About XpenseCo
XpenseCo is a company based in India founded in 2018 by Mohit Parkash. It operates as a B2B. XpenseCo operates in a competitive market with competitors including Ramp, Navan, Brex, Spendesk and Concur, among others.
- Headquarter Haryana, India
- Founders Mohit Parkash
- SectorsTechnology
- Website xpenseco.com
- Social X Facebook
- Legal Name Xpenseco Private Limited
- Date of Incorporation 20 Apr, 2018
- Jurisdiction Karnal, Haryana, India
- Annual Revenue₹22 Lakh
FY 2024 · +144% YoY
- Net Profit₹6.5 Lakh
FY 2024 · 29% margin
- EBITDA₹8.6 Lakh
FY 2024 · 39% margin
Associated legal entities of XpenseCo
XpenseCo operates through Xpenseco 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 |
|---|---|---|---|---|---|---|---|
| Xpenseco Private Limited CIN U72900HR2018PTC073682 | Active | 20 Apr 2018 | Karnal, Haryana | ₹0.2 Cr | – | 2 | View details |
Board of directors of Xpenseco Private Limited (XpenseCo)
Xpenseco Private Limited is the primary company behind XpenseCo. The board of Xpenseco Private Limited currently have 2 directors; the longest-serving is Mohit Parkash, appointed in 2018. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mohit Parkash DIN 08115159 | Director | 20 Apr 2018 | 8 yrs 5 mo | Xpenseco Private Limited |
| Renu Kuchel DIN 08535266 | Director | 30 Jun 2020 | 6 yrs 3 mo | Xpenseco Private Limited |
People of XpenseCo
1 people are tracked at XpenseCo (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder, CEO | Leadership |
Complete people profiles for XpenseCo
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Financials of XpenseCo
Figures of Xpenseco Private Limited, the primary company behind XpenseCo, for FY 2024. Revenue was ₹22 Lakh (+144% year on year). Net profit was ₹6.5 Lakh (29% margin). EBITDA was ₹8.6 Lakh (39% margin). Revenue has grown at a compounded annual rate of +618% over three years.
- ₹22 LakhRevenue · FY 2024 · +144% YoY
- ₹6.5 LakhNet profit · 29% margin
- ₹8.6 LakhEBITDA · 39% margin
- ₹1 LakhPaid-up capital
- +618%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Xpenseco Private Limited are on its company page.
Detailed financial statements for XpenseCo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Competitors of XpenseCo
XpenseCo 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 Ramp, Navan, Brex, Spendesk and Concur, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ramp.com | 2019 | New York, United States | $2.13B | – | Spend management and accounts payable solutions are delivered to businesses. | |
| navan.com | 2015 | Palo Alto, United States | $1.58B | 847 | Corporate travel and expense management are facilitated through SaaS platform. | |
| brex.com | 2017 | Draper, United States | $1.16B | – | SaaS-driven credit card and spend management solutions platform for businesses | |
| spendesk.com | 2016 | Paris, France | $303.82M | – | Provider of prepaid cards for financial benefits of employees | |
| concur.com | 1988 | Bellevue, United States | – | – | Corporate travel expenses and invoices are managed via SaaS platform. | |
| pleo.io | 2015 | Copenhagen, Denmark | $434.02M | 149 | SaaS expense management solutions for business travel are provided. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| spenmo.com | 2019 | Singapore | $121.35M | – | Cloud-based corporate cards and expense management solutions are offered. |
Detailed competitors of XpenseCo
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Similar companies to XpenseCo
10 companies that operate in the same segment as XpenseCo (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about XpenseCo
XpenseCo was founded in 2018.
XpenseCo is headquartered in India. It is registered at Haryana, India.
Mohit Parkash is the current CEO of XpenseCo. They have also founded this company.
The primary company behind XpenseCo, Xpenseco Private Limited, reported revenue of ₹22 Lakh for FY 2024, up 144% year on year.
XpenseCo provides online software for expense and travel management solutions, focusing on leveraging cutting-edge technology, software, financial software, and expense management. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
XpenseCo operates through Xpenseco Private Limited.
The legal entities of XpenseCo currently have 2 directors, including Renu Kuchel, Mohit Parkash.