Building blocks: A listing of blockchain, distributed ledger technology companies in India

Anand Murali December 7, 2017 6 min

For some, blockchain is a fad as a technology that will eventually pass. For others, it is a deep technology that is here to stay  — one that will eventually be as epochal as the internet. Even though the technology is still in a nascent stage, development talent is scarce, and many of the solutions are still in the proof-of-concept (POC) stage, companies and governments are very bullish about it.

Countries like Estonia have already deployed blockchain for governance in sectors such as healthcare. Even in India, the NITI Aayog is said to be in the process of putting many governance projects on to its blockchain solutions which will be called IndiaChain.

Also read: Blockchain could be the single dashboard that governments in India badly need

The boom in demand for blockchain solutions have given rise to more than a handful of companies in India that are providing blockchain-based products like identity management and cross border remittance or even developing custom solutions for enterprises.

We have compiled a list of such companies from across India working in the blockchain space. This is not a comprehensive list of blockchain companies in India. We have excluded some of the big IT service companies that are also offering blockchain solutions to its clients and are focused on smaller and newer companies in comparison. To suggest a blockchain company that deserves to be in this roundup or to update information on any of the startups featured here, please fill in this form.

 

Aetlo Tech

Founders: Adarsh Kumar, Rupesh Kumar Mishra
Founding year: 2017
Location: Mumbai
What they do: Aetlo Tech is an enterprise blockchain solutions company developing solutions for KYC, insurance management and supply chain networks.


Akasa Labs

Founders:  A Aravind Bharathi, Cibilan James
Founding year: 2014
Location: Bengaluru
What they do: Akasa Labs is a blockchain service company providing solutions for the supply chain management space. Its product incorporates features like smart contracts to execute trade and also provides IoT-based tracking and management of consignments.


Auxesis

Founder: Akash Gaurav
Founding year: 2014
Location: Mumbai
What they do: Auxesis is an enterprise blockchain solutions company catering to the governance, cross-border remittance, insurance, IoT, supply chain and capital market trading spaces. One of its main products is Auxledger, an enterprise grade blockchain infrastructure solution.


AyanWorks Technology Solutions

Founder: Ajay Jadhav
Founding year: 2015
Location: Pune
What they do: AyanWorks is a technology service company also providing blockchain-based solutions for companies. Its solutions include copyright and royalty distribution for the media industry, payment solution using platforms like NPCI UPI platform with Bitcoin and Ethereum as a cryptocurrency, and document authentication and verification platform.


Bitgram

Founders: Pria Randolph, Rohit Chaturvedi
Founding year: 2017
Location: Bengaluru
What they do: Bitgram is working on blockchain-based data sovereignty and consumer data protection platform. One of the products they are developing helps with real-time loan tracking to prevent NPAs and fraud.


Blockonomics

Founder:  Shiva Sitamraju
Founding year: 2014
Location: Hyderabad
What they do: Blockonomics has developed a blockchain-based peer-to-peer encrypted invoicing system which will allow users to invoice anonymously and accept payments in Bitcoins directly to the wallet.


Cateina Technologies

Founder: Sanachit Mehra
Founding year: 2016
Location: Mumbai
What they do: Cateina Technologies is developing blockchain-based solutions for business process automations. One solution helps with real time tracking of assets on a shared, permissioned ledger.


ClusterX

Founder: Venkat Ramani B
Founding year: 2016
Location: Chennai
What they do: ClusterX is a technology service company building solutions in the blockchain and data analytics space.


ChainFrame

Founder: Nitin Shukla
Founding year: 2016
Location: New Delhi
What they do: Chainframe builds solutions using blockchain distributed apps and hybrid systems. One of their products called Aana is a customisable private network aimed at the enterprise space.


Codemojo

Founders:  Vijaykrishna Ramanathan, Shoaib A
Founding year: 2014
Location: Bengaluru
What they do: Codemojo has developed a blockchain and Ethereum-based customer engagement and rewards platform for companies.


Darwin Labs

Founders: Sahil Baghla, Nikunj Jain
Founding year: 2016
Location: Gurugram
What they do: Darwin Labs is a technology solutions service company developing apps and other solutions based on technologies including blockchain.


Elemential Labs

Founder:  Aaryaman Vir Shah
Founding year: 2015
Location: Mumbai
What they do: Elemential Labs is developing solutions based on Bitcoin, Ethereum and technologies like Tendermint, Hyperledger and Corda.


eMudhra

Founder:  V Srinivasan
Founding year: 2008
Location: Bengaluru
What they do: eMudhra is a licensed Certifying Authority (CA) of India and provides digital signature certificates. The company is also working on developing blockchain-based solutions for use cases like digital identity and authentication.


EzyRemit

Founders: Vishal Anand Kanvaty, Abhijeet Jaswal
Founding year: 2016
Location: Bengaluru
What they do: EzyRemit has developed a cross-border remittance platform based on blockchain technology. The company also has also developed an intra-company funds settlement platform.


KrypC

Founders: Ravi Jagannathan, Venkataraman V S
Founding year: 2016
Location: Bengaluru
What they do: KrypC has developed KrypCore, a middleware platform for enterprises to create custom-built blockchain solutions without much coding effort.


MindDeft Technologies

Founder:  Krunal Soni
Founding year: 2015
Location: Ahmedabad
What they do: Mindeft is a blockchain solutions service company developing decentralised apps, smart contracts and other blockchain-based solutions for enterprises.


Pivotchain

Founder: Deepak Rao
Founding year: 2017
Location: Pune
What they do: PivotChain is a technology solutions services company working on technologies including blockchain, cryptography and distributed computing.


Primechain

Founders:  Shinam Arora, Rohas Nagpal
Founding year: 2016
Location: Pune
What they do: Primechain is a blockchain solutions company focusing on developing products for the banking, governance, insurance, and manufacturing sectors, among others. It is also part of the BankChain consortium for developing blockchain-based solutions for the banking industry.


Psi Phi Blockchain Labs

Founders: Gaurav Kumar, Aditya Prasad
Founding year: 2016
Location: Bengaluru
What they do: Psi Phi is developing blockchain solutions for the supply chain, healthcare and telecom sector.


GetXS

Founder:  Hitesh Malviya
Founding year: 2016
Location: Mumbai
What they do: GetXS has developed a blockchain-based digital identity solution for users to authenticate securely over internet.


Records Keeper

Founders: Toshendra Sharma and Rohendra Singh
Founding year: 2016
Location: Gurugram
What they do: ReordsKeeper has developed a blockchain-based Immutable Data Security Solution that can also act as a tool to generate a Proof-of-Existence, Proof-of-Authenticity and Proof-of-Integrity of a file, record, document, certificate or degree on blockchain.


Signzy

Founders:  Ankit Ratan, Ankur Pandey
Founding year: 2015
Location: Bengaluru / Pune
What they do: Signzy has developed blockchain-based solutions like digital KYC and digital contracts on the blockchain for the financial and insurance sector.


Sofocle Technologies

Founder:  Nidhi Chamria
Founding year: 2016
Location: Noida
What they do: Sofocle Technologies has developed blockchain based solutions for supply chain financing, supply chain management and autonomous claim processing.


Somish (GovBlocks)

Founder:  Ish Goel
Founding year: 2006
Location: New Delhi
What they do: Somish offers blockchain solutions service company with a focus on the BFSI, agriculture, aviation and governance sectors. The company has developed GovBlocks, a protocol for implementing decentralised governance on applications built using blockchain platforms like Ethereum.


StaTwig

Founder:  Sid Chakravarthy
Founding year: 2016
Location: Hyderabad
What they do: StaTwig has developed IoT and blockchain technology solutions to provide real-time end-to-end tracking for supply chains.


 


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