Aether Enterprise Applications LLP

Background

Aether Enterprise Applications LLP, established in 2007 and headquartered in Pune, India, specializes in developing, implementing, and maintaining software products and applications globally. The company focuses on the banking and finance sectors, offering services in enterprise product development, product implementation, and certification. Aether is committed to delivering high-quality, low-maintenance software solutions that enhance business operations.

Key Strategic Focus

Aether's strategic objectives include:

Enterprise Product Development: Building stable and scalable software products in domains such as Core Banking, FinTech, Lending, and Sales Automation.

Product Implementation: Ensuring seamless integration and scalability of banking software to meet evolving client requirements.

Product Certification: Configuring, testing, and certifying financial software to ensure compliance with industry standards and regulatory requirements.

The company leverages contemporary web technologies, predominantly Java and Python, and cross-platform mobile development frameworks like Flutter to deliver robust solutions.

Financials and Funding

As a privately held Limited Liability Partnership (LLP), Aether Enterprise Applications LLP has a total obligation of contribution amounting to ₹20,000. The company has secured a loan of ₹7,000,000 from Bank of Baroda, created on March 17, 2020, and closed on April 15, 2023.

Technological Platform and Innovation

Aether distinguishes itself through:

Proprietary Frameworks: Developed a configurable product framework tailored for various business scenarios, particularly in the pharmacy industry.

Domain-Specific Expertise: Specializes in Core Banking, FinTech, Lending, and Sales Automation, ensuring solutions are aligned with industry standards.

Advanced Technologies: Utilizes modern web technologies like Java and Python, and cross-platform mobile frameworks such as Flutter, to develop sustainable and efficient applications.

Leadership Team

Mr. Dhanraj Muthiyan: Founder and Designated Partner with over 25 years of experience in enterprise software services, specializing in BFS, International Trade, and Manufacturing domains.

Mr. Gurunath Kulkarni: Designated Partner with 30+ years of experience, previously held leadership roles at Finastra, Persistent Systems Ltd., and Oracle Financial Services Software Ltd.

Mr. Supriya Sambit Garnaik: Head of Payments Division with over 25 years of experience, formerly led GPP Implementation for APAC at Finastra.

Mr. Prashant Virgoankar: Business Leader and Product Expert with over 30 years of experience, focusing on creating products, tools, and accelerators for domain-specific product implementations.

Mr. Chandrashekhar Shrikantih: General Manager with 28+ years of IT industry experience, previously served as Associate Vice President at Datamatics, VERITAS/Symantec, and Mphasis.

Competitor Profile

Market Insights and Dynamics:

The enterprise software development market, particularly in banking and finance, is highly competitive, with a focus on innovation, compliance, and scalability.

Competitor Analysis:

Tata Consultancy Services (TCS): A global leader in IT services, offering comprehensive solutions in banking and finance.

Infosys: Provides end-to-end consulting and technology services, with a strong presence in financial services.

Wipro: Offers IT services and solutions across various industries, including banking and finance.

HCLTech: Delivers IT and business services with a focus on digital transformation in financial services.

These competitors have established global footprints and extensive service portfolios, posing significant competition to Aether.

Strategic Collaborations and Partnerships

Aether has established significant partnerships to enhance its market position and innovation capacity:

EbixCash: Engaged in outsourced product development for mobile applications, contributing significantly to iOS and Android app development.

Nota by M&T Bank: Assisted in conceptualization, design, development, testing, support, and data analysis for a next-generation banking solution tailored for law firms.

Finastra: Collaborated on implementing projects involving their niche payment product, Global Pay Plus, across multiple large corporations.

Otoma: Partnered to implement a strategic new payment application using Otoma's innovative platform, supporting international Tier 1 banks.

Operational Insights

Aether's strategic considerations include:

Domain Expertise: Deep knowledge in banking and finance, manufacturing, and supply chain sectors, enhancing customer experience.

Product Mindset: Emphasis on a product-oriented approach, enabling clients to incorporate product strategies effectively.

Technology-Driven Solutions: Utilization of the latest and proven technologies for developing web and mobile applications, ensuring sustainable products.