Contractor of Record

Eliminate legal exposure in India with our Contractor of Record

Wisemonk becomes the legal contracting party in India. You direct the work, we handle classification, contracts, payments, and tax exposure, so you stay out of India's labor courts.

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Manage Indian contractors compliantly with Wisemonks Contractor of Record

Powering India teams for 300+ companies worldwide

Hire contractors in India the right way

Direct contractor engagement

You draft and manage contracts

Risk of unenforceable IP clauses under Indian law

You own classification risk

Principal-employer liability if India reclassifies

You handle India tax exposure

TDS, GST, and PE filings fall on your finance team

You wrangle 15+ wire transfers

Bank FX spreads of 3–5% silently eat your budget

Contractor of Record with Wisemonk

Compliant contractor agreements

Drafted, signed, and enforceable under Indian law

IP protection baked in

Assignment clauses under India's Copyright Act s.17

Tax compliance & filings handled

TDS, 26Q, FIRC, and GST where applicable

We handle bulk payments.

Transparent 0.5% FX markup

Built for what global CORs miss

Bulk payments, one wire

Fund Wisemonk once for your entire India roster. We split, convert, and disburse to every contractor. — The win: One USD/GBP/EUR wire covers 50+ contractors in a single batch, reconciled to a single invoice.

T+1 settlement to contractor

Most global CORs settle India payouts in T+2 to T+5. We pay your contractors within one business day. — The win: Contractors paid in 1 business day, not 3–5 days.

Employee vs contractor, defensibly

We score each role against India's control, integration, and economic-dependence tests. — The win: Every engagement carries a written classification memo your auditor can rely on.

Start working with Indian contractors in three steps

Step 01

Add your contractor

Invite them to the portal, define scope of work, rate, and start date. We collect KYC and bank details in the background.

Step 02

We set up the contract

Wisemonk signs a locally compliant contractor agreement with your hire. IP assignment, confidentiality, TDS, and dispute jurisdiction — all structured for Indian enforceability.

Step 03

Pay contractors

Fund Wisemonk once in USD, GBP, or EUR. We generate invoices, convert at 0.5% mid-market, disburse in INR, and file the tax paperwork on your behalf.

Everything on one platform

Contracts, compliance, and payments, all handled in one place.

No scattered tools, no manual wires, no spreadsheet reconciliations at the end of every month.

Contracts

Compliant agreements
Enforceable IP ownership
NDAs and non-solicits
e-Stamp + e-Sign

Payments

Automated monthly invoicing
On-time contractor payouts
0.5% transparent FX markup
USD · GBP · EUR funding

Compliance

Classification review per role
Company-side tax filings
TDS, 26Q, FIRC handling
Audit-ready records

Operations

Centralized dashboard
Payment tracking
Contractor self-service portal
Dedicated account manager

Built for every stage

Start small. Scale safely.

Teams of every size use Wisemonk to bring on Indian contractors without the legal exposure.

Startups

Testing talent in India before committing to an entity or full employment setup.

Product companies

Scaling engineering and product teams with a mix of contractors and employees.

Agencies

Building flexible project teams across regions, with clean cost attribution.

Global companies

Expanding distributed teams with India COR as step one before opening an entity.

Questions we hear most

What does "Wisemonk takes on the liability" actually mean?

Our Master Services Agreement contains an explicit indemnity against misclassification claims, tax authority challenges, and contract-enforceability disputes for workers we engage on your behalf.

How is this different from Deel, Rippling, or Rivermate for India?

Global players treat India as one of 150 markets with a generic contractor template. We're India-only, with local entities, local counsel, and direct relationships with TDS / EPFO / GST authorities.

Can a Wisemonk-engaged contractor still be reclassified?

In theory, yes — if the day-to-day working pattern turns employee-like (fixed hours, exclusive work, company-owned tools, manager reporting). That's why we review each engagement and flag drift. If classification tips, we offer a one-click conversion to our EOR service with no service interruption.

How fast can I onboard my first contractor?

Most companies go from first call to a signed contract within 48 hours. KYC, bank details, and tax forms are collected in parallel on the contractor's side, so nothing waits on anything else.

How does currency conversion and payment work?

You fund Wisemonk once per cycle in USD, GBP, or EUR. We apply a transparent 0.5% markup on the mid-market rate, stamp the exact rate on your invoice, and disburse INR to the contractor's Indian bank via direct transfer. Typical settlement is T+1.

Do contractors get benefits through Wisemonk?

Benefits for true contractors in India are optional and unusual. We can offer health insurance add-ons on request, but doing so can affect classification — we advise case-by-case. If you want full benefits and statutory protections, the engagement likely belongs in our EOR product.

What documents does my company receive each month?

A consolidated invoice from Wisemonk in your funding currency, INR-level breakdown by contractor, FX rate stamp, TDS computation, GST where applicable, and FIRC on request. Everything your auditor and finance team need to close the books cleanly.

Ready to work with Indian contractors?

Tell us who you're engaging. We'll walk you through classification, contract, and cost in one call.

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