Overview
Fovea Infotech, an AI‑powered technology and digital transformation company founded by Chandigarh University alumnus Abubakar Akhlaq in July 2025, has reported a turnover of more than Rs 50 lakh within its first year of operations. The venture originated from an idea conceived by Akhlaq in 2022 while studying Computer Science Engineering on the CU campus.
Service Portfolio
The startup delivers an integrated ecosystem of services that includes custom software development, mobile application development, AI automation and Retrieval‑Augmented‑Generation (RAG) based AI solutions, CRM and ERP development, SaaS product development, website design and development, brand strategy and digital branding, performance marketing, social media management, search engine optimisation, cloud and DevOps solutions, corporate identity design, and digital transformation consulting. These offerings are targeted at startups, SMEs, and enterprises in hospitality, healthcare, education, real estate, retail, and manufacturing.
Financial Performance
According to the press release dated 18 August 2026, Fovea Infotech’s sales have crossed the Rs 50 lakh mark in less than twelve months, indicating rapid market acceptance and client acquisition across multiple industry verticals.
Future Vision and Expansion Plans
The founder‑CEO articulated a vision to become one of India’s leading AI‑driven digital transformation firms. Planned initiatives include launching proprietary SaaS platforms, expanding AI and automation product lines, entering international markets in the Middle East, Europe and North America, forging strategic technology partnerships, creating employment opportunities for young technology professionals, and investing in AI research and innovation.
Chandigarh University’s Role
Chandigarh University contributed to the startup’s formation through an innovation‑driven environment, industry‑oriented curriculum, experienced faculty, practical projects, technical workshops, and an entrepreneurial culture. The university, a NAAC A+ graded and QS world‑ranked autonomous institution approved by the UGC, has incubated over 250 startups since its inception in 2012. Its Technology Business Incubator (CU‑TBI) is mobilising Rs 5 crore to further catalyse growth in the campus startup ecosystem.
Founder’s Advice and Institutional Endorsements
Akhlaq advised aspiring student entrepreneurs to act on available resources, focus on solving real‑world problems, embrace continuous learning, and persist through failures. Deepinder Singh Sandhu, Senior Managing Director of Chandigarh University, praised the university’s commitment to nurturing entrepreneurship and highlighted the institution’s award for best placements and its extensive portfolio of more than 109 undergraduate and postgraduate programmes.
Institutional Context
The press release underscores the synergy between academic institutions and emerging technology ventures in India, illustrating how university‑backed incubators and targeted funding can accelerate the growth of AI‑enabled startups.