About InstaVeritas
InstaVeritas is a company based in Noida (India) founded in 2014 by Sandhya Mulchandani and Nikhil Mulchandani. The company has 203 employees. InstaVeritas operates in a competitive market with competitors including IDfy, Checkr, Fama, Certn and KarmaCheck, among others.
- Headquarter Noida, India
- Employees 203
- Founders Sandhya Mulchandani, Nikhil Mulchandani
- SectorsTechnology
- Phone•••• ••••
- Website instaveritas.com
- Social LinkedIn X
- Legal Name Instaveritas India Private Limited
- Date of Incorporation 17 Dec, 2013
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹19.35 Cr
FY 2024 · +30% YoY
- Net Profit₹4.71 Cr
FY 2024 · 24% margin
- EBITDA₹6.72 Cr
FY 2024 · 35% margin
- Employee Count203
Associated legal entities of InstaVeritas
InstaVeritas is associated with 2 registered companies on The Company Check; the primary company is Instaveritas India Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Instaveritas India Private Limited CIN U74900DL2013PTC262329 | Active | 17 Dec 2013 | New Delhi, Delhi | ₹19.4 Cr | 203 | 3 | View details |
| Novi Energy Llp CIN AAT-7366 | Active | 09 Sep 2020 | New Delhi, Delhi | – | – | 2 | View details |
Board of directors of Instaveritas India Private Limited (InstaVeritas)
Instaveritas India Private Limited is the primary company behind InstaVeritas. The boards of the 2 registered companies of InstaVeritas currently have 4 directors; the longest-serving is Sandhya Mulchandani, appointed in 2013. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sandhya Mulchandani DIN 00778985 | Director | 17 Dec 2013 | 12 yrs 9 mo | Instaveritas India Private Limited |
| Sitara Raj Assomull DIN 08870105 | Designated Partner | 09 Sep 2020 | 6 yrs 1 mo | Novi Energy Llp |
| Nikhil Mulchandani DIN 01961611 | Designated Partner | 09 Sep 2020 | 6 yrs 1 mo | Novi Energy Llp, Instaveritas India Private Limited |
| Abhishek Rathi DIN 09294581 | Director | 26 Aug 2021 | 5 yrs 1 mo | Instaveritas India Private Limited |
People of InstaVeritas
2 people are tracked at InstaVeritas (2 in leadership); the tracked headcount is 203.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Founder | Leadership |
Complete people profiles for InstaVeritas
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Financials of InstaVeritas
Figures of Instaveritas India Private Limited, the primary company behind InstaVeritas, for FY 2024. Revenue was ₹19.35 Cr (+30% year on year). Net profit was ₹4.71 Cr (24% margin). EBITDA was ₹6.72 Cr (35% margin). Revenue has grown at a compounded annual rate of +44% over three years and +33% over five years.
- ₹19.35 CrRevenue · FY 2024 · +30% YoY
- ₹4.71 CrNet profit · 24% margin
- ₹6.72 CrEBITDA · 35% margin
- ₹1 LakhPaid-up capital
- 203Employees (provident fund records)
- +44%Revenue CAGR, 3 years
- +33%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Instaveritas India Private Limited are on its company page.
Detailed financial statements for InstaVeritas
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Competitors of InstaVeritas
InstaVeritas operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IDfy, Checkr, Fama, Certn and KarmaCheck, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| idfy.com | 2011 | Mumbai, India | $56.03M | 587 | Identity verification, background screening, and fraud prevention solutions are provided. | |
| checkr.com | 2014 | San Francisco, United States | $679.74M | 1,043 | AI platform for employee background verification is utilized. | |
| fama.io | 2015 | Los Angeles, United States | $14.2M | – | Social Media Background and Digital Footprint check | |
| certn.co | 2016 | Toronto, Canada | $125.28M | – | AI-enabled platform for background verification and profiling is provided. | |
| karmacheck.com | 2019 | San Francisco, United States | $60M | 16 | Cloud-based background checks for employee screening are facilitated. | |
| truework.com | 2017 | San Francisco, United States | $118.9M | 103 | Background verification for candidates' employment and income is automated. | |
| veremark.com | 2018 | London, United Kingdom | $14.44M | 17 | Reference checking and CV validation solutions are provided to recruiters. | |
| vaulthealth.com | 2018 | New York, United States | $30M | 426 | Male reproductive health services are provided through andrology clinics. | |
| authbridge.com | 2005 | Gurugram, India | $11.2M | 1,017 | Identity verification, employee screening, and due diligence platforms are provided. | |
| truv.com | 2020 | Miami, United States | $28.5M | 8 | Employee background verifications are facilitated through a cloud-based platform. |
Detailed competitors of InstaVeritas
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- Operating metrics
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Web traffic of InstaVeritas
The website of InstaVeritas (instaveritas.com) receives about 2.4K visits a month.
- Monthly visits2.4K
▼ 75.8% vs previous month
Similar companies to InstaVeritas
10 companies that operate in the same segment as InstaVeritas (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | – | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Cloud-based HRMS software is offered for small and medium-sized businesses. | 2016 | Barcelona, Catalonia, Spain | USD 369.25 M | – | – |
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Frequently Asked Questions about InstaVeritas
InstaVeritas was founded in 2014.
InstaVeritas is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
InstaVeritas has 203 employees.
The primary company behind InstaVeritas, Instaveritas India Private Limited, reported revenue of ₹19.35 Cr for FY 2024, up 30% year on year.
InstaVeritas was established in 2014 in Noida, India, as an online platform focused on background verification within the identity and credential authentication sector. Services are provided to companies and individuals for verifying identity, address, education, criminal records, and court documents. Operations enable self-verification processes, with partnerships noted involving 50 companies by December 2015. The domain instaveritas.com supports these activities.
InstaVeritas is associated with 2 legal entities: Instaveritas India Private Limited, Novi Energy Llp.
The legal entities of InstaVeritas currently have 4 directors, including Sitara Raj Assomull, Nikhil Mulchandani, Abhishek Rathi and others.