, 2026.
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Peocit's funding and investors
Peocit is a funded company.
Peocit's founders and board of directors
Founder? Claim ProfileHere are the details of Peocit's key team members:
- Shrikant Mulay: CEO of Peocit.
Peocit's Board of Directors
Peocit's board has 3 active members. Abhijit Shamrao Nangare is part of team and Deepak Prakashchand Surana and Shrikant Prakash Mulay are independent board members.Here is the list of Peocit's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
{smdl{u | Team | - | Current | 1y 7m |
Independent board member | - | Current | 16y 7m | |
ukgfjtm | Independent board member | - | Current | 3y 7m |
View details of Peocit's Founder profiles and Board Members
Peocit's employee count trend
Peocit has 130 employees as of Aug 25. Here is Peocit's employee count trend over the years:
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Peocit's Competitors and alternates
Top competitors of Peocit include Thought Machine, ION Group and Tuum. Here is the list of Top 10 competitors of Peocit, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Thought Machine 2014, London (United Kingdom), Series D | Developer of cloud native core banking and payment processing software | $767M | 67/100 | |
2nd | ION Group 1998, London (United Kingdom), Late Stage | Treasury management solutions for financial institutions and banks | $400M | 66/100 | |
3rd | Provider of a cloud-native API-first core banking platform | $49.8M | 66/100 | ||
4th | Cloud-based banking solutions | $109M | 65/100 | ||
5th | Zeta 2015, San Francisco (United States), Series D | Provider of technology platforms and integrated services for financial institutions | $390M | 64/100 | |
6th |  10x 2016, London (United Kingdom), Series C | Developer of a cloud-native SaaS platform for core banking services | $403M | 64/100 | |
7th | Roinet Solution 2012, Gurugram (India), Seed | Developer of financial inclusion and digital finance and banking solutions to under-served communities | $2.2M | 60/100 | |
8th | Cloud-agnostic core banking solution | $30.7M | 59/100 | ||
9th | Full-stack payment infrastructure powering how businesses in Pakistan accept, send, and manage money | $3.5M | 58/100 | ||
10th |  Craft Silicon 2000, Nairobi (Kenya), Seed | Provider of banking, microfinance, fund management, and merchant service solutions | - | 56/100 | |
40th | Developer of banking software solutions for the financial sector | - | - | 43/100 |
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Peocit's Investments and acquisitions
Peocit has made no investments or acquisitions yet.
Reports related to Peocit
Here is the latest report on Peocit's sector:
News related to Peocit
Media has covered Peocit for 1 event in last 1 year.
•
Hercules Portfolio of Andromeda Software Acquires Peocit Software SolutionsNeotrope•May 18, 2026•Peocit, Constellation Software, Peocit Software Solutions
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