What memstech does

Memstech is a privately held Indian technology company headquartered in Coimbatore, Tamil Nadu, that operates a dual business model combining custom software development services with a portfolio of proprietary vertical-specific software products. Its professional services arm — organized under four pillars (Growth Engine for business strategy consulting, Digital Core for software and embedded systems development, Informed Action for data analytics and AI-powered decision support, and Narrative Power for brand communication) — provides dedicated development teams to startups and enterprises globally, with stated expertise in ERP integration, automotive diagnostics, supply chain risk management, and cybersecurity.

The company's proprietary product portfolio spans four distinct platforms: GoldEase, a digital gold savings and jewellery engagement platform with UPI/card payment integration replacing traditional chit schemes; AnchorCRM, a CRM and e-commerce system for industrial product businesses managing leads, dealers, distributors, and orders with integrated chatbot support; MDIP (Management Decision Intelligence Platform), a conversational AI decision intelligence platform for Indian manufacturing that connects to ERP, MES, SCADA, WMS, QMS, and HRMS systems and delivers explainable answers in 5+ Indian languages across 8 modular intelligence modules; and ProEYE, an AI-first validation and verification operating system for safety-critical autonomy that converts multimodal driving data into scenarios, KPIs, and simulation-ready outputs. Underlying technology stacks include Docker, AWS, PHP, Java, .NET, React, Angular, Node.js, Python, Flutter, and Android.

Commercially, Memstech runs a quote-based, consultative sales motion with no publicly disclosed pricing; all product and service pages use "Request a Demo" or "Free Consultation" CTAs. Revenue is generated from professional services engagements and a subscription model for its software products (MDIP explicitly uses a modular 'pay only for what you use' pricing). The company serves automotive, manufacturing, jewellery, industrial products, and autonomous vehicle sectors, claims 50+ clients served globally, maintains distributor relationships with Denselight and IR Sensors and Systems, and holds stated compliance with DPDPA 2023, IATF 16949, FDA 21 CFR Part 11, and Indian regulatory frameworks including BEE PAT, PLI, ZED, and Schedule M. No revenue, headcount, funding, or ownership data is publicly disclosed.

Name

memstech

Legal name

Memstech

Website

https://memstech.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Custom Software Development and Enterprise SaaS Platforms

NAICS

Custom Computer Programming Services (541511), Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)

akta.pro primary industry

Sensors, MEMS & Imaging ICs (HDAHAAAG)

akta.pro secondary industries

Sensor Fusion, Interface ICs & Modules (AFE/Readout/Packaging/Calibration) (HDAHALAO), Automotive & Industrial-Grade IDMs (HDAHAAAI)

Keywords

• Custom software development
• Dedicated development teams
• Conversational AI platform
• Manufacturing decision intelligence
• Embedded systems engineering

Headquarters

HQ city

Coimbatore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Custom Software Development & Dedicated Teams: Revenue generated from providing dedicated development teams to clients for custom software solutions. Services span across automotive, manufacturing, and general enterprise sectors. Engagement model involves tailored team deployment for specific client projects.
2. Product Subscriptions (GoldEase, AnchorCRM, MDIP, ProEYE): SaaS-style product offerings with modular pricing. MDIP explicitly mentions modular deployment where clients 'activate only the intelligence modules you need, pay only for what you use'. Products target specific industry verticals with purpose-built solutions.
3. Technology Consulting Services: Business strategy consulting, digital transformation, data analytics, and brand communication services provided under four main service lines: Growth Engine, Digital Core, Informed Action, and Narrative Power.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Memstech is a custom software development and technology consulting company that builds dedicated development teams and sells four proprietary vertical-specific software products — GoldEase (digital gold savings), AnchorCRM (CRM/e-commerce for industrial product distribution), MDIP (manufacturing decision intelligence), and ProEYE (AI-first V&V operating system for autonomous vehicles). Its services span four pillars: Growth Engine (business strategy consulting), Digital Core (software development, embedded systems, AI chatbot development), Informed Action (data analytics), and Narrative Power (brand communication) for clients in automotive, manufacturing, jewellery, and industrial products sectors.

Product overview

Memstech is a custom software development and technology consulting company offering both proprietary products and professional services. The product portfolio consists of four distinct platforms: GoldEase (digital gold savings platform for jewellers replacing traditional chit schemes), AnchorCRM (CRM and e-commerce platform for industrial product businesses), MDIP (conversational AI decision intelligence platform with 8 modular capabilities for manufacturing), and ProEYE (AI-first V&V operating system for autonomous vehicle validation). The service offerings include Digital Core (software development, embedded systems, chatbot integration), Growth Engine (business strategy and process consulting), Informed Action (data analytics and AI-powered decision support), and Narrative Power (brand strategy and marketing communication). The company serves automotive, manufacturing, jewellery, and industrial products sectors with technology partners offering expertise in ERP, automotive diagnostics, supply chain risk management, and cybersecurity.

Differentiator

Problem solved

Functional benefit

Brands

• GoldEase: Smart digital gold savings platform for jewellery customers. Enables digital gold investment at live market rates with real-time balance tracking and jewellery redemption.
• AnchorCRM
• MDIP
• ProEYE

Products and services

• GoldEase GoldEase is a digital gold savings platform that provides jewellery retailers and digital gold businesses with admin control, customer onboarding, savings management, transaction processing, and secure infrastructure for running a digital gold offering.
• AnchorCRM AnchorCRM is a combined CRM and e-commerce platform built for industrial product distributors and manufacturers, enabling catalogue management, enquiry handling, chatbot-assisted customer engagement, sales reporting, and end-to-end order management across distributor and dealer networks.
• MDIP (Management Decision Intelligence Platform) MDIP is a manufacturing-focused decision intelligence and data acquisition platform that connects factory machinery, captures real-time operational data, enables AI-driven decisions, predictive maintenance, energy management, OEE tracking, and integrates with SAP, Oracle, Microsoft Dynamics, Salesforce and Descartes.
• ProEYE ProEYE is an AI-first verification and validation operating system that uses multimodal detection, predictive analytics, and computer vision to support autonomous vehicle, ADAS, drone, and robotics V&V workflows, distributed through partners including Denselight and IR Sensors and Systems.
• Digital Core Services Digital Core Services covers software development, embedded systems, chatbot development, generative AI, conversational AI, and NLP solutions for enterprise and startup clients needing technology engineering support.
• Growth Engine Services Growth Engine Services delivers business strategy consulting that helps clients plan, position, and scale, complementing Digital Core technical delivery with go-to-market and growth planning.
• Informed Action Services Informed Action Services provides data analytics services, including custom dashboards, visualization, and insights tools built with platforms such as Power BI and Tableau for enterprises that need business intelligence and data-driven reporting.
• Narrative Power Services Narrative Power Services provides brand communication services, including brand strategy, identity design, and storytelling that help clients articulate positioning, messaging, and digital presence.

Quantifiable outcome

• GoldEase achieves 92% customer retention rate and 40% revenue growth for jewellers
• +6 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability13 records

Feature5 records

Partnerships

Two partnerships are on record, tiered minor.

• DenselightminorChannel Partner/ Reseller/ DistributorDenselight is listed as a distributor partner on Memstech's website. The specific products or regions covered under this distribution relationship are not detailed in the source material.
• IR Sensors and SystemsminorChannel Partner/ Reseller/ DistributorIR Sensors and Systems is listed as a distributor partner on Memstech's website. The scope of the distribution relationship (products, regions) is not specified in the available source material.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Mphasis: India-based IT services company with vertical focus areas including manufacturing, BFSI, and logistics; competes with Memstech's dedicated development team offering and manufacturing AI initiatives.
• Mindtree (LTI Mindtree): Indian IT services firm with comparable scale and similar manufacturing, BFSI, and consumer verticals; overlaps with Memstech's custom development, analytics, and digital transformation services.
• Cyient: Engineering and digital services firm with strong embedded systems, manufacturing, and aerospace verticals; competes with Memstech on engineering services and IoT/embedded development for industrial clients.
• Persistent Systems: Mid-tier Indian IT services company with healthcare, BFSI, and manufacturing verticals; offers dedicated development teams and SaaS-style platforms, overlapping Memstech's Digital Core and MDIP value propositions.
• Birlasoft: Manufacturing-focused IT services firm under the CK Birla Group with deep ERP (SAP) and industrial vertical expertise; directly competes for Memstech's manufacturing ERP/SCADA integration and decision intelligence work.
• ITC Infotech: India-based IT services arm of ITC group, serving manufacturing, BFSI, and consumer goods with custom development and analytics — directly comparable to Memstech's four-pillar service model.
• Tata Elxsi: India-headquartered design and technology services company with deep focus on automotive, embedded systems, IoT, and AI — closely mirroring Memstech's automotive diagnostics, embedded, and manufacturing AI positioning.
• Sonata Software: Indian IT services and platform company serving manufacturing, retail, and distribution with proprietary platforms (e.g., Brick & Click) — comparable to Memstech's vertical product approach with AnchorCRM and MDIP.

Emerging players

• Tiger Analytics: India-based advanced analytics and AI firm serving manufacturing and CPG with predictive, NLP, and decision intelligence capabilities — directly competes with Memstech's MDIP platform on manufacturing analytics.

Broad incumbents

• HCLTech: Large global Indian IT services giant with broad manufacturing, automotive, and engineering R&D service lines; competes with Memstech at the upper end of the manufacturing IT services market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/jetmobile-sas

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

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 memstech