Mantra Softech

Name

Mantra Softech

Legal name

Mantra Softech India Private Limited

Website

https://mantratec.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Biometric Hardware and Identity Verification

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Other Measuring and Controlling Device Manufacturing (334519), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Measuring & Controlling Devices, Nec (3829), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)

akta.pro primary industry

Biometric Input Devices (Fingerprint/Face/Iris Scanners) (HDACAFAI)

akta.pro secondary industries

Physical Security & Access Control (Mantraps, CCTV, Biometrics) (HDABAKAH), Onboarding, KYC & Account Verification Support (BPAAABAG)

Keywords

• Biometric hardware devices
• Fingerprint recognition sensors
• Iris recognition scanners
• Facial recognition terminals
• Identity verification systems

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Biometric Hardware Sales: Sale of biometric devices and sensors including fingerprint scanners, IRIS scanners, face recognition terminals, palm vein terminals, biometric tablets, enrollment devices, and access control systems. Hardware is sold directly to enterprises, government bodies, and through channel partners and distributors. Includes OEM modules sold to system integrators for integration into third-party products.
2. Enterprise Software Platforms: Sale and licensing of enterprise software platforms including Megh PI (cloud workforce management), MACS (unified access control), Monuk (visitor management), Pravesh Lite (attendance and access), and Mensa (canteen management). Software may be bundled with hardware or sold separately with subscription or license models.
3. SDK and API Licensing: Licensing of software development kits (MXFace SDK) and APIs to system integrators, software developers, and OEMs for embedding Mantra biometric capabilities into their applications and hardware. Supports Windows, Linux, and Android platforms.
4. Professional Services and Project Delivery: Implementation, consulting, and project management services for large-scale government and enterprise biometric deployments. Includes installation support, customer training, solution delivery, and customization of biometric applications.
5. Government Welfare and Scheme Integration: Revenue derived from supplying UIDAI-certified biometric devices for government schemes including Aadhaar enrollment, Ayushman Bharat, PMKVY, Jeevan Pramaan, DigiLocker, Bhim, AePS MicroATM, and other Digital India programs. Devices and services funded by government program budgets.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels6 records

Core offering

Mantra Softech manufactures and sells biometric identification hardware and AI-driven identity verification solutions including fingerprint scanners, IRIS sensors, face recognition terminals, palm vein terminals, biometric tablets, MicroATM/POS terminals, and access control devices. The company also licenses enterprise software platforms (Megh PI workforce management, MACS access control) and the MXFace SDK, with end-to-end in-house capability from proprietary sensor design through finished device assembly at a 300,000+ sq. ft. facility in Ahmedabad.

Differentiator

Problem solved

Functional benefit

Brands

• MyRFID: RFID readers, smart tags & IoT gateways for real-time asset tracking and access control across Indian industry.
• Moreze
• MXFace
• Mikshi AI

Products and services

• Megh PI Workforce Management Platform Unified cloud platform that consolidates attendance, visitor management, and canteen management into a single enterprise workforce management system, sold to large enterprises and industrial operators for biometric-driven workforce administration.
• MACS Unified Access Control System Modular 7-in-1 access control enterprise platform offering integrated output governance (IOG), access control (ACS), video management (VMS), canteen management, and time & attendance for enterprise and industrial sites.
• MXFace Face Recognition SDK Enterprise face recognition SDK and API that delivers 99.8% accuracy across 50M+ enrolled records with 200ms response time, providing 1:N identification, liveness check, and spoof detection at scale for system integrators, software developers, and OEMs integrating biometric capabilities into their applications and hardware.
• Mikshi AI VSaaS Platform AI-powered Video Surveillance as a Service that converts existing CCTV infrastructure into real-time video analytics, smart monitoring, and crowd insights, deployed for smart cities and enterprise surveillance environments.
• MFS110 L1 Fingerprint Scanner UIDAI L1 STQC-certified optical fingerprint scanner widely deployed for Aadhaar authentication, Jeevan Pramaan, AEBAS, AePS, and BHIM Aadhaar Pay, used by government departments, banks, and CSCs across India.
• MARC10 Capacitive Fingerprint Scanner Slick capacitive fingerprint scanner used by banking correspondents and AePS banking microATM/POS terminals to power Aadhaar-linked cash withdrawal, balance inquiry, mini statement, and fund transfer transactions.
• MIS100 V2 IRIS Sensor Proprietary in-house developed IRIS recognition sensor with ultra-compact design, auto-capture, and NIST-quality iris image assessment used for iris-based identity authentication in Aadhaar schemes and enterprise deployments.
• MATISX Dual IRIS Scanner Dual IRIS scanner holding the world's first Dual IRIS iBeta certificate (2025) for ISO/IEC 30107-3 compliant spoof and liveness detection, deployed in high-security and national ID programs.
• BioNIC Xtreme Face Recognition Terminal AI-powered face recognition terminals with 3D liveness detection that operate across variable lighting conditions, used for face-based attendance, access control, and watchlist-based surveillance in enterprise and government environments.
• PV2000 Palm Vein Authentication Terminal Contactless palm vein biometric terminal using infrared sensing for hygienic internal vein pattern recognition, achieving 0.00008% False Acceptance Rate, deployed in healthcare and high-throughput industrial environments.
• Mvyom7 Biometric Payment POS Financial-grade biometric POS/MicroATM terminal supporting AePS and BHIM Aadhaar Pay merchant transactions including cash withdrawal, balance inquiry, mini statement, and fund transfer without debit card or PIN, deployed at banking correspondent points.
• Moreze Self-Service eKYC Kiosks India's leading manufacturer of self-service kiosks enabling eKYC, Aadhaar authentication, and citizen services to be completed without staff, deployed at CSC centres, welfare distribution counters, and citizen service points.
• MyRFID RFID Readers and IoT Gateways RFID readers, smart tags, and IoT gateways for real-time asset tracking, smart card access, and access control deployed across Indian industry, integrated with Mantra biometric identity infrastructure.
• Fingerprint and IRIS OEM Modules OEM fingerprint and IRIS scanner modules sold to system integrators, developers, and manufacturers for embedding Mantra biometric capabilities into third-party hardware and software platforms, with 100M+ modules deployed worldwide.
• Multi MABIS Multi-Application Biometric Integration Platform Multi-application biometric integration software platform enabling multimodal biometric capture (fingerprint, iris, face) to be deployed across diverse enterprise applications and government scheme workflows.
• Pravesh Lite Attendance Software Lightweight attendance and access management software offering biometric-driven employee check-in for enterprises seeking a focused workforce attendance solution.
• Monuk Visitor Management Software Visitor management software enabling biometrically verified visitor check-in, host notification, and audit logging for enterprise and government facilities.
• Mensa Canteen Management Software Canteen management software integrated with biometric authentication for meal entitlement tracking and automated billing in industrial, corporate, and government canteens.
• Biometric Tablet Portable Enrollment Station Portable biometric enrollment tablet used for field-level Aadhaar enrollment camps, last-mile enrollment drives, and mobile identity verification at remote locations.
• Access Control Door, Gate, and Turnstile Systems Biometric access control hardware covering door, gate, and turnstile systems integrated with MACS software and multi-factor authentication for enterprise and industrial facilities.

Quantifiable outcome

• 10x lower false acceptance rate vs. competition in biometric fraud stress testing
• +11 more outcomes

Named customers23 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability9 records

Feature11 records

Scale indicators32 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• NEC Corporation: NEC is a long-standing player in biometric face recognition (NeoFace) and national identification programs, with deployments across immigration, law enforcement, and citizen ID — comparable to Mantra's MXFace SDK and airport/border terminal solutions, though at a much larger global scale.
• Thales Group: Thales operates a digital identity and security business covering biometric enrollment, e-government, border management, and access control — overlapping with Mantra's citizen identification, border terminal, and government scheme work, with broader portfolio scale (defense, aerospace).

Direct peers

• IDEMIA: IDEMIA is the global leader in biometric identity solutions (fingerprint, face, iris) and secure credentials, serving governments and enterprises for national ID, border control, and authentication — directly comparable to Mantra's multi-modal biometric stack and Aadhaar/UIDAI-style deployments, but at materially larger global scale.
• Dermalog Identification Systems: Dermalog is a German manufacturer of biometric identification systems (fingerprint, face, iris) used in national ID, border control, and banking KYC — closely aligned with Mantra's UIDAI/Aadhaar-style deployments, banking KYC, and multi-modal biometric platform offerings.
• HID Global: HID Global is a major manufacturer of biometric readers (fingerprint and face), physical access control systems, and credentialing solutions, with comparable OEM modules and integrated software platforms — directly competing with Mantra's access control, fingerprint sensors, and biometric terminal businesses.
• ZKTeco: ZKTeco is a global manufacturer of biometric (fingerprint, face, IRIS) access control and time-attendance products, with strong international channel presence — directly comparable to Mantra's enterprise biometric attendance, access control, and OEM fingerprint sensor lines.
• Fingerprint Cards AB: Fingerprint Cards (FPC) is a Swedish supplier of biometric fingerprint sensor technology to OEMs globally, with deep integration into smartphones, payment cards, and access devices — directly comparable to Mantra's OEM fingerprint sensor modules business at the silicon/sensor layer.
• Suprema Inc. Suprema is a Korean manufacturer of biometric access control and time-attendance products (fingerprint and face) with strong OEM module presence — directly comparable to Mantra's fingerprint sensor modules, access control terminals, and enterprise workforce management offerings.

Emerging players

• Aware, Inc. Aware provides biometric software and SDKs (fingerprint, face, iris) for government and commercial identity programs — comparable to the algorithm/SDK layer of Mantra's MXFace and Mikshi offerings, with a more focused software-only business model.
• Innovatrics: Innovatrics provides biometric algorithms (fingerprint and face recognition) for government ID programs, with NIST-listed algorithms — comparable to Mantra's MXFace SDK and algorithm layer, though Innovatrics is software-only and smaller-scale than Mantra's full-stack offering.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat8 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mantratec
• LinkedInlinkedin.com/company/mantra-softech

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mantra Softech