When was SOAIS founded?

SOAIS was founded in 2006 and raised its 1st funding round 1 year after it was founded.

Where is SOAIS located?

SOAIS is headquartered in Bengaluru, India. It is registered at Unit 9, Level 5, Navigator, IT Park Whitefield Road, Bangalore, Bangalore, Karnataka, India, 560066.

Which legal entities is SOAIS associated with?

SOAIS is associated with SOA IT SOLUTIONS PRIVATE LIMITED.

How many employees does SOAIS have?

As of Aug 31, 2025, the latest employee count at SOAIS is 179.

Is SOAIS a funded company?

SOAIS is a funded company, having raised a total of $580K across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 12, 2007.

How much is SOAIS worth?

The latest valuation of SOAIS is ₹***** as of Sep 02, 2010.

When was the latest funding round of SOAIS?

SOAIS's latest funding was a $***** Angel round on Mar 25, 2010, with participation from 7 investors.

What is the annual revenue of SOAIS?

Annual revenue of SOAIS is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does SOAIS rank among its competitors?

SOAIS ranks 11th amongst 793 active competitors, of which 18 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Cigniti, which secured an undisclosed amount in Jul, 2024.

Who are the top competitors of SOAIS?

SOAIS's top competitors include AlgoShack, Testhouse and TestingXperts. Among them, Cigniti secured the most recent funding round in July, 2024.

SOAIS - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

SOAIS provides cloud-support services for enterprises. The services include the implementation of Oracle Cloud, development of PaaS solutions with the help of Oracle Cloud, and providing support for the cloud-based applications. Apart from this, it also provides services for the automation of tests and advisory related to the roadmap for cloud transformation in enterprises. Clients include Medtronic, Concentrix, eBay and Mphasis.

Website: soais.com
Social
Email ID: *****@soais.com
Phone Number: +91 **********
Registered Address: Unit 9, Level 5, Navigator, IT Park Whitefield Road, Bangalore, Bangalore, Karnataka, India, 560066

Key Metrics

Founded Year

2006

Location

Bengaluru, India

Stage

Seed

Total Funding

$580K in 3 rounds

Latest Funding Round

Angel, Mar 25, 2010, $*****

Post Money Valuation

₹***** as on Sep 02, 2010

Investors

Ravichandran Nagamanikkam & 28 more

Ranked

11^th among 793 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

179 as on Aug 31, 2025

Similar Companies

AlgoShack & 1085 more

View SOAIS's full profile

SOAIS is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SOA IT SOLUTIONS PRIVATE LIMITED CIN: U72200KA2006PTC039204 , India, Active	May 02, 2006	₹10 - ₹50 Cr (As on Mar 31, 2025)	179 (As on Aug 31, 2025)

SOAIS has raised a total funding of $580K over 3 rounds. Its first funding round was on Jan 12, 2007. Its latest funding round was a Angel round on Mar 25, 2010 for $*****. 7 investors participated in its latest round. SOAIS has 2 institutional investors and 27 angel investors.

Here is the list of recent funding rounds of SOAIS:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 25, 2010	1368617	Angel	1021827	3970887	8112628	5451169
Jan 12, 2009	5750448	Angel	2308915	8162125	5895976	Vivek Sanghi
Jan 12, 2007	3395507	Seed	7720684	5243257	Jamunarani Ramraj	Raj Manickam & 15 more

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View details of SOAIS's funding rounds and investors

The founders of SOAIS are Nimish Sanghi, Murugappan Nagamanikkam and Ravi Ayyalaraju.

Here are the details of SOAIS's key team members:

Nimish Sanghi: Founder and Board Member of SOAIS and founder of 3 other companies, Paybooks | A Transperfect Company, Cloudcraftz and ZipperHQ. They are also an angel investor in 4 startups and serve on the boards of 2 companies.
Contact Info: 1 phone number
Murugappan Nagamanikkam: Co-Founder of SOAIS. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address
Ravi Ayyalaraju: Co-Founder of SOAIS.
Contact Info: 1 email address

SOAIS's Board of Directors

SOAIS's board has 2 active members. Nimish Sanghi and Murugappan Nagamanikkam are part of team.

Here is the list of SOAIS's board of directors:

Name	Type	Representing	Status	Duration
Nimish Sanghi	Team	-	Current	20y 4m
{ykeget	Team	-	Past	4y 9m

View details of SOAIS's Founder profiles and Board Members

SOAIS's employee count trend

SOAIS has 179 employees as of Aug 25. The total employee count is 9.0% more than what it was in Aug 24. Here is SOAIS's employee count trend over the years:

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Top competitors of SOAIS include AlgoShack, Testhouse and TestingXperts. Here is the list of Top 10 competitors of SOAIS, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	AlgoShack 2018, Bengaluru (India), Seed	Provider of software testing services	$80K	-	51/100
2nd	Testhouse 2000, London (United Kingdom), Acquired	IT consulting & testing services	-	-	48/100
3rd	TestingXperts 1996, London (United Kingdom), Unfunded	QA & software testing services	-	-	47/100
4th	App Labs 2001, Philadelphia (United States), Acquired	Provider of software testing services	$32.6M	WestBridge Capital, SVB & 31 others	47/100
5th	QualiTest 1997, London (United Kingdom), Acquired	Provider of software testing services	$137M	Apax, Kedma Capital & 2 others	47/100
6th	QualiTlabs 2013, Hyderabad (India), Unfunded	Quality assurance and testing services provider that provides software testing techniques to ensure digital experiences across various digital platforms	-	-	46/100
7th	Cigniti 1998, Irving (United States), Acquired	Provider of digital assurance and engineering services for various industries	-	ICICI Prudential Asset Management Company	45/100
8th	JDS 2003, Melbourne (Australia), Acquired	Software testing services	-	-	45/100
9th	TenXLabs 2010, Hyderabad (India), Acquired	Software testing services	-	-	45/100
10th	Exactpro 2009, San Rafael (United States), Unfunded	AI-enabled software testing for financial sector organizations	-	-	45/100
11th	SOAIS 2006, Bengaluru (India), Seed	Cloud services related to application development and support	$580K	Muruganconsultants & 28 others	45/100

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Founders own 11.14%, Enterprises own 2.81%, Angels own 36.42% and Other People (largest shareholder) own 49.26%. The net worth of SOAIS's founders is INR 37.7L as of Sep 02, 2010.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	11.14%	37.7L	2198751	5559121	7219401	5095639
Nimish Sanghi	2518568	9754883	4923014	3964292	7463935	7918181
Enterprise	2.81%	9.5L	55	39	91	48
Angel	36.42%	1.23Cr	7020684	8090697	4546540	3780885
Gururaja Upendra .	397	720	979	141	663	833
Ravichandran Nagamanikkam	78	52	82	96	39	93
Jamunarani Ramraj	16	33	53	36	61	12
Raj Manickam	49	65	60	87	76	71
Other People	49.26%	1.67Cr	7574937	3854256	5051798	5886777
Total	99.63%	3.37Cr	1773264	9213991	1527272	4146053