What NeoSoft does

NeoSoft Technologies Pvt Ltd is a privately held Indian IT services and software products company founded in 1996 as part of the Excel Global Holding group. The firm operates in two distinct modes. The legacy product business — housed around a Bangalore (Koramangala) development center with a sister facility in Colombo, Sri Lanka — offers verticalized enterprise software: TOPS/ERP for apparel manufacturing, e-Freight for logistics/freight forwarding, and e-Campus and IMS for educational institutions, with delivery via on-premise licensing or hosted monthly subscription. The technology base spans J2EE, Microsoft .NET, IBM iSeries (AS400 with RPG/COBOL/DB2/400/LANSA), and Sybase PowerBuilder, supplemented by service offerings in business intelligence, document management, record management, and custom software development.

The 2025-era entity is materially larger and operationally reorienting. Operating from Mumbai with additional delivery centers in Airoli (Navi Mumbai) and Pune (1,100 seats collectively), the company employs more than 4,000 people across 10+ global delivery centers and has been certified as a Great Place to Work for four consecutive years and re-appraised at CMMI Level 5. In 2025, NeoSoft divested its data center subsidiary Web Werks to Iron Mountain for ₹1,400 crore (~$170M) and pivoted toward NeoNXT, a next-generation cloud infrastructure platform targeting government agencies and enterprises with data-sovereignty requirements, with a stated ambition to scale to ₹500 crore within three years at ~30% YoY growth. The company is positioning for an IPO within two to three years.

The go-to-market is enterprise sales-led across both the legacy product portfolio and the new cloud business, with on-site, offshore, and hybrid delivery models anchored in India and Sri Lanka. Revenue mechanics combine one-time enterprise license sales, monthly hosted-SaaS rentals, and professional services contracts. Customer concentration sits across recognized mid-market logos in apparel (Trend Setters, Vision Apparels, Texwin Clothing), freight forwarding (Dart Express West Asia, Triune, Hindustan Cargo, Rapid Freight), and education (British School of Colombo, Lyceum International, Gear Innovative, Treamis), with additional document management work in banking.

Name

NeoSoft

Legal name

NeoSoft Technologies Pvt Ltd

Website

https://neosoft-tec.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

NeoSoft Technologies is an Indian IT services and vertical-software firm delivering apparel ERP (TOPS), logistics (e-Freight), and education (e-Campus) solutions, plus a new NeoNXT sovereign-cloud platform for governments and enterprises following its Web Werks data center divestiture.

Ownership category

akta.pro rank

Product category

Vertical Enterprise Application Software

NAICS

Custom Computer Programming Services (541511), Software Publishers (5132), Computer Systems Design Services (541512)

SIC

Services-Computer Programming Services (7371), Services-Prepackaged Software (7372)

akta.pro primary industry

Custom Application Development (Web/Mobile/Desktop) (BPAEAFAA)

akta.pro secondary industry

Industry-Specific Low-Code Platforms (Vertical App Platforms) (HDAEAKAL)

Keywords

• Enterprise application software
• Apparel manufacturing ERP
• Freight forwarding software
• Education management software
• IT outsourcing services

Headquarters

HQ city

Kormangala

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licensing: One-time perpetual license sales for enterprise software solutions including TOPS/ERP, e-Freight, IMS, and e-Campus. Customers purchase software for installation on their own infrastructure.
2. Hosted/Cloud Solutions: Monthly rental model where applications are hosted from reputed data centers and accessed via internet. No upfront investment required - customers pay monthly fees for using the software.
3. Professional Services: On-site consulting, offshore development center services, and hybrid delivery models where development activity takes place at client location and offshore facilities in India and Sri Lanka.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

NeoSoft/ExcelSoft designs, develops, and licenses enterprise application software for vertical-specific industries including apparel manufacturing (TOPS/ERP), freight forwarding (e-Freight), and educational institutions (e-Campus, IMS). The company delivers these products both as on-premise licensed installations and as hosted monthly-rental subscriptions, while also offering IT outsourcing, custom software development, and consulting services through on-site, offshore (Bangalore/Colombo), and hybrid delivery models.

Product overview

NeoSoft/ExcelSoft provides a portfolio of enterprise application software solutions focused on Logistics, Manufacturing, and Educational sectors. The product lineup consists of TOPS/ERP and TOPS Planner for the apparel manufacturing industry (delivered via Sybase PowerBuilder and Microsoft .Net respectively), e-Freight for freight forwarding operations, e-Campus and IMS for educational institutions (J2EE and MS.NET respectively), and hosted accounting/HR/asset management modules. Additional service offerings include Business Intelligence consulting, Document Management, Record Management, IBM iSeries (AS400) solutions, and custom software development services. The company operates development centers in Bangalore, India and Colombo, Sri Lanka with capabilities spanning J2EE, Microsoft .Net, iSeries (AS400), and Sybase PowerBuilder technology stacks.

Differentiator

Problem solved

Functional benefit

Brands

• NeoNXT: Next-generation cloud infrastructure platform building public and private cloud platforms targeting government agencies and enterprises requiring data sovereignty
• IoT Services
• IT Outsourcing Services

Products and services

• TOPS/ERP (Total Order Processing System)

Quantifiable outcome

• Reduce data duplication significantly through integrated modular approach
• +3 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Excel Global HoldingcoreOthersNeoSoft/ExcelSoft is part of the Excel Global Holding group - a $50 million multinational group. The company works innovatively with recognized business partners in Asia, Europe and USA to provide comprehensive solutions to the world market.
• IBMcoreTechnology or IntegrationNeoSoft has established focus skills on IBM iSeries (AS400) platform including RPG, COBOL, DB2/400, UDB, Lotus Notes, Websphere suite, and LANSA. Development centers are certified for ISO 9001:2000.

Scale indicators3 records

Recent moves9 records

Expansion highlights6 records

Regional players

• Mindcore Technologies (iSeries services): Mindcore provides IBM iSeries (AS400) consulting, modernization, and managed services — overlapping directly with NeoSoft's AS400 application outsourcing, RPG/COBOL migration, and Websphere integration practice for shared legacy mid-market buyers.

Emerging players

• Fedena: Fedena is a school/college ERP with modules overlapping e-Campus (student info, attendance, timetable, parent portal) targeting similar South Asian and emerging-market school customers. Comparable emerging-market vertical competitor.

Direct peers

• Aptean: Aptean's apparel & textile ERP suite (formerly BlueCherry) targets the same apparel manufacturing buyer as NeoSoft's TOPS/ERP, with comparable end-to-end modules for production, inventory, and finance across multi-factory operations. Direct competitor in NeoSoft's flagship vertical.
• Magaya Supply Chain: Magaya provides freight forwarding and logistics ERP including rate management, accounting, and CRM, competing directly with NeoSoft's e-Freight platform for small and mid-market forwarders across the same geographies.
• WiseTech Global (CargoWise): CargoWise is the dominant global ERP for freight forwarders, serving the exact same customer profile as e-Freight with modules for air, sea, finance, customs, and multi-location operations. The closest direct competitor in NeoSoft's second flagship vertical.
• Descartes Systems Group: Descartes delivers logistics technology including freight forwarding, customs, and broker TMS solutions, overlapping with e-Freight in air/sea operations and serving shared multi-country forwarder customers like those in the Dart Express case study.
• ApparelMagic: ApparelMagic is a cloud-native ERP for fashion manufacturers and brands, directly competing with TOPS/ERP in the same apparel manufacturing customer segment with overlapping functionality for production planning, inventory, and multi-location operations.

Broad incumbents

• Infosys: Infosys is a global IT services leader doing custom software development, system integration, and outsourcing — directly comparable to NeoSoft's IBM iSeries services, BI consulting, and offshore development center offerings, though at vastly greater scale and breadth.
• PowerSchool: PowerSchool is the largest K-12 education management and SIS platform in North America, serving the same educational-institution buyer as e-Campus and IMS with student information, learning, and parent communication modules at significantly greater scale.
• Wipro: Wipro is a major Indian-headquartered IT services and custom development provider, serving the same B2B enterprise custom-development market as NeoSoft's professional services and offshore development center offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/neo-soft-technologies-private-limited

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

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 NeoSoft