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PagarBook: The Silent Giant of Indian SMB Finance
How a 595-employee, $156M revenue platform dominates India's payroll market
While Western fintechs chase unicorn valuations, PagarBook quietly commands the Indian SMB payroll market with a staggering $156M in revenue and 412K monthly visits. This is the engine room of India's digital economy, where attendance tracking meets salary management at scale.
"PagarBook isn't building for Silicon Valley—it's building for the 63 million MSMEs in India that power the real economy."
The Invisible Workforce Engine
With 75% of traffic coming directly, PagarBook has achieved what most B2B SaaS companies dream of: true product stickiness. Indian SMB owners aren't discovering PagarBook through SEO—they're returning to it daily. This isn't a platform they evaluate; it's the system that pays their employees. The 412K monthly visits represent thousands of businesses managing payroll, attendance, and compliance without ever needing to see a marketing campaign.
The Revenue Efficiency Play
PagarBook's $156M revenue with 595 employees translates to ~$262K revenue per employee—impressive efficiency for a B2B SaaS company serving SMBs. This isn't a VC-funded growth-at-all-costs story; it's a bootstrapped mindset with enterprise-grade revenue. While competitors burn cash on customer acquisition, PagarBook's 75% direct traffic suggests organic growth through word-of-mouth and network effects within India's fragmented SMB landscape.
The tech stack reveals a modern, performance-optimized platform: Next.js for React framework, Tailwind CSS and Bootstrap for rapid UI development, Cloudflare for CDN and security, plus Priority Hints and Lazy Loading for performance optimization. This isn't legacy software—it's built for speed and scale, critical when handling sensitive payroll data for thousands of businesses.
- Dominates India's SMB payroll with $156M revenue—likely the largest pure-play employee management platform in the region
- 75% direct traffic indicates exceptional product-market fit and user retention in a notoriously high-churn SMB market
- Modern tech stack (Next.js, Tailwind, Cloudflare) ensures scalability and performance for time-sensitive payroll operations
- 595 employees suggest a lean operational model compared to traditional enterprise HR software companies
PagarBook is India's payroll infrastructure—quiet, essential, and quietly profitable.
While Western fintechs debate TAM, PagarBook is already serving it with $156M in revenue and 75% direct traffic. This is what real product-market fit looks like in emerging markets.
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PagarBook
Employee Attendance and Salary Management platform in India
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About web.pagarbook.com
Employee Attendance and Salary Management platform in India
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Technology Stack
web.pagarbook.com uses 6 technologies across their website including Cloudflare, Lazy Loading, Priority Hints, Bootstrap, Tailwind CSS, and more.
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Cloudflare
Performance
Lazy Loading, Priority Hints
CSS Frameworks
Bootstrap, Tailwind CSS
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Next.js
Traffic & Audience
web.pagarbook.com receives approximately 412.5K monthly visitors. The website has a bounce rate of 29% with visitors viewing an average of 10.7 pages per visit. Users spend an average of 6:16 on the site.
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