18/01/2022
AGS Transact Technologies Ltd is one of the India's leading omni-channel payment solution providers. It is the second largest company in India in terms of revenue from ATM managed services and also the largest deployer of POS terminals at petroleum outlets in India. It not just serves Indian market but also expanded internationally in other Asian countries including Sri Lanka, Cambodia, Singapre, Indonesia, and Philippines. The firm primarily operates in 3 business segments;
Payment Solution services such as ATM and CRM outsourcing, cash management services, digital payment solutions, transaction switching services, POS machine services, agency banking, etc. As of August 31, 2021, it has a portfolio of 14,099 ATMs and CRMs under outsourcing and 19,161 ATMs and CRMs under managed service segment. It has also deployed POS terminals at leading Indian petroleum outlets such as Hindustan Petroleum, Indian Oil Corporation while Dr. Lal Pathlabs, Patanjali Ayurved, RJ Corp Ltd, VRIPL Retail Pvt Ltd, Organic India are the corporate clients.
Banking Automation Solutions i.e. Sale of ATM and CRM, self-service terminals, currency technology products, and relevant services. As of August 31, 2021, AGS Transact has 50+ banking customer base i.e. ICICI Bank. Axis Bank, and HDFC Bank Ltd.
Other Automation Solutions for customers in petroleum, retail, and colour segments such as system automation products, system integration, remote management, and other service offerings.
As of August 31, 2021, it had installed a network of 221,066 merchant POS, 17,924 petroleum outlets, 72,000 ATMs and CRMs offering cash management services, 46,800 cash billing terminals, and installed 88,521 colour dispensing machines. The business serves customers in 2200 cities and towns through 446,000 machines or customer touch points.
One of the largest deployers of POS terminals at
petroleum outlets in India.
The company has had stable revenues for the last 3
years and PAT looks stable too.
The services include Banking Automation, Payment
Solutions, Cash Management, Retail Automation, Fuel
Retail Automation, Transit & Toll, POS machine
services, Transaction switching, and Colour
Automation.
The company has 3 subsidiaries name India
Transact, Novus Technologies, and Securevalue RFID technology.
Ongo brands' ecosystem allows consumers to use
one single payment system, Ongo, to make
payments at POS terminals through various modes of
payment.
From 2009 the company started ATM oursourcing
and managed services with Diabold-Nixdorf.
From 2011 the company offer transaction switching
and cash management services.
In 2014 the company started digital payment
solutions.
Serving outside India like Sri Lanka, Cambodia,
Singapore, Indonesia, and the Philippines.
An integrated omni-channel payment and cash solutions provider.
Diversified product portfolio, customer base, and revenue stream.
Strong capabilities to develop customized in-house solutions.
Long-standing relationship with global technology providers i.e. Diebold Nixdorf, ACI.
Strong in-house infrastructure and technological capabilities.
AGS Transact IPO Promoter Holding
Pre Issue Share Holding 98.23%
Post Issue Share Holding 66.07%
