Formidium is a leading global fund administrator specializing in alternative investment funds. Our proprietary technology solutions deliver unparalleled flexibility to meet bespoke client needs, far surpassing standard off-the-shelf systems. We offer a comprehensive suite of services—including Net Asset Value (NAV) reporting, year-end tax and financial reporting, cross-currency and cryptocurrency integration, and full compliance support to alternative investment funds worldwide. Our cloud-native, scalable SaaS platform enables automated workflows, real-time data access, and modular capabilities that support seamless growth. Since 2016, the firm has built a global presence with offices in the U.S., India, Canada, Singapore, UK and Hong Kong supporting over 700+ clients, over 2200+ entities, and managing $34B+ in assets under administration (AUA) across 25+ jurisdictions.
| Website | https://formidium.com/ |
| Revenue | $121.9 million |
| Employees | 554 (501 on RocketReach) |
| Founded | 2016 |
| Address | 3025 Highland Pkwy Suite 330, Downers Grove, Illinois 60515, US |
| Industry | Financial Services |
| Keywords | Alternative Investments, Hedge Fund Administration, Private Equity Administration, Multi Asset Funds, Fund Accounting, Financial Reporting, Regulatory Compliance, Investor Reporting, Portfolio Management, Risk Management, Capital Calls, Asset Servicing, Fund Services, Financial Services, Alternative Asset Management, Investment Operations |
| Competitors | Microsoft, Alteryx, Zapier, Nintex, Workato, Parabola, Tray.io, IFTTT, Integromat, Automate.io (acquired by Notion) +39 more (view full list) |
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Formidium Questions
The Formidium annual revenue was $121.9 million in 2026.
Nilesh Sudrania is the Founder and Capital Allocator of Formidium.
501 people are employed at Formidium.
Formidium is based in Downers Grove, Illinois.
Top Formidium Employees
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Nilesh Sudrania
Founder and Capital Allocator at Formidium
Chicago, IL, US25+ -
Nitin Somani
CEO at Formidium
Jaipur, RJ, IN22 -
Rakesh Kumar
Chief Technology Officer at Formidium
Naperville, IL, US33 -
Manish Sudrania
Co-Founder at Formidium
Jaipur, RJ, IN11 -
Manish Agrawal
Co-Founder at Formidium
Jaipur, RJ, IN22 -
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Priya Goyal
EVP at Formidium
Oak Brook, IL, US1 -
Manish Patravali
Vice President at Formidium
Toronto, ON, CA21
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