Manipal Payment and Identity Solutions Limited
309.30
INR
-5.50
(-1.75%)
ISIN
INE241U01028
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Kukkundoor Girish Kini
- Sector
- Commercial services
- Industry
- Commercial printing/Forms
- Address
- Manipal India
- Website
- mpimanipal.com
- Similar Companies
- Business
- Manipal Payment and Identity Solutions Limited provides secure transaction technologies, identification infrastructure, smart card solutions, and security printing services to banking, financial services, government, and corporate enterprises. The company operates across multiple integrated business verticals, offering a comprehensive suite of products and services that includes: Payment Solutions, comprising EMV chip contact and contactless payment cards, RuPay-, Visa-, and Mastercard-certified debit, credit, and prepaid cards, metal and sustainable cards, biometric payment cards, MICR cheque books and drafts, payment wearables, and NFC and QR-enabled transaction solutions; Identification Solutions, comprising national identity cards, electronic driving licenses, vehicle registration smart cards, voter credentials, citizen identity documents, transit ticketing smart cards, and biometric authentication platforms; Secure Documentation and Logistics, comprising high-security document printing, tax and revenue stamps, security holograms, tamper-evident labels, insurance policy kits, bank account statements, PIN mailers, and secure end-to-end dispatch and fulfillment services; and Smart Infrastructure and IoT Solutions, comprising radio-frequency identification (RFID) tags and inlays, supply chain track-and-trace platforms, automated state excise monitoring systems, smart banking kiosks, and self-service transit terminals. The company serves public and private sector commercial banks, fintech platforms, non-banking financial companies (NBFCs), state transport corporations, government ministries, and enterprise clients across India and more than 15 international markets throughout Asia, the Middle East, and Africa. Founded in 2008 and headquartered in Manipal, Karnataka, India, the company operates as a subsidiary of Manipal Technologies Limited and maintains specialized manufacturing and central card processing centers in Manipal, Chennai, and Noida. In recent corporate developments, the company rebranded from MCT Cards & Technology Private Limited to Manipal Payment and Identity Solutions Limited in August 2024; acquired the Variable Data Printing (VDP) and cheque solutions division from its parent promoter entity, Manipal Technologies Limited, under a business transfer agreement effective March 2024; completed an initial public offering (IPO) raising approximately INR 805 crore to list its equity shares on the National Stock Exchange of India (NSE: MPIMANIPAL) and the BSE in September 2026; and initiated capital expenditure programs to expand production capacity, modernize high-speed card personalization infrastructure, and enhance IoT and digital identification capabilities across its manufacturing facilities.