Business Description:Vegayan Systems is a premiere supplier of advanced networking products and integrated solutions for converged networks supporting multiple services. It provides software overlay products which enhance efficiency, performance and functionality of core networks.
Vegayan specializes in IP/MPLS network technology which is used to support data, voice, multimedia and premium services on a single converged network. Most telecom service providers world over have migrated to this technology and are in the process of optimizing their network resources and service performance.
Vegayan leads this field by bringing unique solutions, specifically addressing emerging needs of Indian and global telecom markets. It has launched its SiMPLuS product for network operations and traffic engineering earlier this year. It plans to offer more products in the SiMPLuS product suite.
Industry:Telecom/ Mobile
Founded in:2005
Source of idea:Systematic search for business opportunity
Significant Competitors:Cisco, HP, IBM
Company Details :
Company Name:Vegayan Systems
HeadQuarters:Mumbai
Stage of the company:Have prototype
No of Employees (2006):6-15
No of Employees (2007):16-25
Office Locations(2006):0-1
Office Locations(2007):0-1
No of companies promoted:No
Profits (2006):
Profits (2007):
>Partnerships:
Initial Funding:Personal savings
Addl Funding:Angel investors
Institutitional Capital:No
Revneue Model:Vegayan provides the software product SiMPLuS that resides on a server in the network operations center, which enhances efficiency, performance and management of converged core network.
It offers perpetual licenses for product usage with license fees that depend on the size and functionality of the network. It offers SiMPLuS server platform licenses and multiple (typically about 6-8) client licenses for a single customer deployment.
Vegayan also provides annual maintenance and support contract, upgrades contract, and customization services for recurring revenues. It plans to offer additional products for network planning, analysis and service provisioning with new product licenses.
Awards & honors:- Received US patent for innovative routing technology (June, 2007)
- Winner of TiE-Canaan Entrepreneurial Challenge (December, 2006)
- Award: DST-Intel India Innovation Pioneers Challenge (October, 2006)
- Winner of DFJ-TiE India Venture Challenge (February, 2006)
Promoters Details :
Promoters Name(s):Girish Saraph
Age:42
HomeTown:Mumbai
Education:Masters
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Professor at IIT Bombay
Ex-Job Description:Teaching
Favorite Book/Movie:Documentary "Revenge of Nerds"
