Draft:BUSY Infotech
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Submission declined on 4 March 2025 by Bonadea (talk).
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| BUSY | |
| Company type | Private |
| Industry | |
| Founded | 1993 |
| Headquarters | , India |
Area served | Worldwide |
Key people | Brijesh Agrawal |
| Products |
|
Number of employees | 51–200[1] |
| Parent | IndiaMART (since 2022)[2] |
| Website | www |
BUSY Infotech Private Limited is an Indian software company that provides accounting software solutions for small and medium-sized enterprises (SMEs). Established in 1993 and headquartered in Delhi, India, the company offers tools for accounting, GST compliance, inventory management, and multi-branch operations. In 2022, BUSY Infotech was acquired by IndiaMART, a leading Indian B2B marketplace, for ₹500 crore (approximately $67 million USD).[2]
History
[edit]BUSY Infotech was founded in 1993 as an accounting software provider, initially focusing on invoicing and financial reporting for small businesses.[3] Over time, the company expanded its offerings to include inventory management and tax compliance features. In 2017, BUSY introduced GST-compliant software to help businesses adapt to India's Goods and Services Tax (GST) regulations.[4]
Products
[edit]BUSY Infotech offers accounting software tailored for small and medium businesses (SMBs), with features such as billing, inventory management, and GST compliance. The software is designed to simplify the transition from traditional accounting methods to automated processes.[5]
Licensing Models
[edit]BUSY Infotech initially offered perpetual licensing for its software, with three editions launched in 2017:
- Basic – Designed for small businesses with fundamental accounting needs.
- Standard – Included inventory and tax management features.
- Enterprise – Aimed at larger businesses requiring advanced financial tools.[5]
In 2022, the company introduced subscription-based plans to offer more flexible pricing options:
- Blue
- Saffron
- Emerald[6]
Acquisitions
[edit]In April 2022, BUSY Infotech was acquired by IndiaMART for ₹500 crore (approximately $67 million USD).[2] The acquisition aimed to integrate BUSY’s accounting solutions into IndiaMART’s ecosystem, enhancing its value proposition for small and medium businesses.[7]
See Also
[edit]References
[edit]- ^ "BUSY Infotech Overview". AmbitionBox. Retrieved 2023-10-10.
- ^ a b c ET Bureau (2022-01-22). "IndiaMART acquires accounting platform Busy Infotech for Rs 500 crore". The Economic Times. Retrieved 2023-10-10.
- ^ "Busy Infotech launches GST-ready business accounting software". ANI News. 2017-03-03. Retrieved 2023-10-10.
- ^ DQINDIA Online (2017-03-07). "Busy Infotech launches GST Ready Business Accounting Software 'BUSY 17'". DATA Quest. Retrieved 2023-10-10.
- ^ a b "BUSY 16 Becomes the First Business Accounting Software to Provide the Latest DVAT e-Return Filing as Per Item Codes". The Financial Express. 2016-05-23. Retrieved 2023-10-10.
- ^ "Indiamart owned Busy Infotech Launches 3 New Subscription Products for Busy Accounting Software". EIN Press Wire. 14 December 2022. Retrieved 2023-10-10.
- ^ CRN Team (2022-01-25). "IndiaMART acquires Accounting Software firm Busy Infotech". CRN India. Retrieved 2023-10-10.
External Links
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