Riddhi Corporate Services Limited

Name

Riddhi Corporate Services Limited

Legal name

Riddhi Corporate Services Limited

Website

https://riddhicorporate.co.in

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Integrated Business Process Outsourcing (Procurement, Logistics, and Manpower)

NAICS

Temporary Help Services (561320), Office Administrative Services (561110), Other Support Services (5619)

SIC

Services-Help Supply Services (7363), Services-Management Services (8741), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Service Desk & ITSM Outsourcing (BPAEAMAF)

akta.pro secondary industries

IT Service Desk & End-User Support (L1/L2) (BPAAACAA), Endpoint & Mobile Asset Management (UEM/MDM Asset Controls) (BPAEAOAI)

Keywords

• Logistics services
• Warehouse management
• Procurement services
• Workforce management
• Payroll processing

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Project Management Services: End-to-end project management services for cement plant projects, ICD operations, port assignments, and last-mile rollouts. Revenue generated through project fees, milestone-based payments, and resource deployment charges.
2. Logistics & Transportation: 3PL services including omnichannel fulfillment, last-mile delivery, freight & transport (FTL/LTL), route optimization, and reverse logistics. Revenue from transportation fees, fulfillment charges, and per-shipment rates.
3. Warehouse Management: Technology-driven warehousing and fulfillment services with storage fees, pick-and-pack charges, and inventory management fees. Revenue from storage capacity utilization and operational throughput.
4. HRMS & Payroll: Human resource management system and payroll processing services covering recruitment, onboarding, attendance, payroll, and statutory compliance. Revenue from per-employee payroll processing fees and platform subscription.
5. SLA-Based Manpower: Performance-driven workforce deployments with contractually defined KPIs and liquidated damage clauses. Revenue based on deployed headcount, shift coverage, and output-based performance metrics across Energy, Maritime, Logistics, and Aviation sectors.
6. Procurement Services: Strategic sourcing and procurement management covering 56+ product categories with ARC-locked pricing, vendor management, and procure-to-pay automation. Revenue from procurement service fees and volume-based negotiations.
7. Turnkey Projects (EPC): Engineering, procurement, and construction services with single point of accountability. Revenue from project-based fees covering engineering, procurement, construction, and handover phases.
8. Auditing Services: Audit and assurance services covering financial, mystery, admin, procurement, and fleet management audits with ₹400+ Cr yearly project value under audit. Revenue from audit engagement fees.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Riddhi Corporate Services Limited is a tech-enabled services company delivering integrated operational solutions across three core pillars—Procurement, Logistics, and Manpower Management—through eight service verticals (Project Management, Logistics & Transportation, Warehouse Management, HRMS & Payroll, Turnkey Projects, SLA-Based Manpower, Procurement, and Auditing). The company backs these services with 7+ proprietary technology platforms including PayEaze (global payroll), ShiftEaze (AI workforce rostering), RicRoot (AI hiring), and RProc (procurement). RCSL manages 30,000+ workforce across 300+ enterprise clients in India, USA, and Canada.

Product overview

Riddhi Corporate Services Limited (RCSL) operates as a tech-enabled services company with an integrated platform architecture built around three core pillars—Procurement, Logistics, and Manpower Management—supported by 7+ proprietary in-house technology platforms. The product portfolio comprises two layers: (1) eight service verticals including Project Management, Logistics & Transportation, Warehouse Management, HRMS & Payroll, Turnkey Projects (EPC), SLA-Based Manpower, Procurement, and Auditing; and (2) technology products including EAS (Employee Attendance & Management System), RicRoot (AI hiring platform), Payeaze (global payroll for India, USA, Canada), ShiftEaze (AI-powered workforce rostering), the Driver Indent Automatic Allocation System, RCSL Driver App, and RProc (procurement platform). These products work together through shared data infrastructure and API integrations to provide end-to-end operational solutions for enterprise clients.

Differentiator

Problem solved

Functional benefit

Brands

• PayEaze: Global payroll and attendance management platform serving businesses in USA and Canada with multi-state compliance, automated payroll processing, and W-2 generation capabilities.
• RicRoot
• ShiftEaze
• RProc
• RCSL Driver App
• EAS (Employee Attendance & Management System)

Products and services

• Logistics & Transportation Services Third-party logistics (3PL) services for enterprise clients including omnichannel fulfillment, last-mile delivery, freight transport (FTL/LTL), AI-driven dynamic route optimization, real-time tracking, fleet management, and reverse logistics. Designed for businesses across e-commerce, FMCG, manufacturing, and supply chain sectors seeking cost-effective delivery operations with reduced transit time.
• Warehouse Management Services Technology-driven warehousing and fulfillment services with cloud-based WMS, real-time inventory visibility, SKU-level tracking, flexible storage configurations, and integrated logistics support for end-to-end supply chain execution. Targets 99.9% dispatch accuracy and 100% pick-and-pack accuracy. Used by enterprises across 500+ cities in India.
• Procurement Services Strategic B2B procurement covering source-to-settlement lifecycle including RFQ, competitive negotiations, vendor management, order management, delivery coordination, and procure-to-pay settlement across 56+ product categories. Targets 1,000+ enterprise clients with ARC-locked pricing, 50,000+ unique SKUs, ₹500Cr+ orders processed, and 98.4% on-time delivery.
• HRMS & Payroll Services Human resource management covering full hire-to-retire lifecycle including recruitment, onboarding, automated payroll processing, time & attendance, leave management, statutory compliance (PF, ESI, PT, TDS), and workforce analytics. Backed by PayEaze platform processing payroll across India, USA, and Canada with multi-state/province labor law compliance and W-2 generation.
• Project Management Services End-to-end project management services for cement plant projects, ICD operations, port projects, and last-mile rollouts. Uses AI-driven resource planning, real-time milestone dashboards, and sector-specific execution frameworks. Targets on-time and on-budget execution across multi-stakeholder environments with accountability at every milestone.
• Turnkey Projects (EPC) Engineering, Procurement & Construction services with single-point accountability across project lifecycle covering feasibility, planning, resource mobilization, execution, and final handover. Integrated approach ensures timely delivery and successful project outcomes with minimal client involvement.
• SLA-Based Manpower Services Performance-driven workforce deployments built on contractually defined KPIs, penalty-linked accountability (liquidated damages), and real-time monitoring. Revenue based on deployed headcount, shift coverage, and output-based performance metrics. Deployed across Energy, Maritime, Logistics, and Aviation sectors managing 30,000+ workforce.
• Auditing Services Audit & assurance practice covering Financial, Mystery, Admin, Procurement, and Fleet management audits with GPS and telematics-backed evidence for route-vs-purpose mapping and fuel cost attribution. Handles ₹400+ Cr yearly project value under audit.
• PayEaze — Global Payroll Platform Cloud-based SaaS payroll and attendance management platform processing payroll across borders with compliance coverage for India, USA, and Canada. Handles wages, deductions, taxes, and statutory filings (PF, ESI, PT, TDS). US operations cover all 50 states with FLSA, ADA, FMLA compliance; Canadian operations cover 13+ provinces/territories with CRA compliance and PIPEDA-aligned data controls. SOC 2 Type II certified with 99.9% uptime SLA. Processes $3M+ payroll in USA and Canada.
• ShiftEaze — AI Workforce Rostering Platform AI-powered workforce rostering and micro-rostering platform with predictive capabilities for absence forecasting, live command-center dashboards, and predictive OT backfill planning. Operates at scale at Mundra Port managing 1,000+ operators across 6 terminals using ML models trained on historical attendance data.
• RicRoot — AI Hiring Platform AI-powered hiring platform matching blue-collar and grey-collar workers with employment opportunities. Features a live employer dashboard, verified candidate database (150k+ candidates), AI-matched hot leads, and global search with filters for blue-collar/grey-collar worker placement.
• RProc — Procurement Platform B2B procurement platform with ARC-locked pricing across suppliers, configurable multi-level approval workflows, client-specific catalogs, custom PO formats, and full audit trail. Manages 50,000+ unique SKUs and has processed ₹500Cr+ orders with 98.4% on-time delivery.

Quantifiable outcome

• Revenue doubled to Rs 513.43 crore in FY2026
• +9 more outcomes

Named customers34 records

Segments14 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability7 records

Feature8 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• WorkdaycoreTechnology or IntegrationIntegration partnership for HRIS data synchronization with PayEaze payroll and attendance platform in US operations. Pre-built integration enables seamless employee data flow.
• ADPcoreTechnology or IntegrationIntegration with ADP payroll systems for US payroll processing and compliance. Enables automated wage, deduction, and tax calculations.
• Ceridian DayforcecoreTechnology or IntegrationIntegration with Ceridian Dayforce HCM platform for Canadian payroll processing and compliance across 13+ provinces and territories.
• Mundra PortflagshipStrategic or Co-development PartnerFlagship operational deployment at Mundra Port managing 1,000+ operators across 6 terminals using ShiftEaze AI-powered rostering platform. Major reference site for port operations capability.

Scale indicators23 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Delhivery: Delhivery is a leading Indian logistics and supply chain services company offering 3PL, warehousing, and last-mile delivery. Both companies serve e-commerce, retail, and enterprise clients with similar operational coverage; Delhivery is also a customer of RCSL.
• Mahindra Logistics: Mahindra Logistics provides 3PL, warehousing, and supply chain management services across India with similar enterprise customers. Both companies operate integrated logistics + manpower solutions and serve large Indian conglomerates; Mahindra is also a customer of RCSL.
• Snowman Logistics: Snowman Logistics operates temperature-controlled warehousing and 3PL logistics across India. Comparable peer for RCSL's warehousing and pharmaceutical/cold chain service capabilities within RCSL's vertical mix.
• TeamLease Services: TeamLease is India's largest staffing and manpower services company offering temporary staffing, payroll, and HR services. Both companies provide SLA-based workforce deployment, payroll processing, and statutory compliance services in India.
• Quess Corp: Quess Corp provides integrated business services including staffing, facilities management, and technology solutions across India. Both operate integrated workforce + facility management models serving similar enterprise verticals; Quess is significantly larger and listed.
• TVS Logistics: TVS Logistics is the logistics arm of TVS Group, providing supply chain, warehousing, and transportation services globally. Both companies provide enterprise logistics, supply chain management, and workforce solutions; TVS is also an RCSL customer.
• Ceridian HCM (Dayforce): Ceridian Dayforce is a major payroll and human capital management platform operating globally including Canada. RCSL's PayEaze platform competes with Ceridian in Canadian payroll processing — Ceridian is also an RCSL integration partner via Nethris partnership.
• SIS India (Security and Intelligent Services): SIS India is one of India's largest facility management and security services companies, providing manpower deployment across India and internationally. Both focus on SLA-bound manpower deployment for enterprises with similar compliance-heavy engagement structures.
• DTDC: DTDC is one of India's largest express logistics and courier companies offering freight, supply chain, and last-mile delivery. Both companies compete in Indian logistics and warehouse management for enterprise and e-commerce clients; DTDC is also a customer of RCSL.

Broad incumbents

• ADP: ADP is the largest US payroll and HR services provider covering all 50 states with comprehensive compliance and large-enterprise customer base. PayEaze competes against ADP for US mid-market payroll while integrating with ADP as a partner — represents the dominant incumbent RCSL must displace.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/riddhi-corporate-services-limited
• Xx.com/rcspl_india

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 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 Riddhi Corporate Services Limited