Kapitalyze vs CSTrax.
CSTrax is built for CS firms. Kapitalyze is built for the companies they serve — and the CS firms can use it too.
Side by side.
| Feature | Kapitalyze | CSTrax |
|---|---|---|
| Starting price | ₹2,999/mo | Per-firm licence |
| Primary user | Company / CFO / CS | CS practice / firm |
| Cap table | Yes — full ledger + SHA | Limited |
| ESOP management | Yes — Rule 11UA + perquisite tax | Basic register |
| AIF / Fund OS | Yes — Cat I, II, III | |
| MCA filing automation | Yes — drafted from events | Yes — strong CS workflow |
| Board governance (SS-1) | Yes — notices, agenda, minutes | Yes — practice-side |
| Statutory registers | Auto-current from events | Manual update |
| AI assistance | Oris AI — clause + filing assist | |
| Multi-entity (group cos.) | Yes — consolidation included | Yes — multi-client |
| Data room | Yes — versioned, watermarked | |
| Support tier | Email, chat, dedicated CSM on Fund OS | Phone, email — CS-firm SLA |
Different sides of the table.
Who the tool serves
CSTrax is built for CS practices: independent professionals and small firms managing the statutory affairs of dozens or hundreds of client companies. The data model centres on the practice: a client list, a per-client deadline calendar, the firm's filing pipeline, and the CS's DSC-driven submission flow on the V3 portal.
Kapitalyze is built for the company itself. Founders, CFOs, in-house CS, and the board live inside it. When a company on Kapitalyze hires an external CS, that CS gets invited as a collaborator. They file from the same surface the company drafts on. Different center of gravity.
Verdict: CSTrax if you're a CS firm. Kapitalyze if you're a company (with or without an external CS).
Cap-table and shareholder mechanics
Kapitalyze is a cap-table-native product. Share classes, conversions, transfers, SHA terms, anti-dilution, waterfall — all first-class objects. CSTrax tracks shareholder registers as part of statutory compliance, but it isn't built to model a priced round, run dilution scenarios, or handle convertible-instrument conversion math at term-sheet stage.
If your workflow is 'we just raised, model the post-money cap table, generate share certificates, issue PAS-3', Kapitalyze does that as one continuous transaction. CSTrax handles the post-event compliance side cleanly but starts after the cap-table decisions are made.
Verdict: Kapitalyze for cap-table mechanics. CSTrax does the compliance tail.
MCA filings — drafting versus filing
Both tools generate MCA filing artifacts (PAS-3, MGT-14, DIR-12, AOC-4, MGT-7). CSTrax is genuinely strong on the CS-firm workflow side: bulk drafting across many clients, DSC management for multiple Designated Partners, a deadline dashboard showing every client's overdue forms, billing tied to the filings the practice ships.
Kapitalyze drafts the same forms from the cap-table events that produced them. Issue an allotment, and the PAS-3 is auto-drafted with the right shareholders, share classes, and consideration amounts. Your CS (in-house or external) then files it. Kapitalyze does not run the practice; it makes the underlying drafting effortless for the company.
Verdict: CSTrax for practice management. Kapitalyze for company-side drafting.
Board governance and statutory registers
CSTrax handles board governance from the CS's outside-the-company position: notices generated for client companies, minute templates, SS-1 timing checks. Strong feature set if you're running the secretarial function for 50 client companies.
Kapitalyze runs board governance from inside the company: 7-clear-days notice triggered from the director list, agenda assembled from open items in the company's pipeline, minutes drafted from the meeting recording, MGT-14 windows tracked to the day. The statutory registers (MGT-1 through MBP-6) update automatically from cap-table events, with no manual sync from the practice.
Verdict: both work. CSTrax is firm-shaped, Kapitalyze is company-shaped.
AIF, ESOP accounting, AI — the breadth question
These three areas don't exist in CSTrax. AIF management for SEBI Cat I/II/III, ESOP grant-to-exercise tax accounting under IndAS 102 and Section 17(2)(vi), AI-powered term-sheet decode and clause analysis: all Kapitalyze native, none of them on the CSTrax roadmap (rightly, because they're not CS-practice workflows).
If you only need CS workflow software, CSTrax is the right tool. If your company also needs ESOP accounting depth, AIF management, or AI-assisted analysis on top of compliance, those need to live somewhere. Stitching CSTrax + a cap-table tool + an AIF tool is usually more expensive and more painful than Kapitalyze alone.
Verdict: Kapitalyze if you need breadth. CSTrax for pure CS-practice workflow.
What you'll pay.
Kapitalyze Starter
₹2,999/mo
- Cap table + ESOP + filings
- Board minutes (SS-1)
- Statutory registers auto-current
- Oris AI included
- External CS as collaborator
Kapitalyze Fund OS
₹24,999/mo
- Everything in Starter
- AIF Cat I/II/III support
- LP onboarding + waterfalls
- Multi-entity consolidation
- Dedicated CSM
CSTrax
Per-firm licence
- CS practice workflow
- Multi-client deadline tracking
- Bulk filing across clients
- DSC management
- Practice billing
The honest take.
Choose Kapitalyze if
- You're the company, not the CS firm.
- You want cap table, ESOP, filings, and board all in one place.
- You need AIF management or ESOP accounting (IndAS 102).
- You want your external CS to collaborate inside the same tool, not run a parallel system.
Choose CSTrax if
- You're a CS practice managing many client companies.
- Bulk filing and per-client deadline tracking are your day-to-day.
- You're filing from your own DSC across many clients.
- Practice billing and capacity management matter as much as the forms.
Moving from CSTrax.
If you're a company whose CS uses CSTrax, you usually don't move at all — your CS keeps CSTrax and gets invited as a collaborator on your Kapitalyze workspace. Bring your existing shareholder register as CSV, your last MGT-1, and signed SHA PDFs; we import in under a day and run a reconciliation against the CSTrax-filed forms. Statutory registers rebuild automatically from the events.
Questions buyers ask.
We use CSTrax for our CS firm — can we add Kapitalyze for one of our larger clients?+
Yes, and many firms do. The client uses Kapitalyze as their company-side system (cap table, board, registers); your firm continues to file from CSTrax. Your CS gets invited into the client's Kapitalyze workspace as a collaborator — drafts come out clean and ready to file from your existing CSTrax pipeline.
Can Kapitalyze replace CSTrax for our practice?+
If your practice is small (under 20 clients) and you're comfortable running workflows from inside each client's workspace, possibly yes. For larger practices needing bulk filing, capacity dashboards, and per-firm DSC management across many clients, CSTrax is the better practice-side tool — keep it, and bring Kapitalyze in on the company side for the clients that need cap-table depth.
What about MCA filings — who actually files?+
Whoever holds the DSC. Kapitalyze drafts; your CS files. The form is generated from the underlying event (an allotment generates PAS-3, a director change generates DIR-12), validated for completeness, and handed to the CS for V3 portal submission. No manual data re-entry.
Does Kapitalyze handle group company structures?+
Yes — multi-entity consolidation is included. You can run a parent and multiple subsidiaries in one workspace, with cap tables, board, and filings per entity and consolidated views across the group. Mauritius and Singapore holdcos, Delaware C-Corps, and BVI entities are supported.
Will my external CS resist switching tools?+
Most don't, because they're not switching tools — they're getting invited as a collaborator into a workspace where the drafts are already ready. Your CS continues to file from their DSC, keeps the relationship and the filing fee, and stops chasing you for source data because Kapitalyze has it already.
Can I export everything if needed?+
Yes — full CSV data dump plus signed PDFs of every share certificate, board minute, and filing artifact. No lock-in, no exit fees.
Your CS keeps CSTrax.
You get Kapitalyze.
Add Kapitalyze on the company side, invite your CS as a collaborator, and the workflow gets faster on both sides. Start free.