MageID - About the company
MageID is an unfunded company based in Ahmedabad (India), founded in 2015 by Hiren Bhandari. It operates as a Video-based KYC solutions for multiple sectors. MageID has not raised any funding yet. The company has 2350 active competitors, including 438 funded and 317 that have exited. Its top competitors include companies like ComplyAdvantage, Yoti and IDnow.
Company Details
Video-based KYC solutions for multiple sectors. It provides tools to connect the agent & the customer through a video call and verify the ID documents & examinations. Its features are AI-based face match via video calls, authentication of the customer database, Aadhar card verification, portal for booking online appointments, facial APIs for existing infrastructure, and more.
- Website
- mageid.com
- Email ID
- *****@mantratec.com
- Phone Number
- +91 **********
- Registered Address
- B-203, 2ND FLOOR, SHAPATH HEXA, NR. GUJARAT HIGH COURT, OPP. KARGIL PETROL PUMP, S.G. HIG, HWAY, SOLA, Ahmedabad, AHMEDABAD, Gujarat, India, 380060
Key Metrics
Founded Year
2015
Location
Ahmedabad, India
Stage
Unfunded
Ranked
285th among 2350 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
678 as on May 31, 2025
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Legal entities associated with MageID
MageID is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
MANTRA SOFTECH (INDIA) PRIVATE LIMITED CIN: U72200GJ2006PTC048092 , India, Active | Apr 06, 2006 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 811 (As on May 31, 2026) |
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MageID's funding and investors
MageID has not raised any funding rounds yet.
MageID's founders and board of directors
Founder? Claim ProfileThe founders of MageID is Hiren Bhandari.
Here are the details of MageID's key team members:
- Hiren Bhandari: Founder of MageID and founder of 3 other companies, mxface, Minop and Mantra Softech. They serve on the boards of 2 companies.Contact Info: 1 phone number
View details of MageID's Founder profiles and Board Members
MageID's employee count trend
MageID has 678 employees as of May 25. The total employee count is 22.0% more than what it was in May 24. Here is MageID's employee count trend over the years:
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MageID's Competitors and alternates
Top competitors of MageID include ComplyAdvantage, Yoti and IDnow. Here is the list of Top 10 competitors of MageID, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  ComplyAdvantage 2014, London (United Kingdom), Series C | Cloud-based AML solutions | $171M | 76/100 | |
2nd |  Yoti 2014, London (United Kingdom), Series B | Provider of privacy-focused identity and age solutions | $210M | 75/100 | |
3rd | Provider of automated and expert-led identity verification and digital trust services | $40M | 75/100 | ||
4th |  Sift 1997, San Francisco (United States), Series D | Provider of an AI-powered platform for fraud detection and prevention | $162M | 75/100 | |
5th | M2P Fintech 2014, Chennai (India), Series D | Provider of APIs enabling banking, lending, and payment financial services | $215M | 74/100 | |
6th |  Riskified 2013, New York City (United States), Public | AI-based payment fraud prevention solutions for e-commerce solution | $232M | 74/100 | |
7th |  Symphony 2014, New York City (United States), Series E | Compliance management solutions for financial institutions | $461M | 74/100 | |
8th | Entrust 1969, Dallas (United States), Acquired | Provider of identity-centric security solutions, including issuance and data protection | - | 74/100 | |
9th | AI-based crypto payments and fraud prevention solutions for businesses | $19M | 73/100 | ||
10th | Platform offering E- Commerce analytics solutions | $28.2M | 73/100 | ||
285th | Video-based KYC solutions for multiple sectors | - | - | 46/100 |
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MageID's Investments and acquisitions
MageID has made no investments or acquisitions yet.
Reports related to MageID
Here is the latest report on MageID's sector:
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