AGS Transact Technologies
AGS Transact Technologies Limited is an Indian ATM managed services provider serving banks and financial institutions, operating one of the country's largest outsourced ATM networks (~40,000 ATMs). The company entered Corporate Insolvency Resolution Process in August 2025.
- Company typePublic
- Founded2021
- HeadquartersMumbai, India
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What AGS Transact Technologies does
AGS Transact Technologies Limited is an India-based provider of ATM managed services and digital banking infrastructure, headquartered in Mumbai (Trade World, Lower Parel). The company operates one of India's largest outsourced ATM networks — approximately 40,000 ATMs — serving Indian banks and financial institutions with deployment, maintenance, and cash management services that allow clients to reduce operational costs and focus on core banking activities. Core technology is described as ATM managed services and cash management infrastructure; no productized software platforms, APIs, or digital banking modules were extractable from available sources, and the corporate website is currently inaccessible (HTTP 502). AGS went public via an Offer for Sale (OFS) IPO in 2021 on Indian stock exchanges following earlier private equity rounds (Actis in 2013, Kotak Alternate Asset Managers in 2021). Following a 94% stock decline in 2025, the Mumbai NCLT admitted the company into Corporate Insolvency Resolution Process in August 2025 on petitions from operational creditors Securitrans India and Maxwel Aircon India. As of April 2026, AGS remains under CIRP, with the Committee of Creditors centralizing books and records to the registered office; the company's collapse is accelerating consolidation in India's ATM sector, with competitors such as CMS Info Systems positioning to absorb its ~40,000-ATM footprint.
AGS Transact Technologies firmographics
Firmographics- Name
- AGS Transact Technologies
- Legal name
- AGS Transact Technologies Limited
- Website
- https://agsindia.com
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- AGS Transact Technologies Limited is an Indian ATM managed services provider serving banks and financial institutions, operating one of the country's largest outsourced ATM networks (~40,000 ATMs). The company entered Corporate Insolvency Resolution Process in August 2025.
- Ownership category
- akta.pro rank
AGS Transact Technologies industry classification
Industry- Product category
- ATM Managed Services
- akta.pro primary industry
- ATM Deployers & Managed ATM Services (IAD/ISO) (FSAMAOAC)
Keywords
Where AGS Transact Technologies is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
AGS Transact Technologies business model
Business model- GTM type
- B2B
- Offering type
- Services
AGS Transact Technologies product offering
Product offeringCore offering
AGS Transact Technologies Limited provided end-to-end ATM managed services and cash management infrastructure to Indian banks and financial institutions. The company operated a network of nearly 40,000 ATMs and offered payment solutions combined with modern technology for branchless banking operations. The company entered Corporate Insolvency Resolution Process (CIRP) in August 2025 and the primary website is currently inaccessible.
Product overview
AGS Transact Technologies was a provider of ATM managed services and digital banking infrastructure solutions. The company operated nearly 40,000 ATMs and was identified as a key industry player in the global ATM Outsourcing Services Market. However, the company entered Corporate Insolvency Resolution Process (CIRP) in August 2025 and subsequently faced operational collapse, forcing banks to seek alternative service providers. The company's primary website is currently inaccessible (HTTP 502 error), and no specific product portfolio details, modules, or service offerings could be extracted from available sources.
Differentiator
Problem solved
Functional benefit
Products and services
- ATM Managed Services
- Cash Management Services
- Payment Solutions
Companies that use AGS Transact Technologies
Customer profileSegments1 record
AGS Transact Technologies technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AGS Transact Technologies partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights2 records
AGS Transact Technologies competitors and assessment
Company assessmentDirect peers
- CMS Info Systems: India's largest ATM managed services and cash management company. Direct competitor to AGS Transact in ATM deployment and managed services for Indian banks, and is actively positioned to acquire AGS's market share following the 2025 collapse.
- Hitachi Payment Services: One of India's largest ATM deployment and payment services companies. Directly competes with AGS Transact in ATM managed services for Indian banks, with similar operational scale and customer base.
Broad incumbents
- NCR Atleos: Global leader in ATM manufacturing and managed services, spun off from NCR Corporation. Operates broadly across ATM services globally and is a broader incumbent in the same industry as AGS Transact, though with global rather than India-focused operations.
- Diebold Nixdorf: Global provider of ATM hardware and connected commerce services. Competes in the same broad industry as AGS Transact but at a much larger, multinational scale spanning hardware manufacturing and software services.
- Euronet Worldwide: Global payments and ATM services provider with significant ATM outsourcing operations across emerging markets. Comparable to AGS Transact in the ATM outsourcing business model but at far broader global scale.
- FIS (Fidelity National Information Services): Large global financial technology provider offering payments, banking, and capital markets solutions. Overlaps with AGS Transact in digital banking infrastructure for financial institutions at the broadest level.
Emerging players
- Financial Software and Systems (FSS): India-based payments technology provider serving banks with payment processing and digital banking solutions. Adjacent competitor in Indian banking technology with partial overlap in digital banking infrastructure.
- Avenues India (CCAvenue): Indian payment gateway and fintech infrastructure provider. Partially overlaps with AGS Transact in payment processing infrastructure for Indian merchants and banks, though focused more on e-commerce than ATM services.
Market position
Strengths3 records
Weaknesses3 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
AGS Transact Technologies social profiles
Digital presenceAGS Transact Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
AGS Transact Technologies leadership team
Management profileNumber of profiles
AGS Transact Technologies funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AGS Transact Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AGS Transact Technologies
What does AGS Transact Technologies do?
AGS Transact Technologies Limited provided end-to-end ATM managed services and cash management infrastructure to Indian banks and financial institutions. The company operated a network of nearly 40,000 ATMs and offered payment solutions combined with modern technology for branchless banking operations. The company entered Corporate Insolvency Resolution Process (CIRP) in August 2025 and the primary website is currently inaccessible.
Is AGS Transact Technologies a public or private company?
AGS Transact Technologies is a public company. It is classified as public and is currently operating.
When was AGS Transact Technologies founded?
AGS Transact Technologies was founded in 2021. It employs 5,001 to 10,000 people.
Where is AGS Transact Technologies based?
AGS Transact Technologies is headquartered in Mumbai, India, in the Asia region.
Who are AGS Transact Technologies's main competitors?
Direct peers on record are CMS Info Systems and Hitachi Payment Services. Broad incumbents are NCR Atleos, Diebold Nixdorf, Euronet Worldwide and FIS (Fidelity National Information Services). Emerging players are Financial Software and Systems (FSS) and Avenues India (CCAvenue).
Does AGS Transact Technologies have an API?
No public API is recorded for AGS Transact Technologies.
What industry is AGS Transact Technologies in?
AGS Transact Technologies's product category is ATM Managed Services. Its primary akta.pro industry code is FSAMAOAC, ATM Deployers & Managed ATM Services (IAD/ISO).