Akshar Technologies - Comprehensive Analysis Report
Summary
Akshar Technologies is a global pioneer dedicated to delivering business software solutions, specializing in outsourcing, consulting services, and systems integration. Founded in 2003, the company's core mission is to develop highly user-interactive and reliable applications, aiming to provide superior web-based solutions worldwide. Akshar Technologies envisions itself as a global visionary, proactively addressing the evolving requirements of its customers and suppliers through flexible business solutions designed to yield high returns on IT infrastructure. The company holds a significant position in the IT services sector by offering comprehensive web and software development expertise.
1. Strategic Focus & Objectives
Core Objectives
Akshar Technologies' primary objective is to maintain and enhance its leadership in the development of user-interactive and reliable applications. The company is committed to delivering exceptional web-based solutions globally and to anticipating customer and supplier needs. This includes a focus on providing flexible business solutions that maximize returns on IT infrastructure investments for clients.
Specialization Areas
The company specializes in providing comprehensive IT skills and business process capabilities. Key areas of expertise include:
Professional and affordable web design and web development.
Search Engine Optimization (SEO) services.
Complete web solutions, including responsive website design and content management systems.
E-commerce development, focusing on user-friendly, high-performance, and fully functional custom solutions.
Mobile app development for Android and iOS platforms.
Custom software development.
Project Management Services, including turn-around for troubled projects and uncertainty management through statistical analysis.
Target Markets
Akshar Technologies primarily targets businesses requiring web design, web development, internet marketing, and custom software solutions. Geographically, their SEO services focus on regions including Los Angeles, Sacramento, San Francisco, San Jose, and San Diego in the United States, alongside a broad global client base spanning over 9 countries.
2. Financial Overview
Funding History
Akshar Technologies generates an annual revenue of $4.1 million. The company has historically been self-funded and has not raised any external funding to date.
3. Product Pipeline
Key Products/Services
Akshar Technologies offers a robust suite of software and web-based services:
Web Design & Development:
Description: Creation of world-class, highly flexible, customizable, and cost-effective websites. Includes responsive design and content management system integration.
Development Stage: Actively delivered and updated.
Target Market: Businesses seeking professional online presence and digital solutions.
Key Features & Benefits: Enhances online visibility, user engagement, and client business generation.
E-commerce Development:
Description: Development of custom, high-performance, user-friendly, and fully functional e-commerce solutions.
Development Stage: Actively delivered.
Target Market: Businesses aiming to sell products or services online and increase revenue.
Key Features & Benefits: Streamlined online sales, improved customer experience, and increased profitability.
Mobile App Development:
Description: Development of custom mobile applications for Android and iOS platforms.
Development Stage: Actively delivered.
Target Market: Companies looking to extend their reach to mobile users and offer interactive experiences.
Key Features & Benefits: Enhanced customer accessibility, engagement, and service delivery through mobile devices.
Custom Software Development:
Description: Tailored software solutions adhering to ISO, CMM, and CMMi structures for specific business needs.
Development Stage: Actively delivered.
Target Market: Organizations requiring bespoke software applications to optimize operations.
Key Features & Benefits: Solutions designed for unique operational requirements, efficiency, and scalability.
SEO Services:
Description: Strategies and techniques to optimize client websites for prominent search engine placement and convert visitors into customers.
Development Stage: Ongoing service delivery.
Target Market: Businesses seeking to improve their online visibility and organic search traffic.
Key Features & Benefits: Increased website traffic, higher conversion rates, and improved brand recognition.
Project Management Services:
Description: Includes project turn-around for troubled projects, focusing on timely and within-budget deliverables. Utilizes statistical analysis for uncertainty management and recommends best practices for software management.
Development Stage: Actively delivered.
Target Market: Organizations seeking to improve project execution and delivery.
4. Technology & Innovation
Technology Stack
Akshar Technologies leverages a diverse and modern technology stack to deliver its solutions:
Core Platforms: PHP, ASP.Net, AJAX Development.
Mobile Development: Android and iOS platforms.
Development Methodologies: Adheres to ISO, CMM, and CMMi structures for custom application development, ensuring quality and process efficiency.
Technical Capabilities: Focus on developing world-class, flexible, and customizable websites, implementing the latest development techniques for complete web solutions, and employing statistical analysis for project management.
5. Leadership & Management
Executive Team
Dipesh Patel - Co-Founder and CEO
Professional Background: As a co-founder, Mr. Patel has been instrumental in guiding Akshar Technologies since its inception in 2003.
Key Contributions: Leads the company in achieving its mission of delivering user-interactive and reliable applications globally, driving its strategic focus on comprehensive IT solutions and business process capabilities.
6. Talent and Growth Indicators
Hiring Trends and Workforce
Akshar Technologies currently has a dedicated team of 10 employees. The company's global reach is a significant growth indicator, with clients spanning over 9 countries across various domains including website, internet marketing, software, and mobile development. This broad international presence underscores a steady growth trajectory and consistent client acquisition.
7. Social Media Presence and Engagement
Digital Footprint
Akshar Technologies maintains an active and diverse digital footprint across multiple social media platforms to engage with clients, showcase expertise, and strengthen its brand.
Platforms: Twitter, Facebook, Google Plus, Pinterest, Instagram, LinkedIn, and YouTube.
Brand Messaging: Emphasizes expertise in web design and development, e-commerce solutions, mobile app development, and SEO.
Community Engagement: Utilizes these channels to highlight service offerings, engage with potential clients, and share industry insights. The presence aims to position the company as a thought leader in web and software solutions.
8. Recognition and Awards
Industry Recognition
Akshar Technologies has received notable industry recognition for its contributions and performance.
2015 Best of Long Beach Award: The company was selected for this esteemed award in the Information Technology category by the Long Beach Award Program. This accolade acknowledges companies that demonstrate exceptional marketing success, contribute positively to the image of small businesses, and have a significant impact on their local community.
9. Operational Insights
Akshar Technologies holds a strong market position as a provider of comprehensive web-based solutions and custom software development.
Competitive Advantages: The company's ability to offer a "one-stop shop" for internet marketing and full-spectrum web development services, coupled with custom software capabilities, provides a significant competitive edge. Their commitment to cost-effective, world-class, and highly customizable solutions differentiates them in the market.
Operational Strengths: Strong domain expertise in various technologies (PHP, ASP.Net, AJAX, Android, iOS), adherence to quality standards like ISO, CMM, and CMMi, and a focus on converting visitors into customers through effective SEO strategies. Their Project Management Services also ensure timely and within-budget project delivery, even for troubled projects.
Areas for Improvement: Continuous innovation in emerging technologies and scaling the workforce to support expanding global client base and project demands will be crucial for sustained growth.
10. Future Outlook
Strategic Roadmap
Akshar Technologies is focused on a strategic roadmap designed to expand its market influence and enhance its service offerings.
Planned Initiatives: The company aims to further enhance existing client websites to generate more business, solidify its position as a comprehensive internet marketing service provider, and broaden its custom software development portfolio.
Growth Strategies: Continued expansion in responsive website design, advanced content management systems, and sophisticated e-commerce solutions. There is a strong emphasis on delivering high-performance, user-friendly products that directly contribute to increased client revenue.
Expansion Opportunities: Exploring new geographical markets beyond its current 9+ countries and identifying specific industry verticals that can benefit from its specialized IT solutions.
Future Challenges and Mitigation Strategies: Anticipating evolving technological landscapes and client requirements. Mitra Agence will continue to invest in the latest development techniques and adhere to industry best practices, including robust project management methodologies utilizing statistical analysis, to navigate challenges and ensure successful project outcomes.
