Safescrypt was the first company in India to get a certifying authority licence for digital signatures from the Controller of Certifying Authorities (CCA).
We are looking at new revenue opportunities like PKI consulting and PKI products. PKI concept is picking up in India and there is a need for consultation in this segment. We are hopeful that consulting will click in India, Safescrypt Ltd managing director K Dasaratharaman told eFE.
Further, the company is targeting a total of 1 lakh digital signatures as compared to 10,000 digital signatures issued in the last calendar.
The company is also in the process of signing an agreement with a bank where it is looking at offering 40,000 -50,000 digital certificates. While declining to reveal the name of the bank, Mr Dasaratharaman said, The contract with this bank should begin in this quarter itself and we will provide digital signatures both for e-banking and corporate banking, he said.
At present, the market for digital signatures is in sectors like financial services and IT-enabled services (ITES), according to Mr Dasaratharaman. We are in talks with 15 banks in final stage of discussions with most, he said. The company has deployed digital signatures for organisations like Infosys, Larsen & Toubro, Bharat Heavy Electricals Ltd (Bhel), ICICI, DOEACC, Indira Gandhi National Open University (IGNOU), Chennai-based ITES company Customer Broadcast, Sohonet, etc.
A digital signature is an encryption and decryption process which uses the public key infrastructure (PKI) technology that allows for proper identification of the author of an electronic message as well as authentication and non-repudiation. The digital certificate is a computer-generated record containing the identity of the subscriber, the public key and is digitally signed by the CA. The certificates issued by the CA, are legally recognised by the courts and are given the same status as a physical signature.