Profile 01The Founder
A story about

Kayrilo.

Thirty years on the Indian shop floor. The reason Kayrilo exists — and the only person on our team who's filed a paper Form 25 by hand.

In his words
“I'd done payroll for 2,000-worker factories with nothing but a paper muster and a calculator. By the time wages were right, the next month was already in deficit. There had to be a better way.”
Krishna Iyer
1996
2026
  • 30 years
  • 14 states
  • 600+ companies
  • 1 obsession
The story

How Krishna spent
three decades
fixing payroll
the hard way.

Coimbatore · Surat · Veraval · Ludhiana

In 1996, Krishna walked into his first textile mill in Coimbatore as a 23-year-old accountant. They handed him a paper register, eight hundred names, and three weeks to figure out who was owed what. He filed his first Form 25 by hand that February.

Over the next three decades, he did it again and again. Coimbatore looms, Veraval trawlers, Ludhiana forging units, Surat textile clusters, Pune press lines — 600+ Indian businesses, fourteen states, every shape of wage cycle the country has ever known. He has filed PF challans by post and EPFO ECRs by FTP. He has explained the Contract Labour Act to magistrates and tindels in the same week.

He knew what worked. He knew what didn't. He knew that every plant in India was running the same nine spreadsheets — but every plant thought their spreadsheets were unique. By 2022, he had built and rebuilt the same payroll for 600 companies. Every time, from scratch.

He met Aditi and Karthik over a Saturday morning chai in Vadodara in early 2023. They had built payments rails, hospital HRMS, insurance underwriting platforms — they understood software. He understood the shop floor. Within two hours they had a plan: encode the patterns once, ship them to every plant in India. That conversation became Kayrilo.

Companies he's filed for

Six hundred,
and counting.

Some are still on Kayrilo. Some retired their factories. Some are now competitors. What every one of them has in common is a copy of Krishna's Form 25 — filed, signed, sealed, on time.
Banyan WorksBHARAT STEELWORKSCoromandel FisheriesVeraval MarineAnchor TextilesIndus Auto ForgeKosha SeafoodsSaraswati LoomsTAMILNADU TANNERIESSahyadri Cold StoresMANGALURU MARINEKonkan Co-operativeBanyan WorksBHARAT STEELWORKSCoromandel FisheriesVeraval MarineAnchor TextilesIndus Auto ForgeKosha SeafoodsSaraswati LoomsTAMILNADU TANNERIESSahyadri Cold StoresMANGALURU MARINEKonkan Co-operative
Banyan WorksBHARAT STEELWORKSCoromandel FisheriesVeraval MarineAnchor TextilesIndus Auto ForgeKosha SeafoodsSaraswati LoomsTAMILNADU TANNERIESSahyadri Cold StoresMANGALURU MARINEKonkan Co-operativeBanyan WorksBHARAT STEELWORKSCoromandel FisheriesVeraval MarineAnchor TextilesIndus Auto ForgeKosha SeafoodsSaraswati LoomsTAMILNADU TANNERIESSahyadri Cold StoresMANGALURU MARINEKonkan Co-operative
TextilesForgingFisheriesCold storageTanneries
Engineered by

Built with
Daynt.

Daynt is a Bengaluru-based product firm. For a decade they've shipped consumer-grade software across health, insurance, banking and D2C — each running at India scale.

They came to Indian payroll for the first time at Kayrilo, bringing what they learned at every product before.

Banking2019–22

Real-time payments rails

The interbank settlement layer behind a tier-1 Indian neobank.

₹40,000 Crdaily volume · 38 banks live
Healthcare2016–20

HRMS for hospitals

Unified attendance, payroll and rota for a pan-India hospital network.

22 Lakhemployees · 1,200 facilities
Insurance2020–23

Core policy admin

Underwriting + claims platform for a listed insurance startup.

₹38,000 Crmkt cap at IPO · 2024
D2C / Martech2021–24

Marketing automation

Real-time segmentation & journey orchestration for a top D2C beauty brand.

60M+events / day · 18L DAU
12 products shipped · a decade together
See the full portfolio at daynt.com
6.2 Lakh
workers on payroll
Across 18 states
1,180+
plants & jetties
From Veraval to Vizag
₹4,200 Cr
wages disbursed
In FY 2025–26
99.98%
on-time payouts
Across all cycles
What we believe

Four ideas that
shape every release.

We hire, build and decide trade-offs by these. They're the framework we use when the answer isn't obvious.
01

The worker is the customer.

Every feature has to pass one test: does it make payday faster, clearer or more dignified for the person earning the wage?

02

Go to the gate.

Our team spends a week each quarter at a customer site — a paint shop in Pune, a trawler at 4am in Veraval. We design from what we see.

03

Compliance is a feature, not a fence.

We encode every state notification, every Factories Act register, every CLRA form ourselves — so the inspector and the founder both leave satisfied.

04

Boring on payday.

Salaries should land at 9am with no drama. We obsess over reconciliation, fallbacks and audit trails so payday is the most uneventful day of the month.

Backed by

Operators who've
walked the floor.

Our investors include the founders of three Indian manufacturing groups and two of the country's largest fishing cooperatives.

Banyan CapitalLOTUS VENTURESSaffron FundIndus PartnersMarigold StudiosKARMA ANGELSEASTPOINTTessera GrowthBanyan CapitalLOTUS VENTURESSaffron FundIndus PartnersMarigold StudiosKARMA ANGELSEASTPOINTTessera Growth
Where we work from

Close to the
work, always.

Hubs in Bengaluru and Vijayawada, with field teams across India. No remote-only engineers — every person on the team has stood on a factory floor in the last quarter.

Head office
Bengaluru
HQ
HQ
Engineering
Bengaluru
Ops
Vijayawada
Field & customers
India
Pan-India
Build with us

We're hiring people
who've seen a shift change.

Engineering, compliance, customer success, field ops. Most roles in Bengaluru, Vijayawada, or field across India.