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Home Startup Stories First-gen Entrepreneur Builds A Global IT & Product Engineering Services Company From Kolkata; Clocked ₹14 Crore Revenue During The Last FY

First-gen Entrepreneur Builds A Global IT & Product Engineering Services Company From Kolkata; Clocked ₹14 Crore Revenue During The Last FY

Discover how Amitabh Roy, a first-gen entrepreneur, built & grew CodelogicX, a Kolkata-based IT services startup, into a ₹14 crore global tech company. With innovative products like The360 and TeamTrace, this is a tale of grit & glory.

By Prakhar Chitransh
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Amitabh Roy - Founder & CEO of CodelogicX, receiving the 'SaaS Company of the Year 2024' Award

Amitabh Roy - Founder & CEO of CodelogicX, receiving the 'SaaS Company of the Year 2024' Award by ASSOCHAM

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In the vibrant bustle of Kolkata, where trams rattle in poetic motion and even bazaars hum classic songs, a quiet tech revolution was brewing in 2013.

Amitabh Roy, then a 32-year-old engineer-turned-entrepreneur, sat in a modest office, his savings poured into a dream.

He wasn’t chasing a stable IT job like his parents hoped. Instead, he was building CodelogicX, a Kolkata startup that would soon shake up the Indian IT sector with its product engineering prowess.

Last year, it clocked ₹14 crore in annual revenue—a feat for a bootstrapped tech startup born in a city often overshadowed by Bengaluru’s IT glitz.

But this isn’t just a story of numbers. It’s about a visionary who saw gaps in Kolkata’s IT sector and dared to fill them with innovation, grit, and a knack for software development.

It’s about CodelogicX, now a global IT services company eyeing ₹22 crore this financial year, weaving its way into the Bengal Silicon Valley Tech Hub.

The Spark of Ambition:

Amitabh Roy Speaking at a Tech Conference
Amitabh Roy Speaking at a Tech Conference

Amitabh Roy wasn’t born with a silver spoon or a roadmap to success.

A physics graduate from Assam Central University, he chased his passion for software development with an MCA from Dibrugarh University in 2005.

After his university education, he started working as a full-stack developer for a company, navigating the chaotic world of IT services. But the 2008 global economic crisis hit hard, shaking the foundations of his nascent career.

Most would have clung to safety, but Amitabh saw opportunity in chaos.

“I couldn’t just wait for the storm to pass. I wanted to build something meaningful, something honest,” recalls Amitabh Roy, now the founder and CEO of CodelogicX, during an exclusive interview with Startup Pedia.

Quitting his job in 2009, he dove into freelancing, working remotely for clients across India and beyond.

For the next three and a half years, he honed his craft, building a reputation for quality and reliability. But Kolkata’s IT sector troubled him.

Amitabh observed a significant gap in a landscape dominated by either large corporations or inexperienced smaller companies capitalising on emerging tech startups’ founders' lack of expertise in product development and go-to-market strategies.

These smaller companies often lacked the necessary infrastructure, technology, and engineering capabilities to deliver quality tech products.

Amitabh knew he could do way better.

In March 2013, with a vision to redefine product engineering services, he founded CodelogicX Technologies Private Limited. He was the CEO, the founder, and the only employee, operating from a modest office in Kolkata’s old quarter.

The Indian startup ecosystem was just waking up, and Amitabh was ready to make his mark.

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Challenges Faced During the Initial Journey:

CodelogicX Team
CodelogicX Team

Unlike today, starting a tech startup in Kolkata in 2013 was no small feat.

The word “startup” was alien to most, and the city’s infrastructure lagged behind India’s tech hubs like Bengaluru or Hyderabad. Talented developers scoffed at joining a fledgling firm in a nondescript part of town.

“Convincing skilled engineers to join us was tough. They wanted to work for big companies, not a startup with big dreams,” Amitabh admits to Startup Pedia.

Yet, within a month, two brave and highly-skilled developers joined Amitabh. By the end of six months, four more signed on.

Finding an office was another hurdle. Kolkata’s creaky municipal system wasn’t startup-friendly, so Amitabh made a bold move. Using his savings and family support, he bought a 435-square-foot commercial space outright.

“Renting would’ve drained us. Owning that space allowed me to focus on building great tech products, not bills,” Amitabh explains.

As a first-gen entrepreneur, Amitabh had no mentors to guide him. His parents, hoping for a stable IT career, were wary of his entrepreneurial plunge. He juggled accounts, compliance, legal, and HR single-handedly, learning on the fly.

“Those early days were a crash course in everything about building a startup from the ground up,” he says with a smile.

Bootstrapped and lean, CodelogicX demanded ruthless efficiency. But finding clients wasn’t a problem—his freelancing network brought referrals, and soon, clients from India and abroad came knocking.

In its first year, CodelogicX served four clients, clocking ₹25 lakhs in revenue. It was a modest start, but for Amitabh, it was proof that quality and integrity could win in a crowded market.

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A Pivot to Innovation with The360:

By 2016, CodelogicX was a steady player in the product engineering space, crafting web and mobile apps for tech startups. But Amitabh wasn’t content with just services.

He wanted to create a tech product of his own, something that solved real-world problems. The spark came unexpectedly—a conversation about security in Kolkata’s gated communities.

Amitabh envisioned a mobile app to monitor security guards’ alertness, requiring random check-ins to ensure they were awake. But in early 2016, most guards lacked smartphones.

The idea was shelved—until Jio’s arrival in India in late 2016 changed everything. Smartphones powered by high-speed and affordable internet flooded India, and suddenly, Amitabh’s vision was viable.

In 2018, a fellow business owner’s request for a housing management app reignited the plan.

“We saw a gap in the housing management technology ecosystem. Existing solutions were clunky and outdated, leaving housing societies frustrated,” Amitabh shares.

With a small in-house team, Amitabh built The360, a comprehensive housing management app launched in November 2018 under Securnyx India Pvt. Ltd, as a separate startup led by him.

The360 streamlines security, operations, and accounting for residential communities, offering features like digitized record-keeping, visitor tracking, clubhouse management, etc.

Today, The360 app (available in both Android and iOS versions) serves over 50 housing societies in Kolkata, with plans to expand across several cities in India.

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Scaling New Heights with TeamTrace:

CodelogicX’s ambitious plans didn’t stop at The360.

By 2020, the company had grown to 90 employees, but the COVID-19 pandemic exposed gaps in workforce management.

Tools like Asana, Jira, and Hubstaff were powerful but fragmented, failing to integrate project management with employee tracking.

“We were juggling three tools, and still, my team leaders and I couldn’t tell who was working on what,” Amitabh explains the gap he found.

Frustrated, he decided to build a solution.

In early 2023, CodelogicX began developing TeamTrace, an all-in-one platform for project management, time tracking, and resource allocation.

Launched in October 2023, TeamTrace unifies tasks, Scrum workflows, and employee monitoring, offering features like Kanban boards, risk management, and real-time activity logs.

With different plans priced competitively at ₹160, ₹400, and ₹640 per user per month, it’s a steal compared to much pricier rivals.

TeamTrace has already served over 175 clients in total, including firms with 700 employees, and is currently serving over 110 companies.

Run as a separate entity, TeamTrace aims for 1 lakh users and $1 million ARR (Annual Recurring Revenue) in the next two years.

“TeamTrace is an employee log. Every action, every update—it’s all there, transparent and efficient. It’s our flagship product in the project and productivity management category, and in the near future, we want to create a separate brand identity for it,” Amitabh announces proudly. 

The Road Ahead: A Global Vision

CodelogicX Team Members During an Outbound Activity
CodelogicX Team Members During an Outbound Activity

Today, CodelogicX stands tall in the startup ecosystem, with global offices in the US, UK, and Saudi Arabia.

Its core business—product engineering services—spans AI, ML, data analytics, digital marketing, design engineering, big data, cloud infrastructure, blockchain, and more, serving 200+ clients with a 95% repeat rate.

From healthcare to logistics, and from retail to FMCG, its solutions power emerging startups and large enterprises worldwide. As an official AWS partner, it’s a cut above many Indian IT services peers.

Last financial year (FY 2024-25), CodelogicX hit ₹14 crore in revenue, with a bold target of ₹22 crore revenue for FY 2025-26. Still bootstrapped, it’s eyeing an SME IPO in three to four years.

Amitabh’s next move?

Global expansion into the Middle Eastern countries like the UAE, and a new 38,000-square-foot office in Kolkata’s Bengal Silicon Valley Tech Hub by mid-2026, complete with a mini data centre and a new business vertical to accelerate startups.

“We’re not just building software. We’re shaping the future for our clients, our team, Kolkata, and India,” Amitabh concludes.

With India’s software exports market projected to hit $197.76 billion by 2030, CodelogicX is well-positioned to ride the wave.

Amitabh Roy’s journey is a testament to what grit and vision can achieve. From a lone freelancer to the helm of a global IT service startup, he’s helped turn Kolkata into a tech contender.

Under his leadership, CodelogicX is proving that world-class innovation can emerge from unexpected corners.

As The360 and TeamTrace carve their niches, and CodelogicX expands its global footprint, one thing is clear: this Kolkata-based company’s coding legacy will echo far beyond India's shores. 

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FAQ

What is CodelogicX?
CodelogicX is a Kolkata-based global IT services company specialising in product engineering and software development.
Who is the founder of CodelogicX?
CodelogicX was founded by Amitabh Roy, an engineer-turned-entrepreneur with a background in software development.
When was CodelogicX founded?
CodelogicX was founded in March 2013.
What type of services & products does CodelogicX offer?
CodelogicX offers product engineering services in AI, ML, cloud, big data, blockchain, and more, along with in-house flagship products like The360 (a housing management app) and TeamTrace (a project and productivity management platform).