LEDGERS
LEDGERS is a cloud-based SaaS platform offering AI-powered accounting, GST/VAT compliance, invoicing, payroll, and connected banking for SMBs and Chartered Accountants across India and the UAE, serving 10,000+ businesses as a subsidiary of EQL Financial Technologies.
- Company typePrivate
- Founded2020
- HeadquartersChetpet, India
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What LEDGERS does
LEDGERS, operated by LEDGERS IT Services Private Limited in India and LEDGERS Fintech Limited in the UAE, is a cloud-based SaaS platform delivering AI-first accounting, invoicing, payroll, banking, and tax compliance for small and medium businesses in India and the United Arab Emirates. The platform unifies GST filing (GSTR-1, GSTR-3B), e-invoicing with IRN generation, TDS filing, payroll processing, attendance tracking with AI facial recognition, expense management with AI OCR, IND-AS compliant double-entry accounting, and connected banking across ICICI, Axis, WIO, and Precisa banks. Direct native integrations with government portals (GSTN, MCA, Protean, FTA) and seven payment gateways (PayU, Razorpay, Cashfree, CCAvenue, Easebuzz, Eazypay, UPI) position compliance as a core regulated workflow rather than a feature add-on. Sub-brands include June AI (autonomous agentic AI for tax workflows), LEDGERS PRO (CRM for Chartered Accountants and professionals), and ASSURED (service partner marketplace).
The business operates a hybrid go-to-market combining product-led growth (free tier, no credit card, mobile apps on iOS and Android), enterprise field sales (Book Demo and Talk to Agent CTAs with Implementation and AI & Automation support packs), an API-first developer channel (~120ms RESTful APIs, OAuth 2.0, Node.js and Python SDKs, MCP integration, n8n workflow automation), and a CA/professional partner network. Revenue streams span annual SaaS subscriptions (₹9,999/year unlimited users for core Business; tiered SaaS Billing from ₹999 to ₹9,999/month), payment gateway transaction fees via smart routing, and multi-year professional services contracts. The platform serves 10,000+ businesses with 37,000+ payslips processed monthly across 3,659+ payroll customers, and is a subsidiary of EQL Financial Technologies Private Limited, which is backed by ICICI Bank, BeeNext, and Udtara.
LEDGERS firmographics
Firmographics- Name
- LEDGERS
- Legal name
- LEDGERS IT Services Private Limited
- Website
- https://ledgers.cloud
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- LEDGERS is a cloud-based SaaS platform offering AI-powered accounting, GST/VAT compliance, invoicing, payroll, and connected banking for SMBs and Chartered Accountants across India and the UAE, serving 10,000+ businesses as a subsidiary of EQL Financial Technologies.
- Ownership category
- akta.pro rank
LEDGERS industry classification
Industry- Product category
- Cloud Accounting Software
- NAICS
- Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Software Publishers (513210), Payroll Services (541214)
- SIC
- Services-Computer Processing & Data Preparation (7374), Finance Services (6199)
- akta.pro primary industry
- Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)
- akta.pro secondary industries
- Corporate Cash Management & Treasury ACH (FSAMAGAG), E-Signature & Digital Transaction Management (DTM) (HDAEAGAF)
Keywords
Where LEDGERS is headquartered
LocationHeadquarters
- HQ city
- Chetpet
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
LEDGERS business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- SaaS Subscription - Core Platform: Annual subscription model providing unlimited users across the unified platform including invoicing, GST filing, payroll, banking, and accounting. One license unlocks every feature for every user. Pricing tiers based on features rather than user count.
- SaaS Subscription - Payroll: Payroll processing subscription with per-business pricing. Platform processes 37K+ payslips monthly across 3,659+ businesses with automated salary calculations, statutory compliance, and instant payslip generation.
- Support and Implementation Services: Additional support packs including Implementation Onboarding & Consulting (assigned expert, guided onboarding, live training sessions, bulk import support) and AI & Automation packs (automation management, custom workflows, quarterly health check).
- Payment Gateway Transactions: Payment collection through integrated gateways (PayU, Razorpay, Cashfree, CCAvenue, Easebuzz, Eazypay, UPI) with automatic reconciliation to invoices. Features smart gateway routing for highest success rate and zero MDR on UPI.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Core Business Platform - Annual subscription with unlimited users |
| Freemium | Monthly | Free tier - No credit card required to start |
| Subscription | Monthly | SaaS Billing Platform - Subscription tiers by user count |
| Subscription | Multi-year contract | Implementation Support Pack - Onboarding and Consulting |
| Subscription | Multi-year contract | AI & Automation Pack - Workflow Automation Support |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels7 records
LEDGERS product offering
Product offeringCore offering
LEDGERS provides a unified cloud-based SaaS platform that combines AI-powered invoicing, GST/VAT and TDS return filing, payroll processing, expense management, inventory, and connected banking for small and mid-sized businesses in India and the UAE. The platform also offers a RESTful API for developers, a CRM (LEDGERS PRO) for chartered accountants and tax professionals, and an agentic AI assistant (June AI) that autonomously prepares and files statutory tax returns.
Product overview
LEDGERS is a unified cloud-based business management platform offering AI-first accounting and compliance solutions. The core platform (LEDGERS Cloud) integrates with specialized modules including the Invoice Platform for GST-compliant invoicing with multi-currency support, GST Filing for automated GSTR-1 and GSTR-3B return filing with June AI conversational agent, GST e-Invoicing for IRN/QR code generation, TDS Filing for automated return processing, UAE Corporate Tax for 9% compliance, Payroll Suite for India and UAE (including WPS), Attendance & Time Tracking with AI facial recognition, Employee KYC for Aadhaar/PAN verification, eSign & eStamp for digital signatures, Employment Contract Management, Expense Management with AI OCR scanning, Payment Gateway Integration (PayU, Razorpay, Cashfree, CCAvenue, Easebuzz, Eazypay), UPI QR Payments, Inventory Management with barcode support, Connected Banking (ICICI, Axis, WIO), Accounting Platform with IND-AS compliance, June AI Agents Platform for autonomous tax workflows, and LEDGERS PRO CRM for CA and tax professionals. The platform also offers a RESTful API for developers and mobile apps for Android and iOS. Ledgers operates across India and UAE markets.
Differentiator
Problem solved
Functional benefit
Brands
- June AI: Agentic AI platform for automating India tax and registry workflows including GSTR-1, GSTR-3B, and Digital Signature Certificate management
- LEDGERS PRO
- ASSURED by LEDGERS
Products and services
- LEDGERS Cloud Platform Unified cloud-based business management platform providing AI-first accounting, invoicing, payroll, HR, banking, and compliance solutions for India and UAE businesses. Sold as an annual subscription with unlimited users.
- LEDGERS PRO CRM and practice management platform for chartered accountants, lawyers, and consultants to manage client engagements, proposals, subscriptions, and AI-assisted service assignment.
- LEDGERS API Platform Developer API platform that enables businesses and developers to integrate invoicing, GST compliance, payments, banking, and reconciliation into their own products via RESTful JSON APIs.
- June AI (AI Agents Platform) Agentic AI platform that autonomously handles India tax and registry workflows including GSTR-1, GSTR-3B filing, HSN validation, ITC reconciliation, DSC renewals, and MCA filings through a conversational interface.
- LEDGERS Mobile App Native mobile applications for Android and iOS that provide invoicing, payment collection, expense recording, NIL GST filing, and connected banking with real-time balance monitoring.
- ASSURED by LEDGERS Marketplace platform that connects clients with independent service partners for IT and professional services, offered as a sub-brand of LEDGERS.
Quantifiable outcome
- 99.8% e-Invoice success rate with ~2.5 second IRN generation
- +4 more outcomes
Companies that use LEDGERS
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
LEDGERS technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration18 records
AI capability20 records
Feature9 records
LEDGERS partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and flagship.
- Axis BankcoreConnected banking integration with Axis Bank for live transaction feeds, statement sync, fund transfers, and automatic reconciliation. Enables OTP-verified payments and real-time balance monitoring directly within LEDGERS.
- WIO BankcoreConnected banking integration for UAE operations, enabling real-time transaction feeds and reconciliation for WIO Bank accounts used by UAE businesses on the LEDGERS platform.
- UPI (Unified Payments Interface)coreUPI payment collection with instant QR code generation for invoices, zero MDR (keep 100% of payments), real-time settlement 24x7, and automatic invoice reconciliation. Powered by NPCI infrastructure.
- PayUcorePayment gateway integration for online collections with automatic reconciliation. Smart routing picks highest success rate gateway automatically. One of 7+ integrated payment gateways.
- RazorpaycorePayment gateway integration for online collections with automatic reconciliation. Supports cards, net banking, wallets, and UPI with smart routing for maximum success rate.
- CashfreecorePayment gateway integration for automated collections and reconciliation. Supports multiple payment modes including UPI, cards, and net banking with instant settlement tracking.
- n8ncoreOfficial LEDGERS node for n8n workflow automation platform connecting to 1000+ apps. Enables Shopify order-to-GST-invoice automation, contact creation, inventory deduction, and receipt posting through no-code workflows.
- WorldlinecorePOS terminal integration with Worldline for automatic transaction sync. Every card payment automatically syncs with LEDGERS for instant invoice creation, contact sync, and inventory deduction.
- GSTN (Goods and Services Tax Network)coreDirect government portal integration for auto-fetch GST returns and e-invoicing. Enables GSTN auto-fetch of GSTR-1, GSTR-3B, and related filings without manual portal login.
- MCA (Ministry of Corporate Affairs)coreGovernment portal integration for company filings and director KYC verification. Enables automated MCA compliance workflows within the LEDGERS platform.
- ProteancoreTDS filing and PAN verification integration enabling automated TDS return processing (Form 138, 140, 143, 144) with TRACES-ready FVU generation and download.
- FTA (UAE Federal Tax Authority)coreUAE tax authority integration for VAT filing and corporate tax compliance. Supports UAE Corporate Tax (9% above AED 375,000), VAT returns, and FTA-aligned compliance dashboards.
- ShopifycoreE-commerce integration via n8n workflow automation. Automatically creates customer contacts with GSTIN, generates GST invoices with HSN/SAC codes, deducts inventory, and posts receipts when orders are placed on Shopify stores.
- EQL Financial Technologies Private LimitedflagshipParent company of LEDGERS. Mission to 'make Entrepreneurship Simple & Affordable.' EQL is backed by ICICI Bank, BeeNext, and Udtara. LEDGERS.Cloud is owned and operated by LEDGERS IT Services Private Limited (India) and LEDGERS Fintech Limited (UAE).
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
LEDGERS competitors and assessment
Company assessmentDirect peers
- Tally Solutions: India's dominant on-premise and cloud accounting platform with deep GST compliance, invoicing, and payroll functionality. Directly competes with LEDGERS in the India SMB segment; LEDGERS's cloud-native, AI-first positioning is explicitly designed to displace Tally's installed base.
- Zoho (Books and Finance Suite): Global SaaS suite including Zoho Books (invoicing/accounting), Zoho Invoice, Payroll, and Inventory. Directly overlaps with LEDGERS on invoicing, expense, and compliance workflows with multi-currency and multi-jurisdiction support; both target SMBs with integrated product suites.
- ClearTax (Defmacro Software): India-focused tax-filing and compliance platform offering GST return filing, e-invoicing, TDS, and accounting. Closest direct peer on India GST compliance automation; competes head-to-head for CA-led and SMB customer acquisition.
- FreshBooks: Cloud accounting platform for SMBs and freelancers with invoicing, expense tracking, and time billing. Comparable in product scope and SMB target market, though weaker on India/UAE regulatory compliance.
- myBillBook (Flobiz): India-focused mobile-first GST invoicing and accounting app for SMBs and retailers. Direct competitor in the low-ARPU, mobile-first India SMB segment that LEDGERS also targets with its iOS/Android apps.
- Wafeq: UAE-based cloud accounting and VAT compliance platform serving SMBs in the Gulf. Direct regional competitor in the UAE market, particularly around VAT filing and Corporate Tax compliance where LEDGERS is also expanding.
Broad incumbents
- QuickBooks (Intuit): Global SMB accounting incumbent owned by Intuit, offering bookkeeping, invoicing, payroll, and tax compliance. Not deeply localized for India GSTN workflows but competes in the UAE and US markets where LEDGERS is expanding.
- Xero: Global cloud accounting platform serving SMBs with invoicing, bank reconciliation, and payroll. Established presence in UAE through local partner integrations; competes with LEDGERS in the UAE SMB segment.
- Sage Group: Global accounting and payroll software incumbent serving SMBs and mid-market with Sage Business Cloud, Sage One, and Sage 50. Competes broadly with LEDGERS on accounting, payroll, and compliance in the SMB segment across multiple geographies.
Emerging players
- Khatabook (BYJU'S-owned): India SMB-focused digital ledger and billing platform that expanded into payments and credit. Overlaps with LEDGERS on invoicing and SMB digital bookkeeping for micro-merchants and small traders.
Market position
Strengths4 records
Weaknesses3 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
LEDGERS social profiles
Digital presenceLEDGERS compliance and trust
Trust signalCompliance5 records
LEDGERS financial estimates
Financial estimateRevenue estimate
Valuation estimate
LEDGERS leadership team
Management profileNumber of profiles
Profiles1 record
LEDGERS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LEDGERS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LEDGERS
What does LEDGERS do?
LEDGERS provides a unified cloud-based SaaS platform that combines AI-powered invoicing, GST/VAT and TDS return filing, payroll processing, expense management, inventory, and connected banking for small and mid-sized businesses in India and the UAE. The platform also offers a RESTful API for developers, a CRM (LEDGERS PRO) for chartered accountants and tax professionals, and an agentic AI assistant (June AI) that autonomously prepares and files statutory tax returns.
Is LEDGERS a public or private company?
LEDGERS is a private company. It is classified as venture growth investor backed and is currently operating.
When was LEDGERS founded?
LEDGERS was founded in 2020. It employs 501 to 1,000 people.
Where is LEDGERS based?
LEDGERS is headquartered in Chetpet, India, in the Asia region.
How does LEDGERS make money?
Four revenue lines are on record. SaaS Subscription - Core Platform is the primary driver. The others are saaS Subscription - Payroll, support and Implementation Services and payment Gateway Transactions.
Who are LEDGERS's main competitors?
Direct peers on record are Tally Solutions, Zoho (Books and Finance Suite), ClearTax (Defmacro Software), FreshBooks, myBillBook (Flobiz) and Wafeq. Broad incumbents are QuickBooks (Intuit), Xero and Sage Group. Khatabook (BYJU'S-owned) is listed as an emerging player.
Does LEDGERS have an API?
Yes. RESTful JSON APIs with ~120ms average latency, OAuth 2.0 + API key authentication, sandbox environment included, auto GST invoicing, payments & reconciliation in one call, webhooks for real-time event-driven workflows, rate limiting: 1,000 requests/hour. SDKs for Node.js and Python. Supports invoicing, payments, GST compliance, banking APIs, and customer management endpoints. Developer documentation is at ledgers.readme.io/reference/introduction-1.
What industry is LEDGERS in?
LEDGERS's product category is Cloud Accounting Software. Its primary akta.pro industry code is FSAGAAAC, Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts), with a secondary code of FSAMAGAG, Corporate Cash Management & Treasury ACH. Its NAICS code is 54121 and its SIC code is 7374.