Zimyo, unified human capital management, Zimyo operates in the technological industry, revolutionizing human resource operations. Due to the new automation processes, traditionally strenuous HR activities like checking for payroll errors are almost eliminated. Thus, organizations find all the tools they need for effective employee lifecycle management, from onboarding to offboarding, with digital products.
Furthermore, businesses can now engage and retain their desired talents using its products. Ultimately, this results in a highly motivated workforce and a workplace that encourages productivity. The diverse range of products offered by the company does all this and more.
Additionally, it has entered the embedded finance segment from the HR tech space. This includes offering employee benefits, tax-saving solutions, insurance covers, personal loans, payout and advance salary options, retirement plans, and financial assessments.
The company serves more than 500 organizations with 100,000+ active users with an interface and structure that encourage user convenience. These innovations have resulted in the company receiving more than a 4.7/5 rating across various review platforms from its users. Consequently, the company gained recognition by G2 as a “high performer” in the HRMS, payroll, and time and attendance software categories, earning a total of seven accolades.
Founded by Kumar Mayank and Ajay Kadyan in 2018, Zimyo was pioneered to overcome many of the stagnations plaguing HR departments across Indian industries. Kumar Mayank specifically targeted the SaaS market in India to mitigate the routine hassles that HR departments face with payroll and other matters.
An IIM-Lucknow alumnus, he gathered these skills thanks to working in the financial services industry. His impressive work experience includes working as a product manager at ING Vysya Bank and Janalakshmi Financial Services. He was also the AVP at Equitas Small Finance Bank, where he played a crucial role in launching ‘FASTag’ for the Small Finance Bank, the new flagship payment product of NPCI for Electronic Toll Collection (ETC). These experiences stem from Kumar Mayank’s flair for networking and socializing.
On the other hand, Ajay Kadyan, as a co-founder, paid greater attention to company growth. His repertoire includes 10 years of experience in product development, system architecture, and data analytics. Ajay worked with multiple organizations in his early career days, including AuthBridge Research Services.
During this time, he established a name for himself in tech, data, and product management. All of this allowed him to make significant contributions to the company’s prosperity and success. Presently, he strives to make the company the foremost player in the HR tech space. His vision is to create business environments that improve employee experiences, drive higher engagement, and build a differentiating human capital advantage.
The company started off as a joint venture of two friends who operated from a garage office. The founders were motivated by mounting debt and a vision to innovate. Kumar Mayank, from the start, realized that employees did not usually get “formal credit” (banks were unwilling to give them loans).
Kumar analyzed this gap and endeavored to create a way to remedy the situation. This is how the company’s journey started. They began an innovation drive that merged FinTech with HRTech from an employee-first perspective.
This is how the company founders describe their goals and ambitions:
“To the world, we are just an HR Tech company. However, for the organizations, we are more: We are their ‘go-to’ partner for HR and Payroll management; we are financial services providers, employee engagement drivers, and performance management buddies to them. In an employee’s world, we are much more – We are a company that gives them loans when no one does, their financial planners who help them save for their retirement, the insurance providers who fight for their family to settle claims (even if they are here no more).
We believe that every employee deserves financial freedom and access to credit is their fundamental right; we are giving them financial freedom on the go with our advance salary and personal loan options. We are taking care of their medical expenses through our insurance product and helping them plan for their future.
Employees take good care of the organizations that care about them, their growth, well-being, and families. And with our employee benefits services, we want employees to start believing that their organizations care for them, as we want the employers to show they do. We want to help organizations build great places to work where their employees can thrive, so they can serve their customers and become great businesses themselves.”
With his experience, Kumar brought expertise in FinTech and leadership management across various domains, including technology, processes, operations, and business, into the company. Whereas Ajay, working with many tech giants, amassed technological and functional knowledge.
The company provides cloud-based HR solutions to businesses of all sizes. It offers comprehensive, innovative HR solutions – Payroll and Expense Management, Performance Management System, Employee Engagement, Employee Benefits, Time and Attendance, and Onboarding and Recruitment solutions.
Some industries include BFSI, FMCG, IT/ITES, Logistics Healthcare, and Manufacturing. Some of the company’s prominent clients include Bajaj Capital, TVF, iMocha, YouWeCan, Apollo, Finvest, Vyapar, Hillson Shoes, 88 Pictures, RiskCovry, Monnet Ispat and Energy Limited, and many others.
The company’s stellar performance was recognized twice by G2 as a “High Performer” in the HRMS, Payroll, and Time & Attendance Software categories.
What support do you need from the public and customers?
“The reason why we left our cushy jobs was that we had to do something about the challenges that we faced as employees. Challenges that we knew only technology could resolve. As we were well-versed in the challenges that employees or organizations face in carrying out their day-to-day activities, we knew what we had to bring to the table.
And we are incredibly delighted to share that we have successfully built a product that is impacting so many lives. We strive hard to ensure that the solutions we deliver offer some value to our users. We only need our customers or the general public to share good words about us. To try our solutions and reap the benefits of automation in HR.
We need them to believe us and keep believing us because we are working hard to match the excellence, they expect from us. We are working towards resolving all the issues organizations face while managing their employees or employees face while working in an organization.”
Message to your customers and viewers:
“First and foremost, we would like to thank all our customers who placed their trust in us and gave us and our solutions a chance to transform their HR function. Their support gave us the confidence to expand our horizons in the international market.
When we receive those client emails filled with gratitude, that is when we realize how far we have come and how far we have to go. This is just the beginning; we know we have a long way to go, but we make sure that every effort counts. Since Zimyo’s inception, we have focused on delivering value to our customers, and we will continue to do so.
Our customers are not just customers, they are our partners, and their growth is our growth. And with our products and services, we are trying to contribute a little bit to their growth by helping them automate one of their time-consuming and resource-consuming tasks administration.”
