Company Intelligence Profile
Nivaata Systems Private Limited
Nivaata Systems Pvt Ltd is a Bengaluru-based, venture-funded enterprise-mobility / location-intelligence company.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Nivaata Systems Private Limited |
|---|---|
| CIN | U72200KA2007PTC044465 |
| PAN | AACCN6409K (confirmed — matches PAN segment embedded in company GSTINs, e.g. 29AACCN6409K2Z4) |
| Status | Active |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 23 November 2007 |
| ROC | RoC Bangalore / Karnataka (sources render this as "Karnataka" (Tofler) and "Bangalore" (TheCompanyCheck) — same office, formatting variance) |
| 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 (Tofler + TheCompanyCheck) |
| Paid-up capital | Reported inconsistently: ₹9,09,570 / ₹9.1 Lakh (TheCompanyCheck, and corroborated elsewhere as ₹909,570) vs ₹15.3 Lakh (Tofler). Treat as partial — likely a stale figure on one side; ₹9.1 Lakh appears to be the more recent figure. |
Business Overview
Confirmed- 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
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Sriram Kannan | 01895791 | Whole-time Director, DIN 01895791 on board since incorporation, 23 Nov 2007 | - |
| Kavitha Ramachandragowda Avaragere | 03118363 | Whole-time Director, DIN 03118363 appointed 01 Nov 2012 | 01 Nov 2012 |
| Akhil Jain | 05343247 | Director/Additional Director, DIN 05343247 appointed 20 Aug 2025 Note: an unrelated web search snippet from a blocked/low-reliability source, Zaubacorp named "Ajay Malhotra, Naresh Somdatt Malhotra + 3 more" as directors; this conflicts with the two reliable sources above and was NOT used Zaubacorp is on the do-not-use list; flagged here only as a source conflict for awareness, not adopted. | 20 Aug 2025 |
GST Registrations
Partial / conflicting| 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
Partial / conflictingFY2025 (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 (EPFO count, Feb 2025, per TheCompanyCheck) Status: partial — top-line revenue confirmed by 2 sources; profitability/net-worth absolute figures not obtained.
Funding
Partial / conflictingTracked 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 (3 investors participating; round size/investor names not obtained from free-tier snippet)
- "Verayu": 1 Seed round, 12 Jan 2015 (amount undisclosed/not obtained)
Source: Tracxn (used only for round names/dates per instructions, not as primary financial source). Not obtained: full investor list, individual round sizes, valuation.
Charges / Borrowings
Partial / conflictingPer TheCompanyCheck (single source — partial):
| 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
ConfirmedEmployee-transportation-management / enterprise-mobility peers in India: 1. MoveInSync — Bengaluru, founded 2009; closest direct competitor (home-to-office cabs, shuttles, workplace transport software); similar/larger scale 2. Lithium Urban Technologies — Bengaluru; large-fleet corporate EV/employee transport provider; comparable-to-larger scale 3. Shuttl — Gurugram-origin shuttle/commute platform; comparable scale, broader consumer + enterprise commute focus 4. Volercars — corporate/enterprise transport-as-a-service provider; smaller-to-comparable scale 5. WheelsEye — logistics/fleet-digitization focus (adjacent, less direct overlap; larger logistics-fleet scale) Source: web search aggregation of Tracxn/CBInsights-indexed competitor listings for Routematic/MoveInSync.
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