| Business Basics |
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| Company Name |
Ennovasys |
| Founded in |
2007 |
| Headquartered in |
Chennai |
| Company website/URL |
www.ennovasys.com |
| Industry |
IT/ Internet/ Software |
| Stage of the company |
Several customers or locations |
| Source of idea |
Replicated or modified an idea encountered through previous employment |
| Awards & honors |
None |
| Partnerships & Tie-ups |
Queralt LLC, Sun Micro Systems, Apple Computers Inc, IAITO, Confidex, RFCode
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| Business description |
Ennovasys is a software company providing real-time asset visibility across supply chain. Ennovasys uses RFID, GPS and Mobile technologies to provide this visibility. Ennovasys has created a Location based engine "Pista" which is the core for creating solutions for partners and customers. Once these solutions are created they are distributed by Ennovasys...> Read more.. |
Ennovasys is a software company providing real-time asset visibility across supply chain. Ennovasys uses RFID, GPS and Mobile technologies to provide this visibility. Ennovasys has created a Location based engine "Pista" which is the core for creating solutions for partners and customers. Once these solutions are created they are distributed by Ennovasys and partners to different geographic locations.
These solutions are offered in SAAS as well as license model.
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| How does the business make money? |
Ennovasys partners with solution providers and hardware providers to create business solutions that can be launched in the global market. Ennovasys receives royalty for every distribution. Ennovasys also offers these solutions in SAAS model.
Ennovasys has built few solutions for asset tracking, time and attendance, in-transit visibility with its partners. These solutions are being deployed at the customer sites. Ennovasys business model is highly scalable and profitable once deployed fully. |
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| Team information |
Uday Shankar - CEO
Balaji M - Architect
Deepak Kumar - Business Development Manager |
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| Competition |
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| Competitors |
InSync, Fluensee, Shipcom Wireless, Asset Pulse, Globe Ranger |
| How different is your product or service? It has... |
Substitutes that differ in price or value |
| In what way is your product or service different? |
1. We offer private labeling with partner logo for solutions we jointly develop.
2. We integrate RFID, GPS and Mobile technologies. This t...> Read more.. |
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| By The Numbers |
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2006 |
2007 |
| No. of employees |
Did not exist |
6-15 |
| No. of locations |
Did not exist |
2-5 |
| No. of customers |
Did not exist |
2-5 |
| Turnover |
Did not exist |
Under 10 lacs |
| Profits |
Did not exist |
1 to 5 lacs |
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| Primary source of initial funding |
Personal savings |
| Primary source of additional funding |
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| Raised institutional capital? |
No |
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| Why is this startup hot? |
Auto-Id technology is catching up fast in automating business processes. Having an integrated location engine that improves the supply chain processes will be a requirement for all companies in the future. We are well positioning ourselves to capitalize that explosion. |
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| What keeps the team awake at night? |
1. Making technologies talk to each other.
2. Signing up more partners to reach the projected revenue.
3. Building a sound technical team.
4. Capital needs. |
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