About Verizy
Verizy is a company based in Bengaluru (India) founded in 2018 by Vishal V. Shekkar and Vishwarath Reddy. It operates as a B2B. Verizy operates in a competitive market with competitors including Perfios, Signicat, IDnow, Onfido and IDfy, among others.
- Headquarter Bengaluru, India
- Founders Vishal V. Shekkar, Vishwarath Reddy
- SectorsTechnology
- Website verizy.ai
- Social X
- Legal Name Labyrinth Technologies Llp
- Date of Incorporation 27 Mar, 2017
- Jurisdiction Mysore, Karnataka, India
- Annual Revenue₹4.35 Cr
FY 2022 · +62% YoY
- Net Profit₹0.71 Cr
FY 2022 · 16% margin
- EBITDA₹1.53 Cr
FY 2022 · 35% margin
Associated legal entities of Verizy
Verizy operates through Labyrinth Technologies Llp (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Labyrinth Technologies Llp CIN AAI-9616 | Active | 27 Mar 2017 | Mysore, Karnataka | ₹4.4 Cr | – | 2 | View details |
Board of directors of Labyrinth Technologies Llp (Verizy)
Labyrinth Technologies Llp is the primary company behind Verizy. The board of Labyrinth Technologies Llp currently have 2 directors; the longest-serving is Vishal Vijay Shekkar, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vishal Vijay Shekkar DIN 07757337 | Designated Partner | 27 Mar 2017 | 9 yrs 6 mo | Labyrinth Technologies Llp |
| Vishwarath Reddy Thumula DIN 06538870 | Designated Partner | 27 Mar 2017 | 9 yrs 6 mo | Labyrinth Technologies Llp |
People of Verizy
2 people are tracked at Verizy (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Verizy
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Financials of Verizy
Figures of Labyrinth Technologies Llp, the primary company behind Verizy, for FY 2022. Revenue was ₹4.35 Cr (+62% year on year). Net profit was ₹0.71 Cr (16% margin). EBITDA was ₹1.53 Cr (35% margin). Revenue has grown at a compounded annual rate of +39% over three years.
- ₹4.35 CrRevenue · FY 2022 · +62% YoY
- ₹0.71 CrNet profit · 16% margin
- ₹1.53 CrEBITDA · 35% margin
- +39%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Labyrinth Technologies Llp are on its company page.
Detailed financial statements for Verizy
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Competitors of Verizy
Verizy 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 Perfios, Signicat, IDnow, Onfido and IDfy, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| perfios.com | 2008 | Bengaluru, India | $258.8M | – | Provides financial technology solutions for data analysis and verification globally. | |
| signicat.com | 2006 | Trondheim, Norway | $2.1M | 150 | Software solutions for identity management are provided via APIs. | |
| idnow.io | 2010 | Munich, Germany | $40.0M | 29 | Automated and expert-led identity verification services are provided. | |
| onfido.com | 2012 | London, United Kingdom | $242.4M | 516 | Identity verification solutions are provided, including document and biometric authentication. | |
| idfy.com | 2011 | Mumbai, India | $56.0M | 587 | Identity verification, background screening, and fraud prevention solutions are provided. | |
| megvii.com | 2011 | Beijing, China | $2.0B | – | Facial recognition and AI video analysis solutions are provided. | |
| digio.com.br | 2016 | Sao Paulo, Brazil | – | – | Mobile platform offering credit cards | |
| hidglobal.com | 1991 | Austin, United States | – | – | Cloud-based physical identity and access management systems are developed. |
Detailed competitors of Verizy
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- Full competitor set
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Similar companies to Verizy
10 companies that operate in the same segment as Verizy (Identity & Access Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform for identity verification and document checks is provided. | 2016 | Dublin, Ireland | USD 12.02 M | USD 1.81 M | – | |
Offers integrated solutions for remote work, security, and identity management. | 2012 | Pune, Maharashtra, India | – | USD 6.84 M | 253 | |
Microconnectors, RFID antennas, and secure ID components are manufactured. | 1988 | Guyancourt, Ile-de-france, France | – | USD 218.42 M | – | |
Electronic signature, digital identity, and invoicing solutions are provided. | 2012 | Barcelona, Catalonia, Spain | USD 2.22 M | – | – | |
A VPN-related platform is provided by Dentity for secure connectivity. | 2021 | Los Angeles, California, United States | – | – | – | |
Login and authentication services offered by KonsoleH. | – | Salem, Tamil Nadu, India | – | USD 34.51 M | 418 | |
Offers identity governance, access management, and cybersecurity consulting services. | 2003 | Hyderabad, Telangana, India | – | USD 4.28 M | 144 | |
Mobile application to directly authenticate users digital identity | – | United States | USD 850 K | – | – | |
A professional networking site that helps users build credible online identities. | 2011 | Kochi, Kerala, India | USD 1.06 M | USD 1.62 K | 1 | |
Provides identity and access management solutions for secure authentication and authorization. | 1999 | Andheri, Maharashtra, India | – | USD 992.12 K | 64 |
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Frequently Asked Questions about Verizy
Verizy was founded in 2018.
Verizy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Verizy, Labyrinth Technologies Llp, reported revenue of ₹4.35 Cr for FY 2022, up 62% year on year.
Verizy, led by Vishal V. Shekkar as Co-Founder, Vishwarath Reddy as Co-Founder, specializes in leveraging cutting-edge technology, software, enhancing digital security, and authentication. Offers AI-based user authentication solutions for enhanced security. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Verizy operates through Labyrinth Technologies Llp.
The legal entities of Verizy currently have 2 directors, including Vishal Vijay Shekkar, Vishwarath Reddy Thumula.