About HRInnova
HRInnova is a company based in Ahmedabad (India) founded in 2016. It operates as a B2B. The company has 999 employees. HRInnova operates in a competitive market with competitors including Gusto, ADP, Paycor, Paychex and TriNet, among others.
- Headquarter Ahmedabad, India
- Employees 999
- SectorsTechnology
- Website hrinnova.com
- Social X Facebook
- Legal Name Cygnet Infotech Private Limited
- Date of Incorporation 22 Aug, 2000
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹235 Cr
FY 2025 · +3% YoY
- Net Profit₹23.41 Cr
FY 2025 · 10% margin
- EBITDA₹41.19 Cr
FY 2025 · 18% margin
- Employee Count999
Associated legal entities of HRInnova
HRInnova operates through Cygnet Infotech 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 |
|---|---|---|---|---|---|---|---|
| Cygnet Infotech Private Limited CIN U72200GJ2000PTC038563 | Active | 22 Aug 2000 | Ahmedabad, Gujarat | ₹235 Cr | 999 | 8 | View details |
Board of directors of Cygnet Infotech Private Limited (HRInnova)
Cygnet Infotech Private Limited is the primary company behind HRInnova. The board of Cygnet Infotech Private Limited currently have 7 directors; the longest-serving is Niraj Karnik Hutheesing, appointed in 2000. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Niraj Karnik Hutheesing DIN 00078587 | Managing Director | 22 Aug 2000 | 26 yrs 1 mo | Cygnet Infotech Private Limited |
| Vishal Shrenik Shah DIN 00078594 | Director | 27 Dec 2000 | 25 yrs 9 mo | Cygnet Infotech Private Limited |
| Chatura Niraj Hutheesing DIN 02426588 | Whole-time director | 29 Aug 2009 | 17 yrs 1 mo | Cygnet Infotech Private Limited |
| Apurva Shivji Ashar DIN 06417290 | Whole-time director | 01 Nov 2012 | 13 yrs 11 mo | Cygnet Infotech Private Limited |
| Tejinderpalsingh Pritamsingh Oberoi DIN 00193649 | Whole-time director | 10 Dec 2013 | 12 yrs 10 mo | Cygnet Infotech Private Limited |
| Keval Niraj Hutheesing DIN 08701484 | Director | 30 Aug 2022 | 4 yrs 1 mo | Cygnet Infotech Private Limited |
| Pankaj Dikshit DIN 11378018 | Additional Director | 19 Dec 2025 | 9 mo | Cygnet Infotech Private Limited |
Financials of HRInnova
Figures of Cygnet Infotech Private Limited, the primary company behind HRInnova, for FY 2025. Revenue was ₹235 Cr (+3% year on year). Net profit was ₹23.41 Cr (10% margin). EBITDA was ₹41.19 Cr (18% margin). Revenue has grown at a compounded annual rate of +9% over three years and +15% over five years.
- ₹235 CrRevenue · FY 2025 · +3% YoY
- ₹23.41 CrNet profit · 10% margin
- ₹41.19 CrEBITDA · 18% margin
- ₹5.20 CrPaid-up capital
- 999Employees (provident fund records)
- +9%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Cygnet Infotech Private Limited are on its company page.
Detailed financial statements for HRInnova
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- Statement rows
- Financial ratios
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Competitors of HRInnova
HRInnova 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 Gusto, ADP, Paycor, Paychex and TriNet, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gusto.com | 2012 | San Francisco, United States | $718.35M | 5,876 | Cloud-based HR and payroll solutions are offered for small businesses. | |
| adp.com | 1949 | Roseland, United States | – | 44 | Cloud-based HR management solutions are offered for payroll and compliance. | |
| paycor.com | 1990 | Cincinnati, United States | $449.89M | 584 | Cloud-based HRMS platform is provided for small and medium-sized businesses. | |
| paychex.com | 1971 | New York, United States | – | 1,335 | Cloud-based HRMS solutions are delivered for payroll and employee management. | |
| trinet.com | 1988 | Dublin, United States | $60M | 347,500 | Cloud-based HRMS platform is offered for small and medium businesses. | |
| personio.com | 2015 | Munich, Germany | $750.61M | – | Cloud-based HRMS platform is offered for small and medium-sized businesses. | |
| rippling.com | 2016 | San Francisco, United States | $1.85B | – | Cloud-based HR management suite is provided for employee operations. | |
| joinhomebase.com | 2014 | San Francisco, United States | $157M | 165 | Workforce scheduling and time tracking are facilitated by Homebase software. | |
| employmenthero.com | 2014 | Sydney, Australia | $459.56M | – | End-to-end HR, payroll, and benefits platform is provided. |
Detailed competitors of HRInnova
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of HRInnova
The website of HRInnova (hrinnova.com) receives about 10.3K visits a month.
- Monthly visits10.3K
Websites whose visitors overlap most with HRInnova. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details |
Similar companies to HRInnova
10 companies that operate in the same segment as HRInnova (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | – | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Cloud-based HRMS software is offered for small and medium-sized businesses. | 2016 | Barcelona, Catalonia, Spain | USD 369.25 M | – | – |
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Frequently Asked Questions about HRInnova
HRInnova was founded in 2016.
HRInnova is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
HRInnova has 999 employees.
The primary company behind HRInnova, Cygnet Infotech Private Limited, reported revenue of ₹235 Cr for FY 2025, up 3% year on year.
HRInnova, established in 2016, excels in leveraging cutting-edge technology, software, managing HR solutions, and hr management systems. Delivers a web-based HRMS suite tailored for small and medium-sized businesses. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
HRInnova operates through Cygnet Infotech Private Limited.
The legal entities of HRInnova currently have 8 directors, including Chatura Niraj Hutheesing, Vishal Shrenik Shah, Niraj Karnik Hutheesing and others.