Segment – Infrastructure B2B segment; Cloud-based platform for HRMS suite.
About
Company is founded in 2017 at bengaluru, karnataka by IIM graduate Devendra Khandegar, Kredily is a free cloud- based HR & Payroll software in India. Manage employee data, leaves, track attendance & automate payroll.
Key Features of Kredily – Attendance management, loan & avances management, HR & payroll, taxation management, leave management, time and attendance management, statutory compliances, data security, dashboard, integration with biometric, events & reminders.
Company has raised a total of $2.6M in funding over 4 rounds. their latest funding was raised on Sep 1, 2022 from a Seed round. Kredily is funded by 6 investors. Peaceful Progress and HEM ANGELS are the most recent investors.
Key staff
Devendra Khandegar (Founder & CEO) – he has a financial background, he was previously worked with tracxnlabs as a head investment, Worked as a Board Director in Jasdan Wind Energy (Oct 2013 – Sep 2016), worked as a board director in Ushdev Power Holdings Pvt. Ltd (Oct 2013 – Sep 2016), also worked as an Associate Vice President in GVFL Ltd. (Jul 2011 – Sep 2016). Completed MBA in finance from IIM, lucknow, Bachelor of Technology in Electrical Engineering http://www.linkedin.com/in/dkhandegar/
Philosophy/key insight
Top Five Recruitment process strategies for business growth. The recruitment process is a critical function within HRM that significantly influences an organization’s success. It ensures the acquisition of talented individuals who can contribute to organizational goals, enhance performance, and shape the organizational culture, Organizations can attract and select the right talent by adopting effective recruitment strategies, resulting in improved productivity, reduced turnover, and a sustainable competitive advantage. https://kredily.com/hrm/recruitment-process/
Empowering employees through Enhanced control and Autonomy with Human Resource Management System. Human Resource Management System (HRMS) self- service solutions play a crucial role in empowering employees and maximizing efficiency in today’s fast- paced business world. These systems provide employees with greater control over their HR- related tasks, allowing them to update personal information, submit leave requests, access pay stubs, and enroll in training programs conveniently.
Implementing HRMS tools can lead to significant cost savings for organizations by reducing administrative expenses, printing costs, and minimizing errors. Accurate HR records facilitated by HRMS solutions contribute to regulatory compliance and mitigate risks. https://kredily.com/hrm/human-resource-management-system/
Online Attendance System: what every business owner needs to know?
Key features of an attendance systems include GPS- based time tracking self-service portal, user-friendly interface, and reports generation, For employers, the system enables better staff management, increased productivity, easier compliance with labour laws, and improved recruitment and retention.
Implementing an attendance system involves selecting the right system for your business, setting it up, and providing employee training. When choosing the right attendance system, considers its features, cost support, and integration options with other tools. https://kredily.com//online-attendance-system-must-know-facts/
Media
Title: The trend of Quiet Quitting Job in Company: why do people leave without resigning? May 4 2023.https://kredily.com/news/quitting-job/
A “quiet quitting job” refers to an employee leaving their job without giving any formal notice or resignation letter, essentially disappearing without informing their employer. This behaviour can be frustrating and disconcerting for employers, as they are left with questions and no closure, To make a responsible decision about quitting a job, individuals are advised to get to the root of the problem causing their frustrations or stress. They should consider their goals and what success in their field looks before deciding whether to quit without giving a resignation letter.
HR tech startup Kredily raises $750,000 in funding led by Fosun RZ Capital. Media platform name: peoplematters.in , Date: Jun 21, 2019.https://www.peoplematters.in/news/funding-investment/hr-tech-startup-kredily-raises-750000-in-funding-led-by-fosun-rz-capital-22090
Kredily raised $750,000 in a seed funding round led by Fosun RZ capital, with participation from Delhivery co-founder Mohit Tandin & Avinash Anand, former Vice President of Engineering at Zenefits, Kredily service platform manages employee data, attendance and leave tracking, automated monthly payroll, and generates salary slips while ensuring compliance with statutory requirements.
Prepared by – Jayesh Baviskar, July 2023
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