AYANWORKS

What AYANWORKS does

AYANWORKS Technology Solutions Private Limited, founded in 2015 and headquartered in Pune, India, is a deep-technology company that engineers sovereign-grade digital trust infrastructure for governments and regulated enterprises. The company's product architecture is built on two tiers: CREDEBL, an open-source platform registered as a Digital Public Good by the UN-endorsed Digital Public Goods Alliance and hosted under the Linux Foundation Decentralized Trust, which implements the W3C issuer-holder-verifier model for decentralized identifiers (DIDs) and verifiable credentials; and Sovio, an enterprise SaaS platform built on the same trust infrastructure, offering modules for document verification (Pramaan), tokenized KYC (Parichay), multi-factor authentication (Multiauth), threat intelligence (Sanket), consent management, digital wallets, verifiable credential issuance (DigiCreds), and trust registries (Setu). The supporting EduCreds and ADEYA products address academic credentialing and mobile wallet deployment respectively. Technology is grounded in W3C, DIF, OpenID4VC, ToIP, and ISO mDoc standards, with active deployment experience on Polygon and Ethereum blockchains following a migration from Hyperledger Indy.

Name

AYANWORKS

Legal name

AYANWORKS Technology Solutions Private Limited

Website

https://ayanworks.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

AYANWORKS builds open-source and enterprise digital trust infrastructure — including its Digital Public Good CREDEBL and Sovio SaaS platform — for governments and regulated industries, enabling decentralized identity, verifiable credentials, tokenized KYC, and consent-based data sharing at national scale.

Ownership category

akta.pro rank

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Enterprise SaaS Platform (Sovio): Subscription-based SaaS platform for enterprises across banking, NBFC, government, education, travel, hospitality, and healthcare sectors. Multi-tenant cloud deployment with enterprise SLAs. Product suite includes Pramaan, Parichay, Multiauth, Wallet, Digicreds.
2. CREDEBL Deployment & Support: Three deployment models: SDK (libraries for embedding credentialing), SaaS (AYANWORKS-hosted service), and Hosted (on-prem/private cloud). Enterprise support tiers include Open Source (free community), Standard ($2,999/month), and Enterprise (custom pricing).
3. Government DPI Implementation: Custom engineering and deployment services for national-scale digital identity programs. Governments engage AYANWORKS for design, deployment, and operational support of sovereign-grade identity infrastructure.
4. Managed Services Add-ons: Additional services including managed CREDEBL hosting, infrastructure management, custom wallet app development, and wallet SDK integration support.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels9 records

Core offering

AYANWORKS engineers sovereign-grade digital trust infrastructure for governments and enterprises, anchored by CREDEBL (an open-source Digital Public Good for verifiable credentialing using W3C standards) and Sovio (an enterprise SaaS platform offering identity verification, credential wallets, tokenized KYC, multi-factor authentication, threat intelligence, and consent management). The company also offers EduCreds for academic credentials and ADEYA mobile wallet SDK, deployed at national scale for digital identity programs.

Product overview

AYANWORKS offers a two-tier product architecture: CREDEBL, an open-source Digital Public Good (DPG) for verifiable credentialing that serves as the foundational DPI building block for national-scale identity programs; and Sovio, an enterprise SaaS platform built on the same trust infrastructure for regulated industries. The Sovio platform comprises eight integrated modules including Pramaan (document verification), Sovio Wallet (identity wallet), Parichay (tokenized KYC), Multiauth (multi-factor authentication/passkeys), Sanket (threat intelligence), Consent (consent records), DigiCreds (verifiable credentials issuance), and Setu (trust registry). Supporting products include EduCreds for academic credential issuance and ADEYA mobile wallet SDK. All offerings are built on open standards including W3C DID Core, W3C Verifiable Credentials, OpenID4VC, and DIF protocols.

Differentiator

Problem solved

Functional benefit

Brands

• CREDEBL: Open-source Digital Public Good (DPG) for verifiable credentialing — a DPI building block for national-scale trust ecosystems. Implements the complete issuer-holder-verifier trust model defined by W3C standards. Originally developed by AYANWORKS and contributed to the Linux Foundation Decentralized Trust.
• Sovio
• EduCreds
• ADEYA

Products and services

• CREDEBL Open-source Digital Public Good (DPG) for verifiable credentialing and decentralized identity. Implements the complete issuer-holder-verifier trust model using W3C standards (DID Core, Verifiable Credentials, OpenID4VC) enabling governments and enterprises to issue, store, present, and verify digital credentials at population scale. Hosted under Linux Foundation Decentralized Trust.
• Sovio Enterprise SaaS platform delivering national-scale trust engineering for organizations in regulated industries including banking, NBFC, government, education, travel, hospitality, and healthcare. Provides credential issuance, wallets, authentication, and consent management as cloud-native microservices with enterprise SLAs.
• EduCreds Blockchain-based verifiable certificates issuance platform for academic credentials, enabling tamper-proof digital diploma, transcript, and certificate issuance aligned with National Education Policy (NEP) requirements.
• ADEYA Mobile wallet application for storing, managing, and presenting verifiable credentials on mobile devices. Supports multi-tenant deployment and white-labelling for embedding into existing applications.

Quantifiable outcome

• 60-80% reduction in KYC operational costs per new account through reusable verifiable credentials
• +3 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature7 records

Partnerships

16 partnerships are on record, tiered core and minor.

• Digi Yatra FoundationcoreStrategic or Co-development Partner · 17 June 2026Collaboration on international digital travel credentials POC under IATA's Contactless Travel technical trials. CREDEBL served as foundational open-source platform enabling interoperability and global standards alignment for Digi Yatra's international contactless travel proof-of-concept.
• IndiGo AirlinescoreStrategic or Co-development Partner · 17 June 2026Partnership in IATA Contactless Travel POC demonstrating international travel credential interoperability. IndiGo implemented international mobile boarding passes as part of the demonstration.
• SITAcoreTechnology or Integration · 17 June 2026SITA provided biometric infrastructure and third-party wallet interoperability for IATA digital travel credentials POC. Partnered for cross-ecosystem interoperability validation.
• BLR Airport (Kempegowda International Airport)coreStrategic or Co-development Partner · 17 June 2026Bangalore International Airport provided on-ground infrastructure for IATA digital travel credentials POC demonstrating live airport environment testing.
• Linux Foundation Decentralized Trust (LFDT)coreStrategic or Co-development Partner · 16 September 2024CREDEBL hosted as LFDT project. Founding member of new umbrella organization for blockchain, identity, cryptographic, and interoperability technologies. LFDT consolidation includes Hyperledger projects and Hedera codebase.
• Bhutan NDI (Druk Holding & Investments)coreStrategic or Co-development PartnerNational Digital Identity program deployment on CREDEBL. Bhutan NDI migrated from Hyperledger Indy to Polygon blockchain, now integrating with Ethereum. Platform serves citizens across Bhutan with decentralized identity credentials.
• Papua New Guinea DICTcoreStrategic or Co-development PartnerSevisPass digital ID pilot in collaboration with DHI Bhutan and powered by CREDEBL. Pilot launched October 2024 targeting 10,000 users with seven government services. Supported by UN DESA, Australian High Commission, ITU, and GovStack.
• NPCI (National Payments Corporation of India)coreStrategic or Co-development PartnerCompleted Proof of Concept for tokenized KYC in capital markets. System enables investors to receive reusable KYC credentials for Unified Markets Interface (UMI), eliminating separate KYC submissions to market intermediaries.
• NIPER MohalicoreImplementation/ SI/ Consulting PartnerSigned MOU for digital verifiable degree certificates. Provided EduCreds platform for issuing blockchain-secured digital credentials to postgraduates during 15th Convocation, aligned with National Education Policy.
• PolygoncoreTechnology or IntegrationBhutan NDI migrated to Polygon blockchain from Hyperledger Indy. Polygon serves as underlying blockchain for CREDEBL-based national identity deployments, providing security, scalability, and EVM compatibility.
• Hyperledger FoundationminorStrategic or Co-development PartnerActive contributor to Hyperledger ecosystem. Team participated in Hyperledger Innovate 2024 Pune meetup. Previously used Hyperledger Indy for early deployments before migrating to other chains.
• Decentralized Identity Foundation (DIF)coreStrategic or Co-development PartnerActive contributor to DIF protocols and specifications. Implements DIF Presentation Exchange, DIF Well Known DID Configuration, and other DIF standards in CREDEBL platform.
• Trust Over IP (ToIP) FoundationcoreStrategic or Co-development PartnerContributing to ToIP governance and tech stack. Implements four-layer governance architecture for digital trust ecosystems aligned with ToIP Governance Stack model.
• OpenWallet FoundationminorStrategic or Co-development PartnerEcosystem contributor to OpenWallet Foundation focused on interoperability standards for digital wallets.
• NASSCOMminorStrategic or Co-development PartnerActive participation in NASSCOM DPI and SSI working groups shaping India's digital public infrastructure policy and standards.
• Digital Public Goods Alliance (DPGA)coreStrategic or Co-development PartnerCREDEBL registered as Digital Public Good by DPGA. Maintains ongoing relationship for DPG promotion and alignment with UN digital public goods initiatives.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Indicio.tech: Decentralized identity vendor offering verifiable credential platforms (Indicio Proven) for governments and enterprises. Directly comparable: open-source DID/VC stack, sovereign-grade deployments, and active contributor to Hyperledger/LFDT.
• MATTR: Provider of a verifiable credentials and decentralized identity platform (MATTR Platform) used by governments and enterprises for digital trust. Comparable as a standards-led, DID/VC-native competitor with national-scale ambitions.
• Danube Tech: Open-source W3C/DIF-aligned SSI/DID implementation house behind products like the Danube Cloud and uPort lineage. Closely comparable focus on verifiable credentials, EU eIDAS integration, and open governance.
• Trinsic: Developer-friendly decentralized identity platform (Trinsic Studio, IDX) offering credential wallets and issuer/verifier SaaS. Comparable target market (enterprises building verifiable credential ecosystems) and open-standards foundation.
• Affinidi: Decentralized identity platform from Temasek/Schaffhausen origin offering verifiable credentials, consent management, and a developer portal. Comparable in offering reusable, consent-based KYC and verifiable credentials for enterprises and governments.

Emerging players

• GLEIF (Global LEI Foundation) / vLEI ecosystem: Issues verifiable LEIs (vLEI) using decentralized identity for organizational identity across financial services. Related mission in verifiable organizational credentials and DPI-adjacent trust infrastructure.

Broad incumbents

• Microsoft Entra Verified ID: Microsoft's enterprise decentralized identity offering built on W3C standards as part of Entra. Overlaps in issuing and verifying verifiable credentials at enterprise scale, with the backing of a global hyperscaler.
• ID.me: Large-scale identity verification platform used by US government agencies and enterprises for KYC and login. Overlaps in trusted digital identity for regulated sectors and competes indirectly via Parichay/Pramaan positioning.

Others

• Digital Identity on Blockchain (DIACC) / ToIP-style consortia: Non-profit consortium advancing digital identity and verifiable credential frameworks (e.g., PCTF, Pan-Canadian Trust Framework). Ecosystem/standards counterpart shaping the regulatory environment AYANWORKS competes within.
• Hedera Hashgraph (HBAR Foundation): Public distributed ledger and ecosystem grantor that awarded AYANWORKS a $250K grant via the Hedera India Hackathon. Not a direct competitor but an enabling infrastructure/ecosystem partner relevant to CREDEBL integrations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/ayanworkstech
• GitHubgithub.com/ayanworks
• YouTubeyoutube.com/@ayanworks
• LinkedInlinkedin.com/company/ayanworks
• Facebookfacebook.com/ayanworks.solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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 AYANWORKS