Colorplast

What Colorplast does

Colorplast is a privately held Indian card manufacturer founded in 2001 and headquartered in Noida, with a workforce of 101-250 employees. The company manufactures digital cards for clients across five named verticals: finance (payment/debit/credit cards), telecom (SIM and related cards), retail (loyalty/gift cards), healthcare (insurance/ID cards), and transport (smart transit/passes). This multi-vertical scope positions Colorplast as a diversified B2B contract manufacturer serving regulated, security-sensitive end-markets rather than a single-industry specialist.

The core offering is digital card production — physically printed, encoded, and personalized cards rather than purely software-defined assets — supplied to enterprises that require secure issuance at scale. The technical stack, platform architecture, security certifications (PCI, EMV, ISO), and personalization capabilities are not documented in available sources; the company's web presence at colorplast.in could not be fetched as the underlying content was an anti-bot verification page, leaving product-level detail unverified. The five-vertical mix is the strongest descriptive signal that the company operates a flexible production line capable of serving diverse card formats rather than a single-product niche.

The business model is best characterized as B2B contract manufacturing for card issuance, with revenue generated per card produced and personalized for enterprise clients. Pricing models, contract structures, distribution channels, and named customers are not available in the input data, so revenue mechanics and customer-concentration dynamics cannot be reliably quantified. Colorplast is described as for-profit and unlisted, with no disclosed funding rounds, ownership structure, or M&A activity in the source material reviewed.

Name

Colorplast

Website

https://colorplast.in

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Short description

Colorplast is a privately held Indian card manufacturer founded in 2001 in Noida, producing digital cards for finance, telecom, retail, healthcare, and transport clients with 101-250 employees.

Ownership category

akta.pro rank

Headquarters

HQ city

Noida

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Core offering

Colorplast manufactures digital cards for B2B buyers across five industry verticals. Its core product is the physical smart/digital card itself, produced to specification for financial institutions (payment cards), telecom operators (SIM cards), retailers (loyalty/gift cards), healthcare organizations (health/patient ID cards), and transport operators (transit/ticketing cards).

Differentiator

Problem solved

Functional benefit

Products and services

• Financial cards (payment/debit/credit) Manufactured digital/smart cards for financial institutions for issuance to account holders as payment, debit, or credit cards.
• Telecom SIM cards Manufactured SIM cards supplied to telecom operators for subscriber activation and replacement.
• Retail loyalty and gift cards Manufactured loyalty, gift, and membership cards for retail chains and loyalty program operators.
• Healthcare ID and benefits cards Manufactured patient ID, health insurance, and benefits cards for hospitals, clinics, insurers, and government health programs.
• Transport cards and smart tickets Manufactured transit cards, smart tickets, and contactless travel cards for public transit authorities and transport operators.

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Direct peers

• CPI Card Group: CPI Card Group is a US-based financial and prepaid debit card manufacturer serving banks and retailers. Comparable as a direct competitor in the retail and finance card-manufacturing verticals where Colorplast operates.
• HID Global: HID Global manufactures secure identity cards, access control credentials, and card personalization solutions for corporate, government, and healthcare use. Comparable as a competitor in the physical secure-identity card space that Colorplast serves, especially in healthcare and enterprise.
• Veridos: Veridos is a joint venture between G+D and Bundesdruckerei producing passports, ID cards, and healthcare cards. Comparable as a focused player in the secure government and healthcare ID card manufacturing space that Colorplast serves.
• ABCorp (American Banknote Corporation): ABCorp is a US-based secure printing and card personalization company serving financial, government, and healthcare markets. Comparable as a mid-tier card manufacturer serving the same verticals Colorplast targets, with similar scale characteristics.
• Seshaasai Business Forms: Seshaasai is one of India's largest card and secure document manufacturers, producing payment cards, SIMs, loyalty cards, and PIN mailers. Comparable as the most direct Indian peer to Colorplast, serving the same domestic finance, telecom, retail, and transport customers.

Broad incumbents

• Thales (formerly Gemalto): Thales acquired Gemalto to form one of the world's largest smart card, payment card, and digital identity manufacturers. Comparable to Colorplast across all five of its stated verticals (finance, telecom, retail, healthcare, transport), but at vastly greater scale, certification depth, and geographic reach.
• Giesecke+Devrient (G+D): G+D is a German secure-technology company producing bank cards, SIMs, eSIMs, and government ID documents. Comparable as a direct competitor in finance, telecom, and government/health ID - the same verticals Colorplast targets - but with deeper R&D and certification credentials.
• Toppan Printing (Toppan Forms / card business): Toppan is a major Japanese printing and information-communications group with a substantial secure card and ID business. Comparable as a broad incumbent in the secure card manufacturing space across finance, transport, and identity verticals.
• IDEMIA: IDEMIA is a global leader in payment cards, SIM cards, national ID, and transport ticketing - directly overlapping every vertical Colorplast serves. Comparable as a direct competitor for the same end-customers, though operating at a much larger scale with proprietary technology.

Regional players

• Valid (Grupo Valid): Valid is a Brazilian secure-technology company producing payment cards, SIMs, and digital identity solutions across Latin America. Comparable in product mix and verticals to Colorplast, but serving different geographies with limited direct overlap.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights4 records

Customer concentration

• Xx.com/colorplast_
• Facebookfacebook.com/Colorplast-579604775428246
• LinkedInlinkedin.com/company/colorplast-system-private-limited

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Colorplast