ProtoMinds - About the company
ProtoMinds is an acquired company based in Milpitas (United States), founded in 2015 by Shri Raju and Venki Kumar. It operates as a Data monitoring & compliance solutions. The company has 203 active competitors, including 33 funded and 28 that have exited. Its top competitors include companies like EXIGER, OnFinance AI and Symphony.
Company Details
ProtoMinds provides compliance solutions for monitoring accounting standards and financials. It features solutions for monitoring data, calculations, risks, and reports with IFRS and GAAP standards. It offers multiple products- FINICS for compliance based on IFRS9, Zuora RevPro for revenue compliance based on ASC 606 & IFRS 15, and Blackline for standardizing accounting process.
- Website
- www.protominds.com/
- Social
- Email ID
- *****@protominds.com
- Phone Number
- +1 **********
- Registered Address
- 184-187, LITTLE MOUNT, ANNA SALAI, Saidapet (Chennai), Chennai, Chennai City Corporation, Tamil Nadu, India, 600015
Key Metrics
Founded Year
2015
Location
Milpitas, United States
Stage
Acquired
Ranked
39th among 203 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
55 as on Sep 30, 2026
Exit Details
Acquired by Xalles (Feb 04, 2021)
Legal entities associated with ProtoMinds
ProtoMinds is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
PROTOMINDS SOFTWARE SOLUTIONS PRIVATE LIMITED CIN: U74990TN2011PTC081986 , India, Active | Aug 19, 2011 | 0 - ₹10 Cr (As on Mar 31, 2025) | 38 (As on Mar 31, 2024) |
ProtoMinds's acquisition details
ProtoMinds got acquired by Xalles on Feb 04, 2021.
Click here to take a look at ProtoMinds's acquisition in detail
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ProtoMinds's funding and investors
ProtoMinds has not raised any funding rounds yet.
ProtoMinds' founders and board of directors
Founder? Claim ProfileHere are the details of ProtoMinds' key team members:
- Shri Raju: Co-Founder & CEO of ProtoMinds. Contact Info: 1 email address
- Venki Kumar: Former Co-Founder of ProtoMinds. Contact Info: 1 email address
View details of ProtoMinds's Founder profiles and Board Members
ProtoMinds' employee count trend
ProtoMinds has 55 employees as of Sep 26. Here is ProtoMinds's employee count trend over the years:
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ProtoMinds's Competitors and alternates
Top competitors of ProtoMinds include EXIGER, OnFinance AI and Symphony. Here is the list of Top 10 competitors of ProtoMinds, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  EXIGER 2013, New York City (United States), Acquired | Provider of supply chain risk management and compliance software solutions | $80M | 71/100 | |
2nd | OnFinance AI 2023, Bengaluru (India), Seed | Developer of artificial intelligence agents for automated regulatory compliance management | $5.25M | 68/100 | |
3rd |  Symphony 2014, New York City (United States), Series E | Compliance management solutions for financial institutions | $461M | 65/100 | |
4th |  Truv 2020, Miami (United States), Acquired | Cloud-based platform for employee background verification | $28.5M | 65/100 | |
5th | MediSpend 1999, Portsmouth (United States), Acquired | Compliance management software for spend analytics in life sciences industry | - | 64/100 | |
6th | FundApps 2010, London (United Kingdom), Series A | Provider of automated software for regulatory compliance monitoring and reporting | - | 62/100 | |
7th | RegEd 1994, Morrisville (United States), Acquired | Compliance management solutions for financial institutions | $1.65M | 58/100 | |
8th | AI based KYC management platform for businesses | $17.7M | 58/100 | ||
9th |  Basis Theory 2020, Mill Valley (United States), Series B | Platform offering app monetization solution | $50M | 57/100 | |
10th | Dasseti 2018, New York City (United States), Acquired | Due diligence software for investment industry professionals | $11.8M | 57/100 | |
39th | ProtoMinds 2015, Milpitas (United States), Acquired | Data monitoring & compliance solutions | - | - | 40/100 |
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Financials of ProtoMindsFY 25 Available
PROTOMINDS SOFTWARE SOLUTIONS PRIVATE LIMITED, the legal entity associated with ProtoMinds, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of PROTOMINDS SOFTWARE SOLUTIONS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 27% in the last 1 year.
Financial Statement Summary
Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
Income Statement | |||||
Revenue | 8963 | 1484 | 4744 | 3025 | 5417 |
Total Sales | 8494 | 3439 | 5657 | 9152 | 7847 |
Total Expenses | 3562 | 5010 | 7796 | 8805 | 9057 |
Operating Expenses | 8030 | 3441 | 7619 | 5290 | 8537 |
Employee Expenses | 4627 | 1940 | 3869 | 6718 | 3675 |
Operating Income (EBIT) | 2868 | 3532 | 3166 | 8778 | 5418 |
Interest Expenses | 8955 | 8605 | 7886 | 6648 | 6534 |
Expenses from other activities | 3115 | 4175 | 7983 | 5929 | 7664 |
EBITDA | 8237 | 1006 | 5310 | 7387 | 5227 |
Taxes | 1365 | 7453 | 6036 | 5791 | 3494 |
Net Profit | 3248 | 2223 | 8580 | 2556 | 5318 |
Balance Sheet | |||||
Assets | 5478 | 5882 | 9532 | 6513 | 2734 |
Accounts Receivables | 1143 | 3164 | 9269 | 6199 | 7176 |
Inventory | 1095 | 2389 | 8399 | 2987 | 5656 |
Liabilities | 5195 | 5126 | 6498 | 4928 | 9511 |
Total Debt | 1990 | 6171 | 9211 | 3850 | 5886 |
Accounts Payable | 5688 | 1084 | 2592 | 8416 | 2870 |
Equities | 3190 | 2811 | 2054 | 8311 | 2793 |
Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)
ProtoMinds's Investments and acquisitions
ProtoMinds has made no investments or acquisitions yet.
Reports related to ProtoMinds
Here is the latest report on ProtoMinds's sector:
News related to ProtoMinds
•
Xalles Holdings to Expand Financial Accounting Compliance Automation & Risk Management Solutions with Protominds AcquisitionGlobeNewswire•Feb 04, 2021•Xalles, ProtoMinds
•
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