According to the UnivDatos, rising digital payments adoption, government initiatives like Aadhaar, expanding e-governance, increased cybersecurity threats, growth of remote work culture, and growing fintech and neo-banking sectors are driving the India Identity Verification market. As per their “India Identity Verification Market” report, the Indian market was valued at USD ~493.55 million in 2024, growing at a CAGR of about 15.45% during the forecast period from 2025 - 2033 to reach USD million by 2033.

Digital transformation, government regulations, and the increased cybersecurity demands are driving a rapid development of the India Identity Verification market. Industry dominators are providing an array of new solutions in the resolution of biometrics, AI-empowered verification, and eKYC technologies. Such companies are important factors in empowering secure onboarding, fraud prevention, and compliance. This article showcases the best players involved in determining the future of identity verification in India.

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1.      AuthBridge

AuthBridge is India’s largest Authentication company, delivering cutting-edge technology and alternative data analysis for Identity Management, Onboarding & Verification, and Business Intelligence. The company's vision is to deliver simple, digital-first solutions that build trust, strengthen connections, and empower businesses to execute with confidence and achieve their goals.

2.      Shufti Limited

Shufti Pro Limited develops and offers online identity verification solutions to detect identity fraud and financial crimes. The company's solution includes Know Your Customer (KYC) screening, which includes face verification, document verification, address verification, two factor authentication, and consent note verification; Anti Money Laundering (AML) screening, which enables businesses to detect and prevent money laundering and financial crimes by offering customer screening and business screening verification; and Know Your Business (KYB) onboarding screening, which includes business identification, business filings, business networks, and business statements. The company’s online identity verification solutions provide features such as quick verification, data extraction (OCR), manual review, global coverage, QR code, geolocation, compliance solution, and proof of verification. It offers services to the banking, travel, peer-to-peer (P2P), e-commerce, blockchain, telecommunications, gaming, and crowdfunding industries. The company was founded in 2016 and is based in London, United Kingdom, with additional offices in Helsingborg, Sweden; Limassol, Cyprus; and Dubai, UAE.

3.      Mantra Softech (India) Pvt. Ltd.

Mantra Softech India Private Limited operates as a biometric technology products and solutions provider, offering security solutions across various industries. It provides a range of safety and security solutions, including biometric devices such as fingerprint and iris scanners, integrated security systems, and access control solutions. Additionally, it offers OEM modules and custom multi-location business security solutions. Mantra Softech India Private Limited serves diverse industries including manufacturing, warehousing, logistics, healthcare, banking and finance, retail, hospitality, and government agencies.

4.      4G Identity Solutions

4G Identity Solutions Private Limited develops and deploys identity management solutions for the Indian market. It offers citizen ID solutions, large commercial ID management solutions, AFIS/law enforcement solutions, enterprise identity and access management solutions, and multi-biometric identity platforms. The company also offers installation, on-site training, and support services. It serves governments, corporations, and international bodies. The company was formerly known as 4G Informatics Private Limited. 4G Identity Solutions Private Limited was founded in 2000 and is based in Hyderabad, India. As per the transaction announced on October 30, 2007, 4G Identity Solutions Private Limited operates as a subsidiary of Goldstone Technologies Ltd.

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5.      Signzy Technologies Private Limited

Signzy Technologies Private Limited operates as a market-leading platform for digital onboarding of Know Your Customer (KYC) details. It engages in the development of identification, forgery detection, background checks, and contract management systems through video conferencing tools. The company offers its solutions to commercial banking, retail banking, insurance, cryptocurrency, wallets, and payment service providers, and mutual fund brokerage sectors. The company was incorporated in 2015 and is based in Bengaluru, India.

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