Vyapar Acquires Suvit to Boost MSME Tech Ecosystem

Bengaluru (Karnataka) [India], November 28: 

Vyapar, one of India’s leading business management and billing platforms, has announced its full acquisition of Suvit, an AI-powered automation accounting solution recognised by the Institute of Chartered Accountants of India (ICAI). The move marks a major step toward building India’s most powerful integrated accounting-tech ecosystem for MSMEs, Chartered Accountants, and tax professionals.

This strategic acquisition brings together Vyapar’s robust business management tools and Suvit’s AI-led automation capabilities, enabling a unified digital platform designed to simplify financial operations, strengthen compliance, and improve efficiency across India’s MSME landscape.

Driving a Unified Digital Future for MSMEs

India’s MSMEs continue to face significant challenges in achieving complete digital transformation, particularly in areas such as financial management, business operations, taxation, and compliance. Through this acquisition, Vyapar aims to bridge these gaps by offering a seamless, end-to-end solution that supports invoicing, pre-accounting, reconciliation, GST filing, and overall practice management for professionals.

“This acquisition brings us closer to Vyapar’s long-standing vision — to empower every Indian business with simple, intelligent, and accessible technology,” said Sumit Agarwal, Founder and CEO of Vyapar. “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 compliance efficiently, reducing their time and effort significantly.”

Suvit’s Role in the Next Phase of Growth

Founded by Ankit Virani, Suvit has emerged as a trusted automation platform helping tax professionals and businesses reduce manual data entry, streamline GST reconciliation, and improve accuracy in pre-accounting workflows. Its AI-driven system enhances productivity and provides insightful analytics for better decision-making.

“Suvit was built to simplify compliance for tax professionals,” said Ankit Virani, Founder and CEO of Suvit. “Joining Vyapar allows us to extend this vision to millions of MSMEs, combining automation and accessibility to deliver an integrated digital experience.”

Following the acquisition, Ankit Virani will assume the role of Business Head at Vyapar, focusing on expanding Suvit’s adoption among tax professionals and strengthening the product roadmap to significantly enhance their workflow efficiency. The company also confirmed that Suvit will undergo a brand evolution in the near future.

The Road Ahead: A Connected Accounting Ecosystem

Together, Vyapar and Suvit are developing a comprehensive, intelligent suite that will streamline every aspect of financial operations—from invoicing to reconciliation to tax filing. The combined platform will focus on enhancing:

• AI-powered GST automation for real-time error detection

• Advanced practice management tools for tax professionals

• Actionable financial insights for better decision-making

• Integrated workflows to help professionals manage multiple clients smoothly

This collaboration aims to redefine how India’s MSMEs manage their finances, reduce operational complexity, and significantly improve compliance accuracy.

About Vyapar

Vyapar is a Bengaluru-based GST billing and accounting software company committed to simplifying business operations for India’s small and medium enterprises. Trusted by over 1 crore businesses, Vyapar offers a comprehensive suite of tools for billing, accounting, inventory management, GST filing, and cash flow oversight. Available in both mobile and desktop versions, Vyapar enables MSMEs to digitise operations without technical barriers or high investment.

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