About VerifiTech
VerifiTech is a Financial Services company based in Chennai (India) founded in 2009 by Saraswathi R and K Raju. It operates as a digital hub for employee background verification services. It operates on a B2B model. The company has 34 employees. Its website verifitech.com draws about 16 thousand monthly visits. Its Indian entity Verifitech India Info Private Limited reported revenue of ₹2.56 Cr. Its focus areas include Human Resources, Verification Services, Background Checks and Digital Platforms. Its competitors include IDfy, Checkr, Fama, Certn and KarmaCheck and 5 more; 10 of its 10 listed competitors have raised funding.
Company details
VerifiTech digital hub for employee background verification services, focusing on managing HR solutions, verification services, background checks, and digital platforms. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Chennai, India
- Employees 34
- Founders Saraswathi R, K Raju
- SectorsFinancial Services
- Website verifitech.com
- Social X Facebook
- Legal Name Verifitech India Info Private Limited
- Date of Incorporation 20 May, 2015
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹2.56 Cr
FY 2024 · +3% YoY
- Net Profit₹27.9 Lakh
FY 2024 · 11% margin
- EBITDA₹46.7 Lakh
FY 2024 · 18% margin
- Employee Count34
Associated legal entities of VerifiTech
VerifiTech operates through Verifitech India Info Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Verifitech India Info Private Limited CIN U74900TN2015PTC100586 | Active | 20 May 2015 | Chennai, Tamil Nadu | ₹2.6 Cr | 34 | 2 | View details |
Board of directors of Verifitech India Info Private Limited (VerifiTech)
Verifitech India Info Private Limited is the primary company behind VerifiTech. The board of Verifitech India Info Private Limited currently have 2 directors; the longest-serving is Raju Kumar, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Raju Kumar DIN 07161951 | Director | 20 May 2015 | 11 yrs 5 mo | Verifitech India Info Private Limited |
| Saraswathi DIN 07161853 | Manager | 20 May 2015 | 11 yrs 5 mo | Verifitech India Info Private Limited |
People of VerifiTech
8 people are tracked at VerifiTech (4 in leadership, 3 in board & advisors, 1 in team); the tracked headcount is 34.
| Name | Role | Group |
|---|---|---|
Saraswathi R | Co-Founder | Leadership |
K Raju | Founder | Leadership |
Dinesh J | VP, HR & Compliance | Leadership |
Karthikeyan Arumugam | VP, Legal Compliance | Leadership |
Narayanan Yegnan | Independent Director, Finance | Board & advisors |
Suresh Kumar K | Independent Director, Investigation & Crime Records Search | Board & advisors |
P. Venkataramani | Independent Director, Process Improvement | Board & advisors |
thiru Thiru | Unknown Role | Team |
Complete people profiles for VerifiTech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Financials of VerifiTech
Figures of Verifitech India Info Private Limited, the primary company behind VerifiTech, for FY 2024. Revenue was ₹2.56 Cr (+3% year on year). Net profit was ₹27.9 Lakh (11% margin). EBITDA was ₹46.7 Lakh (18% margin). Revenue has grown at a compounded annual rate of +84% over three years and +52% over five years.
- ₹2.56 CrRevenue · FY 2024 · +3% YoY
- ₹27.9 LakhNet profit · 11% margin
- ₹46.7 LakhEBITDA · 18% margin
- ₹5 LakhPaid-up capital
- 34Employees (provident fund records)
- +84%Revenue CAGR, 3 years
- +52%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Verifitech India Info Private Limited are on its company page.
Detailed financial statements for VerifiTech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of VerifiTech
VerifiTech has 10 listed competitors in our database, 10 of them funded. They include 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 VerifiTech
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of VerifiTech
The website of VerifiTech (verifitech.com) receives about 15.8K visits a month.
- Monthly visits15.8K
▲ 143.4% vs previous month
Websites whose visitors overlap most with VerifiTech. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bvsglobal.com | 100% | – | #1,091,140 | View details | |
| quinfy.com | 94% | 4.9K | #4,103,889 | View details | |
millow.io | millow.io | 87% | – | #2,205,520 | – |
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as VerifiTech (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Frequently Asked Questions about VerifiTech
VerifiTech was founded in 2009.
VerifiTech is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
VerifiTech has 34 employees.
The primary company behind VerifiTech, Verifitech India Info Private Limited, reported revenue of ₹2.56 Cr for FY 2024, up 3% year on year.
VerifiTech digital hub for employee background verification services, focusing on managing HR solutions, verification services, background checks, and digital platforms. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
VerifiTech operates through Verifitech India Info Private Limited.
The legal entities of VerifiTech currently have 2 directors, including Raju Kumar, Saraswathi.