greytHR and Zimyo appeal to a similar buyer: a company that wants payroll and compliance handled reliably without an enterprise price tag. Greytip Software, the company behind greytHR, was founded in Bengaluru in 1994 and launched the cloud-based greytHR product in 2011. Zimyo is newer, founded in Gurugram in 2018, and has grown quickly with a broader all-in-one feature set at a lower per-employee price point.
The real question for most buyers here is not which platform is “better” in the abstract, it’s whether you value greytHR’s deeper compliance track record or Zimyo’s broader feature set at a lower cost, a decision worth making carefully within the broader HR software market rather than on price alone.
greytHR vs Zimyo at a Glance
| Factor | greytHR | Zimyo |
|---|---|---|
| Starting price | ₹2,495/month for up to 50 employees (Essential plan), plus ₹45/employee beyond | ₹80/employee/month (Basic), scaling to ₹120 (Standard) and ₹160 (Enterprise) per employee |
| Statutory compliance | PF, ESI, TDS, PT, LWF, and gratuity with dedicated multi-state labour reports (Shops and Establishments Act, Factories Act, CLRA) | PF, ESI, PT, and TDS explicitly confirmed; LWF is not explicitly mentioned on Zimyo’s own product pages |
| Feature breadth | Strong payroll and compliance depth, performance management sold as a separate add-on | Broader all-in-one coverage including asset management, document management, and a helpdesk/ticketing system |
| Best suited for | Companies prioritizing deep statutory compliance and multi-state labour reporting | Companies wanting broad feature coverage in one platform without greytHR’s compliance-first specialization |
Compliance Depth vs Feature Breadth
greytHR’s core strength has always been payroll compliance depth, built around Indian statutory requirements from the start, including dedicated multi-state labour reports that go beyond core PF, ESI, TDS, and professional tax. Zimyo covers the core statutory basics well too (PF, ESI, PT, TDS confirmed directly on its own product pages) but does not market the same depth of state-specific labour law reporting that greytHR built its reputation on.
Where Zimyo pulls ahead is breadth: asset management, document management, and a built-in helpdesk/ticketing system are part of its core offering, areas where greytHR either doesn’t compete directly or requires a separate module. If your team wants one platform to handle HR operations broadly, not just payroll and compliance, Zimyo’s feature set is worth a close look even though it is priced lower.
A Ratings Result Worth Noting
On G2, Zimyo actually rates higher than greytHR: 4.7 out of 5 versus 4.4, a genuine surprise given greytHR is priced higher and has the longer track record. Independent comparisons consistently show reviewers preferring greytHR for raw ease of use, but favoring Zimyo overall on business relationship, ongoing support quality, and product-roadmap direction. Zimyo’s reviewer base skews small business, greytHR’s skews mid-market, so part of this gap likely reflects different buyer expectations at different company sizes rather than one platform being objectively better. Still, if support responsiveness and how a vendor treats you post-sale matters as much as feature depth, this is a real data point worth weighing.
greytHR: Strengths and Considerations
Strengths:
- Deep, dedicated multi-state statutory compliance reporting
- Transparent, published pricing with monthly billing and no annual lock-in required
- 27,000+ customers, one of the longest track records in Indian HR software
- 7-day full-access free trial, no credit card required
Considerations:
- Higher per-employee cost than Zimyo at most headcounts
- Performance management is a separate paid add-on, not included in core plans
- Narrower feature breadth outside payroll and compliance compared to Zimyo’s all-in-one approach
See greytHR against a unified alternative in our Keka vs greytHR comparison.
Zimyo: Strengths and Considerations
Strengths:
- Published, lower per-employee pricing across all tiers
- Broad feature set including asset management, document management, and a helpdesk system
- Scales smoothly across a wide range of company sizes
- Covers core PF, ESI, PT, and TDS compliance explicitly
Considerations:
- Less specialized statutory compliance depth than a payroll-first platform like greytHR, worth verifying directly if you operate across multiple states with complex labour law reporting needs
- Labour Welfare Fund (LWF) coverage is not explicitly mentioned in Zimyo’s own marketing
See how Zimyo compares against another budget-conscious alternative in our Keka vs Zimyo comparison.
Which One Should You Choose?
Choose greytHR if statutory compliance depth is your top priority, especially with employees across multiple states with different Shops and Establishments Act registrations.
Choose Zimyo if you want broad HR functionality (asset management, document management, helpdesk) at a lower published price point, and your compliance needs are relatively straightforward.
Weigh the ratings gap above alongside the compliance-versus-breadth trade-off, since support experience matters as much as feature checklists once you’re actually using the platform day to day.
Frequently Asked Questions
Is Zimyo cheaper than greytHR?
It depends on headcount. Zimyo’s per-employee tiers (₹80 to ₹160) can work out cheaper or costlier than greytHR’s base-plus-per-employee model (₹2,495/month for 50 employees, plus ₹45/employee beyond) depending on your exact team size. Compare both at your specific headcount before deciding, and see our guide to budgeting for HRMS costs for other line items to ask about.
Which has deeper statutory compliance?
greytHR, generally. It was built specifically around Indian payroll compliance and offers dedicated multi-state labour law reporting that Zimyo does not market to the same depth.
Does Zimyo cover Labour Welfare Fund (LWF)?
It’s not explicitly mentioned on Zimyo’s own product pages. Confirm directly if you operate in a state where LWF applies.
Which has more HR features beyond payroll?
Zimyo, with asset management, document management, and a built-in helpdesk/ticketing system as part of its core offering.
Is performance management included in either platform?
Zimyo includes performance management (KRA/OKR tracking) as part of its plans. greytHR sells Performance Management as a separate add-on, priced at ₹35 to ₹45 per employee per month.
Does greytHR offer a free trial?
Yes, a 7-day full-access trial with no credit card required.
Which is better for a company with employees across multiple states?
greytHR’s dedicated statutory labour reports for state-specific establishment registrations are a genuine advantage here.
Which scales better as a company grows?
Zimyo is reported to scale smoothly across a wide range of company sizes with its all-in-one platform. greytHR is well suited to small and mid-sized organizations but may need additional integrations as a company expands significantly. Before you sign with either, our HRMS vendor evaluation checklist and what is HRMS guide are worth a read, and the full vendor directory and payroll software category on hrsoftware.in list more options.