Company Intelligence Profile
Nivaata Systems Private Limited
Nivaata Systems Pvt Ltd is a Bengaluru-based, venture-funded enterprise-mobility / location-intelligence company.
Last updated 6 August 2026
Nivaata Systems Private Limited is a Bengaluru-based company specializing in enterprise mobility and location intelligence, known for its cloud platform Verayu and AI-enabled transport management system, Routematic. In FY2025, the company reported revenue of approximately ₹178.5, 179 crore, marking 54, 62% year-on-year growth. It has raised around $47.1 million across 14 funding rounds.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Nivaata Systems Private Limited |
|---|---|
| CIN | U72200KA2007PTC044465 |
| PAN | AACCN6409K |
| Status | Active |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 23 November 2007 |
| ROC | RoC Bangalore / Karnataka |
| Sector (NIC) | Computer/IT-related services — application development & software solutions (NIC Section J); described elsewhere as "software publishing, consultancy and supply" |
| Registered address | AKEMPS, #28, 3rd Main, First Cross, Ejipura Inner Ring Road, Ashwini Layout, Koramangala, Bengaluru, Karnataka – 560047 |
| Authorized capital | ₹25,00,000 (₹25 Lakh) — confirmed |
| Paid-up capital |
|
Business Overview
- Nivaata Systems Pvt Ltd is a Bengaluru-based, venture-funded enterprise-mobility / location-intelligence company
- Its cloud platform "Verayu" provides location intelligence as a service, and its flagship product "Routematic" (founded 2013) is an AI-enabled Employee Transport Management System / Transport-as-a-Service used by 300+ corporates across 23+ Indian cities (automating routing, rostering, tracking, billing, safety/compliance)
- The company is also described as the legal entity behind the brands Routematic, Verayu, COCO Rides and Routematrics
- FY2025 revenue reported at ~₹178–179 Cr (~54–62% YoY growth)
- Source: Routematic.com (about page), Tofler, TheCompanyCheck
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Sriram Kannan | 01895791 | Whole-time Director | 23 Nov 2007 |
| Kavitha Ramachandragowda Avaragere | 03118363 | Whole-time Director | 01 Nov 2012 |
| Akhil Jain | 05343247 | Additional Director | - |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29AACCN6409K2Z4 | Karnataka | AACCN6409K (confirmed — matches PAN segment embedded in company GSTINs, e.g. 29AACCN6409K2Z4) | - |
| 27AACCN6409K1Z9 | Maharashtra | AACCN6409K (confirmed — matches PAN segment embedded in company GSTINs, e.g. 29AACCN6409K2Z4) | Active |
| 29AACCN6409K1Z5 | Karnataka | AACCN6409K (confirmed — matches PAN segment embedded in company GSTINs, e.g. 29AACCN6409K2Z4) | - |
Primary GSTIN (home state, Karnataka): 29AACCN6409K2Z4. Additional registration seen: 27AACCN6409K1Z9 (Maharashtra). Aggregator search (Jamku/GST lookup snippets) indicates 4 active GST registrations across 4 states total, all PAN AACCN6409K. One search snippet also surfaced "29AACCN6409K1Z5" for Karnataka, which conflicts with 29AACCN6409K2Z4 for the same state — likely one is stale/erroneous; could not confirm on an individual GSTIN detail page (knowyourgst.com and findgst.in pages did not return usable data on fetch). Status: partial — PAN and multi-state count reasonably confirmed, exact GSTIN string per state not independently re-verified on a dedicated GSTIN lookup page.
Financials
FY2025 (year ended 31 Mar 2025), per TheCompanyCheck / Tofler-linked search snippets:
| Revenue | ~₹178.5–179 Cr (up ~54–62% YoY) |
|---|---|
| EBITDA | not obtained (locked behind paid report) |
| PAT | not obtained in absolute terms; one source states "profit increased ~89.78% YoY" (percentage only, no base figure) |
| Net worth | not obtained in absolute terms; one source states "net worth increased ~51.22%" YoY (percentage only) |
| Borrowings | see Charges section below |
| Standalone/consolidated | not specified by sources (entity-level filing, presumed standalone) |
Employees: ~354 Status: partial — top-line revenue confirmed by 2 sources; profitability/net-worth absolute figures not obtained.
Funding
Tracked at the Nivaata Systems Pvt Ltd legal-entity level on Tracxn:
- "Routematic" (brand/product under this entity): total raised ~$47.1M across 14 rounds; latest round a Series C on 07 May 2025
- "Verayu": 1 Seed round, 12 Jan 2015
Tracxn. Not obtained: full investor list, individual round sizes, valuation.
Charges / Borrowings
| Open charges | ₹33 Cr total — SIDBI ₹15 Cr (opened 06 Jan 2025), Yes Bank Limited ₹10 Cr (opened 04 Feb 2025), Others ₹8 Cr (opened 21 Feb 2025) |
|---|---|
| Satisfied charges | ₹9.3 Cr total — HDFC Bank Limited ₹5 Cr (satisfied 23 Sep 2024); remaining ~₹4.3 Cr satisfied-charge lender not itemized in source |
Competitors
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