About Simpliance
Simpliance is a Technology company based in Bengaluru (India) founded in 2015 by Subramanya Raju, Preetha Chrisma, Veena Anumandala, and Madhu Damodaran, and was acquired by Aparajitha Corporate Services in October 2022. It operates as a saaS platform for compliance management. Simpliance has raised $658.73 thousand across 2 funding rounds from investors including Quess and Aparajitha Corporate Services. The company has 42 employees. Simpliance was last valued at $2 million in August 2018. Its website simpliance.in draws about 160 thousand monthly visits. Its Indian entity Simpliance Technologies Private Limited reported revenue of ₹23.93 Cr. Its focus areas include Enterprise Applications, GRC Software, Compliance and Labor Law Compliance. Its competitors include Contractor Compliance, Globalworks, Scrum System, Social Security App and Working Status and 1 more.
Company details
Simpliance was founded in 2015 in Bengaluru, India, as a SaaS platform in the compliance management sector. Central and state laws are consolidated and auto-configured on the platform, with recurring compliances scheduled centrally. Operations include a dashboard for real-time status updates and risk scores, customizable internal checklists, stakeholder collaboration tools, evidence management, audit logs, and retrieval of historical compliances. Detailed requirements, recurrences, penalties, and execution resources are also made available.
- Headquarters Bengaluru, India
- Employees 42
- Founders Subramanya Raju, Preetha Chrisma, Veena Anumandala, Madhu Damodaran
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website simpliance.in
- Social LinkedIn X Facebook
- Acquired by Aparajitha Corporate Services (Oct 2022)
- Legal Name Simpliance Technologies Private Limited
- Date of Incorporation 27 Apr, 2016
- Jurisdiction Madurai, Tamil Nadu, India
- Annual Revenue₹23.93 Cr
FY 2023 · +95% YoY
- Net Profit₹3.08 Cr
FY 2023 · 13% margin
- EBITDA₹4.82 Cr
FY 2023 · 20% margin
- Total Equity Funding$658.73K (USD)
in 2 rounds
- Latest Funding Round$291.39K (USD), Seed
Aug 2018
- InvestorsQuess
& 1 more
- Employee Count42
- Acquired byAparajitha Corporate Services
(Oct 2022)
Associated legal entities of Simpliance
Simpliance is associated with 2 registered companies on The Company Check; the primary company is Simpliance Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Simpliance Technologies Private Limited CIN U72200TN2016PTC160665 | Amalgamated | 27 Apr 2016 | Madurai, Tamil Nadu | ₹23.9 Cr | 21 | 3 | View details |
| Docsuggest Healthcare Services Private Limited CIN U85190MH2010PTC292593 | Active | 11 Feb 2010 | Mumbai, Maharashtra | ₹3.6 Cr | – | 2 | View details |
Funding Insights of Simpliance
Simpliance has successfully raised a total of $658.73K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $291.39 thousand completed in August 2018. 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 $658,725
- Total Rounds 2
- Last Round Seed — $291,392
- First Round $367,333
(Jan 2017)
- Investors Count 1
All 2 funding rounds of Simpliance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Aug 2018 | $2M | •••••••• |
Last known valuation $2M (Aug 2018). 2 investors in total: 2 institutional.
Investors in Simpliance
Simpliance has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Quess and Aparajitha Corporate Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of outsourcing and business services | 2007 | quesscorp.com | Bengaluru, India | |
End-to-end HR services are provided to various organizations. | 2000 | aparajitha.com | Madurai, India |
Investor details for Simpliance
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Board of directors of Simpliance Technologies Private Limited (Simpliance)
Simpliance Technologies Private Limited is the primary company behind Simpliance. The boards of the 2 registered companies of Simpliance currently have 5 directors; the longest-serving is Vaibhav Balaram Thakur, appointed in 2020. 23 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vaibhav Balaram Thakur DIN 08691927 | Director | 22 Apr 2020 | 6 yrs 5 mo | Docsuggest Healthcare Services Private Limited |
| Prajay Jimmy Anjaria DIN 08939733 | Director | 07 Nov 2020 | 5 yrs 11 mo | Docsuggest Healthcare Services Private Limited |
| Ramanandarao Venkata Kuchimanchi DIN 09170522 | Director | 21 Oct 2022 | 3 yrs 11 mo | Simpliance Technologies Private Limited |
| Krishnan Nagaraj DIN 00866612 | Director | 21 Oct 2022 | 3 yrs 11 mo | Simpliance Technologies Private Limited |
| Ramya Subramanian DIN 09774820 | Director | 25 May 2023 | 3 yrs 4 mo | Simpliance Technologies Private Limited |
People of Simpliance
4 people are tracked at Simpliance (4 in leadership); the tracked headcount is 42.
| Name | Role | Group |
|---|---|---|
Subramanya Raju | Co-Founder | Leadership |
Preetha Chrisma | Co-Founder | Leadership |
Veena Anumandala | Co-Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Simpliance
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Financials of Simpliance
Figures of Simpliance Technologies Private Limited, the primary company behind Simpliance, for FY 2023. Revenue was ₹23.93 Cr (+95% year on year). Net profit was ₹3.08 Cr (13% margin). EBITDA was ₹4.82 Cr (20% margin). Revenue has grown at a compounded annual rate of +53% over three years and +91% over five years.
- ₹23.93 CrRevenue · FY 2023 · +95% YoY
- ₹3.08 CrNet profit · 13% margin
- ₹4.82 CrEBITDA · 20% margin
- ₹2.3 LakhPaid-up capital
- 21Employees (provident fund records)
- +53%Revenue CAGR, 3 years
- +91%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Simpliance Technologies Private Limited are on its company page.
Detailed financial statements for Simpliance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Simpliance
5 dated milestones of Simpliance across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Simpliance is founded.
- Funding First funding round of $367K.
- Funding Latest funding round, Seed, of $291K.
- Milestone Reaches Minicorn status.
- Exit Acquired by Aparajitha Corporate Services.
Competitors of Simpliance
Simpliance has 6 listed competitors in our database. They include Contractor Compliance, Globalworks, Scrum System, Social Security App and Working Status, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| contractorcompliance.io | 2014 | Toronto, Canada | – | 25 | Contractor management software for the construction industry is offered. | |
| globalworks.se | 2012 | Lund, Sweden | – | – | Social risks in workplaces are identified through social media analysis. | |
| scrum-system.com | 2008 | Pune, India | – | 82 | Provides EHS compliance management software for enterprises. | |
| socialsecurityapp.eu | 2007 | Virum, Denmark | – | 9 | App tracks business travels and ensures EU social security compliance for employees. | |
| workingstatus.com | 2009 | London, United Kingdom | – | 31 | UK right-to-work compliance and document scanning software is provided. | |
| acacompliancesolution.com | 2016 | Rock Hill, United States | – | – | Offers ACA compliance management solutions for applicable large employers and advisors. |
Detailed competitors of Simpliance
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Web traffic of Simpliance
The website of Simpliance (simpliance.in) receives about 159.6K visits a month.
- Monthly visits159.6K
▲ 37.6% vs previous month
Websites whose visitors overlap most with Simpliance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
saralpaypack.com | saralpaypack.com | 100% | – | #2,217,036 | – |
| zimyo.com | 94% | 51.6K | #729,503 | View details | |
ahmedabadcity.gov.in | ahmedabadcity.gov.in | 90% | – | #65,283 | – |
| vmc.gov.in | 90% | 298.7K | #122,293 | View details | |
hrcabin.com | hrcabin.com | 90% | – | #604,455 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 24 similar websites and full traffic analytics for Simpliance
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Top companies in GRC, Risk & Compliance Software
10 companies that operate in the same segment as Simpliance (GRC, Risk & Compliance Software), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | – | 350 | |
Cloud security posture management solutions are provided by the platform. | 2000 | Sunnyvale, California, United States | USD 54.2 M | USD 6.8 B | 14,140 | |
Digital workplace safety tools for inspections and audits are provided. | 2004 | Surry Hills, New South Wales, Australia | USD 297.93 M | USD 105.3 M | 506 | |
Compliance and risk management platform is offered to enterprises. | 2016 | San Francisco, California, United States | USD 504 M | – | 1,996 | |
Cloud-based tax compliance solutions are delivered for businesses worldwide. | 2004 | Seattle, Washington, United States | USD 342.97 M | USD 65.53 M | 1,623 | |
Hybrid cloud infrastructure solutions are delivered for business management. | 1977 | Austin, Texas, United States | – | USD 1.79 B | 8,890 | |
Cloud based identity governance and administration software | 2005 | Austin, Texas, United States | USD 26.65 M | USD 1.07 B | 2,740 | |
Online payment solutions are offered to consumers and businesses. | 1998 | San Jose, California, United States | USD 216 M | USD 31.79 B | 24,400 |
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Related news about Simpliance
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Frequently Asked Questions about Simpliance
Simpliance was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Simpliance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Simpliance is a funded company, having raised a total of $658.73K across 2 funding rounds to date. The company's 1st funding round was a Seed of $367.33K, raised on Jan 2017.
Simpliance has 42 employees.
The primary company behind Simpliance, Simpliance Technologies Private Limited, reported revenue of ₹23.93 Cr for FY 2023, up 95% year on year.
Simpliance was founded in 2015 in Bengaluru, India, as a SaaS platform in the compliance management sector. Central and state laws are consolidated and auto-configured on the platform, with recurring compliances scheduled centrally. Operations include a dashboard for real-time status updates and risk scores, customizable internal checklists, stakeholder collaboration tools, evidence management, audit logs, and retrieval of historical compliances. Detailed requirements, recurrences, penalties, and execution resources are also made available.
Simpliance's top competitors include Contractor Compliance, Globalworks and Scrum System.
Simpliance has 2 investors. Key investors include Quess, and Aparajitha Corporate Services.
The valuation of Simpliance is $2M as of Aug 2018.
Simpliance is associated with 2 legal entities: Simpliance Technologies Private Limited, Docsuggest Healthcare Services Private Limited.
Yes. Simpliance was acquired by Aparajitha Corporate Services in October 2022.
The legal entities of Simpliance currently have 5 directors, including Ramya Subramanian, Ramanandarao Venkata Kuchimanchi, Krishnan Nagaraj and others.