#virtual cfo services in gurgaon

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[HR Tech Startups In India] A Complete Guide About The HR Tech Industry In India

If employees are the heartbeat of a company, then HR professionals are its heart.

The modern business world is very competitive. That is why HR professionals need to stay on top of their game to make insightful business decisions.

To make insightful decisions, so that the workplace environment remains healthy and brings the best out of every employee, companies are opting for tech-based solutions, in short, HR Tech.

Detailed Scenario of HR Tech Industry in India

With the increase in the number of HR Tech Startups in India, HR Tech industry in India has seen a lot of growth in the past few years.

As per a report, the HR Tech industry is expected to reach $34 billion by the year 2021. And, around $3.6 billion worth of that business is expected to come from Asia including India.

Tracxn estimated that between the year 2012 to 2016, over Rs 1,000 crore was invested by VCs in Human Resources startups.

And, in 2019, around $116 million was invested in Indian HR Tech startups.

Now, let’s have a detailed look at the HR Tech Industry In India.

Some HR Tech Startups in India

1. Darwinbox

2. ReferHire

3. Avsar

4. ZingHR

5. Culturro

1. Darwinbox 

Started in 2015, Darwinbox offers an end to end HR system and allows enterprises to manage the entire employee lifecycle on one unified platform.

Founded by Chaitanya Peddi, Jayant Paleti, and Rohit Chennamaneni, Darwinbox is focused on solving the challenges of people management in large and diverse organisations that have complex structures using the best of technologies.

2. ReferHire

ounded by Rohit Tewari and Jaspreet Oberoi, ReferHire is a global peer to peer hiring network.

ReferHire enables users to tailor build their hiring network by connecting with peers in specific companies of interest.

 ReferHire claims to have a community of more than 600,000 professionals and 95,000 companies across various industries.

This Indian HR Tech startup has generated around 1 million job views and matched over 225,000 jobs and candidates with each other.

3. Avsar

Founded in 2016 by Satyabrata Sethy, Navneet Singh, Nitish Rao, and Prateek Jha, Avsar is an Indian HR Tech startup and calls itself a ‘young next-gen HR Service provider’.

This HR tech startup provides services like volume hiring, contractual staffing, lateral hiring, CXO and executive search, campus recruitment, etc.

Started with a team of 12 members, and 4 clients, this HR Tech startup, now, has a presence in 180+ locations across 14 major industries.

Avsar has served over 150 clients and is still counting. Some of its clients include Amazon, Google, HDFC Bank, Flipkart, Udaan, BharatPe, Google Pay, Dunzo, Swiggy, Zomato and BigBasket.

4. ZingHR

Founded by Prasad Rajappan in 2014, ZingHR provides HR software that combines technology and effortless Cloud HRIS solutions to cover the entire spectrum from Hire-to-Retire processes.

ZingHR claims to have empowered over 1 Million Employee Records across 550+ companies worldwide.

5. Culturro

Started in 2017, this HR Tech startup is working with a vision to create the right workplace experiences for companies to let them achieve their strategic objectives.

Founded by Riti V. Srivastava and Ashish Manchanda, the startup has a tech platform, Agnya, that provides actionable insights by identifying workplace experience and its driver and helps to increase employee productivity.

Culturro enables companies to assess, execute and measure workplace experiences through its proprietary methodologies.

Growth Opportunities For Entrepreneurs In Indian HR Tech Industry

Following points show us why there are numerous growth opportunities for entrepreneurs who are intending to venture in the Indian HR Tech industry.

Increasing demand     for efficient and focused recruitment methods 

Need for     convenience and easy access to employees’ data.

Asian HR Tech     industry is estimated to be at $9 billion and it still has a huge     potential to grow.

Recent Funding In Indian HR Tech Startups

1. Darwinbox

Founded by Chaitanya Peddi, Jayant Paleti, and Rohit Chennamaneni in 2015, Darwinbox offers an end to end HR system and allows enterprises to manage the entire employee lifecycle on one unified platform.

Total Funding Raised by Darwinbox– $19.7 Million 

Recent Funding Raised by Darwinbox– $15 Million

2. Skillenza

Started in 2012 by Subhendu Panigrah, Prashant Koirala and Rajesh Rai,Skillenza is a one-stop online platform for networking, peer learning, community building, social connections, hackathons, coding challenge, assessment, and challenge-based rewards.

Total Funding Raised by Skillenza– $2 Million

Recent Funding Raised by Skillenza– $ 1Million

3. Kredily

Founded in 2017 by Devendra Khandegar, Kredily is a Human Resources Management and Payroll software for enterprises.

Kredily helps enterprises to automate their workflows and optimize business expenses.

Total Funding Raised by Kredily– $750k (seed funding, recent)

4. Zimyo

Founded by Kumar Mayank and Ajay Kadyan in 2018, Zimyo is an Indian HR Tech startup that is working with a mission to empower organisations with solutions to manage and retain talent.

Recent Funding Raised by Zimyo– Undisclosed Amount

Some HR Tech magazines

People Matters

Business Manager

Human Capital

Perfect Professional

Incubators and Accelerators for HR Tech Startups in India

Many Indian incubators and accelerators are offering various programs to help startups in the HR Tech sector.

These incubators and accelerators help Startup Funding Options in Gurgaon, mentoring, co-working space, networking and marketing, etc.

Some of the prominent incubators and accelerators for HR Tech Startup IT Services in Delhi are:

TLabs

iCreate

Prime Venture Partners

Indian Angel Network 

Amity Innovation Incubator

Centre for Innovation Incubation and Entrepreneurship

Growth Forecast and Future of Indian HR Tech Industry

With the increasing need for efficient and focused recruitment methods, the demand for HR Tech in India will be unprecedented in future.

Reports are predicting that the HR Tech industry is expected to reach $34 billion by the year 2021.

As technology changes fast and delivers more improved solutions, the demand for the Human Resources Management System will increase.

And advancements in cloud, machine learning, IoT, AI, virtual reality, augmented reality and more such technologies will provide better and provide solutions for enterprises.

Read: 

Company Registration

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How to Register a Private Ltd Company

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Virtual CFO

[gvcaudit]

GVC Audit

GVC Audit is one of the Best Financial service providers in Gurgaon, Haryana. We have all expert services which will save your time and cost. We can help you align Finance to your Business. Our best services are Startup Consulting Services, Virtual CFO Services, India Entry Services, Business Registration Services & many more. If you want to know more about us you can visit our website.

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VIRTUAL CFO Start-ups and small companies require services of an expert finance leader for end to end finance matters but don't have resources to hire a full time Chief Financial Officer (CFO). Here, Virtual CFO comes into focus. Virtual CFO service enables a company to hire an outsourced service provider who possess high skill and ability to assist the company in financial matters. For this, we understand the business environment, skills set of your company, and your present stage in business lifecycle stage. After understanding all these issues, we take up the charge as virtual CFO and provide day-to-day support to the team and management.

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Best CA in Gurgaon, India - Kea Finance

Are you looking for best CA in Gurgaon? We are a New Age financial consulting company, we implement solutions with the help of technology, but we do not abide by industry rules and regulations. We take up challenges and provide unique and customized finance solutions to our clients. At Kea Finance, we provide real-time status of projects to our clients, help them deliver consistent services, and facilitate business registrations in India. Over the years, we have diversified our services to include Indian and foreign business registrations, tax registration and filing, audit services, tax compliance services, and virtual CFOs for different businesses.

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Tech Firms in India Step in to Fight COVID-19

COVID-19 has brought the whole world to a standstill and confined people to their homes across the globe. In such a scenario, many tech companies are collaborating with governments, researchers and communities in the fight against Covid-19. Some are also undertaking various humanitarian efforts to prevent the spread of misinformation.

SAP recently launched ‘Bridge-IT’, an app created using SAP and Qualtrics technology that’s aimed to provide employees and customers with accurate real-time facts on COVID-19 and personalized guidance on how to cope with the virus.

“The current situation requires enterprises to provide with accurate and real-time facts on COVID-19 as well as personalised guidance on the next steps to maintain business continuity. With the volume of information available around us today, it is necessary to take steps towards restoring the right to correct information for all,” said Anil Khatri, Head IT – South Asia, SAP.

Khatri informed that the app is created to collate information from trustworthy sources including The World Health Organisation (WHO) and combine it with specific country data, local government guidance, travel information and relevant company policies to provide localized information for users.

Chipmaker Intel is working with India’s Council of Scientific and Industrial Research and International Institute of Information Technology, Hyderabad, to deploy Intel client and server solutions to help achieve faster and less expensive COVID-19 testing and coronavirus genome sequencing to understand epidemiology and AI-based risk stratification for patients with co-morbidities or in other words, more than one illness or disease occurring in one person at the same time.

Intel is also collaborating with IT apex body NASSCOM to build an application ecosystem and multicloud backend to enable population-scale COVID-19 diagnostics, in order to predict outbreaks and to improve medical care management and administration.

TTM.com/wp-content/uploads/2020/03/cyber-corona-24×16.jpg 24w, https://www.TTM.com/wp-content/uploads/2020/03/cyber-corona-36×24.jpg 36w, https://www.TTM.com/wp-content/uploads/2020/03/cyber-corona-48×32.jpg 48w, https://www.TTM.com/wp-content/uploads/2020/03/cyber-corona.jpg 675w” sizes=”(max-width: 300px) 100vw, 300px”>IT firm Nutanix has also stepped up support to businesses in India and the larger Asia Pacific. To ensure availability to cloud based remote working solutions, it is offering free Virtual Desktop Infrastructure (VDI) and DaaS software to enable businesses, individuals, teams, customers, and partners to be up and running within an hour.

“Isolated staff can then have safe and secure access to any application simply from their home web browser, with no software download or upgrade required. As part of our commitment to assured and uninterrupted availability of service, we have also increased availability of Xi Frame with 5 new ‘cloud regions’. This brings to 25 the total number of Azure, AWS, and GCP data centres across the region available to accommodate businesses as they struggle to remain efficient and productive,” said Balakrishnan Anantharaman, Vice President and Managing Director of Sales, India and SAARC, Nutanix.

“We are also aware that that this accelerated race to the cloud needs to be managed appropriately. Optimising resources and spend is both prudent and critical in turbulent times – we are therefore supporting organizations with Nutanix Beam, which optimizes public cloud spends and monitors policy and compliance requirements to ensure businesses are able to navigate the fallout from the COVID pandemic,” he added.

Bangalore-based Hinduja Global Solutions (HGS) is also helping clients to better manage the crisis through various technology-led business continuity solutions such as HGS DigiBOTS Crisis Assistance solution that uses artificial intelligence to deliver HR-related info faster to employees, HGS Work@Home, HGS EPIC social media tool, etc.

Read more: How to Create a Resilient Business Model in the Face of COVID-19

“Today, the entire world is fighting an unprecedented crisis COVID-19. As a responsible corporate, HGS has put its best foot forward to protect our employees and clients as well as assist our communities and governments in their fight against the disease,” said Srinivas Palakodeti, Global CFO, HGS.  He adds that with over 1,200 qualified registered nurses, the company is offering phone-based nurse triage services to provide front-line support for COVID-19 callers and enable staff of US-based healthcare providers and health insurance plans to focus on critical case requirements.

TTM.com/wp-content/uploads/2020/05/coronavirus-in-india_CXO-24×18.jpg 24w, https://www.TTM.com/wp-content/uploads/2020/05/coronavirus-in-india_CXO-36×27.jpg 36w, https://www.TTM.com/wp-content/uploads/2020/05/coronavirus-in-india_CXO-48×36.jpg 48w, https://www.TTM.com/wp-content/uploads/2020/05/coronavirus-in-india_CXO.jpg 600w” sizes=”(max-width: 300px) 100vw, 300px”>

“For our own employees, we have developed a self-diagnosing bot called ‘HGSQuickEntry’, an easy-to-use mobile app that allows our employees to self-screen for any health issues before reporting to work. We are also leveraging a host of tools to help create a better experience for them while working from home… this includes client delivery, training and employee engagement,” mentioned Palakodeti.

HGS has also taken steps for making the community safer. He said, “In Karnataka, we are collaborating with a few other BPM companies in supporting two of the state government’s critical helpline initiatives.”

One is a 24-hour COVID-19 phone helpline with volunteer agents answering various queries from citizens while the second is Apthamitra, a telemedicine helpline manned by over 50 nurses and doctors. HGS has also donated over 30,000 reusable masks to the Bengaluru City Police to protect police personnel as they continue to enforce prescribed government guidelines. “We’re actively supporting Hinduja Hospital in setting up isolation wards, purchasing medical equipment and procuring face masks for distribution among COVID warriors,” Palakodeti said.

ThoughtWorks and Ashoka University have collaborated to develop what it calls India’s first ultra-large-scale agent-based simulation model to stop the spread of COVID-19. The model, called BharatSim, builds on EpiRust, an open source framework, said ThoughtWorks.

Gunjan S, Director, ThoughtWorks Engineering for Research (E4R) said, “In  BharatSimeach individual is simulated as an “agent” on a computer. The properties of agents are chosen to match those known from district and state-level demographic studies, including age distributions, sex ratios, population densities and health indicators. The model will also include geographical information.

“The model will initially represent 5% of the Indian population at a level of detail most useful to epidemic modelling. In the coming months, it will be expanded to represent up to 40% of the Indian population,” she informed.

Some of the toughest problems and challenges in science today need scientists, academics and technologists to come together. Given the unprecedented nature of the problem at hand, teaming up with Ashoka University we believe we can provide the right tool for policy makers,” S Mahale, another director of the company, added.

There are several other such examples. ‘MyGov Saathi’ has been developed pro-bono by Accenture in collaboration with Microsoft needs a special mention. The AI powered virtual agent to support the government’s communication efforts around Covid-19 and Self4Society.

According to the company, “It will provide provide ready access to Covid-19 related resources such as latest updates, helplines, advisories from various central and state government departments, and access to Self4Society initiatives including donation and volunteering,”

Artificial intelligence (AI) chatbot company Haptik Infotech, a Reliance Jio-backed tech firm developed the MyGov Corona Helpdesk chatbot, the government’s dedicated WhatsApp chatbot MyGov Corona Helpdesk, which aims to provide timely updates and help citizens clear their queries on Covid-19.

Gurgaon-based start-up Staqu has launched a thermal camera under its video analytics platform, JARVIS. This technology will alert the system of anyone with a body temperature of above 37° C and examines heat signatures directly through the cameras, enabling authorities to spot and further inspect suspected virus carriers. Many other startups have also joined the bandwagon and coming up with new solution to help the government in the fight against the coronavirus pandemic.

Read more: Start-ups assisting government to combat COVID-19

Like the rest of the world, India needs to sustain and enhance an innovation mindset to continue the fight against COVID-19. As former Microsoft CEO Bill Gates observed that innovation will be critical to stemming the damage from COVID-19.

“…During World War II, an amazing amount of innovation, including radar, reliable torpedoes, and code-breaking, helped end the war faster,” Gates wrote. “This will be the same with the pandemic. I break the innovation into five categories: treatments, vaccines, testing, contact tracing, and policies for opening up. Without some advances in each of these areas, we cannot return to the business as usual or stop the virus.”

Meanwhile, the number of coronavirus positive cases in India has risen sharply over the past two days and it has crossed 62,000-mark, as confirmed by the Ministry of Health and Family Welfare’s data and needs immediate attention by the government and private organizations alike.

The post Tech Firms in India Step in to Fight COVID-19 appeared first on TTM.com.

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VIRTUAL CFO Start-ups and small companies require services of an expert finance leader for end to end finance matters but don't have resources to hire a full time Chief Financial Officer (CFO). Here, Virtual CFO comes into focus. Virtual CFO service enables a company to hire an outsourced service provider who possess high skill and ability to assist the company in financial matters. For this, we understand the business environment, skills set of your company, and your present stage in business lifecycle stage. After understanding all these issues, we take up the charge as virtual CFO and provide day-to-day support to the team and management.

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