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List of the largest SaaS companies in India

Top SaaS Companies in India

These are the top SaaS companies in India. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for India by featuring these 987 companies with combined revenues of $15B.

Together, India SaaS companies employ over 675K employees, have raised $10.9B capital, and serve over 2B customers around the world.

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Highlights

01
$2B
$211M
200M
1K
2008
India
02
M
Mindtree

Analytics Software

Mindtree Limited is an Indian multinational information technology and outsourcing company headquartered in Bangalore, India and New Jersey, USA.

$1B
-
270
26K
1999
India
03
SAG
Software AG

Business Development Software

Software AG provides business process management, data management, and consulting services worldwide.

$1B
-
10K
4K
1969
India
04
JD
Just Dial

Information Technology Software

Just Dial Ltd provides local search related services to users in India through multiple platforms such as Desktop/ PC website, mobile site, mobile apps, over the telephone and text. The company's mobile app is an All-in-One App, replete with features like Map-aided Search, Live TV, Videos, News and Real Time Chat Messenger, Augmented Reality, Online Movie finder, Cricket, Music and Radio to make the life of the consumer infinitely smoother and more engaging. It has also launched an end-to-end business management solution for SMEs, to transition thousands of SMEs to efficiently run business online and have adequate online presence via their own website, and mobile site.

$976M
$67M
125M
7K
1997
India
05
PS
PeopleStrong

HR Software

Comprehensive HR Tech for enterprises comprising of Talent Acquisition, Talent Management, and Human Capital Management.

$900M
-
500K
1K
2006
India
06
HCLS
HCL-Software

Information Technology Software

A division of HCL Technologies operates in #softwarebusiness with innovation in DevSecOps, #Automation, #DigitalSolutions, #Marketing, #Commerce and Mainframes

$654M
$7M
100M
661
1992
India
07
ZTL
Zensar Technologies Ltd.

It Management Software

Provider of software development services. The company provides management consulting, business application services, enterprise services, enterprise collaboration services, testing and assurance services, BPM and infrastructure management services.

$590M
$9M
-
11K
1991
India
08
Z
Zoho

CRM and Related Software

Unique and powerful suite of software to run your entire business, brought to you by a company with the long term vision to transform the way you work..Zoho offers a suite of business, collaboration, and productivity applications..

$500M
$7M
250K
9K
1996
India
09
DVS
Data View Systems

Internet

Data View Systems is a global provider of integrated information technology and knowledge process services

$430M
$136K
-
5K
2008
India
10
M
Mettl

Workforce Management Software

Mettl is a technology company that provides skill assessment tools, proctoring, and online assessment software.

$423M
$4M
4K
490
2009
India
1 - 10 of 931Next

What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.