About Releco HR1
Releco HR1 is a Technology company based in India founded in 2013 by Prakash Makde. Cloud-based HR software is provided for enterprise management. Releco HR1 was last valued at $46.23 thousand in April 2018. Its Indian entity Relecotech Software Solutions Private Limited reported revenue of ₹79.2 Lakh. Its focus areas include Enterprise Applications, HRTech, HRMS and Suite.
Company details
Releco HR1 was established in 2013 in India as a provider of cloud-based HR software tailored for enterprises. Operations focus on delivering tools for human resource management through a digital platform accessible via relecohr1.com. The company is led by Prakash Makde in the role of Founder and CTO. Services encompass core HR functions, supporting organizational needs in the software sector across various scales.
- Headquarters India
- Founders Prakash Makde
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website relecohr1.com
- Social LinkedIn X Facebook
- Legal Name Relecotech Software Solutions Private Limited
- Date of Incorporation 28 May, 2013
- Jurisdiction Nagpur, Maharashtra, India
- Annual Revenue₹79.2 Lakh
FY 2024 · +37% YoY
- Net Profit₹4.9 Lakh
FY 2024 · 6% margin
- EBITDA₹5.7 Lakh
FY 2024 · 7% margin
Associated legal entities of Releco HR1
Releco HR1 operates through Relecotech Software 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 |
|---|---|---|---|---|---|---|---|
| Relecotech Software Solutions Private Limited CIN U72300MH2013PTC243708 | Active | 28 May 2013 | Nagpur, Maharashtra | ₹0.8 Cr | 2 | View details |
Funding Insights of Releco HR1
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Releco HR1 with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2018 | Angel Round | $46,230 | Poonam Mishra | – |
Last known valuation $46,230 (Apr 2018). 1 investors in total: 0 institutional and 1 angel.
Investors in Releco HR1
Releco HR1 has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Poonam Mishra.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PM Poonam Mishra | unknown_dff6dc7fd7e34fba8 |
Investor details for Releco HR1
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 Relecotech Software Solutions Private Limited (Releco HR1)
Relecotech Software Solutions Private Limited is the primary company behind Releco HR1. The board of Relecotech Software Solutions Private Limited currently have 2 directors; the longest-serving is Triveni Dinkar Makde, appointed in 2013.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Triveni Dinkar Makde DIN 06565204 | Director | 28 May 2013 | 13 yrs 5 mo | Relecotech Software Solutions Private Limited |
| Prakash Dinkar Makde DIN 06565191 | Director | 28 May 2013 | 13 yrs 5 mo | Relecotech Software Solutions Private Limited |
People of Releco HR1
1 people are tracked at Releco HR1 (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CTO | Leadership |
Complete people profiles for Releco HR1
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 Releco HR1
Figures of Relecotech Software Solutions Private Limited, the primary company behind Releco HR1, for FY 2024. Revenue was ₹79.2 Lakh (+37% year on year). Net profit was ₹4.9 Lakh (6% margin). EBITDA was ₹5.7 Lakh (7% margin). Revenue has grown at a compounded annual rate of +50% over three years and +24% over five years.
- ₹79.2 LakhRevenue · FY 2024 · +37% YoY
- ₹4.9 LakhNet profit · 6% margin
- ₹5.7 LakhEBITDA · 7% margin
- ₹3.4 LakhPaid-up capital
- +50%Revenue CAGR, 3 years
- +24%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Relecotech Software Solutions Private Limited are on its company page.
Detailed financial statements for Releco HR1
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 Releco HR1
2 dated milestones of Releco HR1 across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Releco HR1 is founded.
- Funding First funding round.
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Frequently Asked Questions about Releco HR1
Releco HR1 was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Releco HR1 is headquartered in India.
The primary company behind Releco HR1, Relecotech Software Solutions Private Limited, reported revenue of ₹79.2 Lakh for FY 2024, up 37% year on year.
Releco HR1 was established in 2013 in India as a provider of cloud-based HR software tailored for enterprises. Operations focus on delivering tools for human resource management through a digital platform accessible via relecohr1.com. The company is led by Prakash Makde in the role of Founder and CTO. Services encompass core HR functions, supporting organizational needs in the software sector across various scales.
Releco HR1 has 1 investor. Key investors include Poonam Mishra.
The valuation of Releco HR1 is $46.23K as of Apr 2018.
Releco HR1 operates through Relecotech Software Solutions Private Limited.
The legal entities of Releco HR1 currently have 2 directors, including Triveni Dinkar Makde, Prakash Dinkar Makde.