AGS Transact Technologies Ltd.
2.01
INR
-0.04
(-1.95%)
ISIN
INE583L01014
Return %
Stock
S&P 500
1Y
-53.69
14.20
3Y
-96.86
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
INR
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in mil. unless spec.Quarterly Dividends Per Share
INR
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in mil. unless spec.Company Description
- CEO
- Ravi Badrinarain Goyal
- Full Time Employees
- 1,106
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- Kamala Mill Compound Mumbai MH India 400013
- IPO Date
- Jan 31, 2022
- Website
- agsindia.com
- Similar Companies
- Business
- AGS Transact Technologies Limited operates as an integrated omni-channel payment solutions provider, primarily serving the banking, petroleum, color, and retail sectors in India. The company offers a comprehensive portfolio including automated teller machines (ATM) outsourcing; ATM managed services; intelligent cash deposit (ICD) systems; cash management solutions; digital payment services comprising toll and transit solutions; point of sale (POS) terminals; transaction switching and processing services; and software-as-a-service (SaaS) digital payment platforms. Its product range extends to ATM manufacturing and automation of petroleum outlets and color dispensing machines. AGS Transact serves a wide customer base including major banks such as State Bank of India, Axis Bank, HDFC Bank, and ICICI Bank, as well as key retail and industrial clients. Founded in 2002 and headquartered in Mumbai, the company has historically been a significant player in the deployment and management of ATM networks and digital payment technologies across India. It pioneered innovations such as India’s first QR-based cash withdrawal feature on ATMs and has developed integrated payment solutions for oil marketing companies. In the recent 2024-2025 period, AGS Transact Technologies has undergone major operational and strategic challenges. The company entered Corporate Insolvency Resolution Process (CIRP) initiated by the National Company Law Tribunal in August 2025, reflecting severe financial distress and insolvency issues. To address liquidity and debt burdens, AGS has planned to sell a 90% stake in its subsidiary Novus Technologies Pte. Ltd. and is engaged in debt restructuring discussions. Leadership changes have occurred including resignations of key financial officers and directors. The company's revenue showed declines, with a notable focus on shifting towards digital payments and ATM hybridization for future growth. These financial and organizational transformations mark a significant strategic pivot amid market pressures. AGS Transact continues to operate within India but has also expanded into related service areas such as cash management logistics with dedicated cash vans, transaction switching, and deploying next-generation digital payments infrastructure across metropolitan transit systems. This expansion aligns with its industries served, including banking, petroleum, retail, and emerging digital payment ecosystems. Overall, AGS Transact Technologies Limited remains a leading technology-driven payment solutions company in India, with comprehensive product offerings spanning ATM outsourcing, cash management, digital payments, and transaction processing, while currently navigating significant financial restructuring and strategic realignment following insolvency proceedings in 2025.