What does Versatile pricing actually include?
$99-$399 per employee per month covers: employment contract, monthly payroll, all twelve statutory items (PF, ESIC, gratuity, professional tax, TDS, Form 16, etc.), audit-grade documentation, equipment from our Bengaluru warehouse, group health and life insurance at group rates, and access to the named compliance team. The fee is range-priced based on team size and salary bands.
How long does onboarding take?
Five business days end-to-end. Day 1 MSA + offer letter. Day 2 KYC. Day 3 PF + ESIC enrolment + Karnataka PT registration. Day 4 equipment shipped from Bengaluru. Day 5 first salary scheduled. The SLA holds across every city we operate in.
Do you work outside India?
No. Versatile is India-native by design. For countries outside India, Deel, Remote, or Multiplier are the right vendors. Many customers run both: Versatile for India, a global EOR for the rest.
How do I migrate from my current EOR to Versatile?
One payroll cycle. UAN continuity preserved (we file the inter-EOR PF transfer). Gratuity accrual handed off. Specialists never see a payroll gap. The migration plan is documented at MSA stage.
What audit standards does Versatile support?
SOC 2 Type II, SOX, Microsoft vendor audit, listed-entity audit (Swiggy IPO), and India statutory audit. The cross-reference matrix (payslip-to-PF-challan-ID-to-TDS-payment-evidence) is maintained on every engagement.
What is the named compliance team?
Three named people per customer account: Compliance Lead, Filing Specialist, Senior Compliance Reviewer. Names like Riya Khanna, Vikram Sethi, Aarti Mehta. 4-6 hour email TAT during India business hours. No ticket queue. No CSM rotation.
Can I see who the founder is?
Sagar Chainani. Foo Falcon Technologies Pvt Ltd (Versatile) was founded in 2022. Sagar signs every MSA. The CIN is U72900KA2022PTC163007. Verifiable at the MCA portal.
What happens at 25-30 India hires?
The EOR-to-entity break-even crosses. We walk through the entity setup math transparently and support the transition. UAN continuity preserved, gratuity accrual handed off, employment contracts move from Versatile to your Indian Pvt Ltd. Versatile can stay on as Managed Payroll if you want operational continuity.
Is the equipment owned by Versatile or by me?
By Versatile. Devices are asset-tagged, insured, and recovered to our Bengaluru warehouse on specialist exit. They are then refurbished and re-issued to the next specialist. On entity transition, we can transfer ownership of in-use equipment to your Indian entity at depreciated book value.
What if a hire does not work out?
India has a standard 90-day probation period built into the contract. During probation, separation is straightforward (one week's notice from either side). After probation, the notice period extends to 60-90 days per market norm. Versatile handles all separation paperwork including F&F settlement.
What about ESOP for India specialists?
India ESOP rules (perquisite tax at exercise, capital gains at sale) are different from US RSUs. Versatile coordinates with your equity admin platform (Carta, Pulley, Slice) for accurate withholding and Form 16 reflection.
Is there a setup fee or exit fee?
No. First month is free. No setup fee. No exit penalty. The pricing is purely per-employee per-month for the life of the engagement.