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

Finance control for India.

India Employer of Record for finance teams.
One USD invoice. Audit-ready accruals. No FX markup.

Book a Call
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
Tell me about your first hire

I read every form personally. You will hear from me on email within 4-6 hours, with a draft offer letter attached.

By submitting, you agree to our privacy & terms. First month is on us. Or email our team directly.

Used by 59+ global companies hiring engineers, designers, and operators in India

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Used by 59 companies hiring engineers, designers, and operators in India

Swiggy Jupiter Money LinkedIn ePublishing Lenskart BlogVault NuCash Climate Connect Giant Eagle Tekion NxtWave AiSensy Almabase Pinscale Cloud 10 Pop Club Razorpay Swiggy Jupiter Money LinkedIn ePublishing Lenskart BlogVault NuCash Climate Connect Giant Eagle Tekion NxtWave AiSensy Almabase Pinscale Cloud 10 Pop Club Razorpay

India payroll. Finance can finally trust it.

For CFOs, Finance Directors, Controllers building India team payroll into your books. One USD invoice. Audit-ready statutory liability accruals mapped to your GL. No FX markups. No hidden line items.

The problem you're solving

You inherited an India payroll structure that was set up before you joined. The accruals on the books don't match the actual statutory liabilities. The previous EOR's invoices have FX markup buried inside the line items. The year-end audit triggered four follow-up questions about gratuity provisioning.

You need an India payroll vendor whose books reconcile cleanly to yours, whose invoices an auditor can read on the first pass, and whose statutory accruals you can defend in due diligence.

What you get from Versatile

One USD invoice per employee per month

No multiple line items, no statutory breakdown buried in service charges, no FX adjustment row. One number per employee. Books stay in USD. Auditor reads it on the first pass.

Statutory liability accruals mapped to your GL

Monthly accrual report: PF employer contribution, ESIC employer contribution, Gratuity provisioning, Profession Tax, Labour Welfare Fund. Mapped to your specific GL accounts. Roll-forward reconciliation included.

FX transparency at RBI reference rate

Every invoice uses the RBI reference rate on invoice date. Our EOR fee is a separate USD line, not absorbed into FX. Your auditor can reconstruct INR → USD on every transaction.

Year-end audit packet delivered before deadline

Signed Form 16 per employee + ECR (PF) + ESIC challans + gratuity actuarial valuation + TDS quarterly returns + Profession Tax remittance records. On your audit calendar.

Investor diligence packet in 48 hours

Series B fundraise triggers India payroll diligence. We deliver the diligence packet within 48 hours: 6 months of statutory accruals + every Form 16 + every ECR + employee-by-employee reconciliation. Your diligence cycle doesn't stall on India.

Migration assistance when you move to your own entity

If you graduate from EOR to your own Indian Pvt Ltd, we hand off UAN + ESIC + gratuity records at $0 fee. Statutory liability accruals transfer cleanly. No double-counting, no missed handoff.

Outcomes that finance teams measure

OneUSD invoice per employee/mo
48 hrDiligence packet TAT
ZeroFX markup or hidden lines
100%Audit pass rate · 3 cycles
The previous EOR's invoices had an "FX adjustment" line that varied by $200-$800 per employee per month. Our auditor flagged it on every cycle. Versatile uses the RBI reference rate on invoice date and lists the EOR fee separately in USD. The auditor didn't ask a single FX question this year. - Controller · Series C SaaS (anonymized)

One vendor for the whole India operation.

EOR is the contract layer. The other seven things that make India hiring work are also on our books. One MSA, one invoice, one accountable entity.

Legal employment

Offer letter, PF UAN, ESIC IP all under Foo Falcon's PAN. Your hire is on our books, not a partner's.

Recruitment

Sourcing, screening, interviews. $99/position, $1,199/mo dedicated recruiter, or contingent on placement.

Employee insurance

Group health (₹5L floater, family), accident, term life. Day-1 coverage, no waiting period, no separate vendor.

Devices & equipment

Laptop, monitor, peripherals. Locally procured, delivered before Day 1. Pass-through cost, no markup.

Onboarding

Welcome call, document collection, policy walkthrough, first-paycheck schedule. Five-day SLA. Three-day fastest.

Payroll & statutory

Monthly run, PF + ESIC + PT + TDS, Form 16, gratuity. Eight statutory items on every payslip.

Compliance & audits

EPFO + ESIC inspections, Section 7A inquiries, audit-ready records. Inspectors come to us, not you.

Offboarding

Notice, F&F, gratuity, asset recovery, experience letter, UAN continuity. Clean exit, every time.

What we hold ourselves to.

Four operational benchmarks, refreshed monthly. These are not aspirations. They are the floor.

100% On-time payroll, every cycle, every employee
Zero Notices issued by any statutory authority since founding
<4hr Reply time from your named compliance lead, IST business hours
One Consolidated USD invoice per employee per month

Real teams, real numbers.

Three engagements that show how this works in practice. Different ICPs, different scales, same EOR mechanics.

ePublishing.

Migrated mid-cycle. Zero disruption.

How ePublishing switched EOR providers inside one payroll cycle. UAN continuity, gratuity vesting kept intact, engineers never noticed the swap.

Read the full case →
LinkedIn.

India design hires. Zero audit surprises.

LINKEDIN · DESIGN GCC · AUG 2025

How a global tech leader scaled an India design team through Versatile, with compliance handling that held up to internal audit.

Read the full case →
Swiggy.

Scaled past thirty hires. One USD invoice.

SWIGGY · FOOD-TECH · MAR 2024

How Swiggy consolidated their India design and engineering hiring under one EOR. 33 invoices in 26 months, single consolidated USD invoice.

Read the full case →

Built by India payroll specialists.

Foo Falcon Pvt Ltd. Running India payroll since June 2022. Four years on the books. The team behind the numbers below is the same team you email.

3.8 yrs Incorporated 28 Jun 2022 · RoC-Bangalore · Active status
14 US and UK clients on the entity · April 2026
47 Employees drawing salary from us this month
100% Client retention · 36 months · zero churn

The team you are actually emailing.

Named compliance lead on every account. Email replies in 4-6 hours from the same India payroll specialists who run your filings · not from a tier-one help desk.

Sagar Chainani

Founder & CEO · Bengaluru

Ex-[prior employer]. Director of the entity since incorporation. DIN 09654072. On every client Slack channel.

LinkedIn -> [email protected]

Riya Khanna

Compliance Lead · Bengaluru

Named on every client account. Drafts EPFO replies, reviews every payslip, signs the statutory filings. The reason zero notices have landed in 36 months.

Vikram Sethi

Senior Payroll Specialist · Bengaluru

Runs payroll on the first of every month. Forty-seven payslips, zero misses in the last twelve cycles. Owns UAN, ESIC, and gratuity continuity.

Four answers before you scroll.

The questions every US founder, People Ops lead, and CFO asks before deciding on an India EOR. Detailed FAQ below; this is the snapshot.

How do I hire engineers in India without setting up an entity?

Sign one MSA with Versatile. We are the Indian Private Limited; your hire signs an offer letter from our entity. You get a USD invoice at $99-$399/seat/month covering everything statutory.

START WITH US →
How fast can I get someone on payroll in India?

5 business days from offer signed for the typical first hire, including PF and UAN registration. Fastest documented onboarding: 3 days. Generic global EORs typically take 2–3 weeks for the same scope.

GET A QUOTE →
EOR vs setting up an entity in India - which is better?

Use an EOR until you are at 20–30 India employees. Below 20, the EOR fee ($99-$399 PEPM) is cheaper than entity overhead (a director, a CA, a CS, an office address, statutory filings). Above 30, a wholly-owned subsidiary becomes economical and we help with the migration.

EOR VS ENTITY, IN DETAIL →
What does India EOR actually cost?

Versatile: $99-$399 per employee, per month. Range driven by headcount and salary band, identical to India-native peers (Wisemonk, Multiplier, Skuad). No setup fee. No exit fee. First month is on us.

Global EORs (Deel, Remote, Rippling, G-P) start at $499-$699/seat for India and add per-statutory line items on top. Where Versatile wins: 6 published Foo Falcon compliance certificates, a named compliance lead, and one vendor for the whole India operation.

SEE THE MATH VS DEEL →

Verify the entity. Three clicks each.

Most India EORs do not publish their CIN, their GSTIN, or their ESI code. We do, plus the Udyam registration, the PAN, the TAN, and the actual government-issued certificates as PDFs. Click any of them to verify the entity is real, current, and active on the official Government of India portals.

Live government registers
Ministry of Corporate Affairs CIN U72900KA2022
PTC163007 Look up on MCA GST Portal · Karnataka 29 GSTIN 29AAFCF1167M
1Z9 Verify on GST portal ESIC · Karnataka SRO ESI Code 5000064314
0000911 Look up on ESIC Ministry of MSME · Govt of India Udyam Registration UDYAM-KR-
03-0383545 Verify on Udyam Income Tax Department TAN BLRF07330B Verify TAN Income Tax Department PAN AAFCF1167M Verify PAN Registered office · Bengaluru Office address No. 7, Sridevi Complex
NAT Street · Basavanagudi Open in Maps EPFO Establishment PF code KN/BNG/
[swap before live] Look up on EPFO Founder · DIN 09654072 Sagar Chainani CEO & Founder
on every Slack View on LinkedIn Professional Indemnity Insurance certificate Available on
request · NDA optional Email for COI
Source documents on file
MCA · 28 Jun 2022

Certificate of Incorporation

View PDF GSTN · 5 Feb 2024

GST Registration Certificate

View PDF ESIC · 28 Jun 2022

ESI Registration Certificate

View PDF MSME · 7 Apr 2024

Udyam Registration Certificate

View PDF MCA · 13 Mar 2024

MCA Master Data

View PDF

Most "EORs" pass through to a third-party Indian entity you never see. We are the entity. The CIN, GSTIN, ESI code, and Udyam registration above are all on the contract counterparty of every offer letter we issue.

Featured clients on our payroll. In their own words.

1/4 · Showing

"Building a GCC means picking partners who can move at the speed your design org wants to ship. They built our India GCC quietly and properly. No surprise fees. Onboarding SLAs they actually hit."

GE
Design Hiring Manager
Giant Eagle · Global Capability Center

"Switching EOR is supposed to be the worst quarter of the year. Continuity of PF, gratuity vesting, salary cycles, one wrong move and the team panics. Migration finished inside one payroll cycle. Zero disruption. The team did not even notice the swap."

EP
Technical Lead
ePublishing · Migrated Jun 2025

"We needed someone who knew that a Climate Connect hire is also a notice from EPFO if it is structured wrong. USD invoicing, fast onboarding, and someone who actually knows the difference between PF compliance and PF theatre."

MM
Michael Montmoril
Climate Connect Digital · India Lead

"Our India design GCC was supposed to take a quarter to spin up. Versatile got the first three designers on payroll inside two weeks, with audit-ready statutory filings from Day 1. The compliance handling held up to internal audit, which is the hardest part."

LI
Design Hiring Manager
LinkedIn · India Design GCC · Aug 2025

Same India operation. Different angle.

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EOR vs Setting Up an Entity

When does EOR end and entity begin? Breakeven at 25-30 hires. Cost math included.

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A short letter. Founder to founder.

Dear founder,

If you are hiring your first engineer in India, the part nobody warns you about is not the talent. It is the eight statutory filings, the New Labour Code rebase, and the EPFO inspection notice that arrives in month three.

Versatile exists so a US founder can hire in India the way they hire in California. Sign a contract on Monday. Have a payslip on the first. Get a USD invoice that an auditor can read. Our compliance team owns every step.

If that is the kind of partner you want, our team email is on every contract: [email protected]. Write to us before you sign. We reply in 4-6 hours.

- The Versatile team
VIndia · 2024
To:
You, the next founder
hiring engineer number one
in India.
Email the team →

Questions we hear most.

How is your USD invoicing structured?

One USD invoice per employee per month. Three lines visible: (1) employee gross salary converted at RBI reference rate, (2) Versatile EOR fee, (3) statutory employer contributions (PF + ESIC + gratuity provisioning + LWF). No FX markup. No bundled service charges. Your auditor reconstructs INR → USD on every transaction.

Yes. Onboarding includes a 30-minute call to map your specific GL accounts to our standard accrual categories: Salaries & wages, Employer PF contribution, Employer ESIC contribution, Gratuity expense, Profession Tax, Labour Welfare Fund. Monthly accrual report uses your GL chart of accounts.

Signed Form 16 per employee, ECR (PF) returns for every month, ESIC challans, gratuity actuarial valuation, quarterly TDS returns, Profession Tax remittance records, leave encashment computations, bonus computations. Delivered on your audit calendar.

Yes. 48-hour turnaround. Series B / Series C diligence cycles. We've delivered diligence packets to lawyers at top-tier firms (Cooley, WSGR, Latham, Goodwin). No back-and-forth required during the diligence cycle.

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