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Working with contractors in India? Convert them to employees.

The longer a full-time contractor works under your direction, the more they look like an employee to Indian law, and the more both sides lose: you carry misclassification risk, they miss provident fund, insurance and gratuity. We convert contractors into properly employed team members on our entity in one payroll cycle, at $149 a month.

Full-time contractors under your direction are employees in all but paper. We convert them onto real employment in one cycle, at $149 a month.

Speak to sales EOR vs entity, in detail

G2 4.8 / 5 on G2, from companies employing teams in India through us.

Teams building in India. First hire to full team.

Staying on invoices versus converting to employment.

The same person, the same work, two very different structures. Here is what each side gains from the conversion.

Contractor on invoices

Employee via Versatile

Legal standing
De facto employment, unpapered
Actual employment, documented
Your risk
Reclassification, arrears, penalties
Employer obligations sit with us
Their retirement
No provident fund accruing
PF contributions every month
Their safety net
No insurance, no gratuity
Group health cover, gratuity accrual
Payment experience
Chasing invoices and wires
Fixed payroll date with payslips
Loyalty and tenure
One better offer from leaving
Benefits that reward staying

Contractor on invoices
Legal standing De facto employment, unpapered
Your risk Reclassification, arrears, penalties
Their retirement No provident fund accruing
Their safety net No insurance, no gratuity
Payment experience Chasing invoices and wires
Loyalty and tenure One better offer from leaving

Employee via Versatile
Legal standing Actual employment, documented
Your risk Employer obligations sit with us
Their retirement PF contributions every month
Their safety net Group health cover, gratuity accrual
Payment experience Fixed payroll date with payslips
Loyalty and tenure Benefits that reward staying
Day 1
List the contractors and their terms
Day 3
CTC structures proposed per person
Week 1
Offers explained to each contractor
Week 2
Contracts signed on our entity
Month 1
First payroll with PF and insurance live
Month 2
Invoicing era formally closed out

What a contractor forgoes each year without employment.

A contractor at a typical mid-level rate walks past provident fund contributions, employer-funded insurance, paid leave and gratuity accrual every year the arrangement continues. It is compensation they never see and usually never priced in.

Conversion routes those amounts to the person through statutory channels, funded largely by restructuring the same total cost. Most contractors say yes within a day of seeing the CTC sheet.

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Illustrative benefits a contractor misses per year Cumulative foregone PF, insurance and leave value
$650 Quarter 1
$1,350 Quarter 2
$2,100 Quarter 3
$2,900 Quarter 4
Illustration for a mid-level role at typical contribution and premium levels. Actual amounts vary with compensation structure.
Who benefits from the conversion
Invoice arrangement continues Both sides keep losing
Converted to employment Both sides gain cover

Conversion is one of the few moves that is better for both parties. The company sheds risk; the person gains the protections Indian employment law built for them. Price the conversion for your team in the EOR versus entity calculator with their current rates as input.

How a conversion actually runs.

You keep the working relationship exactly as it is. We rebuild the legal and financial structure underneath it.

You run

  • The work, unchanged through conversion
  • Rate discussions and total budget
  • The decision on who converts when

We handle

  • CTC design from current invoices
  • Employment offers and explanations
  • Payroll, PF, ESIC and TDS from month one
  • Insurance enrolment and records

You run
  • Keep the work flowing
  • Set the budgets
  • Choose the timing
  • Lead the team

We handle
  • Design the CTC
  • Explain the offers
  • Paper the contracts
  • Start the payroll
  • Enrol insurance
  • File everything

When something happens in India, it is ours.
The working relationship Yours, uninterrupted
The employment itself Foo Falcon Technologies
All work product, past and future Yours, chain completed

A named compliance manager owns your account. Not a queue, not a chatbot, one person who already knows your headcount and your last filing.

Account managerMedian first reply 4 to 6 hours
Recruitment coordinatorBrief to shortlist 9 days
Finance associateFilings on time 8 / 8

Conversions that people accept

We do not send contractors a contract and hope. Each person gets a walkthrough of their CTC structure, what PF means for them, how insurance works and what changes on payday, before anyone is asked to sign.

The risk clock stops

From the first payroll on our entity, the forward misclassification exposure ends: a real employer files real contributions under a real contract. Your counsel decides how to treat history; we fix the future.

Cost-neutral by design

Most conversions restructure the existing invoice amount into salary plus statutory contributions rather than adding budget. The person's take-home lands close to before while benefits begin accruing on top.

For contractors reading this

If you are an independent professional who wants employment-backed client work, our talent network places people like you with international teams. Apply through the talent page and our recruiters take it from there.

Conversions that people accept

We do not send contractors a contract and hope. Each person gets a walkthrough of their CTC structure, what PF means for them, how insurance works and what changes on payday, before anyone is asked to sign.

A conversion only works if the person wants it.

The risk clock stops

From the first payroll on our entity, the forward misclassification exposure ends: a real employer files real contributions under a real contract. Your counsel decides how to treat history; we fix the future.

Every month converted is a month of exposure retired.

Cost-neutral by design

Most conversions restructure the existing invoice amount into salary plus statutory contributions rather than adding budget. The person's take-home lands close to before while benefits begin accruing on top.

Compliance that costs nothing extra is easy to approve.

Moving someone across

If you later bring the converted team onto your own entity.

Converted employees transfer onward like any others: continuity of service, accrued gratuity and leave balances all carry to your Indian entity when you open one.

Roles and working patterns Kept
CTC and benefit structures Kept
Statutory cover in the move Continuous
Payroll gap 0 days

The conversion is durable; the structure can keep evolving.

Supporting evidence

The entity your contractors would join.

Conversions land on Foo Falcon Technologies Pvt Ltd, Bengaluru, MCA-registered since 2022. Contractors and clients alike can pull the public filings, and we share statutory evidence with both sides of every conversion.

  • Incorporation
  • GST
  • EPFO code
  • ESIC
  • Shops and Establishments
  • PAN and TAN
  • Udyam MSME
What we verify
  • Incorporation Ministry of Corporate Affairs
  • GST Goods and Services Tax
  • EPFO code Employees Provident Fund Organisation
  • ESIC Ministry of Labour and Employment
  • Shops and Establishments Government of Karnataka
  • PAN and TAN Income Tax Department
  • Udyam MSME Government of India

Transparency to the company and the person, equally.

200

people converted and migrated in our single largest project

33

client companies on our payroll rail every month

5 days

per person from signed offer to employed status

G2 4.8 / 5 on G2, from companies employing teams in India through us.

G2 4.8 / 5 on G2, from companies employing through us.

Teams that closed the contractor chapter.

Companies on what changed after the invoices stopped and the payslips started.

Video
Bharath Rasoi KS Rajeshwari Founder, Bharath Rasoi
Video
Open Theatre Anand Raj Founder, Open Theatre
Abid Hassan Verified client
Sensibull
“They moved fast and took the whole compliance side off my plate. For a founder making an early India hire, that is exactly what you want.”
Abid Hassan Founder and CEO, Sensibull
Via G2
Moonshot
“Every option was either 'set up your own entity' or a platform that quotes a great price then hits you with add-ons. Versatile was the one that actually made it simple. First payroll ran on time. No scramble.”
Angad S. Co-Founder, Moonshot
Via G2
Digital Marketing Agency
“Contracts, PF, ESI, TDS and payroll all in one place. Invoicing in USD meant zero exchange rate surprises. The compliance rigour is genuinely reassuring.”
Vedant T. Founder, Digital Marketing Agency
Via G2
Design Studio
“Setting up in a new country can get messy fast, but their India EOR made onboarding feel easy. The team is responsive, clear, and great to work with.”
Setu C. Studio Owner, Design Studio
Via G2
US Startup
“We used Versatile to hire our first employee in India after months of putting it off because the compliance side seemed like a mess. They walked us through it and now we don't think about it.”
Verified US Founder First-time Founder, US Startup
Via G2
Mid-Market Tech Co.
“Versatile consistently delivered work that was both strategically sharp and execution-ready. Their turnaround times are impressive, and they think about problems the way an in-house team would.”
Shivani K. Senior Manager, Tech TA
Via G2
Growth-stage Startup
“Their team was highly responsive, professional, and easy to work with. They made a complex process feel simple.”
Mukul S. Core Team, Growth-stage Startup

Case studies.

Largest food delivery app in India, decacorn View case study The world's largest professional network, part of Microsoft View case study Legacy US software company, publishing platforms View case study

Conversion pricing: simpler than the problem it solves.

Converting existing contractors carries no recruitment fee at all. You pay only the monthly employment fee.

Conversion

Your contractors become employees
$0 recruitment fee

People you already work with are client-sourced, so the 12% recruitment fee does not apply. Conversion setup is included in the monthly fee.

List your contractors
  • CTC design per contractor
  • Offer walkthroughs for each person
  • Contract execution on our entity
  • PF and ESIC registration
  • Insurance enrolment
  • First payroll inside one cycle
  • History posture left to your counsel
  • No setup or onboarding charges
  • CTC design per contractor
  • Offer walkthroughs for each person
  • Contract execution on our entity
  • PF and ESIC registration
Plus four more inclusions
  • Insurance enrolment
  • First payroll inside one cycle
  • History posture left to your counsel
  • No setup or onboarding charges

The cheapest compliant move available to you today.

Employer of Record

We employ the converted team
$149 /employee/mo

$129 per head applies past twenty employees. Salaries and statutory contributions pass through at actuals, fully itemised.

Price the conversion
  • Indian-law employment contracts
  • Fixed-date monthly payroll
  • PF, ESIC, PT and TDS filings
  • Group health insurance
  • Gratuity from conversion day
  • Leave and holiday tracking
  • Lawful exits if ever needed
  • Entity transfer path open
  • Indian-law employment contracts
  • Fixed-date monthly payroll
  • PF, ESIC, PT and TDS filings
  • Group health insurance
Plus four more inclusions
  • Gratuity from conversion day
  • Leave and holiday tracking
  • Lawful exits if ever needed
  • Entity transfer path open

The same flat fee whether hired fresh or converted.

Converting more than twenty

$149 $129 /employee/mo

Larger conversions price at $129 a head from employee twenty-one, which suits companies consolidating big contractor pools.

Inside the monthly fee

  • Payroll and payslips
  • All statutory filings
  • Insurance administration
  • Employment documents
  • Leave management
  • Reimbursement processing
  • Compliance ownership
  • Named account contact

Volume pricing

$149 $129 /employee/mo

Bulk conversions price at $129 past twenty heads.

Inside the monthly fee

  • Payroll and payslips
  • All statutory filings
  • Insurance administration
  • Employment documents
  • Leave management
  • Reimbursement processing
  • Compliance ownership
  • Named account contact

Employer statutory contributions of roughly 13% to 17% apply on restructured salaries at actuals. Model your contractor pool in the EOR versus entity calculator using current invoice values.

Contractor conversion, asked and answered.

The questions companies and contractors both bring to a conversion.

Why is a long-term contractor arrangement risky in India?

Indian authorities look at substance over form: direction, hours, tools and exclusivity. A contractor who works like an employee can be reclassified as one, bringing retroactive provident fund dues, interest, damages and tax questions for the engaging company.

Will conversion cost us more than the current invoices?

Usually not materially. The typical conversion restructures the existing invoice amount into a CTC covering salary and statutory contributions, plus our $149 monthly fee. Since converted people are client-sourced, no recruitment fee applies at all.

Will the contractor's take-home pay drop?

The structure changes: part of the total now flows into provident fund and benefits rather than cash. We design each CTC to keep take-home as close as possible and walk every person through the numbers, which is why acceptance rates are high.

Does converting admit that we misclassified them before?

Conversion is a forward-looking restructuring and does not require characterising the past. How to treat any historical exposure is a call for your counsel; our role is to stop the ongoing accrual and make the future clean.

Can we convert some contractors and not others?

Yes, and phased conversions are common: start with the longest-tenured or most integrated people, where risk concentrates, and move the rest in waves. We help you sequence it sensibly.

I am a contractor myself. Can Versatile place me somewhere?

Possibly, and we would like to hear from you. Our talent network places engineers, designers and operators with international companies as properly employed team members through the applyastalent page on this site.

Longer reading: Join our talent network · Remote hiring in India done right · The legal view of conversion

Tell us where you are on the decision.

A role you want to hire, a team you want moved, or just the two routes to compare. A named person replies in 4 to 6 hours.

A named person replies in 4 to 6 hours, not an autoresponder.

We use these details to respond to your enquiry.

A named person replies in 4 to 6 hours, not an autoresponder. We use these details to respond to your enquiry.

What the first call covers

30 minutes

A cost comparison for your headcount, on your numbers, both routes.

  • A written cost breakdown
  • Entity documents before the call
  • PF, ESI, TDS, termination law
  • No follow-up sequence
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