Radar Landscapes Accounting and Tax Software Landscape of India
Accounting and Tax Software industry in India — illustrated cover for the Accounting and Tax Software Landscape of India
Radar · Industry landscape · India

Accounting and Tax Software Landscape of India

1,684 Accounting and Tax Software companies in India, in one picture: who is hiring, who is raising money, who founded them, where they are based, what the news is about, which skills employers want and where the research is going. Updated August 2026.

1,684companies tracked
$2.3Bdisclosed funding
145hiring right now
396events · 24 months
217,885news articles · 12 months

Who leads Accounting and Tax Software in India

Shows 1,684 Indian Accounting and Tax Software firms, highlighting which are hiring, most funded, and currently hiring, with 145 firms hiring now and 162 having disclosed recent funding.

open roles
Hiring now
ranked by live open roles
  1. 01Scalejet12last posted Jul 2026
  2. 02Razorpay6last posted Aug 2026
  3. 03Varthak6last posted Aug 2026
  4. 04EquityList6last posted Jul 2026
  5. 05TartanHQ6last posted Aug 2026
  6. 06CredFlow5last posted Aug 2026
  7. 07SalaryBox5last posted Jul 2026
  8. 08Ginesys5last posted Aug 2026
145 companies hiring · 28 posted in the last 30 days
disclosed funding
Most funded
disclosed totals, all rounds
  1. 01Razorpay$741.6MSeries F · Dec 2021
  2. 02Bizongo$310.5MSeries E · Mar 2025
  3. 03Khatabook$186.6MSeries C · Aug 2021
  4. 04Clear$140.8MAngel · Jan 2022
  5. 05Xoxoday$100.6MSeries C · Jan 2026
  6. 06Zaggle$95.6MPost IPO · Dec 2025
  7. 07OkCredit$84.9MSeries B · Sep 2019
  8. 08PayMate$58.7MSeries E · Jul 2024
162 companies with disclosed rounds · $2.3B total
revenue
Revenue leaders
official filings first, else latest snapshot
  1. 01PayMate$163MFY2023 filing
  2. 02Xoxoday$66.9MFY2023 filing
  3. 03ClearTax$33.1MFY2023 filing
  4. 04Cygnet One$26.2MFY2024 filing
  5. 05Bizongo$21.1MFY2022 filing
  6. 06IRIS$17.5MFY2018 filing
  7. 07Tally Solutions$12.2MFY2022 filing
  8. 08Vyapar$7.9MFY2022 filing
96 companies with a revenue figure
headcount
Largest teams
ranked by tracked headcount
  1. 01Neeyamo3,000tracked employees
  2. 02Razorpay1,952tracked employees
  3. 03Ramco1,596tracked employees
  4. 04Vyapar1,217tracked employees
  5. 05Tally Solutions1,047tracked employees
  6. 06ClearTax851tracked employees
  7. 07Relyon519tracked employees
  8. 08TeamLease RegTech427tracked employees
68 companies with headcount data
share of events
Share of voice
share of all tracked sector news events, 24 months
  1. 01Zaggle25.7%139 tracked events
  2. 02Razorpay20.9%113 tracked events
  3. 03Tally Solutions6.3%34 tracked events
  4. 04Ramco6.1%33 tracked events
  5. 05Bizongo5.2%28 tracked events
  6. 06Bluecopa3.5%19 tracked events
  7. 07IRIS3.1%17 tracked events
  8. 08HostBooks3.0%16 tracked events
540 tracked events across 43 companies
web reach
Most-used apps
the sites in this sector the web visits most
  1. 01Razorpaytop 10krazorpay.com
  2. 02ClearTaxtop 10kcleartax.in
  3. 03GoGSTBilltop 50kgogstbill.com
  4. 04Vyapartop 50kvyaparapp.in
  5. 05Tally Solutionstop 50ktallysolutions.com
  6. 06myBillBooktop 100kmybillbook.in
  7. 07Xoxodaytop 100kxoxoday.com
  8. 08Refrenstop 100krefrens.com
455 companies here run a site with a measured audience · 87 of them sit inside the web’s top million
articles
In the news
Prism news coverage, last 12 months
  1. 01Razorpay558articles in the window
  2. 02Zaggle154articles in the window
  3. 03Tally Solutions86articles in the window
  4. 04Kodo36articles in the window
  5. 05TaxBuddy35articles in the window
  6. 06Bizongo30articles in the window
  7. 07Vyapar24articles in the window
  8. 08Taxmann23articles in the window
46 of these companies drew sector coverage in the window
Radar

See all 1,684 Accounting and Tax Software companies in India

Filter by funding, headcount, hiring and location, and export the list.

How the Accounting and Tax Software ecosystem in India grew, 2016–2025

Lists the number of firms founded each year from 2016 to 2025, noting the highest count of 144 in 2020 and 30 in 2025.

Companies founded / year
new Accounting and Tax Software companies in India
2016: 982017: 1322018: 1182019: 1322020: 1442021: 1392022: 1152023: 1102024: 942025: 30
20162025
peak 144 in 2020
Companies raising / year
with a disclosed round that year
20162025
peak 47 in 2022
Disclosed funding / year
sum of disclosed rounds (USD)
2016: 27,723,6882017: 31,025,0932018: 101,447,4762019: 284,275,1022020: 224,867,4052021: 970,842,3192022: 198,203,9582023: 89,826,1042024: 112,087,9672025: 114,604,423
20162025
peak $970.8M in 2021

Where Accounting and Tax Software companies in India are based

Ranks Indian cities by the number of sector firms, with Bengaluru leading at 257 companies followed by Mumbai, Delhi, Hyderabad, and Pune.

Bengaluru skyline — Accounting and Tax Software hub in India
Hub 01
Bengaluru
257 Accounting and Tax Software companies
26% of the Accounting and Tax Software companies across these hubs
257companies
$1.5Bdisclosed funding
35hiring now
Photo Wikipedia · Bangalore · CC BY-SA 4.0
Mumbai skyline — Accounting and Tax Software hub in India
Hub 02
Mumbai
181 Accounting and Tax Software companies
18% of the Accounting and Tax Software companies across these hubs
181companies
$548.5Mdisclosed funding
18hiring now
Photo Wikipedia · Mumbai · CC BY-SA 4.0
Delhi skyline — Accounting and Tax Software hub in India
Hub 03
Delhi
146 Accounting and Tax Software companies
15% of the Accounting and Tax Software companies across these hubs
146companies
$6.3Mdisclosed funding
12hiring now
Photo Wikipedia · Delhi · CC BY-SA 4.0
Hyderabad skyline — Accounting and Tax Software hub in India
Hub 04
Hyderabad
100 Accounting and Tax Software companies
10% of the Accounting and Tax Software companies across these hubs
100companies
$18.1Mdisclosed funding
9hiring now
Photo Wikipedia · Hyderabad · CC BY-SA 4.0
Pune skyline — Accounting and Tax Software hub in India
Hub 05
Pune
99 Accounting and Tax Software companies
10% of the Accounting and Tax Software companies across these hubs
99companies
$24.9Mdisclosed funding
15hiring now
Photo Wikipedia · Pune · CC BY-SA 4.0
Chennai skyline — Accounting and Tax Software hub in India
Hub 06
Chennai
91 Accounting and Tax Software companies
9% of the Accounting and Tax Software companies across these hubs
91companies
$61.8Mdisclosed funding
7hiring now
Photo Wikipedia · Chennai · CC BY-SA 4.0
Gurugram skyline — Accounting and Tax Software hub in India
Hub 07
Gurugram
68 Accounting and Tax Software companies
7% of the Accounting and Tax Software companies across these hubs
68companies
$63.1Mdisclosed funding
11hiring now
Photo Wikipedia · Gurgaon · CC BY-SA 4.0
Ahmedabad skyline — Accounting and Tax Software hub in India
Hub 08
Ahmedabad
64 Accounting and Tax Software companies
6% of the Accounting and Tax Software companies across these hubs
64companies
$3.2Mdisclosed funding
5hiring now
Photo Wikipedia · Ahmedabad · CC BY-SA 4.0

The Accounting and Tax Software market map of India: what these companies actually do

Breaks down product sub‑categories and revenue models, showing enterprise tech as the largest sub‑category and subscription as the most common revenue model.

  • Enterprise Tech1,609 companies · $2.3B raised · 138 hiring
  • Fintech1,483 companies · $2.3B raised · 134 hiring
  • Enterprise Software1,161 companies · $2B raised · 110 hiring
  • SaaS817 companies · $1.5B raised · 82 hiring
  • Accounts Receivable Automation324 companies · $282M raised · 20 hiring
  • Consumer Digital186 companies · $39.4M raised · 11 hiring
  • Accounts Payable Automation153 companies · $206.9M raised · 9 hiring
  • Payroll Management107 companies · $808.4M raised · 7 hiring
  • HR SaaS98 companies · $966.7M raised · 13 hiring
  • Integrated Compliance Management69 companies · $5.4M raised · 3 hiring
  • Commerce Enablers52 companies · $1.4B raised · 10 hiring
  • Retail Tech50 companies · $704.4M raised · 8 hiring

Monetization

How Accounting and Tax Software companies make money

How many companies earn revenue each way. Plenty use more than one model, so the counts add up to more than the sector.

Subscription1,411
Fee-For-Service244
Commission on Transaction103
E-Commerce - Service50
Advertising29
E-Commerce - Product10
Physical Commerce6
Lending4

Funding, M&A and the deals moving Accounting and Tax Software in India

Counts 396 corporate events over the past two years, classifying them into earnings, contracts, M&A, new products, and funding rounds.

Earnings 76Contracts 74M&A 58Product 57Funding 46Leadership 33Announcement 21Regulatory 10Capital 6Layoffs 5
  • FundingFintech startup Tartan raised $4.5 milion in Pre-Series from 500 Global, InfoEdge Ventures, Naval Ravikant-backed AngelList Quant Fund, WorldQuant Ventures, Varanium GenNext Fund, 9Unicorns, Yatra Angel Network, Emphasis Ventures (EMVC) and Naveen Kukreja.2026-04-07
  • M&AZaggle Prepaid Ocean Services Ltd is not moving ahead with its plan to acquire a majority stake in Hyderabad-based ...2026-04-07
  • FundingTech startup Aerchain raised $13 million from Pavestone VC and IndiaMart.2026-03-20
  • IPOFour top investment banks have been picked by the Bengaluru-based payments and banking platform to help it navigate the public offering process, which is anticipated to generate over $700 million, according to industry sources.2026-02-13
  • FundingFintech startup Bluecopa raised $7.5 million from Analog Partners, Blume Ventures, and Dallas Venture Capital.2026-01-16
  • FundingXoxoday, a global rewards, incentives, and Loyalty technology company, has raised a Series C round backed by its existing investors – Apis Partners & 57 Stars, marking a key milestone as the company accelerates its next phase of global growth.2026-01-14
  • M&AAcrophyte plans to enter a conditional sale and purchase agreement with subsidiaries of ESR Group to acquire ESR’s 100 per cent indirect interest in the manager, Suntec Reit’s manager said on Dec 16.2025-12-16
  • M&AVyapar, one of the country’s leading business management platforms, has fully acquired Suvit, an AI-powered automation accounting software recognized by the Institute of Chartered Accountants of India (ICAI).2025-11-27
  • M&AAdditionally, the company has acquired Fintoo’s insurance distribution business, encompassing its client portfolio, team, IT systems, and supporting infrastructure.2025-10-23
  • M&AThe acquisition brings automation and AI insights to help firms close books faster, cut workloads, and focus on higher-value client work.2025-09-30

Mergers and acquisitions

Deals from the last 24 months where a Accounting and Tax Software company in India was the buyer or the one bought, newest first. “Undisclosed” means the price was never published — not that the deal was worth nothing.

AcquirerTargetDeal valueStatusDate
ZaggleNaundisclosedTerminated2026-04-06
ZaggleeffiasoftundisclosedTerminated2026-04-03
Acrophyte Asset ManagementSunTecundisclosedAnnounced2025-12-16
ZaggleRivpe Technology Pvt LtdundisclosedAnnounced2025-12-09
ZagglegreenedgeundisclosedCompleted2025-12-05
ZaggleRivpe Technology Private LimitedundisclosedAnnounced2025-12-05

Who is listing, hiring leaders, launching and winning work

Details specific event types such as IPO filings, leadership changes, product launches, and contract wins for the sector.

IPO pipeline
3 companies listed or filing · last 24 months
  • RazorpayIPO · 3 reportsApr 2026
  • IRISIPO · 1 reportJan 2025
  • ZaggleFollow-on Offering · 5 reportsDec 2024
Leadership moves
9 tracked people moves · last 12 months
  • ZaggleVenkata Aditya Kumar Grandhi · Resignation — was Chief Financial OfficerApr 2026
  • ZaggleRajesh Tummalaganti · Appointment → Interim Chief Financial OfficerApr 2026
  • TartanHQSubhrangshu Chattopadhyay · Appointment → Chief Business OfficerFeb 2026
  • ZaggleNilesh Dadpe · Appointment → Executive Vice President – Cross SellJan 2026
  • RazorpayPrabhu Rambadran · Appointment → Senior Vice President of EngineeringNov 2025
  • RazorpayPrabu Rambadran · Appointment → Senior Vice-President, EngineeringNov 2025
  • Digital CFOAlok Lall · Appointment → Strategic AdvisorOct 2025
  • KarbonVivek Srivastava · Appointment → Senior Director of ProductSep 2025
Product launches
tracked launches · last 12 months
  • RamcoAviation SuiteApr 2026
  • SunTecSunTec Xelerate Deal Management (Deal Management)Mar 2026
  • RazorpayAzentio AMLOCK (AML/KYC Compliance Platform)Mar 2026
  • RazorpayAgent Studio (AI Platform)Mar 2026
  • Tally SolutionsTallyPrime Cloud Access (Cloud-based financial management)Feb 2026
  • RamcoChia (Artificial Intelligence)Feb 2026
  • Tally SolutionsTallyPrime Release 7.0Jan 2026
  • RefrensEmbedded Invoicing & Accounting Suite (Embedded Invoicing & Accounting)Nov 2025
Contract wins
54 customer wins · last 24 months
  • Zagglewon Generali Central Insurance CompanyApr 2026
  • Zagglewon Fanuc India Private LimitedMar 2026
  • Ramcowon tata advanced systemsMar 2026
  • Ramcowon sahar groupMar 2026
  • Tally Solutionswon indian bankNov 2025
Workforce actions
3 companies cutting roles · last 24 months
  • Zaggle~500 roles reportedApr 2026
  • ClearTax~145 roles reported · strategic reorganisationAug 2025
  • OkCredit~70 roles reported · cost reductionApr 2025
Regulatory & litigation
14 regulatory events · 0 tracked suits · 24 months
  • ClearTaxapproved as an Accredited Service Provider — UAE Ministry of Finance (MoF) and Federal Tax Authority (FTA)Apr 2026
  • Razorpayapproved for offline payment aggregator — Reserve Bank of IndiaJan 2026
  • Razorpayapproved to operate as a cross-border payments aggregator — Reserve Bank of IndiaJan 2026
  • Zaggleapproved for allotment — SEBIDec 2025
Earnings pulse
companies reporting results · last 24 months
10 companies reporting68 company-quarters tracked

Half of these companies grew revenue faster than +31.7%, half slower.

Who is building Accounting and Tax Software in India

Profiles 1,228 founders and CEOs across 842 firms, noting frequent alma maters like BITS Pilani and common prior employers such as Flipkart.

Founders and chief executives12 of 1,228, from the best-funded companies on this page
Shashank Kumar
Co-Founder & Managing Director
Shashank Kumar

Co-founder & Managing Director - Mars Shot Ventures · Ex - Microsoft · Indian Institute of Technology, Roorkee

Sachin Agrawal
Co-Founder
Sachin Agrawal

Ex-Gravitas · Indian Institute of Technology, Bombay BTech 2012

Ravish Naresh
Co-Founder & CEO
Ravish Naresh
repeat founder

Ex-Co-Founder Housing.com. IIT Bombay BTech 2011

Sumit Khandelwal
Co-Founder & CEO
Sumit Khandelwal
repeat founder

Ex-Wipro Consumer Care, Hexaware Technologies. Nagpur University BE 2005, TAPMI PGDM 2009

Avinash Godkhindi
CEO & Managing Director
Avinash Godkhindi

eYantra Industries, ex- Barclays. UVCE BE 1999, The University of Chicago Booth School of Business MBA 2008

Harsh Pokharna
Founder & Chief Executive Officer
Harsh Pokharna

Okcredit, ex-Psi Phi, ex-Innominds, Indian Institute of Technology, Kanpur, 2014

Raja
Vice Chairman, Managing Director & CEO
Raja

University of Madras, University of Michigan

Pei-Fu Hsieh
Co-Founder and CEO
Pei-Fu Hsieh

Karbon Business, ex-01vc, ex-Mamilove, University of California at Berkeley Haas School of Business, 2012

Sumit Agarwal
Co-Founder & CEO
Sumit Agarwal
repeat founder

Ex-Spoyl, Intuit

Saurav Wadhwa
Co-Founder & CEO
Saurav Wadhwa

Ex-DTDC Express, Suhail Bahwan Group, B.N.Kedia. PGDAV College Delhi University BCom 1998, Institute of Chartered Accountants of India CA 2001

Rupesh Mishra
Co-Founder
Rupesh Mishra
repeat founder

GyanApp, Ex-Aetlo, Axis My India, AdNotesAdNotes, Searcharound. Malaviya National Institute of Technology Jaipur BTech 2016

Naveen Bindal
Co-Founder
Naveen Bindal

Enkash Corporate Cards And Spend Management Platform, ex-Payu, ex-Citrus Payment Solutions, Centre for development of Advanced Computing (C-DAC), 2000

Where the founders studied
alma mater on record for 158 of 1,228 founders
BITS Pilani29
IIT Kanpur19
Indian School of Business14
IIT Bombay13
IIT Delhi10
IIT Roorkee9
IIM Ahmedabad8
IIT Kharagpur8
Where they worked before
a previous employer on record for 38 of 1,228 founders
Flipkart9
Amazon6
Boston Consulting Group5
McKinsey4
Microsoft4
Apple3
Freshworks2
Google2
Founders flagged as repeat founders
of 1,130 founders with a profile on this page
19
carry a repeat-founder flag
  • flagged as repeat founders19
  • no repeat-founder flag1,111
Women and men among the founders
first names matched for 1,002 of 1,228 founders
10%
of matched founders are women
  • women99
  • men903
Inferred from first names, using 119 million people who state their own gender: a first name counts only where at least 20 of them share it and at least 90% of those share the same gender. The other 226 founders go in neither column.
Radar

Look up the people behind Accounting and Tax Software companies in India

Search founders, executives and operators by company, role and location.

Who funds Accounting and Tax Software in India

Records 422 funding rounds since 2016 from 1,706 investors, with a typical round size of $398 k.

Investor · most active investors since 2016RoundsLedLatest
Y Combinator2314Feb 2023
Angel List171Sep 2025
Peak XV Partners1510Apr 2025
LetsVenture123Nov 2023
Blume Venture96Jan 2026
Tiger Global Management84Dec 2021
Kunal Naresh Shah81Jun 2024
Accel81Mar 2025
Chiratae Ventures81Mar 2025
Kae Capital75Nov 2021
Stage mix · rounds since 2016
Seed & Angel321
Series A–B62
Series C+ / PE22
Grants, debt & other17

The typical round is $398k — half were bigger, half smaller.

The biggest Accounting and Tax Software funding rounds in India

Highlights the largest disclosed round—Razorpay’s $375 M Series F—and lists ten other large recent funding rounds.

CompanyRoundSizeWhenBackers
RazorpaySeries Fmega-round$375MDec 2021Lone Pine Capital, Alkeon Capital Management, TCV +4 more
RazorpaySeries E$160MApr 2021GIC, Ribbit Capital, Tiger Global Management +2 more
BizongoSeries D$110.8MNov 2021Tiger Global Management, IFC, Schroders +11 more
RazorpaySeries D$100MOct 2020GIC, Ribbit Capital, Tiger Global Management +3 more
KhatabookSeries C$100MAug 2021Tribe Capital, Alkeon Capital Management, Tencent +8 more
RazorpaySeries C$75MJun 2019Ribbit Capital, Tiger Global Management, Y Combinator +1 more
ClearSeries C$75MOct 2021Kora, Stripe, Alua Capital Management +1 more
XoxodaySeries B$70MFeb 2025Apis Partners
OkCreditSeries B$67MSep 2019Tiger Global Management, Lightspeed
KhatabookSeries B$60MMay 2020Tencent, DST Global, GGV Capital +12 more
Venture round sizes · 2023–2025
<$1M55
$1–10M30
$10–50M1
$50–250M2
>$250M0

88 venture rounds with a disclosed amount in the window.

Fresh cheques · last 6 months

What the news says about Accounting and Tax Software in India

Counts 217,885 news articles in the last year, with IPOs, listings, commodity trading, and trade wars being the most covered topics.

News volume
Accounting and Tax Software coverage across India · articles per quarter
2021Q2: 31,1232021Q3: 37,7762021Q4: 34,5892022Q1: 39,5282022Q2: 43,9732022Q3: 47,0352022Q4: 46,1482023Q1: 49,2322023Q2: 46,6852023Q3: 52,3882023Q4: 47,3382024Q1: 50,2192024Q2: 52,3722024Q3: 59,6442024Q4: 61,2322025Q1: 62,9672025Q2: 66,6632025Q3: 66,6082025Q4: 47,8842026Q1: 51,370
2021Q22026Q1
peak 66,663 in 2025Q2 · 217,885 articles in the last 12 tracked months
Tone of coverage
share of articles by dominant sentiment (positive / neutral / negative)
202120232025
Positive-tone share moved 64% → 71%, negative 35% → 27% across 2021–2025.

What the coverage is about

The subjects that dominate Accounting and Tax Software news in India. The arrow shows whether each one is being written about more or less than a year ago.

  • Initial public offerings (ipos)26,337▼-18%
  • Initial public offerings (ipos) and listings22,758→-2%
  • Commodity trading and price changes19,874▲+50%
  • Trade wars and geopolitical impacts19,413▲+32%
  • Asian financial market developments18,830▲+12%
  • Foreign exchange (forex) rate fluctuations18,495▲+25%
  • Emerging markets economic updates17,683▲+15%
  • Interest rate decisions and impacts16,415→+9%
  • Quarterly and annual financial results16,241▼-14%
  • Corporate earnings reports and financial performance15,449▼-12%
Most-covered companies · last 12 months

46 Accounting and Tax Software companies here were named in the news over this period.

Prism

Watch Accounting and Tax Software coverage in India as it happens

Prism follows these subjects story by story — which companies are named, what is said about them and how the tone moves.

Momentum

The words getting louder — and quieter

Which terms are showing up in more stories than a year ago, and which are fading. The percentage is the change in how many articles mention them.

commodity futures+57%crude oil prices+84%securities fraud+62%low-income banking+139%oil price volatility+100%performance sedan engines+204%commodity trading+193%sedan mpg comparison+111%compact sedan fuel efficiency+110%diesel sedan fuel consumption+110%
master franchising-100%conversion franchising-100%brand franchising-100%franchisee support-100%single-unit franchise-100%

The pressures the press keeps returning to

Three recurring angles in India Accounting and Tax Software coverage, and whether each is getting more attention year on year (through 2025).

Regulatory Risk ▲ rising
406,490 articles touch this dimension · 61.8% critical tone
20212025
signals: stock performance, stock indices, forex liquidity
Funding Momentum ▲ rising
70,345 articles touch this dimension · 61.2% critical tone
20212025
signals: pre-ipo valuation, ipo prospectus, ipo pricing
Growth ▲ rising
147,794 articles touch this dimension · 56.2% critical tone
20212025
signals: gdp growth forex, revenue beats, stock performance

Accounting and Tax Software jobs in India: who is hiring and what they ask for

Shows 557 job postings from 132 firms in the past year, listing top skills and a median advertised salary of $12 k per year.

557postings · last 12 months
717postings tracked overall
132employers advertising
$12kmedian advertised salary/yr (n=105)

Demand

The Skills Employers Ask For

What Accounting and Tax Software employers in India put in their job ads. The bar is how many postings ask for it; the arrow shows whether demand grew or shrank against the year before.

  • python67
  • sql59
  • sales53
  • java51
  • javascript47
  • communication skills35
  • negotiation35
  • excel35
  • analytical skills31
  • communication30
What level are these roles?
Entry14
Intern48
Senior109
Lead59
Manager120
Most advertised titles
  • Customer Service/Sales Representative (Surat)5
  • Customer Onboarding (Sales) Executive5
  • Finance Associate5
  • Product Manager5
  • Business Development Executive4
  • Senior Development Engineer - Cloud Native3

83 Accounting and Tax Software-relevant internships in India were advertised over the same 12 months.

What Accounting and Tax Software research in India is working on

Lists 1,335 papers from Indian institutions, categorizing them into identified problems, cautions, and opportunities.

How this field talks about itself
India-affiliated Accounting and Tax Software papers (gold) against all published research (grey)
Promising30.7% · 36.8%0.8×
Problem-identifying24.0% · 9.7%2.5×
Descriptive23.5% · 17.5%1.3×
Cautionary11.8% · 4.6%2.6×
Breakthrough7.0% · 26.5%0.3×
Comparative1.7% · 3.9%0.4×
How the work is done
Empirical58.3%
Reviews19.2%
Position pieces11.6%
Methods-led10.5%
Theoretical0.4%
How the research reads

96% positive · 0% neutral · 4% negative, across 1,335 papers.

The institutions doing the work · India
  • Chitkara University251
  • Amity University227
  • Symbiosis International University213
  • Indian Institute of Technology Kanpur198
  • Indian Institute of Technology Delhi187
  • Fore School of Management176

ranked by how often their work is cited

Leading researchers · India-affiliated work

Vikas Sangwan · Harshita Harshita · Puneet Prakash · Shveta Singh · Mohammad Asif · Mohd Naved Khan · Sadhana Tiwari · Showkat Khalil Wani

The most-cited breakthroughs
  • Eagle Strategy Arithmetic Optimisation Algorithm with Optimal Deep Convolutional Forest Based FinTech Application for Hyper-automation · 32 cites
  • Impact of technology on the financial performance of Indian commercial banks: a clustering based approach · 11 cites
  • ANALYZING OPPORTUNITIES AND OBSTACLES OF FINTECH IN INDIAN FINANCIAL MARKET · 2 cites
  • Sustainable digital finance and Finance 5.0: a systematic review and research agenda · 1 cites
  • Optimizing Cloud Resources for Financial Market Prediction: A Machine Learning Study on NVIDIA Stock Data · 1 cites
Common problems researchers identify249 papers · 5 recurring themes
Fintech / Financial Services — Common problems researchers identify
Problems · theme 01
Fintech / Financial Services
82 papers · 32.9% of this block
2022: 803 of every 10,000 papers on this subject2023: 810 of every 10,000 papers on this subject2024: 432 of every 10,000 papers on this subject2025: 306 of every 10,000 papers on this subject2022: 803 of every 10,000 papers on this subject2023: 810 of every 10,000 papers on this subject2024: 432 of every 10,000 papers on this subject2025: 306 of every 10,000 papers on this subject▼ -62% share2022→2025 share of research on this subject
FinTech · Financial services · Financial innovation · Marketing
“The Rise Of Fintech: Disrupting Traditional Financial Services”
82 of these papers raise it as a problem
Financial Inclusion / Financial Literacy — Common problems researchers identify
Problems · theme 02
Financial Inclusion / Financial Literacy
61 papers · 24.5% of this block
2022: 77 of every 10,000 papers on this subject2023: 105 of every 10,000 papers on this subject2024: 100 of every 10,000 papers on this subject2025: 223 of every 10,000 papers on this subject2022: 77 of every 10,000 papers on this subject2023: 105 of every 10,000 papers on this subject2024: 100 of every 10,000 papers on this subject2025: 223 of every 10,000 papers on this subject▲ +191% share2022→2025 share of research on this subject
Financial inclusion · Financial literacy · Financial services · Inclusion
“Financial Inclusion: The Role of Fintech and Digital Financial Services in India”
61 of these papers raise it as a problem
Retail Banking / Mobile Banking — Common problems researchers identify
Problems · theme 03
Retail Banking / Mobile Banking
42 papers · 16.9% of this block
2022: 876 of every 10,000 papers on this subject2023: 847 of every 10,000 papers on this subject2024: 950 of every 10,000 papers on this subject2025: 1,009 of every 10,000 papers on this subject2022: 876 of every 10,000 papers on this subject2023: 847 of every 10,000 papers on this subject2024: 950 of every 10,000 papers on this subject2025: 1,009 of every 10,000 papers on this subject▲ +15% share2022→2025 share of research on this subject
Retail banking · Mobile banking · Payment · Mobile payment
“Digital Transformation in India’s Financial Sector: Progress, Challenges and Policy Implications”
42 of these papers raise it as a problem
Financial Fraud / Credit Card Fraud — Common problems researchers identify
Problems · theme 04
Financial Fraud / Credit Card Fraud
34 papers · 13.7% of this block
2022: 33 of every 10,000 papers on this subject2023: 38 of every 10,000 papers on this subject2024: 33 of every 10,000 papers on this subject2025: 48 of every 10,000 papers on this subject2022: 33 of every 10,000 papers on this subject2023: 38 of every 10,000 papers on this subject2024: 33 of every 10,000 papers on this subject2025: 48 of every 10,000 papers on this subject▲ +47% share2022→2025 share of research on this subject
Financial fraud · Credit card fraud · Financial services · Anomaly detection
“Artificial Intelligence in FinTech”
34 of these papers raise it as a problem
Blockchain / Digital Currency — Common problems researchers identify
Problems · theme 05
Blockchain / Digital Currency
30 papers · 12.0% of this block
2022: 906 of every 10,000 papers on this subject2023: 967 of every 10,000 papers on this subject2024: 916 of every 10,000 papers on this subject2025: 1,033 of every 10,000 papers on this subject2022: 906 of every 10,000 papers on this subject2023: 967 of every 10,000 papers on this subject2024: 916 of every 10,000 papers on this subject2025: 1,033 of every 10,000 papers on this subject▲ +14% share2022→2025 share of research on this subject
Blockchain · Digital currency · Cryptocurrency · Currency
“Blockchain Technology for the Financial Market”
30 of these papers raise it as a problem
Cautions111 papers · 4 recurring themes
Fintech / Financial Services — Cautions
Cautions · theme 01
Fintech / Financial Services
38 papers · 34.2% of this block
2022: 200 of every 10,000 papers on this subject2023: 241 of every 10,000 papers on this subject2024: 235 of every 10,000 papers on this subject2025: 477 of every 10,000 papers on this subject2022: 200 of every 10,000 papers on this subject2023: 241 of every 10,000 papers on this subject2024: 235 of every 10,000 papers on this subject2025: 477 of every 10,000 papers on this subject▲ +138% share2022→2025 share of research on this subject
FinTech · Financial services · Financial innovation · Sustainability
“FinTech Revolution and Future of Sustainable Banking: Opportunities and Risks Analysis”
38 of these papers raise it as a problem
Financial Inclusion / Government — Cautions
Cautions · theme 02
Financial Inclusion / Government
36 papers · 32.4% of this block
2022: 66 of every 10,000 papers on this subject2023: 76 of every 10,000 papers on this subject2024: 71 of every 10,000 papers on this subject2025: 138 of every 10,000 papers on this subject2022: 66 of every 10,000 papers on this subject2023: 76 of every 10,000 papers on this subject2024: 71 of every 10,000 papers on this subject2025: 138 of every 10,000 papers on this subject▲ +110% share2022→2025 share of research on this subject
Financial inclusion · Government · Mobile banking · Mobile payment
“Impact of Digital Payment on Indian Financial Growth”
36 of these papers raise it as a problem
Financial Services / Investment — Cautions
Cautions · theme 03
Financial Services / Investment
24 papers · 21.6% of this block
2022: 1,071 of every 10,000 papers on this subject2023: 1,139 of every 10,000 papers on this subject2024: 1,043 of every 10,000 papers on this subject2025: 1,155 of every 10,000 papers on this subject2022: 1,071 of every 10,000 papers on this subject2023: 1,139 of every 10,000 papers on this subject2024: 1,043 of every 10,000 papers on this subject2025: 1,155 of every 10,000 papers on this subject▲ +8% share2022→2025 share of research on this subject
Financial services · Investment · Blockchain · Automation
“The Impact of Artificial Intelligence on Financial Decision-Making: A Fintech Perspective”
24 of these papers raise it as a problem
Digital Currency / Currency — Cautions
Cautions · theme 04
Digital Currency / Currency
13 papers · 11.7% of this block
2022: 132 of every 10,000 papers on this subject2023: 129 of every 10,000 papers on this subject2024: 90 of every 10,000 papers on this subject2025: 115 of every 10,000 papers on this subject2022: 132 of every 10,000 papers on this subject2023: 129 of every 10,000 papers on this subject2024: 90 of every 10,000 papers on this subject2025: 115 of every 10,000 papers on this subject▼ -13% share2022→2025 share of research on this subject
Digital currency · Currency · Monetary policy · Rupee
“A Study on Upcoming Central Bank Digital Currency: Opportunities, Obstacles, and Potential FinTech Solutions using Cryptography in the India”
13 of these papers raise it as a problem
Opportunities401 papers · 7 recurring themes
Fintech / Financial Services — Opportunities
Opportunities · theme 01
Fintech / Financial Services
88 papers · 21.9% of this block
2022: 200 of every 10,000 papers on this subject2023: 241 of every 10,000 papers on this subject2024: 235 of every 10,000 papers on this subject2025: 477 of every 10,000 papers on this subject2022: 200 of every 10,000 papers on this subject2023: 241 of every 10,000 papers on this subject2024: 235 of every 10,000 papers on this subject2025: 477 of every 10,000 papers on this subject▲ +138% share2022→2025 share of research on this subject
FinTech · Financial services · Sustainability · Financial innovation
“Embracing Fintech: India’s progress in the digitalization of the financial industry”
Financial Services / Interpretability — Opportunities
Opportunities · theme 02
Financial Services / Interpretability
66 papers · 16.5% of this block
2022: 131 of every 10,000 papers on this subject2023: 117 of every 10,000 papers on this subject2024: 74 of every 10,000 papers on this subject2025: 127 of every 10,000 papers on this subject2022: 131 of every 10,000 papers on this subject2023: 117 of every 10,000 papers on this subject2024: 74 of every 10,000 papers on this subject2025: 127 of every 10,000 papers on this subject▼ -3% share2022→2025 share of research on this subject
Financial services · Interpretability · Applications of artificial intelligence · Big data
“Artificial Intelligence and Fintech: Catalysts for Financial Transformation”
Mobile Payment / Payment — Opportunities
Opportunities · theme 03
Mobile Payment / Payment
64 papers · 16.0% of this block
2022: 865 of every 10,000 papers on this subject2023: 840 of every 10,000 papers on this subject2024: 948 of every 10,000 papers on this subject2025: 1,029 of every 10,000 papers on this subject2022: 865 of every 10,000 papers on this subject2023: 840 of every 10,000 papers on this subject2024: 948 of every 10,000 papers on this subject2025: 1,029 of every 10,000 papers on this subject▲ +19% share2022→2025 share of research on this subject
Mobile payment · Payment · Financial inclusion · Mobile banking
“The Impact of Digital Payment Systems on Financial Inclusion: Evidence from Small and Medium Enterprises in Developing Economies”
Financial Inclusion / Fintech — Opportunities
Opportunities · theme 04
Financial Inclusion / Fintech
56 papers · 14.0% of this block
2022: 86 of every 10,000 papers on this subject2023: 104 of every 10,000 papers on this subject2024: 105 of every 10,000 papers on this subject2025: 214 of every 10,000 papers on this subject2022: 86 of every 10,000 papers on this subject2023: 104 of every 10,000 papers on this subject2024: 105 of every 10,000 papers on this subject2025: 214 of every 10,000 papers on this subject▲ +148% share2022→2025 share of research on this subject
Financial inclusion · FinTech · Financial services · Inclusion
“The Impact of Fintech and Digital Financial Services on Financial Inclusion in India”
Financial Literacy / Digital Literacy — Opportunities
Opportunities · theme 05
Financial Literacy / Digital Literacy
51 papers · 12.7% of this block
2022: 98 of every 10,000 papers on this subject2023: 130 of every 10,000 papers on this subject2024: 124 of every 10,000 papers on this subject2025: 299 of every 10,000 papers on this subject2022: 98 of every 10,000 papers on this subject2023: 130 of every 10,000 papers on this subject2024: 124 of every 10,000 papers on this subject2025: 299 of every 10,000 papers on this subject▲ +204% share2022→2025 share of research on this subject
Financial literacy · Digital literacy · Financial inclusion · Empowerment
“FinTech and Financial Inclusion: Exploring the Mediating Role of Digital Financial Literacy and the Moderating Influence of Perceived Regula”
Blockchain / Database Transaction — Opportunities
Opportunities · theme 06
Blockchain / Database Transaction
40 papers · 10.0% of this block
2022: 906 of every 10,000 papers on this subject2023: 951 of every 10,000 papers on this subject2024: 888 of every 10,000 papers on this subject2025: 1,017 of every 10,000 papers on this subject2022: 906 of every 10,000 papers on this subject2023: 951 of every 10,000 papers on this subject2024: 888 of every 10,000 papers on this subject2025: 1,017 of every 10,000 papers on this subject▲ +12% share2022→2025 share of research on this subject
Blockchain · Database transaction · Financial transaction · Smart contract
“Innovation of Blockchain-based Cybersecurity Systems: Securing Financial Transactions and Reliable Data Sharing”
Random Forest / Scalability — Opportunities
Opportunities · theme 07
Random Forest / Scalability
36 papers · 9.0% of this block
2022: 132 of every 10,000 papers on this subject2023: 144 of every 10,000 papers on this subject2024: 85 of every 10,000 papers on this subject2025: 172 of every 10,000 papers on this subject2022: 132 of every 10,000 papers on this subject2023: 144 of every 10,000 papers on this subject2024: 85 of every 10,000 papers on this subject2025: 172 of every 10,000 papers on this subject▲ +31% share2022→2025 share of research on this subject
Random forest · Scalability · Credit card fraud · Database transaction
“Advancing Financial Fraud Detection: A Hybrid Machine Learning Approach with Explainable AI”

Which of these themes are growing fastest

Tracks how the share of research themes has shifted globally from 2022 to 2025.

Problems
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining sharelosing share
Financial Inclusion / Financial Literacy▲+191%
Financial Fraud / Credit Card Fraud▲+47%
Retail Banking / Mobile Banking▲+15%
Blockchain / Digital Currency▲+14%
Fintech / Financial Services▼-62%
Cautions
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining sharelosing share
Fintech / Financial Services▲+138%
Financial Inclusion / Government▲+110%
Financial Services / Investment▲+8%
Digital Currency / Currency▼-13%
Opportunities
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining sharelosing share
Financial Literacy / Digital Literacy▲+204%
Financial Inclusion / Fintech▲+148%
Fintech / Financial Services▲+138%
Random Forest / Scalability▲+31%
Mobile Payment / Payment▲+19%
Blockchain / Database Transaction▲+12%
Financial Services / Interpretability▼-3%
Prism

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Research themes, patent activity and the companies commercialising them, in one place.

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About this data: built from Fliar's company, founder, funding, hiring, jobs, news and research trackers, covering India. Counts are of companies we track, not of every company that exists. Updated August 2026.
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