About Azatecon
Azatecon is a Business Services company based in Chennai (India) founded in 2023. It operates as a human capital company offering payroll, compliances, analytics, and HR solutions worldwide. It operates on a B2B model in Business Services and Technology sectors. Its Indian entity Grocret Solutions Private Limited reported revenue of ₹13.1 Lakh. Azatecon offers products and services including Global Payroll Administration, Regulatory Compliances, People Analytics, People Workflow Levers, and Alumni Portal. Its focus areas include Professional Services, HR Tech, Payroll Services and Global Administration. Similar companies include Randstad, ADP, Alera Group, UKG and Insperity and 5 more; 5 of its 10 listed similar companies have raised funding.
Company details
Azatecon is a human capital firm specializing in HR technologies and consulting for dynamic businesses. They deliver tailored solutions for global payroll administration, regulatory compliances, people analytics, and workflow levers through a network of professionals. Based in Chennai, India, they handle multi-country projects, data transformation, and strategic insights to meet evolving business needs, serving organizations worldwide.
- Headquarters Chennai, India
- SectorsBusiness ServicesTechnology
- Email••••••••
- Website azatecon.com
- Social LinkedIn
- Legal Name Grocret Solutions Private Limited
- Date of Incorporation 20 Jun, 2023
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹13.1 Lakh
FY 2025 · +109% YoY
- Net Loss-₹6 Lakh
FY 2025 · -46% margin
- EBITDA-₹5.2 Lakh
FY 2025 · -40% margin
Associated legal entities of Azatecon
Azatecon operates through Grocret Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Grocret Solutions Private Limited CIN U62099TN2023PTC161307 | Active | 20 Jun 2023 | Chennai, Tamil Nadu | ₹0.1 Cr | – | 2 | View details |
Products & Services of Azatecon
Azatecon offers a comprehensive portfolio of products and services, including Global Payroll Administration, Regulatory Compliances, People Analytics, People Workflow Levers, and Alumni Portal.
Manages multi-country payroll and data processing for businesses.
Ensures adherence to country-specific taxation and norms.
Provides insights from data for organizational decision-making.
Handles HR processes like onboarding and absence management.
Manages post-employment services such as paystubs and settlements.
Board of directors of Grocret Solutions Private Limited (Azatecon)
Grocret Solutions Private Limited is the primary company behind Azatecon. The board of Grocret Solutions Private Limited currently have 2 directors; the longest-serving is Lavanya Narain, appointed in 2024. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Lavanya Narain DIN 06895972 | Director | 20 Mar 2024 | 2 yrs 7 mo | Grocret Solutions Private Limited |
| Gladston Paul DIN 06895894 | Director | 20 Mar 2024 | 2 yrs 7 mo | Grocret Solutions Private Limited |
Financials of Azatecon
Figures of Grocret Solutions Private Limited, the primary company behind Azatecon, for FY 2025. Revenue was ₹13.1 Lakh (+109% year on year). Net loss was -₹6 Lakh (-46% margin). EBITDA was -₹5.2 Lakh (-40% margin).
- ₹13.1 LakhRevenue · FY 2025 · +109% YoY
- -₹6 LakhNet loss · -46% margin
- -₹5.2 LakhEBITDA · -40% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Grocret Solutions Private Limited are on its company page.
Detailed financial statements for Azatecon
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Financial ratios
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Similar companies to Azatecon
Azatecon has 10 listed similar companies in our database, 5 of them funded. They include Randstad, ADP, Alera Group, UKG and Insperity, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| randstad.com | 1960 | Diemen, Netherlands | – | – | HR consulting, recruitment, and outsourcing services are offered worldwide. | |
| adp.com | 1949 | Roseland, United States | – | 44 | Cloud-based HR management solutions are offered for payroll and compliance. | |
| aleragroup.com | 1995 | Deerfield, United States | $250M | – | HR, insurance, and liability services are provided by Alera Group. | |
| ukg.com | 1977 | Weston, United States | – | – | Provider of HR and payroll & workforce management solutions | |
| insperity.com | 1986 | Kingwood, United States | – | 4,400 | HR outsourcing services are provided to businesses by Insperity. | |
| cielhr.com | 2015 | Bengaluru, India | $7.59M | 1,034 | HR management, recruitment, and staffing services are provided. | |
| wanted.co.kr | 2015 | Seoul, South Korea | $9M | – | HR management services are provided by Wanted in South Korea. | |
| hr-path.com | 2001 | Nanterre, France | $1.06B | – | HR and payroll outsourcing plus consulting services are provided. | |
| gigroup.com | 1998 | Milan, Italy | – | – | End-to-end HR services are provided globally by Gi Group. | |
| bullhorn.com | 1999 | Boston, United States | $26M | 876 | Cloud-based ATS and CRM systems are offered for staffing agencies. |
Detailed similar companies of Azatecon
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- Full competitor set
- Operating metrics
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Top companies in Flexible Pay & HR Tech Solutions
10 companies that operate in the same segment as Azatecon (Flexible Pay & HR Tech Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provides HRM and payroll solutions for business management. | 2017 | Hyderabad, Telangana, India | – | USD 3.1 M | 203 | |
Offers custom software, mobile apps, and SEO services to global businesses. | 2003 | Delhi, Delhi, India | – | USD 264.24 K | 48 | |
Provides payroll, HR, and accounting outsourcing for efficient business management. | 2000 | Pune, Maharashtra, India | – | – | – | |
Offers IT solutions, HR outsourcing, finance automation, and global business services. | 2004 | Mumbai, Maharashtra, India | – | USD 16.46 M | 2,858 | |
Provides payroll, HR, compliance, and manpower outsourcing services to businesses. | 1992 | Noida, Uttar Pradesh, India | – | USD 5.18 M | 116 | |
Provides comprehensive accounting, payroll compliance, and HR services to businesses. | 2001 | Kolkata, West Bengal, India | – | USD 1.48 M | 145 | |
Offers HR consulting, global payroll, and managed services for businesses globally. | 2010 | Mumbai, Maharashtra, India | – | USD 537.59 K | 188 | |
Offers payroll processing, HR compliance, and outsourcing solutions for companies. | 1989 | Delhi, Delhi, India | – | USD 5.11 M | 354 | |
Payroll management solutions are provided for businesses and accountants. | 2022 | Nimes, Occitanie, France | USD 5.99 M | – | – | |
Offers HRMS and payroll management solutions for businesses. | 1996 | Hyderabad, Telangana, India | – | – | – |
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Frequently Asked Questions about Azatecon
Azatecon was founded in 2023.
Azatecon is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
The primary company behind Azatecon, Grocret Solutions Private Limited, reported revenue of ₹13.1 Lakh for FY 2025, up 109% year on year.
Azatecon is a human capital firm specializing in HR technologies and consulting for dynamic businesses. They deliver tailored solutions for global payroll administration, regulatory compliances, people analytics, and workflow levers through a network of professionals. Based in Chennai, India, they handle multi-country projects, data transformation, and strategic insights to meet evolving business needs, serving organizations worldwide.
Azatecon's top competitors include Randstad, CIEL HR and Alera Group.
Azatecon offers Global Payroll Administration, Regulatory Compliances, People Analytics, People Workflow Levers, and Alumni Portal.
Azatecon operates through Grocret Solutions Private Limited.
The legal entities of Azatecon currently have 2 directors, including Lavanya Narain, Gladston Paul.