Skyislimit Technologies Pvt. Ltd. Company Profile

Background

Skyislimit Technologies Pvt. Ltd., established on January 16, 2019, is a Mumbai-based private company specializing in comprehensive Software as a Service (SaaS) solutions. The company's mission is to enhance organizational efficiency by automating sales and operational functions, thereby enabling businesses to operate more systematically. Skyislimit Technologies has developed a suite of products, including Salesfokuz, Fokuz, HrmNxt, Storeware, Alpha Billing, and PROMA, each designed to address specific business needs.

Key Strategic Focus

The strategic focus of Skyislimit Technologies centers on delivering industry-specific SaaS solutions that streamline sales and operational processes. Their flagship product, Salesfokuz, is a sales productivity tool that automates sales and operational functionalities, providing managers with a web-based control panel and sales executives with a mobile application to manage marketing activities efficiently. Fokuz, another key product, is an indigenous video conferencing application developed to facilitate secure and flexible collaboration within sales teams. The company targets various industries, including banking, FMCG, real estate, and more, aiming to empower sales teams with configurable features that enhance productivity.

Financials and Funding

Skyislimit Technologies has secured a seed capital of $2 million from key investors Sonny Menon and Shari Menon. This funding is intended to support the company's growth initiatives and product development efforts. The company's authorized share capital is ₹4.5 crore, with a paid-up capital of ₹3.99 crore. For the financial year ending March 31, 2023, the company's operating revenue ranged between ₹1 crore and ₹100 crore.

Pipeline Development

Skyislimit Technologies has developed a range of products to address various business needs:

• Salesfokuz: A sales productivity tool that automates sales and operational functions, providing managers with a web-based control panel and sales executives with a mobile application.

• Fokuz: An indigenous video conferencing application designed to facilitate secure and flexible collaboration within sales teams.

• HrmNxt: A human resource management tool.

• Storeware: A store management solution.

• Alpha Billing: A billing software.

• PROMA: A project management tool.

These products are at various stages of development and deployment, with ongoing efforts to enhance their features and expand their market reach.

Technological Platform and Innovation

Skyislimit Technologies leverages proprietary technologies and innovative methodologies to develop its SaaS solutions. The company's products are designed to be user-friendly, requiring minimal technical knowledge from end-users. This approach ensures a seamless user experience, akin to using social media applications. The development team focuses on bridging the gap between users and software, offering cost-efficient and highly customized solutions. Additionally, the company employs a specialized testing department to ensure on-time product delivery with high-quality standards.

Leadership Team

• Manodh Mohan: Founder and Managing Director. Manodh has a background in software development and has been instrumental in developing the company's flagship product, Salesfokuz. Under his leadership, the company has grown to a team of over 60 individuals dedicated to innovation and excellence.

• Suja Varghese: Whole-time Director. Suja has been associated with the company since April 1, 2019, contributing to its strategic direction and operational management.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within the company's leadership team.

Competitor Profile

Market Insights and Dynamics

The SaaS industry in India is experiencing rapid growth, driven by increasing digital transformation initiatives across various sectors. The demand for sales automation and productivity tools is particularly high, as businesses seek to enhance efficiency and competitiveness.

Competitor Analysis

Skyislimit Technologies operates in a competitive landscape with several key players:

• Zoho CRM: Offers a comprehensive suite of CRM solutions with a strong presence in the Indian market.

• Freshsales: Provides sales automation and CRM tools tailored for small and medium-sized businesses.

• HubSpot CRM: Known for its user-friendly interface and integration capabilities, catering to a broad range of industries.

These competitors focus on delivering scalable and customizable CRM solutions, emphasizing user experience and integration with other business tools.

Strategic Collaborations and Partnerships

Skyislimit Technologies has established significant collaborations to strengthen its market position:

• Investment from Sonny Menon and Shari Menon: The $2 million seed capital from these investors has been pivotal in supporting the company's growth and product development initiatives.

• Clientele: The company has secured clients such as SBI DFHI Ltd, Saraswat Bank, DCB Bank, CSB Bank, and Godrej Industries, reflecting its ability to cater to diverse industry needs.

Operational Insights

Skyislimit Technologies differentiates itself through its user-centric approach, offering products that are easy to use and require minimal technical knowledge. The company's focus on bridging the gap between users and software, along with its cost-efficient and highly customized solutions, provides a competitive advantage in the SaaS market.

Strategic Opportunities and Future Directions

Looking ahead, Skyislimit Technologies aims to expand its presence in the USA, with plans to establish itself as a central multinational company. The company envisions listing on Wall Street by the end of 2025. Additionally, a policy is being planned to offer employees with around three years of association partnership in the company's shares, fostering a sense of ownership and commitment among the workforce.

Contact Information

• Website: skyislimit.in

• Social Media:

• LinkedIn: Skyislimit Technologies Pvt. Ltd.

• Facebook: Skyislimit Technologies

• Twitter: @skyislimittech

Skyislimit Technologies Pvt. Ltd. continues to innovate and expand its suite of SaaS solutions, aiming to empower businesses with tools that enhance productivity and operational efficiency.