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MYND - HCM Technology & GenAI: The Workplace of the Future
Vendor Analysis
published on Sep 10, 2025
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Report Overview:
This vendor assessment analyzes MYND's offerings and capabilities in HCM Technology & GenAI.
Who is this Report for:
NelsonHall’s HCM Technology profile on MYND is a comprehensive assessment of MYND’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of HCM Technology and identifying vendor suitability for HCM Technology RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the HCM Technology sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of MYND’s HCM Technology offerings, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, challenges, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization, including the location of delivery centers.
Key Findings & Highlights:
MYND Integrated Solutions was established in 2002 and is headquartered in Gurgaon, India. It is a technology solution and outsourcing firm specializing in HCM, finance and accounting, compliance, and EOR services. The company focuses on delivering integrated back-office solutions through a combination of process optimization, automation tools, and domain-specific service delivery.
MYND is organized into four primary business lines:
- Enterprise Solutions: providing end-to-end business process management (BPS) services in finance, accounting, and human resources
- SaaS Products: delivering technology-based solutions including MYNDHRX (HR Management System), MYNDAPX (Accounts Payable Solution), MYNDSpendX (Petty Cash Management), and other platforms
- Staffing: offering workforce solutions and talent acquisition services
- International Business Division (IBD): managing MYND’s international expansion efforts and facilitating the deployment of its solution portfolio across global markets.
In recent years, MYND has focused on creating integrated payroll and vendor management systems to deliver end-to-end solutions. By investing in ESG reporting, analytics, and compliance for key sectors like renewables and manufacturing, its goal is to position itself as a partner for digital transformation, providing platform-based shared services and automation-driven modernization.
MYND’s recent acquisition of Qandle (now called Qandle by MYNDX), an HCM platform, is intended to enhance its position as a full-suite HR services provider by integrating Qandle’s capabilities, including chatbots, mobile access, workforce management, and analytics, into its existing payroll and compliance solutions.
MYND currently has 2k+ employees serving ~500 HCM clients (1.5k+ post-Qandle acquisition) and operates through a hub-and-spoke model with a nationwide presence across India and international operations in Asia, the Middle East, and Africa.