Employment Services Businesses for Sale in Mumbai

- 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.

- HR consultancy and selection agency. The selling price is negotiable after further discussion. - More than TOP Notch from India, the USA, the UK, and the GCC. - Clients belong to the real estate, manufacturing, and automobile, fire, and safety, IT industries. They avail our services for middle and higher level recruitment. - We charge the clients 8.33% of the annual CTC per candidate. We charge no fees from the candidates. - Charging no fees from candidates is integral to our business. We do not fleece candidates from humble backgrounds looking for job opportunities. - Attract clients through the founder's personal network and the company website. - Third-party tie-up with a travel agency that helps with visa processing for the GCC. The UK and USA visa processing is done by the clients. - The business started operations 18 years ago and was established as a partnership 13 years ago. - Three partners - two partners have a 5% stake each and one has a 90% stake. - The buyer gets an official letter for the handover of the clients, legal entity, brand name, and candidate database; the founder will do a formal client introduction as well. - The founder started this business 18 years ago with only INR 40,000. - No debts or liabilities in the name of the business. - The total expense is INR 5 lacs per year to run this business. Profit is much more. This can be discussed verbally.