When was Relyon founded?

Relyon was founded in 2000 and raised its 1st funding round 9 years after it was founded.

Where is Relyon located?

Relyon is headquartered in India. It is registered at Shreelekha Complex, Floor II No. 73, Basaveshwaranagar 2nd Stage, BANGALORE, Karnataka, India, 560086.

Who is the current CEO of Relyon?

Hudugur Subba Rao Nagendra of Relyon. They have also founded 2 companies.

Which legal entities is Relyon associated with?

Relyon is associated with RELYON SOFTECH LIMITED.

How many employees does Relyon have?

As of Aug 31, 2025, the latest employee count at Relyon is 533.

Is Relyon a funded company?

Relyon is a funded company, having raised a total of $***** in its 1st and only funding round, a Angel round on Mar 20, 2009.

How much is Relyon worth?

The latest valuation of Relyon is ₹***** as of Mar 20, 2009.

When was the latest funding round of Relyon?

Relyon's latest funding was a $***** Angel round on Mar 20, 2009, with participation from 1 investor.

What is the annual revenue of Relyon?

Annual revenue of Relyon is between ₹50 Cr and ₹100 Cr as on Mar 31, 2025

Where does Relyon rank among its competitors?

Relyon ranks 22nd amongst 439 active competitors, of which 33 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Prosperr, which secured $4M in Dec, 2025.

Who are the top competitors of Relyon?

Relyon's top competitors include Liberty Tax, India Fillings and Clear. Among them, Prosperr secured the most recent funding round in December, 2025.

Relyon - 2026 Company Profile, Team, Funding, Competitors & Financials

Relyon is a seed company based in India, founded in 2000 by Hudugur Subba Rao Nagendra and Nitin Shamji Patel. It operates as a Developer of software for tax filing payroll and accounting management. Relyon has raised an undisclosed amount in funding, with a current valuation of ₹*****. The company has 439 active competitors, including 33 funded and 9 that have exited. Its top competitors include companies like Liberty Tax, India Fillings and Clear.

Company Details

Developer of software for tax filing payroll and accounting management. These applications facilitate the automation of financial tasks including income tax compliance, payroll processing, and inventory tracking. The software tools assist in generating statutory reports, managing employee attendance, and maintaining financial records for business operations. Users access these digital platforms to perform regulatory filings and organize day-to-day accounting activities.

Website: relyonsoft.com
Social
Email ID: *****@relyonsoft.com
Phone Number: +91 **********
Registered Address: Shreelekha Complex, Floor II No. 73, Basaveshwaranagar 2nd Stage, BANGALORE, Karnataka, India, 560086

Key Metrics

Founded Year

2000

Location

India

Stage

Seed

Latest Funding Round

Angel, Mar 20, 2009, $*****

Post Money Valuation

₹***** as on Mar 20, 2009

Investors

Ramji A Patel & 2 more

Ranked

22^nd among 439 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2025

Employee Count

533 as on Aug 31, 2025

Similar Companies

Clear & 407 more

View Relyon's full profile

Relyon is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
RELYON SOFTECH LIMITED CIN: U72200KA2000PLC027572 , India, Active	Aug 04, 2000	₹50 - ₹100 Cr (As on Mar 31, 2025)	533 (As on Aug 31, 2025)

Relyon has raised funding over 1 round. Its latest funding round was a Angel round on Mar 20, 2009 for $*****. 1 investor participated in its latest round. Relyon has 1 institutional investor and 2 angel investors.

Here is the list of recent funding rounds of Relyon:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 20, 2009	9652003	Angel	4837659	3997054	7205779	2177771

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View details of Relyon's funding rounds and investors

The founders of Relyon are Hudugur Subba Rao Nagendra and Nitin Shamji Patel. Hudugur Subba Rao Nagendra is the CEO of Relyon.

Here are the details of Relyon's key team members:

Hudugur Subba Rao Nagendra: Co-Founder & CEO of Relyon and founder of 2 other companies, Saral GST and Saral Accounts. They serve on the board of 1 company.
Contact Info: 1 phone number
Nitin Shamji Patel: Co-Founder of Relyon and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 phone number

View details of Relyon's Founder profiles and Board Members

Relyon's employee count trend

Relyon has 533 employees as of Aug 25. The total employee count is 3.0% more than what it was in Aug 24. Here is Relyon's employee count trend over the years:

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Top competitors of Relyon include Liberty Tax, India Fillings and Clear. Here is the list of Top 10 competitors of Relyon, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Liberty Tax 1997, Virginia Beach (United States), Acquired	Tax management services for businesses	$14M	Edison Partners, Vintage Capital Management ... & 2 others	72/100
2nd	India Fillings 2014, Chennai (India), Series A	Provider of a business registration, compliance, and taxation platform	$7.27M	ICICI Bank, Beenext & 20 others	71/100
3rd	Clear 2011, Bengaluru (India), Series C	Provider of software for tax compliance and financial process automation	$146M	Elevation Capital, FundersClub & 28 others	71/100
4th	ClearTax 2011, Bengaluru (India), Unfunded	AI-powered platform offering income tax filing, GST compliance, invoicing, tax planning, and financial solutions	-	-	68/100
5th	Taxfix 2016, Berlin (Germany), Series D	Provider of application for completing and submitting tax returns	$330M	Valar Ventures, Creandum & 8 others	64/100
6th	JJ Tax 2019, Gurugram (India), Seed	Provider of an app-based platform for taxation services	$1.52M	Hrishita Investment Advisory, Methods Apparel Consultancy ... & 76 others	61/100
7th	Thriday 2019, Melbourne (Australia), Acquired	Provider of banking, invoicing, accounting, and tax management platform	$9M	National Australia Bank, Lempriere Wells & 1 others	59/100
8th	Prosperr 2022, Bengaluru (India), Seed	Provider of tax compliance, planning, and income tax preparation services	$6.5M	Jungle Ventures, Panthera Peak & 25 others	59/100
9th	Taxfyle 2015, Miami (United States), Series B	Online tax filing services for individuals and businesses	$35M	Fuel Venture Capital, IDC Ventures & 5 others	57/100
10th	Sphere 2021, San Francisco (United States), Series A	Online platform offering leadership training	$25.3M	Felicis Ventures, Andreessen Horowitz & 2 others	54/100
22nd	Relyon 2000, India, Seed	Developer of software for tax filing payroll and accounting management	-	-	43/100

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Founders own 31.73%, Funds own 3.08%, Angels own 1.88% and Other People (largest shareholder) own 63.33%. The net worth of Relyon's founders is INR 1.36Cr as of Mar 20, 2009.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	31.73%	1.36Cr	4003633	6024738	6978870	5217006
Nitin Shamji Patel	1331799	8115412	8874473	3330293	9274436	6299432
Hudugur Subba Rao Nagendra	19	19	28	83	89	82
Fund	3.08%	13.2L	400	337	148	555
Angel	1.88%	8.04L	4	3	5	6
Ramji A Patel	0	0	0	0	0	0
Other People	63.33%	2.71Cr	7446521	5949239	1682630	3451993
Total	100.00%	4.28Cr	1583907	7839986	6770191	9208218