About QURO Payroll
QURO Payroll is a Technology company based in Mumbai (India) founded in 2009. It offers a comprehensive payroll management system for businesses. It operates on a B2B model. Its Indian entity Quro Tech Private Limited reported revenue of ₹93.1 Lakh. Its focus areas include Software, HR Management and Payroll Systems. Similar companies include Gusto, Payflow, Paylocity, Justworks and Earnin and 5 more; 9 of its 10 listed similar companies have raised funding.
Company details
QURO Payroll, founded in 2009 in Mumbai, India, focuses on leveraging cutting-edge technology, software, handling HR operations, and payroll systems. Offers a comprehensive payroll management system for businesses. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Mumbai, India
- SectorsTechnology
- Website quropay.com
- Legal Name Quro Tech Private Limited
- Date of Incorporation 09 Jan, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹93.1 Lakh
FY 2025 · +5% YoY
- Net Profit₹4.7 Lakh
FY 2025 · 5% margin
- EBITDA₹5.4 Lakh
FY 2025 · 6% margin
Associated legal entities of QURO Payroll
QURO Payroll operates through Quro Tech 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 |
|---|---|---|---|---|---|---|---|
| Quro Tech Private Limited CIN U74999MH2010PTC198722 | Active | 09 Jan 2010 | Mumbai, Maharashtra | ₹0.9 Cr | – | 2 | View details |
Board of directors of Quro Tech Private Limited (QURO Payroll)
Quro Tech Private Limited is the primary company behind QURO Payroll. The board of Quro Tech Private Limited currently have 2 directors; the longest-serving is Sunil Krishnaraj Merchant, appointed in 2010.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sunil Krishnaraj Merchant DIN 01655839 | Director | 09 Jan 2010 | 16 yrs 9 mo | Quro Tech Private Limited |
| Jitsu Sunil Merchant DIN 02622813 | Director | 09 Jan 2010 | 16 yrs 9 mo | Quro Tech Private Limited |
Financials of QURO Payroll
Figures of Quro Tech Private Limited, the primary company behind QURO Payroll, for FY 2025. Revenue was ₹93.1 Lakh (+5% year on year). Net profit was ₹4.7 Lakh (5% margin). EBITDA was ₹5.4 Lakh (6% margin). Revenue has grown at a compounded annual rate of -17% over three years and -7% over five years.
- ₹93.1 LakhRevenue · FY 2025 · +5% YoY
- ₹4.7 LakhNet profit · 5% margin
- ₹5.4 LakhEBITDA · 6% margin
- ₹1 LakhPaid-up capital
- -17%Revenue CAGR, 3 years
- -7%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Quro Tech Private Limited are on its company page.
Detailed financial statements for QURO Payroll
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Similar companies to QURO Payroll
QURO Payroll has 10 listed similar companies in our database, 9 of them funded. They include 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 | $440M | – | 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 similar companies of QURO Payroll
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- Full competitor set
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Top companies in HR & Workforce Technology
10 companies that operate in the same segment as QURO Payroll (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 | – | 1,695 | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
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 | |
Reward-based crowdfunding is facilitated for content creators and musicians. | 2013 | San Francisco, California, United States | USD 412.1 M | – | 1,218 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 21,000 | |
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 473.73 M | – | 3,902 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 |
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Frequently Asked Questions about QURO Payroll
QURO Payroll was founded in 2009.
QURO Payroll is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind QURO Payroll, Quro Tech Private Limited, reported revenue of ₹93.1 Lakh for FY 2025, up 5% year on year.
QURO Payroll, founded in 2009 in Mumbai, India, focuses on leveraging cutting-edge technology, software, handling HR operations, and payroll systems. Offers a comprehensive payroll management system for businesses. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
QURO Payroll operates through Quro Tech Private Limited.
The legal entities of QURO Payroll currently have 2 directors, including Sunil Krishnaraj Merchant, Jitsu Sunil Merchant.