What MindInventory does

MindInventory is a privately held custom software engineering company founded in 2011 by Mehul Rajput and headquartered in Ahmedabad, India, with regional offices in Strongsville, Ohio (USA) and The Hague (Netherlands). The firm employs 300+ in-house technology specialists and delivers bespoke AI, digital twin, cloud, and application development services to 1,800+ global clients, including Fortune 500 enterprises such as Google, Panasonic, KFC, AirAsia, MAERSK, Booking, Tinder, and NEOM. Over its 15-year operating history, MindInventory has completed more than 2,700 projects across 40+ industries, with concentrated expertise in healthcare (HIPAA-compliant EHR/EMR, clinical AI copilots), smart cities and renewable energy (digital twins for urban planning, wind farms, and solar installations), logistics, finance, and consumer applications.

The company's technology stack spans agentic AI, generative AI, NLP, computer vision, deep learning, IoT, AR/VR, and cloud-native architectures (AWS, Azure, GCP), with proprietary expertise in digital twin platforms built on Unreal Engine, Cesium, BIM, and QGIS. Notable productized solutions include an AI Safety Copilot deployed for the NEOM smart city project (in partnership with Navatech, securing $3M in seed funding), a nutrition recognition platform for Passio.AI (2.5M+ items, 97% accuracy), and an AI-powered clinical copilot that has scribed 12.5M+ minutes of doctor-patient conversations. The firm also operates CollabCRM, its own SaaS product, as a recurring-revenue complement to its services portfolio.

MindInventory generates revenue primarily through professional services engagements (project-based and time-and-materials), supplemented by staff augmentation under dedicated-team models and SaaS revenue from CollabCRM. Pricing is quote-based with flexible engagement models (Dedicated Team, Time & Material, Fixed-Cost), targeting enterprise clients via direct field sales and mid-market/startup segments through inside sales and digital inbound channels. The firm is bootstrapped, with no disclosed external funding, and is led by founder-CEO Mehul Rajput. Certifications include ISO 9001:2015, ISO 27001:2022, SOC 2 Type 2, HIPAA, HITECH, GDPR, and NIST 800-53, supporting its positioning in regulated verticals.

Name

MindInventory

Legal name

MindInventory

Website

https://mindinventory.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Professional Services (Custom Software Development): MindInventory generates the majority of revenue through bespoke software development engagements. These are structured as project-based or time-and-materials engagements covering AI/ML development, digital twin solutions, mobile/web application development, cloud engineering, and digital transformation consulting. Revenue is earned through professional services fees tied to project scope, team size, and engagement duration.
2. Staff Augmentation / Dedicated Team Hiring: MindInventory provides dedicated development teams on a flexible engagement model. Clients can hire pre-vetted remote developers for specific skill sets (AI, mobile, frontend, backend, full-stack, QA, DevOps, UI/UX). Billing is based on hours worked (typically 160 guaranteed hours/month) with weekly, monthly, or yearly hiring options. This is a recurring revenue stream from long-term client relationships.
3. SaaS / Product (CollabCRM): MindInventory offers its own CRM product, CollabCRM, as a SaaS solution. This represents a productized, recurring revenue stream distinct from professional services.
4. Engagement Model: Fixed-Cost Projects: For well-documented projects with defined scope and timelines, MindInventory offers fixed-cost engagements. Pricing is agreed upfront based on deliverables, milestones, and project complexity.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

MindInventory is a custom software engineering company that designs, develops, and delivers bespoke AI/ML solutions, digital twin platforms, mobile and web applications, cloud engineering, and data engineering services for enterprise and startup clients worldwide. The firm also offers dedicated developer hiring (staff augmentation) under three engagement models (Dedicated Team, Time & Material, Fixed-Cost) and operates CollabCRM as its own proprietary SaaS CRM product.

Product overview

MindInventory is a custom software engineering company that builds intelligent software for new-age businesses. Founded in 2011 and headquartered in Ahmedabad, India, with offices in the USA and Netherlands, the company operates as a platform-plus-services provider organized across six core service pillars: Data Engineering (data management, analytics, science, visualization, business intelligence, data warehouse, and mining), AI/ML Solutions (ML, agentic AI, generative AI, computer vision, NLP, deep learning, RPA, and predictive analytics), Digital Solutions (digital twins, Unreal Engine development, digital transformation, UI/UX design, and IT staff augmentation), Software Engineering (software product development, AI software, enterprise/startup development, modernization, and API development), Application Development (mobile apps, web apps, SaaS, MVP, Progressive Web Apps, and game development), and Cloud Services (cloud engineering, migration, integration, and security). The company also offers industry-specific solutions including a comprehensive EHR & EMR Software Development Platform for healthcare organizations, along with specialized solutions for fitness, dating, sports, and general medical software. With 15+ years of experience, 2700+ projects delivered, and 1800+ global clients including Fortune 500 companies, MindInventory serves 40+ industries and operates as a Google Cloud and AWS partner.

Differentiator

Problem solved

Functional benefit

Brands

• Collab CRM: Company's own product mentioned as 'Our Product' in navigation, available at collabcrm.com

Products and services

• Data Engineering Services Comprehensive data engineering services covering data management, analytics, data science, visualization, big data, business intelligence, data warehousing, integration, and data mining for enterprises needing robust data platforms.
• AI Development Services Full-stack AI development services including machine learning, agentic AI, AI agents, AI integration, chatbots, LLM development, generative AI, deep learning, RPA, business process automation, computer vision, and predictive analytics for enterprise automation.
• Digital Twin Services Digital twin engineering services enabling high-fidelity, real-time 3D virtual replicas of physical assets for simulation, scenario testing, and data-driven decision-making across smart cities, wind farms, solar farms, and infrastructure.
• Custom Software Development End-to-end custom software development including software product development, AI software development, software integration, consulting, startup and enterprise development, product discovery, modernization, outsourcing, and API development.
• Mobile App Development Mobile application development services covering native iOS and Android, web applications, enterprise apps, startup apps, SaaS applications, MVPs, app modernization, Progressive Web Apps, and game development.
• Cloud Engineering Services Cloud engineering services covering cloud consulting, migration, integration, cloud-native application development, managed services, and cloud security across AWS, Azure, and Google Cloud.
• EHR & EMR Software Development Platform Compliance-first full-cycle EHR/EMR software development platform with HIPAA, HL7, FHIR, SMART on FHIR, and DICOM interoperability supporting specialty care, telehealth, and remote patient monitoring for healthcare providers.
• Medical Software Development Suite of medical software development services including EHR/EMR, medical imaging (PACS/RIS), telemedicine, remote patient monitoring (RPM), HIPAA-compliant software, healthcare IT consulting, and specialty-specific platforms for cardiology, oncology, radiology, and dermatology.
• Fitness App Development Custom fitness app development service for fitness brands, wellness companies, and health-tech startups — including wearable integration, real-time analytics, AI-powered coaching, and engagement-focused UX design.
• Dating App Development AI-powered dating app development service for dating platforms featuring personalized matchmaking, fraud detection, profile optimization, sentiment analysis, and recommendation engines.
• Sports App Development Sports app development service with AI, AR/VR, and IoT features for athlete management, performance analytics, fan engagement platforms, and real-time competitive data analytics for sports organizations.
• CollabCRM Proprietary SaaS CRM product built and owned by MindInventory, targeting customer relationship management needs across sales, marketing, and customer service workflows; distributed as a subscription-based software product via collabcrm.com.
• Staff Augmentation / Dedicated Developer Hiring Dedicated developer hiring / IT staff augmentation service enabling clients to rent pre-vetted remote developers (AI, mobile, frontend, backend, full-stack, QA, DevOps, UI/UX) on flexible weekly, monthly, or yearly terms with guaranteed 160 hours per month.
• UI/UX Design Services UI/UX design services combining behavioral psychology and data-driven design to deliver intuitive user interfaces, reduce cognitive load, and improve user retention across digital products.

Quantifiable outcome

• Wind farm digital twin reduced feasibility planning time by 40% and wind farm planning time by 35%, enabling 3x faster Capex decisions.
• +8 more outcomes

Named customers24 records

Segments11 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability16 records

Feature10 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• Google CloudcoreTechnology or IntegrationMindInventory is a Google Cloud Partner, enabling co-selling and co-delivery of cloud-native AI, data, and software development solutions to enterprise clients. The partnership provides access to Google Cloud's enterprise customer base and technology resources, including infrastructure, AI/ML APIs, and generative AI capabilities.
• Amazon Web Services (AWS)coreTechnology or IntegrationMindInventory is an AWS Partner Network (APN) member, enabling joint delivery of AWS-based cloud engineering, AI, and software development solutions. AWS infrastructure (including for digital twins and HIPAA-compliant healthcare platforms) is a core technology backbone for many MindInventory implementations.
• Navatech Group LimitedflagshipStrategic or Co-development PartnerMindInventory partnered with Navatech to build an AI-powered Safety Copilot for construction sites, enhancing real-time hazard detection, multilingual alerts, and compliance. The project was developed for NEOM (Saudi Arabia's smart city project) and helped secure $3M in seed funding. The platform reduced on-site accidents by 59% and increased worker collaboration by 65%.
• Passio.AI (SRI-backed)coreStrategic or Co-development PartnerMindInventory collaborated with SRI-backed Passio.AI to build Nutrition AI, featuring the world's #1 visual food database capable of recognizing 2.5M+ food items and food package labels with 97% accuracy. The platform logs daily nutrition by scanning portion size and barcode of food packets.
• Panasonic (Japanese multinational electronics company)flagshipStrategic or Co-development PartnerMindInventory helped Panasonic achieve real-time visibility and control over warehouse operations by building a custom warehouse management solution for its Singapore branch, integrated with their existing systems. The solution achieved 15% cost savings and 20% increase in warehouse productivity.

Scale indicators32 records

Expansion highlights5 records

Broad incumbents

• Persistent Systems: India-headquartered mid-to-large IT services and digital engineering firm offering custom software, cloud, AI/ML, and digital transformation to global enterprise clients. Closely comparable in service mix, India delivery model, and Fortune 500 customer profile, though materially larger in scale and publicly listed.
• Globant: Global digital transformation and software engineering firm combining custom development with AI, data engineering, and design. Comparable service pillars (AI/ML, cloud, digital studios, software engineering) and similar enterprise + startup dual-segment go-to-market, but at significantly larger scale and publicly listed.
• Accenture: Global professional services and digital transformation incumbent with large-scale AI, cloud, and industry X.0 practices serving Fortune 500 across all verticals MindInventory targets. Relevant as the upper-bound competitive benchmark MindInventory must displace or partner around on enterprise deals.

Direct peers

• Cyient: India-based engineering and digital solutions provider with strong digital twin, geospatial, and industrial AI capabilities serving aerospace, energy, smart cities and manufacturing. Most direct overlap with MindInventory's digital twin and engineering services practice (Unreal Engine, BIM, IoT-driven simulation).
• Fingent: India/US-headquartered custom software development and AI/ML services company targeting mid-market and enterprise clients across healthcare, fintech, retail and logistics. Similar mid-tier services profile, comparable India delivery + US sales footprint, and overlapping AI/cloud engineering offerings.
• ScienceSoft: US-headquartered IT consulting and custom software development firm with deep healthcare (HIPAA, FHIR, EHR integration) and AI practices. Comparable in service catalog (custom software, AI/ML, data engineering, cloud, compliance-led delivery) and target verticals (healthcare, BFSI, logistics).
• Iflexion: Custom software development and AI/ML services company with full-cycle delivery across web, mobile, cloud, and enterprise integrations. Comparable mid-tier services positioning, similar range of verticals (healthcare, fintech, e-commerce), and analogous dedicated-team and fixed-cost engagement models.
• Clarion Technologies: India-origin custom software development and product engineering services firm serving SMBs, startups and enterprises in healthcare, fintech and logistics. Closely comparable in size (200-500 employees), delivery model, dedicated-team offering, and target customer mix.
• Oxagile: Custom software and AI development services firm specializing in video streaming, computer vision, predictive analytics, and data engineering for media, healthcare and finance. Closely comparable AI/ML practice (CV, NLP, predictive analytics) and similar enterprise-targeted bespoke delivery model.
• Innowise: Mid-tier custom software development and digital transformation company with strong healthcare, fintech, logistics and IoT practices. Comparable service pillars, HIPAA/compliance positioning, and India/Europe delivery footprint serving Fortune-class enterprise clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mindinventory
• YouTubeyoutube.com/@mindinventory
• Facebookfacebook.com/Mindiventory
• LinkedInlinkedin.com/company/mindinventory

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MindInventory