Vyapar, a business management solutions company, has strategically acquired Suvit, an advanced AI-driven accounting software recognized by the Institute of Chartered Accountants of India (ICAI).
Suvit, founded by Ankit Virani in 2022, is an all-in-one platform for management practice designed specifically for Chartered Accountants and Tax professionals in India. Suvit helps people save the maximum time spent on handwritten data entry and GST reconciliation. Its AI-led platform automates pre-accounting processes, improving accuracy and enhancing decision-making with cutting-edge analytics.
With this acquisition, Vyapar is offering a collaborative platform for business management, automation, and compliance, aiming to develop a connected digital ecosystem for the Ministry of Micro, Small, and Medium Enterprises (MSMEs), CA, and Tax professionals. Together, Vyapar and Suvit will offer an integrated solution that combines Vyapar’s strong business management capabilities with Suvit’s AI-powered automation for greater efficiency.
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Following this merger, Ankit Virani will join Vyapar as the Business Head, and he aims to grow Suvit adoption among tax professionals and help drive the product journey to improve their lives. Moreover, in the near future, Suvit will be renamed to better resonate with the brand’s identity.
