Param.ai
 | |
| Company type | Private |
|---|---|
| Industry | Information Technology |
| Founded | September 21, 2017 |
| Founder | |
| Headquarters | Hyderabad, Telangana, India |
Key people | |
| Products | AI-based recruitment software, Applicant Tracking System, Recruiting CRM |
| Revenue | ₹ 6.08 crore (2020) |
Number of employees | 13 (2025) |
| Parent | FactEye Tech Labs Private Limited |
| Website | param |
Param.ai, operating under the legal entity FactEye Tech Labs Private Limited, is an Indian technology company headquartered in Hyderabad, Telangana. Founded in 2017, it provides AI-based recruitment software designed to automate hiring processes such as resume screening, candidate matching, and analytics. The platform serves businesses seeking to streamline recruitment through data-driven predictions and applicant tracking system integration. With a focus on enhancing hiring efficiency, Param.ai competes in the global recruitment software market, which includes over 2,380 competitors. The company has raised $457,000 in funding and reported a revenue of ₹6.08 crore in 2020. As of 2025, Param.ai employs 13 people and continues to develop its AI-driven solutions for enterprise clients.[1][2]
Founders & Leadership
- Hari Krishna Morthala (CEO): Co-founder and CEO of Param.ai, Morthala previously co-founded Stockroom.io, where he served as CEO. He holds a degree in engineering and has extensive experience in technology startups, focusing on product development and business strategy.[3]
- Ashish Kumar Sahoo (CTO): Co-founder and CTO, Sahoo also co-founded Stockroom.io and Tidyhire. With a background in computer science, he leads the technical development of Param.ai’s AI-driven recruitment platform.[4]
- Naren Krishna: A co-founder, Krishna has founded multiple ventures, including Hacker in Her, Stockroom.io, Equiv, and Jellybean. His expertise lies in entrepreneurship and scaling technology businesses.[5]
- Naren Krishna Madhurakavi: A co-founder, Madhurakavi contributes to strategic planning and business development.[6]
- Gyanendra Singh: A director, Singh supports corporate governance and strategic initiatives.[7]
- Satya Darshan: A director, Darshan is involved in operational management.[8]
Origin & Founding Story
Param.ai was founded in 2017 in Hyderabad, India, by Ashish Kumar Sahoo, Hari Krishna Morthala, Naren Krishna, and Naren Krishna Madhurakavi. The idea emerged from their shared vision to leverage AI to address inefficiencies in corporate hiring processes. Drawing from their experience in technology and entrepreneurship, the founders aimed to create a platform that automates repetitive tasks like resume screening and candidate retargeting. Initially launched under FactEye Tech Labs Private Limited, Param.ai gained traction with its predictive intelligence tools, securing seed funding in 2017. The company focused on integrating AI with applicant tracking systems to serve enterprises globally.[9]
Timeline
| Year | Milestone |
|---|---|
| 2017 | FactEye Tech Labs Private Limited incorporated on 21 September. Param.ai launched as an AI-based recruitment platform.[10] |
| 2017 | Raised $457,000 in seed funding from Core Financials LLC and Ashish Vidyarthi.[11] |
| 2019 | Reported net worth of founders at ₹5.18 crore.[12] |
| 2020 | Recorded revenue of ₹6.08 crore and total expenditure of ₹25.41 crore.[13] |
| 2022 | Filed balance sheet with the Ministry of Corporate Affairs on 31 March.[14] |
Funding
| Date | Round | Amount | Investors |
|---|---|---|---|
| December 2017 | Seed | $457,000 | Core Financials LLC, Ashish Vidyarthi, Asian E-Commerce Alliance, T-Hub, others[15][16] |
Business Model
Param.ai operates a B2B model, offering AI-driven recruitment software to enterprises. The company generates revenue through subscription-based licensing of its platform, which includes features like applicant tracking system, candidate retargeting, and business analytics. Its primary customer segments are corporate human resources departments and recruitment agencies seeking to automate hiring processes. The platform integrates with existing applicant tracking systems, enabling businesses to streamline resume screening and candidate engagement. Param.ai also offers custom solutions for large enterprises, with pricing based on user seats and feature sets.[17][18]
Products / Services
- Applicant Tracking System (ATS): Automates resume screening, candidate ranking, and job posting management using AI algorithms.[19]
- Recruiting CRM: Facilitates candidate engagement, retargeting, and customer relationship management for recruiters.[20]
- Analytics Suite: Provides data-driven insights for hiring decisions, including candidate fit and recruitment funnel metrics.[21]
Growth & Metrics
As of 2025, Param.ai employs 13 people and serves clients in the IT and enterprise sectors. The company reported a revenue of ₹6.08 crore in 2020, with a valuation of $1.74 million in 2019. Its EBITDA was -₹19.33 crore, reflecting high operational costs. Param.ai ranks 45th among 1,867 active competitors in the recruitment software market. The platform has not disclosed user base metrics, but its client base includes enterprises seeking scalable hiring solutions.[22][23]
Legal Entity Information
| Parameter | Details |
|---|---|
| Legal Name | FactEye Tech Labs Private Limited |
| Foundation Date | 21 September 2017 |
| Registrar of Companies (ROC) | ROC-Hyderabad |
| Corporate Identification Number (CIN) | U74999TG2017PTC119682 |
| Registered Address | Plot No. 53, 54 and 56, Serilingampally, Gachibowli, Rangareddi, Telangana, India |
| Email ID | hari@param.ai |
| Company Status | Active |
| Directors | Ashish Kumar Sahoo, Hari Krishna Morthala, Gyanendra Singh, Satya Darshan |
| Authorized Share Capital | ₹1,000,000 |
| Paid-up Capital | ₹790,900 |
Media & Public Recognition
- 2017: Featured in IndianWeb2 for launching an AI-powered recruitment platform.[26]
- 2017: Covered by BW Businessworld for securing seed funding.[27]
- 2020: Recognized by IndiaAI for its contributions to AI-driven recruitment solutions.[28]
- 2024: Listed among top AI companies in India by Mukul Consultants.[29]
FAQs
- What is Param.ai’s primary product?
- Param.ai offers an AI-based recruitment platform that automates tasks like resume screening, candidate matching, and business analytics.[30]
- When was Param.ai founded?
- Param.ai was founded on 21 September 2017 under FactEye Tech Labs Private Limited.[31]
- Who are the founders of Param.ai?
- The founders are Ashish Kumar Sahoo, Hari Krishna Morthala, Naren Krishna, and Naren Krishna Madhurakavi.[32]
- What is Param.ai’s valuation?
- Param.ai was valued at $1.74 million in 2019.[33]
External Links
Related Startups
References
- ↑ "Param - Company Profile". Tracxn. Retrieved 2 June 2025.
- ↑ "Param.ai - Crunchbase Company Profile". Crunchbase. Retrieved 2 June 2025.
- ↑ "Param.ai - Crunchbase Company Profile". Crunchbase. Retrieved 2 June 2025.
- ↑ "Param - Company Profile". Tracxn. Retrieved 2 June 2025.
- ↑ "Param - Company Profile". Tracxn. Retrieved 2 June 2025.
- ↑ "Param - Company Profile". Tracxn. Retrieved 2 June 2025.
- ↑ "FACTEYE TECH LABS PRIVATE LIMITED". Insider Biz. Retrieved 2 June 2025.
- ↑ "Facteye Tech Labs Private Limited - Param". Best Data Provider. Retrieved 2 June 2025.
- ↑ "Stellar Software Technologies Launches a Recruitment Platform 'Param.ai' Powered by Analytics and AI". IndianWeb2. 27 June 2017. Retrieved 2 June 2025.
- ↑ "FACTEYE TECH LABS PRIVATE LIMITED". Zauba Corp. Retrieved 2 June 2025.
- ↑ "Param.ai Raises Seed Funding from Core Financials LLC and National Award Winner Actor Ashish Vidyarthi". BW Businessworld. 6 December 2017. Retrieved 2 June 2025.
- ↑ "Param - Company Profile". Tracxn. Retrieved 2 June 2025.
- ↑ "FactEye Techlabs Pvt. Ltd. Company Profile Information". Edge Insights. Retrieved 2 June 2025.
- ↑ "FACTEYE TECH LABS PRIVATE LIMITED". Zauba Corp. Retrieved 2 June 2025.
- ↑ "Param.ai Raises Seed Funding from Core Financials LLC and National Award Winner Actor Ashish Vidyarthi". BW Businessworld. 6 December 2017. Retrieved 2 June 2025.
- ↑ "Param.ai - Crunchbase Company Profile". Crunchbase. Retrieved 2 June 2025.
- ↑ "Param.ai". Param.ai. Retrieved 2 June 2025.
- ↑ "Param". IndiaAI. Retrieved 2 June 2025.
- ↑ "Param.ai". Param.ai. Retrieved 2 June 2025.
- ↑ "Param". IndiaAI. Retrieved 2 June 2025.
- ↑ "FactEye Techlabs Pvt. Ltd. Company Profile Information". Edge Insights. Retrieved 2 June 2025.
- ↑ "Param - Company Profile". Tracxn. Retrieved 2 June 2025.
- ↑ "Param.ai 2025 Company Profile". PitchBook. Retrieved 2 June 2025.
- ↑ "FACTEYE TECH LABS PRIVATE LIMITED". Zauba Corp. Retrieved 2 June 2025.
- ↑ "FACTEYE TECH LABS PRIVATE LIMITED". Insider Biz. Retrieved 2 June 2025.
- ↑ "Stellar Software Technologies Launches a Recruitment Platform 'Param.ai' Powered by Analytics and AI". IndianWeb2. 27 June 2017. Retrieved 2 June 2025.
- ↑ "Param.ai Raises Seed Funding from Core Financials LLC and National Award Winner Actor Ashish Vidyarthi". BW Businessworld. 6 December 2017. Retrieved 2 June 2025.
- ↑ "Param". IndiaAI. Retrieved 2 June 2025.
- ↑ "List of 87 Top AI Companies in India 2025". Mukul Consultants. Retrieved 2 June 2025.
- ↑ "Param.ai". Param.ai. Retrieved 2 June 2025.
- ↑ "FACTEYE TECH LABS PRIVATE LIMITED". Zauba Corp. Retrieved 2 June 2025.
- ↑ "Param - Company Profile". Tracxn. Retrieved 2 June 2025.
- ↑ "Param - Company Profile". Tracxn. Retrieved 2 June 2025.