Okta, the leading independent identity provider, today announced the opening of a new office in India as part of its ongoing commitment to driving secure digital transformation across Asia Pacific and world-class customer support. The company’s Indian headquarters will be located in S.R. Nagar, Bengaluru serving as hub for Okta's operations in the Indian subcontinent. It will be joined by a planned state-of-the art R&D center supporting development of Okta’s identity solutions around the world.
"We are excited to enter the Indian market and bring industry-leading identity to the country’s innovative businesses and government agencies,” said Todd McKinnon, Okta’s CEO and Co-Founder. “We are deeply committed to supporting India’s growing digital economy and freeing everyone to safely use any technology.”
The digital identity market is growing briskly due to demand growth driven by rising cyber fraud and an increased need for authentication. There is a tremendous opportunity for India. A recent report by Avendus Capital states that India is expected to increase its cybersecurity spending by 18% between 2020 to 2025. The report also noted the shift in services towards cloud-based solutions and zero-trust architecture.
"India is renowned for its technological innovation and entrepreneurial spirit. By establishing a dedicated presence here, we are better positioned to serve our Indian customers and partners, foster local innovation, and contribute to the continued growth of the Indian technology and cybersecurity landscape." said Ben Goodman, Okta SVP and GM for Asia Pacific and Japan.
Building an Identity Ecosystem for Indian Customers & Partners
In tandem with this market growth, Okta will continue to expand its presence, strengthen its partner ecosystem and enhance customer support. By establishing a physical presence in India, Okta will strengthen its ability to meet the evolving needs of local customers, partners and developers, and deepen its engagement within the region's thriving technology community.
Okta has already made early inroads into the country through its VC arm Okta Ventures, which invested in Bureau ID, an AI-powered identity decisioning platform provider. Bureau ID counts Indian household names like Bajaj Finserv, IIFL, Rapido, Kreditbee, Mahindra Finance, and SBM Bank as customers.
Okta is also working with Darwinbox, India's leading HCM platform, on an out-of-the-box integration to deliver seamless and secure access to Darwinbox services through the Okta Integration Network (OIN). This adds to the 7000+ library of pre-built integrations in OIN that helps Okta customers securely accelerate their journey to the cloud.
Okta's workforce identity and customer identity management solutions are trusted by organizations worldwide to secure and manage access to their critical applications and data. With the Indian market experiencing significant digital transformation across various sectors, Okta's presence will enable local businesses to enhance security, streamline identity processes, and accelerate digital initiatives.
"India is in the thick of a digital revolution, and identity and access management has become a crucial element for organizations across industries," said Atul Agarwal, Okta India country head. "We are excited to be able to work closely with our customers and partners here, enabling them to embrace the power of identity to drive secure and seamless digital experiences for their users."
The new office will also enable Okta to work closely with Indian policymakers and educational institutions, so that it can deliver better customer value and play a bigger role in developing cybersecurity talent in the country. Okta will also be partaking in more large deployments, and developing integrations that are more tailored to Indian enterprises’ needs.