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Kolkata: The four new labour codes have been welcomed by India Inc and going by the trend a large number of new-age companies are going to adopt it sooner than later, when the government finally notifies them. Mumbai-based Core Integra is a technology-focused company that specialises in HR solutions for client companies and help them in labour law compliance, payroll outsourcing, talent acquisition and similar services. As a part of its preparation for this new age HR requirements, the company has submitted a Draft Red Herring Prospectus with Sebi to mobilise at least Rs 3.5 crore.
The size of the issue is yet to be finalised. However, the DHRP has said that the issue will certainly comprise a fresh issue of up to 35,00,000 equity shares with a face value of Rs 10 each. However, the actual size of the issue will be decided a bit later. The offering will be a 100% book-built issue, the company has said. Investors will soon get to know the issue details. The IPO will list on SNE Emerge.
Core Integra has also reported steady financial performance marked by a revenue growth of 10.75% CAGR. The revenue stood at Rs 405 crores in FY25 and the company is hopeful of moving past the Rs 500 crore mark in FY26.
According to the company, India’s HR and compliance services industry was valued at Rs 232,000 crore in FY25 and compliance outsourcing was among the fastest-growing categories. The upcoming labour codes are only expected to accelerate this shift, pushing businesses to adopt structured, tech-enabled systems that ensure accuracy, transparency, and risk mitigation, thinks the company. In order to boost reach, Core Integra will open 10 offices in the country in the next three years.
The company's main offering is a proprietary software Ctrl F. Its user base is more than 500 entities and 7000 enterprise users in 24 industries, the company has said. Ctrl F offers an ERP-based software tool to help stakeholders comply with Indian labour laws. "The multi-tenant, cloud-based, webbased, and mobile Compliance SAAS solution keeps track of all compliances and has recently added advanced workflows using Robotic Process Automation (RPA) for automating labour Compliance," the company has said. According to the company, workforce regulation, payroll structures, documentation standards, statutory compliance and manpower management -- everything and more are performed on platforms such a Ctrl-F (compliance) and Corex (HRMS).
The company was set up in 2009. Core Integra claims to be among the few players offering an end-to-end suite that covers labour law. The SaaS-based labour law compliance platform, along with CoreX (HRMS), Core Pay, and Core-PFT are designed to replace manual, paper-heavy tasks with real-time, auditable digital workflows. he company is also building the next era of automation and through subsidiary firm Core Integra Global Services, it is investing in cloud-native SaaS tools, robotic process automation, and AI-driven solutions that address the evolving compliance landscape.
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