When was Vortex Engineering founded?

Vortex Engineering was founded in 2001 and raised its 1st funding round 6 years after it was founded.

Where is Vortex Engineering located?

Vortex Engineering is headquartered in Chennai, India. It is registered at Module No.6B, Sixth Floor,IIT Madras Research Park Kanagam Road, Taramani, Chennai, Tamil Nadu, India, 600113.

Who is the current CEO of Vortex Engineering?

Sathyan Gopalan of Vortex Engineering. They are also an angel investors in 1 startup.

Which legal entities is Vortex Engineering associated with?

Vortex Engineering is associated with VORTEX ENGINEERING PRIVATE LIMITED.

How many employees does Vortex Engineering have?

As of Aug 31, 2025, the latest employee count at Vortex Engineering is 342.

Is Vortex Engineering a funded company?

Vortex Engineering is a funded company, having raised a total of $24M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 06, 2007.

How much is Vortex Engineering worth?

The latest valuation of Vortex Engineering is ₹***** as of Oct 01, 2024.

When was the latest funding round of Vortex Engineering?

Vortex Engineering's latest funding was a $***** Series D round on Dec 18, 2023, with participation from 2 investors.

What is the annual revenue of Vortex Engineering?

Annual revenue of Vortex Engineering is between ₹50 Cr and ₹100 Cr as on Mar 31, 2025

Where does Vortex Engineering rank among its competitors?

Vortex Engineering ranks 1st amongst 5 active competitors, only 1 of which is funded., of which only Vortex Engineering is funded and secured an undisclosed amount in Dec, 2023.

Who are the top competitors of Vortex Engineering?

Vortex Engineering's top competitors include Salzburger Banken Software, ATMeye and Trusted Security. Among them, Vortex Engineering secured the most recent funding round in December, 2023.

Vortex Engineering - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Manufacturer of ATM. It provides users with a company that designs and manufactures self-service transaction systems, including ATMs, catering to banks and financial institutions. They are recognized for pioneering low-power and solar-powered ATMs. It also provides comprehensive monitoring and incident management solutions for ATMs across different vendors.

Website: www.vortexindia.co.in/
Social
Email ID: *****@vortexindia.co.in
Phone Number: +91 **********
Registered Address: Module No.6B, Sixth Floor,IIT Madras Research Park Kanagam Road, Taramani, Chennai, Tamil Nadu, India, 600113

Key Metrics

Founded Year

2001

Location

Chennai, India

Stage

Series D

Total Funding

$24M in 7 rounds

Latest Funding Round

Series D, Dec 18, 2023, $*****

Post Money Valuation

₹***** as on Oct 01, 2024

Investors

Aavishkaar Capital & 18 more

Ranked

1^st among 5 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2025

Employee Count

342 as on Aug 31, 2025

Similar Companies

Salzburger Banken Software & 3 more

View Vortex Engineering's full profile

Vortex Engineering is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VORTEX ENGINEERING PRIVATE LIMITED CIN: U29262TN2001PTC046779 , India, Active	Mar 12, 2001	₹50 - ₹100 Cr (As on Mar 31, 2025)	342 (As on Aug 31, 2025)

Vortex Engineering has raised a total funding of $24M over 7 rounds. Its first funding round was on Jun 06, 2007. Its latest funding round was a Series D round on Dec 18, 2023 for $*****. 2 investors participated in its latest round. Vortex Engineering has 9 institutional investors and 10 angel investors.

Here is the list of recent funding rounds of Vortex Engineering:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 18, 2023	8204608	Series D	4255452	8740537	6540884	2317044
Feb 21, 2018	3133797	Series D	4492467	5264388	3182803	6289882
Feb 21, 2011	9777947	Series A	6752339	1729770	Aavishkaar Capital & 1 more	Oasis Capital & 4 more

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View details of Vortex Engineering's funding rounds and investors

The founders of Vortex Engineering is Kannan Lakshminarayan. Sathyan Gopalan is the CEO of Vortex Engineering.

Here are the details of Vortex Engineering's key team members:

Kannan Lakshminarayan: Founder of Vortex Engineering and founder of 4 other companies, including Motorz, Skillveri and Microspin Machine Works. They serve on the boards of 4 companies.
Sathyan Gopalan: CEO of Vortex Engineering. They are also an angel investor in 1 startup.
Contact Info: 1 email address

Vortex Engineering's Board of Directors

Vortex Engineering's board has 4 active members. Kannan Lakshminarayan, Vineet Chadha, Jugnu Pati and Ponnath Gopalan Sathyan are part of team.

Here is the list of Vortex Engineering's board of directors:

Name	Type	Representing	Status	Duration
uhvnrlg	Team	-	Past	4y 6m
emzogqz	Team	-	Current	5y 6m
Vineet Chadha	Investor	Tata Capital	Current	14y 8m
Jugnu Pati	Investor	IFC	Current	7y 10m
zucajll	Independent board member	-	Past	7y 6m
vpbxzcd	Independent board member	-	Past	5y 2m
lyq{kg{	Independent board member	-	Past	6y 4m
w{klzmu	Independent board member	-	Past	1y 9m

View details of Vortex Engineering's Founder profiles and Board Members

Vortex Engineering's employee count trend

Vortex Engineering has 342 employees as of Aug 25. The total employee count is 9.0% more than what it was in Aug 24. Here is Vortex Engineering's employee count trend over the years:

Employee count trend for Vortex Engineering

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Top competitors of Vortex Engineering include Salzburger Banken Software, ATMeye and Trusted Security. Here is the list of Top 10 competitors of Vortex Engineering, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Vortex Engineering 2001, Chennai (India), Series D	Manufacturer of ATM	$24M	IFC, Tata Capital & 17 others	56/100
2nd	Salzburger Banken Software 1988, Salzburg (Austria), Unfunded	Core banking software platform	-	-	29/100
3rd	ATMeye 2008, Vilnius (Lithuania), Unfunded	Provider of ATM security and dispute resolution software	-	-	25/100
4th	Trusted Security 1998, Harrisburg (United States), Unfunded	Provider of ATM key management and PCI PIN compliance solutions	-	-	20/100
5th	Tech-Hike Kadi (India), Unfunded	Developer of cardless ATM technology utilizing biometric authentication for secure access	-	-	16/100

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Founders own 1.05%, Funds (largest shareholder) own 66.79%, Enterprises own 14.95% and Angels own 15.43%. The net worth of Vortex Engineering's founders is INR 55.5L as of Oct 01, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	1.05%	55.5L	7	8	1	1
Kannan Lakshminarayan	1	7	1	5	7	3
Fund	66.79%	35.2Cr	1072088	3670516	7095553	6848903
Aavishkaar Capital	3791381	8333727	2891046	8837347	8130231	8348695
Tata Capital	3725767	1753644	2051192	9933436	1964597	7088589
Oasis Capital	3412227	6491973	8455767	6287302	1785499	9416641
Ventureast	7	6	7	8	4	8
Enterprise	14.95%	7.88Cr	5594866	9298429	9945395	6831577
Angel	15.43%	8.13Cr	8344788	6404224	4702162	7984977
Dinesh Nandwana	7792620	8935136	3011105	2097460	9730744	5553777
Raymond Stuart Stata	0	0	0	0	0	0
Other People	0.10%	5.14L	0	0	0	0
ESOP Pool	1.70%	89.4L	5	3	3	7
Total	100.00%	52.7Cr	4525776	3543951	9165858	3246556