COMPANY INTELLIGENCE PROFILE
HyperVerge Technologies Private Limited
AI-powered identity verification and KYC/KYB/AML onboarding platform for BFSI, fintech and other regulated enterprises, serving 500+ clients with 2B+ verifications processed.
HyperVerge, incorporated on December 30, 2013, is an AI-powered identity verification and onboarding platform for BFSI, fintech, and other sectors. It processes over 2 billion verifications and serves 500+ clients. With revenue growth of approximately 17% from fiscal years 2024 to 2025, the company, headquartered in Chennai, Bengaluru, and Palo Alto, holds a US patent for its technology. HyperVerge has raised about $1.04 million in a seed round.
AI-generated, may contain errors.
Business Overview
- HyperVerge is an AI-powered identity verification and customer onboarding (KYC/KYB/AML) platform, serving 500+ enterprises across BFSI, fintech, NBFC, insurance, crypto, gaming and logistics.
- Core offerings: passive liveness/facial recognition, no OTP/head-movement needed, deepfake-detection face authentication, ISO 30107-3 Level 2 certified, video KYC, OCR-based document data extraction, KYB business-registry verification, AML/sanctions screening, and underwriting AI for lending document analysis.
- Claims 2B+ identity verifications processed and holds a US patent, US 12,633,162 B2, on its eKYC technology.
- Headquartered presence spans Chennai/Bengaluru, India, registered entity, and Palo Alto, US, per Inc42/HyperVerge Inc. parent structure.
- Source: hyperverge.co (official site), Inc42, TheCompanyCheck.
Sector & Classification
Sources conflict on NIC description: Tofler lists "Computer Related Services (software programming, consultancy, and application development)"; Falconebiz lists "Database activities and distribution of electronic content." Actual business is AI-based identity verification/KYC SaaS. NIC code itself not obtained from either source (only text description).
Directors & Key Management
Directors — source notes
Confirmed by 2 independent sources (Tofler + Falconebiz, DINs matching): 1. Vignesh Krishnakumar — DIN 06714494 — Director since 30 Dec 2013 2. Kishore Natarajan — DIN 06793622 — Director since 22 Jan 2014 3. Kedar Nitinchandra Kulkarni — DIN 02913584 — Director since 30 Dec 2013 (Zauba/other sources note "4 KMPs" total but only these 3 director names with DINs were obtained; a 4th KMP, likely a company secretary/CFO, not obtained.)
GST Registrations
Primary GSTIN (Tamil Nadu, home state matching registered address): 33AADCH3483N1ZB — registered 01 Jul 2017, Active/Regular (knowyourgst.com, confirmed). Additional registration: 29AADCH3483N1Z0 — Karnataka (Bengaluru Urban), registered 22 Mar 2018 (knowyourgst.com — single source, treat as partial). A third Maharashtra GSTIN (27AADCH3483N1Z4) was mentioned in one aggregated search snippet only — not independently verified on a dedicated GSTIN lookup page; flagged as "partial/unconfirmed," not to be treated as confirmed. PAN AADCH3483N is consistent across both confirmed GSTINs and the Tofler PAN field — internally consistent. #registrations: at least 2 confirmed (TN + KA), possibly 3.
Financials
HyperVerge Technologies Private Limited reported a revenue of Rs. 127.7 crore in FY2024, which grew to Rs. 149.2 crore in FY2025, marking a year-over-year growth of approximately 17%. Total assets increased by about 23.67%. The company has around 155 employees in India and no secured borrowings.
AI-generated, may contain errors.
| Standalone financials, entity-level, per Inc42/TheCompanyCheck, both agree: | |
| FY2024 Revenue | Rs. 127.7 Crore |
| FY2025 Revenue | Rs. 149.2 Crore, ~Rs. 149.16 Cr per TheCompanyCheck, — YoY growth ~16.8-17% |
| Total assets grew | ~23.67% YoY, per one search snippet referencing Tofler/EdgeInsights — single source, partial |
| EBITDA, PAT/net profit or loss, net worth, and borrowings: NOT OBTAINED, locked behind premium paywalls on TheCompanyCheck/Tofler; not found in free content | |
| Secured borrowings/charges | NONE per TheCompanyCheck, "no charges registered with RoC" |
| Employee count | conflicting figures across sources — 155, as of Apr 2024, TheCompanyCheck, ~260, one DuckDuckGo snippet, 356, another snippet referencing global HyperVerge Inc. headcount, likely including US parent + India entity combined, — flagged as a likely entity-confusion trap |
| The | ~155-160 figure tied specifically to the India Pvt Ltd entity is more reliable. |
Funding History
- Confirmed seed round only: ~$1.0-1.04 Mn raised, announced ~16-18 August 2015, from New Enterprise Associates (NEA), Milliways Ventures, Naya Ventures, IKP Knowledge Park, and angel Dayakar Puskoor, per Inc42 seed-round coverage and Tracxn snippet, 2 sources agree on investor names and ~$1Mn amount.
- No subsequent priced funding rounds were found in available sources, Tracxn/Crunchbase full profiles were not accessible — 429/blocked.
- This may be incomplete: HyperVerge is a well-known, revenue-scale ($149Cr/yr) startup and could plausibly have raised additional capital since 2015, e.g. from parent HyperVerge Inc. as internal funding, that isn't captured in the seed-round-focused sources reached.
- Flag as data gap — total funding and any post-2015 rounds NOT independently confirmed.
Loans & Charges
- None. TheCompanyCheck explicitly states no charges (loans) are registered with the Registrar of Companies against this entity — open charges: none, secured borrowings: none.
Credit Ratings
- Not obtained. No CRISIL rating page found for this entity, crisilratings.com returned 404 for a guessed URL
- No ICRA or CARE rating references found in searched sources. Likely unrated, common for a VC-backed tech/SaaS company with no registered charges/secured borrowings.
Legal & Compliance
- No matching court cases or legal proceedings found on Indian Kanoon for "Hyperverge Technologies" as of this search — treat as "none found" rather than confirmed-clean, since Indian Kanoon coverage is not exhaustive.
Competitive Landscape
- Named identity-verification/KYC-space peers, from aggregated search results, not cross-verified per-name but consistent with known market structure: Onfido, now Entrust IDV, — large global scale
- Jumio — large global scale
- Trulioo — large global scale
- Veriff — mid-large global
- Sumsub — mid-large global
- IDfy — India-focused, comparable/larger scale
- Signzy — India-focused, comparable scale
- Persona — US-based, mid-large
- AU10TIX — mid scale
- Shufti Pro, iDenfy, Bureau ID, AuthenticID — smaller/niche players. HyperVerge sits in the India-origin, AI-liveness-focused segment alongside IDfy and Signzy as closest direct comparables.
Frequently Asked Questions
What does the company do?
HyperVerge is an AI-powered identity verification and customer onboarding platform, serving over 500 enterprises across sectors like BFSI, fintech, NBFC, insurance, crypto, gaming, and logistics. Their core offerings include facial recognition, deepfake-detection face authentication, video KYC, document data extraction, business-registry verification, AML screening, and AI-based lending document analysis.
What is the CIN of the company?
The CIN of the company is U72400TN2013PTC094387.
What is the GSTIN of the company?
The primary GSTIN for the company is 33AADCH3483N1ZB, registered in Tamil Nadu. An additional GSTIN, 29AADCH3483N1Z0, is registered in Karnataka.
What is the incorporation date of the company?
The company was incorporated on 30 December 2013.
What is the registered office address of the company?
The registered office of the company is located at No.03 A2, Third Floor, IITM Research Park, Kanagam Road, Taramani, Chennai, Tamil Nadu 600113, India.
Sources
Tofler (tofler.in) - identity, directors/DINs, capital, address; TheCompanyCheck (thecompanycheck.com) - identity, financials (FY25 revenue), employees, charges, parent company; Falconebiz (falconebiz.com) - identity, directors/DINs cross-check, business activity code text; hyperverge.co (official site) - domain, logo, business overview; knowyourgst.com - GSTIN details (TN + KA); Inc42 (inc42.com, via DuckDuckGo cached snippets) - funding (2015 seed round), FY24/FY25 revenue, shareholding (4 shareholders), employee count variant; Indian Kanoon (indiankanoon.org) - legal search, no results found; DuckDuckGo HTML search - used as substitute for WebSearch (exhausted) to surface competitor names, funding details, GSTIN listings.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.