About AscentHR
AscentHR is a company based in Bengaluru (India) founded in 2002 by Geeta Lachireddy and Subramanyam S. AscentHR has raised $328.08 thousand across 2 funding rounds from investors including Elite Professional and Mukunda E Services. The company has 658 employees as of April 04, 2024. AscentHR has completed 3 acquisitions, including Curio Technologies, Jofin and nFactorial. AscentHR offers products and services including StoHRM, PowerPay, Stafzy, TripEx, and Jofin. AscentHR operates in a competitive market with competitors including Workday, Kronos, Darwinbox, People Strong and Paylocity, among others.
- Headquarter Bengaluru, India
- Employees 658 as on 04 Apr, 2024
- Founders Geeta Lachireddy, Subramanyam S
- Stage Minicorn
-
Sectors
Technology
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Ascent Hr Technologies Private Limited
- Date of Incorporation 13 Aug, 2002
- Jurisdiction Bangalore, Karnataka, India
-
Annual Revenue
$21.57 M (USD)7.73as on Mar 31, 2023
-
Net Profit
$1.14 M (USD)96.87as on Mar 31, 2023
-
EBITDA
$1.59 M (USD)47.59as on Mar 31, 2023
-
Total Equity Funding
$328.08 K (USD)
in 2 rounds
-
Latest Funding Round
$174.75 K (USD), Seed
Oct 01, 2010
-
Investors
Elite Professional
& 1 more
-
Employee Count
658
as on Apr 04, 2024
-
Investments & Acquisitions
Curio Technologies
& 2 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of AscentHR
AscentHR offers a comprehensive portfolio of products and services, including StoHRM, PowerPay, Stafzy, TripEx, and Jofin.
Next-gen system for HR processes and employee productivity.
Global engine for seamless payroll integration and service.
Platform for contingent workforce and vendor management.
Automates business travel expenses for tax benefits.
Tool for banking, investment, and insurance solutions.
Facilitates employee feedback and data analysis.
Simplifies legal operations and compliance needs.
Manages vendor compliance and audit processes.
Streamlines employee perks and expenses management.
People of AscentHR
Unlock access to complete
Funding Insights of AscentHR
AscentHR has successfully raised a total of $328.08K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $174.75 thousand completed in October 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in AscentHR
AscentHR has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Elite Professional and Mukunda E Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Cleaning and hygiene products are supplied by Elite Professional.
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked |
Investor details for AscentHR
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by AscentHR
AscentHR has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Curio Technologies, Jofin and nFactorial.
Investment portfolio details for AscentHR
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
App-based wealth management services platform
|
Locked | Locked | 2022 | Locked | |
|
SaaS-based expense management is offered for business travelers.
|
Locked | Locked | 2014 | Locked | |
|
Employee engagement analytics are delivered via real-time survey platform.
|
Locked | Locked | 2014 | Locked |
Complete acquisition details for AscentHR
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - AscentHR
Detailed financials for AscentHR
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Ascenthr Comparisons
Peer comparison for AscentHR
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of AscentHR
AscentHR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Workday, Kronos, Darwinbox, People Strong and Paylocity, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Cloud-based HR and financial software is delivered to enterprises.
|
|
| Locked | Locked | Locked |
HCM software solutions for enterprise workforce management are provided.
|
|
| Locked | Locked | Locked |
Human capital management platform is provided for HR process automation.
|
|
| Locked | Locked | Locked |
Cloud-based human resource management software is offered.
|
|
| Locked | Locked | Locked |
Cloud-based payroll and HR solutions are provided for businesses.
|
|
| Locked | Locked | Locked |
Cloud-based human capital management software is provided for enterprises.
|
Detailed competitors of AscentHR
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Ascenthr
Complete news archive for AscentHR
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about AscentHR
AscentHR was founded in 2002 and raised its 1st funding round 7 years after it was founded.
AscentHR is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Subramanyam S is the current CEO of AscentHR. They have also founded this company.
AscentHR is a funded company, having raised a total of $328.08K across 2 funding rounds to date.
As of Apr 04, 2024, the latest employee count at AscentHR is 658.
Annual revenue of AscentHR is $21.57M as on Mar 31, 2023.
Provider of comprehensive HR technologies and outsourced payroll, compliance and consulting services. The company delivers cloud-based HRMS, payroll processing (managed and SaaS), staffing solutions, expense management, compliance audits, legal framework development, and employee benefits administration. It integrates modular products for HR automation, contingent workforce management, travel and expense administration, vendor compliance, surveys, financial wellness, and tax filing. The firm supports enterprises with implementation services, regulatory adherence, and digital transformation assisted by AI, ML, and RPA. It holds industry certifications and is recognized by market analysts for its payroll capabilities.
AscentHR's top competitors include Workday, SuccessFactors and GreytHR.
AscentHR offers StoHRM, PowerPay, Stafzy, TripEx, and 5 more products and services.
AscentHR has made 3 acquisitions, including Curio Technologies, Jofin, and nFactorial.
AscentHR has 2 investors. Key investors include Elite Professional, and Mukunda E Services.
The valuation of AscentHR is $1.9M as of Oct 2010.