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Core Integra aims to achieve Rs 500 crore revenue by end of fiscal year


MUMBAI: Core Integra, a labour law compliances and HR practices, on Wednesday, announced targeting a revenue of Rs 500 crore by the end of the current fiscal year. The company has a current operating revenue of Rs 330 crore.

Core Integra is bullish on the rapid digitalisation initiatives in the labour law compliance domain under the ‘ease of doing business’ strategy of the Government, hence anticipates higher adoption across industries for Ctrl F, a platform for labour law compliances in India.

In order to further strengthen its position pan India, the company plans to increase its presence in at least 3 new cities every quarter in FY 2023. Core Integra is headquartered in Mumbai with branch offices at Pune, Bengaluru, Chennai, Hyderabad, Kolkata and Delhi.

Ctrl F by Core Integra is a comprehensive reg-tech platform and a single point for the industry when it comes to Acts, Laws, and Compliances, whether it be for knowledge or execution or governance. This is suited for organisations, from startups to large corporates. The Company aims to grow its clientele by 300% YoY and cross the 1000-client mark this year.

Ctrl F supports seamless integration with third party tools, HCM suite, Accounting ERP and is enabled with future technologies like Robotic Process Automation (RPA) and Artificial Intelligence (AI) solutions. The SaaS-based plug-and-play tool gives free access to 40,000 pages of the Indian labour laws, 1000+ Laws and Acts, 10,000+ compliances, 20000+ legal updates, 1000+ formats including 150+ bi-lingual formats and more. The platform optimises productivity by reducing 500 – 600 man-hours per annum for a mid-sized corporate in terms of compliance efforts & provides at least 30% reduction in the cost of compliance execution.

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Mahesh Krishnamoorthy, Managing Director of Core Integra, said in a statement, “It has been an exciting journey for Ctrl F in the Indian markets and with the Government focussing on simplifying compliances, we expect it to scale robustly in the years to come. Our priority is to increase CtrlF penetration in domestic markets to fulfil the fast-growing demand, for which numerous initiatives are in the works.”

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