2024 Revenue
$20.4M
Funding
$0
YOY
90.4%
Team
134
Founded
2005
How Naico ITS CEO Nazeer Peerumohammed grew to $20.4M revenue with a 134 person team in 2024.
Naico ITS is a premier technology company specialized in providing custom engineered software solutions to business enterprises around the world.
Naico was founded in mid-2005 by a team of highly accomplished US returned technology professionals with the vision of building a world-class technology company. Naico is head quartered in Infopark technology campus in the city of Kochi, a beautiful green city on the southern tip of India.
Since it's founding over a decade ago, Naico has proven its ability to deliver breakthrough technology solutions for businesses ranging from web startups to well-known Fortune 100 companies. We have many exciting stories of being the technology partner to businesses where we helped them grow from a business idea leading to multiple rounds of venture funding and acquisitions.
Naico primarily focuses on three technology domains, Enterprise Web Application Development, Geospatial (GIS) Solutions and Business Intelligence Solutions. We were one of the
Last updated
Naico ITS Revenue
In 2024, Naico ITS's revenue reached $20.4M. The company previously reported $10.7M in 2023. Since its launch in 2005, Naico ITS has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Naico ITS Hit $20.4m revenue in October 2024 | |
| 2023 | Naico ITS Hit $10.7m revenue in October 2023 | |
| 2021 | Naico ITS Hit $8.6m revenue in April 2021 | |
| 2005 | Launched with $0 revenue |
Naico ITS Valuation, Funding Rounds
Naico ITS is a bootstrapped Business Intelligence Software startup. Founded in 2005, Naico ITS has grown to $20.4M in revenue without raising any venture capital or outside funding.
As a self-funded Business Intelligence Software SaaS company, Naico ITS has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| 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 Naico ITS yet.
Naico ITS Employees & Team Size
Naico ITS employs approximately 134 people as of 2026, up from 124 in 2023, including 2 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 134 employees (December 2024) |
| 2024 | Reached 124 employees (October 2024) |
| 2023 | Reached 124 employees (October 2023) |
| 2022 | Reached 133 employees (October 2022) |
| 2021 | Reached 119 employees (December 2021) |
| 2021 | Reached 102 employees (April 2021) |
Frequently Asked Questions about Naico ITS
What is Naico ITS's revenue?
Naico ITS generates an estimated $20.4M in annual revenue.
Who founded Naico ITS?
Naico ITS was founded by Nazeer Peerumohammed.
Who is the CEO of Naico ITS?
The CEO of Naico ITS is Nazeer Peerumohammed.
How much funding does Naico ITS have?
Naico ITS is bootstrapped and has not raised outside funding.
How many employees does Naico ITS have?
Naico ITS has 134 employees.
Where is Naico ITS headquarters?
Naico ITS is headquartered in Kakkanad, Kerala, India.
Compare Naico ITS to the industry
Naico ITS operates across multiple industries. Browse revenue, funding, and growth data for Naico ITS 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 profilePeople Also Viewed

Thehotelsnetwork
Improve your hotel's profitability with tools that increase direct bookings and bring in new clients. Including price comparison widget, reviews, notifications and retargeting.

Mphasis Wyde
Since its inception in 1997, Wyde, an Mphasis Company, has been a leading international software vendor and is the creator of Wynsure, a professional Insurance Policy Administration Solution. Headquartered in Bloomington, Minnesota, USA, with offices in Canada, a modern Research & Development Center in Paris, France, and Delivery Centers of Excellence in both Poland and India. Wyde has developed and deployed Wynsure, a proven software platform, at many of the leading insurance carriers in North America and Europe. Wynsure is a multi-language, multi-currency, easily configurable software product that offers policy administration, claims and billing solutions focused on the Group Benefits market. Wynsure can be deployed for one or multiple lines of business as a complete end-to-end solution, as functional components specific to current business challenges such as bill or as a SaaS offering. Our success is driven by our core strategic values: - Excellence in our technology and expertise - Customer Centric solution design to anticipate market trends - Continued Investment in product development and R&D - Innovation and our solution’s capacity to quickly evolve to meet your needs

token
Developer of an open banking platform intended to offer a crypto-payment network and API ecosystem designed for the digital era. The company's platform offers an alternative to today's traditional and digital payment systems by offering a flexible digital transaction management environment to establish PSD2 compliance, generate new revenues and valuable customer profiling data, heighten digital payment security and eliminate fintech disintermediation, enabling banks to quickly and cost effectively comply with the directive before the deadline and monetise their investment in PSD2.

Red Cat Holdings
Red Cat is a leading provider of secure blockchain-based distributed storage, analytics and SaaS for the drone industry. Through its innovative solutions and leadership, Red Cat provides solutions for regulators to track and review flight data, insurance companies to insure drones, and pilots needed to become compliant with regulators. Red Cat's success is driven by a commitment to deliver unrivaled innovation that makes drones trackable, accountable and the sky a safer place.

Lepide
Lepide delivers the industry's most effective and affordable data security and governance solution - simple to implement, but powerful in protection. Unlike other vendors, our AI-driven audit reports, permissions analysis, and real-time threat remediation provides enterprise-grade security across file servers and Active Directory - without the enterprise price. Trusted by over 1,000 companies worldwide, Lepide combines cutting-edge technology with intuitive usability, keeping you ahead of risks and regulations with ease. With our Data Security Platform, you can locate and classify your sensitive data, govern access and track permission changes, analyze user behavior to spot anomalies, and much more. Detect a wide range of threats, from ransomware to rogue insiders, and alert and respond automatically in real-time. Reduce your attack surface by identifying privileged users and implementing zero trust. Meet compliance 70x faster with pre-configured reports. All from one comprehensive, scalable solution.

Orbus Software
Orbus Software is a leading provider of cloud solutions for enterprise transformation, with regional offices in Australia, Poland, the US, and the UK. Our enterprise platform provides a comprehensive view of applications, systems, and data, allowing organizations to make informed decisions, optimize costs, minimize risks, and maintain operational resilience in the face of constant disruption. Founded in 2004, we have 20 years of experience in supporting customers to transform smarter. These customers are predominantly global blue-chip enterprises and government organizations, including AstraZeneca, CIMB Bank, Investec, Three, and Saab.


