Core Integra aims for Rs 500 crore revenue in FY23-24

Mumbai: Labour law compliance and HR practices company, Core Integra aims for Rs 500 crore revenue 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 digitisation initiatives in the labour law compliance domain under the ease of doing business strategy of the government and hence anticipates higher adoption across industries for Ctrl F – a comprehensive labour law compliance platform in India.

The Ctrl F platform has a user base of 300 clients across 28 industries and more than 10,000 enterprise users. In order to further strengthen its position in pan India, the company plans to increase its presence in at least 3 new cities every quarter in FY 2023.

The Mumbai headquarters company has branch offices in Pune, Bengaluru, Chennai, Hyderabad, Kolkata and Delhi. It has an exclusive Technology Development Centre in Solapur, Maharashtra.

Ctrl F by Core Integra, a SaaS-based Reg-Tech platform is a single point for the industry when it comes to acts, laws, and compliances. From startups to large corporates – the platform serves all sizes of organisations.

It optimizes productivity by reducing 500 – 600 man-hours per annum for a mid-sized corporate, in terms of compliance efforts and provides at least a 30% reduction in the cost of compliance execution.

“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,” said Mahesh Krishnamoorthy, MD of Core Integra.

“Our priority is to increase CtrlF penetration in domestic markets to fulfil the fast-growing demand, for which numerous initiatives are in the works. Ctrl F is the first Reg Tech platform to have its complete IT Development Centre in a tier 3 city,” added Krishnamoorthy.

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