This Coimbatore Company Just Gave 140 Employees Rs 14 Crore In Bonus – News18

Last Updated:February 11, 2025, 16:54 IST

Kovai.co provides business-to-business software solutions and counts giants like BBC, Boeing and Shell among clients

An AI startup company from Coimbatore has done what most startups only dream of doing. The company, named Kovai.co, has given a bonus of Rs 14 crore to its 140 employees.

Kovai.co is named after the city of Coimbatore. This startup provides business-to-business software solutions (SaaS) and was started by Saravanakumar in 2011. Today, this company is providing its services to big corporations like BBC, Boeing and Shell.

Its founder, 48-year-old Saravanakumar, belongs to Coimbatore but had moved to London 25 years ago. Saravanakumar said that he was an ordinary IT employee for 10 years, but when he saw a void in the market, he decided to start his own company in his hometown.

Kovai.co is a completely bootstrapped startup with no external investment. It offers three major products – Turbo 360, Document 360 and Biztalk 360. Turbo 360 helps reduce cloud costs by up to 30%. Document 360 helps companies create and update help pages, while Biztalk 360 connects backend applications like SAP, Salesforce on one platform.

140 Employees Got A Reward Of Rs 14 Crore

Today, Kovai.co’s annual revenue is $15 million and its total value is estimated to be $100 million. When Saravanakumar was asked why he gave such a big bonus to his employees, he answered: “Why do people work in startups? They hope to become rich, but in most startups, employees get shares, which are only on paper. I thought of giving something concrete to my employees. Three years ago, I said that if they stay with us, they will get a bonus equal to six months’ salary in January 2025.”

Saravanakumar kept his promise and gave a total bonus of Rs 14 crore to 140 employees. His dream is to make Kovai.co a unicorn company. His goal is to achieve revenue of $100 million by 2030.

Location :

Coimbatore, India, India