Regulatory Needs, Digital Infra Driving Demand ID Verification: OnGrid

New Delhi: More than 500 million verifications for over 3,000 clients! Fuelled by regulatory requirements and digital transformations, the demand for identity verification and digital credentialing will grow further for background verification platform OnGrid, says its co-founder and CEO Piyush Peshwani.

Founded in 2016 by IIT Bombay graduates Piyush Peshwani and Vineet Bansal, OnGrid describes itself as the best background verification company in India that provides comprehensive and fastest employee background verification, contractors’ and partners’ screening.

It has been clocking all-round consistent year-on-year growth in revenue, clients, and verifications processed. “In 2024-25, we estimate the growth rate to exceed 50 per cent as compared to 2023-24, completing over 60 million verification transactions - the highest ever,” Peshwani told media. OnGrid, which serves industries such as retail, technology, e-commerce and shared economy platforms, helps organisations and service providers by verifying individuals and businesses through advanced identity verification, KYC (know your customer), KYB (know your business), background checks and digital credentials management. The company leverages AWS’ infrastructure to ensure high availability, scalability and data security. OnGrid is now looking to scale capabilities to serve broader, more diverse sectors, and enhance technological offerings to AI-powered behavioral assessments and advanced digital credentialing, Peshwani said. Expansion of footprint to global markets, too, is on the cards, he added.

Excerpts from the interview: Q: What are the various offerings of OnGrid? A: OnGrid is our flagship platform for comprehensive background verifications, trusted by businesses to verify white-collar employees, blue-collar professionals, contractors, merchants, gig workers, and loan applicants. We cater to diverse client needs with services like ID, address, education, employment, and criminal checks-forming the backbone of compliance and trusted hiring across industries.

Having completed over 500 million verifications for 3,000 plus clients, OnGrid serves industries such as retail, technology, e-commerce, BFSI (banking, financial services, and insurance), healthcare, logistics, education, and shared economy platforms. Our other offering, Gridlines, is a real-time API (application programming interface) platform that provides comprehensive verification solutions for individuals and businesses across various domains, including onboarding, underwriting, and due diligence.