How many employees work at Formula Manipal?
Formula Manipal has approximately 354 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Formula Manipal’s total headcount has grown 60.1% from 221 employees in 2023 to 354 in 2026.
About Formula Manipal’s Workforce
Formula Manipal is an Automotive Services company that employs 354 people worldwide as of March 2026. It is the 11th-largest by headcount among its peers. Founded in 2007, the company is headquartered in Udupi, India.
Formula Manipal's workforce has grown 60.1% from 2023 to 2026, up 24.1% year over year in 2026. It fell to a low of 209 in 2024 Q2 before recovering. Its workforce is concentrated most in South Asia (100.0%).
Formula Manipal's functional groups are Engineering (53.1%), Finance and Operations (29.2%), and Sales and Marketing (17.7%), with Engineering growing fastest (up 17.0%). The average salary is $7,802, highest in South Asia at a median of $6,000, up 2.1% year over year in 2026.
Overall employee sentiment is positive and broadly stable.
Sourced from Revelio Labs workforce data.
- Headquarters
- Udupi, India
- Founded
- 2007
- Industry
- Automotive Services
- Employees
- 354
- YoY
- +24.1% (+56)
As of March 2026
Formula Manipal workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Formula Manipal. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsFormula Manipal Annual Employee Count (2023-2026)
- Formula Manipal had 354 employees in 2026, a 24.1% increase (+56) from 2025.
- Formula Manipal had 340 employees in 2025, a 14.3% increase (+42) from 2024.
- Formula Manipal had 298 employees in 2024, a 23.0% increase (+14) from 2023.
- Formula Manipal had 284 employees in 2023, a 18.0% increase (+22) from 2022.
Formula Manipal's total workforce has grown from 221 employees in 2023 to 354 in 2026.
Formula Manipal quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 354 | +56 | +24.1% |
| 2025 | Q4 | 340 | +42 | +14.3% |
| 2025 | Q3 | 376 | +47 | +16.7% |
| 2025 | Q2 | 267 | +58 | +26.8% |
| 2025 | Q1 | 298 | +46 | +20.9% |
| 2024 | Q4 | 298 | +14 | +23.0% |
| 2024 | Q3 | 329 | +1 | +11.8% |
| 2024 | Q2 | 209 | -12 | +19.0% |
| 2024 | Q1 | 252 | +24 | +27.0% |
| 2023 | Q4 | 284 | +22 | +18.0% |
| 2023 | Q3 | 328 | +75 | +38.7% |
| 2023 | Q2 | 221 | +8 | +18.8% |
See Formula Manipal's complete headcount history, including quarterly breakdowns.
Get the DataFormula Manipal Employee Count by Region (2026)
South Asia accounts for the largest share of Formula Manipal's global workforce with approximately 100% of total employees.
Formula Manipal employees by region
| Region | Employees | % of Total |
|---|---|---|
| South Asia | 353 | 100.0% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataFormula Manipal Employee Count by Department (2026)
Formula Manipal's employee groups are Engineering (53.1%), Finance and Operations (29.2%), and Sales and Marketing (17.7%).
Formula Manipal employees by department
| Department | Employees | % of Total |
|---|---|---|
| Engineering | 188 | 53.1% |
| Finance and Operations | 103 | 29.2% |
| Sales and Marketing | 63 | 17.7% |
Compare Formula Manipal's department mix to industry peers.
See Full DataFormula Manipal Employee Salary by Region (2026)
Formula Manipal's average employee salary is $7,802 globally. Employees in South Asia receive the highest compensation.
Formula Manipal median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| South Asia | $6,000 |
Unlock salary by role, level, and city — and compare to Formula Manipal's industry peers.
Unlock Salary DataFormula Manipal Employee Sentiment (2026)
Revelio Labs tracks employee sentiment across Formula Manipal's workforce based on public professional data. Overall sentiment is positive and has held steady year over year in 2026.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
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Frequently Asked Questions About Formula Manipal
- How fast is Formula Manipal growing?
- In 2026, Formula Manipal's headcount grew 24.1% to 354 employees, up from 298 in 2025.
- See the full headcount history
- Where are Formula Manipal employees located?
- Most Formula Manipal employees are based in South Asia (100.0% of headcount).
- Explore where the workforce is based
- What is the average salary at Formula Manipal?
- The average employee salary at Formula Manipal is approximately $7.8k per year.
- Analyze the salary distribution
- When was Formula Manipal founded and where is it headquartered?
- Formula Manipal was founded in 2007 and is headquartered in Udupi, India.
- Compare Formula Manipal to industry peers
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