Vyapar Completes Suvit Acquisition to Strengthen MSME Ecosystem

A bold step toward India's most powerful accounting-tech ecosystem — Vyapar, one of the country’s leading business management platforms, has fully acquired Suvit, an AI-powered automation accounting software recognized by the Institute of Chartered Accountants of India (ICAI). The acquisition marks a major step toward creating a connected digital ecosystem for MSME's, CA and Tax Professionals, offering them a unified platform for business management, automation, and compliance. 

Empowering MSMEs through a Unified Digital Future

India’s MSMEs form the backbone of the economy, yet it continues to face hurdles in providing MSMEs with a digital future, helping them to manage their financial and business operations, filing taxes and maintaining compliance. With this acquisition, 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.

“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.” said Sumit Agarwal, Founder and CEO of Vyapar. “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. ”

Suvit’s Role in the Next Phase of Growth

Founded by Ankit Virani, Suvit has become a trusted automation platform that helps tax professionals and businesses save a maximum amount of the 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.

“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 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 will resonate with the brand's identity.

The Road Ahead

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 advance practice management features which will enable them to handle multiple clients with greater ease.

Together, Vyapar and Suvit are redefining how India’s small businesses manage their financial operations, reducing complexity, improving compliance accuracy, by driving the overall operational efficiency across the MSME landscape.