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Anand Rathi's IPO Report
AGS Transact Technologies Ltd. was one of the largest integrated omni-channel payment solutions providers in India in terms of providing digital and cash-based solutions to banks and corporate clients, as of March 31, 2021.
They provide customised products and services comprising ATM and cash recycler machines outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets.
As of March 31, 2021, they were the second largest company in India in terms of-
revenue from ATM managed services under the outsourcing model, and
revenue from cash management and number of ATMs replenished.
As of August 31, 2021, AGS Transact Technologies deployed 221,066 payment terminals and was one of the largest deployers of point-of-sale terminals at petroleum outlets in India, having rolled out integrated payment solution at more than 16,000 petroleum outlets with 28,986 terminals in India, as of March 31, 2021.
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