AGS Transact Technologies Limited
AGS Transact Technologies Limited were 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 (Source: Ken Payments Report). We provide customised products and services comprising ATM and Cash Recycler Machines (CRM) outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets.
As of March 31, 2021, we were the second largest company in India in terms of (i) revenue from ATM managed services under the outsourcing model, and (ii) revenue from cash management and number of ATMs replenished (Source: Ken ATM Report). We were one of the largest deployers of POS terminals at petroleum outlets in India; covering 22.3% of fuel retail outlets. (Source: Ken Payments Report). We also pioneered Integrated Payment Solutions (IPS) with OMCs (Source: Ken Payments Report).
As of August 31, 2021, we had installed, maintained or managed a network of approximately 72,000 ATMs and CRMs, provided cash management services to 46,214 ATMs through SVIL, installed 221,066 merchant POS and approximately 46,800 cash billing terminals, automated approximately 17,924 petroleum outlets and installed approximately 88,521 colour dispensing machines.
For the financial years 2021, 2020 and 2019, we derived 95.6%, 95.5% and 96.1%, respectively, of our revenues from operations in India where our business started, although we have expanded internationally to offer automation and payment solutions to banks and financial institutions in other Asian countries comprising Sri Lanka, Singapore, Cambodia, Philippines and Indonesia.
