SOAIS - About the company
SOAIS is a seed company based in Bengaluru (India), founded in 2006 by Muru Manickam and Ravi Ayyalaraju. It operates as a Cloud services related to application development and support. SOAIS has raised $580K in funding, with a current valuation of ₹*****. The company has 916 active competitors, including 18 funded and 56 that have exited. Its top competitors include companies like Logigear, AlgoShack and QualiTest.
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
Post Money Valuation
₹***** as on Sep 02, 2010
Investors
Ranked
15th among 916 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
179 as on Aug 31, 2025
Legal entities associated with SOAIS
SOAIS is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
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) |
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SOAIS's funding and investors
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 | 4800989 | Angel | 5654169 | 7539136 | 2768845 | 4169932 |
Jan 12, 2009 | 3816879 | Angel | 2094655 | 9398804 | 7367368 | |
Jan 12, 2007 | 6326284 | Seed | 3222335 | 7615131 |
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SOAIS's founders and board of directors
Founder? Claim ProfileThe founders of SOAIS are Muru Manickam and Ravi Ayyalaraju.
Here are the details of SOAIS's key team members:
- Muru Manickam: 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 Muru Manickam are part of team.Here is the list of SOAIS's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 20y 6m | |
axdaobx | Team | - | Past | 3y 1m |
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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SOAIS's Competitors and alternates
Top competitors of SOAIS include Logigear, AlgoShack and QualiTest. Here is the list of Top 10 competitors of SOAIS, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Logigear 1994, San Mateo (United States), Series A | Provider of software testing services | $4.73M | - | 52/100 |
2nd | Provider of software testing services | $80K | - | 51/100 | |
3rd |  QualiTest 1997, London (United Kingdom), Acquired | Provider of software testing services | $137M | 50/100 | |
4th | 2i Testing 2005, Edinburgh (United Kingdom), Seed | Provider of software testing services | - | 49/100 | |
5th | Cigniti 1998, Irving (United States), Acquired | Provider of digital assurance and engineering services for various industries | - | 49/100 | |
6th | Software testing services | - | - | 49/100 | |
7th | Testhouse 2000, London (United Kingdom), Acquired | IT consulting & testing services | - | - | 48/100 |
8th | App Labs 2001, Philadelphia (United States), Acquired | Provider of software testing services | $32.6M | 47/100 | |
9th | TestingXperts 1996, London (United Kingdom), Unfunded | QA & software testing services | - | - | 47/100 |
10th |  a1qa 2003, Decatur (United States), Unfunded | Provider of software testing and quality engineering services | - | - | 47/100 |
15th | Cloud services related to application development and support | $580K | 44/100 |
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Financials of SOAISFY 25 Available
SOA IT SOLUTIONS PRIVATE LIMITED, the legal entity associated with SOAIS, generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2025.
Financial Statement Summary
Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
Income Statement | |||||
Revenue | 4293 | 1230 | 2763 | 4072 | 3382 |
Total Sales | 2502 | 4857 | 1095 | 3238 | 4333 |
Total Expenses | 5865 | 5427 | 9258 | 6192 | 6589 |
Operating Expenses | 4217 | 3210 | 6746 | 4518 | 9859 |
Employee Expenses | 4174 | 6586 | 3237 | 8699 | 6674 |
Operating Income (EBIT) | 9601 | 3516 | 9782 | 4230 | 1235 |
Interest Expenses | 2855 | 5987 | 3920 | 4403 | 9659 |
Expenses from other activities | 5164 | 9069 | 6894 | 5712 | 3881 |
EBITDA | 8605 | 1859 | 5929 | 9832 | 4000 |
Taxes | 4970 | 1699 | 1297 | 6126 | 9586 |
Net Profit | 1305 | 1059 | 7340 | 5525 | 8249 |
Balance Sheet | |||||
Assets | 2334 | 8992 | 2846 | 3750 | 1238 |
Accounts Receivables | 8841 | 5384 | 3762 | 7625 | 5851 |
Inventory | 1788 | 2878 | 8273 | 5807 | 5352 |
Liabilities | 6092 | 2016 | 9220 | 8944 | 6195 |
Total Debt | 8610 | 6968 | 2434 | 7164 | 5594 |
Accounts Payable | 8102 | 5919 | 3701 | 2032 | 8844 |
Equities | 9786 | 6425 | 3307 | 9552 | 8499 |
Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)
SOAIS's Investments and acquisitions
SOAIS has made no investments or acquisitions yet.
Reports related to SOAIS
Here is the latest report on SOAIS's sector:
News related to SOAIS
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