Digital authentication startup eMudhra looks to make a mark abroad
Pushed by goods and services tax, which has caused many corporate processes to go digital, eMudhra has seen a jump of 75% in the number of digital signatures issued.
eMudhra, which has completed the Web Trust audit process, is also on its way to conclude its certification that will enable the company to spread its wings beyond India. Among emerging economies in South East Asia, eMudhra is trying to enter Singapore, Thailand, and Malaysia. Furthermore, besides the Middle East, the company is also trying to go to east African countries such as Tanzania and Kenya.
“We have issued around 15 million digital signature certificates serving more than 35 million customers and have partnered with more than 100 large enterprises and government agencies to help their systems go paperless,” said V Srinivasan, chairman, eMudhra.
In a recent move, the company has also launched emSigner, a cloud-based automatic signing and workflow automation solution for big corporates that have significant paperwork to get done every day.
Srinivasan said that besides the ability to integrate with Tally, it can also help companies issue digitally signed, GST-compliant invoices to its vendors, thereby bringing in work efficiency.
Major companies such as Infosys, Amazon and Wipro have already adopted this solution.
Besides looking for market opportunities outside India, eMudhra also senses opportunities in the blockchain space. With the government committed to enhancing the use of blockchain in the Indian administration, an authenticated digital signature will be a crucial connecting point.
“With the proliferation of blockchain, there will be more utility of digital signatures since every block will require to be digitally signed and that would require a certifying authority to authenticate the signatures,” he said.