Vyapar, a business management platform, has acquired Suvit, an AI-powered automation accounting software recognized by the Institute of Chartered Accountants of India (ICAI).
Founded in 2022 by Ankit Virani, Suvit is an all-in-one practice management platform designed specifically for Chartered Accountants and Tax Professionals in India.
Suvit helps tax professionals and businesses save a maximum amount of time spent on manual data entry and GST reconciliation. Its AI-led platform automates pre-accounting processes, enhances accuracy, and improves decision-making with advanced analytics.
With this acquisition, Vyapar aims to create a connected digital ecosystem for MSME’s, CA and Tax Professionals, offering them a unified platform for business management, automation, and compliance.
Vyapar and Suvit will come together to offer an integrated solution that merges Vyapar’s robust business management capabilities with Suvit’s AI Automation-driven efficiency.
Following the acquisition, Ankit Virani will join Vyapar as the Business Head and will focus on growing the adoption of Suvit with In-Tax professionals and help drive the product journey to make the life of Tax professionals 10x better. Also, in the near future, Suvit will be renamed depending on what resonates with the brand’s identity.
The combined platform will aim to offer end-to-end workflows, from invoicing to reconciliation to tax filing, through a single intelligent suite. The collaboration will focus on enhancing GST automation for real-time error detection and seamless filing, strengthening the tax professionals with actionable financial insights and advanced practice management features, which will enable them to handle multiple clients with greater ease.
Sumit Agarwal, Founder and CEO of Vyapar, said, “This acquisition brings us closer to Vyapar’s long-standing vision — to empower every Indian business with simple, intelligent, and accessible technology. Together with Suvit, we are building a connected financial future for MSMEs and tax professionals alike. By joining forces with Suvit, we want to equip tax professionals to handle more clients and manage their compliances efficiently. Ensuring to significantly reduce their time and effort.”
Ankit Virani, Founder and CEO of Suvit, said, “Suvit was built to simplify compliance for tax professionals. Joining Vyapar allows us to extend this vision to millions of MSMEs, combining automation and accessibility to deliver an integrated digital experience.”
Founded in 2016 by Sumit Agarwal, Ruqiya Irum and Shubham Agrawal, Vyapar is a billing, accounting and inventory management software. Vyapar provides accounting software for mobile and desktop users to manage invoicing, inventory and accounting needs. The platform enables MSMEs to handle invoicing, inventory, accounting and compliance requirements, among other functions.
