247HRM - India's leading HR Software

What 247HRM - India's leading HR Software does

247HRM, operated by InterBiz Solutions LLP, is a Hyderabad-based HR and payroll SaaS platform purpose-built for Indian businesses. The company was founded in 1996 and has built a unified HRMS spanning 24 modules across four suites — Core HR (employee management, face-recognition attendance, leave, claims, loans, ATS, timesheets), Payroll & Compliance (full-cycle payroll automation, statutory compliance, employee self-service, payroll outsourcing), Performance & Growth (performance management, talent analysis, 360° feedback, smart auth, learning management), and Workplace Culture (engagement and wellbeing surveys co-developed with IIT Hyderabad, custom surveys, rewards and recognition). The architecture is anchored on a single employee record that feeds all modules, hosted on AWS Mumbai with AWS Hyderabad backup, and certified to ISO/IEC 27001:2022, ISO/IEC 27701:2019, SOC 2 Type II, and ISO 9001:2015 standards.

The platform's defining technical differentiator is its India-specific statutory engine handling PF, ESI, PT, LWF, and TDS across 22+ Indian states, plus Factories Act and Shops & Establishments compliance, multi-state payroll on a single screen, and inspection-ready ECR/Form 16/24Q output. AI capability is embedded throughout workflows rather than marketed standalone: face-recognition attendance with liveness detection (99%+ accuracy in controlled testing, geo-fenced), 11 live AI features spanning hiring (JD creation, resume parsing, ATS scoring, chatbots), performance (Goal Bank, SWOT, sentiment analysis, multi-language translate), and predictive shift suggestions. Pre-built integrations cover Tally, SAP, Oracle NetSuite, Microsoft Dynamics, Zoho Books, QuickBooks, four biometric hardware vendors, and five major Indian banks for salary disbursement.

247HRM monetises through a per-employee per-month SaaS subscription across four tiers (Seed ₹1,999/month up to 50 employees; Shoot ₹2,999/month up to 100; Sapling ₹3,999/month up to 250; Tree ₹4,999/month base with custom sizing and volume discounts above 500 employees), supplemented by add-ons such as geo-fencing at ₹50/employee/month. GTM combines direct enterprise field sales with personalised 30-minute demos, a 7-day free trial provisioned within 24 hours, and 10-day fully managed go-lives, alongside an authorised channel partner program for regional rollout. The company serves 1,500+ companies managing 4,00,000+ employees daily across 30+ verticals, with primary focus on retail chains, automotive dealer networks, manufacturing plants, hospitals and healthcare, and IT/ITES — supported by 7 offices across India.

Name

247HRM - India's leading HR Software

Legal name

InterBiz Solutions LLP

Website

https://247hrm.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Short description

247HRM (InterBiz Solutions LLP) is a Hyderabad-based HR and payroll SaaS platform purpose-built for Indian businesses, offering unified core HR, payroll, statutory compliance, performance, and culture modules across 22 states for 1,500+ companies.

Ownership category

akta.pro rank

Product category

Human Resources and Payroll Software

NAICS

Payroll Services (541214)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Payroll Software & Payroll-as-a-Service (SaaS) (BPACAIAB)

akta.pro secondary industries

Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ), Payroll Outsourcing & Pay Administration (Multi-country/Managed Payroll) (BPACAKAD)

Keywords

• HR and payroll software
• Statutory compliance automation
• Attendance management
• Performance management
• Employee self-service

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Others

Revenue model

1. SaaS Subscription (Per-Employee Per Month): Core revenue stream is a per-employee per-month SaaS subscription model. Four pricing tiers (Seed, Shoot, Sapling, Tree) with per-employee pricing above plan headcount limits. Volume discounts apply above 500 employees. Add-on pricing for geo-fencing features.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

247HRM sells a cloud HR and payroll SaaS platform built specifically for Indian statutory requirements (PF, ESI, PT, LWF, TDS across 22+ states), delivered as four suites — Core HR, Payroll & Compliance, Performance & Growth, and Workplace Culture — covering 24 modules on a single employee record. Customers buy a per-employee-per-month subscription with face-recognition attendance, full-cycle payroll, statutory filings, employee self-service, performance, and engagement modules, plus optional managed payroll outsourcing and channel-partner implementation across India.

Product overview

247HRM is an all-in-one HR & payroll platform for Indian businesses offering a unified platform-plus-modules architecture. The product is organized into four main suites: Core HR (7 modules including Employee Management, Attendance with Face Recognition, Leave Management, Claims, Loans, ATS, Timesheets), Payroll & Compliance (4 modules covering full-cycle Payroll Automation, Statutory Compliance for PF/ESI/PT/LWF/TDS, Employee Self Service, and Payroll Outsourcing), Performance & Growth (5 modules including Performance Management, Talent Analysis, 360° Feedback, Smart Auth, Learning Management), and Workplace Culture (4 modules covering Engagement Survey, Wellbeing Survey co-developed with IIT Hyderabad, Custom Survey, and Rewards & Recognition). All 24 modules share a single employee record, enabling single data entry that flows through attendance, leave, payroll, and performance workflows. The platform is built specifically for Indian businesses with 22-state statutory compliance and industry-specific templates for Retail, Automotive, Manufacturing, Healthcare, IT & Services, and Education verticals.

Differentiator

Problem solved

Functional benefit

Products and services

• Core HR Suite A bundled HR software suite for Indian businesses covering the full employee lifecycle from onboarding to exit, including employee records, attendance, leave, expense claims, loans, recruitment, and project timesheets.
• Payroll & Compliance Suite A bundled payroll and compliance suite for Indian businesses that automates full-cycle payroll across 22 states, auto-generates PF, ESI, PT, LWF, and TDS filings, delivers mobile self-service, and offers optional managed payroll outsourcing.
• Performance & Growth Suite A bundled performance and learning suite with goals, reviews, 9-box talent analysis, 360-degree feedback, role-based Smart Auth approvals, and a learning management system for Indian HR teams.
• Workplace Culture Suite A bundled employee engagement and wellbeing suite with engagement surveys, a custom survey builder, peer rewards and recognition, and the Wellbeing Survey module co-developed with IIT Hyderabad that delivers 30+ analytics charts.
• Payroll Outsourcing Service A managed payroll service where 247HRM experts take over full-cycle payroll processing for the customer's organisation on the platform, providing people-driven execution rather than software alone.

Quantifiable outcome

• Full-cycle payroll automation processes 5,000 employees in under 10 minutes with 95%+ fewer errors
• +7 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

AI capability9 records

Feature6 records

Partnerships

15 partnerships are on record, tiered core.

• TallycoreTechnology or Integration247HRM provides a pre-built accounting integration with Tally, enabling payroll data to flow directly into customers' accounting ledgers. This eliminates manual journal entry post-payroll.
• SAPcoreTechnology or Integration247HRM integrates with SAP for enterprise customers requiring payroll data to sync with their SAP ERP environment. Supports bi-directional data flow.
• Oracle NetSuitecoreTechnology or IntegrationPre-built integration with Oracle NetSuite for customers running NetSuite ERP. Payroll outputs sync to NetSuite financial modules.
• Microsoft DynamicscoreTechnology or IntegrationIntegration with Microsoft Dynamics for enterprise payroll-ERP sync. Supports customers running Dynamics 365 Finance & Operations.
• Realtime (Biometric)coreTechnology or IntegrationBiometric device integration with Realtime attendance devices. Attendance data from Realtime hardware syncs automatically to 247HRM for payroll processing.
• eSSL (Biometric)coreTechnology or IntegrationIntegration with eSSL biometric devices. Supports attendance capture and sync to 247HRM for organisations using eSSL hardware.
• Matrix (Biometric)coreTechnology or IntegrationBiometric integration with Matrix attendance devices. Supports multiple device models and configurations for manufacturing and plant environments.
• ZKTeco (Biometric)coreTechnology or IntegrationIntegration with ZKTeco biometric devices. Widely deployed in Indian manufacturing and retail for time and attendance capture.
• HDFC BankcoreTechnology or IntegrationBank advice file integration with HDFC Bank for salary disbursement. 247HRM generates NEFT/RTGS-compatible bank files in the format accepted by HDFC.
• ICICI BankcoreTechnology or IntegrationBank advice file integration with ICICI Bank for salary disbursement. 247HRM generates bank files compatible with ICICI's bulk payment format.
• State Bank of India (SBI)coreTechnology or IntegrationBank advice file integration with SBI for salary disbursement. Supports SBI's bulk payment processing requirements.
• Axis BankcoreTechnology or IntegrationBank advice file integration with Axis Bank. 247HRM generates salary disbursement files in Axis Bank's required format.
• Kotak Mahindra BankcoreTechnology or IntegrationBank advice file integration with Kotak Mahindra Bank for bulk salary processing. 247HRM generates Kotak-compatible bank advice files.
• IIT HyderabadcoreStrategic or Co-development PartnerCo-developed the Wellbeing Survey module with IIT Hyderabad, using the institute's wellbeing index methodology. Engagement analytics with 30+ charts derived from this research collaboration. Powers the 'Winning Workplaces' product feature.
• Channel PartnerscoreChannel Partner/ Reseller/ Distributor247HRM operates an authorised channel partner program across India for resale, referral, and implementation. Partners receive recurring revenue, implementation support, and access to the partner portal. Partners cover rollout, training, and statutory configuration for regional customers.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Paychex: Paychex is a US-focused payroll and HR solutions incumbent serving SMB and mid-market US employers. While India is not its primary market, it represents the kind of global incumbent benchmark 247HRM's 'India-first' positioning is explicitly differentiated against in regulatory depth.
• ADP (India): ADP is a global payroll and HCM incumbent with a sizeable Indian payroll operations and product presence. While ADP's depth spans multiple countries and larger enterprise tiers, it competes with 247HRM for multinationals' India-country payroll and for Indian mid-market employers seeking outsourced payroll services.
• Workday HCM: Workday is a global enterprise HCM, payroll, and finance SaaS incumbent often deployed by large multinationals operating in India. While Workday's payroll-localisation for India is deeper than some peers, it competes at the high end of the same enterprise HR/payroll market that 247HRM enters via its 'Tree' tier and managed implementation.
• UKG (Ultimate Kronos Group): UKG combines workforce management (Kronos) and HCM (UltiPro) for global enterprises, including workforce scheduling, time and attendance, and payroll. UKG is a benchmark incumbent for the workforce-management, attendance, and time-tracking layers that 247HRM addresses with face recognition and geo-fencing.

Direct peers

• GreytHR: GreytHR is an Indian cloud payroll and HR software provider known for its payroll-first approach and strong presence among Indian SMBs. It overlaps directly with 247HRM on per-employee SaaS payroll, statutory compliance, attendance, and employee self-service, and competes for the same Indian employer buyer.
• Darwinbox: Darwinbox is an enterprise-grade Indian HRMS platform serving large Indian and multinational employers with core HR, payroll, workforce management, and employee experience. Both companies compete head-to-head for Indian enterprise and mid-market HR/payroll deals and both emphasise Indian compliance depth.
• Keka HR: Keka is a leading Indian HR and payroll platform serving SMB and mid-market employers with payroll, attendance, performance, and employee engagement modules. Like 247HRM, it is purpose-built for Indian statutory compliance (PF/ESI/PT/TDS) and competes directly for the same mid-market and enterprise Indian buyers across the same geographies.
• PeopleStrong: PeopleStrong is an Indian HR technology company offering HR, payroll, talent management, and workforce analytics for mid-market and enterprise customers. It is one of the established India-centric HRMS vendors and competes directly with 247HRM on payroll compliance and broader HR suites.
• Ramco Global Payroll: Ramco Global Payroll is an Indian-headquartered payroll and HCM provider with strong multi-country payroll, AI-enabled features, and enterprise-grade deployments. It competes with 247HRM for Indian mid-market and enterprise payroll deals and overlaps on statutory compliance and AI capabilities.
• Zoho People: Zoho People is the HR module of the broader Zoho productivity suite, offering HR, attendance, leave, performance, and India-relevant payroll features. It is a substitute product for Indian employers evaluating 247HRM, particularly those already using Zoho Books/CRM, and competes at the SMB and mid-market tier.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@247HRM
• LinkedInlinkedin.com/company/247hrm
• Xx.com/247HRMS
• Facebookfacebook.com/247HRMSoftware

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 247HRM - India's leading HR Software