Managing property, maintenance and workplaces
Property management: leases, rent and accounts
MRI Softwarewith engineers in Bengaluru and Pune, sells the software on which landlords and investors manage their property, leases and accounts. It has the most job postings in this Market Segment.
RealPage Inc.with engineers in Hyderabad, and its Indian arm RealPage India sell property-management software to American apartment landlords. RealPage also sells software that recommends what rent to charge. American regulators have challenged that software as helping landlords raise rents together.
Storablewith engineers in Hyderabad, sells software for self-storage businesses. Self-storage means renting out small lockable rooms where people keep their belongings. It is a common business in America. (More on Storable in Market Segment 21.5, Embedded insurance, in Industry Vertical 21, Insurtech.)
Finantic AIwith engineers in Chennai, sells AI accounting for property companies.
Facilities management: maintenance and workplaces
Epturawith engineers in Delhi, sells Archibus and other systems for managing workplaces, desks and assets. Employees use such systems to book a desk or a meeting room. The company uses them to see how much of its office space is really used.
ServiceChannelwith engineers in Bengaluru, runs a platform for retailers and restaurants. A chain with hundreds of outlets uses it to order repairs and maintenance from local contractors, and to track each job.
Brightly Softwarenow part of Siemens, with engineers in Delhi, sells maintenance and asset-management software to schools, cities and hospitals.
How a repair is run as a work order: something breaks in an outlet, the job is logged in the software, assigned to a local contractor and tracked until it is done. ServiceChannel runs this for chains of retailers and restaurants.
Four more companies work in this area:
Building and Industrial Control System (BICSYS)in Bengaluru and Pune
Naviam
AIIR Intelligent HVAC
Visitlyin Delhi
Six companies covered mainly in other Market Segments also work here:
Kidde Global Solutionswith engineers in Hyderabad, makes smoke alarms, and Otis Elevator Co. makes lifts. (More on both in Market Segment 37.9, Building technology and HVAC, in Industry Vertical 37, Manufacturing tech.)
StarRez Inc.with engineers in Hyderabad, and SpaceBasic sell software for student housing, such as university hostels. (More on both in Market Segment 42.3, School and university management software, in Industry Vertical 42, Edtech.)
Archipelagowith engineers in Delhi, sells risk data on commercial property, used to insure it. (More on it in Market Segment 21.3, Underwriting, pricing and claims analytics, in Industry Vertical 21, Insurtech.)
SiteReconwith engineers in Delhi, maps properties for landscapers, the contractors who look after a property's grounds. (More on it in Market Segment 15.6, Field service and appointment booking software, in Industry Vertical 15, Customer service and CX.)
The rent set by an algorithm.
Rent-pricing software promised landlords better prices from better data. American regulators argued that it can act like a cartel, when competing landlords share their data through one algorithm. A cartel is a group of competitors that agree on prices instead of competing. The case shows that software which sets prices raises questions of competition law. The software companies building it in India are in the middle of this.
Rent set by one algorithm: competing landlords share their data with one pricing algorithm, which recommends a rent back to each of them. American regulators argued that this can act like a cartel.
That is the software of a finished building: property management for the money, and facilities management for the maintenance and the space. Most of the buyers are American, and much of the software is built in Bengaluru and Hyderabad.
