About PAYDAY
PAYDAY is a company based in Bhubaneswar (India) founded in 2020. PAYDAY operates in a competitive market with competitors including Gusto, Payflow, Paylocity, Justworks and Earnin, among others.
- Headquarter Bhubaneswar, India
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website paydayonline.in
- Legal Name Sai Touch Solutions Private Limited
- Date of Incorporation 27 Jul, 2012
- Jurisdiction Bhubaneswar, Odisha, India
- Annual Revenue₹1.28 Cr
FY 2024 · +73% YoY
- Net Profit₹2 Lakh
FY 2024 · 2% margin
- EBITDA₹3.6 Lakh
FY 2024 · 3% margin
Associated legal entities of PAYDAY
PAYDAY operates through Sai Touch Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sai Touch Solutions Private Limited CIN U72200OR2012PTC015733 | Active | 27 Jul 2012 | Bhubaneswar, Odisha | ₹1.3 Cr | – | 2 | View details |
Board of directors of Sai Touch Solutions Private Limited (PAYDAY)
Sai Touch Solutions Private Limited is the primary company behind PAYDAY. The board of Sai Touch Solutions Private Limited currently have 2 directors; the longest-serving is Sudhansu Sekhar Bisoyi, appointed in 2012. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sudhansu Sekhar Bisoyi DIN 05317295 | Managing Director | 27 Jul 2012 | 14 yrs 2 mo | Sai Touch Solutions Private Limited |
| Itisree Bisoyi DIN 08013994 | Director | 06 Dec 2017 | 8 yrs 10 mo | Sai Touch Solutions Private Limited |
People of PAYDAY
1 people are tracked at PAYDAY (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for PAYDAY
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Financials of PAYDAY
Figures of Sai Touch Solutions Private Limited, the primary company behind PAYDAY, for FY 2024. Revenue was ₹1.28 Cr (+73% year on year). Net profit was ₹2 Lakh (2% margin). EBITDA was ₹3.6 Lakh (3% margin). Revenue has grown at a compounded annual rate of +23% over three years and +6% over five years.
- ₹1.28 CrRevenue · FY 2024 · +73% YoY
- ₹2 LakhNet profit · 2% margin
- ₹3.6 LakhEBITDA · 3% margin
- ₹2 LakhPaid-up capital
- +23%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sai Touch Solutions Private Limited are on its company page.
Detailed financial statements for PAYDAY
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Competitors of PAYDAY
PAYDAY 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, Payflow, Paylocity, Justworks and Earnin, 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. | |
| payflow.es | 2020 | Alcobendas, Spain | $58.23M | – | Payflow is recognized as a financial wellness application for employees. | |
| paylocity.com | 1997 | Arlington Heights, United States | $37.28M | 4,150 | Cloud-based payroll and HR solutions are provided for businesses. | |
| justworks.com | 2012 | New York, United States | $147.52M | 55,459 | Benefits administration and payroll management are provided for businesses. | |
| earnin.com | 2012 | Palo Alto, United States | $190.1M | 242 | Real-time access to earned wages is provided fee-free. | |
| pagarbook.com | 2018 | Bengaluru, India | $24.84M | 456 | Provider of staff attendance, payroll and biometric attendance tools for small to medium enterprises | |
| papayaglobal.com | 2016 | New York, United States | $438M | – | Cloud-based payroll management solutions are offered for businesses. | |
| payscale.com | 2002 | Seattle, United States | $117.62M | 299 | Payroll compensation management software is provided for businesses. | |
| ultimatesoftware.com | 1990 | Weston, United States | – | 10,754 | Cloud-based payroll and talent management software is offered to businesses. | |
| exactuals.com | 2011 | Los Angeles, United States | $20.6M | – | Cloud-based payroll management is delivered to enterprises in creative sectors. |
Detailed competitors of PAYDAY
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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- Competitive positioning
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Similar companies to PAYDAY
10 companies that operate in the same segment as PAYDAY (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 PAYDAY
PAYDAY was founded in 2020.
PAYDAY is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.
The primary company behind PAYDAY, Sai Touch Solutions Private Limited, reported revenue of ₹1.28 Cr for FY 2024, up 73% year on year.
PAYDAY was founded in 2020 in Bhubaneswar, India, as a cloud-based platform for payroll management in sectors including education, financial services, hospitality, manufacturing, healthcare, construction, and retail. Time and attendance tracking, recruitment processes, workplace management, and CRM functionalities are handled through the system to support enterprise operations.
PAYDAY operates through Sai Touch Solutions Private Limited.
The legal entities of PAYDAY currently have 2 directors, including Itisree Bisoyi, Sudhansu Sekhar Bisoyi.