Verifacts

What Verifacts does

Verifacts Services Private Limited is an India-headquartered background verification firm that has operated for over 20 years (founded circa 2003-2005) from Bengaluru, with active service delivery across India, Singapore, and the Philippines. The company employs 501-1,000 people and serves corporate clients across BFSI, IT/ITES, Manufacturing, E-Commerce, Immigration, Consultancy, FMCG, and Travel/Leisure verticals. Its offerings are organized into three core service lines: Employee Screening, Corporate Screening, and Customer Verification, supported by a modular catalog of 30+ individual checks including education, employment, criminal, address, identity, credit, court record, drug, psychometric, social media, moonlighting/dual-employment, and document verifications.

The underlying platform is centered on VIBE (vibe.verifacts.co.in), a web-based client portal that supports request submission, real-time tracking, and result delivery for registered enterprise clients. Verifacts' technology stack is defined less by proprietary algorithms than by authorized integrations with authoritative Indian data sources: NSDL E-Governance Infrastructure Ltd. for real-time PAN/TAN verification, UIDAI-compliant E-KYC for Aadhaar authentication, CIBIL and Equifax for credit checks, NABL-accredited labs with Medical Review Officers for drug screening, and Bar Council of India-registered law firms for court record verification. The company is ISO and BSI certified, is affiliated with NAPBS and NASSCOM, and exposes a UAN-based moonlighting detection capability leveraging EPFO data.

Verifacts operates a sales-led, direct enterprise go-to-market with published per-check pricing (INR 250-2,500 depending on service type) and a self-service inside-sales layer via the VIBE portal. Revenue is generated primarily through B2B contracts for employee screening and customer KYC at unit prices disclosed on the website, with most enterprise engagements likely quote-based at scale. Marketing is conducted through content (blog, YouTube 'Visual Lab,' case studies, trend reports), executive thought leadership, and SEO-driven service pages, with no disclosed funding rounds, parent company, or institutional investors — the firm appears to be founder/management-owned.

Name

Verifacts

Legal name

Verifacts Services Private Limited

Website

https://verifacts.co.in

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Verifacts Services is a Bengaluru-headquartered background verification firm with 501-1,000 employees operating across India, Singapore, and the Philippines. It provides 30+ modular employee, customer, and corporate screening checks to enterprise clients across BFSI, IT, manufacturing, and other verticals via a VIBE web portal.

Ownership category

akta.pro rank

Product category

Background Verification Services

NAICS

Investigation and Personal Background Check Services (561611), Credit Bureaus (561450)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Identity Verification (ID, SSN Trace, KYC-lite) (BPACALAD)

akta.pro secondary industries

Credential, Education & Professional License Verification (BPAKAEAI), Employee Verification & Background Check Coordination (BPAAAIAG), Identity, Address & Reference Verification (BPAKAEAJ), Data, Evidence & Document Verification (IDV) for KYC (FSAMAMAN)

Keywords

• Background verification services
• Employee screening checks
• Corporate due diligence
• Customer KYC verification
• Pre-employment screening

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Background Verification Services (Per-Check/Package Pricing): Verifacts generates revenue by charging per individual verification check or as bundled service packages to corporate clients. Services include Employee Screening (education, criminal, address, reference, identity, database, credit, gap, CV validation, drug, psychometric, fingerprint, passport, driving license, directorship, bank statement, Form 16, social media profiling, global/regulatory database, deep web searches), Customer Verification (address, national ID, PAN, Aadhaar, passport, voter ID, driving license, E-KYC, profile check, ITR, bank statement, economic check, reference), Corporate Screening (company credit score, PAN & TAN, reference, criminal, E-KYC, court record, police record, deep web, directorship, corporate due diligence), and specialized services (moonlighting/dual employment, colour blindness, traffic violation, pre-employment health check-ups). Pricing is per-check with starting prices ranging from INR 250 to INR 2,500 depending on service type.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

Verifacts provides comprehensive background verification (BGV) services to corporate and enterprise clients through three core lines: Employee Screening (education, employment, criminal, identity, address, credit, drug, reference, social media and other candidate checks), Corporate Screening (company credit score, PAN/TAN, criminal, court records, directorship, corporate due diligence), and Customer Verification (KYC, e-KYC, address, PAN, Aadhaar, passport, voter ID, ITR, bank statement, economic checks). The company combines a field-based Pan-India verification network with a web-based VIBE client portal and integrates with NSDL, UIDAI, CIBIL, and Equifax to deliver real-time authenticated reports.

Product overview

Verifacts is a background verification company offering a modular platform with three core service categories: Employee Screening, Corporate Screening, and Customer Verification. The BGV (Background Verification) core product serves as the overarching service for comprehensive candidate and entity verification. Employee Screening includes individual modules such as Education Check, Address Check, Criminal Check, Identity Check, Database Check, Credit Check, Gap Check, CV Validation Check, Drug Check, Fingerprint Scanning, Social Media Checks, Psychometric Check, and various identity document verifications (PAN Card, Aadhaar, Passport, Voter ID, Driving License). Corporate Screening includes Company Credit Score Check, PAN & TAN Check, Criminal Record Check, Police Record Verification, Court Record Check, Deep Web Searches, Directorship Check, Corporate Due Diligence, E-KYC, and Reference Check. Customer Verification covers Address Check, National ID Check, Profile Check, E-KYC, ITR Check, Economic Check, Bank Statement Check, and document-specific verifications. The platform integrates with CIBIL and Equifax for credit checks, NSDL for PAN Card verification, and UIDAI for E-KYC services.

Differentiator

Problem solved

Functional benefit

Products and services

• Background Verification (BGV)
• Employee Screening
• Corporate Screening
• Customer Verification
• Moonlighting Check / Dual Employment
• Colour Blindness Check
• Traffic Violation Check

Quantifiable outcome

• Over 20 years of industry experience in background verification
• +1 more outcomes

Named customers5 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

Integration5 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and secondary.

• NSDL E-Governance Infrastructure Ltd. (NSDL e-gov)coreTechnology or IntegrationVerifacts is officially empanelled by NSDL E-Governance Infrastructure Ltd. and authorized to conduct comprehensive PAN Card and TAN Card verifications on behalf of clients. Data is uploaded in real time to the personalized Verifacts interface.
• CIBIL (Credit Information Bureau India Limited)coreTechnology or IntegrationVerifacts conducts comprehensive credit check verifications in association with CIBIL, which maintains credit information for over 500 million individuals and businesses in India. CIBIL credit scores and reports provide a clear picture of credit history and financial reputation.
• EquifaxcoreTechnology or IntegrationVerifacts conducts credit checks in association with Equifax, which collects and aggregates information on over 800 million individual consumers and more than 88 million businesses worldwide, enabling global credit verification capabilities.
• UIDAI (Unique Identification Authority of India)coreTechnology or IntegrationVerifacts' E-KYC platform is fully compliant with UIDAI guidelines for E-KYC process in India, enabling electronic identity verification of customers and candidates.
• NAPBS (National Association of Professional Background Screeners)coreStrategic or Co-development PartnerVerifacts maintains membership/affiliation with NAPBS, the National Association of Professional Background Screeners, signaling adherence to industry standards and best practices in background verification globally.
• NASSCOMsecondaryStrategic or Co-development PartnerVerifacts is associated with NASSCOM, India's premier IT industry association, supporting verification services for IT/ITES sector clients and demonstrating industry credibility.
• NABL-Accredited Diagnostic Centres & Certified LaboratoriescoreStrategic or Co-development PartnerVerifacts partners with leading NABL-accredited diagnostic centres and certified laboratories across India to conduct accurate and legally compliant drug screening. All positive results are independently reviewed by certified Medical Review Officers (MROs).
• Law Firms Registered with Bar Council of IndiacoreImplementation/ SI/ Consulting PartnerVerifacts conducts Court Record Verification checks in association with leading law firms registered with the Bar Council of India, ensuring high accuracy, ethical compliance, and complete confidentiality in legal record verification across High Courts and Supreme Court of India.
• ISO CertificationcoreOthersVerifacts maintains ISO certification for its quality management system, demonstrating adherence to international standards for verification process quality and consistency.
• BSI (British Standards Institution)secondaryOthersVerifacts maintains BSI certification for its quality management processes, providing additional assurance of process standards and compliance.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AuthBridge: AuthBridge is one of India's largest background verification firms, offering employee screening, customer KYC, and digital identity verification services. It is the closest India-based direct competitor to Verifacts across product scope (employee, customer, corporate checks) and target market (enterprise HR and compliance buyers).
• IDfy (Sievert Larsen): IDfy is an India-based identity verification and BGV platform offering employee background checks, KYC, and facial/biometric verification through APIs. It directly overlaps with Verifacts' employee screening and customer verification lines and competes for the same enterprise and fintech clients.
• SpringVerify (Springworks): SpringVerify is an India-focused BGV platform offering employee background checks, criminal/address verification, and reference checks. It targets the same SMB-to-mid-market enterprise segment as Verifacts and represents direct competitive pressure in the Indian BGV market.
• OnGrid: OnGrid is an India-based digital trust and background verification platform offering employee, vendor, and customer verification with API-first delivery. It directly competes with Verifacts on India-centric employee screening and KYC mandates.
• MyRegards: MyRegards is an India-based employee background verification firm covering education, employment, address, criminal, and reference checks. It competes with Verifacts for enterprise and staffing-firm BGV volumes across India.

Broad incumbents

• First Advantage: First Advantage is a global background screening incumbent offering pre-employment screening, identity verification, and compliance services across 200+ countries. It competes with Verifacts for multinational employer accounts requiring global BGV coverage and is a key benchmark for international enterprise mandates.
• HireRight: HireRight is a global employment screening provider covering background checks, drug testing, and identity services for enterprise employers. It competes with Verifacts for multinational and large Indian enterprise BGV contracts and represents the global incumbency benchmark.

Emerging players

• HireSure: HireSure is an emerging India-based BGV startup focused on tech-enabled background verification for employers and gig platforms. It overlaps with Verifacts' employee screening services and is representative of the technology-native next-generation competitors.

Others

• CIBIL (Credit Information Bureau India Limited): CIBIL is India's primary credit bureau and is both a data partner and adjacent ecosystem participant to Verifacts. It is included as a peer because credit verification is one of Verifacts' core checks, and CIBIL represents the upstream data infrastructure that BGV firms rely on.
• Equifax India: Equifax is a global credit bureau with operations in India, serving as a data partner and indirect competitor in the credit-check segment of BGV services. It is included as a peer due to its role in Verifacts' credit verification offerings and its broader presence in the identity verification ecosystem.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@verifacts
• LinkedInlinkedin.com/company/verifacts
• Xx.com/verifactssvcs

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Verifacts