Recruitment, payroll & HR outsourcing, HR consulting, IT staffing, facility & marketing and more: the companies building hr services in India, with their founders, funding, team size and business models.
Funding, M&A, contract wins and launches involving 3,306 hr services companies in India, last 24 months: 24 Contracts · 12 M&A deals · 5 funding rounds · 3 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.
ContractService
ITCONS e-Solutions · client: Indian Council of Medical Research (ICMR), Department of Health Research, Ministry of Health and Family Welfare
ITCONS E-Solutions has secured new contract worth around Rs 1.23 crore (inclusive of all taxes and duties) for providing 33 resources for a period of one year.
ITCONS E-Solutions has secured new contract worth around Rs 1.23 crore (inclusive of all taxes and duties) for providing 33 resources for a period of one year.
Technology
LaunchPOWER (Professional Opportunity for Workforce Empowerment & Reboot)
TeamLease Digital has launched POWER (Professional Opportunity for Workforce Empowerment & Reboot), a structured ‘returnship’ programme aimed at bringing experienced professionals,…
Returnship Programme
M&AAcquisition · Announced
Talentpro india acquires PSN SupplyChain Solutions Pvt. Ltd.
5 months ago TalentPro India, a leading provider of staffing, payroll, and compliance management solutions, today announced the acquisition of PSN SupplyChain Solutions Pvt. Ltd.
Mobile-first social gaming platform STAN announced that Sony Innovation Fund, the corporate venture capital arm of Sony Group Corporation, well known for backing ventures in…
Beauty and personal care appliance startup Protouch has secured ₹17.7 crore ($2 million) in a pre-Series A funding round led by venture capital firm GVFL, with participation from…
Aarvi Encon Limited has received a work order from a leading renewable energy company in India for project management and technical manpower support for a new wind farm project. The…
Hiliks Technologies hit its 20 percent upper circuit after securing a Rs. 33.39 crore sub-contract order from MSR-Medikonda JV for railway signalling and telecommunication works under…
Tuesday Capital, a equity investment company founded a year ago, has just reached 14.3% of WDC's capital, a technology infrastructure B2B company that markets and rents solutions, from…
Gaming and social community startup STAN has raised $8.5 million in Series A funding. The round saw participation from Google AI Futures Fund, Bandai Namco, Square Enix, and others…
Technology-driven human resources solutions provider CIEL HR Services on Friday said it has acquired Vibrant Screen, which offers background verification services worldwide.
Jobizo, a healthcare hiring platform designed to revolutionize the hiring process for healthcare businesses, has raised $1.4 million in pre-series funding led by Alkemi Growth Capital.
Fairbridge Capital (Mauritius), a subsidiary of Fairfax Financial Holdings, acquired 3,77,218 equity shares of Quess Corp, representing 0.25% of the company's paid-up capital.
Managed outsourcing and technology-enabled services
M&AAcquisition · Announced
Teamlease services acquires Crystal HR and Security Solutions Private Limited
TeamLease has acquired a 30% equity stake in Crystal HR, a Chennai-based HR SaaS provider.
Quess Corp, India’s leading business solutions provider, today launched the “IT Staffing Quarterly Digital Skills Report Q2FY25’, offering insights into the technology skills shaping the…
Entigrity, a global leader in staffing solutions, and MYCPE, a renowned provider of Continuing Professional Education (CPE) services to CPA & accounting firms, announced their merger to…
Continuing professional education provider MYCPE and staffing solutions provider Entigrity announced they are merging to create a new company, MYCPE ONE.
Chennai-based CIEL HR, provider of technology-driven solutions across the entire HR value chain, has acquired psychometric tools provider Thomas Assessment Private Ltd (TAPL).
Psychometric Tools
Hr services companies in India, by revenue
Browse hr services companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 1,229 hr services companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.
Showing 25 of 50
Company & businessRevenueRevenue growthHeadcount & growthAgeJobs · last 3 months
Provider of career development and HR consulting services
Every company, not just 50All 3,043 hr services companies in India, filterable by stage, funding, team size, revenue model and age.
Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
Save and exportBuild lists, compare companies side by side and export them from your Radar account.
Explore HR services companies in India by what you are looking for
Browse top HR services companies in India, from recruitment and staffing agencies to payroll providers and HR consultants. Find HR services startups in India and companies that are hiring.
The most-installed Android apps published by hr services companies headquartered in India — 9.9M installs between them. 127 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.
Revenue, profit and growth from the filed annual accounts of 1184 hr services companies in India for FY24-25 — 1,344 of the 3,043 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 39% of the revenue, so medians describe the typical company better than totals.
combined revenue, FY24-25₹57,461.83 cr
1184 companies filing accounts
combined net profit₹1,040.13 cr
1.8% aggregate margin
are profitable76%
895 of 1184 companies
median revenue~₹3.9 cr
the typical company
median revenue growth+18%
into FY24-25
earned by the top five39%
revenue concentration
Six-year view
Combined revenue of filing companies
₹29,240.38 crFY19-20933 filers
₹29,449.29 crFY20-211009 filers
₹41,182.51 crFY21-221094 filers
₹50,229.20 crFY22-231158 filers
₹52,067.97 crFY23-241216 filers
₹57,461.83 crFY24-251184 filers
The number of companies filing changes each year; the three-year cohort below compares like with like.
Like-for-like
The same 1054 companies over three years
+21%
FY22-23₹46,723.75 cr₹1,119.92 cr net
FY23-24₹48,251.31 cr₹1,037.42 cr net
FY24-25₹56,317.20 cr₹1,013.29 cr net
Companies with accounts for all three years, so growth is not an artefact of who filed.
Scale and profit
Bigger companies are far more often profitable
Under ₹1 cr32651% profitable
₹1–10 cr46681% profitable
₹10–100 cr30989% profitable
₹100–1,000 cr7595% profitable
Over ₹1,000 cr8100% profitable
Companies by FY24-25 revenue. Bars show how many companies sit in each band.
Momentum
How fast revenue moved into FY24-25
Shrinking326
0–20%269
20–50%272
50–100%130
Doubled+139
1136 companies with accounts for both years; median growth +18%.
Profitability
Profit is concentrated at the top
895profitable
289loss-making
1.8%aggregate margin
1.8%median margin
The aggregate margin is pulled up by a few large filers; the median shows the typical company.
Growth leaders · ₹10 cr+ revenue
Fastest growing, FY24-25
Company
Growth
Revenue
AVSM Solutions IndiaA.V.S.M. SOLUTIONS INDIA PRIVATE LIMITED
₹11.94 cr
MosaicMOSAIC WORKSKILLS PRIVATE LIMITED
+314%
₹105.50 cr
NamsbelNAMSBEL GLOBAL PRIVATE LIMITED
+277%
₹17.12 cr
CoventineCOVENTINE DIGITAL PRIVATE LIMITED
+202%
₹16.83 cr
be3BE3 HUMAN RESOURCE MANAGEMENT PRIVATE LIMITED
+189%
TeamhaltTEAMHALT PRIVATE LIMITED
+187%
Profit leaders · ₹10 cr+ revenue
Highest net margins, FY24-25
Company
Margin
Revenue
LissenGREAT PLACE RESEARCH AND CONSULTANCY PRIVATE LIMITED
82.2%
Alveo SoftwareALVEO SOFTWARE PRIVATE LIMITED
59.5%
₹12.21 cr
Autosoft IndiaAUTOSOFT INDIA ENGINEERING PRIVATE LIMITED
₹14.70 cr
CUNIX InfotechCUNIX INFOTECH PRIVATE LIMITED
29.6%
₹12.85 cr
Lecan SolutionsLECAN SOLUTIONS PRIVATE LIMITED
27.8%
₹10.70 cr
Infonative SolutionsINFONATIVE SOLUTIONS LIMITED
₹22.19 cr
Inside the industry
Sub-sectors compared, FY24-25
Sub-sector
Companies
Revenue
Median revenue
Profitable
Margin
Hr services
1060
₹34,944.16 cr
~₹3.7 cr
76%
1.9%
Bpo services
21
₹18,940.57 cr
~₹8.3 cr
57%
0.5%
It services
20
₹1,451.12 cr
~₹5.1 cr
80%
14.2%
Management consulting services
31
₹530.13 cr
~₹3.7 cr
68%
4.9%
Marketing services
10
₹226.52 cr
~₹2.7 cr
70%
7.6%
Grc services
6
₹36.90 cr
~₹4.0 cr
83%
15.0%
Erp services
5
₹33.41 cr
~₹5.6 cr
100%
3.9%
Leaders
Largest hr services companies by revenue, FY24-25
Company · legal entity
Revenue
Net result
Margin
Growth
QuessQuess Corp Limited
₹13,917.88 cr
₹120.12 cr
0.9%
+14%
Randstad IndiaRANDSTAD INDIA PRIVATE LIMITED
₹3,291.89 cr
₹7.46 cr
0.2%
+4%
ManpowerMANPOWERGROUP SERVICES INDIA PRIVATE LIMITED
Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.
Industry landscape report
Accounting and Tax Software Industry Landscape of India
The financials above are one chapter. The full hr services landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.
The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.
Capital & corporate activity
Hr services funding and M&A across India
140 recorded equity rounds have gone to 3,306 hr services companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.
equity rounds, last 12 months2
US$3.84m
equity rounds, last 24 months7
US$17.16m
raised over five yearsUS$203.68m
38 rounds in India
M&A deals, India12
last 24 months
Capital by year
Equity funding into hr services in India
amount rounds
$11m20188
$8.8m20198
$37m202015
$14m202111
$152m202210
$6.8m20234
$14m20247
$14m20255
$3.3m20261
Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$151.92m across 10 rounds.
The funding ladder · five years
Rounds and typical cheque by stage
AngelUS$6.10m10 rounds · median US$92k
SeedUS$15.11m18 rounds · median US$500k
Series AUS$34.58m6 rounds · median US$3.79m
Series BUS$4.32m1 rounds · median US$4.32m
Series CUS$132.41m2 rounds · median US$66.21m
Private equityUS$11.15m1 rounds · median US$11.15m
Where the money went · five years
Most-funded sub-sectors
Hr servicesUS$190.06m34 rounds · 21 companies
Bpo servicesUS$13.57m2 rounds · 1 companies
ChatbotsUS$51k1 rounds · 1 companies
It servicesUS$0k1 rounds · 1 companies
India in context
India’s share of India’s hr services funding
Rounds100%38 of 38
Capital100%US$203.68m of US$203.68m
Equity rounds over the last five years, 3,306 hr services companies in India among 3,306 in India.
Corporate activity · last 24 months
M&A in India
9Acquisition
2Merger
1Buyout
Most active acquirers
Teamlease services4
CIEL HR Services2
Talentpro india1
Tuesday capital1
Kenny Blair1
Most acquired or merged
PSN SupplyChain Solutions Pvt. Ltd.1
Wdc1
Buzzworks1
Vibrant Screen1
Quess corp1
Each deal appears in the events strip at the top of the page.
49 hr services companies in India have recorded equity funding, US$408.88m in total. Totals and round dates describe the historical record; they are not current valuations.
Most funded
Largest recorded equity totals, with the latest recorded round.
Hr services
Provider of learning management services
Recorded equity fundingUS$130.00mSeries C · Jun 2022
Founder · 1
VB
Varsha BhatCo-Founder
Customer experience services
Provider of sales, recruitment & payroll, and learning management services
Recorded equity fundingUS$42.41mSeries C · Mar 2014
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Founders and momentum in India
Meet the people behind hr services companies in India. 725 of 3,043 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.
Fastest revenue growth
Hr services companies in India with the highest one-year revenue growth among those reporting at least ₹5 crore in revenue. Growth is the reported one-year change for the period shown.
Organization that uses innovative approaches, including fractal routines and HiPoHa framework, to equip teams with skills and drive high-performance outcomes
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Growing teams
Companies whose recorded headcount rose the most between the two most recent team-size snapshots. A larger team is a signal of momentum, not of profitability.
Hr services
Provider of end-to-end HR services
Team size25,000Up from 60 in the previous snapshot
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Women-founded
Hr services companies in India with at least one woman on the founding team. Expand a profile to meet the founders; teams can include both women and men.
Bpo services
Provider of global payroll, global work, and employee management solutions
Provider of on-demand IT staffing and consulting services. This company offers flexible staffing solutions, including permanent, temporary, and augmentation services. They also provide IT consulting to help clients improve their digital operations and reduce costs. The firm's process involves client analysis, candidate assessment, and selection to ensure a strong match between client needs and candidate skills. Their services are designed to help clients quickly access qualified IT professionals without the overhead of full-time employment.
We will reply with coverage, fields and pricing for your use case.
Radar members
Log in to see every figure
Filed revenue, profit and growth for every company on this page are available with a Radar account. Log in and you will come straight back here with all figures open.