COMPANY INTELLIGENCE PROFILE
CYLLID TECHNOLOGIES PRIVATE LIMITED
Cyllid Technologies Pvt Ltd is the Bangalore-registered entity behind Skit.ai, an agentic AI platform for automating debt-collection conversations across voice, SMS, email and chat.
Cyllid Technologies Pvt Ltd is a Bengaluru-based company founded in 2016, known for its AI platform Skit.ai, which automates debt collection through voice, SMS, email, and chat channels. The firm, recognized as a startup by DPIIT, has reported a revenue of ₹43.52 crore in FY2025 with significant growth figures. Cyllid has raised approximately $47.6 million across various funding rounds. It operates without registered charges or known credit ratings, aligned with its venture capital funding status.
AI-generated, may contain errors.
Business Overview
- Cyllid Technologies Private Limited is the Indian corporate entity behind the brand "Skit.ai", formerly known as Vernacular.ai, rebranded ~2021.
- Registered business activity per Tofler: "Computer Related Services" — design and development of software applications, customized and packaged software.
- Per the company's own site (skit.ai) and thecompanycheck's brand tag, the product is an AI-native, agentic conversational AI platform originally built for voice/customer-conversation automation and today focused on AI-powered debt-collection automation, collections/recovery calls, SMS, email, chat, with claimed regulatory-compliance features, FDCPA/TCPA/Reg F.
- Skit.ai states "one billion conversations" processed, "$1B+ in accounts resolved," partnerships with "53,000+ creditors across 19+ debt types," and ~8 years of live deployments
- Founded 2016, pivoted to collections focus in 2019.
- Company is DPIIT-recognised as a Startup, per thecompanycheck.
- Note: Skit.ai also operates a separate US entity, "Skit.ai USA Inc.," per the company's own about page — Cyllid Technologies Pvt Ltd is understood to be the India operating/holding entity
- The exact legal relationship between the two entities was not independently confirmed from a registry filing.
Sector & Classification
Computer Related Services — "design and development services of software applications including customized and packaged software" (NIC 72900 class, per Tofler); thecompanycheck industry tag: "Internet & Online Service Marketplaces"
Directors & Key Management
Directors — source notes
Six directors listed consistently across Tofler and thecompanycheck (as of their latest snapshot dates, mid-2026): - Sourabh Gupta — DIN 07630017 — Director/Co-founder & CEO (per skit.ai About page) - Akshay Deshraj — DIN 07369209 — Director/Co-founder & CTO (per skit.ai About page) - Ashish Gupta — DIN 00521511 — Director (likely affiliated with Helion Ventures per general market knowledge, NOT independently confirmed from a filed source — flagged as unverified affiliation) - Vani Kola — DIN 01827653 — Nominee Director (publicly known as Managing Director, Kalaari Capital — a fund associated with Skit.ai/Vernacular.ai per aggregated funding-news snippets, not independently confirmed from a primary filing) - Sashi Parvatha Reddi — DIN 00658791 — Nominee Director - Rajiv Kuchhal — DIN 02257381 — Nominee Director Designations (Director vs Nominee Director) per Tofler; DINs cross-confirmed by both Tofler and thecompanycheck (2/2 agreement = confirmed). Shareholding percentages per director: not obtained (Tofler shareholding page locked behind paid subscription).
GST Registrations
Primary GSTIN: 29AAGCC6749K1Z1 (Karnataka, state code 29) — sourced via aggregated GST-lookup search snippet referencing knowyourgst-style data; NOT independently opened on a dedicated GSTIN detail page (attempts to open direct knowyourgst/mastersindia GSTIN pages returned 404/500 errors), so treat as partial/unconfirmed pending a primary GSTIN-page check. PAN: AAGCC6749K (confirmed, 2 sources: Tofler + thecompanycheck). Home state: Karnataka (registered office state). Number of GST registrations: only one (Karnataka) identified; not confirmed as exhaustive — company could have additional state registrations not surfaced. GST status: "Regular" taxpayer per aggregated snippet; not independently verified on a GSTIN portal page.
Financials
CYLLID TECHNOLOGIES PRIVATE LIMITED reported a revenue range of ₹25-50 crore for FY2024 with a 95.77% YoY growth. FY2025 revenue was ₹43.52 crore, marking a 12% increase. The company has shown significant growth in net worth and assets with no long-term debt. Employee count is 117 as of April 2024.
AI-generated, may contain errors.
- Two independent sources give overlapping but not identical figures — flagged as a source conflict:
- Tofler, FY2024, year ended Mar-2024: Revenue range "₹25–50 crore" band, with Total Revenue growth of 95.77% YoY, Networth growth 274.72% YoY, Total Assets growth 202.69% YoY.
- Exact EBITDA/PAT/net worth/borrowings figures are locked behind "Tofler Pro" paywall — not obtained.
- Thecompanycheck, FY2025, year ended Mar-2025: Revenue ₹43.52 crore, +12% YoY growth. EBITDA and Net Profit "locked, premium access required." Employee count 117 (as of Apr 2024).
- Basis: appears to be standalone (India entity) financials; not explicitly labeled standalone vs consolidated by either source — treat as standalone/unconfirmed on that point.
- Borrowings: "No registered charges" reported by both Tofler and thecompanycheck, see charges section, — consistent with negligible/no long-term debt on record.
- Net worth and PAT in absolute rupee terms: not obtained, paywalled on both platforms.
Funding History
| Aggregated from a multi-source search, snippets citing PitchBook, Tracxn, Crunchbase, Inc42, CentralCharts, under the brand names "Vernacular.ai"/"Skit.ai" — NOT independently opened on a single primary source page, so confidence is moderate, not "confirmed": | |
| Total funding cited | ~$47.6 million across 5 rounds from ~86 investors, aggregate figure, unverified against a primary filing. |
| Series B | ~September 2021, $23 million, led by WestBridge Capital; participants reported as Kalaari Capital, Exfinity Ventures, and an AngelList syndicate. |
| Series A | reported ~$5.1 million, date not obtained. |
| A further/latest round | reported ~May 24, 2023, $16.7 million, round name/investors not obtained. |
| Other investors named in aggregate snippets | SRI Capital. |
| Per task rules, Tracxn is usable only for round names — treat the specific dollar figures above as indicative/partial pending confirmation from a primary Tracxn/Crunchbase page, direct fetch attempts to Crunchbase and Tracxn company pages returned 403/404 errors during this session. | |
| Note | nominee directors on the Cyllid Technologies board, Vani Kola, Sashi Parvatha Reddi, Rajiv Kuchhal, are consistent with typical VC board-seat patterns matching some of the investor names above, but no primary source directly ties a specific nominee director to a specific fund in this fetch — flagged as an inference, not a confirmed fact. |
Loans & Charges
- No registered charges found.
- Both Tofler, "no registered charges" per available records, and thecompanycheck, "Charges/Borrowings: None registered", independently report the same — treated as confirmed, 2/2 source agreement, that there are no open charge filings as of each platform's snapshot date.
Credit Ratings
- None found.
- No CRISIL, ICRA, or CARE rating could be located for Cyllid Technologies Private Limited or the Skit.ai brand — consistent with an unlisted, VC-funded tech company that likely has no rated bank debt, also consistent with the "no registered charges" finding above.
Legal & Compliance
- Indian Kanoon search for "Cyllid Technologies Private Limited" returned no matching results — no court cases or judgments found under this exact legal name in this session's search.
Competitive Landscape
- Named peers in the AI-powered/agentic debt-collection automation space, from aggregated web search, not primary filings:
- TrueAccord (US) — established AI-driven consumer debt recovery platform, larger/more mature scale.
- Prodigal, US/India-founded, YC-backed, — AI platform for collections agent-assist and QA; direct comparable scale, actively markets head-to-head comparisons against Skit.ai.
- Katabat (US/UK) — collections software provider, comparable enterprise-scale peer.
- Domu AI — smaller/newer AI collections automation entrant.
- AInora — smaller/newer AI debt-collection platform.
- Scale tags are rough/qualitative only; no verified revenue or funding comparison was obtained for these peers in this session.
Frequently Asked Questions
What does Cyllid Technologies Pvt Ltd do?
Cyllid Technologies Pvt Ltd is the Bangalore-registered entity behind Skit.ai, an agentic AI platform for automating debt-collection conversations across voice, SMS, email, and chat.
What is the CIN of Cyllid Technologies Pvt Ltd?
The CIN of Cyllid Technologies Pvt Ltd is U72900KA2016PTC096928.
What is the GSTIN of Cyllid Technologies Pvt Ltd?
The primary GSTIN of Cyllid Technologies Pvt Ltd is 29AAGCC6749K1Z1, registered in Karnataka.
When was Cyllid Technologies Pvt Ltd incorporated?
Cyllid Technologies Pvt Ltd was incorporated on 04 October 2016.
Where is the registered office of Cyllid Technologies Pvt Ltd?
The registered office of Cyllid Technologies Pvt Ltd is located at 315 Work Avenue, Adonis, BBMP Municipal No. 3/1, Kolar Road (Old Madras Road), Sarvagna Nagar, Ward No. 85, Binnamangala, Indiranagar, Bangalore, Bangalore North, Karnataka, India, 560038.
Sources
Tofler (www.tofler.in/cyllid-technologies-private-limited/company/U72900KA2016PTC096928 — main, /financials, /shareholding sub-pages); TheCompanyCheck (www.thecompanycheck.com/company/cyllid-technologies-private-limited/U72900KA2016PTC096928); Indian Kanoon (indiankanoon.org — legal search, no results); Skit.ai official site (skit.ai — homepage and /about-us/, incl. og:image/logo SVG); aggregated DuckDuckGo HTML search snippets (citing Tracxn/Crunchbase/PitchBook/Inc42/CentralCharts) for funding, competitors, GSTIN, and credit-rating checks. Falconebiz.com and direct Crunchbase/Tracxn/knowyourgst/mastersindia/findgst pages were attempted but returned generic homepages or 403/404/500 errors and could not be used as standalone corroborating sources in this session.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.