Mantra Softech India Pvt Ltd Acknowledged as a Key HR Software Provider by APPS RUN THE WORLD in the HCM Top 500 Market Report

Mantra Softech India Pvt Ltd Strengths, Domain Expertise, and Key Differentiators

Mantra Softech, an India-based company, has emerged as a key player in the biometric technology sector. With a strong focus on fingerprint sensors and authentication solutions, Mantra Softech has positioned itself as a trusted provider to various government-owned companies and institutions.

Mantra Softech India Pvt Ltd Recent Developments

Mantra Softech has been at the forefront of innovation in the biometric technology space. Since 2021, the company has introduced fingerprint scanners compatible with Windows Biometric Framework (WBF) and Windows Hello, enabling seamless biometric log-in experiences. These advancements have garnered significant attention from industry experts and customers alike. The company's revenue growth and profit data indicate a positive trajectory, fueled by its expanding customer base and strong product portfolio.

Mantra Softech India Pvt Ltd Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Mantra Softech India Pvt Ltd applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Mantra Softech India Pvt Ltd and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified IRIS, customers.

Mantra Softech India Pvt Ltd Overview

Ownership: - x

Number of Employees: 350

Functional Market: Time and Attendance,

Key Verticals: K12, Higher Education, Federal Government, State and Local Government, Public Safety,

Mantra Softech India Pvt Ltd Key Cloud and HCM Applications

IRIS,

Mantra Softech India Pvt Ltd HCM and Cloud HCM Applications Revenues, $M:

Type/Year	2022	2023	YoY Growth, %
Total Revenues, $M	Subscribe	Subscribe	Subscribe
HCM Applications Revenues, $M	Subscribe	Subscribe	Subscribe

* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Mantra Softech India Pvt Ltd Revenue Breakdown by Type:

Type	License	Services	Hardware	S&M	SaaS	PaaS	IaaS	Other	Total
% of Total Revenues	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	100%
Revenues, $M	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe

Mantra Softech India Pvt Ltd HCM Applications Revenues By Sub-Functional Markets, $M:

	Split by Sub-Functional Markets	% of HCM Revenue in the HR Segment	2023 HCM Revenues, By HR Segment, $M
Core HR and Performance Management	Benefits Administration	Subscribe	Subscribe
	Compliance	Subscribe	Subscribe
	Core HR and Personnel Management	Subscribe	Subscribe
	Payroll	Subscribe	Subscribe
	Pension Administration	Subscribe	Subscribe
	Compensation Management	Subscribe	Subscribe
	Learning and Development	Subscribe	Subscribe
	Performance and Goal Management	Subscribe	Subscribe
	Succession and Leadership Planning	Subscribe	Subscribe
Talent Acquisition	Applicant Tracking Systems	Subscribe	Subscribe
	Contingent Labor Management	Subscribe	Subscribe
	Candidate Relationship Management	Subscribe	Subscribe
	Onboarding	Subscribe	Subscribe
	Recruiting	Subscribe	Subscribe
	Sourcing	Subscribe	Subscribe
Workforce Management	Absence and Leave Management	Subscribe	Subscribe
	Fatigue Management	Subscribe	Subscribe
	Task Management	Subscribe	Subscribe
	Time and Attendance	Subscribe	Subscribe
	Time Clock (Hardware)	Subscribe	Subscribe
	Workforce Scheduling	Subscribe	Subscribe
	Workforce Analytics	Subscribe	Subscribe

Mantra Softech India Pvt Ltd HCM Applications Revenues By Verticals, $M:

Split by Verticals	% of Total Revenues	2023 HCM Apps Revenues, By Verticals, $M
Aerospace and Defense	Subscribe	Subscribe
Automotive	Subscribe	Subscribe
Banking and Financial Services	Subscribe	Subscribe
Communication	Subscribe	Subscribe
Construction and Real Estate	Subscribe	Subscribe
Consumer Packaged Goods	Subscribe	Subscribe
Distribution	Subscribe	Subscribe
Education	Subscribe	Subscribe
Government	Subscribe	Subscribe
Healthcare	Subscribe	Subscribe
Insurance	Subscribe	Subscribe
Leisure and Hospitality	Subscribe	Subscribe
Life Sciences	Subscribe	Subscribe
Manufacturing	Subscribe	Subscribe
Media	Subscribe	Subscribe
Non Profit	Subscribe	Subscribe
Oil, Gas and Chemicals	Subscribe	Subscribe
Professional Services	Subscribe	Subscribe
Retail	Subscribe	Subscribe
Transportation	Subscribe	Subscribe
Utilites	Subscribe	Subscribe
Total	Subscribe	Subscribe

Mantra Softech India Pvt Ltd Total and HCM Applications Revenues by Region:

Region	% of Total Revenues	2023 Total Revenues, $M	2023 HCM Applications Revenues, $M
Americas	Subscribe	Subscribe	Subscribe
EMEA	Subscribe	Subscribe	Subscribe
APAC	Subscribe	Subscribe	Subscribe
Total	Subscribe	Subscribe	Subscribe

Mantra Softech India Pvt Ltd Direct vs Indirect sales

Region	Direct Sales	Indirect Sales	Total
Type %	Subscribe	Subscribe	Subscribe
Revenues, $M	Subscribe	Subscribe	Subscribe

Mantra Softech India Pvt Ltd Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Mantra Softech India Pvt Ltd Customers

No. of Mantra Softech India Pvt Ltd Customers: 400

No. of Mantra Softech India Pvt Ltd HCM Applications Customers: x

No. of Mantra Softech India Pvt Ltd Cloud HCM Customers: x

No. of Mantra Softech India Pvt Ltd Cloud HCM Subscribers: x

Mantra Softech boasts a diverse customer base, including government-owned companies and private institutions. Notable customers include Bank of Maharashtra, Kalupur Commercial Bank, Ahmedabad District Co-Op Bank, and Cadila Healthcare, among others. The company's fingerprint sensors have been instrumental in tracking attendance in government schools and facilitating efficient operations in fair price shops.

With a strong presence in India, Mantra Softech is also expanding its customer base across Africa and Middle Eastern countries.

Mantra Softech India Pvt Ltd Market Opportunities, M&A and Geo Expansions

The market opportunities for Mantra Softech lie on both horizontal and vertical levels. As the demand for secure and reliable biometric solutions continues to grow, the company can capitalize on expanding its presence in new regions. Additionally, the transition to online education due to the Covid-19 pandemic presents an opportunity for Mantra Softech to adapt its solutions to meet the evolving needs of educational institutions and drive sales growth.

Mantra Softech India Pvt Ltd Risks and Challenges

Mantra Softech faces certain risks in its business operations. The company's heavy reliance on government schools as its primary customer segment poses a challenge during periods of disrupted in-person education, such as the Covid-19 pandemic. However, the diversification of its customer base, both within India and internationally, helps mitigate this risk to some extent. Go-to-market challenges, such as increasing competition and the need to continuously innovate, also pose risks to the company's growth trajectory.

Mantra Softech India Pvt Ltd Ecosystem, Partners, Resellers and SI

Mantra Softech predominantly engages in direct sales with channel programs to drive its business growth. In recognition of its excellence, Mantra Softech India has achieved the prestigious status of being a Microsoft-certified Embedded business partner. This partnership has been forged specifically in relation to its groundbreaking Bionic solution, a biometric system incorporating GPRS technology. By aligning with Microsoft, Mantra Softech reinforces its commitment to delivering cutting-edge biometric solutions that seamlessly integrate with industry-leading platforms.

Mantra Softech India Pvt Ltd Cloud Platform (PaaS) and Infrastructure (IaaS) Details

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Mantra Softech India Pvt Ltd Public Cloud and Infrastructure (IaaS)
Mantra Softech India Pvt Ltd Platform (PaaS)
Mantra Softech India Pvt Ltd Application Delivery
Mantra Softech India Pvt Ltd Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link:

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