Payroll Services Company for Sale in Mumbai, India
Established | 10-20 year(s) |
Employees | 2 - 5 |
Legal Entity | Private Limited Company |
Reported Sales | USD 29.6 thousand |
Run Rate Sales | USD 30 thousand |
EBITDA Margin | 30 - 40 % |
Industries | Staffing |
Locations | Mumbai |
Local Time | 11:07 PM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Active |
- Successfully meeting SOC2 requirements under SSAE 16, ensuring top-notch security and reliability.
- Currently managing payroll for around 20 companies, generating an average of 1,200 payslips monthly.
- Each payslip yields revenue ranging from Rs 170-180, showcasing a robust financial performance.
- Cultivating enduring client relationships, with an average client tenure exceeding 8 years.
- Serving a clientele of approximately 12 companies, involving a total of 20 processed entities.
- The payroll processing services encompass a spectrum of activities, including salary structure management, monthly processing, quarterly activities, and year-end processing.
- Monthly payroll operations involve precise data processing, TDS calculation, and detailed audits with client approvals.
- Varied reports are generated monthly, pinpointing reasons for discrepancies in TDS, Gross pay-out, and net pay-out.
- Swift generation of bank transfer files ensures seamless monthly salary crediting.
- Proficient in generating MIS and compliance statutory reports & challans for PF, ESIC, P. TAX, and TDS.
- Full and final settlement services offered for resigned employees.
- Quarterly activities include rigorous returns audit and timely filing of TDS returns for clients.
- Year-end processes cover investment proof audits, filing of Annual eTDS returns, and digitally signed TRACES Form 16 generation.
- A strong emphasis on compliance management for professional tax, PF, and ESIC.
- The company is not part of the transaction, only the business is up for sale.
- Our existing clients hail from diverse sectors, including manufacturing and services, both in the public listed domain and private limited companies. These clients represent various industries such as shipping & logistics, information and technology, real estate, media, and more.
No significant physical assets. Other assets include, employee, server, payroll software and existing payroll license).
The shareholding split is 50-50.
No loans/debts.
The company is not part of the transaction, only the business is up for sale.
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Earlier than 15 daysDirector, Recruitment Firm, Chennai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManaging Director, IT Services, Singapore, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysFounder, Management And Financial Services, Mumbai, Individual Investor / Buyer connected with the Business