Cygnet Infotech Private Limited Cygnet was born in 2000 when the Indian government introduced CENVAT for excise registration of traders-a new mandatory feature that none of the existing accounting software supported. Our parent company set up an in-house team and built an accounting software for internal use. Within a year, we sold the product to 40 eager clients, and we realized that we had the capability and knack of resolving business problems through innovative IT solutions.