Manthan’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Manthan Systems Inc | CIN: U72300KA2003PTC033038
Manthan, founded by Atul Jalan, is a leading provider of AI-powered analytics solutions for retail and consumer businesses. Established to empower data-driven decision-making, Manthan offers advanced analytics platforms that help companies enhance customer experiences, improve operational efficiencies, and drive profitable growth. With a focus on innovation and deep industry expertise, Manthan has established a strong global footprint and continues to expand its technological capabilities to stay ahead in the competitive analytics market.
| Metric | Detail |
|---|---|
| Founding Year | 2003 |
| Revenue FY22 | ₹350 Cr |
| Revenue FY23 | ₹420 Cr |
| Revenue FY24 | ₹500 Cr (proj.) |
| Net Profit FY24 | ₹60 Cr |
| Total Employees | 900+ |
| Round | Date | Amount Raised | Valuation | Investors |
|---|---|---|---|---|
| Private Equity | 2014 | $60M | - | Temasek Holdings, Norwest Venture Partners |
Manthan has demonstrated steady growth, with revenues rising from ₹350 Cr in FY22 to a projected ₹500 Cr in FY24. The company has also improved profitability, reaching an estimated ₹60 Cr net profit in FY24, reflecting operational efficiencies and robust demand for its analytics products.
Manthan's expenses have increased moderately to support global expansion and R&D, yet margins have remained healthy thanks to higher-value solutions and long-term enterprise contracts, indicating strong operational control.
The workforce has grown from 700 to over 900 in FY24, reflecting investment in talent to drive innovation and support strategic initiatives across new regions and verticals.
- Expand further into North America and Europe markets.
- Increase AI and machine learning capabilities to strengthen product offerings.
- Focus on strategic partnerships and acquisitions to boost scale.
- IPO consideration in the medium term based on market conditions and profitability.
In recent years, Manthan has launched new AI-driven customer analytics platforms and secured multiple large retail clients, reinforcing its market leadership and paving the way for sustained growth.
| Metric | Detail |
|---|---|
| Revenue Growth | ₹350 Cr → ₹420 Cr → ₹500 Cr |
| Profitability | Improved to ₹60 Cr net profit |
| Employee Growth | +200 employees since FY22 |
| Market Expansion | Expanding globally, especially North America & Europe |
Manthan’s focus on advanced analytics, customer-centric innovation, and global expansion positions it strongly for future growth. With a track record of profitable scaling and technological leadership, it remains a key player in the retail analytics space. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
- Company Website
- Public News Articles
© 2025. All information is curated from public and third-party sources and provided solely for legitimate business use. Please ensure proper authorization before use. The depth of information depends on what is publicly available and may vary between individuals.