Skanda
Skanda IT Consulting Private Limited is an India-based IT consulting firm founded in 2014 that delivers management consulting, IT consulting, bespoke application development, and training services primarily to BFSI clients, with secondary exposure to healthcare, manufacturing, pharma, telecom, and IT/ITES sectors.
- Company typePrivate
- Founded2014
- HeadquartersKilpauk, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Skanda does
Skanda IT Consulting Private Limited is a privately held India-based IT consulting firm founded in 2014 by banking, finance, and IT professionals carrying over 75 years of combined domain experience. The firm provides four integrated service pillars — Management and Business Consulting, IT Consulting, Bespoke Application Development, and Training — delivered through multiple engagement models including outsourcing (onshore, offshore, blended), staff augmentation, build-operate-transfer, and collaborative reseller arrangements. Pricing is structured on a time-and-materials or fixed-price basis, with no publicly disclosed rate cards.
The firm's technology stack is anchored in deep expertise across core banking platforms (Temenos T24, Oracle Flexcube, Infosys Finacle), Oracle EBS modules (Financials, HRMS, SCM, Utilities, OBIEE, OBIA), and SAP (CRM, FICO, MM, SD, EWM, Netweaver, ABAP, Basis), supplemented by Java, .NET, and J2EE development capabilities. Skanda supplements this with proprietary internal frameworks to reduce development and sustenance cost, along with test automation and defect tracking tools that accelerate cycle time. Service delivery covers the full software development lifecycle including pre-SDLC activities (RFP/RFI response, requirements gathering, pre-sales).
Geographically, Skanda operates from its Chennai headquarters and a Dharwad branch office in India, supplemented by partnered presence in Singapore, the UAE (Dubai), and the Kingdom of Saudi Arabia (Riyadh), claiming reach across Asia Pacific, the Middle East, and the Americas. The customer base is anchored in the BFSI vertical (banking, financial services, insurance) across retail, consumer, private, commercial, corporate, investment banking, and capital markets segments, with secondary exposure to healthcare, manufacturing, pharmaceuticals, telecommunications, ITES, and IT. The firm holds ISO 9001:2015 certification and memberships in NASSCOM and MCCI. No external funding, M&A activity, or public listing has been disclosed; the company is founder-/management-owned and operates with 11-50 employees.
Skanda firmographics
Firmographics- Name
- Skanda
- Legal name
- skanda IT Consulting Private Limited
- Website
- https://skandatech.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Skanda IT Consulting Private Limited is an India-based IT consulting firm founded in 2014 that delivers management consulting, IT consulting, bespoke application development, and training services primarily to BFSI clients, with secondary exposure to healthcare, manufacturing, pharma, telecom, and IT/ITES sectors.
- Ownership category
- akta.pro rank
Skanda industry classification
Industry- Product category
- IT Consulting Services
- NAICS
- Management Consulting Services (54161), Computer Systems Design and Related Services (54151), Other Management Consulting Services (541618), Administrative Management and General Management Consulting Services (541611)
- SIC
- Services-Management Consulting Services (8742), Services-Computer Programming, Data Processing, Etc. (7370), Services-Engineering, Accounting, Research, Management (8700)
- akta.pro primary industry
- Strategy & IT Advisory (BPAEAAAA)
- akta.pro secondary industry
- Enterprise Architecture & IT Operating Model (BPAHAEAB)
Keywords
Where Skanda is headquartered
LocationHeadquarters
- HQ city
- Kilpauk
- HQ country
- India
- HQ region
- Asia
Offices5 records
Markets served
Skanda business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel
Revenue model
- Management and Business Consulting: Strategic consulting services covering business analysis, process re-engineering, functional and technical architecture, and solution implementations for financial institutions
- IT Consulting: IT consulting services including assessment of business and IT organizations, designing target solutions, and developing execution methodologies with project management
- Bespoke Application Development: Custom software development, maintenance, conversion, migration and application enhancements services
- Training Services: Instructor-led training programmes covering banking business, information technology, IT enabled services, soft skills training and coaching and mentoring services
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Time and Material Pricing |
| Outcome Based/ Performance | Multi-year contract | Fixed Price Engagement |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels3 records
Skanda product offering
Product offeringCore offering
Skanda is an IT and management consulting firm that delivers management and business consulting, IT consulting, bespoke application development, and corporate training services. The firm primarily serves banks, financial institutions, IT, and ITES organizations across BFSI, Healthcare, Manufacturing, Pharmaceuticals, and Telecommunications verticals, supporting business analysis, process re-engineering, solution implementation, and SDLC execution across platforms such as T24, Flexcube, Finacle, Oracle, and SAP.
Product overview
Skanda IT Consulting Private Limited is an IT consulting firm that offers a portfolio of four integrated service offerings: Management and Business Consulting (strategic consulting for BFSI organizations), IT Consulting (technology transformation and cost optimization), Bespoke Application Development (custom software development across T24, Flexcube, Finacle, Oracle, SAP, and .NET/Java/J2EE platforms), and Training (banking, IT, and soft skills instruction). These offerings are designed to work together, with consultants providing end-to-end support from business analysis and architecture through development, testing, implementation, and managed services.
Differentiator
Problem solved
Functional benefit
Products and services
- Management and Business Consulting Strategic consulting services focused on the BFSI sector, delivering sustainable solutions with top-line and bottom-line impact and building efficiency in processes and operations for banks and financial institutions.
- IT Consulting Technology consulting services that help organizations manage costs, leverage emerging technologies, and deliver high-performance technology solutions aligned with business objectives across enterprise IT environments.
- Bespoke Application Development Custom software development, maintenance, conversion, migration, and application enhancement services across T24, Flexcube, Finacle, Oracle, SAP, and .NET/Java/J2EE platforms, covering the full software development lifecycle for BFSI and other enterprise clients.
- Training Instructor-led training programs covering banking business, information technology, IT enabled services, soft skills training, coaching, and mentoring services for client workforce development.
Quantifiable outcome
- Reduced development and sustenance cost through proprietary frameworks
- +1 more outcomes
Companies that use Skanda
Customer profileSegments7 records
Ideal customer profiles2 records
Skanda technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Skanda partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered regional.
- Organizations in SingaporeregionalPartnered presence in Singapore to support target business offerings in BFSI, Health Care, Manufacturing, Pharmaceuticals, Telecommunications, ITES and IT space for clients in Asia Pacific region
- Organizations in UAEregionalPartnered presence in UAE to support target business offerings in BFSI, Health Care, Manufacturing, Pharmaceuticals, Telecommunications, ITES and IT space for Middle East clients
- Organizations in KSAregionalPartnered presence in Kingdom of Saudi Arabia to support target business offerings in BFSI, Health Care, Manufacturing, Pharmaceuticals, Telecommunications, ITES and IT space
Scale indicators5 records
Recent moves5 records
Expansion highlights4 records
Skanda competitors and assessment
Company assessmentDirect peers
- Mphasis: Indian IT services firm with a deep BFSI vertical focus and core banking platform expertise (particularly Finacle). Comparable to Skanda in BFSI-centric services portfolio, though Mphasis operates at substantially larger scale with global delivery.
- Coforge: Mid-sized Indian IT consulting firm with a strong BFSI vertical and core banking systems integration capabilities. Directly comparable business model and target customer base, with similar niche specialization in financial services transformation.
- Hexaware Technologies: Mid-tier Indian IT services and consulting company with significant BFSI exposure and application development/maintenance services. Similar size tier and service mix to Skanda, competing for similar banking and financial services consulting mandates.
- Persistent Systems: Mid-sized Indian IT services company with strong BFSI vertical focus and digital engineering capabilities. Comparable in size tier and service mix, competing for similar banking consulting and bespoke application development engagements.
- Birlasoft: Mid-tier Indian IT services firm with strong focus on BFSI, manufacturing, and healthcare verticals — overlapping significantly with Skanda's target industries. Competes for similar enterprise consulting and application development work.
Broad incumbents
- Mindtree (LTMindtree): Established Indian IT services firm (now part of LTIMindtree) with broad BFSI consulting, digital transformation, and application development practices. Competes with Skanda for the same banking clients but at much larger scale and broader portfolio.
- Infosys: Global IT services giant and creator of the Finacle core banking platform that Skanda specializes in. Competes for BFSI consulting, systems integration, and application development deals, with substantially larger delivery scale and brand recognition.
- Tata Consultancy Services (TCS): Largest Indian IT services firm with deep BFSI vertical expertise including core banking transformation engagements. Represents the upper-bound competitor for enterprise-scale banking consulting mandates Skanda may pursue.
- Wipro: Major global IT services and consulting company with established BFSI practice and core banking systems integration capabilities. Competes for the same enterprise banking and financial services consulting work as Skanda.
Others
- Temenos: Swiss provider of core banking software (including the T24/Temenos Transact platform in which Skanda specializes). Acts as product partner/ecosystem participant rather than direct competitor — Skanda's T24 expertise positions it as an implementation partner for Temenos' banking clients.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Skanda social profiles
Digital presenceSkanda compliance and trust
Trust signalCompliance1 record
Skanda financial estimates
Financial estimateRevenue estimate
Valuation estimate
Skanda leadership team
Management profileNumber of profiles
Profiles1 record
Skanda funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Skanda M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Skanda
What does Skanda do?
Skanda is an IT and management consulting firm that delivers management and business consulting, IT consulting, bespoke application development, and corporate training services. The firm primarily serves banks, financial institutions, IT, and ITES organizations across BFSI, Healthcare, Manufacturing, Pharmaceuticals, and Telecommunications verticals, supporting business analysis, process re-engineering, solution implementation, and SDLC execution across platforms such as T24, Flexcube, Finacle, Oracle, and SAP.
Is Skanda a public or private company?
Skanda is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Skanda founded?
Skanda was founded in 2014. It employs 11 to 50 people.
Where is Skanda based?
Skanda is headquartered in Kilpauk, India, in the Asia region.
How does Skanda make money?
Four revenue lines are on record. Management and Business Consulting is the primary driver. The others are IT Consulting, bespoke Application Development and training Services.
Who are Skanda's main competitors?
Direct peers on record are Mphasis, Coforge, Hexaware Technologies, Persistent Systems and Birlasoft. Broad incumbents are Mindtree (LTMindtree), Infosys, Tata Consultancy Services (TCS) and Wipro. Temenos is listed as an others.
Does Skanda have an API?
No public API is recorded for Skanda.
What industry is Skanda in?
Skanda's product category is IT Consulting Services. Its primary akta.pro industry code is BPAEAAAA, Strategy & IT Advisory, with a secondary code of BPAHAEAB, Enterprise Architecture & IT Operating Model. Its NAICS code is 54161 and its SIC code is 8742.