What Winjit Technologies does

Winjit Technologies Private Limited is a privately held Indian technology services and product company founded in 2004 and headquartered in Nashik, Maharashtra, with additional offices in Mumbai, Bengaluru, the USA, South Africa (regional HQ), and Mauritius. The company employs over 1,000 people and operates across 50+ countries, delivering a dual platform-and-services model. Its proprietary product portfolio centers on three in-house AI/ML platforms: PredictSense, an AutoML developer suite for predictive analytics, risk assessment, and fraud detection; IoTSense, an industrial IoT integration platform for legacy and modern protocols; and VisionSense, a forthcoming computer vision platform for object recognition and quality control. Sub-brands WinSure (insurance automation with AI agents) and FinSense (banking mobility suite) package these capabilities into vertical solutions.

Winjit's services business spans five lines: AI/ML services (Enterprise AI, LLM/Chatbot, Generative AI, Intelligent Document Processing, AI Governance); a Global Capability Center offering (BusinessSense delivery, DevSecOps, tech consulting, remote infrastructure, innovation framework); Digital Transformation (audits, strategy, CX, legacy modernization, BI, Web3); Cybersecurity (cloud, API, mobile/web, and infrastructure penetration testing); and the Winjit Design Studio. Revenue is generated through three streams: professional services (project-based AI/ML and digital transformation consulting), managed GCC services (dedicated offshore teams and R&D centers), and product licensing for the proprietary AI platforms. The go-to-market is enterprise field sales augmented by a strategic partnership with RIB Software (a Schneider Electric subsidiary), under which Winjit operates an R&D Centre as Schneider's innovation arm.

Winjit serves three primary verticals: Banking and Fintech (with named clients including Kotak Life, Emtel Fintech, Utkarsh Small Finance Bank, and SIDBI), Insurance and InsurTech, and Emerging Tech Startups. The company holds CMMI Level 3, ISO 27001, ISO 27017, and ISO 27018 certifications, and has earned recognitions including Microsoft Gold Partner (2007), Best IoT Implementation (2015), BFSI Tech Excellence for Best Banking App (2020), and the Global Fintech Fest Best Banking App award (2023) for the 'blink' payment app developed for Emtel Fintech. The company is founder-controlled (Ashwin Kandoi and Abhijit Junagade) with no external funding rounds disclosed beyond a 2019 transaction with RIB Software.

Name

Winjit Technologies

Legal name

Winjit Technologies Private Limited

Website

https://winjit.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Winjit Technologies is a privately held Indian technology services and AI product company serving enterprise banking, fintech, insurance, and emerging-tech clients across 50+ countries, with three proprietary AI platforms (PredictSense, IoTSense, VisionSense) and strategic R&D partnership with RIB Software/Schneider Electric.

Ownership category

akta.pro rank

Product category

AI/ML Software Development and IT Services

NAICS

Computer Systems Design and Related Services (5415), Other Computer Related Services (541519)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371), Services-Prepackaged Software (7372)

akta.pro primary industry

IT Procurement & Sourcing Services (Hardware/Software) (BPAEAOAG)

Keywords

• AI and machine learning services
• Global capability center services
• Banking fintech software
• Insurance automation solutions
• Digital transformation consulting

Headquarters

HQ city

Nasik

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Professional Services: Project-based technology consulting and implementation services including AI/ML development, digital transformation, cybersecurity, and software engineering. Delivered through dedicated project teams and offshore development centers.
2. Global Capability Center (GCC) Services: Dedicated offshore team augmentation and managed services. Provides R&D centers, talent resources, CI/CD pipelines, security operations, and round-the-clock productivity for enterprise clients.
3. Product Licensing: Licensing of proprietary AI platforms including PredictSense, IoTSense, and VisionSense for enterprise deployment and integration.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Winjit Technologies is a global software development and AI/ML consulting company that builds and licenses proprietary AI/ML platforms (PredictSense, IoTSense, VisionSense) and delivers enterprise-grade professional services including AI/ML engineering, Global Capability Center (offshore delivery) engagements, digital transformation consulting, and cybersecurity. Its solutions are vertically specialized for banking and fintech (FinSense mobility suite, lending, neo-banking, payments), insurance and insurtech (intelligent automation, fraud detection), and emerging tech startups (MVP development).

Product overview

Winjit Technologies operates a multi-product, platform-plus-services portfolio built around three homegrown AI/ML platforms: IoTSense (industrial IoT protocol integration at scale), PredictSense (AutoML developer suite for predictive analytics and ML automation), and VisionSense (computer vision for real-time object recognition — upcoming). These three AI platforms form the core proprietary product line. Surrounding them, Winjit offers an extensive set of AI/ML services including Enterprise AI Solutions, LLM Model and Chatbot, Generative AI, Intelligent Document Processing, and AI Governance; a Global Capability Center with BusinessSense, DevSecOps and Governance, Tech Consulting, Remote Infrastructure Management, and an Innovation Framework; Cybersecurity services (Cloud Security Audit, API Penetration Testing, Mobile/Web App Penetration Testing, Infrastructure Penetration Testing); Digital Transformation services (Technology and Infrastructure Audits, Digital Strategy Consulting, Customer Experience Enhancement, Legacy System Modernization, Data Analytics and Business Intelligence, Web3 Native Solutions); Winjit Design Studio for UX/UI design; and three industry-specific solution suites — Banking and Fintech (FinSense, Banking Automation, Lending Solutions, Neo Banking, Retail Payment Management, Digital Payment Solutions), Insurance and InsurTech (Intelligent Insurance Automation, Advanced Fraud Detection, Smart Document Management, AI-Enhanced CX, Gamified Agent Ecosystem), and Emerging Tech Startups (Concept to Design Prototype, Technical Feasibility Test, Platform Optimization, Rapid MVP Development, MVP Scaling). The company was founded in 2004 and is an innovation arm of RIB Software, a Schneider Electric company.

Differentiator

Problem solved

Functional benefit

Brands

• IoTSense: Full-scale platform for integrating cutting edge + legacy industrial IoT protocols at scale.
• PredictSense
• WinSure
• FinSense
• WinSure

Products and services

• PredictSense AutoML developer suite platform that automates deployment and management of next-generation machine learning projects, enabling predictive analytics, risk assessment, fraud detection, and business intelligence for banking, fintech, and insurance clients.
• IoTSense Full-scale industrial IoT platform that integrates cutting-edge and legacy IoT protocols at scale, enabling real-time data collection, machine communication, and operational monitoring across manufacturing and industrial environments.
• VisionSense Upcoming real-time object recognition platform that leverages computer vision and deep learning for fraud detection, quality control, and precision manufacturing applications.
• FinSense Mobility Suite End-to-end banking mobility suite delivering seamless all-device banking experiences through secure and intuitive mobile and e-banking applications for banks and fintech clients.
• WinSure AI-powered insurance automation ecosystem that creates custom AI interns to handle insurance operational tasks efficiently with seamless integration and dynamic workflows, covering underwriting, claims management, and agent oversight.
• Global Capability Center (GCC) Managed service offering providing dedicated offshore team augmentation, R&D centers, talent resources, CI/CD pipelines, security operations, and round-the-clock productivity for enterprise clients across multiple geographies.

Quantifiable outcome

• Successfully implemented IoT solutions for manufacturing companies resulting in improved productivity, reduced downtime, and enhanced decision-making capabilities
• +4 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability16 records

Feature9 records

Partnerships

Six partnerships are on record, tiered minor and core.

• NASSCOM FutureSkillsminorStrategic or Co-development Partner · 1 January 2023Campus Corporate Connect Program in collaboration with NASSCOM FutureSkills for talent development and skills training initiatives.
• RIB SoftwarecoreStrategic or Co-development Partner · 1 January 2021Winjit established a Global RIB R&D Centre in 2021, serving as the innovation arm of RIB Software. RIB Software is a company of Schneider Electric, providing Winjit with strategic access to enterprise networks and resources for global expansion.
• Government of IndiaminorStrategic or Co-development Partner · 1 January 2021Groundbreaking projects for the Government of India started in 2021, including technology initiatives for micro-enterprises.
• Schneider Electric (Inhouse Tech Team)minorStrategic or Co-development Partner · 1 January 2021Started the Schneider Electric Inhouse Tech team in 2021, providing dedicated technology development and support services.
• United NationsminorStrategic or Co-development Partner · 1 January 2013Partnered with the United Nations on Green Initiatives in 2013, demonstrating commitment to sustainable development goals and corporate social responsibility.
• Schneider ElectriccoreStrategic or Co-development PartnerWinjit is part of the Schneider Electric ecosystem through RIB Software. Schneider Electric is a global leader in energy management and industrial automation, providing strategic backing and market access for Winjit's technology solutions.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Others

• Kellton Tech Solutions:

Direct peers

• Coforge: Mid-size Indian IT services firm specializing in BFSI, insurance, and travel with strong digital and AI engineering capabilities. Closely matches Winjit's industry vertical mix and managed-services scale.
• Cyient: Global engineering and digital solutions firm with IoT, AI, and industrial digitalization offerings. Comparable in IoTSense-like industrial IoT positioning and India-headquartered delivery model.
• Persistent Systems: India-headquartered mid-size IT services and digital engineering firm with strong BFSI vertical focus and proprietary platform offerings (e.g., CAS, CLM). Highly comparable to Winjit in business model, vertical mix, and scale (~13,000+ employees).
• Birlasoft: Mid-tier Indian IT services company focused on BFSI, manufacturing, and digital transformation with proprietary platform assets. Comparable in scale, vertical focus, and product-plus-services positioning to Winjit.
• Zensar Technologies: India-based digital and IT services firm with strong BFSI vertical and digital engineering capabilities. Similar mid-scale private/public competitor profile to Winjit.
• Mphasis: India-based IT services company with deep banking, financial services, and digital transformation focus. Comparable customer base, GCC/managed-services model, and similar enterprise AI/fintech positioning as Winjit.
• Tata Elxsi: Design-led technology services firm with deep automotive, healthcare, and emerging-tech practice. Comparable in emerging-tech startup segment and design studio offering (Winjit Design Studio).
• Happiest Minds Technologies: India-listed digital and IT services firm with explicit focus on AI/ML, IoT, and digital transformation for BFSI and emerging tech. Direct comparable in proprietary product strategy (e.g., HappyDocs) and vertical specialization.

Broad incumbents

• Infosys Finacle: Established global IT incumbent with a dedicated banking platform (Finacle) competing in the same digital banking modernization space as Winjit's FinSense and lending solutions — relevant as the scaled incumbent Winjit must displace in BFSI deals.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

• Xx.com/winjittech
• YouTubeyoutube.com/user/WinjitTech
• Facebookfacebook.com/Winjit
• LinkedInlinkedin.com/company/winjit-technologies-pvt-ltd
• Instagraminstagram.com/winjittech

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

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 Winjit Technologies