Payroll Services Company for Sale in Mumbai, India

- Specialized in comprehensive payroll processing services for diverse businesses.

- 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.

- Payroll processing services company.

- 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.

Assets:

No significant physical assets. Other assets include, employee, server, payroll software and existing payroll license).

Currently all employees are working from home.

Private limited company with 2 directors.

The shareholding split is 50-50.

No loans/debts.

The company is not part of the transaction, only the business is up for sale.