In the fast-evolving world of business, having a reliable Human Resource Management System (HRMS) is crucial for efficiency, compliance, and growth. Startups and MSMEs in India need more than just basic payroll software—they require comprehensive solutions that are scalable, cost-effective, and tailored to their unique workforce needs.
This guide highlights the top HRMS software options available in India for 2025, with a detailed comparison of TankhaPay, Keka, and greytHR.
What is an HRMS?
An HRMS (Human Resource Management System) is a software platform that automates and streamlines core HR functions like payroll processing, attendance tracking, onboarding, compliance, and performance management.
For startups and MSMEs, an effective HRMS is more than a tool—it’s a strategic asset that helps reduce administrative overhead, ensure compliance with Indian labor laws, and improve employee experience.
Benefits of HRMS for Startups and MSMEs
- Automated Processes: Eliminate manual errors and save time on repetitive tasks.
- Regulatory Compliance: Stay updated with EPFO, ESIC, TDS, and labor law mandates.
- Self-Service Tools: Empower employees to manage their leave, payslips, and documents.
- Centralized Data Management: Securely store and access employee information.
- Business Scalability: Use features that grow with your team.
Top HRMS Platforms in India (2025)
1. TankhaPay – A Hybrid HRMS + Service Solution
Overview: TankhaPay is built for the Indian informal and semi-formal workforce, making it ideal for MSMEs, startups, and gig-based employers. It blends HR tech with expert-managed services, covering everything from payroll to compliance and staffing.
Top Features:
- Complete payroll automation
- Real-time salary disbursement
- ESIC, EPFO, and labor law compliance
- Employee onboarding and KYC
- Contractor and gig workforce support
Why TankhaPay Stands Out:
- Offers both software and expert service
- Highly suited for MSMEs with diverse workforce needs
- Affordable, flexible pricing
Best For: Startups, small businesses, and companies managing blue-collar or gig workers.
2. Keka – Sleek and Scalable HR Tech
Overview: Keka provides a modern HRMS solution that’s known for its user-friendly interface and modular architecture. Ideal for tech-savvy startups looking to digitize HR functions.
Top Features:
- Payroll and expense automation
- Attendance and leave tracking
- Recruitment tools and onboarding
- Performance reviews and goal tracking
Why Choose Keka:
- Modern, intuitive interface
- Great for performance management
Best For: Growing startups and mid-sized organizations.
3. greytHR – Compliance-Centric HR Software
Overview: greytHR is one of India’s most trusted HRMS solutions, with a focus on robust compliance features and reliable payroll processing.
Top Features:
- Statutory compliance (EPF, ESIC, etc.)
- Employee database and document storage
- Payroll and tax management
- Lifecycle and exit processes
Why greytHR is Reliable:
- Proven track record
- Strong legal and tax compliance features
Best For: SMEs and businesses prioritizing accuracy and legal alignment.
Quick Comparison Table
| Feature | TankhaPay | Keka | greytHR |
|---|---|---|---|
| Payroll Automation | ? | ? | ? |
| Compliance Support | ? High | ?? Moderate | ? High |
| Self-Service Tools | ? | ? | ? |
| Informal Workforce Focus | ? Strong | ?? Limited | ?? Limited |
| User Interface | ? Practical | ? Modern | ?? Traditional |
| Staffing Services | ? Included | ? Not Available | ? Not Available |
Choosing the Right HRMS
To find the right HRMS for your business:
- Assess your current team size and future growth
- Understand your legal compliance needs
- Evaluate your budget and ROI expectations
- Consider whether you need services for informal/gig workforce
- Check the availability of support and training
Final Thoughts
All three platforms—TankhaPay, Keka, and greytHR—bring something unique to the table:
- TankhaPay is perfect for those needing full HR support, especially for gig and informal workers.
- Keka is great for growing companies that want sleek tech and solid performance tools.
- greytHR fits businesses that want proven compliance and payroll reliability.
Conclusion
For startups and MSMEs in India, the best HRMS software is the one that aligns with their specific operational, legal, and team needs. TankhaPay’s hybrid model—combining technology with hands-on HR and compliance support—makes it an excellent choice for businesses aiming for simplicity, compliance, and scalability.
Explore TankhaPay today and simplify your HR and payroll operations with ease.
