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.

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, Vortex Engineering has 342 employees, reflecting a 10% year-over-year growth in headcount.

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. This marks a decline of 48% from its peak valuation of ₹100Cr in Jun, 2007. This marks a decline of 48% from its peak valuation of ₹100Cr in Jun, 2007.

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. Its primary sector is Banking Tech. In India, the Banking Tech sector has seen $94.4M in funding in 2026 to date.

What is the annual revenue of Vortex Engineering?

Annual revenue of Vortex Engineering is ₹66.9Cr 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 ATMeye, Salzburger Banken Software 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

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 5 active competitors, including 1 that is funded. Its top competitors include companies like ATMeye, Salzburger Banken Software and Trusted Security.

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

₹66.9Cr as on Mar 31, 2025

Employee Count

342 as on Aug 31, 2025

Similar Companies

ATMeye & 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	$7.91M (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	1355448	Series D	9068174	9883939	5149242	2443124
Feb 21, 2018	4983542	Series D	3137256	8180633	6532705	9599559
Feb 21, 2011	6373565	Series A	2021349	5188322	Aavishkaar Capital & 1 more	Oasis Capital & 4 more

Access funding benchmarks and valuations. Sign up today!

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.
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
bpocozl	Team	-	Past	3y 3m
{huadio	Team	-	Current	7y 2m
Vineet Chadha	Investor	Tata Capital	Current	14y 4m
Jugnu Pati	Investor	IFC	Current	7y 6m
pdletbj	Independent board member	-	Past	9y 8m
iwrxqpc	Independent board member	-	Past	8y 9m
fzkw{oe	Independent board member	-	Past	4y 8m
grwzrq{	Independent board member	-	Past	5y 7m

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

Uncover Vortex Engineering's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Vortex Engineering include ATMeye, Salzburger Banken Software 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, Bamboo Capital Partners & 17 others	56/100
2nd	ATMeye 2008, Vilnius (Lithuania), Unfunded	Provider of ATM security and dispute resolution software	-	-	25/100
3rd	Salzburger Banken Software 1988, Salzburg (Austria), Unfunded	Core banking software platform	-	-	22/100
4th	Trusted Security 1998, Harrisburg (United States), Unfunded	Provider of ATM key management and PCI PIN compliance solutions	-	-	16/100
5th	Tech-Hike Kadi (India), Unfunded	Developer of cardless ATM technology utilizing biometric authentication for secure access	-	-	16/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Vortex Engineering's competitors? Click here to see the top ones

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	4	7	2	3
Kannan Lakshminarayan	2	1	2	3	7	5
Fund	66.79%	35.2Cr	2096317	1758264	3629240	6499655
Aavishkaar Capital	2372722	7349421	8004167	4116297	1724225	5186695
Tata Capital	6223045	8092085	2726964	8755671	6121524	3305238
Oasis Capital	9614355	2653141	3118387	2126499	7024405	2892231
Ventureast	4	6	3	6	1	5
Enterprise	14.95%	7.88Cr	1592275	5624591	7920885	6313237
Angel	15.43%	8.13Cr	9479971	1529019	6758018	5644180
Dinesh Nandwana	7137213	8787753	2067279	1871057	5008831	1523032
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	7	6	3	6
Total	100.00%	52.7Cr	6746121	8315595	3963801	9323851