IPO Review - AGS Transact Technologies Ltd - ICICI Direct

Posted On : 2022-01-20 10:40:48( TIMEZONE : IST )

IPO Review - AGS Transact Technologies Ltd - ICICI Direct

AGS Transact Technologies is 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.

  • AGS provides customised products and services comprising ATM and CRM outsourcing, cash management and digital payment solutions
  • AGS is the second largest company in India in terms of (i) revenue from ATM managed services under outsourcing model, (ii) revenue from cash management and number of ATMs replenished

Key triggers/Highlights
  • As of August 31, 2021, AGS has deployed 2,21,066 payment terminals while it operates 14,099 ATMs and CRMs under outsourcing business and 19,161 ATMs and CRMs under the managed services business in India
  • Customer driven portfolio with strong capabilities to develop customised solutions in-house
  • Diversified product portfolio, customer base and revenue leading to cross-selling opportunities
  • Focused on growing the digital payment solutions business
  • Focused on cash management services and intends to grow this business by further by leveraging its expertise
  • Plans to expand internationally and continue to leverage on the technology & products to provide solutions to other countries

For details, click on the link below: Link to the report

Source : Equity Bulls


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