About Opfin
Opfin is a Technology company based in Gurugram (India) founded in 2017 by Anuj Jain, and was acquired by Razorpay in November 2019. Payroll management solutions are provided for small and medium-sized businesses. The company was acqui-hired. Opfin offers products and services including RazorpayX Payroll. Its focus areas include Enterprise Applications, HRTech, Payroll Management and FinTech. Its legal entity in India is Opfin Software Private Limited (U74999HR2017PTC069774).
Company details
Opfin was founded in 2017 in Gurugram, India, focusing on payroll management for small and medium-sized businesses. Salaries and payments are transferred through the platform, while payroll summaries are generated and reminders for fund additions are issued as needed. Salary slips for employees are updated and uploaded, with additional features supporting operational efficiency. The service operates on a monthly subscription model scaled by employee count.
- Headquarters Gurugram, India
- Founders Anuj Jain
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website opfin.com
- Social LinkedIn
- Acquired by Razorpay (Nov 2019)
- Legal Name Opfin Software Private Limited
- Date of Incorporation 05 Jul, 2017
- Jurisdiction Gurgaon, Haryana, India
Associated legal entities of Opfin
Opfin operates through Opfin Software Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Opfin Software Private Limited CIN U74999HR2017PTC069774 | Strike Off | 05 Jul 2017 | Gurgaon, Haryana | ₹0.0 Cr | 2 | View details |
Products & Services of Opfin
Opfin offers a comprehensive portfolio of products and services, including RazorpayX Payroll.
Platform for managing business payroll and payments securely
Investors in Opfin
Opfin has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Razorpay.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Payment and business banking solutions are provided for enterprises. | 2014 | razorpay.com | Bengaluru, India |
Investor details for Opfin
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Opfin Software Private Limited (Opfin)
Opfin Software Private Limited is the primary company behind Opfin. The board of Opfin Software Private Limited currently have 2 directors; the longest-serving is Anuj Jain, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anuj Jain DIN 00600743 | Director | 05 Jul 2017 | 9 yrs 3 mo | Opfin Software Private Limited |
| Madhur Gulati DIN 07847577 | Director | 05 Jul 2017 | 9 yrs 3 mo | Opfin Software Private Limited |
People of Opfin
1 people are tracked at Opfin (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Opfin
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Opfin
Figures of Opfin Software Private Limited, the primary company behind Opfin, for FY 2022. Net loss was -₹6,594 (-5601% margin). EBITDA was -₹6,594 (-5601% margin). Revenue has grown at a compounded annual rate of -95% over three years.
- -₹6,594Net loss · -5601% margin
- -₹6,594EBITDA · -5601% margin
- ₹1 LakhPaid-up capital
- -95%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Opfin Software Private Limited are on its company page.
Detailed financial statements for Opfin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Opfin
2 dated milestones of Opfin across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Opfin is founded.
- Exit Acquired by Razorpay.
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
Related news about Opfin
Complete news archive for Opfin
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 Opfin
Opfin was founded in 2017.
Opfin is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Annual revenue of Opfin is $1.42 as on Mar 31, 2022.
Opfin was founded in 2017 in Gurugram, India, focusing on payroll management for small and medium-sized businesses. Salaries and payments are transferred through the platform, while payroll summaries are generated and reminders for fund additions are issued as needed. Salary slips for employees are updated and uploaded, with additional features supporting operational efficiency. The service operates on a monthly subscription model scaled by employee count.
Opfin offers RazorpayX Payroll.
Opfin has 1 investor. Key investors include Razorpay.
Opfin operates through Opfin Software Private Limited.
Yes. Opfin was acquired by Razorpay in November 2019.
The legal entities of Opfin currently have 2 directors, including Anuj Jain, Madhur Gulati.