Company lists
The Mumbai edition · 2026

Hrtechcompanies in Mumbai

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

574 company profiles145 with reported revenue49 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent hrtech business events in Mumbai

Funding, M&A, contract wins and launches involving 795 hrtech companies in Mumbai, last 24 months: 47 Contracts · 25 M&A deals · 8 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
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
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 · 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
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
ContractService

Founderlink Technologies · client: Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services signs agreement with Founderlink technologies. Under the agreement, Founderlink Technologies will offer business loans to Zaggle Corporate customers

Financial Services

Hrtech companies in Mumbai, by revenue

Browse hrtech companies in Mumbai 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 145 hrtech companies in Mumbai, 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
523+50% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of human capital management software with AI and blockchain features

Hrtech
₹150.98 crFY 2024-25
Not reported
559+28% 12 mo to Jun 2023LinkedIn · Jul 2026
24 yr2002
12postings · last posted Sep 2026

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

Hrtech
₹145.73 crFY 2024-25
+6%2024–2025
1,377LinkedIn · Jul 2026
26 yr2000
0none in 3 months · last posted Jun 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
23postings · 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
8postings · 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
6postings · 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
2postings · last posted Aug 2026

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
7postings · 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

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 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

App-based platform offering data analytics training programs

Continued learning
₹21.72 crFY 2024-25
+165%2024–2025
—Not available
6 yr2020
0none in 3 months

Provider of experiential learning simulations and talent intelligence SaaS platform

Hrtech
₹18.55 crFY 2024-25
-32%2024–2025
105+13% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
1postings · last posted Jul 2026

Provider of cloud-based payroll and HR software solutions

Hrtech
₹17.24 crFY 2024-25
+21%2024–2025
3-7% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

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

Hrtech
₹15.79 crFY 2024-25
+50%2024–2025
66-30% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

App-based social platform for audio sharing

Hrtech
₹12.35 crFY 2021-22
Not reported
28-49% 12 mo to Jul 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Online HRMS and Payroll management solution

Hrtech
₹13.27 crFY 2022-23
Not reported
163-7% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
1postings · last posted Jul 2026

Cloud-based HRMS suite solutions for SMBs

Hrtech
₹10.85 crFY 2024-25
+10%2024–2025
88+65% 12 mo to May 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months
50 of 574 companies shown here · the full list is on Radar
Fliar Radar

Explore all 574 hrtech companies in Mumbai on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open hrtech in Mumbai on Radar
  • Every company, not just 50All 574 hrtech companies in Mumbai, 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 hrtech companies in Mumbai by what you are looking for

Discover the top hrtech companies in Mumbai, from HRMS and payroll software to job boards and recruitment platforms. You can also see hrtech startups in Mumbai and listed hrtech companies.

9 ways to explore hrtech in Mumbai

HRMS, payroll & HR software companiesJob boards & recruitment platformsCorporate learning & training companiesEmployee benefits & health companiesEmployee engagement & assessment platformsCasting & entertainment talent platforms

HRMS, payroll & HR software companies

Cloud HR software for employee records, payroll and performance management.

  1. PeopleHR India

    Cloud-based HRMS platform for enterprises

    Hrtech
    Website
  2. ZingHR

    Provider of human capital management software with AI and blockchain features

    Hrtech
    See in list
  3. Prismforce

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

    Hrtech
    See in list
  4. Spine Technologies

    Provider of HRMS and fixed asset management solutions

    Finance & accounting tech
    See in list
  5. Workline

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

    Hrtech
    See in list

Job boards & recruitment platforms

Job portals and hiring platforms connecting employers and candidates.

  1. TEXTILE APPAREL JOBS

    TEXTILE APPAREL JOBS is the Indian Global Online Employment Platform for both Organization who needs an Efficient Human Resource to build strong team and for people who are seeking Dream Jobs with Meaningful Career.

    Hrtech
    Website
  2. AIESEC in India

    AIESEC develops leadership among youth aged 18 to 30 and contributes to strengthening the global employability market by providing an end-to-end international talent recruitment solution for Enterprises, NGOs, and Start-ups.

    Hrtech
    Website
  3. Chemical Jobs Postings

    www.chemicaljobs.in was started for the benefit of chemical engineering community across India and abroad.

    B2c e-commerce
    Website
  4. Hiring Alert

    If you'd like to collaborate with Hiring Alert, Please reach out to us at [email protected] (Applicants, please don't send your CV's on this mail) In case you find any issue you can comment on the post!

    Hrtech
    Website
  5. Job and Career Opportunities

    Job opportunities for experienced and freshers Employees listed under this page are fake profiles, ignore them.

    Hrtech
    Website
184 companies in Mumbai

Corporate learning & training companies

Platforms for employee training, LMS and skill development.

  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. Mentoria

    Online career assessment and mentoring platform

    K-12 edtech
    Website
  5. EduEdge Pro

    Upskilling, career counseling, and study abroad support provider

    Continued learning
    Website

Employee benefits & health companies

Platforms for employee health insurance, wellness and benefits administration.

  1. QubeHealth

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

    Hrtech
    See in list
  2. Lifafa

    Employee benefits administration platform and marketplace for enterprises

    Loyalty software
    See in list
  3. Entitled

    Digital platform for employees with financial and health benefits

    Hrtech
    See in list
  4. Healthysure

    Online platform for employee health insurance benefits

    Employee health it
    See in list
  5. Plan My Health

    Corporate wellness solution for employees, schools, and residential societies

    Employee health it
    See in list

Employee engagement & assessment platforms

Tools for engagement surveys, assessments and interviewing.

  1. Linkwok

    Digital whiteboard to organize multiple search engine results

    Enterprise collaboration
    See in list
  2. AssessHub

    Cloud based skill assessment and predictive analytics platform for businesses

    Hrtech
    Website
  3. Talent Litmus

    Game based assessments and learning solutions for organizations

    Hrtech
    Website
  4. Insight Guru

    Online assessment platform

    Hrtech
    Website
  5. TalentMetrix

    Psychometric tests & assessments solution

    Hrtech
    Website

Casting & entertainment talent platforms

Platforms connecting artists and crew with film and TV opportunities.

  1. TalentNext

    Recruitment portal for entertainment industry in India

    Hrtech
    Website
  2. Dazzlr

    Entertainment professionals recruitment marketplace

    Hrtech
    Website
  3. Cast Today

    Platform connecting artists with casters

    Hrtech
    Website
  4. Filmijobs

    Platform providing job opportunities in the Indian film and entertainment industry

    Tech for film & tv
    Website
  5. FTC Talent

    Online platform for casting

    Tech for film & tv
    Website
13 companies in Mumbai

Hrtech startups in Mumbai

Recently founded hrtech companies in Mumbai.

  1. Prismforce

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

    Hrtech
    See in list
  2. Healthysure

    Online platform for employee health insurance benefits

    Employee health it
    See in list
  3. MyRCloud

    Recruitment tech marketplace connecting enterprises

    Hrtech
    See in list
  4. ClanX

    AI-powered talent sourcing platform

    Hrtech
    Website
  5. IMT Care

    Provider of employee benefits administration platform for enterprises

    Employee health it
    Website
143 companies in Mumbai

Hrtech companies hiring in Mumbai

Hrtech companies in Mumbai with open jobs right now.

  1. ZingHR

    Provider of human capital management software with AI and blockchain features

    Hrtech
    See in list
  2. Hurix Digital

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

    Hrtech
    See in list
  3. TeamLease Edtech

    Provider of employability solutions and educational technology for higher education

    Enterprise resource planning
    See in list
  4. Prismforce

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

    Hrtech
    See in list
  5. EnKash

    Provider of a platform for business spend management and payment solutions

    Finance & accounting tech
    See in list
31 companies in Mumbai

Listed hrtech companies in Mumbai

Publicly listed hrtech companies in Mumbai.

  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 Mumbai
Mobile reach

Top 10 hrtech apps from Mumbai

The most-installed Android apps published by hrtech companies headquartered in Mumbai — 12.3M installs between them. 82 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

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
4

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
5

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
6

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
8

Pocket HRMS

by Pocket HRMS

Installs321K
Rating—
Installs, year on year+27%
Last updatedFeb 2026
View on Google Play ↗
Pocket HRMS screenshot 1Pocket HRMS screenshot 2Pocket HRMS screenshot 3Pocket HRMS screenshot 4Pocket HRMS screenshot 5Pocket HRMS screenshot 6
9

L'Oréal ACCESS IN

by Appectual

Installs291K
Rating—
Installs, year on year+32%
Last updatedMay 2024
View on Google Play ↗
L'Oréal ACCESS IN screenshot 1L'Oréal ACCESS IN screenshot 2L'Oréal ACCESS IN screenshot 3L'Oréal ACCESS IN screenshot 4L'Oréal ACCESS IN screenshot 5L'Oréal ACCESS IN screenshot 6
10

uKnowva HRMS

by uKnowva

Installs222K
Rating—
Installs, year on year+48%
Last updatedMay 2026
View on Google Play ↗
uKnowva HRMS screenshot 1uKnowva HRMS screenshot 2uKnowva HRMS screenshot 3uKnowva HRMS screenshot 4uKnowva HRMS screenshot 5uKnowva HRMS screenshot 6
The business behind the activity

Hrtech financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 125 hrtech companies in Mumbai, Maharashtra for FY24-25 — 161 of the 574 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 89% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹5,402.38 cr

125 companies filing accounts

combined net profit₹85.06 cr

1.6% aggregate margin

are profitable51%

64 of 125 companies

median revenue~₹1.6 cr

the typical company

median revenue growth+6%

into FY24-25

earned by the top five89%

revenue concentration

Six-year view

Combined revenue of filing companies

₹402.42 crFY19-2089 filers
₹619.24 crFY20-21103 filers
₹1,013.71 crFY21-22111 filers
₹1,766.18 crFY22-23119 filers
₹2,286.38 crFY23-24127 filers
₹5,402.38 crFY24-25125 filers

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

Like-for-like

The same 107 companies over three years

+209%
FY22-23₹1,746.45 cr₹13.11 cr net
FY23-24₹2,265.12 cr₹16.04 cr net
FY24-25₹5,391.23 cr₹91.64 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 cr5233% profitable
₹1–10 cr4961% profitable
₹10–100 cr2167% profitable
₹100–1,000 cr1100% 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

Shrinking50
0–20%23
20–50%23
50–100%12
Doubled+11

119 companies with accounts for both years; median growth +6%.

Profitability

Profit is concentrated at the top

64profitable
61loss-making
1.6%aggregate margin
0.2%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
IraISVARI TECH PRIVATE LIMITED+165%₹21.72 cr
Datacipher Education ServicesDATACIPHER EDUCATION SERVICES PRIVATE LIMITED+73%₹12.96 cr
ZaggleZaggle Prepaid Ocean Services Limited+69%₹1,327.16 cr
WatsimpARIHANT MAXSELL TECHNOLOGIES PRIVATE LIMITED+55%₹46.80 cr
QubeHealthQB HEALTH TECHNOLOGIES PRIVATE LIMITED+50%₹15.79 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
HRMThreadSENSYS TECHNOLOGIES PRIVATE LIMITED10.9%₹17.24 cr
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
ZaggleZaggle Prepaid Ocean Services Limited6.6%₹1,327.16 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Hrtech96₹5,160.38 cr~₹1.6 cr54%2.1%
Finance & accounting tech5₹64.13 cr~₹1.7 cr60%-23.2%
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%
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%
FOXBOXFOXBOX RETAIL PRIVATE LIMITED₹37.03 cr5.4%+33%
WebbtreeWHITE CROW RESEARCH PRIVATE LIMITED−₹59.42 lakh
RippleHireTRAMPOLINE TECH PRIVATE LIMITED₹28.90 cr4.7%+45%
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.

Industry landscape report

AdTech Industry Landscape of Mumbai

The financials above are one chapter. The full hrtech landscape of Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the hrtech landscape of Mumbai
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 Mumbai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months24

US$80.36m

equity rounds, last 24 months65

US$256.42m

raised over five yearsUS$2.09bn

485 rounds in India

M&A deals, Mumbai25

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 Mumbai

25Acquisition

Most active acquirers

  1. Zaggle Prepaid Ocean Services23
  2. Ran Ventures1
  3. 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 Mumbai

49 hrtech companies in Mumbai have recorded equity funding, US$141.78m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind hrtech companies in Mumbai. 293 of 574 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai hrtech companies by sub-sector

The most common specialisations among hrtech companies in Mumbai. 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