Company Intelligence Profile
Cyllid Technologies Private Limited
Cyllid Technologies Pvt Ltd is the Bangalore-registered entity behind Skit.ai, an agentic AI platform for automating debt-collection conversations across voice, SMS, email and chat.
Last updated 4 August 2026
Cyllid Technologies Private Limited, incorporated in Bangalore in October 2016, operates the Skit.ai platform, an agentic AI solution for automating debt-collection conversations across voice, SMS, email, and chat. The company reported revenue of Rs 43.52 crore in FY2025, with no registered charges on record. Skit.ai has raised approximately $47.6 million in funding, including a $23 million Series B led by WestBridge Capital in 2021.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Cyllid Technologies Private Limited |
|---|---|
| CIN | U72900KA2016PTC096928 |
| PAN | AAGCC6749K |
| Status | Active |
| Listing | Not listed (unlisted private limited company; no stock exchange listing found) |
| Incorporated | 04 October 2016 |
| ROC | Registrar of Companies, Karnataka |
| Sector (NIC) | Computer Related Services — "design and development services of software applications including customized and packaged software" |
| Registered address |
|
| Authorized capital | ₹21.8 lakh |
| Paid-up capital | ₹12.47 lakh |
Business Overview
- Cyllid Technologies Private Limited is the Indian corporate entity behind the brand "Skit.ai" (formerly known as Vernacular.ai, rebranded ~2021)
- Registered business activity per Tofler: "Computer Related Services" — design and development of software applications (customized and packaged software)
- Per the company's own site (skit.ai) and thecompanycheck's brand tag, the product is an AI-native, agentic conversational AI platform originally built for voice/customer-conversation automation and today focused on AI-powered debt-collection automation (collections/recovery calls, SMS, email, chat) with claimed regulatory-compliance features (FDCPA/TCPA/Reg F)
- Skit.ai states "one billion conversations" processed, "$1B+ in accounts resolved," partnerships with "53,000+ creditors across 19+ debt types," and ~8 years of live deployments; founded 2016, pivoted to collections focus in 2019
- Company is DPIIT-recognised as a Startup
- Note: Skit.ai also operates a separate US entity, "Skit.ai USA Inc.," per the company's own about page — Cyllid Technologies Pvt Ltd is understood to be the India operating/holding entity; the exact legal relationship between the two entities was not independently confirmed from a registry filing
Directors
Six directors listed consistently across Tofler and thecompanycheck (as of their latest snapshot dates, mid-2026):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Sourabh Gupta | 07630017 | Director & Co-founder & CEO | - |
| Akshay Deshraj | 07369209 | Director & Co-founder & CTO | - |
| Ashish Gupta | 00521511 | Director | - |
| Vani Kola | 01827653 | Managing Director | - |
| Sashi Parvatha Reddi | 00658791 | Nominee Director | - |
| Rajiv Kuchhal | 02257381 | Nominee Director | - |
GSTIN
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29AAGCC6749K1Z1 | Karnataka | AAGCC6749K (Tofler) | - |
Primary GSTIN: 29AAGCC6749K1Z1 (Karnataka, state code 29) — sourced via aggregated GST-lookup search snippet referencing knowyourgst-style data; NOT independently opened on a dedicated GSTIN detail page (attempts to open direct knowyourgst/mastersindia GSTIN pages returned 404/500 errors), so treat as partial/unconfirmed pending a primary GSTIN-page check. PAN: AAGCC6749K (confirmed, 2 sources: Tofler + thecompanycheck). Home state: Karnataka (registered office state). Number of GST registrations: only one (Karnataka) identified; not confirmed as exhaustive — company could have additional state registrations not surfaced. GST status: "Regular" taxpayer per aggregated snippet; not independently verified on a GSTIN portal page.
Financials
Two independent sources give overlapping but not identical figures — flagged as a source conflict:
- Tofler (FY2024, year ended Mar-2024): Revenue range "₹25–50 crore" band, with Total Revenue growth of 95.77% YoY, Networth growth 274.72% YoY, Total Assets growth 202.69% YoY. Exact EBITDA/PAT/net worth/borrowings figures are locked behind "Tofler Pro" paywall — not obtained.
- thecompanycheck (FY2025, year ended Mar-2025): Revenue ₹43.52 crore, +12% YoY growth. EBITDA and Net Profit "locked (premium access required)." Employee count 117 (as of Apr 2024).
Basis: appears to be standalone (India entity) financials; not explicitly labeled standalone vs consolidated by either source — treat as standalone/unconfirmed on that point. Borrowings: "No registered charges" reported by both Tofler and thecompanycheck (see charges section) — consistent with negligible/no long-term debt on record. Net worth and PAT in absolute rupee terms: not obtained (paywalled on both platforms).
Funding
Aggregated from a multi-source search under the brand names "Vernacular.ai"/"Skit.ai" — NOT independently opened on a single primary source page, so confidence is moderate, not "confirmed":
- Total funding cited: ~$47.6 million across 5 rounds from ~86 investors.
- Series B: ~September 2021, $23 million, led by WestBridge Capital; participants reported as Kalaari Capital, Exfinity Ventures, and an AngelList syndicate.
- Series A: reported ~$5.1 million.
- A further/latest round: reported ~May 24, 2023, $16.7 million.
- Other investors named in aggregate snippets: SRI Capital.
Per task rules, Tracxn is usable only for round names — treat the specific dollar figures above as indicative/partial pending confirmation from a primary Tracxn/Crunchbase page. nominee directors on the Cyllid Technologies board (Vani Kola, Sashi Parvatha Reddi, Rajiv Kuchhal) are consistent with typical VC board-seat patterns matching some of the investor names above, but no primary source directly ties a specific nominee director to a specific fund in this fetch — flagged as an inference, not a confirmed fact.
Charges/Loans
- No registered charges found
- Both Tofler ("no registered charges" per available records) and thecompanycheck ("Charges/Borrowings: None registered") independently report the same
Competitors
- TrueAccord (US) — established AI-driven consumer debt recovery platform, larger/more mature scale.
- Prodigal (US/India-founded, YC-backed) — AI platform for collections agent-assist and QA; direct comparable scale, actively markets head-to-head comparisons against Skit.ai.
- Katabat (US/UK) — collections software provider, comparable enterprise-scale peer.
- Domu AI — smaller/newer AI collections automation entrant.
- AInora — smaller/newer AI debt-collection platform.
Scale tags are rough/qualitative only; no verified revenue or funding comparison was obtained for these peers in this session.
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