Top SaaS Companies in India

List of the largest SaaS companies in India (Click to apply)

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 478 companies with combined revenues of $11.9B.

Together, India SaaS companies employ over 72K employees, have raised $274.0M capital, and serve over 881K customers around the world.

$0 - $1M ARR
  1. Propstack $1.0M
$1M - $5M ARR
  1. Talocity $4.9M
$5M - $10M ARR
  1. DhruvSoft $9.2M
  2. CallHub $9.0M
$10M+ ARR
  1. Practo $2.0B
  2. Mindtree $1.1B
  3. PeopleStrong $900.0M
  4. RateGain $567.0M
  1. 01
    Sphinx Solution

    Sphinx Solution

    Information Technology & Services

    The company primarily operates in the Application Software industry. Sphinx Solution was founded in 2010 and is headquartered in Dallas, TX.

    $10M

    117

    2010

    India

  2. 02
    Intelligence Node

    Intelligence Node

    Business Management Software

    Developer of a retail analytics platform designed to automate retail pricing strategy. The company's platform uses price and merchandising algorithms, enabling businesses to adjust their pricing and assortment in order to gain profit.

    $9M

    113

    2012

    India

  3. 03
    DhruvSoft

    DhruvSoft

    Information Technology & Services

    Dhruvsoft provides Web Design, offshore outsourcing services to small and mid size business and large IT vendors. Dhruvsoft's service portfolio includes Web Development, Google Apps, Microsoft Online Services, Salesforce.com CRM, Graphic and Web design, Se

    $9M

    109

    2009

    India

  4. 04
    Fyle

    Fyle

    Accounting and Finance Software

    AI powered expense tracking, powerful policies and audit-ready reports - Fyle is the best expense management software for your business and employees. Fyle helps you reimburse your employees 3 times faster with the help of automatic expense tracking wh...

    $9M

    $21M

    96

    2016

    India

  5. 05
    Airwoot

    Airwoot

    Analytics Software

    Airwoot - a smart support helpdesk - empowers brands to engage with their customers on social media. It identifies customers that need help and connects the brand proactively with them in real-time to deliver an exceptional customer support experience....

    $9M

    3

    2012

    India

  6. 06
    Owlgrin

    Owlgrin

    Accounting and Finance Software

    You were made to #StandOut. Now and Always. (The company behind @horntell.)

    $9M

    10

    2013

    India

  7. 07
    CallHub

    CallHub

    Software as a Service Platform(SaaS)

    Award winning Voice broadcasting, Phone Banking and SMS broadcast software, in 200 countries. Try a free demo. Integrates with your existing systems. Easy!

    $9M

    29

    2011

    India

  8. 08
    Happy Visitor

    Happy Visitor

    Software as a Service Platform(SaaS)

    Cloud based best in class front office automation solution to efficiently manage your front office. Visitor Management | Material Management | Consumables Management

    $9M

    13

    2013

    India

  9. 09
    Dquip CRM

    Dquip CRM

    Marketing Software

    List of CRMs for 17 industries. Get CRM pricing, CRM Hosting options, CRM Customisation, 17 CRM Demos and everything on Customer Relationship Management. Big clients trust us.

    $9M

    12

    2009

    India

  10. 10
    OpusViz.com

    OpusViz.com

    Software as a Service Platform(SaaS)

    OpusViz is the only sales automation solution provider in India to offer a single mobile based solution for entire sales team, distributors, promoters and dealer distributor network

    $9M

    5

    2013

    India

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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.