Top 5 Low-Cost HRMS Software in India 2026

Small and medium businesses across India are rapidly adopting HRMS software to automate HR operations, improve employee experience, and reduce administrative costs. However, many companies hesitate because they believe HR software is expensive or too complex for their business.

The good news is that several affordable HRMS solutions now offer enterprise-grade features at SMB-friendly pricing. From attendance tracking and payroll to AI-powered workforce management, businesses can streamline operations without breaking their budget.

Here's a look at the Top 5 Low-Cost HRMS Software in India for 2026.

1. TeamsMaster – Best AI-Powered HRMS for Growing Businesses ⭐

When affordability meets innovation, TeamsMaster stands out as one of India's most complete workforce management platforms.

Unlike traditional HR software that focuses only on HR operations, TeamsMaster combines HRMS, Payroll, Attendance, Leave Management, Project Management, CRM, Workforce Analytics, and AI Voice Assistant into a single platform.

Key Features

AI Workforce Management

Attendance & Geo Attendance

Face Recognition Attendance

Payroll Processing

Leave Management

Shift Scheduling

Employee Self-Service Portal

Performance Management

Project & Task Management

CRM

Voice AI Commands

Real-Time Dashboards

Mobile App

Why Choose TeamsMaster?

Affordable pricing for startups and SMBs

One platform instead of multiple software subscriptions

AI-powered automation saves hours every week

Voice AI enables managers to generate reports and perform HR tasks using simple voice commands

Scalable for businesses of every size

Best For:

Startups

SMEs

Manufacturing

Retail

Healthcare

Logistics

IT Companies

Multi-location businesses

2. Keka HR

Keka is a popular HRMS solution known for its clean interface and payroll automation.

Features

Payroll

Attendance

Leave Management

Employee Database

Performance Reviews

Recruitment

Expense Claims

Pros

Easy to use

Strong payroll capabilities

Good employee experience

Cons

Premium features increase overall cost

Limited AI capabilities

Best For: Medium-sized businesses

3. greytHR

greytHR has been a trusted HRMS solution for Indian businesses for many years and is particularly known for payroll compliance.

Features

Payroll

Leave

Attendance

Employee Records

Statutory Compliance

HR Reports

Pros

Excellent compliance management

Affordable plans

Reliable payroll processing

Cons

Traditional interface

Limited advanced automation

Best For: Businesses focused on payroll and compliance

4. Zoho People

Zoho People offers cloud-based HR software that integrates well with the broader Zoho ecosystem.

Features

Employee Database

Attendance

Leave Management

Performance Reviews

Workflow Automation

Time Tracking

Pros

Excellent integrations

Flexible workflows

Mobile-friendly

Cons

Payroll requires additional tools

Some advanced features need higher-tier plans

Best For: Businesses already using Zoho products

5. HROne

HROne provides a complete HR management platform with a focus on employee engagement and automation.

Features

HRMS

Payroll

Attendance

Recruitment

Performance Management

Employee Helpdesk

Mobile App

Pros

Modern UI

Good automation

Easy onboarding

Cons

Some features require premium plans

Customization can be limited

Best For: Growing SMEs

Before selecting an HRMS solution, consider the following:

Pricing that fits your budget

Payroll and statutory compliance

Attendance and leave automation

Mobile accessibility

Employee self-service features

Reporting and analytics

Integration capabilities

Scalability for future growth

AI-powered automation

Customer support

Investing in a platform that combines multiple business functions can reduce software costs and improve operational efficiency.

Why AI-Powered HRMS Is the Future

In 2026, HR software is evolving beyond simple record-keeping. AI-powered platforms can now:

Automate repetitive HR tasks

Predict workforce trends

Generate reports instantly

Improve employee engagement

Assist managers using voice commands

Deliver real-time workforce insights

Reduce manual errors in payroll and attendance

Businesses adopting AI-enabled HRMS solutions are better positioned to improve productivity while minimizing administrative overhead.

Reach now:

AI Workforce Management Software Noida Delhi NCR | How Businesses Choose HR Software in 2026

Final Thoughts

Choosing the right HRMS software depends on your business size, budget, and operational needs. If you're looking for a basic payroll solution, options like greytHR or Keka are solid choices. However, if you want a future-ready platform that combines HRMS, Payroll, Attendance, CRM, Project Management, Workforce Analytics, and AI Voice Assistant in one affordable solution, TeamsMaster offers exceptional value.

Instead of managing multiple software subscriptions, businesses can streamline their entire workforce with a single AI-powered platform, saving time, reducing costs, and improving overall productivity.