Saven Technologies Ltd (7TEC) Share Price & Fundamentals

What we do

Saven Technologies Ltd provides end-to-end software development, enterprise application services, and wireless application solutions primarily for fintech and mobile platforms.

Founded in

1,993

Market share

A niche player specializing in software and wireless application development with growing presence in fintech software.

Problem solved

Addresses software integration, legacy application enhancement, and wireless technology needs for evolving digital financial services.

Top clients or who we serve

Fintech companies, wireless platform developers, and enterprises needing software development; mainly B2B focus.

Key management

Murty Gudipati (Managing Director and CEO)

Our journey and innovations

Founded as Pennar Infotech, renamed in 2000, expanded internationally via joint ventures; innovated in wireless and fintech solutions.

Where we operate

India headquartered with past operations in USA and UK; focusing on domestic and global fintech software markets.

Top products or what we offer

Software development services, enterprise applications, wireless solutions, and emerging fintech software kits.

Top brands

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Raw materials needed

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Raw materials supplier

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Recurring vs cyclical contribution

Revenue is largely project-based with recurring client engagements.

Our industry position

Stable mid-sized IT services provider with expansion focus in fintech and wireless segments.

Financial highlights

2024-25 revenue Rs.14.3 crore, profit after tax Rs.2.59 crore, reflecting steady growth over previous years.

Geographical revenue split

Primary revenue from India with some foreign exchange earnings from international projects.

Order book

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Whats driving growth

Increased demand for fintech software, wireless applications, and upgraded development infrastructure.

Our future plans

Developing fintech software kits and expanding software development capabilities.

Our green promise

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Our people and values

Employee-focused with emphasis on ethical governance and no reported workplace complaints.

Key challenges ahead

Competition from larger IT firms and rapid technological changes in fintech and wireless sectors.

Interesting facts

Early adopter of wireless platform training and Microsoft Solution Provider status.

Risks and strategy

Mitigating technology obsolescence and market competition through innovation and JV collaborations.