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 and partners to different geographic locations.
These solutions are offered in SAAS as well as license model.
Industry:IT/ Internet/ Software
Founded in:2007
Source of idea:Replicated or modified an idea encountered through previous employment
Significant Competitors:InSync, Fluensee, Shipcom Wireless, Asset Pulse, Globe Ranger
Company Details :
Company Name:Ennovasys
HeadQuarters:Chennai
Stage of the company:Several customers or locations
No of Employees (2006):Did not exist
No of Employees (2007):6-15
Office Locations(2006):Did not exist
Office Locations(2007):2-5
No of companies promoted:Yes (2)
Profits (2006):Did not exist
Profits (2007):1 to 5 lacs
>Partnerships:Queralt LLC, Sun Micro Systems, Apple Computers Inc, IAITO, Confidex, RFCode
Initial Funding:Personal savings
Addl Funding:
Institutitional Capital:No
Revneue Model: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.
Awards & honors:None
Promoters Details :
Promoters Name(s):Uday Shankar
Age:44
HomeTown:Chennai
Education:Bachelors Indian Institute of Science
No of companies promoted:Yes (2)
Family Background:First gen entrepreneur
Job:President at Supply Insight
Ex-Job Description:Strategy and Marketing
Favorite Book/Movie:The World is Flat
