Company lists
The Maharashtra edition · 2026

Hrtechcompanies in Maharashtra

HRMS & payroll, job boards, corporate learning, employee benefits, freelance & gig and more: the companies building hrtech in Maharashtra, with their founders, funding, team size and business models.

940 company profiles238 with reported revenue69 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent hrtech business events in Maharashtra

Funding, M&A, contract wins and launches involving 1,328 hrtech companies in Maharashtra, last 24 months: 48 Contracts · 27 M&A deals · 10 funding rounds · 3 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Completed

Ran Ventures acquires Zaggle

RAN Ventures purchased 1 Lakh equity shares of Zaggle from the open market on May 18, taking its stake in the company to 44.23% from 44.15%.

Fintech SaaS
M&AAcquisition · Announced

Zaggle Prepaid Ocean Services acquires Dice

Zaggle Prepaid Ocean Services Ltd, a spend management solutions company, has said that its board has approved the transaction structure for the strategic acquisition of DICE. Zaggle has…

AI Spend Management Platform
ContractService

Zaggle Prepaid Ocean Services · client: Generali Central Insurance Company

Generali Central Insurance Company will now have access to the Zaggle Zoyer platform, thanks to an arrangement announced by Zaggle Prepaid Ocean Services.

Spend management
M&AAcquisition · Completed

Harbinger acquires Phantom ai

Electric trucking startup Harbinger has acquired autonomous driving software company Phantom AI, in an effort to vertically integrate more technology and create new revenue streams for…

Autonomous driving software
Funding

Qween

Luxury jewellery startup QWEEN raised funding from Bollywood actors Aamir Khan and Ranbir Kapoor, though the investment amount was not disclosed.

Investors Aamir Khan, Ranbir Kapoor
Luxury jewellery
FundingSeries B

Unlock technologies

Sidley is representing D2 Asset Management in its US$280 million minority investment in Unlock Technologies, a leading fintech company that provides home equity agreements to potential…

Investors D2 Asset Management
FinTech
ContractSupply

Harbinger · client: Fedex

FedEx has placed its first order with Harbinger for 53 medium-duty electric vehicles (EVs).

ContractInfrastructure

Au small finance bank · client: Zaggle Prepaid Ocean Services

AU Small Finance Bank has announced a strategic partnership with Zaggle Prepaid Ocean Services Ltd, India’s leading spend management company.

Financial Services
ContractService

Mastercard Asia Pacific Pte. Ltd · client: Zaggle Prepaid Ocean Services

the company said it has "entered into an agreement" with Mastercard Asia Pacific Pte. Ltd to launch and promote co-branded domestic prepaid cards on the Mastercard network.

Prepaid card
M&AAcquisition · Terminated

Optimind pharma acquires Monjin

Optimind Pharma Corp. announces that its previously announced non-binding letter of intent dated March 18, 2025 with Monjin Interviews Private Limited, with respect to the Company's…

Pharmaceutical
M&AAcquisition · Announced

TIAN RUIXIANG acquires Ucare

TIAN RUIXIANG shares gained 8% on Friday after the company announced plans to buy Ucare for $150 million in an all-stock deal.

ContractService

Grant Thornton Bharat · client: Zaggle Prepaid Ocean Services

Under the terms of the agreement, Grant Thornton will act as a channel partner, offering Zaggle's flagship Spend Management platform to its roster of corporate clients and large enterprises.

Fintech
ContractSupply

Panasonic Energy · client: Harbinger

Harbinger, a U.S.-based commercial EV manufacturer, has entered into a battery supply agreement with Panasonic Energy, securing a consistent supply of high-performance lithium‑ion…

Automotive
ContractTechnology

Strada, HCM and financial management solutions · client: Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services Limited has announced that it has contracted with Strada, HCM and financial management solutions, to deliver a unified payroll and spend management solution…

Payroll and spend management
ContractService

Strada · client: Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services Limited, a leading B2B SaaS FinTech company, has announced that it has contracted with Strada, a leader in end-to-end payroll, HCM and financial management…

Funding

Nymbleup

Nymbleup Solutions Pvt Ltd bagged ₹1.5 crore in funding, the highest among the five firms.

Investors SK Arora, Nikhil Gupta, Vishal Kedia
ContractService

Mastercard · client: Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services hit an upper circuit of 5% at Rs 490.65 after the company has entered into an agreement with Mastercard Technology (MasterCard) for 7 years. The terms and…

Fintech
FundingSeed

Humm Care

Humm Care has raised an undisclosed amount in a seed round that valued the startup at $5 million.

Healthcare (women's health)
LaunchCatalyX

Enparadigm

Enparadigm, an AI-driven experiential learning and talent intelligence solutions company, announces the AI-powered upgrade of its flagship platform, CatalyX.

Corporate Learning Platform
FundingCapital Raise

Unlock technologies

Unlock Technologies recently secured $280 million in funding to accelerate its growth and expand its HEA offerings nationwide.

Investors Na
FinTech
LaunchAI-CatalyX

Enparadigm

Enparadigm ... announces the AI‑powered upgrade of its flagship platform, CatalyX.

Corporate Learning Platform

Hrtech companies in Maharashtra, by revenue

Browse hrtech companies in Maharashtra 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 238 hrtech companies in Maharashtra 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

Developer of e-learning content, mobile and web applications, and LMS solutions

Hrtech
₹3,168.83 crFY 2024-25
+731%2024–2025
52-14% 12 mo to Feb 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows

Hrtech
₹1,330.53 crFY 2024-25
+69%2024–2025
547+50% 12 mo to Sep 2024LinkedIn · Oct 2026
15 yr2011
0none in 3 months

Cloud-based course content creation platform for companies

Hrtech
₹176.21 crFY 2024-25
-11%2024–2025
712+1595% vs previous recordrecorded Feb 2024
36 yr1990
0none in 3 months

Provider of recruitment software for streamlined hiring processes

Hrtech
₹140.98 crFY 2021-22
Not reported
7-7% 12 mo to Mar 2024LinkedIn · Oct 2026
21 yr2005
0none in 3 months · last posted Jun 2026

Provider of human capital management software with AI and blockchain features

Hrtech
₹150.98 crFY 2024-25
Not reported
552+28% 12 mo to Jun 2023LinkedIn · Oct 2026
24 yr2002
7postings · last posted Sep 2026

Provider of digital learning, publishing solutions, and AI-powered data services

Hrtech
₹145.73 crFY 2024-25
+6%2024–2025
1,378LinkedIn · Oct 2026
26 yr2000
0none in 3 months · last posted Jun 2026

Provider of workforce management and staffing solutions across multiple industries

Hrtech
₹126.18 crFY 2024-25
+21%2024–2025
317+21% 12 mo to Sep 2024LinkedIn · Oct 2026
7 yr2019
0none in 3 months · last posted Apr 2026

Provider of employability solutions and educational technology for higher education

Enterprise resource planning
₹98.50 crFY 2024-25
+5%2024–2025
7,430+1% 12 mo to Jul 2024recorded Jul 2024
14 yr2012
16postings · last posted Oct 2026

Provider of talent acquisition, HR, regulatory compliance, and infrastructural support services

Hrtech
₹93.24 crFY 2024-25
+28%2024–2025
417+24% 12 mo to Sep 2024recorded Sep 2024
22 yr2004
7postings · last posted Sep 2026

Provider of AI-powered talent supply chain software for tech services

Hrtech
₹84.94 crFY 2024-25
+49%2024–2025
206+48% 12 mo to Sep 2024LinkedIn · Jul 2026
5 yr2021
6postings · last posted Sep 2026

Provider of a platform for business spend management and payment solutions

Finance & accounting tech
₹76.76 crFY 2024-25
-75%2024–2025
154-59% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
4postings · last posted Sep 2026

Coorporate learning management platform

Hrtech
₹71.06 crFY 2022-23
Not reported
361+63% 12 mo to Aug 2023recorded Aug 2023
36 yr1990
0none in 3 months

Platform that provides employee engagement solutions

Hrtech
₹46.80 crFY 2024-25
+55%2024–2025
2+131% 12 mo to Jun 2023LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of HRMS and fixed asset management solutions

Finance & accounting tech
₹45.83 crFY 2024-25
+13%2024–2025
74+32% 12 mo to Sep 2024recorded Sep 2024
25 yr2001
1postings · last posted Aug 2026

The company offers payroll, HR, and accounting services

Finance & accounting tech
₹42.35 crFY 2024-25
+11%2024–2025
705+3% 12 mo to Feb 2024recorded Feb 2024
26 yr2000
0none in 3 months

Provider of SaaS platform for rewards, gifting and employee engagement programs

Hrtech
₹37.03 crFY 2024-25
+33%2024–2025
38LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of people management assessment, development, and recognition services

Hrtech
₹31.76 crFY 2022-23
Not reported
51+117% 12 mo to Mar 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted May 2023

Provider of AI-powered talent acquisition cloud solutions

Hrtech
₹28.90 crFY 2024-25
Not reported
154+45% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
2postings · last posted Sep 2026

Learning management platform

Hrtech
₹28.15 crFY 2024-25
Not reported
158+100% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of HR-centric software applications and professional services

Hrtech
₹27.91 crFY 2024-25
+6%2024–2025
374+10% 12 mo to Sep 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months · last posted Nov 2024

Cloud-based HRMS that offers a suite of solutions for managing employees

Hrtech
₹27.77 crFY 2024-25
+18%2024–2025
115+13% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Provider of comprehensive human capital management software solutions

Hrtech
₹25.59 crFY 2023-24
+28%2023–2024
126+22% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months · last posted Jun 2026

Software solutions provider for HR management

Hrtech
₹25.76 crFY 2024-25
+12%2024–2025
17+6% 12 mo to Sep 2024recorded Sep 2024
21 yr2005
0none in 3 months

Provider of LMS platform for multi industry

Hrtech
₹25.50 crFY 2024-25
Not reported
172+19% 12 mo to Sep 2024LinkedIn · Oct 2026
17 yr2009
0none in 3 months

Provider of IT training courses and certifications in networking and cybersecurity

Continued learning
₹22.33 crFY 2021-22
Not reported
25+30% 12 mo to May 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months · last posted Jun 2026
50 of 940 companies shown here · the full list is on Radar
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Explore HR tech companies in Maharashtra by what you are looking for

Find top HR tech companies in Maharashtra, from HRMS and payroll software to job boards and recruitment platforms. Browse HR tech startups in Maharashtra, corporate learning providers and employee benefits platforms.

9 ways to explore hrtech in Maharashtra

HRMS, payroll & HR software companiesJob portals & recruitment platformsCorporate learning & training companiesEmployee benefits & engagement platformsFreelancer marketplaces & staffing platformsFilm, TV & creative casting platforms

HRMS, payroll & HR software companies

Cloud HR management, payroll, attendance and performance software.

  1. Paysquare

    The company offers payroll, HR, and accounting services

    Finance & accounting tech
    See in list
  2. HRMThread

    Provider of cloud-based payroll and HR software solutions

    Hrtech
    See in list
  3. Sensys Technologies

    Online HRMS and Payroll management solution

    Hrtech
    See in list
  4. uKnowva

    Provider of AI-powered HRMS software for streamlined HR operations

    Enterprise collaboration
    See in list
  5. Pcsoft ERP Solutions

    They provide comprehensive and integrated ERP solutions

    Hrtech
    See in list

Job portals & recruitment platforms

Job boards, applicant tracking and hiring platforms for employers and candidates.

  1. MonJin

    Provider of talent assessment platform offering expert-reviewed candidates and video interviews

    Hrtech
    See in list
  2. CutShort

    The platform connects tech professionals with job opportunities

    Hrtech
    Website
  3. MakeMyResume

    Provider of professional resume and career services

    Hrtech
    Website
  4. Talenlio

    AI-powered platform for paperless hiring and resume optimization

    Hrtech
    Website
  5. Preskilet

    Online platform to create video resumes for job seekers

    Hrtech
    Website
329 companies in Maharashtra

Corporate learning & training companies

Employee training, e-learning and LMS providers.

  1. TeamLease Edtech

    Provider of employability solutions and educational technology for higher education

    Enterprise resource planning
    See in list
  2. Datacipher Education Services

    Provider of IT training courses and certifications in networking and cybersecurity

    Continued learning
    See in list
  3. Ira

    App-based platform offering data analytics training programs

    Continued learning
    See in list
  4. Utter

    Provider of AI powered chatbots for vernacular based English language learning applications

    Hrtech
    See in list
  5. eNyota Learning

    Developer of custom eLearning courses and learning management systems

    Hrtech
    See in list

Employee benefits & engagement platforms

Employee health benefits, rewards and engagement tools.

  1. Zaggle

    Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows

    Hrtech
    See in list
  2. EnKash

    Provider of a platform for business spend management and payment solutions

    Finance & accounting tech
    See in list
  3. FOXBOX

    Provider of SaaS platform for rewards, gifting and employee engagement programs

    Hrtech
    See in list
  4. QubeHealth

    Provider of a credit line for employees' healthcare expenses and payments

    Hrtech
    See in list
  5. Lifafa

    Employee benefits administration platform and marketplace for enterprises

    Loyalty software
    See in list

Freelancer marketplaces & staffing platforms

Platforms for freelancers, gig workers and contract staffing.

  1. Hour4u

    Provider of on demand staffing platform for multi-industry

    Hrtech
    See in list
  2. ClanX

    AI-powered talent sourcing platform

    Hrtech
    Website
  3. Rozi Roti

    On demand gig marketplace platform that connects businesses with gig workers and entrepreneurs

    Gig employer it
    Website
  4. IndusGuru

    Provider of freelance consultants for strategy, finance, marketing, and operations

    Hrtech
    Website
  5. Troopr

    Platform offering on demand staffing solution for part time jobs

    Hrtech
    Website
96 companies in Maharashtra

Film, TV & creative casting platforms

Casting and recruitment portals for the entertainment industry.

  1. TalentNext

    Recruitment portal for entertainment industry in India

    Hrtech
    Website
  2. Dazzlr

    Entertainment professionals recruitment marketplace

    Hrtech
    Website
  3. Filmijobs

    Platform providing job opportunities in the Indian film and entertainment industry

    Tech for film & tv
    Website
  4. Cast Today

    Platform connecting artists with casters

    Hrtech
    Website
  5. Indian Voice-Overs

    Connects voice talent with the media industry

    Tech for film & tv
    Website
16 companies in Maharashtra

Listed HR tech companies in Maharashtra

Publicly traded HR tech companies based in Maharashtra.

  1. Zaggle

    Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows

    Hrtech
    See in list
  2. Prism HCM

    Operator of a platform providing human capital management and onboarding

    Hrtech
    Website
  3. vapi paper mills

    Vapi Paper Mills is engaged in the manufacturing of paper and paper board.

    Hrtech
    Website
3 companies in Maharashtra

HR tech startups in Maharashtra

Recently founded HR tech startups in Maharashtra.

  1. Prismforce

    Provider of AI-powered talent supply chain software for tech services

    Hrtech
    See in list
  2. Carnera

    Platform that offers on-demand software product and AI team solutions

    Hrtech
    See in list
  3. Healthysure

    Online platform for employee health insurance benefits

    Employee health it
    Website
  4. MyRCloud

    Recruitment tech marketplace connecting enterprises

    Hrtech
    Website
  5. ClanX

    AI-powered talent sourcing platform

    Hrtech
    Website
224 companies in Maharashtra

HR tech companies hiring in Maharashtra

HR tech companies in Maharashtra with open roles.

  1. TalentPool

    Provider of recruitment software for streamlined hiring processes

    Hrtech
    See in list
  2. ZingHR

    Provider of human capital management software with AI and blockchain features

    Hrtech
    See in list
  3. Hurix Digital

    Provider of digital learning, publishing solutions, and AI-powered data services

    Hrtech
    See in list
  4. Meraqui

    Provider of workforce management and staffing solutions across multiple industries

    Hrtech
    See in list
  5. TeamLease Edtech

    Provider of employability solutions and educational technology for higher education

    Enterprise resource planning
    See in list
42 companies in Maharashtra
Mobile reach

Top 10 hrtech apps from Maharashtra

The most-installed Android apps published by hrtech companies headquartered in Maharashtra — 16.0M installs between them. 131 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

ZingHR

by ZingHR

Installs5.9M
Rating3.74154K ratings
Installs, year on year+25%
Last updatedMay 2026
View on Google Play ↗
ZingHR screenshot 1ZingHR screenshot 2ZingHR screenshot 3ZingHR screenshot 4ZingHR screenshot 5ZingHR screenshot 6
2

MajhiNaukri (माझी नोकरी™)

by Majhi Naukri

Installs3.3M
Rating4.015K ratings
Installs, year on year+16%
Last updatedJan 2026
View on Google Play ↗
MajhiNaukri (माझी नोकरी™) screenshot 1MajhiNaukri (माझी नोकरी™) screenshot 2MajhiNaukri (माझी नोकरी™) screenshot 3MajhiNaukri (माझी नोकरी™) screenshot 4MajhiNaukri (माझी नोकरी™) screenshot 5MajhiNaukri (माझी नोकरी™) screenshot 6
3

Growfitter Walk & Earn Rewards

by Growfitter

Installs1.5M
Rating3.2617K ratings
Installs, year on year+16%
Last updatedMar 2026
View on Google Play ↗
Growfitter Walk & Earn Rewards screenshot 1Growfitter Walk & Earn Rewards screenshot 2Growfitter Walk & Earn Rewards screenshot 3Growfitter Walk & Earn Rewards screenshot 4Growfitter Walk & Earn Rewards screenshot 5Growfitter Walk & Earn Rewards screenshot 6
5

Workline

by Workline

Installs1.3M
Rating3.128K ratings
Installs, year on year+24%
Last updatedJun 2026
View on Google Play ↗
Workline screenshot 1Workline screenshot 2Workline screenshot 3Workline screenshot 4Workline screenshot 5Workline screenshot 6
6

Zaggle

by Zaggle

Installs631K
Rating4.289K ratings
Last updatedJun 2026
View on Google Play ↗
Zaggle screenshot 1Zaggle screenshot 2Zaggle screenshot 3Zaggle screenshot 4Zaggle screenshot 5
7

Truein User: Time & Attendance

by Truein

Installs608K
Rating5.03K ratings
Last updatedJun 2026
View on Google Play ↗
Truein User: Time & Attendance screenshot 1Truein User: Time & Attendance screenshot 2Truein User: Time & Attendance screenshot 3Truein User: Time & Attendance screenshot 4Truein User: Time & Attendance screenshot 5Truein User: Time & Attendance screenshot 6
8

Interview Mastery & Job Skills

by Mentza

Installs497K
Rating5.02K ratings
Last updatedMay 2026
View on Google Play ↗
Interview Mastery & Job Skills screenshot 1Interview Mastery & Job Skills screenshot 2Interview Mastery & Job Skills screenshot 3Interview Mastery & Job Skills screenshot 4Interview Mastery & Job Skills screenshot 5
9

Loop Health

by Loop

Installs480K
Rating—
Last updatedMay 2026
View on Google Play ↗
Loop Health screenshot 1Loop Health screenshot 2Loop Health screenshot 3Loop Health screenshot 4Loop Health screenshot 5
10

Cutshort: Tech Job Search App

by CutShort

Installs391K
Rating4.757K ratings
Last updatedJun 2025
View on Google Play ↗
Cutshort: Tech Job Search App screenshot 1Cutshort: Tech Job Search App screenshot 2Cutshort: Tech Job Search App screenshot 3Cutshort: Tech Job Search App screenshot 4Cutshort: Tech Job Search App screenshot 5
The business behind the activity

Hrtech financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 190 hrtech companies in Maharashtra for FY24-25 — 255 of the 940 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 82% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹5,954.50 cr

190 companies filing accounts

combined net profit₹98.84 cr

1.7% aggregate margin

are profitable54%

102 of 190 companies

median revenue~₹1.2 cr

the typical company

median revenue growth+5%

into FY24-25

earned by the top five82%

revenue concentration

Six-year view

Combined revenue of filing companies

₹656.83 crFY19-20148 filers
₹931.38 crFY20-21168 filers
₹1,392.15 crFY21-22182 filers
₹2,325.06 crFY22-23191 filers
₹2,861.59 crFY23-24199 filers
₹5,954.50 crFY24-25190 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 165 companies over three years

+161%
FY22-23₹2,265.56 cr₹35.12 cr net
FY23-24₹2,777.74 cr₹41.49 cr net
FY24-25₹5,904.94 cr₹104.89 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 cr9238% profitable
₹1–10 cr6265% profitable
₹10–100 cr3171% profitable
₹100–1,000 cr3100% profitable
Over ₹1,000 cr2100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking75
0–20%38
20–50%31
50–100%16
Doubled+21

181 companies with accounts for both years; median growth +5%.

Profitability

Profit is concentrated at the top

102profitable
88loss-making
1.7%aggregate margin
1.1%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

CompanyGrowthRevenue
ShezartechSHEZAR WEB TECHNOLOGIES PRIVATE LIMITED+731%₹3,168.83 cr
Clinics On CloudSEHATPRO TECHNOLOGIES PRIVATE LIMITED
Hour4uHOUR4U TECHNOLOGIES PRIVATE LIMITED
IraISVARI TECH PRIVATE LIMITED
Datacipher Education ServicesDATACIPHER EDUCATION SERVICES PRIVATE LIMITED+73%₹12.96 cr
ZaggleZaggle Prepaid Ocean Services Limited+69%₹1,327.16 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
HRMThreadSENSYS TECHNOLOGIES PRIVATE LIMITED
Datacipher Education ServicesDATACIPHER EDUCATION SERVICES PRIVATE LIMITED9.4%₹12.96 cr
PrismforcePRISMFORCE PRIVATE LIMITED9.2%₹84.94 cr
CIELCENTRE FOR INVESTMENT EDUCATION AND LEARNING PRIVATE LIMITED9.1%₹28.15 cr
WatsimpARIHANT MAXSELL TECHNOLOGIES PRIVATE LIMITED8.6%₹46.80 cr
Clinics On CloudSEHATPRO TECHNOLOGIES PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Hrtech151₹5,653.50 cr~₹1.3 cr56%2.1%
Finance & accounting tech7₹106.92 cr~₹1.7 cr57%-12.2%
Employee health it7₹11.04 cr~₹55 lakh43%-38.9%
Leaders

Largest hrtech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
ShezartechSHEZAR WEB TECHNOLOGIES PRIVATE LIMITED₹3,168.83 cr₹23.63 cr0.7%+731%
ZaggleZaggle Prepaid Ocean Services Limited₹1,327.16 cr₹87.48 cr6.6%+69%
RaptivityHARBINGER SYSTEMS PRIVATE LIMITED₹173.03 cr₹9.29 cr5.4%-11%
MeraquiMERAQUI VENTURES PRIVATE LIMITED₹126.18 cr₹71.13 lakh0.6%+21%
Hurix DigitalHURIX SYSTEMS PRIVATE LIMITED₹101.95 cr₹4.39 cr4.3%-16%
TeamLease EdtechTEAMLEASE EDTECH LIMITED₹98.50 cr₹3.67 cr3.7%+5%
PrismforcePRISMFORCE PRIVATE LIMITED₹84.94 cr₹7.85 cr9.2%+49%
WatsimpARIHANT MAXSELL TECHNOLOGIES PRIVATE LIMITED₹46.80 cr₹4.03 cr8.6%+55%
Spine TechnologiesSPINE TECHNOLOGIES (INDIA) PRIVATE LIMITED₹45.83 cr₹1.72 cr3.8%+13%
PaysquarePAYSQUARE CONSULTANCY LIMITED₹42.35 cr₹1.86 cr4.4%+11%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

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

Hrtech funding and M&A across India

1,182 recorded equity rounds have gone to 6,682 hrtech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months21

US$65.07m

equity rounds, last 24 months61

US$235.15m

raised over five yearsUS$2.09bn

485 rounds in India

M&A deals, Maharashtra27

last 24 months

Capital by year

Equity funding into hrtech in India

amount rounds
$85m201892
$164m2019103
$266m2020100
$1.2bn2021150
$445m2022140
$155m202380
$124m202460
$172m202541
$36m202614

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$1.16bn across 150 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$31.50m70 rounds · median US$82k
SeedUS$190.12m294 rounds · median US$300k
Series AUS$372.32m67 rounds · median US$3.95m
Series BUS$528.86m30 rounds · median US$12.15m
Series CUS$320.18m12 rounds · median US$20.00m
Series D+US$645.92m12 rounds · median US$5.26m
Where the money went · five years

Most-funded sub-sectors

HrtechUS$1.14bn347 rounds · 191 companies
PaymentsUS$544.58m7 rounds · 3 companies
Fitness & wellness techUS$120.00m3 rounds · 1 companies
Employee health itUS$69.07m29 rounds · 11 companies
Finance & accounting techUS$43.93m15 rounds · 8 companies
Employer insuranceUS$36.32m6 rounds · 2 companies
Digital remittanceUS$28.20m3 rounds · 1 companies
Corporate activity · last 24 months

M&A in Maharashtra

27Acquisition

Most active acquirers

  1. Zaggle Prepaid Ocean Services23
  2. Ran Ventures1
  3. Harbinger1
  4. Optimind pharma1
  5. TIAN RUIXIANG1

Most acquired or merged

  1. Mobileware technologies3
  2. Dice2
  3. Na2
  4. Effiasoft2
  5. Rio.Money2

Each deal appears in the events strip at the top of the page.

Hrtech funding in Maharashtra

69 hrtech companies in Maharashtra have recorded equity funding, US$215.81m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind hrtech companies in Maharashtra. 464 of 940 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra hrtech companies by sub-sector

The most common specialisations among hrtech companies in Maharashtra. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring hrtech in India and nearby markets.

Coming soon