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For finance leaders: India headcount as one clean invoice.

An India team should not mean a second ledger, an FX desk and a subsidiary audit. Under our model your company receives one USD invoice a month: salaries at actuals, statutory employer costs itemised, and a flat $149 per employee for the infrastructure. No entity on your balance sheet, no transfer pricing memo, no surprises at close.

One USD invoice a month covers salaries at cost, itemised statutory charges and a flat $149 per head. No subsidiary, no second ledger.

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.

The subsidiary ledger versus the single invoice.

Both models employ the same people. Only one of them shows up in your close process as a single reconcilable line.

Owned Indian subsidiary

Versatile single-invoice model

Monthly close
Second ledger, intercompany entries
One invoice, one accrual, done
FX handling
Your treasury wires INR payroll
We pay INR; you settle in USD
Audit surface
Indian statutory audit added
A vendor line in your existing audit
Transfer pricing
Study, documentation, exposure
Not applicable to you
Cost visibility
Spread across entity accounts
Per-head economics on one page
Exit cost
Winding-up is slow and billable
Contract ends when headcount does

Owned Indian subsidiary
Monthly close Second ledger, intercompany entries
FX handling Your treasury wires INR payroll
Audit surface Indian statutory audit added
Transfer pricing Study, documentation, exposure
Cost visibility Spread across entity accounts
Exit cost Winding-up is slow and billable

Versatile single-invoice model
Monthly close One invoice, one accrual, done
FX handling We pay INR; you settle in USD
Audit surface A vendor line in your existing audit
Transfer pricing Not applicable to you
Cost visibility Per-head economics on one page
Exit cost Contract ends when headcount does
Day 1
Cost model shared: fees, pass-throughs, FX basis
Week 1
Master agreement through your procurement
Week 2
Hiring or migration starts against budget
Month 1
First invoice lands, itemised to the rupee
Month 2
Close runs with one accrual line for India
Quarter 2
Actuals versus budget reviewed with us

The cost lines a subsidiary adds before its first hire.

Incorporation, company secretary, resident director arrangements, statutory audit, GST and income-tax compliance, payroll software and local accounting each arrive as separate engagements with separate invoices, and none of them produce revenue.

The single-invoice model collapses all of it into the $149 per head fee. Your India cost base becomes salaries plus statutory add-ons plus one number you can negotiate.

Speak to sales
Illustrative annual entity overhead before headcount Cumulative non-payroll running costs across a year
$13,000 Quarter 1
$25,000 Quarter 2
$39,000 Quarter 3
$54,000 Quarter 4
Illustration of typical first-year subsidiary overheads excluding salaries. Actual costs vary with advisors, state of registration and audit scope.
How each model hits the P&L
Subsidiary overhead Fixed, hire or not
Versatile per-head fee Variable with headcount

CFOs rarely object to India on cost. They object to opacity. This structure was designed so that every rupee is visible from your existing systems. Run the comparison on your own numbers in the EOR versus entity calculator before the next budget cycle locks.

What finance controls, and what disappears from its plate.

You keep budget authority and audit visibility. The Indian statutory machinery stops being your department's problem.

You run

  • Headcount budgets and approval gates
  • Compensation bands and increases
  • The single monthly payment to us

We handle

  • INR payroll disbursement to employees
  • Statutory remittances and filings
  • Itemised invoicing in USD
  • Records your auditors can sample

You run
  • Set the budget
  • Approve the bands
  • Pay one invoice
  • Review actuals

We handle
  • Disburse payroll
  • Remit statutory dues
  • Itemise every line
  • Hold the records
  • Absorb FX ops
  • Support audits

When something happens in India, it is ours.
Budget and spend authority Yours, unchanged
Indian employment liabilities Foo Falcon Technologies
Invoice data and audit trail Shared, fully transparent

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

Pass-through with proof

Salaries and statutory contributions are billed at actuals and we show our working: payroll registers and challans reconcile to the invoice line by line. There is no spread hiding in the pass-through.

A forecastable India line

Headcount times salary, plus 13% to 17% statutory, plus $149 each. Your FP&A team can model three years of India in a spreadsheet row, and the model will still be right in month one of year three.

No stranded infrastructure

If strategy changes, there is no subsidiary to unwind, no capital to repatriate and no dormant entity filing returns for years. The arrangement scales to zero as cleanly as it scales up.

Procurement-friendly paper

One master services agreement, standard security and data terms, USD invoicing against a PO if you need it. Legal review typically closes in days because there is nothing exotic to negotiate.

Pass-through with proof

Salaries and statutory contributions are billed at actuals and we show our working: payroll registers and challans reconcile to the invoice line by line. There is no spread hiding in the pass-through.

Trust in a vendor is nice; reconciliation is better.

A forecastable India line

Headcount times salary, plus 13% to 17% statutory, plus $149 each. Your FP&A team can model three years of India in a spreadsheet row, and the model will still be right in month one of year three.

The best cost model is the one that never surprises you.

No stranded infrastructure

If strategy changes, there is no subsidiary to unwind, no capital to repatriate and no dormant entity filing returns for years. The arrangement scales to zero as cleanly as it scales up.

Reversibility has a dollar value; here it is built in.

Moving someone across

If the numbers later favour your own entity.

We will show you the crossover in your own actuals and manage the migration. The team moves onto your subsidiary with balances intact and the invoice simply stops.

Team and compensation Kept
Accrued benefits and gratuity Kept
Statutory compliance in the move Continuous
Reporting gap at close 0 days

A structure change your close calendar never notices.

Supporting evidence

Vendor-diligence the entity behind the invoice.

Invoices come from and employment sits on Foo Falcon Technologies Pvt Ltd, Bengaluru, MCA-registered since 2022. Statutory filings are public, and we provide challan-level evidence for any period your audit samples.

  • 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

Reconciliation-grade documentation, every month, on request.

200

headcount absorbed in one transfer without an invoicing error

33

finance teams that settle India through a single monthly bill

5 days

from offer acceptance to a person on the next invoice

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.

Finance leaders who simplified India to one line.

Controllers and CFOs on what the close felt like once the subsidiary question went away.

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

The complete rate card, as finance reads it.

Two fees govern everything. Pass-throughs are at cost and itemised; nothing else appears on the invoice.

Recruitment

Search fee per successful hire
12% of annual CTC

Junior and mid roles at 12%, senior at 15%, leadership scoped case by case. Billed only once the hire reaches day 90, which keeps your accrual simple.

Get the rate card
  • Fixed percentage, agreed upfront
  • No retainers or exclusivity fees
  • Benchmark data provided free
  • Interview costs absorbed by us
  • Offer negotiation included
  • Day-90 recognition point
  • Free replacement if early exit
  • Onboarding cost included
  • Fixed percentage, agreed upfront
  • No retainers or exclusivity fees
  • Benchmark data provided free
  • Interview costs absorbed by us
Plus four more inclusions
  • Offer negotiation included
  • Day-90 recognition point
  • Free replacement if early exit
  • Onboarding cost included

A contingent fee: no completed hire, no invoice at all.

Employer of Record

Monthly infrastructure fee
$149 /employee/mo

$129 per head applies from the twenty-first employee. Salaries and statutory items are pure pass-throughs at documented actuals.

Request the model
  • USD invoicing, monthly cycle
  • Line-item pass-through detail
  • Payroll register reconciliation
  • Challan evidence available
  • Insurance billed at cost
  • No FX spread on salaries
  • No deposits or minimums
  • Cancellable with notice
  • USD invoicing, monthly cycle
  • Line-item pass-through detail
  • Payroll register reconciliation
  • Challan evidence available
Plus four more inclusions
  • Insurance billed at cost
  • No FX spread on salaries
  • No deposits or minimums
  • Cancellable with notice

The only margin we take, stated in public.

Twenty-one heads and beyond

$149 $129 /employee/mo

The infrastructure fee steps down automatically at scale. Model it as a tiered rate; recruitment percentages are flat at every size.

Inside the monthly fee

  • Payroll processing and disbursement
  • All statutory remittances
  • Insurance administration
  • Employment documentation
  • Leave and attendance data
  • Expense claim processing
  • Compliance evidence trail
  • Finance-facing account manager

Volume pricing

$149 $129 /employee/mo

Tier two pricing of $129 starts at head twenty-one.

Inside the monthly fee

  • Payroll processing and disbursement
  • All statutory remittances
  • Insurance administration
  • Employment documentation
  • Leave and attendance data
  • Expense claim processing
  • Compliance evidence trail
  • Finance-facing account manager

Employer statutory contributions of roughly 13% to 17% on salary pass through at actuals. Validate the three-year picture in the EOR versus entity calculator with your own salary bands.

The questions finance asks before signing.

Invoicing, FX, audit and exit mechanics, answered plainly.

What exactly appears on the monthly invoice?

Gross salaries at actuals per employee, employer statutory contributions itemised by type, insurance at cost where applicable, reimbursements passed through, and the $149 per-head fee. Every line reconciles to payroll registers we can share.

How is FX handled and who carries the risk?

You are billed in USD; we disburse INR to employees and authorities. The conversion basis is stated on each invoice, and because salaries pass through at documented actuals there is no hidden spread for you to audit around.

Does this create a permanent establishment risk for us?

The structure is designed to avoid it: employment, payroll and statutory obligations sit entirely on our Indian entity, and your agreement with us is a services contract. We walk your tax advisors through the structure, and many clients have had it reviewed independently.

How do audits work with an EOR in the chain?

Your auditors treat us as a vendor and can sample invoices against payroll registers, challans and filing acknowledgements we provide. There is no Indian statutory audit on your side because there is no Indian entity on your side.

What are the termination economics if we wind down?

Notice under the master agreement, lawful employee exits we execute, final settlements passed through at cost, and the invoicing stops. There is no unwind project, no stranded capital and no dormant entity obligations trailing for years.

At what point does an owned entity become cheaper?

Broadly when stable headcount pushes total per-head fees past a subsidiary's fixed overhead, often in the twenty to thirty range. We surface the crossover in your quarterly actuals ourselves, because clients who trust the numbers stay longer than clients who suspect them.

Longer reading: Transparent EOR pricing in India · The HR view of this model · EOR against an owned entity

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
Book a call →

You pick the time, we send a Meet link. Any timezone.

See pricing Speak to sales