Latka logo

Valuation

$33M

2024 Revenue

$11M

Funding

$0

Team

75

Founded

2009

How Magneto IT Solutions CEO Ronak Meghani grew Magneto IT Solutions to $11M revenue with a 75 person team in 2024.

Magneto IT Solutions, a leading IT company in USA, Bahrain & India offers Mobile App development, eCommerce Solutions, Web design & digital marketing services.

Last updated

Magneto IT Solutions Revenue

In 2024, Magneto IT Solutions's revenue reached $11M. Since its launch in 2009, Magneto IT Solutions has shown consistent revenue growth.

Magneto IT Solutions Revenue GrowthReported revenue / ARR by year$0$3M$5M$8M$10M$13M200920112013201520172019202120232024$0$11MSource: GetLatka.com
YearMilestoneQuote
2024Magneto IT Solutions Hit $11m revenue in June 2024
2009Launched with $0 revenue

Magneto IT Solutions Valuation, Funding Rounds

Magneto IT Solutions's most recent disclosed valuation is $33M.

Magneto IT Solutions is a bootstrapped Mobile Development Software startup. Founded in 2009, Magneto IT Solutions has grown to $11M in revenue without raising any venture capital or outside funding.

As a self-funded Mobile Development Software SaaS company, Magneto IT Solutions has built its business with no outside investment.

Magneto IT Solutions Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$120092009 cumulative: $0 • 2009 Founded: $02009 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% SoldQuote

Founder / CEO

Ronak Meghani

Ronak Meghani is listed as Founder / CEO at Magneto IT Solutions.

Q&A

QuestionAnswer
What's your age?-
Favorite online tool?-
Favorite book?-
Favorite CEO?-
Advice for 20 year old self-

Customers

We do not have customer count information for Magneto IT Solutions yet.

Magneto IT Solutions Employees & Team Size

Magneto IT Solutions employs approximately 75 people as of 2026.

Magneto IT Solutions Team GrowthReported headcount over time0204060802009201120132015201720192021202320240075757575Source: GetLatka.com
YearMilestone
2024Reached 75 employees (October 2024)
2020Reached 75 employees (October 2020)

Frequently Asked Questions about Magneto IT Solutions

What is Magneto IT Solutions's revenue?

Magneto IT Solutions generates $11M in revenue.

Who founded Magneto IT Solutions?

Magneto IT Solutions was founded by Ronak Meghani.

Who is the CEO of Magneto IT Solutions?

The CEO of Magneto IT Solutions is Ronak Meghani.

How much funding does Magneto IT Solutions have?

Magneto IT Solutions raised $0.

How many employees does Magneto IT Solutions have?

Magneto IT Solutions has 75 employees.

Where is Magneto IT Solutions headquarters?

Magneto IT Solutions is headquartered in New York, New York, United States.

Compare Magneto IT Solutions to the industry

Magneto IT Solutions operates across multiple industries. Browse revenue, funding, and growth data for Magneto IT Solutions in each sector below.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

Claim this profile

People Also Viewed

Sales Layer logo

Sales Layer

Developer of an information platform created to improve product management process. The company's platform uses analytics and automation to centralizes data and synchronizes it in all sales channels automatically to optimizes the management for all types of companies regardless of their size, sector or type, enabling brands and retailers to increase their sales by improving their content across multiple interfaces and multiple sales channels.

Rand Labs logo

Rand Labs

A blockchain development lab specialized in Algorand technology. Our Products: AlgoExplorer My Algo Incubation Labs: Professional development services [email protected]

Fadada.com logo

Fadada.com

Operator of an electronic contracts service platform. The company provides an online platform for electronic document signing and certificate services such as electronic contracts signature, documents signature, evidence custody and other electronic related signature.

Scalesource logo

Scalesource

Scalesource is a platform that provides virtual recruiters as a more cost-effective alternative to traditional in-house recruiters. Our service significantly reduces staffing expenses and enhances human resource management efficiency.

POC Pharma logo

POC Pharma

POC Pharma is a SaaS Company supporting pharma stakeholders to digitally manage their interactions, and grow faster and cheaper.

OnSeen logo

OnSeen

Developer if mobile workforce management software intended to manage people, places and assets. The company's platform schedules, dispatches, monitors and task remote staff and contractors, provide real-time status updates to everyone involved in the process and collaborate with mobile resources in real-time, enabling clients to optimize their processes and reduce their project costs.

Magneto IT Solutions Revenue 2024: $11M ARR, $33M Valuation