Top 30+ SaaS Companies In India: A Comprehensive List [2024]

Paras Kela

Senior Writer

SaaS Companies in India

India’s SaaS industry has witnessed rapid growth in recent years. The Software as a Service (SaaS) industry in India is gearing up for an extraordinary  growth and innovation in 2024. SaaS industry is expected to grow at a rapid CAGR value of 18.7% by 2030

Looking for SaaS Management Software? Check out SoftwareSuggest’s list of the best SaaS Management Software solutions.

This remarkable growth can be attributed to the success of SaaS companies in India, which have been performing exceptionally well.

software suggest top 10 company logo
Expert Advice

The Indian SaaS industry has great potential to grow and innovate, thanks to its talented workforce and friendly environment. With the right investments in technology and infrastructure, we can expect to see many more successful Indian SaaS companies emerging in the near future

 

In this blog, we will present a curated list of the top 35 best SaaS companies in India– ranging from established players like Zoho and Freshworks to newly launched startups like Chargebee and Druva.

But before we dive into the list, let’s first understand what SaaS companies are.

What Are SaaS Companies?

SaaS stands for “Software as a Service“. SaaS companies are businesses that provide software applications through the internet, which can be accessed and used by customers remotely.

What Are SaaS Companies?

Unlike traditional software, where you need to purchase a license and install it on your computer, with SaaS, you can access the software using your web browser or mobile device.

Here are two points that differentiate SaaS companies from traditional IT companies:

  • SaaS companies provide almost all types of software applications for businesses and consumers, such as project management software, CRM software, accounting software, and more.
  • SaaS companies typically charge a recurring subscription fee based on the number of users or usage (pay-as-you-go). This pricing model makes their services more affordable– specifically for small businesses and startups.

Overall, SaaS companies offer a convenient and cost-effective way for businesses and individuals to access the necessary software. Additionally, these companies free companies and individuals from the hassle of maintaining software infrastructure.

List of Top 35 SaaS Companies In India

After conducting our analysis, we have identified the top SaaS companies in India for 2024. In this section, we will explore their services and solutions, their founders, and their revenue for FY 2023-2024.

1. Keka

Keka logo

Keka

4.7 out of 5 stars

140 Reviews

Keka is a prominent player among B2B SaaS companies in India that offers cloud-based HR management software solutions. Its customizable HR software helps businesses streamline their HR tasks, such as payroll processing, performance appraisals, and leave management. 

Keka’s software prioritizes user-friendliness and ease of use, besides including reporting and analytics tools that provide valuable insights into HR operations.

Keka Founder/s: Vijay Yalamanchili

Founding Year: Keka was founded in 2015.

Expertise: Keka specializes in simplifying HR tasks and improving employee engagement through its HR management software solutions.

2. Druva

Druva logo

Druva

Although relatively new, Druva has established itself as a key player among top B2B SaaS companies in India, offering cloud data protection and management solutions

The platform provides businesses with a comprehensive solution for data protection, backup, and recovery across endpoints, data centers, as well as cloud applications.

Moreover, Druva’s software is highly scalable and user-friendly, with a focus on providing businesses with fast and reliable data protection.

Druva Founder/s: Jaspreet Singh, Milind Borate, and Ramani Kothandaraman.

Founding Year: Druva was founded in 2008.

Expertise: Druva specializes in providing businesses with a comprehensive cloud data protection and management solution.

3. Postman

Postman logo

Postman

4.2 out of 5 stars

6 Reviews

Postman is among the top-tier SaaS companies in India, particularly when it comes to serving B2B customers that offer a platform for API development and collaboration. Its platform provides businesses with the tools they need to design, develop, test, and document APIs more efficiently.

Postman’s software is designed to be highly customizable and easy to use, allowing developers and businesses of all sizes to work together more effectively.

Postman Founder/s: Abhinav Asthana, Ankit Sobti, and Abhijit Kane.

Founding Year: Postman was founded in 2014.

Expertise: Postman specializes in providing businesses with a highly customizable platform for API development and collaboration.

4. Zenoti

Zenoti logo

Zenoti

4.3 out of 5 stars

3 Reviews

Zenoti is one of the fastest-growing SaaS companies in India that offers a platform for the spa, salon, and fitness industry. Its cloud-based software suite includes solutions for appointment scheduling, marketing, billing, and customer engagement.

Zenoti’s software is designed to help businesses in the spa, salon, and fitness industry streamline their operations, improve customer experience, and increase revenue.

Zenoti Founder/s: Sudheer Koneru and Saritha Katikaneni.

Founding Year: Zenoti was founded in 2010. 

Expertise: Zenoti provides cloud-based software for spas, salons, and fitness businesses that streamline operations, enhance customer experience, and boost revenue.

5. Zoho

In the realm of SaaS companies in India, Zoho stands out as a major player in the B2B sector. It is a privately-held Indian SaaS company that offers a suite of web-based business tools and information technology solutions for businesses.

Their services include customer relationship management (CRM), email hosting, accounting software, project management tools, and integrations with other popular business tools.

Zoho Founder/s: Sridhar Vembu, Tony Thomas, and Sreenivas Kanumuru.

Founding Year: Zoho was founded in 1996.

Expertise: Zoho specializes in web-based business tools and IT solutions for businesses of all sizes.

6. Highradius

HighRadius logo

HighRadius

As far as SaaS companies in India go, Highradius is one of the most successful in the B2B space that provides intelligent order-to-cash software solutions for large enterprises.

Highradius software automates and streamlines various processes involved in order-to-cash, including credit, collections, deductions, and cash application. Besides, its AI-driven solutions improve the overall efficiency and accuracy of order-to-cash operations.

Highradius Founder/s: Sashi Narahari.

Founding Year: Highradius was founded in 2006.

Expertise: Highradius specializes in order-to-cash software solutions for large enterprises, with a focus on using AI-driven technology.

7. Freshworks

Freshworks is one of the fastest-growing SaaS companies in India that offers customer engagement software solutions. Its cloud-based software suite includes solutions for customer support, sales, marketing, and customer success.

Freshworks’ software is easy to use and highly customizable, providing businesses of all sizes with the tools they need to engage with their customers effectively.

Freshworks Founder/s: Girish Mathrubootham and Shan Krishnasamy.

Founding Year: Freshworks was founded in 2010.

Expertise: Freshworks specializes in providing business solutions that help companies engage with their customers effectively across multiple channels.

8. Chargebee

Chargebee logo

Chargebee

Chargebee is one of the fastest-growing SaaS companies in India that offers subscription management and recurring billing software solutions for businesses.

Their software is designed to help businesses manage various aspects of subscription billing, including pricing, invoicing, and revenue recognition. Besides, Chargebee’s software also includes tools for managing customer relationships and improving customer retention.

Chargebee Founder/s: Rajaraman Santhanam, Saravanan KP, Thiyagarajan Thiyagu, and Krish Subramanian

Founding Year: Chargebee was founded in 2011.

Expertise: Chargebee specializes in subscription management and recurring billing software solutions for businesses.

9. Innovaccer

Innovaccer logo

Innovaccer

Innovaccer is a healthcare-focused and one of the top SaaS-based companies in India that provide data management and analytics software solutions for healthcare organizations.

The platform is designed to help healthcare providers manage and analyze large volumes of patient data, with a focus on reducing healthcare costs. Moreover, Innovaccer’s solutions include population health management tools, patient engagement tools, and data integration and interoperability solutions.

Innovaccer Founder/s: Abhinav Shashank, Kanav Hasija, and Sandeep Gupta.

Founding Year: Innovaccer was founded in 2014.

Expertise: Innovaccer specializes in healthcare data management and analytics software solutions.

10. BrowserStack

BrowserStack logo

BrowserStack

5 out of 5 stars

1 Reviews

The 10th name on our list of “Top Indian SaaS Companies in India” is BrowserStack. BrowserStack is a cloud-based SaaS company that provides a web and mobile testing platform for developers and testers.

Their technology platform enables developers and testers to test their web and mobile applications on a wide range of devices and browsers, including real devices and simulators. In addition, BrowserStack’s platform also includes tools for debugging and improving application performance.

BrowserStack Founder/s: Nakul Aggarwal and Ritesh Arora.

Founding Year: BrowserStack was founded in 2011.

Expertise: BrowserStack specializes in web and mobile testing platforms for developers and testers.

11. CallHippo

Callhippo logo

Callhippo

4.8 out of 5 stars

65 Reviews

CallHippo is a top Indian SaaS-based company and, in fact, one of the most successful SaaS startups that offers a cloud-based phone system for businesses to manage their communication needs.

With features such as call forwarding, IVR, and call analytics, this VoIP solution helps businesses streamline communication and improve customer experience. Their customizable software can be integrated with other business tools and allows businesses to manage phone numbers from over 190 countries.

Founder/s:  Ankit Dudhwewala

Founding Year: CallHippo was founded in 2016.

Expertise: CallHippo specializes in cloud-based phone systems for businesses, with a focus on improving customer communication and experience.

12. Facilio

Facilio logo

Facilio

Facilio has established itself as a key player among India’s B2B SaaS companies that offer facilities management software solutions for commercial real estate properties.

The solution helps businesses streamline their facilities management operations, including maintenance, asset management, and tenant experience. With an AI-powered analytics engine, Facilio’s software provides real-time insights and predictive maintenance capabilities for its clients.

Facilio Founder/s: Prabhu Ramachandran, Krishnamoorthi Rangasamy.

Founding Year: Facilio was founded in 2017

Expertise: Facilio offers AI-powered facilities management software for commercial real estate owners and operators.

13. CleverTap

CleverTap logo

CleverTap

The 13th name on our list of “Top Indian SaaS Companies in 2023” is CleverTap. This SaaS-based company offers a mobile marketing and analytics platform for businesses. Their software is designed to help businesses engage with their mobile app users and improve retention rates.

With features such as customer segmentation, A/B testing, and push notifications, CleverTap’s software provides valuable insights and personalized communication for its clients.

CleverTap Founder/s: Sunil Thomas, Anand Jain, and Suresh Kondamudi.

Founding Year: CleverTap was founded in 2013.

Expertise: CleverTap specializes in mobile marketing and analytics platforms for businesses.

14. Dukaan

Dukaan is among the top SaaS companies in India, particularly in the B2B space. The company offers an e-commerce platform for businesses to create their online store.

Using their solutions, businesses can create their online store in minutes without any coding experience. With features such as order management, payment integration, and product catalog, Dukaan’s software provides a hassle-free solution for businesses to sell online.

Dukaan Founder/s: Suumit Shah and Subhash Choudhary.

Founding Year: Dukaan was founded in 2020.

Expertise: Dukaan specializes in e-commerce platform solutions for businesses.

15. Agile CRM

Agile CRM is one of the top-tier SaaS companies in India that offers customer relationship management software solutions for businesses.

This platform empowers businesses to better manage their customer interactions and improve customer engagement. With features such as contact management, marketing automation, and social media integration, Agile CRM software provides a comprehensive solution for businesses to manage their customer relationships.

Agile CRM Founder/s: Manohar Chapalamadugu.

Founding Year: Agile CRM was founded in 2013.

Expertise: Agile CRM specializes in customer relationship management software solutions for businesses.

16. Whatfix

Whatfix logo

Whatfix

5 out of 5 stars

2 Reviews

Whatfix is another leading SaaS-based company in India that provides a Digital Adoption Platform (DAP). The solution helps businesses improve their user onboarding and product adoption processes.

In addition, by providing contextualized guidance, interactive walkthroughs, and personalized training, Whatfix helps companies reduce time to proficiency, improve user productivity, and drive higher user engagement.

Whatfix Founder/s: Khadim Batti and Vara Kumar.

Founding Year: Whatfix was founded in 2014.

Expertise: Whatfix specializes in providing a Digital Adoption Platform to help businesses enhance user onboarding and product adoption processes.

17. Wipro

Wipro logo

Wipro

5 out of 5 stars

1 Reviews

Wipro is unquestionably one of the top Indian SaaS companies that offer a range of IT services, including SaaS-based solutions. Their SaaS offerings include Wipro Holmes, an artificial intelligence and automation platform, and Wipro VirtuaDesk.

Wipro’s SaaS solutions are designed to help businesses improve efficiency, reduce costs, and enhance customer experience.

Wipro Founder/s: M.H. Hasham Premji.

Founding Year: Wipro was founded in 1945.

Expertise: Wipro specializes in IT services, including SaaS-based solutions such as AI and automation platforms and virtual desktop infrastructure solutions.

18. Mindtree (LTIMindeTree)

Mindtree logo

Mindtree

Mindtree, now known as LTIMindeTree, is a global technology consulting and services company that offers a range of SaaS-based solutions. Their SaaS offerings include data analytics solutions, digital marketing solutions, and cloud-based applications. 

Mindtree’s SaaS solutions are designed to help businesses improve efficiency, enhance customer experience, and drive growth.

Mindtree Founder/s: Subroto Bagchi, Ashok Soota, Krishnakumar Natarajan, Anjan Lahiri

Founding Year: Mindtree was founded in 1999.

Expertise: Mindtree specializes in technology consulting and services, including solutions such as data analytics, digital marketing, and cloud-based applications.

19. TCS

Tata Consultancy Services (TCS) is a global IT services, consulting, and business solutions organization that offers a range of SaaS-based solutions.

This leading SaaS company in India offers SaaS solutions, including cloud-based platforms for data management, CRM, and ERP. TCS’s SaaS solutions are designed to help businesses streamline operations, improve productivity, and enhance customer experience.

TCS Founder/s: Faquir Chand Kohli and J.R.D. Tata.

Founding Year: TCS was founded in 1968.

Expertise: TCS specializes in IT services, consulting, and business solutions.

20. Infosys

Infosys is another tech giant and one of the best SaaS companies in India that offers a range of SaaS-based solutions as well as consulting and technology services.

Some of their key SaaS offerings include cloud-based platforms for enterprise resource planning (ERP), CRM, and supply chain management. It is worth noting that Infosys’s SaaS solutions are designed to help businesses amplify productivity, optimize operations, and ensure success.

Infosys Founder/s: N.R. Narayana Murthy, Nandan M. Nilekani, S. Gopalakrishnan, S.D. Shibulal, K. Dinesh, N.S. Raghavan, and Ashok Arora.

Founding Year: Infosys was founded in 1981.

Expertise: Infosys specializes in consulting and technology services, including ERP, CRM, and supply chain management solutions.

21. Tech Mahindra

Tech Mahindra is a leading Indian multinational technology company that offers a wide range of digital transformation and IT services to businesses across various industries.

As a part of its offerings, Tech Mahindra provides enterprise-level SaaS solutions that are designed to help organizations manage their operations more efficiently and effectively. Their key SaaS offerings include solutions for customer relationship management, HR management, supply chain management, and more.

Tech Mahindra Founder/s: Anand Mahindra.

Founding Year: Tech Mahindra was founded in 1986.

Expertise: Tech Mahindra specializes in digital transformation and IT services, with a focus on providing enterprise-level SaaS solutions.

22. HCL Technologies

HCL Technologies is another prominent player among B2B SaaS companies in India that offers a wide range of technology solutions to businesses across various industries.

HCL designs and provides various SaaS solutions, including ERP, customer relationship management, supply chain management solutions, and more. Leveraging their SaaS solutions, organizations can improve their operational efficiency and productivity.

HCL Founder/s: Shiv Nadar.

Founding Year: HCL Technologies was founded in 1991.

Expertise: HCL Technologies specializes in IT services and consulting.

23. Cognizant

Cognizant has established itself as a key player among Indian SaaS companies, offering digital, technology, consulting, and operations services to businesses across various industries.

Some of the popular SaaS solutions of Cognizant include human resources management, customer relationship management, supply chain management, and more. Their SaaS solutions empower businesses to manage their operations more efficiently and effectively.

Cognizant Founder/s: Kumar Mahadeva and Francisco D’Souza.

Founding Year: Cognizant was founded in 1994.

Expertise: Cognizant specializes in digital, technology, consulting, and operations services.

24. Mphasis

Mphasis is one of the leading SaaS-based companies in India that provides a wide range of technology solutions to businesses across various industries.

A few of the most popular SaaS solutions of Mphasis include HRMS, customer relationship management, supply chain management, and more. Leveraging their SaaS solutions, organizations can improve their operational efficiency and productivity.

Mphasis Founder/s: Jerry Rao and Jeroen Tas.

Founding Year: Mphasis was founded in 2000.

Expertise: Mphasis specializes in IT services, with a focus on providing SaaS solutions to help organizations improve their operational efficiency and productivity.

25. LeadSquared

LeadSquared logo

LeadSquared

4.3 out of 5 stars

9 Reviews

LeadSquared is a leading Indian SaaS-based company that offers customer acquisition and engagement solutions to businesses across various industries. 

LeadSquared’s platform enables organizations to generate more leads, automate their sales processes, and improve customer engagement. Their software also includes reporting and analytics tools that provide actionable insights into customer journeys and sales performance.

LeadSquared Founder/s: Nilesh Patel, Prashant Singh, and Sudhakar Gorti.

Founding Year: LeadSquared was founded in 2011.

Expertise: LeadSquared specializes in customer acquisition and engagement solutions.

26. Kayako

Kayako logo

Kayako

4.7 out of 5 stars

7 Reviews

Kayako stands 26th on our list of “Top 35 Indian SaaS companies in India”. It is a B2B SaaS-based customer service software company that offers a help desk and live chat software solution. Their software is designed to help businesses of all sizes manage and streamline their customer support operations.

With features like ticket management, team collaboration, and customer insights, Kayako’s software aims to improve customer satisfaction and increase agent productivity.

Kayako Founder/s: Varun Shoor.

Founding Year: Kayako was founded in 2001.

Expertise: Kayako specializes in providing customer service software solutions for businesses, with a focus on delivering a personalized customer experience.

27. IBSFintech

IBSFINtech logo

IBSFINtech

IBSFintech is among the established players in the realm of SaaS companies in India that provides end-to-end software solutions for the banking and financial services industry. Their software is designed to help banking organizations with functions such as lending, risk management, and digital banking. 

Not to mention, IBSFintech’s software is highly customizable and configurable, enabling companies to meet the specific needs of their clients.

IBSFintech Founder/s: Chandra Mohan Grover.

Founding Year: IBSFintech was founded in 2006.

Expertise: IBSFintech specializes in providing software solutions for the banking and financial services industry.

28. Visual Website Optimiser (VWO)

VWO logo

Visual Website Optimiser (VWO)

4.7 out of 5 stars

4 Reviews

The 28th name on our list of “Top SaaS companies in India” is– VWO. VWO– Visual Website Optimiser offers a suite of tools for website optimization and conversion rate optimization.

Their solutions help businesses increase website conversions by offering tools such as A/B testing, heatmaps, and user recordings. Additionally, VWO’s user-friendly software enables businesses to enhance their website’s performance by making data-driven decisions.

VWO Founder/s: Paras Chopra.

Founding Year: VWO was founded in 2009.

Expertise: VWO specializes in website optimization and conversion rate optimization software solutions for businesses.

29. HackerRank

HackerRank logo

HackerRank

4.5 out of 5 stars

2 Reviews

HackerRank is a B2B SaaS-based company that offers a developer skills platform designed to help businesses hire the best tech talent. Their software includes tools such as skills assessments, coding challenges, and video interviews.

HackerRank’s platform helps businesses make data-driven decisions in their hiring process while ensuring an inclusive tech workforce and reducing bias in hiring.

HackerRank Founder/s: Vivek Ravisankar and Hari Karunanidhi.

Founding Year: HackerRank was founded in 2012.

Expertise: HackerRank specializes in providing a developer skills platform for businesses.

30. Kissflow

Kissflow logo

Kissflow

4.6 out of 5 stars

7 Reviews

Kissflow is one of the fastest-growing SaaS-based companies in India that allows business users to create powerful apps, processes, or case boards that are natively integrated and flexible. 

Their customizable software is designed to help businesses automate and streamline their workflows, including processes such as HR onboarding, purchase requests, and vendor management.

Kissflow Founder/s: Suresh Sambandam.

Founding Year: Kissflow was founded in 2012.

Expertise: Kissflow specializes in workflow automation software solutions for businesses.

31. VTION

VTION logo

VTION

VTION is among the top B2B SaaS companies in India that empower advertisers and marketers with end-to-end data of single-source app behavior.

This all-in-one consumer intelligence platform allows brands and businesses to confidently deliver a higher ROI on their digital spending in a privacy-first world.

By using this platform, companies can access detailed behavioral insights, gather intelligence on their most pressing questions, and find audiences that perform.

VTION Founder/s: Manoj Dawane.

Founding Year: VTION was founded in 2016.

Expertise: VTION offers a consumer intelligence platform that empowers brands to deliver a higher ROI on their digital spending.

32. Mindtickle

MindTickle logo

MindTickle

The next name on our list of SaaS companies in India is Mindtickle. The company provides sales management and readiness software solutions for businesses.

Their solutions are designed to help businesses train, engage, and motivate their sales and marketing teams. Moreover, it also provides analytics and insights to optimize sales performance.

Mindtickle Founders: Krishna Depura, Mohit Garg, Nishant Mungali, and Deepak Diwakar.

Founding Year: Mindtickle was founded in 2011.

Expertise: Mindtickle specializes in providing sales readiness and enablement software solutions for businesses

33. Hippo Video

Hippo Video logo

Hippo Video

Hippo Video is an Indian SaaS-based company that provides a video engagement platform for businesses. The software is intended to assist businesses in producing, modifying, and distributing videos to interact with customers and workers.

By providing video hosting, video analytics, and video personalization features, Hippo Video’s software can enhance customer engagement, sales, and employee training for businesses.

Hippo Video Founder/s: Karthi Mariappan, Nilam Chand Jain, and Srinivasan Krishnasamy.

Founding Year: Hippo Video was founded in 2016.

Expertise: Hippo Video specializes in providing a video engagement platform for businesses.

34. Talview

Talview logo

Talview

5 out of 5 stars

1 Reviews

Talview is an Indian SaaS-based company that provides an AI-powered digital hiring and proctoring platform for businesses. The tool assists businesses in producing, modifying, and distributing videos to interact with customers and workers. 

Moreover, by providing video hosting, video analytics, and video personalization features, Hippo Video’s software enhances customer engagement, sales, and employee training for businesses.

Talview Founder/s: Sanjoe Tom Jose.

Founding Year: Talview was founded in 2017.

Expertise: Talview specializes in providing an AI-powered digital hiring and proctoring platform for businesses.

35. CloudCherry

CloudCherry logo

CloudCherry

4.2 out of 5 stars

5 Reviews

CloudCherry is one of the leading Indian SaaS enterprises that offers customer experience management software solutions for businesses. Their customizable software helps businesses measure and analyze customer feedback across various touchpoints. 

In addition, CloudCherry’s software also includes tools for sentiment analysis, predictive analytics, and customer journey mapping.

CloudCherry Founder/s: Vijay R Lakshmanan, Vinod Muthukrishnan, Prem K Viswanath, and Nagendra CL.

Founding Year: CloudCherry was founded in 2013.

Expertise: CloudCherry specializes in customer experience management software solutions for businesses.

Conclusion

The past decade has been really good for Indian SaaS companies, as they have achieved significant success even in this cut-throat industry. Not only does the past look promising, but the future also seems bright. It is estimated that by 2026, SaaS companies in India will generate revenue of over $116 billion. Therefore, if you are planning to join this bandwagon of the SaaS industry, this is indeed a good time!

Frequently Asked Questions

SaaS stands for Software as a Service. It is a model of software delivery in which the software is provided over the internet, rather than being installed on users' computers.

Indian SaaS companies have a reputation for offering high-quality software solutions at competitive prices. Additionally, many of these companies have a strong focus on customer service and support.

To choose the right SaaS company for your needs, consider factors such as the features you require, your budget, and the customer support you expect, among other factors.

Some examples of Indian SaaS companies include Freshworks, Zoho, Chargebee, CallHippo, Clevertap, and Kissflow.

Yes, most of the top Indian SaaS companies take security very seriously and have robust security measures to protect their customers' data. However, it's always a good idea to research a company's security practices before choosing their solutions.

Google News
subscribe image
Let’s Stay in Touch

Subscribe to our newsletter & never miss our latest news and promotions.

people subscribed+21K people have already subscribed 
Related Articles
sitemap
Share This