What Eka Software Solutions does

Eka Software Solutions, founded in 2004 and headquartered in Bengaluru, India, built a cloud-native commodity trading and risk management (CTRM) and energy trading and risk management (ETRM) platform serving large enterprises in agriculture, mining, energy, metals, and food and beverage. Its core product, Eka CTRM, delivers end-to-end visibility, real-time data, and connected workflows across the commodity value chain for both physical and financial markets. The platform is complemented by Trinity for analytics and margin optimization, Fintrade for financial trading operations, and Stockyard Management for terminal automation with 3D control and machine coordination; AI features are surfaced through Quoreka AI Solutions, including the QIndex daily commodity sentiment index powered by Barchart.

Eka generates revenue through enterprise software licensing and subscription arrangements targeting large commodity trading houses, energy firms, and integrated agribusinesses via a direct enterprise field-sales motion. Marquee customers include Koch Supply & Trading, Louis Dreyfus, and Savola, and Eka has been ranked among the top 3 global energy vendors by Chartis Energy Risk. In June 2021, Eka acquihired Trxiea Platforms and Solutions to build a corporate treasury solution aimed at CFOs, expanding its addressable buyer personas beyond trading desks.

In April 2024, US-based private equity firm STG acquired Eka Software Solutions, taking the company private and folding the Eka CTRM product into the broader Quoreka ecosystem alongside Trinity, Fintrade, and Stockyard Management. Following the transaction, Eka operates as a subsidiary within STG's CTRM-focused software portfolio rather than as an independent entity. Headcount is reported in the 251–500 range and the company maintains a global enterprise sales footprint.

Name

Eka Software Solutions

Legal name

Quoreka

Website

https://eka1.com

Company type

Private

Founded year

2004

Operating status

Acquired

Headcount range

251–500 employees

Short description

Eka Software Solutions, now part of the Quoreka ecosystem following STG's April 2024 acquisition, provides a cloud-native CTRM and ETRM platform for large commodity trading, energy, agriculture, metals, and mining enterprises. It serves trading desks and CFOs globally via enterprise subscriptions.

Ownership category

akta.pro rank

Product category

Commodity Trading and Risk Management (CTRM) Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

ETRM/CTRM Platforms & Trade Capture (EUAGAJAA)

akta.pro secondary industries

Risk Reporting & Performance Management (BI, KPIs, Attribution) (EUAGAJAL), Data Management & Market Data (Reference Data, Curves, Master Data) (EUAGAJAK), Commodity Electronic Trading Platforms (Energy/Metals/Agriculture) (FSAFANAF)

Keywords

• Commodity trading software
• CTRM platform
• Energy risk management
• Commodity supply chain
• Warehouse management

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Enterprise Software Subscriptions: Eka Software Solutions generates revenue through enterprise software licensing and subscription models for CTRM and ETRM solutions, serving commodity trading and energy companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Eka Software Solutions builds cloud-native Commodity Trading and Risk Management (CTRM) and Energy Trading and Risk Management (ETRM) software for enterprises operating in volatile commodity markets. The platform delivers end-to-end visibility, real-time data, and connected workflows across trading, supply chain, warehouse, and stockyard operations, with embedded AI sentiment analytics.

Product overview

Eka Software Solutions operates as a commodity trading and risk management (CTRM) technology provider, now part of the Quoreka ecosystem. The product portfolio centers on Eka CTRM as the core end-to-end commodity trading and risk management platform, complemented by Trinity for analytics and margin optimization, Fintrade for financial trading operations, and Stockyard Management for terminal automation. The unified platform delivers cloud-native CTRM, ETRM (energy trading and risk management), supply chain, warehouse management, and stockyard management solutions. AI capabilities are embedded through Quoreka AI Solutions, including the QIndex daily commodity sentiment index powered by Barchart. The platform serves industries including Agriculture, Metals, Mining, Energy, and Food & Beverage sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Eka CTRM: End-to-end visibility, real-time data, and connected workflows across the commodity value chain. A CTRM (Commodity Trading and Risk Management) solution originally developed by Eka Software Solutions and now offered as a product under Quoreka's portfolio.

Products and services

• Eka CTRM End-to-end commodity trading and risk management solution providing real-time visibility, real-time data, and connected workflows across the commodity value chain for physical and financial markets.
• Trinity Analytics solution built to optimize margins, reduce operational risk, and provide real-time control across the trading lifecycle for commodity trading enterprises.
• Fintrade Financial trading solution providing visibility, automated operations, and risk management capabilities for commodity trading operations.
• Stockyard Management Terminal operations automation solution managing assets, tasks, safety, and quality with 3D control, machine coordination, and real-time stockpile visibility for mining and commodity operations.
• Quoreka AI Solutions AI-powered solutions enhancing commodity trading workflows and decisions, including the QIndex daily AI-powered commodity sentiment index.
• QIndex Daily AI-powered commodity sentiment index powered by Barchart, providing sentiment analysis across agricultural commodities, metals, and energy markets.

Quantifiable outcome

• Savola achieved deeper visibility and built more agile risk management practice
• +2 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature3 records

Partnerships

One partnership is on record.

• Trxiea Platforms and SolutionscoreStrategic or Co-development Partner · 23 June 2021Eka Software Solutions acquired Bengaluru-based startup Trxiea Platforms and Solutions through an acquihire to develop a new corporate treasury solution. The initiative involves assembling a team led by industry veteran Devanshu Bhatt to accelerate the platform's development, aiming to provide CFOs with an integrated real-time view across enterprise functions.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ION Group (Openlink Financial): Largest CTRM/ETRM vendor via Openlink, Allegro, Endur, and Triple Point. Competes head-to-head with Eka in commodity trading and risk software across energy and metals, with a much larger installed base and global delivery footprint.
• Allegro Development: Long-established CTRM platform (now part of ION) serving commodity traders across power, gas, metals, and agriculture. Directly competes with Eka CTRM in physical and financial commodity trading workflows.
• Triple Point Technology: CTRM/CTRM vendor (ION-owned) covering physical and financial commodity management for power, gas, and metals. Overlaps with Eka's CTRM and ETRM product footprint in the same enterprise buyer.
• Endur (Openlink/ION): ION's flagship ETRM platform for energy trading and risk management. Most direct overlap with Eka's ETRM offering for power, gas, and refined products.
• FIS (FIS Commodity Suite): Large financial technology vendor offering CTRM and trading risk solutions through its commodities suite. Competes with Eka at enterprise tier with broader IT services bundling.

Direct peers

• Brady Technologies: London-based CTRM software vendor serving energy and metals traders. Closest direct competitor to Eka's CTRM/ETRM offering with comparable cloud-native architecture and energy-trading focus.
• Aspect Enterprise Solutions: Cloud-native CTRM vendor targeting mid-market and enterprise commodity traders. Competes with Eka on SaaS delivery model and breadth across CTRM modules for energy and metals.
• CTRM Group (Comtech): CTRM-focused vendor offering end-to-end commodity trading and risk management. Comparable mid-sized competitor to Eka across physical and financial commodity workflows.

Emerging players

• Molecule Software: Modern cloud-native CTRM platform serving commodity merchants and trading firms. Comparable to Eka in targeting cloud-first displacement of legacy on-prem CTRM systems.
• TraderTools: FX and commodity trading platform vendor with ETRM-style capabilities. Overlaps with Eka in energy and commodities trading workflow automation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/EkaSoftware
• LinkedInlinkedin.com/company/eka-software-solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds3 records

Investors3 records

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

M&A2 records

Investments

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

Frequently asked questions about Eka Software Solutions