India-native entity Foo Falcon Tech Pvt Ltd · CIN U72900KA2022PTC163007 47 engineers paid · Apr 2026 14 US/UK companies on the entity 0 notices since founding 4 yrs on the books 5-day contractual Go-Live SLA $149/employee/month · first month free PF · ESI · S&E across all 28 states + 8 UTs Income Tax Act 2025 · Form 130 ready DPDP Act 2023 · 24-hr breach SLA

India contractor payments.

Pay your India contractors compliantly in USD. Contractor of Record agreement. Quarterly Form 16A. TDS withheld. $19 per contractor per month.

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4 yrs On the books
47 Engineers paid · Apr 2026
14 US/UK companies on the entity
0 Notices since founding
Foo Falcon Pvt Ltd · CIN U72900KA2022PTC163007 · Incorporated 28 Jun 2022
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Used by 59 companies hiring engineers, designers, and operators in India

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Contractor payments are not just a wire transfer.

Wiring USD to an India contractor's personal bank account works once. Over time it creates three problems: misclassification risk if the engagement looks like employment, TDS-withholding non-compliance that triggers Income Tax Department notices, and IP ownership ambiguity because there is no compliant contract. Versatile Contractor of Record fixes all three for $19 per contractor per month.

Multi-month engagement

Anything beyond a one-off project. Versatile drafts the compliant agreement once; subsequent months run automatically.

Multiple contractors

Once you cross three concurrent India contractors, the manual per-contractor admin (wire transfer, TDS reconciliation, Form 16A) exceeds the Versatile fee.

Fixed monthly retainer

A fixed retainer is a strong misclassification flag. Versatile structures the engagement to pass the substance-over-form test.

IP-sensitive work

Any engagement where the work product is owned IP. The Versatile agreement includes a master IP assignment clause to your US/UK parent.

USD invoicing

You pay in USD, Net 15. Versatile holds the FX exposure and pays the contractor in INR at the Reserve Bank reference rate. No FX markup on your side.

Form 16A quarterly

TDS is deducted at the applicable rate (1% for individuals, 10% for professionals with PAN). Form 16A issued to the contractor each quarter.

ItemVersatile handles
Cost$19 per contractor per month
Setup3-5 business days
USD invoicingYes, single consolidated
TDS withholding + Form 16AYes, quarterly
Misclassification protectionVersatile holds the contract
IP assignmentMaster clause to US/UK parent

India contractor payments, compliant by default.

$19/contractor/month · USD invoicing · Form 16A quarterly · No setup fee

Set up your first contractor →

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Questions we hear most.

How is this different from Versatile Freelancer Payments?
Same product, two pages. Contractor Payments is the procurement-team-facing framing; Freelancer Payments is the founder-facing framing. The underlying Contractor of Record service is identical: $19 per contractor per month, USD invoicing, TDS withholding, Form 16A.
Yes. There is no minimum. The $19 fee is pro-rated for partial months. No setup fee.
Performance management is yours; Versatile is the contracting party for compliance only. You provide the work direction, set deliverables, and decide on continuation. Versatile facilitates the relationship change (notice, exit) within the contract framework.
The contractor signs with Versatile (Foo Falcon Technologies Pvt Ltd). Your name appears as the work-direction party in the scope-of-work attachment. The contractor knows who they're working for; the legal counterparty is Versatile.

Hire in India. Without the panic.

Tell me about your first hire. I will reply on email inside 4-6 hours, with a draft offer letter attached. Then my support team takes the depth.

Hire your first one → or book a 30-min compliance call
$99-$399 · per employee · per month 5 day onboarding SLA 0 setup or exit fees 1st month free 59 companies served