Depth note: partner / competitor profile. Builds on the repo’s Infinite Uptime research report and technical report; this file adds 2025–26 financials, the October 2026 Microsoft news, and the founder’s other directorships.
[~]= estimate,[!]= unverified.
1. Company overview & snapshot
1.0 The connection — Raunak Bhinge
- Role: Founder and Managing Director, Infinite Uptime, since December 2015. Karthikeyan Natarajan holds the CEO title (repo report); older company posts call Raunak “MD & CEO”.
- Background: PhD in mechanical engineering, UC Berkeley (smart, data-driven manufacturing; best-known paper on energy prediction models for machine tools); B.Tech and M.Tech from IIT Madras; founded AviPulse (2013–15); internship at Cummins. Pune-based.
- Other directorships (MCA): Covacsis Technologies, Atomic Fusion Technologies, and Forgemax Auto Components Pvt Ltd (family business).
- Connection status: 1st-degree LinkedIn connection of Utso.
- How to use him: founder-to-founder relationship. Trade market notes, possibly referrals of mid-market plants below his enterprise threshold. Never a buyer.
1.1 Legal identity & structure
- Legal name: Infinite Uptime India Private Limited. CIN
U74999PN2016PTC166053, incorporated 18 August 2016. - Registered office: 5th Floor, Vasundhara Spaces, Nagras Road, Aundh, Pune 411007.
- Directors: Raunak Dhananjay Bhinge (DIN 05200448), Dhananjay Ramdas Bhinge (his father).
- Group: Infinite Uptime Inc. (Alpharetta, Georgia, USA) and MOVUS (Australia, acquired).
- Funding: ~$65–69 M total; Series C $35 M in March 2025 led by Avataar Ventures.
1.2 What they sell
PlantOS: sensors and edge devices on rotating equipment plus a prescriptive-AI platform. It started as vibration-based reliability and since 2026 includes a Process & Energy Efficiency module (EDGEIU) with claims of 3–8% energy reduction in cement. April 2026: “PlantOS 2.0” with agentic features. 6 October 2026: expanded Microsoft collaboration (PlantOS on Azure, Marketplace listing, Pegasus program); claims 1,000+ plants, 172 customers, 28 countries. Main customers: cement, steel, paper, chemicals majors (e.g., Star Cement case study claiming 10x ROI).
Revenue range (all figures found)
| FY | Figure | Basis | Source | Note |
|---|---|---|---|---|
| FY25 | ₹82.81 Cr revenue; net loss ₹21.5 Cr; expenses ₹104.3 Cr | India entity, MCA | Inc42 financials | +50% YoY |
| FY24 | ₹54.74 Cr; net loss ₹8.4 Cr | India entity | Inc42 / TheCompanyCheck | |
| FY23 | ₹24.71 Cr | India entity | TheCompanyCheck | |
| — | “$113 M” | Estimate | GetLatka | Unreliable; ignore |
Working revenue range: ₹82–83 Cr (FY25). Confidence: high. The user’s brief (~₹83 Cr) is confirmed, but the loss widened to ₹21.5 Cr, which conflicts with any “cash-flow positive” claims.
1.3 Footprint
No manufacturing plant. Offices in Pune (Aundh), Alpharetta (US), UAE presence. Employees ~386–624 depending on source; Revelio data shows hiring slowing in 2026.
1.4 Champion map & decision path
| Type | Name | Role | ||
|---|---|---|---|---|
| Connection | Raunak Bhinge | Founder & MD | https://www.linkedin.com/in/raunak-bhinge-aa448796 | raunak.bhinge@infinite-uptime.com (inferred) |
| Leadership | Karthikeyan Natarajan | CEO | https://www.linkedin.com/in/iamkarthiknatarajan | unknown |
| Finance | Gaurav Kant | CFO (The Org, unverified) | search | unknown |
| Family business | Dhananjay Bhinge | Director, Forgemax Auto Components | search | drbhinge@forgemax.com (verified, Forgemax contact page) |
| Compliance | Kuldeep Rane | Grievance officer | — | kuldeep.rane@infinite-uptime.com (verified) |
Companies he could introduce:
| Company | Link | What it is | Stamped relevance |
|---|---|---|---|
| Forgemax Auto Components Pvt Ltd | Director (family) | J-194 MIDC Bhosari, Pune; shifters, actuators, steering-column parts; IATF 16949; revenue ₹1–10 Cr band | Too small for ICP; goodwill pilot at most |
| Covacsis Technologies | Director | Industrial analytics company [~] | Peer |
| Mid-market plants turned away by their enterprise motion | Referral | Unknown | Main referral upside |
Decision path: none for a sale. Relationship sits with Raunak alone.
2. Energy profile
DISCOM: not applicable — no plant (nearest relevant: Forgemax Auto Components, MIDC Bhosari, Pune — MSEDCL).
Forgemax’s bill is likely ₹3–10 lakh/month [~], well below our ₹30 lakh floor. Energy matters here as product overlap, not as a bill: Infinite Uptime now sells energy efficiency to cement and steel.
3. Operations, equipment & digital stack
Hardware (vibration and process sensors, edge gateways) plus cloud platform, now on Azure. Their deployment model needs sensors on assets; Stamped is read-only on existing meters, EMS and SCADA. Sales model: enterprise, multi-plant subscriptions to large groups, often with global contracts.
4. Stamped Energy fit analysis
4.1 Coopetition analysis
| Dimension | Infinite Uptime | Stamped | Overlap |
|---|---|---|---|
| Core outcome | Uptime and reliability, now process and energy | ₹ saved on the power bill | Medium, growing |
| Data | Own sensors + edge + process tags | Existing meters, EMS, SCADA, bills (read-only) | Low |
| Buyer | Corporate digital / reliability heads at large groups | Plant head and owner at mid-sized plants | Low |
| Target size | Cement, steel, paper majors; 1,000+ plants | ₹300–5,000 Cr North India forge/auto/process plants | Low today |
| Proof | ROI case studies, “validated outcomes” language | Verified with evidence on our ledger, 60-Day Proof | Messaging overlap |
| Delivery | Diagnostics service team | WhatsApp prescriptions to named owners | Low |
Where they compete: if PlantOS’s energy module moves down-market, or if a mid-sized plant is comparing “AI for the plant” vendors. Their “from alerts to validated outcomes” language now sounds close to our verification story.
Where they could partner: they have reliability coverage on rotating assets; we have the bill and ₹ ledger. A plant using both gets maintenance and cost in one picture. Realistic partnership is unlikely soon because they are pushing their own energy module.
What we learn from talking: pricing pressure in mid-market, how plant heads respond to prescriptions, integration with Azure, how long enterprise pilots really take.
The strongest wedge is: a founder-to-founder relationship that starts with market notes and, over time, gets us referrals of mid-sized North India plants that are too small for Infinite Uptime’s enterprise motion, while sharing nothing about our verification method, customers or pricing.
Fit score 3/10, label “Partner / competitor”, as the brief specifies.
4.2 What not to share
Customer names beyond LNM Auto, plant data, pricing and proof terms, ledger and baseline method, pipeline and cluster lists, fundraising, roadmap.
5. Before you reach out
- Read the 6 October 2026 Microsoft release so the congratulations are specific.
- Decide in advance what market notes you will share (public facts only).
- Ask how they think about mid-market Indian plants.
- Ask how long their enterprise pilots take to convert.
- Ask whether they refer out deals that are too small.
- Ask about Forgemax only if the conversation turns personal.
- Do not lead with product detail or a demo.
- Do not pitch Stamped as an alternative to PlantOS.
- Do not quote their losses or funding to him.
6. Risks, flags, controversies & sources
6.1 Integrity / controversy / regulatory
- Information leakage risk: they are a better-funded company now selling energy efficiency. Anything said about our method, customers or pricing can shape their mid-market offer.
- Financial: FY25 loss of ₹21.5 Cr on ₹82.8 Cr revenue; burn may push them toward any revenue, including smaller plants that overlap with ours.
- Controversies: none found (searched: “Infinite Uptime” lawsuit, dispute, layoffs, customer complaint, 2024–2026).
6.2 Data quality flags
- CEO/MD title split between Karthikeyan Natarajan and Raunak Bhinge differs by source.
- Employee counts vary widely by source.
- GetLatka revenue is an estimate and contradicts MCA data.
- Raunak’s email is inferred.
6.3 Sources consulted
- TheCompanyCheck: https://www.thecompanycheck.com/company/infinite-uptime-india-private-limited/U74999PN2016PTC166053
- Inc42 financials: https://inc42.com/company/infinite-uptime/financials/
- Inc42 person page: https://inc42.com/person/raunak-bhinge-aa448796/
- Series C: https://indianstartupnews.com/funding/infinite-uptime-raises-35-million-plans-expansion-in-us-market-8843756
- Microsoft collaboration release: https://www.thehindubusinessline.com/brandhub/pr-release/infinite-uptime-moves-manufacturing-ai-from-alerts-to-validated-outcomes-in-collaboration-with-microsoft/article71546422.ece
- GetLatka: https://getlatka.com/companies/infinite-uptime.com
- Company page: https://www.infinite-uptime.com/company/
- Email format: https://rocketreach.co/infinite-uptime-email-format_b5bf30acf63e6955
- IndiaFilings: https://www.indiafilings.com/search/infinite-uptime-india-private-limited-cin-U74999PN2016PTC166053
- Product pages: https://www.infinite-uptime.com/prescriptive-ai-for-cement-industry/ ; https://www.infinite-uptime.com/plantos-prescriptive-ai/ ; https://www.infinite-uptime.com/prescriptive-ai-platform-plantos/ ; https://www.infinite-uptime.com/prescriptive-ai-for-us-cement/
- Star Cement case study: https://www.infinite-uptime.com/casestudy/Star-Cement-achieves-10X-ROI-in-less-than-6months-with-prescriptive-AI.pdf
- Revelio headcount: https://www.reveliolabs.com/companies/infinite-uptime/employees
- The Org profile: https://theorg.com/org/infinite-uptime/org-chart/raunak-bhinge
- Raunak Bhinge LinkedIn: https://linkedin.com/in/raunak-bhinge-aa448796
- Forgemax: https://www.tofler.in/forgemax-auto-components-private-limited/company/U28999PN2006PTC128793 ; https://forgemax.in/overview/ ; https://forgemax.in/contact/ ; https://www.infyner.com/company/forgemax-auto-components-private-limited/U28999PN2006PTC128793
- Repo: Infinite Uptime research report ; technical report