Vortex Engineering - About the company
Vortex Engineering is a series D company based in Chennai (India), founded in 2001 by Kannan Lakshminarayan. It operates as a Manufacturer of ATM. Vortex Engineering has raised $24M in funding from investors like Aavishkaar Capital, Tata Capital and Vakrangee, with a current valuation of ₹*****. The company has 54 active competitors, including 3 funded and 10 that have exited. Its top competitors include companies like Electronic Payment and Services, NCR Atleos and ESQ Data Solutions.
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
Post Money Valuation
₹***** as on Oct 01, 2024
Investors
Ranked
2nd among 54 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
342 as on Aug 31, 2025
Similar Companies
Legal entities associated with Vortex Engineering
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) |
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Vortex Engineering's funding and investors
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
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 18, 2023 | 4056065 | Series D | 6324734 | 8752161 | 9934744 | 8705826 |
Feb 21, 2018 | 5815264 | Series D | 5800252 | 4478773 | 7996708 | 9254115 |
Feb 21, 2011 | 1048031 | Series A | 6546965 | 7463100 |
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Vortex Engineering's founders and board of directors
Founder? Claim ProfileThe 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 |
|---|---|---|---|---|
javwudr | Team | - | Past | 7y 5m |
bgxh{cu | Team | - | Current | 5y 6m |
Investor | Tata Capital | Current | 14y 8m | |
Investor | IFC | Current | 7y 10m | |
omowu{g | Independent board member | - | Past | 8y 4m |
rhlxiep | Independent board member | - | Past | 4y 9m |
sga{ntn | Independent board member | - | Past | 3y 7m |
dzukcfp | Independent board member | - | Past | 5y 8m |
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:
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Vortex Engineering's Competitors and alternates
Top competitors of Vortex Engineering include Electronic Payment and Services, NCR Atleos and ESQ Data Solutions. Here is the list of Top 10 competitors of Vortex Engineering, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Electronic Payment and Services 2011, Mumbai (India), Series C | Provider of end-to-end ATM outsourcing, digital payment, and platform solutions | $43.7M | 61/100 | |
2nd | Vortex Engineering 2001, Chennai (India), Series D | Manufacturer of ATM | $24M | 56/100 | |
3rd |  NCR Atleos 2023, Atlanta (United States), Acquired | ATM management platform for financial institutions | - | - | 56/100 |
4th |  ESQ Data Solutions 1989, Cupertino (United States), Acquired | Enterprise ATM management solutions provider, optimizing banking operations with data-driven insights | - | - | 47/100 |
5th |  Clip Money 2018, Toronto (Canada), Public | Provider of alternative cash deposit solutions | - | 47/100 | |
6th | App-based platform for cash withdrawal | $12.4M | 43/100 | ||
7th |  Columbus Data Services 1999, Frisco (United States), Acquired | Platform offering ATM management solutions to banks and financial institutions | - | - | 34/100 |
8th |  Theexchangenetwork Canada, Unfunded | Network of surcharge-free ATMs providing withdrawals, deposits, and PIN changes | - | - | 31/100 |
9th |  Salzburger Banken Software 1988, Salzburg (Austria), Unfunded | Core banking software platform | - | - | 29/100 |
10th | Software for ATM management | - | - | 28/100 |
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Vortex Engineering's Latest cap tables and shareholding
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 | 5 | 3 | 8 | 5 |
3 | 8 | 5 | 5 | 2 | 4 | |
Fund | 66.79% | 35.2Cr | 2748799 | 3640864 | 4917636 | 3998184 |
3762409 | 7615860 | 1652300 | 6788806 | 7218115 | 4242879 | |
3156128 | 5056014 | 7433579 | 4385014 | 3657435 | 5589474 | |
9292636 | 4494185 | 9776567 | 3241538 | 1866015 | 6819823 | |
2 | 6 | 6 | 8 | 4 | 7 | |
Enterprise | 14.95% | 7.88Cr | 8269170 | 7338645 | 8597345 | 8862443 |
Angel | 15.43% | 8.13Cr | 9889687 | 8916366 | 8510254 | 1919962 |
9045230 | 5687924 | 6235037 | 9004316 | 4766887 | 6504788 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 0.10% | 5.14L | 0 | 0 | 0 | 0 |
ESOP Pool | 1.70% | 89.4L | 7 | 5 | 6 | 7 |
Total | 100.00% | 52.7Cr | 4388070 | 1806051 | 8535020 | 2173155 |
To unlock detailed Cap Table of Vortex Engineering Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Vortex Engineering's Shareholding
Vortex Engineering's Investments and acquisitions
Vortex Engineering has made no investments or acquisitions yet.
Reports related to Vortex Engineering
Here is the latest report on Vortex Engineering's sector:
News related to Vortex Engineering
•
Vortex Engineering sees revenue spurt after $5 million fundingBusiness Standard•Feb 21, 2018•Vortex Engineering
•
Vortex Raises $7 Million In VC Funds From Tata Capitalsiliconindia•Vortex Engineering, Tata Capital, Aavishkaar Capital
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