The tie-up is banking on MGRM’s expertise in research-based proprietary e-governance platforms for education, healthcare, pharmaceuticals and insurance domains as well as Bell ID’s competency in smart card management offerings. The JV said that it will include all product IPRs, applications and requisite skills to lead this emerging space in India.

“This JV synergizes the unique strengths of both MGRM and Bell ID. Bell ID has experience in managing an unrivalled portfolio of international customers in many key markets while MGRM is first in the world to offer research-based integrated e-governance platforms ,” Dr KVR Murthy, Founder of MGRM Net said announcing this 50:50 joint venture.

“We see very exciting prospects in this emerging space. The MGRM-Bell ID joint venture will explore ‘smart card related opportunities’ secured by biometric applications based on domain research and integrate them with MGRM’s OmVcard capability,” said Pat B. Curran, Chairman, Bell ID, the Netherlands headquartered company that manages over 125 million cards in different applications in all continents.

The JV is expected to be operational in the next quarter and an operational team is expected to be formed by next month.