Verasys Limited

What Verasys Limited does

Verasys Limited, operating commercially as VSign, is a Mumbai-based Licensed Certifying Authority under the Controller of Certifying Authorities (CCA), Ministry of Electronics & Information Technology, Government of India. Founded around 2016 and operating with 11-50 employees, the company issues legally valid electronic signatures under the IT Act 2000, primarily through its Class 3 Digital Signature Certificate (DSC) product line covering individuals, organisations, PFX and HSM-based document signers, and DGFT-specific certificates. Its products are delivered via a paperless, Aadhaar eKYC-backed issuance process that supports 24x7 approvals and integrates with more than 50 Indian government and corporate portals including Income Tax, MCA, GST, EPFO, DGFT, eProcurement, TRACES, NSDL, and PFMS.

The company's product surface extends beyond DSCs to a cloud-based eSign API and SignPDF portal supporting Aadhaar OTP, PAN, biometric fingerprint, and face-match authentication, plus a Verification API Stack covering bank account, GSTIN, PAN (OCR and Advanced), passport, Aadhaar, voter ID, telecom, and MCA data. Verasys also offers supporting PKI tools (USB tokens, PDF Signer software), eStamp, electronic timestamping, and Aadhaar KYC sub-KUA onboarding for RBI/SEBI-regulated entities. Technology is built on Public Key Infrastructure compliant with CCA guidelines; no proprietary AI/ML capabilities are disclosed.

Verasys monetises through one-time and multi-year DSC sales, usage-based eSign and Verification API pricing, perpetual PDF Signer licenses, hardware (USB token) sales, transaction fees on eStamp and verification services, and a partner-driven subscription/recurring model. Distribution is partner-centric: 30,000+ Registration Authority and Facilitation Centre partners across India handle issuance and earn commissions on tokens supplied at discounted rates, supplemented by self-service customer portals and an API-first go-to-market targeting Application Service Providers. Named enterprise users include Axis Bank, Bank of Baroda, ONGC, NTPC, Indian Oil, and Air India, alongside a long tail of individual and SMB compliance buyers; the company claims 2.5 million+ cumulative customers. Verasys is privately held with no disclosed institutional funding and has recently pursued strategic positioning in government outsourcing tenders, including a contested bid for the Ministry of External Affairs' overseas consular services contract.

Name

Verasys Limited

Legal name

VERASYS Technologies Pvt. Ltd.

Website

https://vsign.in

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Digital Signature and PKI Services

NAICS

Computer Systems Design and Related Services (54151)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Digital Identity, eKYC & Borrower Verification (Lending-Focused) (FSAGAHAF)

Keywords

• Digital signature certificates
• Electronic signature APIs
• PKI infrastructure services
• Identity verification APIs
• Document signing solutions

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Digital Signature Certificate (DSC) Sales: Revenue from issuance of Class 3 DSCs for individuals and organizations. Pricing includes certificate cost, USB token (optional), and support service tiers. One-time and renewal fees with validity periods of 1, 2, or 3 years.
2. eSign API Services: API-based electronic signature services enabling Application Service Providers to integrate eSign functionality. Revenue based on API usage for document signing with various authentication methods.
3. PKI Solutions and Software Licenses: PDF Signer software license sales and USB token hardware sales for digital signature and authentication purposes.
4. eStamp and Verification APIs: Revenue from eStamp services for legal document stamping and various verification APIs (bank, GST, PAN, passport, Aadhaar, etc.).
5. Partner Program - RA and FC Model: Partnership model where RA (Registration Authority) and FC (Facilitation Centre) partners earn commissions and bonuses on DSC issuances. Verasys provides tokens at discounted rates to partners.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Verasys Limited is a licensed Certifying Authority under India's Controller of Certifying Authorities (CCA), issuing Class 3 Digital Signature Certificates for individuals and organizations, providing eSign APIs, Document Signer solutions (PFX and HSM-based), DGFT DSCs, PDF Signer software, eStamp, Timestamp, Aadhaar-based eKYC, and Verification APIs. Its products are delivered through a direct API channel to ASPs, a SignPDF web portal, and a 30,000+ RA Partner and Facilitation Centre distribution network.

Product overview

Verasys Limited (operating as VSign) is a licensed Certifying Authority under the CCA, Government of India, providing a unified PKI and digital signature platform. The core offering is its Class 3 Digital Signature Certificate (DSC) product line — including individual and organisational DSCs, PFX-based and HSM-based Document Signers, and DGFT-specific DSCs — which are the foundational cryptographic certificates enabling legally valid electronic signatures per the IT Act. Built atop this, the company offers the eSign API and SignPDF portal as cloud-based electronic signature services using Aadhaar OTP, PAN, biometric fingerprint, and biometric face-match authentication, eliminating the need for physical tokens. The product portfolio further extends to supporting PKI solutions (USB Token, PDF Signer software), document services (eStamp, Timestamp), identity verification (Aadhaar KYC enabling subKUA onboarding for regulated entities), and a Verification API Stack covering bank account, PAN, passport, voter ID, and MCA data. Distribution is managed through RA and Facilitation Centre partner models.

Differentiator

Problem solved

Functional benefit

Brands

• VSign: India's leading DSC and eSign Portal enabling legally valid electronic signatures as per IT Act and CCA guidelines.
• SignPDF

Products and services

• Class 3 Digital Signature Certificate (Individual) CCA-licensed Class 3 DSC issued to individual applicants for personal digital signing use cases such as income tax e-filing, MCA filings, and e-tendering.

Quantifiable outcome

• 2.5 million+ happy customers
• +2 more outcomes

Named customers16 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

Feature8 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Adobe Acrobat Sign: Adobe's electronic signature offering within Acrobat and enterprise document workflows. Broad incumbent competing for high-end eSignature and document signing use cases globally.
• DocuSign: Global leader in electronic signatures and contract lifecycle management. Broad incumbent in the eSign space; competes indirectly with Verasys for enterprise digital signing, though not a CCA-licensed CA in India.

Emerging players

• Signzy: Bangalore-based digital trust and KYC verification platform serving banks and fintechs. Overlaps with Verasys's verification APIs and Aadhaar KYC offerings.
• Karza Technologies: Mumbai-based provider of KYC, verification, and due-diligence APIs for BFSI and fintech. Adjacent competitor in the verification API stack space where Verasys also operates.

Direct peers

• Capricorn Identity Services: Licensed Certifying Authority in India offering Class 3 DSCs and eSign services. Competes head-to-head with Verasys for individual and enterprise DSC customers.
• eMudhra Limited: India's largest listed Certifying Authority issuing DSCs and eSign services under CCA licensing. Directly competes with Verasys in the same DSC and eSign market with similar products and enterprise customer base.
• Pioneer e-Cloud Solutions: Licensed Certifying Authority offering DSC, eSign, and document signing services in India. Directly competes with Verasys for individual and organizational DSC customers.
• CSC e-Governance Services India Limited: Government-promoted entity operating Common Service Centres for digital services including DSC issuance. Competes with Verasys in distribution scale and government-mandated DSC volumes.
• NSDL e-Governance Infrastructure Limited: Subsidiary of NSDL providing eSign and digital identity services in India. Competes directly with Verasys in eSign APIs and Aadhaar-based authentication, with deeper institutional backing.

Others

• Infosys Finacle (Digital Signing): Banking platform provider that integrates digital signing and verification within core banking systems. Adjacent ecosystem participant that consumes or competes with Verasys's API stack in BFSI deployments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/verasys
• LinkedInlinkedin.com/company/verasys-technologies-pvt-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Verasys Limited