About SecurTime
SecurTime is a company based in Bengaluru (India) founded in 2012 by Praveen Gongireddy and Prasanna Kumar Kotha was acquired by ADP in January 2023. SecurTime has raised $2.15 million across 7 funding rounds from investors including ADP, Axilor Ventures and Parampara Capital. The company has 67 employees. SecurTime operates in a competitive market with competitors including Legion, WorkJam, Harri, Work Market and Eden Workplace, among others.
- Headquarter Bengaluru, India
- Employees 67
- Founders Praveen Gongireddy, Prasanna Kumar Kotha
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website securtime.com
- Social LinkedIn X Facebook
- Acquired by ADP (Jan 2023)
- Legal Name Securax Tech Solutions (India) Private Limited
- Date of Incorporation 19 Mar, 2012
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of SecurTime
SecurTime operates through Securax Tech Solutions (India) 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 |
|---|---|---|---|---|---|---|---|
| Securax Tech Solutions (India) Private Limited CIN U72900KA2012PTC063100 | Active | 19 Mar 2012 | Bangalore, Karnataka | ₹13.0 Cr | 67 | 3 | View details |
Funding Insights of SecurTime
SecurTime has successfully raised a total of $2.15M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $801.5 thousand completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.15M
- Total Rounds 7
- Last Round Seed — $801,504
- First Round $159,237
(Oct 2014)
- Investors Count 20
All 7 funding rounds of SecurTime 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 |
|---|---|---|---|---|---|
| Mar 2023 | $801,504 | Seed | $16.06M | ADP | – |
| Oct 2021 | $50,042 | Seed | $12.53M | Axilor Ventures | – |
| Jun 2020 | $122,805 | Seed | $••••• | Axilor Ventures | |
| Mar 2020 | $165,698 | Seed | $••••• | New Fort | – |
| Dec 2016 | $823,782 | Seed | $••••• | Parampara Capital | |
| Mar 2016 | $29,692 | Angel Round | $••••• | M L Srinivasa | – |
| Oct 2014 | $159,237 | Angel Round | $••••• | Naga Raju Kotha |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2023 | $16.06M | •••••••• |
| Oct 2021 | $12.53M | •••••••• |
| Jun 2020 | $••••• | •••••••• |
| Mar 2020 | $••••• | •••••••• |
| Dec 2016 | $••••• | •••••••• |
| Mar 2016 | $••••• | •••••••• |
| Oct 2014 | $••••• | •••••••• |
Full valuation and stage history of SecurTime
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $16.06M (Mar 2023). 20 investors in total: 7 institutional and 13 angel.
Investors in SecurTime
SecurTime has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include ADP, Axilor Ventures and Parampara Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in early-stage startups in technology sectors. | 2014 | axilor.com | Bengaluru, India | |
Venture capital firm focused on healthcare, consumer, and multiple sectors | 2014 | paramparas.com | Mumbai, India | |
Angel investor network for businesses | – | 72degrees.co.in | Bengaluru, India | |
Investments are directed by New Fort toward early-stage tech startups. | – | newfort.tcc.mode | - | |
Private investment arm of Kris Gopalakrishnan Family Office. | 2014 | pratithi.com | Bengaluru, India | |
Cloud-based HR management solutions are offered for payroll and compliance. | 1949 | adp.com | Roseland, United States | |
Investment banking services are provided by SeedX to early-stage ventures. | – | seedx.in | Bengaluru, India | |
NR Naga Raju Kotha | - | – | unknown_3ce2c49379db4c24b | - |
KG Kris Gopalakrishnan | Co-founder of Infosys, prominent angel investor, and tech philanthropist | – | unknown_25ee0229aa1d41848 | - |
RK Ravindra Karanam | - | – | unknown_9ec66340fc4e44639 | - |
Investor details for SecurTime
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 Securax Tech Solutions (India) Private Limited (SecurTime)
Securax Tech Solutions (India) Private Limited is the primary company behind SecurTime. The board of Securax Tech Solutions (India) Private Limited currently have 3 directors; the longest-serving is Rahul Goyal, appointed in 2023. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahul Goyal DIN 01724529 | Director | 12 Jan 2023 | 3 yrs 8 mo | Securax Tech Solutions (India) Private Limited |
| Srinivas Konidena DIN 09604378 | Director | 12 Jan 2023 | 3 yrs 8 mo | Securax Tech Solutions (India) Private Limited |
| Leanne Su Yin Chin DIN 10159623 | Director | 30 Jun 2023 | 3 yrs 3 mo | Securax Tech Solutions (India) Private Limited |
People of SecurTime
2 people are tracked at SecurTime (2 in leadership); the tracked headcount is 67.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for SecurTime
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 SecurTime
Figures of Securax Tech Solutions (India) Private Limited, the primary company behind SecurTime, for FY 2025. Revenue was ₹13.03 Cr (+16% year on year). Net loss was -₹24.79 Cr (-190% margin). EBITDA was -₹23.03 Cr (-177% margin). Revenue has grown at a compounded annual rate of +17% over three years and +5% over five years.
- ₹13.03 CrRevenue · FY 2025 · +16% YoY
- -₹24.79 CrNet loss · -190% margin
- -₹23.03 CrEBITDA · -177% margin
- ₹1.69 CrPaid-up capital
- 67Employees (provident fund records)
- +17%Revenue CAGR, 3 years
- +5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Securax Tech Solutions (India) Private Limited are on its company page.
Detailed financial statements for SecurTime
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 SecurTime
5 dated milestones of SecurTime across 11 years, from founding to its latest funding, stage changes and deals.
- Founded SecurTime is founded.
- Funding First funding round of $159K.
- Milestone Reaches Minicorn status.
- Exit Acquired by ADP.
- Funding Latest funding round, Seed, of $802K.
Competitors of SecurTime
SecurTime 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 Legion, WorkJam, Harri, Work Market and Eden Workplace, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| legion.co | 2016 | San Francisco, United States | $182.5M | 107 | Workforce management solutions are provided through intelligent automation technology. | |
| workjam.com | 2014 | Montreal, Canada | $167M | 248 | Hourly workforce schedules and communications are managed via software. | |
| harri.com | 2012 | New York, United States | $73M | 68 | Recruitment and workforce management are offered for hospitality. | |
| workmarket.com | 2010 | New York, United States | $66M | – | Freelance management, payments, and reporting are facilitated by AI software. | |
| edenworkplace.com | 2015 | San Francisco, United States | $41.61M | 31 | SaaS-based workplace management software for offices is delivered. | |
| zinghr.com | 2002 | Mumbai, India | $14.11M | 577 | Cloud-based HCM software is provided for enterprise HR processes. | |
| quinyx.com | 2005 | Stockholm, Sweden | $103.3M | – | Cloud-based workforce management software | |
| swipeclock.com | 1999 | South Jordan, United States | $1.75M | 75 | Workforce management tools for time tracking and scheduling are provided. | |
| workforcesoftware.com | 1999 | Livonia, United States | $188.35M | 7,349 | Provider of suite solutions for contingent workforce management | |
| yoobic.com | 2014 | New York, United States | $97.2M | 10 | Frontline employee experience platform for managing operational tasks |
Detailed competitors of SecurTime
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to SecurTime
10 companies that operate in the same segment as SecurTime (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 SecurTime
SecurTime was founded in 2012 and raised its 1st funding round 2 years after it was founded.
SecurTime is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Prasanna Kumar Kotha is the current CEO of SecurTime. They have also founded this company.
SecurTime is a funded company, having raised a total of $2.15M across 7 funding rounds to date. The company's 1st funding round was a Angel Round of $159.24K, raised on Oct 2014.
SecurTime has 67 employees.
The primary company behind SecurTime, Securax Tech Solutions (India) Private Limited, reported revenue of ₹13.03 Cr for FY 2025, up 16% year on year.
Cloud-based suite solutions for contingent workforce management. It offers features such as live attendance tracking, alerts, and notifications management, shift scheduling, dashboard analytics, reports generation, payroll management, and more. It allows users to apply for leave and manages holidays. It is a tool available on the subscription based pricing model.
SecurTime has 20 investors. Key investors include ADP, Axilor Ventures, Parampara Capital, Pratithi Investments, and Naga Raju Kotha.
The valuation of SecurTime is $16.06M as of Mar 2023.
SecurTime operates through Securax Tech Solutions (India) Private Limited.
Yes. SecurTime was acquired by ADP in January 2023.